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WS Agenda 1999 08 16~UBL~C # 1 AGENDA CHANHASSEN CITY COUNCIL WORK SESSION MONDAY, AUGUST 16, 1999, 5:30 PM COURTYARD CONFERENCE ROOM, 690 CITY CENTER DR. 1. Review CIP Analysis, Dave MacGillivrary, Springsted. 2. History of Zoning~Design Standards, Fillages on the Ponds. 3. Architectural Standards for Commercial/Industrial Buildings. 4. Noise Monitoring Update, Lewis Engineering. 5. Truth in Taxation Levy. 6. Miscellaneous Items. CITYOF 690 Ci{y Center Drive, PO Box 147 Chanhassen, Minnesota 55317 Phone 612.937.1900 General Fax 612. 937. 5739 Engineering Fax 612. 937. 9152 Public Safeo, Fax 612.934.2524 Web www. ci. chanhassen, mn. us MEMORANDUM TO: Mayor City Council FROM: Scott A. Botcher, City Manage~ DATE: Augustll, 1999 SUB J: City Council Work Session of August 16, 1999 What follows is a brief summary of the items to be discussed at the work session on August 16, 1999. Mr. Dave MacGillivray of Springsted will be here first to review the Capital Improvement Plan distributed to you with the initial budget documents earlier in the summer. There was a request on a part of the council to have Dave come and review with you assumptions and findings drawn from assumptions reflected in this report. I am enclosing another copy of his report for your edification. Secondly, the Community Development Department will be presenting a history of zoning and design standards for Villages on the Ponds. It is thought that a review of this development would be useful for all involved. Thirdly, Community Development Will continue the discussion with a review and discussion of architectural standards for commercial/industrial buildings within the City of Chanhassen. Council members have at times struggled with the everlasting debate between form and function and aesthetics related thereto. Kate has presented a large amount of documentation for both Villages on the Ponds and the architectural standards/materials for commercial/industrial buildings. This too is included in your packet for your review. Following these two presentations, a brief update on the noise monitoring issue coming from Lewis Engineering of Chaska will be presented. I will be meeting with the two neighbors in question on Friday and will give them a heads up as to what the update will consist of prior to the meeting on Monday. I have already advised them that this item will be on the agenda for Monday evening and I have some expectation that they may attend the meeting. Finally, I hope to be in a position to give you a brief update on the budget process and the findings staff and I have made about the financial systems in place for the City of Chanhassen learned through our attempts to do the budget. As always, we close with "Miscellaneous Items" at which point any items not listed on this agenda may be discussed briefly prior to adjournment. Please call with any questions. Thank you. The City of Gsanhassen. A ~o'owin~, community with clean lakes, quality schools, a charming, downtown, thrivin~ businesses, and beautiful parks. A ereat place to live, work, and day. 85 E. SEVENTH PLACE, SUITE 100 SAINT PAUL, MN 55101-2887 651-223-3000 FAX: 651-223-3002 July 9, 1999 SPRINGSTED Public Finance Advisors Mr. Scott Botcher, City Manager Ms. Pam Snell, Finance Director City of Chanhassen 690 City Center Drive P O Box 147 Chanhassen, MN 55317 Re: Financial Impact Estimates of Capital Improvement Plan (CIP) . ' . ~. x~ ,,, ' ~,'-' '~. Dear Mr."Bo{~;her and Ms. Sn~eli: We have completed the estimates of annual debt service for each major category of the City's CIP. We have included listings of primary assumptions and input parameters, sUmmary sheets covering the period 1999 through 2020, and individual issue debt service cash flows. The estimates are segregated by CIP asset category. The individual summaries distinguish annual outstanding debt obligations, and new bond financing for capital and operating improvements. An assumption used in structuring individual issues was for the term of new debt to be the same as the original terms of outstanding issues by type. After your review of this initial estimate we could work with you in adjusting total annual debt service, by type, to have a repayment program fitting into related financial policy objectives. As you move through your process, we can expand this analysis to include other financial indicators of both immediate and long-term impact. Please contact us if we can be of any further assistance. Respectfully, David N. MacGillivray Principal \\mlk SAINT PAUL. MN MINNEAPOLIS, MN OVERLAND PARK, KS BROOKFIELD. WI WASHINGTON. DC IOWA CITY, IA City of Chanhassen, Minnesota · Capital Improvement Plan Annual Debt Service Estimates Methodology and Assumptions 1. The years included in the Capital Improvement Plan are 1999 through 2020. Capital bonding amounts were derived from City Staff. Debt service schedules were created for each of the identified projects and were separated by asset category, and how the bond proceeds would be used, for example capital assets or operating & maintenance system enhancements. Structuring details: Dated date: Costs of Issuance: Size of Bond Issuance: Interest Rates: Interest Payments: Repayment Terms: Water Distribution: Sanitary Sewer: Parks & Recreation: Roads & Community Facilities: January 1 A 2% cost of issuance fee was included in each bond structure. Rounded to the nearest $5,000 Springsted used current interest rates for a general obligation bond plus 25 basis points. Interest rates are estimates; changes may cause significant alterations to the debt schedules. January 1 and July 1 Repayment terms were done the same as prior bond issues. Principal payments are due January 1, for a period of ten years. Principal payments are due January 1, for a periOd of ten years. Principal payments are due January 1, for a period of ten years. Principal payments are due January 1, for a period of fifteen years. Other Factors: Schedules were structured to create even annual debt service. For those issues slated for bonding in 1999 we have structured the bond schedules dated January 1,2000. o Existing debt was included with each asset category and by security as of July 2, 1999. Water Distribution: There are two issues outstanding the 1996 Water Revenue Bonds and the 1998 Water Improvement Bonds. Both were included in the plan. Sanitary Sewer: There is not any debt currently outstanding for the sanitary sewer system. Parks & Recreation: Roads & Community Facilities: One issue was outstanding which was included in the plan, the 1998 G.O. Park Improvement Bonds. All outstanding debt service secured only by the property tax levy were included with the Roads and Community Facilities. There are three issues outstanding: the 1991 G.O. Municipal Building Refunding Bonds, the 1988 G.O. Bonds and the 1989 Corporate Purpose Bonds. All three were included in the plan. City of Chanhassen, Minnesota CIP Fiscal Year Water Distribution Outstanding Debt Service Capital Projects Debt Sen/ice Operating and Maintenance Debt Service Total Debt Service Sanitary Sewer Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service Parks and Recreation Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service Roads and Community Facilities Outstanding Debt Service Capital Projects Debt Sewice Operating and Maintenance Debt Service Total Debt Service Total Outstanding Debt Sen/ice Total Capital Projects Debt Service Total Operating and Maintenance Debt Servi Total for all Debt Service 1999 28,696.25 o 28,696.25 110,655.00 110,655.00 315,916.25 315,916.25 455,267.50 455,267.50 233,302.50 49,228.75 14,230.00 296,761.25 10,618.75 1,990.00 12,6O8.75 221,310.00 221,310.00 453,307.50 64,520.00 60,227.50 907,920.00 124,367.50 76,447.50 1,108,735.00 2001 254,392.50 281,037.50 80,918.75 616,348.75 69,380.00 10,867.50 80,247.50 221,310.00 221,310.00 249,440.00 291,577.50 443,828.75 g84,846.25 725,142.50 641,995.00 535,615.00 1,902,752.50 2002 269,115.00 376,133.75 131,003.75 776,252.50 140,302.50 19,645.00 159,947.50 441,360.00 441,360.00 265,6~:).00 441,113.75 466,572.50 1,173,376.25 976,165.00 957,550.00 617,221.25 2,550,936.25 2003 111,893.75 483,367.50 181,305.00 776,566.25 193,010.00 28,316.25 221,326.25 450,808.00 460,800.00 254,635.00 527,246.25 540,921.25 1,322,802.50 827,328.75 1,203,623.75 750,542.50 2,781,495.00 108,345.00 529,302.50 206,176.25 843,823.75 221,693.75 41,656.25 263,350.00 93,015.00 539,961.25 761,485.00 1,394,461.25 709,620.00 1,290,957.50 1,009,317.50 108,625.00 930,020.00 236,038.75 1,275,683.75 235,302.50 59,543.75 571,760.00 808,001.25 1,379,761.25 897,425.00 1,737,082.50 1,103,583.75 3,738,091.25 .2006 105,710.00 1,77O,4O6.25 237,805.00 2,113,921.25 288,508.75 71,968.75 824,310.00 824,310.00 690,453.75 1,026,490.00 1,716,943.75 930,020.00 2,749,368.75 1,336,263.75 5,015,652.50 2O07 106,616.25 2,075,207.50 253,168.75 2,434,992.50 330,735.00 88,815.00 419,550.00 867,740.00 867,740.00 810,266.25 1,250,870.00 2,061,136.25 974,356.25 3,216,208.75 1,592,853.75 5,783,418.75 City of Chanhassen, Minnesota CIP Fiscal Year Water Distribution Outstanding Debt Service Capital Projects-Debt Service. Operating and Maintenance Debt Service Total Debt Service Sanitary Sewer Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service Parks and Recreation Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service Roads and Community Facilities Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service Total Outstanding Debt Service Total Capital Projects Debt Service Total Operating and Maintenance Debt Servi 2OO8 112,140.00 2,515,130.00 256,255.00 2,883,525.00 393,106.25 100,070.00 493,176.25 912,551.25 23,878.75 936,430.00 817,962.50 1,274,638.75 2,092,601.25 1,024,691.25 3,750,077.50 1,630,963.75 2009 107,388.75 · 2,547,877.50 264,900.00 2,920,166.25 449,098.75 110,932.50 560,031.25 958,042.50 126,117.50 1,084,160.00 809,046.25 1,291,951.25 2,100,997.50 1,065,431.25 3,932,140.00 1,667,783.75 2010 2,595,147.50 311,732.50 2,906,880.00 493,520.00 126,290.00 619,810.00 378,556.25 365,291.25 743,847.50 828,736.25 1,373,411.25 2,202,147.50 378,556.25 4,282,695.00 1,811,433.75 2011 2,362,967.50 257,602.50 2,620,570.00 514,900.00 126,290.00 641,190.00 1,412,235.00 1,412,235.00 895,645.00 1,436,513.75 2,332,158.75 5,185,747.50 1,820,406.25 2012 2,387,376.25 216,393.75 2,603,770.00 539,535.00 123,982.50 663,517.50 1,417,870.00 1,417,870.00 899,395.00 1,442,988.75 2,342,383.75 5,244,176.25 1,783,365.00 2013 2,337,706.25 2,514,706.25 580,215.00 109,572.50 689,787.50 1,415,525.00 1,415,525.00 891,123.75 1,440,943.75 2,332,067.50 5,224,570.00 1,727,516.25 2014 2,389,926.25 152,802.50 2,542,728.75 655,736.25 95,580.00 751,316.25 1,415,318.75 1,415,318.75 895,722.50 1,445,277.50 5,358,703.75 1,693,660.00 2015 2,123,836.25 135,218.75 2,259,055.00 759,443.75 82,017.50 841,461.25 1,416,913.75 1,416,91 3.75 888,058.75 1,217,735.00 2,105,793.75 5,188,252.50 1,434,971.25 2016 1,188,517.50 140,165.00 1,328,682.50 807,293.75 68,895.00 876,188.75 1,415,100.00 1,415,100.00 644,858.75 1,100,772.50 1,745,631.25 4,055,770.00 1,309,832.50 Total for all Debt Service 6,405,732.50 6,665,355.00 6,472,685.00 7,006,153.75 7,027,541.25 6,952,086.25 7,950,383.75 6,623,223.75 5,365,602.50 City of Chanhassen, Minnesota CIP Fiscal Year Water Distribution Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service Sanitary Sewer Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service- Parks and Recreation Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service Roads and Community Facilities Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service Total Outstanding Debt Service Total Capital Projects Debt Service Total Operating and Maintenance Debt Servi 2017 1,084,861.25 178,636.25 1,263,497.50 815,478.75 56,222.50 2018 588,991.25 170,466.25 759,457.50 808,278.75 44,010.00 2019 611,135.00 171,736.25 782,871.25 801,065.00 32,270.00 ' 2020 Totals - 1,547,225.00 624,383.75 29,852,560.00 197,778.75 3,971,333.75 822,1 62.50 35,371,118.75 784,965.00 9,892,187~50 21,015.00 1,419,950.00 871,701.25 852,288.75 833,335.00 805,980.00 11,312,1 37.50 1,414,415.00 1,414,415.00 485,640.00 1,143,155.00 1,283,755.00 1,283,755.00 366,550.00 946,542.50 1,414,500.00 1,414,500.00 367,531.25 1,191,018.75 6,692,695.00 1,453,358.75 14,574,278.75 1,453,358.75 21,266,973.75 425,216.25 1,632,003.75 13,152,385.00 20,663,345.00 1,628,795.00 1,558,550.00 1,313,092.50 425,216.25 35,447,733.75 3,800,395.00 1,378,013.75 3,179,301.25 1,405,495.00 9,871,923.75 3,287,923.75 67,471,411.25 218,793.75 25,054,628.75 3,062,505.00 1,150,548.75 Total for all Debt Service 5,178,408.75 4,584,796.25 4,213,053.75 3,506,717.50 103,397,963.75 City of Chanhassen, Minnesota CIP-Water Fiscal Year Water Distribution Capital Projects Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service 1999 1,656,000.00 40,000.00 1,696,000.00 28,696.25 2000 415,000.00 550,000.00 965,000.00 233,302.50 . 49,228.75 14,230.00 2001 675,000.00 350,000.00 1,025,000.00 254,392.50 281,037.50 80,918.75 2002 945,000.00 390,000.00 1,335,000.00 269,115.00 376,133.75 131,003.75 20O3 70,000.00 220,000.00 290,000.00 111,893.75 483,367.50 181,305.00 2004 2,047,000.00 220,000.00 2,267,000.00 108,345.00 529,302.50 206,176.25 Total Debt Service 28,696.25 .296,761.25 616,348.75 776,252.50 776,566.25 843,823.75 City of Chanhassen, Minnesota CIP-Water Fiscal Year Water Distribution Capital Projects Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service 2005 7,615,000.00. 50,000.00 7,665,000.00 109,625.00 930,020.00 236,O38.75 2006 1,937,000.00 125,000.00 2,062,000.00 105,710.00 1,770,406.25 237,805.00 2OO7 4,180,000.00 25,000.00 4,205,000.00 106,616.25 2,075,207.50 253,168.75 2008 240,000.00 65,000.00. 305,000.00 112,140.00 2,515,130.00 256,255.00 2OO9 405,000.00 290,000.00 695,000.00 107,388.75 2,547,877.50 264,900.00 2010 90,000.00 260,000.00 350,000.00 2,595,147.50 311,732.50 Total Debt Service 1,275,683.75 2,113,921.25 2,434,992.50 2,883,525.00 2,920,166.25 2,906,880.00 City of Chanhassen, Minnesota CIP-Water Fiscal Year Water Distribution Capital Projects Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service ' 2011 860,000.00 30,000.00 890,000.00 2,362,967.50 257,602.50 2012 540,000.00 85,000.00 625,000.00 2,387,376.25 216,393.75 2013 630,000.00 35,000.00 665,000.00 2,337,706.25 177,000.00 2014 35,000.00 .35,000.00 2,389,926.25 152,802.50 2015 100,000.00 70,000.00 170,000.00 2,123,836.25 135,218.75 2016 · 1,256,000.00 340,000.00 1,596,000.00 1,188,517.50 140,165.00 Total Debt Service 2,620,570.00 2,603,770.00 2,514,706.25 2,542,728.75 2,259,055.00 1,328,682.50 City of Chanhassen, Minnesota CIP-Water Fiscal Year Water Distribution Capital Projects Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service Capital Projects Debt Service Operating and Maintenance Debt Service 2017 380,000.00 40,000.00 420,000.00 1,084,861.25 178,636.25 2018 330,000.00 90,000.00 420,000.00 588,991.25 170,466.25 2019 650,000.00 435,000.00 1,085,000.00 611,135.00 171,736.25 2020 295,000.00 295,000.00 624,383.75 197,778.75 Totals 25,021,000.00 4,040,000.00 29,061,000.00 1,547,225.00 29,852,560.00 3,971,333.75 Total Debt Service 1,263,497.50 759,457.50 782,871.25 822,162.50 35,371,118.75 City of Chanhassen, Minnesota CIP-Sanitary Sewer Fiscal Year Sanitary Sewer Capital Projects Bonding Required Operating and Maintenance Bonding Required' Total Bonding Required Debt Service Outstanding Debt Service (1) Capital Projects Debt Service Operating and Maintenance Debt Service 1999 69,000.00 69,000.00 2000 370,000.00 80,000.00 450,000.00 10,618.75 1,990.00 2001 580,000.00. 80,000.00 660,000.00 69,380.00 10,867.50 2O02 400,000.00 85,000.00 485,000.00 140,302.50 19,645.00 2003 315,000.00 85,000.00 400,000.00 193,010.00 28,316.25 2004 80,000.00 85,000.00 165,000.00 221,693.75 41,656.25 2OO5 350,000.00 · . '90,000.00 440,000.00 235,302.50 59,543.75 Total Debt Service 12,608.75 80,247.50 159,947.50 221,326.25 263,350.00 294,846.25 City of Chanhassen, Minnesota CIP-Sanitary Sewer Fiscal Year Sanitary Sewer Capital Projects. Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service (1) Capital Projects Debt Service Operating and Maintenance Debt Service 2006 330,000.00 g0,000.00 420,000.00' 288,508.75 71,968.75 2007 390,000.00 90,000.00 480,000.00 330,735.00 88,815.00 2008 430,000.00 g0,000.00 520,000.00 393,106.25 100,070.00 '2'009 '440,000.00 95,000.00 535,000.00 449,098.75 110,932.50 2010 460,000.00 95,000.00 555,000.00 493,520.00 126,290.00 2011 780,000.00 95,000.00 875,000.00 514,900.00 126,290.00 2012 810,000.00 810,000.00 539,535.00 123,982.50 Total Debt Service 360,477.50 419,550.00 493,176.25 560,031.25 619,810.00 641,190.00 663,517.50 City of Chanhassen, Minnesota CIP-Sanitary Sewer Fiscal Year sanitary Sewer Capital Projects Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service (1). Capital Projects Debt Service Operating and Maintenance Debt Service 2013 840,000.00 840,000.00 580,215.00 109,572.50 2014 870,000.00 870,000.00 655,736.25 95,580.00 2015 900,000.00 900,000.00 759,443.75 82,017.50 2016 333,000.00 333,000.00 807,293.75 68,895.00 2017 350,000.00 350,000.00 815,478.75 56,222.50 2018 350,000.00 350,000.00 808,278.75 44,010.00 2019 370,000.00 370,000.00 801,065.00 32,270.00 Total Debt Service 689,787.50 . 751,316.25 841,461.25 876,188.75 871,701.25 852,288.75 833,335.00 City of Chanhassen, Minnesota CIP-Sanitary Sewer Fiscal Year "Sanitary Sewer Capital Projects Bonding Required · '- Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service (1) Capital Projects Debt Service Operating and Maintenance Debt Service 2020 Totals 9,817,000.00 - 1,060,000.00 - 10,877,000.00 784,965.00 21,015.00 9,892,187.50 1,419,950.00 Total Debt Service 805,980.00 11,312,137.50 City of Chanhassen, Minnesota CIP.Parks and Recreation Fiscal Year Parks and Recreation Capital Projects Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service (1) Capital Projects Debt Service Operating and Maintenance Debt Service 1999 110,655.00 2000 221,310.00 2001 221,310.00. 2002 2OO3 2OO4 508,260.00 2005 787,800.00 Total Debt Service 110,655.00 221,310.00 221,310.00 441 360.00 460,800.00 508,260.00 787,800.00 City of Chanhassen, Minnesota CIP-Parks and Recreation Fiscal Year Parks and Recreation Capital Projects Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service (1) Capital Projects Debt Service Operating and Maintenance Debt Service Total Debt Service 2006 824,310.00 824,310.00 2007 867,740.00 867,740.00 2008 1,000,000.00 1,000,000.00 912,551.25 23,878.75 936,430.00 2009 958,042.50 126,117.50 1,084,160.00 2010 10,000,000.00 10,000,000.00 2011 1,41 2,235.00 1,412,235.00 City of Chanhassen, Minnesota CIP-Parks and Recreation Fiscal Year Parks and Recreation Capital Projects Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service (1) Capital Projects Debt Service Operating and Maintenance Debt Service 2O 12 1,417,870.00 2013 1,41 5,525.00 2014 1,415,318.75 2O 15 1,41 6,913.75 · 2016 1,415,100.00 2017 1,41 4,415.00 Total Debt Service 1,41 7,870.00 1,415,525.00 '1,415,318.75 1,41 6,913.75 1,41 5,100.00 1,414,415.00 City of Chanhassen,'Minnesota ClP-Parks and Recreation Fiscal Year Parks and Recreation Capital Projects Bonding Required Operating and Maintenance Bonding Required Total Bonding Required Debt Service Outstanding Debt Service (1) Capital Projects Debt Service Operating and Maintenance Debt Service 2018 · 1,414,500.00 2019 1,283,755.00 2020 Totals 7,000,000.00 18,000,000.00 7,000,000.00 18,000,000.00 6,692,695.00 1,453,358.75 14,574,278.75 Total Debt Service 1,414,500.00 1,283,755.00 1,453,358.75 21,266,973.75 City of Chanhassen, Minnesota CIP-Roads and Community Facilities Fiscal Year Roads and Community Facilities Capital Projects Bonding Required-Roads Capital Projects Bonding Required-Community Facilitie Total Bonding Required Debt Service Outstanding Debt Service Capital Projects Debt Service-Community Facilities Capital Projects Debt Service-Roads Total Debt Service 1999 1,100,000.00 975,000.00 2,075,000.00 315,916.25 315,916.25 2000 .453,307.50 64,520.00 60,227.50 578,055.00 2001 2,100,000.00 1,600,000.00 3,700,000.00 249,440.00 291,577.50 443,828.75 984,846.25 2002 300,000.00 1,250,000.00 1,550,000.00 265,690.00 441,113.75 466,572.50 1,173,376.25 2003 254,635.00 527,246.25 540,921.25 1,322,802.50 93,015.00 539,961.25 761,485.00 1,394,461.25 2005 571,760.00 808,001.25 1,379,761.25 City of Chanhassen, Minnesota CIP-Roads and Community Facilities Fiscal Year Roads and Community Facilities Capital Projects Bonding Required-Roads Capital Projects Bonding Required-Community Facilifie Total Bonding Required Debt Service Outstanding Debt Service Capital Projects Debt Service-Community Facilities Capital Projects Debt Service-Roads 2,(:X)0,000.00 1,750,000.00 3,750,000.00 690,453.75 1,026,490.00 2007 810,266.25 1,250,870.00 2008 817,962.50 1,274,638.75 2009 809,046.25 1,291,951.25 2010 750,000.00 1,550,000.00 828,736.25 1,373,411.25 895,645.00 1,436,513.75 2012 899,395.00 1 ,,442,988.75 Total Debt Service 1,716,943.75 2,061,136.25 2,092,601.25 2,100,997.50 2,202,147.50 2,332,158.75 2,342,383.75 City of Chanhassen, Minnesota CIP-Roads and Community Facilities Fiscal Year Roads and Community Facilities Capital Projects Bonding Required-Rcads Capital Projects Bonding Required-Community Facilitie Total Bonding Required Debt Service Outstanding Debt Service Capital Projects Debt Service-Community Facilities Capital Projects Debt Service-Roads 2013 891,123.75 1,440,943.75 2014 895,722.50 1,445,277.50 2015 888,058.75 1,217,735.00 2016 '800,000.00 800,000.00 644,858.75 1,100,772.50 2017 485,640.00 1,143,155.00 2018 367,531.25 1,191,018.75 2019 450,000.00 450,000.00 366,550.00 946,542.50 Total Debt Service 2,332,067.50 2,341,000.00 2,105,793.75 1,745,631.25 1,628,795.00 1,558,550.00 1,313,092.50 City of Chanhassen, Minnesota CIP-Roads and Community Facilities Fiscal Year Roads and Community Facilities Capital Projects Bonding Required-Roads Capital Pro)ects Bonding Required-Community Facilitie Total Bonding Required Debt Service Outstanding Debt Service Capital Projects Debt Service-Community Facilities Capital Projects Debt Service-Roads 2020 Totals 425,216.25 17,850,000.00 12,175,000.00 30,025,000.00 1,632,003.75 13,152~385.00 20,663,345.00 Total Debt Service 425,216.25 35,447,733.75 City of Chanhassen, Minnesota Water Distribution 2002B $ 400,000 Total Balance Fiscal Year Bond Year Prat# Date Principal Rate Interest Payment 400,000 Total Prat Total Pmt 1 7/1/2002 9,303.75 9,303.75 400,000 9,303.75 2 1/1/2003 35,000 4.10% 9,303.75 44,303.75 365,000 53,607.50 3 7/1/2003 8,586.25 8,586.25 365,000 52,890.00 4 1/112004 35,000 4.25% 8,586.25 43,586.25 330,000 52,172.50 5 71112004 7,842.50 7,842.50 330,000 51,428.75 6 111/2005 35,000 4.35% 7,842.50 42,842.50 295,000 50,685.00 7 7/1/2005 7,081.25 7,081.25 295,000 49,923.75 8 1/1/2006 35,000 4.45% 7,081.25 42,081.25 260,000 49,162.50 9 7/1/2006 6,302.50 6,302.50 260,000 48,383.75 10 1/1/2007 40,000 4.55% 6,302.50 46,302.50 220,000 52,605.00 11 7/1/2007 5,392.50 5,392.50 220,000 51,695.00 12 1/112008 40,000 4.65% 5,392.50 45,392.50 180,000 50,785.00 13 7/1/2008 4,462.50 4,462.50 180,000 49,855.00 14 1/1/2009 40,000 4.80% 4,462.50 44,462.50 140,000 48,925.00 15 7/1/2009 3,502.50 3,502.50 140,000 47,965.00 16 1/1/2010 45,000 4.90% 3,502.50 48,502.50 95,000 52,005.00 17 711/2010 2,400.00 2,400.00 95,000 50,902.50 18 1/112011 45,000 5.00% 2,400.00 47,400.00 50,000 49,800.00 19 7/1/2011 1,275.00 1,275.00 50,000 48,675.00 20 111/2012 50,000 5.10% 1,275.00 51,275.00 0 52,550.00 21 7/1/2012 0.00 0.00 0 51,275.00 400,000 112,297.50 512,297.50 512,297.50 512,297.50 Discount: 0 0.00 Net Realized: 400,000 NIC ($): 112,297.50 Ave Life: 5.837500 NIC (%): 4.809315% Ave Coupon: 4.809315% Accrued interest: 0 Net + Accrued: 400,000 TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795038% Maximum*: 52,890.00 53,607.50 Minimum *: 47,965.00 48,925~00 Difference: 4,925.00 4,682.50 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2003B $ 225,000 Pmt # Date Principal Rate Interest I 7/1/2003 5,226.25 2 1/1/2004 20,000 4.10% 5,226.25 3 7/112004 4,816.25 4 111/2005 20,000 4.25% 4,816.25 5 7/1i2005 4,391.25 6 111/2006 20,000 4.35% 4,391.25 7 7/1/2006 3,956.25 8 1/1/2007 20,000 4.45% 3,956.25 9 7/1/2007 3,511.25 10 1/1/2008 20,000 4.55% 3,511.25 11 7/1/2008 3,056.25 12 111/2009 25,000 4.65% 3,056.25 13 71112009 2,475.00 14 1/1/2010 25,000 4.80% 2,475:00 15 7/1/2010 1,875.00 16 1/1/2011 25,000 4.90% 1,875.00 17 7/1/2011 1,262.50 18 1/1/2012 25,000 5.00%' 1,262.50 19 7/1/2012 637.50 20 111/2013 25,000 5.10% 637.50 21 7/112013 0.00 225,000 62,415,00 Total Payment 5,226.25 25,226.25 4,816.25 24,816.25 4,391.25 24,391.25 3,956.25 23,956.25 3,511.25 23,511.25 3,056.25 28,056.25 2,475.00 27,475.00 1,875.00 28,875.00. 1,262.50 26,262.50 637.50 25,637.50 0.00 287,415.00 Balance 225 000 225 000 205 000 205 000 185 000 185 000 165 000 165 000 145 000 145 000 125,000 125,000 100,000 100,000 75,000 75,000 50,000 50,000 25,000 25,000 0 0 Fiscal Year Bond Year Total Prat Total Prat 5,226.25 30,452.50 30,042.50 29,632.50 29,207.50 28,782.5O 28,347.50 27,912.50 27,467.50 27,022.50 26,567.50 31,112.50 30,531.25 29,950.00 29,350.00 28,750.00 28,137.50 27,525.00 26,900.00 26,275.00 25,637.50 287,415.00 287,415.00 Discount: 0 0.00 Net Realized: 225,000 NIC ($): 62,415.00 Ave Life: 5.777778 NIC (%): 4.801154% Ave Coupon: 4.801154% Accrued Interest: 0 Net + Accrued: 225,000 Maximum*: 30,531.25 31,112.50 Minimum *: 25,637.50 26,275.00 Difference: 4,893.75 4,837.50 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.787187% City of Chanhassen, Minnesota Water Distribution 2004B $ 225,000 Prat # Date I 7/1/2004 2 111/2005 3 7/1/2005 4 1/1/2006 5 7/112006 6 111/2007 7 711/2007 8 1/112008 9 7/1/2008 10 1/112009 11 7/1/2009 12 1/1/2010 13 7/1/2O 10 14 1/1/2011 15 7/1/2011 16 1/1/2012 17 7/1/2012 18 1/112013 19 7/112013 20 111/2014 21 7/1/2014 Total Principal Rate Interest Payment 5,226.25 5,226.25 20,000 4.10% 5,226.25 25,226.25 4,816.25 4,816.25 20,000 4.25% 4,816.25 24,816.25 4,391.25 4,391.25 20,000 4.35% 4,391.25 24,391.25 3,956.25 3,956.25 20,000 4.45% 3,956.25 23,956.25 3,511.25 3,511.25 20,000 4.55% 3,511.25 23,511.25 3,056.25 3,056.25 25,000 4.65% 3,056.25 28,056.25 2,475.00 2,475.00 25,000 4.80% 2,475.00 27,475.00 1,875.00 1,875.00 25,000 4.90% 1,875.00 26,875.00 1,262.50 1,262.50 25,000 5.00% 1,262.50 26,262.50 637.50 637.50 25,000 5.10% 637.50 25,637.50 0.00 0.00 225,000 62,415.00 287,415.00 Discount: 0 Net Realized: 225,000 NIC ($): Ave Life: 5.777778 NIC (%): Ave Coupon: 4.801154% Accrued Interest: 0 Net + Accrued: 225,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 62,415.00 4.801154% 5.291844% 4.787187% Balance 225 000 225 000 205000 205 000 185 000 185000 165.000 165 000 145 000 145 000 125 000 125 000 100,000 100,000 75,000 75,000 50,000 50,000 25,000 25,000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt 5,226.25 30,452.50 30,042,50 29,632.50 29,207.50 28,782.50 28,347.50 27,912.50 27,467.50 27,022,50 26,567.50 31,112.50 30,531.25 29,950.00 29,350.00 28,750.00 28,137.50 27,525.00 26,900.00 26,275.00 25,637.50 287,415.00 287,415.00 Maximum*: 30,531.25 31,112.50 Minimum *: 25,637.50 26,275.00 Difference: 4,893.75 4,837.50 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2005B $ 60,000 Pmt # Date Principal Rate 1 71112005 2 111/2006 5,000 4.10% 3 711/2006 4 1/112007 5,000 4.25% 5 7/1/2007 6 1/1/2008 5,000 4.35% 7 7/112008 8 11112009 5,000 4.45% 9 7/112009 10 111/2010 5,000 4.55% 11 7/1/2010 12 1/1/2011 5,000 4.65% 13 7/1/2011 14 1/112012 5,000 4.80% 15 7/112012 16 1/1/2013 5,000 4.90% 17 711/2013 18 11112014 10,000 5.00% 19 7/1/2014 20 1/1/2015 10,000 5.10% 21 7/1/2015 60,000. Discount: 0 Net Realized: 60,000 NIC ($): Ave Life: 6.166667 NIC (%): Ave Coupon: 4.850000% Accrued Interest: 0 Net + Accrued: 60,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Total Balance Fiscal Year Bond Year Interest Payment 60,000 Total Prat Total Prat 1,406.25 1,406.25 60,000 1,406.25 1,406.25 6,406.25 55,000 7,812.50 1,303.75 1,303.75 55,000 7,710.00 1,303.75 6,303.75 50,000 7,607.50 1,197.50 1,197.50 50,000 7,501.25 1,197.50 6,197.50 45,000 7,395.00 1,088.75 1,088.75 45,000 7,286.25 1,088.75 6,088.75 40,000 7,177.50 977.50 977.50 40,000 7,066.25 977.50 5,977.50 35,000 6,955.00 863.75 863.75 35,000 6,841.25 863.75 5,863.75 30,000 6,727.50 747.50 747.50 30,000 6,611.25 747.50 5,747.50 25,000 6,495.00 627.50 627.50 25,000 6,375.00 627.50 5,627.50 20,000 6,255.00 505.00 505.00 20,000 6,132.50 505.00 10,505.00 10,000 11,0.10.00 255.00 255.00 10,000 10,760.00 255.00 10,255.00 0 10,510.00 0.00 0.00 0 10,255.00 17,945.00 77,945.00 77,945.00 77r,945.00 0.00 17,945.00 4.850000% 5.291844% 4.835449% Maximum*: 10,760.00 11,010.00 Minimum *: 6,132.50 6,255.00 Difference: 4,627.50 4,755.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2006B $ 130,000 Prat # Date I 7/1/2006 2 11112007 3 71112007 4 111/2008 5 711/2008 6 1/1/2009 7 7/1/2009 8 1/1/2010 9 7/112010 10 1/1/2011 11 71112011 12 1/1/2012 13 71112012 14 1/1/2013 15 7/112013 16 1/1/2014 17 7/112014 18 11112015 19 7/1/2015 20 11112016 21 7/1/2016 Principal Rate 10,000 4.10% 10,000 4.25% 10,000 4.35% 10,000 4.45% 15,000 4.55% 15,000 4.65% 15,000 4.80% 15,000 4.90% 15,000 5.00% 15,000 5.10% 130,000 Discount: 0 Net Realized: 130,000 NIC ($): Ave Life: 5.961538 NIC (%): Ave Coupon: 4.808065% Accrued Interest: 0 Net + Accruecl: 130,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 3,032.50 3,032.50 2,827.50 - 2,827.50 2,615.00 2,615.00 2,397.50 2,397~50 2,175.00 2,175.00 1,833.75 1,833.75 1,485.00 1,485~00 1,125.00 1,125.00 757.50 757.50 382.50 382.50 0.00 37,262.50 0.00 37,262.50 4.808065% 5.291844% 4.7g496g% Total Payment 3,032.5O 13,032.50 2,827.50 12,827.50 2,615.00 12,615.00 2,397.50 12,397.50 2,175.00 17,175.00 1,833.75 16,833.75 1,485.00 16,485.00 1,125.00 16,125.00 757.50 15,757.50 382.50 15,382.50 0.00 167,262.50 Balance 130,000 130,000 120,000 120,000 110,000 110,000 100,000 100,000 90,000 90,000 75,000 75,000 60,000 60,000 45,000 45,000 30,0O0 30,000 15,000 15,000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt 3,032.50 16,065.00 15,860.00 15,655.00 15,442.50 15,230.00 15,012.50. 14,795.00 14,572.50 19,350.00 19,008.75 18,667.50 18,318.75 17,970.00 17,610:00 17,250.00 16,882.50 16,515.00 16,140.00 15,765.00 15,382.50 167,262.50 167,262.50 Maximum*: 19,008.75 19,350.00 Minimum *: 14,572.50 14,795.00 Difference: 4,436.25 4,555.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2007B $ 30,000 Total Prat # Date Principal Rate Interest Payment 1 7/1/2007 738.75 738.75 2 1/1/2008 4.10% 738.75 738.75 3 7/1/2008 738.75 738.75 4 1/112009 4.25% 738.75 738.75 5 7/1/2009 738.75 738.75 6 1/1/2010 4.35% 738.75 738.75 7 7/1/2010 738.75 738.75 8 1/112011 4.45% 738.75 738.75 9 7/1/2011 738.75 738.75 10 1/112012 4.55% 738.75 738.75 11 7/1/2012 738.75 738.75 12 1/112013 5,000 4.65% 738.75 5,738.75 13 7/1/2013 622.50 622.50 14 1/1/2014 5,000 4.80% 622.50 5,622.50 15 7/1/2014 502.50 502.50 16 1/1/2015 5,000 4.90% 502.50 5,502.50 17 7/1/2015 380.00 380.00 18 1/1/2016 5,000 5.00% 380.00 5,380.00 19 7/1/2016 255.00 255.00 20 111/2017 10,000 5.10% 255.00 10,255.00 21 7/1/2017 0.00 0.00 30,000 12,385.00 42,385.00 Discount: 0 Net Realized: 30,000 NIC ($): Ave Life: 8.333333 NIC (%): Ave Coupon: 4.954000% Accrued Interest: 0 Net + Accrued: 30,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 12,385.00 4.954000% 5.291844% 4.948940% Balance Fiscal Year Bond Year 30,000 Total Pmt Total Prat 30,000 738.75 30,000 1,477.50 30,000 1,477.50 30,000 1,477.50 30,000 1,477.50 30,000 1,477.50 30,000 1,477.50 30,000 1,477.50 30,000 1,477.50 30,000 1,477.50 30,000 1,477.50 25,000 6,477.50 25,000 6,361.25 20,000 6,245.00 20,000 6,125.00 15,000 6,005.00 15,000 5,882.50 10,000 5,760.00 10,000 5,635.00 0 10,510.00 0 10,255.00 42,385.00 42,385.00 Maximum*: 10,255.00 10,510.00 Minimum *: 5,635.00 5,760.00 Difference: 4,620.00 4,750.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2008B $ 70,000 Total Balance Fiscal Year Bond Year Pmt # Date Principal Rate Interest Payment 70,000 Total Pmt Total Prat I 7/1/2008 1,648.75 1,648.75 70,000 1,648.75 2 1/1/2009 5,000 4.10% 1;648.75 6,648.75 65,000 8,297.50 3 7/1/2009 1,546.25 1,546.25 65,000 8,195.00 4 1/112010 5,000 4.25% 1,546.25 6,546.25 60,000 8,092.50 5 7/1/2010 1,440.00 1,440.00 60,000 7,986.25 6 11112011 5,000 4.35% 1,440.00 6,440.00 55,000 7,880.00 7 7/1/2011 1,331.25 1,331.25 55,000 7,771.25 8 1/1/2012 5,000 4.45% 1,331.25 6,331.25 50,000 7,662.50 9 7/1/2012 1,220.00 1,220.00 50,000 7,551.25 10 1/1/2013 5,000 4.55% 1,220.00 6,220.00 45,000 7,440.00 11 7/1/2013 1,106.25 1,106.25 45,000 7,326.25 12 1/1/2014 5,000 4.65% 1,106.25 6,106.25 40,000 7,212.50 13 7/1/2014 990.00 990.00 40,000 7,096.25 14 1/1/2015 10,000 4.80% 990.00 10,990.00 30,000 11,980.00 15 7/1/2015 750.00 750.00 30,000 11,740.00 16 1/1/2016 10,000 4.90% 750.00 10,750.00 20,000 11,500.00 17 7/1/2016 505.00 505.00 20,000 11,255.00 18 1/1/2017 10,000 5.00% 505.00 10,505.00 10,000 11,010.00 19 7/1/2017 255.00 255.00 10,000 10,760.00 20 1/1/2018 10,000 5.10% 255.00 10,255.00 0 10,510.00 21 7/1/2018 0.00 0.00 0 10,255.00 70,000 21,585.00 91,585.00 91,585.00 91,585.00 Discount: 0 Net Realized: 70,000 NIC ($): Ave Life: 6.357143 NIC (%): Ave Coupon: 4.850562% Accrued Interest: 0 Net + Accrued: 70,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 21,585.00 4.850562% 5.291844% 4.838363% Maximum*: 11,740.00 11,980.00 Minimum *: 7,096.25 7,212.50 Difference: 4,643.75 4,767.50 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2009B $ 300,000 Total Pmt # Date Principal Rate Interest Payment I 7/1/2009 6,980.00 6,980.00 2 1/1/2010 25,000 4.10% 6,980.00 31,980.00 3 7/1/2010 6,467.50 6,467.50 4 1/1/2011 25,000 4.25% 6,467.50 31,467.50 5 7/1/2011 5,936.25 5,936.25 6 1/1/2012 25,000 4.35% 5,936.25 30,936.25 7 7/1/2012 5,392.50 5,392.50 8 1/1/2013 30,000 4.45% 5,392.50 35,392.50 9 7/1/2013 4,725.00 4,725.00 10 1/1/2014 30,000 4.55% 4,725.00 34,725.00 11 7/1/2014 4,042.50 4,042.50 12 1/1/2015 30,000 4.65% 4,042.50 34,042.50 13 7/1/2015 3,345.00 3,345.00 14 1/1/2016 30,000 4.80% 3,345.00 33,345.00 15 7/1/2016 2,625.00 2,625.00 16 111/2017 35,000 4.90% 2,625.00 37,625.00 17 7/1/2017 1,767.50 1,767.50 18 1/1/2018 35,000 5.00% - 1,767.50 36,767.50 19 7/1/2018 892.50 892.50 20 111/2019 35,000 5.10% 892.50 35,892.50 21 7/1/2019 0.00 0.00 300,000 84,347.50 384,347.50 DiscOunt: 0 Net Realized: 300,000 NIC ($): Ave Life: 5.850000 NIC (%): Ave Coupon: 4.806125% Accrued Interest: 0 Net + Accrued: 300,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 84,347.50 4.806125% 5.291844% 4.792136% Balance Fiscal Year Bond Year 300,000 Total Pmt Total Pmt 300,000 6,980.00 275,000 38,960.00 275,000 38,447.50 250,000 37,935.00 250,000 37,403.75 225,000 36,872.50 225,000 36,328.75 195,000 40,785.00 195,000 40,117.50 165,000 39,450.00 165,000 38,767.50 135,000 38,085.00 135,000 37,387.50 105,000 36,690.00 105,000 35,970.00 70,000 40,250.00 70,000 39,392.50 35,000 38,535.00 35,000 37,660.00 0 36,785.00 0 35,892.50 384,347.50 384,347.50 Maximum*: 40,117.50 40,785.00 Minimum *: 35,892.50 36,690.00 Difference: 4,225.00 4,095.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2010B $ 270,000 Total Balance Fiscal Year Bond Year Pmt # Date Principal Rate Interest Payment 270,00'0 Total Pmt Total Prat 1 71112010 6,288.75 6,288.75 270,000 6,288.75 2 1/1/2011 20,000 4.10% 6,288.75 26,288.75 250,000 32,577.50 3 7/112011 5,878.75 5,878.75 250,000 32,167.50 4 1/1/2012 25,000 4.25% 5,878.75 30,878.75 225,000 30,757.50 5 7/1/2012 5,347.50 5,347.50 225,000 36,226.25 6 111/2013 25,000 4.35% 5,347.50 30,347.50 200,000 35,695.00 7 7/1/2013 4,803.75 4,803.75 200,000 35,151.25 8 1/1/2014 25,000 4.45% 4,803.75 29,803.75 175,000 34,607.50 9 7/1/2014 4,247.50 4,247.50 175,000 34,051.25 10 1/1/2015 25,000 4.55% - 4,247.50 .29,247.50 150,000 33,495.00 11 7/1/2015 3,678.75 3,678.75 150,000 32,926.25 12 1/1/2016 25,000 4.65% 3,678.75 28,678.75 125,000 32,357.50 13 7/1/2016 3,097.50 3,097.50 125,000 31,776.25 14 1/1/2017 30,000 4.80% 3,097.50 33,097.50 95,000 36,195.00 15 7/1/2017 2,377.50 2,377.50 95,000 35,475.00 16 1/112018 30,000 4.90% 2,377.50 32,377.50 65,000 34,755.00 17 7/1/2018 1,642.50 ~ 1,642.50 65,000 34,020.00 18 1/1/2019 30,000 5.00% 1,642.50 31,642.50 35,000 33,285.00 19 7/1/2019 892.50 892.50 35,000 32,535.00 20 1/1/2020 35,000 5.10% 892.50 35,892.50 0 36,785.00 21 7/1/2020 0.00 ~0.00 0 35,892.50 270,000 76,510.00 346,510.00 346,510.00 346,510.00 Discount: 0 0.00 Net Realized: 270,000 NIC ($): 76,5'10.00 Ave Life: 5.888889 NIC (%): 4.811950% Ave Coupon: 4.811950% Accrued Interest: 0 Net + Accrued: 270,000 Maximum*: 36,226.25 36,785.00 Minimum *: 31,776.25 32,357.50 Difference: 4,450.00 4,427.50 Max and Min.does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.797693% City of Chanhassen, Minnesota Water Distribution 2011B $ 35,000 Total Balance Fiscal Year Bond Year Prat # Date Principal Rate Interest Payment 35,000 Total Pmt Total Pmt 1 7/1/2011 852.50 852.50 35,000 852.50 2 1/112012 4.10% 852.50 852.50 35,000 1,705.00 3 7/1/2012 852.50 852.50 35,000 1,705.00 4 1/1/2013 4.25% 852.50 852.50 35,000 1,705.00 5 7/1/2013 852.50 852.50 35,000 1,705.00 6 1/1/2014 4.35% 852.50 852.50 35,000 1,705.00 7 7/1/2014 852.50 852.50 35,000 1,705.00 8 1/1/2015 4.45% 852.50 852.50 35,000 1,705.00 9 7/1/2015 852.50 852.50 35,000 1,705.00 10 1/1/2016 5,000 4.55% 852.50 5,852.50 30,000 6,705.00 11 7/1/2016 738.75 738.75 30,000 6,591.25 12 1/1/2017 5,000 4.65% 738.75 5,738.75 25,000 6,477.50 13 7/1/2017 622.50 622.50 25,000 6,361.25 14 1/1/2018 5,000 4.80% 622.50 5,622.50 20,000 6,245.00 15 7/1/2018 502.50 502.50 20,000 6,125.00 16 1/1/2019 5,000 4.90% 502.50 5,502.50 15,000 6,005.00 17 7/1/2019 380.00 380.00 15,000 5,882.50 18 1/1/2020 5,000 5.00% 380.00 5,380.00 10,000 5,760.00 19 7/1/2020 255.00 255.00 10,000 5,635.00 20 1/1/2021 10,000 5.10% 255.00 10,255.00 0 10,510.00 21 7/1/2021 0.00 0.00 0 10,255.00 35,000 13,522.50 48,522.50 48,522.50 48,522.50 Discount: 0 Net Realized: 35,000 NIC ($): Ave Life: 7.857143 NIC (%): Ave Coupon: 4.917273% Accrued Interest: 0 Net + Accrued: 35,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 13,522.50 4.917273% 5.291844% 4.909917% MaXimum*: 10,255.00 10,510.00 Minimum *: 5,635.00 5,760.00 Difference: 4,620.00 4,750.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2012B $ 90,000 Prat # Date Principal Rate I 7/1/2012 2 1/1/2013 5,000 4.10% 3 7/1/2013 4 1/1/2014 5,000 4~25% 5 7/1/2014 6 1/1/2015 10,000 4.35% 7 7/1/2015 8 1/1/2016 10,000 4.45% 9 7/112016 10 1/1/2017 10,000 4.55% 11 7/1/2017 12 1/1/2018 10,000 4.65% 13 7/1/2018 14 1/1/2019 10,000 4.80% 15 7/1/2019 16 1/1/2020 10,000 4.90% 17 7/1/2020 18 1/1/2021 10,000 5.00% 19 7/1/2021 20 1/1/2022 10,000 5.10% 21 7/1/2022 90,000 Discount: 0 Net Realized: 90,000 NIC ($): Ave Life: 5.944444 NIC (%): Ave Coupon: 4.796262% Accrued Interest: 0 Net + Accrued: 90,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 2,098.75 2,098.75 1,gg6.25 1,996.25 1,890.00 1,890.00 1,672.50 1,672.50 1,450.00 1,450.00 1,222.50 1,222.50 990.00 990.00 750.00 750.00 505.00 505.00 255.00 255.00 0.00 25,660.00 0.00 25,660.00 4.798262% 5.291844% 4.782962% Total Payment 2,098.75 7,098.75 1,996.25 6,996.25 1,890.00 11,890.00 1,672.50 11,672.50 1,450.00 11,450.00 1,222.50 11,222.50 990.00 10,990.00 750.00 10,750.00 505.00 10,505.00 255.00 10,255.00 0.00 115,660.00 Balance Fiscal Year Bond Year 90,000 Total Pmt Total Pmt 90,000 2,098.75 85,000 9,197.50 85,000 9,095.00 80,000 8,992.50 80,000 8,886.25 70,000 13,780~00 70,000 13,562.50 60,000 13,345.00 60,000 13,122.50 50,000 12,900.00 50,000 12,672.50 40,000 12,445.00 40,000 12,212.50 30,000 11,980.00 30,000 11,740.00 20,000 11,500.00 20,000 '11,255.00 10,000 11,010.00 10,000 10,760.00 0 - 10,510.00 0 10,255.00 115,660.00 115,660.00 Maximum*: 13,562.50 13,780.00 Minimum *: 8,886.25 8,992.50 Difference: 4,676.25 4,787.50 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2013B $ 40,000 Total Pmt # Date Principal Rate Interest Payment I 7/1/2013 963.75 963.75 2 1/1/2014 4.10% 963.75 963.75 3 7/112014 963.75 963.75 4 111/2015 4.25% 963.75 963.75 5 7/1/2015 963.75 963.75 6 1/1/2016 4.35% 963.75 963.75 7 7/1/2016 963.75 963.75 8 1/1/2017 5,000 4.45% 963.75 5,963.75 9 7/1/2017 852.50 852.50 10 1/1/2018 5,000 4.55% 852.50 5,852.50 11 7/1/2018 738.75 738.75 12 1/1/2019 5,000 4.65% 738.75 5,738.75 13 7/1/2019 622.50 622.50 14 1/1/2020 5,000 4.80% 622.50 5,622.50 15 7/1/2020 502.50 502.50 16 1/1/2021 5,000 4.90% 502.50 5,502.50 17 711/2021 '380.00 380.00 18 1/1/2022 5,000 5.00% 380.00 5,380.00 19 7/1/2022 255.00 255.00 20 1/1/2023 10,000 5.10% 255.00 10,255.00 21 7/1/2023 0.00 0.00 40,000 14,412.50 54,412.50 Balance Fiscal Year Bond Year 40,000 Total Prat Total Pmt 40,000 963.75 40,000 1,927.50 40,000 1,927.50 40,000 1,927,50 40,000 1,927.50 40,000 1,927.50 40,000 1,927.50 35,000 6,927.50 35,000 6,816.25 30,000 6,705.00 30,000 6,591.25 25,000 6,477.50 25,000 6,361.25 20,000 6,245.00 20,000 6,125.00 15,000 6,005.00 15,000 5,882.50 10,000 5,760.00 10,000 5,635.00 0 10,510.00 0 10,255.00 54,412.50 54,412.50 Discount: 0 0.00 Net Realized: 40,000 NIC ($): 14,412.50 Ave Life: 7.375000 NIC (%): 4.885593% Ave Coupon: 4.885593% Accrued Interest: 0 Net + Accrued: 40,000 Maximum*: 10,255.00 10,510.00 Minimum *: 5,635.00 5,760.00 Difference: 4,620.00 4,750.00 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.875846% City of Chanhassen, Minnesota Water Distribution 2014B $ 40,000 Total Prat # Date Principal Rate Interest Payment 1 7/1/2014 963.75 963.75 2 1/1/2015 4.10% 963.75 963.75 3 7/1/2015 963.75 903.75 4 1/1/2016 4.25% 963.75 963.75 5 7/1/2016 963.75 963.75 6 1/1/2017 4.35% 963.75 963.75 7 7/1/2017 963.75 963.75 8 1/1/2018 5,000 4.45% 963.75 5,963.75 9 7/1/2018 852.50 852.50 10 1/1/2019 5,000 4.55% 852.50 5,852.50 11 7/1/2019 738.75 738.75 12 1/1/2020 5,000 4.65% 738.75 5,738.75 13 7/1/2020 622.50 622.50 14 i/1/2021 5,000 4.80% 622.50 5,622.50 15 7/1/2021 502.50 502.50 16 1/1/2022 5,000 4.90% 502.50 5,502.50 17 7/1/2022 380.00 380.00 18 1/1/2023 5,000 5.00% 380.00 5,380.00 19 7/1/2023 255.00 255.00 20 1/1/2024 10,000 5.10% 255.00 10,255.00 21 7/1/2024 0.00 0.00 40,000 14,412.50 54,412.50 Balance 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 35,000 35 000 30 000 30 000 25 000 25 000 20 000 20 000 15 000 15 000 10 000 10 000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt 963.75 1,927.50 1,927.50 1,927.50 1,927.50 1,927.50 1,927.50 6,927.50 6,816.25 6,705.00 6,591.25 6,477.50 6,361.25 6,245.00 6,125.00 6,005.00 5,882.50 5,760.00 5,635.00 10,510.00 10,255.00 54,412.50 54,412.50 Discount: 0 0.00 Net Realized: 40,000 NIC ($): 14,412.50 Ave Life: 7.375000 NIC (%): 4.885593% Ave Coupon: 4.885593% Accrued Interest: 0 Net + Accrued: 40,000 Maximum*: 10,255.00 10,510.00 Minimum *: 5,635.00 5,760.00 Difference: 4,620.00 4,750.00 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.875846% City of Chanhassen, Minnesota Water Distribution 2015B $ 75,000 Total Prat # Date Principal Rate Interest Payment 1 7/1/2015 1,765.00 1,765.00 2 1/1/2016 5,000 4.10% 1,765.00 6,765.00 3 7/1/2016 1,662.50 1,662.50 4 1/1/2017 5,000 4.25% 1,662.50 6,662.50 5 7/1/2017 1,556.25 1,556.25 6 1/1/2018 5,000 4.35% 1,556.25 6,556.25 7 7/1/2018 1,447.50 1,447.50 8 1/1/2019 5,000 4.45% 1,447.50 6,447.50 9 7/112019 1,336.25 1,336.25 10 1/1/2020 5,000 4.55% 1,336.25 6,336.25 11 7/1/2020 1,222.50 1,222.50 12 1/1/2021 10,000 4.65% 1,222.50 11,222.50 13 7/1/2021 990.00 990.00 14 111/2022 10,000 4.80% 990.00 10,990.00 15 7/1/2022 750.00 750.00 16 1/1/2023 10,000 4.90% 750.00 10,750.00 17 7/1/2023 505.00 505.00 18 1/1/2024 10,000 5.00% 505.00 10,505.00 19 7/1/2024 255.00 255.00 20 1/1/2025 10,000 5.10% 255.00 10,255.00 21 7/1/2025 0.00 0.00 75,000 22,980.00 97,980.00 Balance 75.000 75.000 70.000 70 000 65 000 65000 60,000 60 000 55 000 55 000 50 000 50 000 40 000 40 000 30 000 30,000 20,000 20,000 10,000 10,000 0 0 Fiscal Year Bond Year Total Prat Total Pmt 1,765.00 8,530.00 8,427.50 8,325.00 8,218.75 8,112.50 8,003.75 7,895.00 7,783.75 7,672.50 7,558.75 12,445.00 12,212.50 11,980.00 11,740.00 11,500.00 11,255.00 11,010.00 10,760.00 10,510.00 10,255.00 97,980.00 97,980.00 Discount: 0 0.00 Net Realized: 75,000 NIC ($): 22,980.00 Ave Life: 6.333333 NIC (%): 4.837895% Ave Coupon: 4.837895% Accrued Interest: 0 Net + Accrued: 75,000 Maximum*: 12,212.50 12,445.00 Minimum *: 7,558.75 7,672.50 Difference: 4,653.75 4,772.50 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.826098% City of Chanhassen, Minnesota Water Distribution 2016B $ 350,000 Prat # Date 1 711/2016 2 1/112017 3 7/1/2017 4 1/1/2018 5 7/1/2018 6 111/2019 7 711/2019 8 1/1/2020 9 7/112020 10 1 I112021 11 7/1/2021 12 111/2022 13 7/1/2022 14 1/1/2023 15 7/1/2023 16 11112024 17 711/2024 18 1/1/2025 19 711/2025 20 1/1/2026 21 711/2026 Principal Rate Interest 8,150.00 30,000 4.10% 8,150.00 7,535.00 30,000 4.25% 7,535.00 6,897.50 30,000 4.35% 6,897.50 6,245.00 30,000 4.45% 6,245.00 5,577.50 35,000 4.55% 5,577.50 4,781.25 35,000 4.65% 4,781.25 3,967.50 35,000 4.80% 3,967.50 3,127.50 40,000 4.90% 3,127.50 2,147.50 40,000 5.00% 2,147.50 1,147.50 45,000 5.10% 1,147.50 0.00 350,000 99,152.50 Discount: 0 Net Realized: 350,000 NIC ($): Ave Life: 5.885714 NIC (%): Ave Coupon: 4.813228% Accrued Interest: 0 Net + Accrued: 350,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 99,152.50 4.813228% 5.291844% 4.799067% Total Payment 8,150.00 38,150.00 7,535.00 37 535.00 6 897.50 36 897.50 6 245.00 36 245.00 5 577.5O 40 577.50 4 781.25 39 781.25 3 967.50 38 967.50 3 127.50 43 127.50 2,147.50 42,147.50 1,147.50 46,147.50 0.00 449,152.50 Balance 350 000 350 000 320 000 320 000 290 000 290 000 260 000 260 000 23O 000 230 000 195 000 195 000 160 000 160 000 125 000 125,000 85,000 85,000 45,000 45,000 0 0 Fiscal year TotaI Pmt 8,150.00 45,685.00 44,432.50 43,142~50 41,822.50 45,358.75 43,748.75 42,095.00 45,275.00 43,295.00 46,147.50 449,152,50 Bond Year TotaI Pmt 46,300.00 45,070.00 43,795. OO 42,490.00 46,155.00 44,562.50 42,935.00 46,255.00 44,295.00 47,295.00 449,152.50 Maximum*: 46,147.50 47,295.00 Minimum *: 41,822.50 42,490.00 Difference: 4,325.00 4,805.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2017B $ 45,000 Total Prat # Date Principal Rate Interest Payment 1 7/1/2017 1,072.50 1,072.50 2 1/1/2018 4.10% 1,072.50 1,072.50 3 7/1/2018 1,072.50 1,072.50 4 1/112019 4.25% 1,072.50 1,072.50 5 7/1/2019 1,072.50 1,072.50 6 1/1/2020 5,000 4.35% 1,072.50 6,072.50 7 7/1/2020 963.75 963.75 8 1/1/2021 5,000 4.45% 963.75 5,963.75 9 7/1/2021 852.50 852.50 10 1/1/2022 5,000 4.55% 852.50 5,852.50 11 7/1/2022 738.75 738.75 12 1/1/2023 5,000 4.65% 738.75 5,738.75 13 7/1/2023 622.50 622.50 14 1/1/2024 5,000 4.80% 622.50 5,622.50 15 7/1/2024 502.50 502.50 16 1/1/2025 5,000 4.90% 502.50 5,502.50 17 7/1/2025 380.00 380.00 18 1/1/2026 5,000 5.00% 380.00 5,380.00 19 7/1/2026 255.00 255.00 20 1/1/2027 10,000 5.10% 255.00 10,255.00 21 7/112027 0.00 0.00 45,000 15,065.00 60,065.00 Balance Fiscal Year Bond Year 45,000 Total Prat Total Prat 45,000 1,072.50 45,000 2,145.00 45,000 2,145.00 45,000 2,145.00 45,000 2,145.00 40,000 7,145,00 40,000 7,036.25 35,000 6,927.50 35,000 6,816.25 30,000 6,705.00 30,000 6,591.25 25,000 6,477.50 25,000 6,361.25 20,000 6,245.00 20,000 6,125.00 15,000 6,005.00 15,000 5,882.50 10,000 5,760.00 10,000 5,635.00 0 10,510.00 0 10,255.00 60,065.00 60,065.00 Discount: 0 0.00 Net Realized: 45,000 NIC ($): 15,065.00 Ave Life: 6.888889 NIC (%): 4.859677% Ave Coupon: 4.859677% Accrued Interest: 0 Net + Accrued: 45,000 Maximum*: 10,255.00 10,510.00 Minimum *: 5,635.00 5,760.00 Difference: 4,620.00 4,750.00 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): . 4.847578% City of Chanhassen, Minnesota Water Distribution 2018B $ 95,000 Total Pmt # Date Principal Rate Interest Payment 1 7/112018 2,205.00 2,205.00 2 1/112019 5,000 4.10% 2,205.00 - 7,205.00 3 7/1/2019 2,102.50 2,102.50 4 1/1/2020 10,000 4.25% 2,102.50 12,102.50 5 7/1/2020 1,890.00 1,890.00 6 1/1/2021 10,000 4.35% · 1,890.00 11,890.00 7 7/1/2021 1,672.50 1,672.50 8 1/112022 10,000 4.45% 1,672.50 11,672.50 9 7/1/2022 1,450.00 1,450.00 10 1/1/2023 10,000 4.55% 1,450.00 11,450.00 11 7/1/2023 1,222.50 1,222.50 12 1/1/2024 10,000 4.65% 1,222.50 11,222.50 13 7/1/2024 990.00 990.00 14 1/1/2025 10,000 4.80% 990.00 10,990.00 15 7/1/2025 750.00 750.00 16 1/1/2026 10,000 4.90% 750.00 10,750.00 17 7/1/2026 505.00 505.00 18 1/112027 10,000 5.00% 505.00 10,505.00 19 7/1/2027 255.00 255.00 20 1/1/2028 10,000 5.10% 255.00 10,255.00 21 7/1/2028 0.00 0.00 95,000 26,085.00 121,085.00 Discount: 0 0.00 Net Realized: 95,000 NIC ($): 26,085.00 Ave Life: 5.736842 NIC(%): 4.786239% Ave Coupon: 4.786239% Accrued Interest: 0 Net + Accrued: 95,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 5.291844% 4.772041% Balance Fiscal year 95,000 Total Pmt 95,000 2,205.00 90,000 90,000 9,307.50 80,000 80,000 13,992.50 70,000 70,000 13,562.50 60,000 60,000 13,122.50 50,000 50,000 12,672.50 40,000 40,000 12,212.50 30,000 30,000 11,740.00 20,000 20,000 11,255.00 10,000 10,000 10,760.00 0 0 10,255.00 121,085.00 Bond Year Total Prat 9,410.00 14,205.00 13,780.00 13,345.00 12,900.00 12,445.00 11,980.00 11,500.00 11,010.00 10,510.00 121,085.00 Maximum*: 13,992.50 14,205.00 Minimum *: 9,307.50 9,410.00 Difference: 4,685.00 4,795.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2019B $ 445,000 Prat # Date 1 7/112019 2 1/112020 3 7/112020 4 1/1/2021 5 7/112021 6 1/1/2022 7 7/1/2022 8 1/112023 9 7/1/2023 10 1/1/2024 11 7/1/2024 12 1/1/2025 13 7/1/2025 14 1/1/2026 15 7/1/2026 16 1/1/2027 17 7/1/2027 18 1/1 ~2028 19 7/1 ~2028 20 1/1/2029 21 7/1/2029 Total Principal Rate Interest Payment 10,355.00 10,355.00 35,000 4.10% 10,355.00 45,355.00 9,637.50 9,637.50 40,000 4.25% 9,637.50 49,637.50 8,787.50 8,787.50 40,000 4.35% 8,787.50 -48,787.50 7,917.50 7,917.50 40,000 4.45% 7,917.50 47,917.50 7,027.50 7,027.50 45,000 4.55% 7,027.50 52,027.50 6,003.75 6,003.75 45,000 4.65% 6,003.75 51,003.75 4,957.50 4,957.50 45,000 4.80% 4,957.50 49,957.50 3,877.50 3,877.50 50,000 · 4.90% 3,877.50 53,877.50 2,652.50 2,652.50 50,000 5.00% 2,652.50 52,652.50 1,402.50 1,402.50 55,000 5.10% 1,402.50 56,402.50 0.00 0.00 445,000 125,237.50 570,237.50 Discount: 0 Net Realized: 445,000 NIC ($): Ave Life: 5.853933 NIC (%): Ave Coupon: 4.807582% Accrued Interest: 0 Net + Accrued: 445,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 125,237.50 4.807582% 5.291844% 4.793388% Balance 445 000 445 000 410 000 410 000 370 000 370 000 330 000 330.000 290 000 290 000 245,000 245,000 200,000 200,000 155,000 155,000 105,000 105,000 55,000 55,000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt! 10,355.00 55,710.00 54,992.50 59,275.00 58,425.00 ~57,575.00 56,705.00 55,835.00 54,945.00 59,055.00 58,031.25 57,007.50 55,961.25 54,915.00 53,835.00 57,755.00 56,530.00 55,305.00 54,055.00 57,805.00 56,402.50 570,237.50 570,237.50 Maximum*: 58,425.00 59,275.00 Minimum *: 53,835.00 54,915.00 Difference: 4,590.00 4,360.00 Max and Min does not include first paym periods with no principal payments. City ofChanhassen, Minneso~ Water Distribution 2020B $ 305,000 Total Prat # Date Principal Rate Interest Payment 1 7/1/2020 7,107.50 7,107.50 2 1/1/2021 25,000 4.10% 7,107.50 32,107.50 3 7/lr2021 6,595.00 6,595.00 4 1/1/2022 25,000 4.25% 6,595.00 31,595.00 5 711/2022 6,063.75 6,063.75 6 1/1/2023 25,000 4.35% 6,063.75 31,063.75 7 7/1/2023 5,520.00 5,520.00 8 1/1/2024 30,000 4.45% 5,520.00 35,520.00 9 7/1/2024 4,852.50 4,852.50 10 111/2025 30,000 4.55% 4,852.50 34,852.50 11 7/1/2025 4,170.00 4,170.00 12 1/1/2026 30,000 4.65% 4,t70:00' 34,17~00 13 7/1/2026 3,472.50 3,472.50 14 1/1/2027 30,000 4.80% 3,472.50 33,472.50 15 7/lr2027 2,752.50 2,752.50 16 1/1/2028 35,000 4.90% 2,752.50 37,752.50 17 7/1/2028 1,895.00 1,895.00 18 1/1/2029 35,000 5.00% 1,895.00 36,895.00 19 7/1/2029 1,020.00 1,020.00 20 1/lr2030 40,000 5.10% 1,020.00 41,020.00 21 7/1/2030 0.00 0.00 305,000 86,897.50 391,897.50 Discount: 0 Net Realized: 305,000 NIC ($): Ave Life: 5.918033 NIC (%): Ave Coupon: 4.814266% Accrued Interest: 0 Net + Accrued: 305,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 86,897.50 4.814266% 5.291844% 4.800135% Balance FiscalYear Bond Year 305,000 TotalPmt TotalPmt 305,000 7,107.50 280,000 39,215.00 280,000 38,702.50 255,000 38,190.00 255,000 37,658.75 230,000 37,127.50 230,000 36,583.75 200,000 41,040.00 200,000 40,372.50 170,000 39,705.00 170,000 39,022.50 140,000 38,340.00 140,000 37,642.50 110,000 36,945.00 110,000 36,225.00 75,000 40,505.00 75,000 39,647.50 40,000 38,790.00 40,000 37,915.00 0 42,040.00 0 41,020.00 391,897.50 391,897.50 Maximum*: 41,020.00 42,040.00 Minimum *: 36,225.00 36,945.00 'Difference: 4,795.00 5,095.00 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 1999A $ 75,000 Total Balance Fiscal Year Bond Year Pmt # Date Principal Rate Interest Payment 75,000 Total Pmt Total Pmt I 7/1/2000 1,765.00 1,765.00 75,000 1,765.00 2 1/1/2001 5,000 4.10% 1,765.00 6,765.00 70,000 8,530.00 3 7/1/2001 1,662.50 1,662.50 70,000 8,427.50 4 111/2002 5,000 4.25% 1,662.50 6,662.50 65,000 8,325.00 5 7/1/2002 1,556.25 1,556.25 65,000 8,218.75 6 1/1/2003 · 5,000 4.35% 1,556.25 6,556.25 60,000 8,112.50 7 7/1/2003 1,447.50 1,447.50 60,000 8,003.75 8 1/1/2004 5,000 4.45% 1,447.50 6,447.50 55,000 7,895.00 9 7/1/2004 1,336.25 1,336.25 55,000 7,783.75 10 1/1/2005 5,000 4.55% 1,336.25 6,336.25 50,000 7,672.50 11 7/1/2005 1,222.50 1,222.50 50,000 7,558.75 12 1/1/2006 10,000 4.65% 1,222.50 11,222.50 40,000 12,445.00 13 7/1/2006 990.00 990.00 40,000 12,212.50 14 ~ 1/1/2007 10,000 4.80% 990.00 10,990.00 30,000 11,980.00 15 7/1/2007 750.00 750.00 30,000 11,740.00 16 1/1/2008 10,000 4.90% 750.00 10,750.00 20,000 11,500.00 17 7/1/2008 505.00 505.00 20,000 11,255.00 18 1/1/2009 10,000 5.00% 505.00 10,505.00 10,000 11,010.00 19 7/1/2009 255.00 255.00 10,000 10,760.00 20 1/1/2010 10,000 5.10% 255.00 10,255.00 0 10,510.00 21 7/1/2010 0.00 0.00 0 10,255.00 75,000 22,980.00 97,980.00 97,980.00 97,980.00 Discount: 0 0.00 Net Realized: 75,000 NIC ($): 22,980.00 Ave Life: 6.333333 NIC (%): 4.837895% Ave Coupon: 4.837895% Accrued Interest: 0 Net + Accrued: 75,000 Maximum*: 12,212.50 12,445.00 Minimum *: 7,558.75 7,672.50 Difference: 4,653.75 4,772.50 Max and Min does not include first payme pedods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.826098% CityofChanhassen, Minnesota Sanitary Sewer 2000A $ 380,000 Pmt # Date I 7/1/2000 2 ' 1/1/2001 3 7/1/2001 4 1/1/2002 5 7/1/2002 6 111/2003 7 7/1/2003 8 1/1/2004 9 7/1/2004 10 1/1/2005 11 7/1/2005 12 1/1/2006 13 7/1/2006 14 1/1/2007 15 7/1/2007 16 1/1/2008 17 7/1/2008 18 1/1/200g 19 7/1/2009 20 1/1/2010 21 7/1/2010 Total Balance FiscalYear Bond Year Principal RMe Intemst Payment 380,000 TotalPmt To~lPmt 8,853.75 8,853.75 380,000 8,853.75 30,000 4.10% 8,853.75 38~853.75 350,000 47,707.50 8,238.75 8,238.75 350,000 47,092.50 30,000 4.25% 8,238.75 38,238.75 320,000 46,477.50 7,601.25 7,601.25 320,000 45,840.00 35,000 4.35% 7,601.25 42,601.25 285,000 50,202.50 6,840.00 6,840.00 285,000 49,441.25 35,000 4.45% 6,840.00 41,840.00 250,000 48,680.00 6,061.25 6,061.25 250,000 47,901.25 35,000 4.55% . 6,061.25 41,061.25 215,000 47,122.50 5,265.00 5,265.00 215,000 46,326.25 40,000 4.65% 5,265.00 45,265.00 175,000 50,530.00 4,335.00 4,335.00 175,000 49,600.00 40,000 4.80% 4,335.00 44,335.00 135,000 48,670.00 3,375.00 3,375.00 135,000 47,710.00 45,000 4.90% 3,375.00 48,375.00 90,000 51,750.00 2,272.50 2,272.50 90,000 50,647.50 45,000 5.00% 2,272.50 47,272.50 45,000 49,545.00 1,147.50 1,147.50 45,000 48,420.00 45,000 5.10% 1,147.50 46,147.50 0 47,295.00 0.00 0.00 0 46,147.50 380,000 107,980.00 487,980.00 487,980.00 487,980.00 Discount: 0 Net Realized: 380,000 NIC ($): Ave Life: 5.907895 NIC (%): Ave Coupon: 4.809800% Accrued Interest: 0 Net + Accrued: 380,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 107,980.00 4.809800% 5.291844% 4.796036% Maximum*: 50,647.50 51,750.00 Minimum *: 45,840.00 46,477.50 Difference: 4,807.50 5,272.50 Max and Min does not include first payme periods with no principal payments. City ofChanhassen, Minnesota Sanitary Sewer 2001A $ 595,000 Prat # Date 1 7/1/2001 2 1/1/2002 3 7/1/2002 4 1/1/2003 5 7/1/2003 6 1/1/2004 7 7/1/2004 8 1/1/2005 9 7/1/2005 10 1/1/2006 11 7/1/2006 12 1/1/2007 13 711/2007 14 1/1/2008 15 7/1/2008 16 1/1/2009 17 7/1/2009 18 1/1/2010 19 7/1/2010 20 1/1/2011 21 7/1/2011 Total Pdncipal Rate Interest Payment 13,860.00 13,860.00 50,000 4.10% 13,860.00 63,860.00 12,835.00 12,835.00 50,000 4.25% 12,835.00 62,835.00 11,772.50 11,772.50 50,000 4.35% 11,772.50 61,772.50 10,685.00 10,685.00 55,000 4.45% 10,685.00 65,685.00 9,461.25 9,461.25 55,000 ~ 4.55% 9,461.25 64,461.25 8,210.00 8,210.00 60,000 4.65% 8,210.00 68,210.00 6,815.00 6,815.00 65,000 4.80% 6,815.00 71,815.00 5,255.00 5,255.00 65,000 4.90% 5,255.00 70,255.00 3,662.50 3,662.50 70,000 5.00% 3,662.50 73,662.50 1,912.50 1,912.50 75,000 5.10% 1,912.50 76,912.50 0.00 0.00 595,000 168,937.50 763,937.50 Balance 595,000 595,000 545,000 545,000 495,000 495,000 445 000 445 000 390 000 390 000 335 000 335 000 275 000 275 000 210 000 210 000 145.000 145000 75,000 75,000 0 0 FiscalYear Bond Year TotalPmt To~lPmt 13,860.00 77,720.00 76,695.00 75,670.00 74,607.50 73,545.00 72,457.50 76,370.00 751146.25 73,922.50 72,671.25 76,420.00 75,025.00 78,630.00 77,070.00 75,510.00 73,917.50 77,325.00 75,575.00 78,825.00 76,912.50 763,937.50 763,937.50 Discount 0 0.00 Net Realized: 595,000 NIC($): 168,937.50 Ave Life: 5.899160 NIC (%): 4.813034% Ave Coupon: 4.813034% Accrued Interest: 0 Net + Accrued: 595,000 Maximum*: 77,070.00 78,825.00 Minimum *: 72,457,50 73,545.00 Difference: 4,612.50 5,280.00 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date):. 4.799021% City ofChanhassen, Minnesota Sanitary Sewer 2002A $ 4t0,000 Pmt # Date 1 7/1/2002 2 1/1/2003 3 7/1/2003 4 1/lr2004 5 7/1/2004 6 111/2005 7 711/2005 8 1/1/2006 9 7/1/2006 10 1/1/2007 11 7/1/2007 12 1/1/2008 13 7/1/2008 14 1/1/2009 15 7/1/2OO9 16 1/1/2010 17 7/1/2010 18 1/1/2011 19 7/1/2011 20 1/1/2012 21 7/1/2012 T~al Principal Ram Intem~ Payment 9,548.75 9,548.75 35,000 4.10% 9,548.75 44,548.75 8,831.25 8,831.25 35,000 4.25% 8,831.25 43,831.25 8,087.50 8,087.50 35,000 4.35% 8,087.50 43,087.50 7,326.25 7,326.25 35,000 4.45% 7,326.25 42,326.25 6,547.50 '6,547.50 40,000 4.55% 6,547.50 46,547.50 5,637.50 5,637.50 40,000 4.65% 5,637.50 45,637.50 4,707.50 4,707.50 45,000 4.80% 4,707.50 49,707.50 3,627.50 3,627.50 45,000 4.90% 3,627.50 48,627.50 2,525.00 2,525.00 50,000 5.00% 2,525.00 52,525.00 1,275.00 1,275.00 50,000 5.10% ~,275.00 51,275.00 0.00 0.00 410,000 116,227.50 526,227.50 Discount:. 0 Net Realized: 410,000 NIC ($): Ave Life: 5.890244 NIC (%): Ave Coupon: 4.812733% Accrued Interest: 0 Net + Accrued: 410,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 116,227.50 4.812733% 51291844% 4.798770% B~ance FiscalYear Bond Year 410,000 TotalPmt TotalPmt 410,000 9,548.75 375,000 54,097.50 375,000 53,380.00 340,000 52,662.50 340,000 51,918.75 305,000 51,175.00 305,000 50,413175' 270,000 49,652.50 270,000 48,873.75 230,000 53,095.00 230,000 52,185.00 190,000 51,275.00 190,000 50,345.00 145,000 54,415.00 145,000 53,335.00 100,000 52,255100 100,000 51,152.50 50,000 55,050.00 50,000 53,800.00 0 52,550.00 0 51,275.00 526,227.50 526,227.50 Maximum*: 53,800.00 55,050.00 Minimum *: 48,873.75 49,652.50 Difference: 4,926.25 5,397.50- Max and Min does not include first payme pedods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2003A $ 325,000 Total Prnt # Date Principal Rate Interest Payment 1 7/1/2003 7,577.50 7,577.50 2 1/1/2004 25,000 4.10% 7,577.50 32,577.50 3 7/1/2004 7,065.00 7,065.00 4 1/1/2005 25,000 4.25% 7,065.00 32,065.00 5 7/1/2005- 6,533.75 6,533.75 6 1/1/2006 30,000 4.35% 6,533.75 36,533.75 7 7/1/2006 5,881.25 5,881.25 8 1/1/2007 30,000 4.45% 5,881.25 35,881.25 9 7/1/2007 5,213.75 5,213.75 10 1/1/2008 30,000 4.55% 5,213.75 35,213.75 11 7/1/2008 4,531.25 4,531.25 12 1/1/2009 35,000 4.65% 4,531.25 39,531.25 13 7/1/2009 3,717.50 3,717.50 14 1/1/2010 35,000 4.80% 3,717.50 38,717.50 15 7/1/2010 2,877.50 2,877.50 16 1/1/2011 35,000 4.90% 2,877.50 37,877.50 17 7/1/2011 2,020.00 2,020.00 18 1/1/2012 40,000 5.00% 2,020.00 42,020.00 19 7/1/2012 1,020.00 1,020.00 20 1/1/2013 40,000 5.10% 1,020.00 41,020.00 21 7/1/2013 0.00 0.00 325,000 92,875.00 417,875.00 Balance 325 000 325 000 300 000 300 000 275 000 275 000 245 000 245 000 215 000 215 000 185 000 185 000 150 000 150 000 115 000 115 000 80,000 80,000 40,000 40,000 0 0 Fiscal Year Total Pmt 7,577.50 39,642.50 38,598.75 42,415.00 41 095.00 39,745.00 43,248.75 41 595.00 39,897.50 43,O4O.0O 41 020,00 417,875.00 Bond Year Total Pmt 40,155.00 39,130.00 43,067.50 41,762.50 40,427.50 44,062.50 42,435.00 40,755.00 44,040.00 42,040.00 417,875.00 Discount: 0 0.00 Net Realized: 325,000 NIC ($): 92,875.00 Ave Life: 5.938462 NIC (%): 4.812176% Ave Coupon: 4.812176% Accrued Interest: 0 Net + Accrued: 325,000 Maximum*: 43,248.75 44,062.50 Minimum *: 38,598.75 39,130.00 Difference: 4,650.00 4,932.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.798368% City of Chanhassen, Minnesota Sanitary Sewer 2004A $ 85,000 Total Prat # Date Principal Rate Interest Payment 1 7/1/2004 1,990.00 1,990.00 2 111/2005 5,000 4.10% 1,990.00 6,990.00 3 7/1/2005 1,887.50 1,887.50 4 111/2006 5,000 4.25% 1,887.50 6,887.50 5 7/1/2006 1,781.25 1,781.25 6 1/1/2007 5,000 4.35% 1,781.25 6,781.25 7 7/lr2007 1,672.50 1,672.50 8 1/lr2008 10,000 4.45% 1,672.50 11,672.50 9 7/1/2008 1,450.00 1,450.00 10 1/1/2009 10,000 4.55% 1,450.00 11,450.00 11 7/1/2009 1,222.50 1,222.50 12 1/1/2010 10,000 4.65% 1,222.50 11,222.50 13 7/1/2010 990.00 990.00 14 111r2011 10,000 4.80% 990.00 10,990.00 15 7/1/2011 750.00 750.00 16 1/1/2012 10,000 4.90% 750.00 10,750.00 17 7/1/2012 505.00 505.00 18 1/1/2013 10,000 5.00% 505.00 10,'505.00 19 7/1/2013 255.00 255.00 20 111/2014 10,000 5.10% 255.00 10,255.00 21 711/2014 0.00 0.00 85,000 25,007.50 110,007:50 Balance 85,000 85,000 80,000 80 000 75 000 75 000 70 000 70 000 60 000 60 000 50 000 50 000 40 000 40 000 30 000 30 000 20 000 20 000 10 000 10 000 0 0 FiscalYear Bond Year TotalPmt TotalPmt 1,990.00 8,980.00 8,877.50 8,775.00 8,668.75 8,562.50 8,453.75 13,345.00 13,122.50 12,900.00 12,672.50 12,445.00 12,212.50 11,980.00 11,740.00 11,500.00 11,255.00 11,010.00 10,760.00 10,510.00 10,255.00 !10,007.50 110,007.50 Discount 0 0.00 Net Real~ed: 85,000 NIC ($): 25,007.50 Ave L~e: 6.117647 NIC (%): 4.809135% Ave Coupon: 4.809135% Accrued Interest:. 0 Net + Accrued: 85,000 Maximum*: 13,122.50 13,345.00 Minimum *: 8,453~75 8,562.50 Difference: 4,668.75 4,782.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.796664% City of Chanhassen, Minnesota Sanitary Sewer 2005A $ 360,000 Pmt # Date Principal Rate 1 7/1/2005 2 1/1/2006 30,000 4.10% 3 7/1/2006 4 1/1/2007 30,000 4.25% 5 7/1/2007 6 1/1/2008 ' 30,000 4.35% 7 7/1/2008 8 1/lr2oo9 35,000 4.45% 9 7/1/2009 10 1/1/2010 35,000 4.55% 11 7/1/201o 12 1/1/2011 35,000 4.65% 13 7/1/2011 14 1/1/2012 40,000 4.80% 15 7/1/2012 16 1/1/2013 40,000 4.90% 17 7/1/2013 18 111/2014 40,000 5.00% 19 7/1/2014 20 1/1/2015 45,000 5.10% 21 7/1/2015 360,000 Interest 8 381.25 8 381.25 7 766.25 7 766.25 7 128.75 7 128.75 6 476.25 6 476.25 5 697.50 5 697.50 4 901.25 4 901.25 4 087.50 4,087.50 3,127.50 3,127.50 2,147.50 2,147.50 1,147.50 1,147.50 0.00 101,722.50 Total Payment 8,381.25 38,381.25 7,766.25 37,766.25 7,128.75 37,128.75 6,476.25 41,476.25 5,697.50 40,697.50 4,901.25 39,901.25 4,087.50 44,087.50 3,127.50 43,127.50 2,147.50 42,147.50 1,147.50 46,147.50 0.00 461,722.50 .Balance 360 000 360 000 330 000 330 000 300 000 300 000 270 000 270 000 235 000 235 000 200 000 200 000 165 000 165 000 125 000 125 000 85 000 85 000 45000 45 000 0 0 FiscalYear Bond Year To~lPmt To~lPmt 8,381.25 46,762.50 46,147.50 45,532.50 44,895.00 44,257.50 43,605.00 47,952.5O 47,173.75 46,395.00 45,598.75 44,802.50 43,988.75 48,175.00 47,215.00 46,255.00 45,275.00 44,295.00 43,295.00 47,295.00 46,147.50 461,722.50 461,722.50 Discount: 0 0.00 Net Realized: 360,000 NIC ($): 101,722.50 Ave Life: 5.875000 NIC (%): 4.809574% Ave Coupon: 4.809574% Accrued Interest 0 Net + Accrued: 360,000 Maximum*: 47,215.00 48,175.00 Minimum *: 43,295.00 44,257.50 Difference: 3,920.00 3,917.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795544% City of Chanhassen, Minnesota Sanitary Sewer 2006A $ 340,000 Prat # Date 1 711/2006 2 1/1/2007 3 7/1/2007 4 1/1/2008 5 711/2008 6 111/2009 7 711/2009 8 1/1/2010 9 711/2010 10 1/1/2011 11 711/2011 12 111/2012 13 7/1/2012 14 1/1/2013 15 711/2013 16 1/1/2014 17 7/1/2014 18 1/1/2015 19 7/1/2015 20 1/1/2016 21 7/1/2016 Total Principal Rate Interest Payment 7,920.00 7,920.00 25,000 4.10% 7,920.00 32,920.00 7,407.50 7,407.50 30,000 4.25% 7,407.50 37,407.50 6,770.00 6,770.00 30,000 4.35% 6,770.00 36,770.00 6,117.50 6,117.50 30,000 4.45% 6,117.50 36,117.50 5,450.00 5,450.00 35,000 4.55% - 5,450.00 40,450.00 4,653.75 4,653.75 35,000 4.65% 4,653.75 39,653.75 3,840.00 3,840.00 35,000 4.80% 3,840.00 38,840.00 3,000.00 3,000.00 40,000 4.90% 3,000.00 43,000.00 2,020.00 2,020.00 40,000 5.00% 2,020.00 42,020.00 1,020.00 1,020.00 40,000 5.10% 1,020.00 41,020.00 0.00 0.00 340,000 96,397.50 436,397.50 Discount: 0 Net Realized: 340,000 NIC ($): Ave Life: 5.897059 NIC (%): Ave Coupon: 4.807855% Accrued interest: 0 Net + Accrued: 340,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 96,397.50 4.807855% 5.291844% 4.794040% Balance 340 000 340000 315 000 315 000 285000 285 000 255 000 255 000 225 000 225 000 190 000 190 000 155 000 155 000 120,000 120,000 80,000 80,000 4O,000 4O,0O0 0 0 FiscalYear BondYear TotalPmt TotalPmt 7,920.00 40,840.00 40,327.50 44,815.00 44,177.50 43,540.00 42,887.50 42,235.00 41,567.50 45,900.00 45,103.75 44,307.50 43,493.75 42,680.00 41,840.00 46,000.00 45,020.00 44,040.00 43,040.00 42,040.00 41,020.00 436,397.50 436,397.50 Maximum*: 45,103.75 46,000.00 Minimum *: 40,327.50 40,840.00 Difference: 4,776.25 5,160.00 Max and Mindoes not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2007A $ 400,000 Total Balance Fiscal Year Bond Year Pmt # Date Principal Rate Interest Payment 400,000 Total Pmt Total Pmt 1 711/2007 9,303.75 9,303.75 400,000 9,303.75 2 111/2008 35,000 4.10% 9,303.75 44,303.75 365,000 53,607.50 3 7/1/2008 8,586.25 8,586.25 365,000 52,890.00 4 1/1/2009 35,000 4.25% 8,586.25 43,586.25 330,000 52,172.50 5 7/1/2009 7,842.50 7,842.50 330,000 51,428.75 6 1/1/2010 35,000 4.35% 7,842.50 42,842.50 295,000 50,685.00 7 7/1/2010 7,081.25 7,081.25 295,000 49,923.75 8 1/1/2011 35,000 4.45% 7,081.25 42,081.25 260,000 49,162.50 9 7/1/2011 6,302.50 6,302.50 21~0,000 48,383.75 10 1/1/2012 40,000 . 4.55% 6,302.50 46,302.50 220,000 52,605,00 11 7/1/2012 5,392.50 5,392.50 220,000 51,695.00 12 1/1/2013 40,000 4.65% 5,392.50 45,392.50 180,000 50,785.00 13 7/1/2013 4,462.50 4,462.50 180,000 49,855.00 14 1/1/2014 40,000 4.80% 4,462.50 44,462.50 140,000 48,925.00- 15 7/1/2014 3,502.50 3,502.50 140,000 47,965.00 16 1/1/2015 45,000 4.90% 3,502.50 48,502.50 95,000 52,005.00 17 7/1/2015 2,400.00 2,400.00 95,000 50,902.50 18 1/1/2016 45,000 5.00% 2,400.00 47,400.00 50,000 49,800.00 19 7/1/2016 1,275.00 1,275.00 50,000 48,675.00 :20 1/1/2017 50,000 5.10% 1,275.00 51,275.00 0 52,550.00 21 7/1/2017 0.00 0.00 0 51,275.00 400,000 112,297.50 512,297.50 512,297.50 512,297.50 Discount: 0 0.00 Net Realized: 400,000 NIC ($): 112,297.50 Ave Life: 5.837500 NIC (%): 4.809315% Ave Coupon: 4.809315% Accrued Interest: 0 Net + Accrued: 400,000 Maximum*: 52,890.00 53,607.50 Minimum *: 47,965.00 48,925.00 Difference: 4,925.00 4,682.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795038% City of Chanhassen, Minnesota Sanitary Sewer 2008A $ 440,OO0 Pmt # Date I 7/1/2008 2 1/1/'2009 3 7/1/2009 4 1/1/2010 5 711/2010 6 1/1/2011 7 711/2011 8 111/2012 9 7/1/2012 10 111/2013 11 711/2013 12 1/1/2014 13 711/2014 14 1/1/2015 15 7/1/2015 16 1/1/2016 17 7/1/2016 18 1/1/2017 19 7/1/2017 20 1/1/2018 21 7/1/2018 Total Balance Fiscal Year Bond Year Principal Rate Interest. Payment 440,000 Total Pmt Total Pmt 10,248.75 10,248.75 440,000 10,248.75 35,000 4.10% 10,248.75 45,248.75 405,000 55,497.50 9,531.25 9,531.25 405,000 54,780.00 35,000 4.25% 9,531.25 44,531.25 370,000 54,062.50 8,787.50 8,787.50 370,000 53,318.75 40,000 4.35% 8,787.50 48,787.50 330,000 57,575.00 7,917.50 7,917.50 330,000 56,705.00 40,000 4.45% 7,917.50 47,917.50 290,000 55,835.00 7,027.50 7,027.50 290,000 54,945.00 45,000 4.55% 7,027.50 52,027.50 245,000 59,055.00 6,003.75 6,003.75 245,000 58,031.25 45,000 4.65% 6,003.75 51,003.75 200,000 57,007.50 4,957.50 4,957.50 200,000 55,961.25 45,000 4.80% 4,957.50 49,957.50 155,000 54,915.00 3,877.50 3,877.50 155,000 53,835.00 50,000 4.90% 3,877.50 53,877.50 105,000 57,755.00 2,652.50 2,652.50 105,000 56,530.00 50,000 5.00% 2,652.50 52,652.50 55,000 55,305.00 1,402.50 1,402.50 55,000 54,055.00 55,000 5.10% 1,402.50 56,402.50 0 57,805.00 0.00 0.00 0 56,402.50 440,000 124,812.50 564,812.50 564,812.50 564,812.50 Discount: 0 Net Realized: 440,000 NIC ($): Ave Life: 5.897727 NIC (%): Ave Coupon: 4.809730% Accrued Interest. 0 Net + Accrued: 440,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 124,812.50 4.809730% 5.291844% 4.795738% Maximum*: 58,031.25 59,055.00 Minimum *: 53,318.75 54,062.50 Difference: 4,712.50 4,992.50 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2009A $ 450,000 Total Balance Fiscal Year Bond Year Pmt # Date Principal Rate Interest Payment 450,000 Total Prat Total Pmt 1 711/2009 10,475.00 10,475.00 450,000 10,475.00 2 1/1/2010 35,000 4.10% 10,475.00 45,475.00 415,000 55,950.00 3 7/1/2010 9,757.50 9,757.50 415,000 55,232.50 4 1/1/2011 40,000 4.25% 9,757.50 49,757.50 375,000 59,515.00 5 7/1/2011 ' 8,907.50 8,907.50 375,000 58,665.00 6 1/1/2012 40,000 4.35% 8,907.50 48,907.50 335,000 57,815.00 7 7/1/2012 8,037.50 8,037.50 335,000 56,945.00 8 1/1/2013 40,000 4.45% 8,037.50 48,037.50 295,000 56,075.00 9 711/2013 7,147.50 7,147.50 295,000 55,185.00 10 1/1/2014 45,000 4.55% 7,147.50 52,147.50 250,000 59,295.00 11 7/1/2014 6,123.75 6,123.75 250,000 58,271.25 12 1/1/2015 45,000 4.65% 6,123.75 51,123.75 205,000 57,247.50 13 7/1/2015 5,077.50 5,077.50 205,000 56,201.25 14 1/1/2016 50,000 4.80% 5,077.50 55,077.50 155,000 60,155.00 15 7/1/2016 3,877.50 3,877.50 155,000 58,955.00 16 1/1/2017 50,000 4.90% 3,877.50 53,877.50 105,000 57,755.00 17 7/1/2017 2,652.50 2,652.50 105,000 56,530.00 18 1/1/2018 50,000 5.00% 2,652.50 52,652.50 55,000 55,305.00 19 7/1/2018 1,402.50 1,402.50 55,000 54,055.00 20 1/1/2019 55,000 5.10% 1,402.50 56,402.50 0 57,805.00 21 7/1/2019 0.00 0.00 0 56,402.50 450,000 128,917.50 576,917.50 576,917.50 576,917.50 Discount 0 Net Realized: 450,000 NIC ($): Ave Life: 5.866667 NIC (%): Ave Coupon: 4.807481% Accrued Interest 0 Net + Accrued: 450,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 126,917.50 4.807481% 5.291844% 4.793475% Maximum*: 58,955.00 60,155.00 Minimum *: 54,055.00 55,305.00 Difference: 4,900.00 4,850.00 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2010A $ 470,000 Pmt # Date I 711/2010 2 111/2011 3 7/1/2011 4 1/1/2012 5 7/1/2012 6 1/1/2013 7 7/1/2013 8 1/1/2014 9 7/1/2014 10 1/1/2015 11 711/2015 12 1/1/2016 13 7/1/2016 14 1/1/2017 15 7/1/2017 16 1/1/2018 17 711/2018 18 1/1/2019 19 7/1/2019 20 1/1/2020 21 7/1/2020 Total Pdncipat Rate Interest Payment 10,941.25 10,941.25 40,000 4.10% 10,941.25 50,941.25 10,121.25 10,121.25 40,000 4.25% 10,121.25 50,121.25 9,271.25 9,271.25 40,000 4.35% 9,271.25 49,271.25 8,401.25 8,401.25 45,000 4.45% 8,401.25 53,401.25 7,400.00 7,400.00 45,000 4.55% 7,400.00 52,400.00 6,376.25 6,376.25 45,000 4.65% 6,376.25 51,376.25 5,330.00 5,330.00 50,000 4.80% 5,330.00 55,330.00 4,130.00 4,130.00 50,000 4.90% 4,130.00 54,130.00 2,905.00 2,905.00 55,000 5.00% 2,905.00 57,905.00 1,530.00 1,530.00 60,000 5.10% 1,530.00 61,530.00 0.00 0.00 470,000 132,812.50 602,812.50 Discount: 0 Net Realized: 470,000 NIC ($): Ave Life: 5.872340 NIC (%): Ave Coupon: 4.812047% Accrued Interest: 0 Net + Accrued: 470,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 132,812.50 4.812047% 5.291844% 4.797795% Balance 470 000 470 000 430 000 430 000 390 000 390 000 350 000 350 000 305 000 305 000 260 000 260 000 215 000 215 000 165 000 165000 115 000 115 000 60 000 60000 0 0 FiscalYear Bond Year TotalPmt To~lPmt 10,941.25 61,882.50 61,062.50 60,242.50 59,392.50 58,542.50 57,672.50 61,802.50 60,801.25 59~800.00 58,776.25 57,752.50 56,706.25 60,660.00 59,460.00 58,260.00 57,035.00 60,810.00 59,435.00 63,060.00 61,530.00 602,812.50 602,812.50 Maximum*: 61,530.00 63,060.00 Minimum *: 56,706.25 57,752.50 Difference: 4,823.75 5,307.50 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2011A $ 800,000 Total Pmt# Date Principal Rate Interest Payment 1 7/1/2011 18,641.25 18,641.25 2 1/1/2012 65,000 4.10% 18,641.25 83,641.25 3 7/1/2012 17,308.75 17,308.75 4 1/1/2013 65,000 4.25% 17,308.75 82,308.75 5 7/1/2013 15,927.50 15,927.50 6 1/1/2014 ' 70,000 4.35% 15,927.50 85,927.50 7 7/1/2014 14,405.00 14,405.00 8 111/2015 75,000 4.45% 14,405.00 89,405.00 9 711/2015 12,736.25 12,736.25 10 1/1/2016 75,000 4.55% 12,736.25 87,736.25 11 7/1/2016 11,030.00 11,030.00 12 1/1/2017 80,000 4.65% 11,030.00 91,030.00 13 7/1/2017 9,170.00 9,170.00 14 1/1/2018 85,000 4.80% 9,170.00 94,170.00 15 7/1/2018 7,130.00 7,130.00 16 1/1/2019 90,000 4~90% 7,130.00 97,130.00 17 7/1/2019 4,925.00 4,925.00 18 1/1/2020 95,000 5.00% 4,925.00 99,925.00 19 7/1/2020 2,550.00 2,550.00 20 1/1/2021 100,000 5.10% 2,550.00 102,550.00 21 711/2021 0.00 0.00 800,000 227,647.50 1,027,647.50 Discount: 0 Net Realized: 800,000 NIC ($): Ave Life: 5.912500 NIC (%): Ave Coupon: 4.812844% Accrued Interest: 0 Net + Accrued: 800,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 227,647.50 4.812844% 5.291844% 4.798876% Balance 800 000 800 000 735 000 735 000 670 000 670 000 600 000 600 000 525,000 525,000 450,000 450,000 370,000 370,000 285,000 285,000 195,000 195,000 100,000 100,000 0 0 FiscalYear TotalPmt 18,641.25 100,950.00 98,236,25 100,332,50 102,141.25 98,766.25 100,200.00 101 300.00 102,055.00 102,475.00 102,550.00 Bond Year TotalPmt 102,282.50 99,617.50 101,855.00 103,810.00 100,472.50 102,060.00 103,340.00 104,260.00 104,850.00 105,100.00 1,027,647.50 1,027,647.50 Maximum*: 102,550.00 105,100.00 Minimum *: 98,236.25 99,617.50 Difference: 4,313.75 5,482.50 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2012A $ 830,000 Pmt # Date I 7/1/2012 2 111/2013 3 711/2013 4 111/2014 5 7/1/2014 6 111/2015 7 7/1/2015 8 1/1/2016 9 7/1/2016 10 111/2017 11 7/1/2017 12 1/1/2018 13 7/1/2018 14 1/1/2019 15 7/1/2019 16 1/1/2020 17 7/1/2020 18 1/1/2021 19 7/1/2021 20 1/1/2022 21 711/2022 Principal Rate Interest 19,328.75 65,000 4.10% 19,328.75 17,996.25 70,000 4.25% 17,996.25 16,508.75 75,000 4.35% 16,508.75 14,877.50 75,000 4.45% 14,877.50 13,208.75 80,000 4.55% 13,208.75 11,388.75 85,000 4.65% 11,388.75 9,412.50 90,000 4.80% 9,412.50 7,252.50 95,000 4.90% 7,252.50 4,925.00 95,000 5.00% 4,925.00 2,550.00 100,000 5.10% 2,550.00 0.00 830,000 234,897.50 Discount: 0 Net Realized: 830,000 NIC ($): Ave Life: 5.885542 NIC (%): Ave Coupon: 4.808547% Accrued Interest 0 Net + Accrued: 830,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 234,897.50 4.808547% 5.291844% 4.794652% Tmal Payment 19,328.75 84 328.75 17 996.25 87 996.25 16 508.75 91 508.75 14 877.50 89 877.50 13 208.75 93,208.75 11,388.75 96,388.75 9,412.50 99,412.50 7,252.50 102,252.50 4,925.00 99,925.00 2,550.00 102,550.00 0,00 1,064,897.50 Balance 830 000 830 000 765 000 765 000 695 000 695 000 620 000 620 000 545 000 545 000 465 000 465,0OO 380 000 380 000 290 000 290 000 195 000 195 000 100 000 100 000 0 0 FiscalYear Bond Year TotalPmt TotalPmt. 19,328.75 103,657.50 102,325.00 105,992.50 104,505.00 108,017.50 106,386.25 104,755.00 103,086.25 106,417.50 104,597.50 107,777.50 105,801.25 108,825.00 106,665.00 109,505.00 107,177.50 104,850.00 102,475.00 105,100.00 102,550.00 1,064,897.50 1,064,897.50 Maximum*: 107,177.50 109,505.00 Minimum *: 102,325.00 103,657.50 Difference: 4,852.50 5,847.50 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2013A $ 860,000 Pmt # Date I 7/1/2013 2 1/1/2014 3 711/2014 4 1/1/2015 5 711/2015 6 1/1/2016 7 7/1/2016 8 1/1/2017 9 711/2017 10 1/1/2018 11 711r2018 12 1/1/2019 13 7/1/2019 14 1/1/2020 15 7/1/2020 16 1/1/2021 17 7/1/2 021 18 1/1/2022 19 7/1/2022 20 1/1/2023 21 7/1/2023 Total Principal Rate Interest Payment 20,015.00 20,015.00 70,000 4.10% 20,015.00 90,015.00 18,580.00 18,580.00 75,000 4.25% 18,580.00 93,580.00 16,986.25 16,986.25 75,000 4.35% 16,986.25 91,986.25 15,355.00 15,355.00 80,000 4.45% 15,355.00 95,355.00 13,575.00 13,575.00 85,000 - 4.55% 13,575.00 98,575.00 11,641.25 11,641.25 85,000 4.65% 11,641.25 96,641.25 9,665.00 9,665.00 90,000 4.80% 9,665.00 99,665.00 7,505.00 7,505.00 95,000 4.90% 7,505.00 102,505.00 5,177.50 5,177.50 100,000 5.00% 5,177.50 105,177.50 2,677.50 2,677.50 105,000 5.10% 2,677.50 107,677.50 0.00 0.00 860,000 242,355.00 1,102,355.00 Balance 860,000 86O,000 790,000 790,000 715,000 715,000 640,000 640,000 560,000 560,000 475,000 475 000 390 000 390 000 300 000 300 000 2O5 000 205 000 105 000 105 000 0 0 Fiscal Year Bond Year Total Prat Total Prat 20,015.00 110,030.00 108,595.00 112,160.00 110,566.25 108,972.50 107,341.25 110,710.00 108,930.00 112,150.00 110,216.25 108,282.50 106,306.25 109,330.00 107,170.00 110,010.00 107,682.50 110,355.00 107,855.00 110,355.00 107,677.50 1,102,355.00 1,102,355.00 Discount: 0 0.00 Net Realized: 860,000 NIC ($): 242,355.00 Ave Life: 5.860465 NIC (%): 4.808631% Ave Coupon: 4.808631% Accrued Interest: 0 Net + Accrued: 860,000 Maximum*: 110,566.25 112,160.00 Minimum*: 106,306.25 108,282.50 Difference: 4,260.00 3,877.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.794504% City of Chanhassen, Minnesota Sanitary Sewer 2014A $ 890,000 Pmt # Date 1 711/2014 2 1/1/2015 3 711/2015 4 1/1/2016 5 711/2016 6 111/2017 7 7/1/2017 8 1/1/2018 9 7/1/2018 10 1/1/2019 11 7/1/2019 12 1/1/2020 13 7/1/2020 14 1/1/2021 15 7/1/2021 16 1/lr2022 17 7/1/2022 18 111/2023 19 7/1/2023 20 111/2024 21 7/1/2024 Principal Rate 70,000 4.10% 75,000 - 4.25% 80,000 4.35% 80,000 4.45% 85,000 4.55% 90,000 4.65% 95,000 4.80% 100,000 4.90% 105,000 5.00% 110,000 5.10% 890,000 Discount 0 Net Realized: 890,000 NIC ($): Ave Life: 5.904494 NIC (%): Ave Coupon: 4.811465% Accrued Interest 0 Net + Accrued: 890,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Total Interest' Payment 20,735.00 20,735.00 20,735.00 90,735.00 19,300.00 19,300.00 19,300.00 94,300.00 17,706.25 17,706.25 17,706.25 97,706.25 15,966.25 15,966.25 15,966.25 95,966.25 14,186.25 i4,186,25 14,186.25 99,186.25 12,252.50 12,252.50 12,252.50 102,252.50 10,160.00 10,160.00 10,160.00 105,160.00 7,880.00 7,880.00 7,880.00 107,880.00 5,430.00 5,430.00 5,430.00 110,430.00 2,805.00 2,805.00 2,805.00 112,805.00 0.00 0.00 252,842.50 1,142,842.50 0.00 252,842.50 4.811465% 5.291844% 4.797502% Balance 890 000' 890 000 820 000 820 000 745 000 745 000 665 000 665 000 585 000 585 000 500 000 500 000 410 000 410 000 315 000 315 000 215 000 215 000 110 000 110 000 0 0 Fiscalyear Bond Year TotalPmt TotalPmt 20,735,00 111,470.00 110,035.00 113,600.00 112,006.25 115,412.50 113,672.50 111,932.50 110,152.50 113,372.50 111,438.75 114,505.00 112,412.50 115,320.00 113,040.00 115,760.00 113,310.00 115,860.00 113,235.00 115,610.00 112,805.00 1,142,842.50 1,142,842.50 Maximum*: 113,672.50 115,860.00 Minimum *: 110,035.00 111,470.00 Difference: 3,637.50 4,390.00 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 201 SA $ 920,000 Total Pmt # Date Principal Rate Interest Payment I 7/1/2015 21,412.50 21,412.50 2 1/1/2016 75,000 4.10% 21,412.50 96,412.50 3 7/1/2016 19,875.00 19,875.00 4 1/1/2017 80,000 4.25% 19,875.00 99,875.00 5 7/1/2017- 18,175.00 18,175.00 6 1/1/2018 80,000 4.35% 18,175.00 98,175.00 7 7/1/2018 16,435.00 16,435.00 8 1/1/2019 85,000 4.45% 16,435.00 101,435.00 9 7/1/2019 14,543.75 14,543.75 10 1/1/2020 90,000 4.55% 14,543.75 104,543.75 11 7/1/2020 12,496.25 12,496.25 12 1/1/2021 95,000 4.65% 12,496.25 107,496.25 13 7/1/2021 10,287.50 10,287.50 14 1/1/2022 95,000 4.80% 10,287.50 105,287.50 15 7/1/2022 8,007.50 8,007.50 16 1/1/2023 100,000 4.90% 8,007.50 108,007.50 17 7/1/2023 5,557.50 5,557.50 18 1/1/2024 105,000 5.00% 5,557.50 110,557.50 19 7/1/2024 2,932.50 2,932.50 20 1/1/2025 115,.000 5.10% 2,932.50 117,932.50 21 7/1/2025 0.00 0.00 920,000 259,445.00 1,179,445.00 Balance 920,000 920,000 845,000 845,000 765,0O0 765,000 685,000 685,O00 600,000 600 000 510 000 510 000 415 000 415 000 320 000 320 000 220 000 220 000 115 000 115 000 0 0 FiscalYear Bond Year To~lPmt To~lPmt 21,412.50 117,825.00 116,287.50 119,750.00 118,050.00 116,350.00 114,610.00 117,870.00 115,978.75 119,087.50 117,040.00 119,992.50 117,783.75 115,575.00 113,295.00 116,015.00 113,565.00 116,115.00 113,490.00 120,865.00 117,932.50 1,179,445.00 1,179,445.00 Discount: 0 0.00 Net Realized: 920,000 NIC ($): 259,445.00 Ave Life: 5.864130 NIC (%): 4.808990% Ave Coupon: 4.808990% Accrued Interest: 0 Net + Accrued: 920,000 Maximum*: 118,050.00 120,865.00 Minimum *: 113,295.00 115,575.00 Difference: 4,755.00 5,290.00 Max and Min does not include first payme pedods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.794825% City of Chanhassen, Minnesota Sanitary Sewer 2016A $ 340,000 Total Pmt # Date Principal Rate Interest PaYment 1 7/1/2016 7,920.00 7,920.00 2 1/lr2017 25,000 4.10% 7,920.00 32,920.00 3 7/1/2017 7,407.50 7,407.50 4 111/2018 30,000 4.25% 7,407.50 37,407.50 5 7/1/2018 6,770.00 6,770.00 6 111/2019 30,000 4.35% 6,770.00 36,770.00 7 7/lr2019 6,117.50 6,117.50 8 111/2020 30,000 4.45% 6,117.50 36,117.50 9 7/1/2020 5,450.00 5,450.00 10 1/1/2021 35,000 4.55% 5,450.00 40,450.00 11 7/1/2021 4,653.75 4,653.75 12 1/1/2022 35,000 4.65% 4,653.75 39,653.75 13 7/1/2022 3,840.00 3,840.00 14 1/1/2023 35,000 4.80% 3,840.00 38,840.00 15 7/1/2023 3,000.00 3,000.00 16 1/1/2024 40,000 4.90% 3,000.00 43,000.00 17 7/1/2024 2,020.00 2,020.00 18 1/1/2025 40,000 5.00% 2,020.00 42,020.00 19 7/1/2025 1,020.00 1,020.00 20 111/2026 40,000 5.10% 1,020.00 41,020.00 21 7/1/2026 0.00 0.00 340,000 96,397.50 436,397.50 Balance Fiscal Year Bond Year 340,000 Total Pmt Total Pmt 340,000 7,920.00 315,000 40,840.00 315,000 40,327.50 285,000 44,815.00 285,000 44,177.50 255,000 43,540,00 255,000 42,887.50 225,000 42,235.00 225,000 41,557.50 190,000 45,900.00 190,000 45,103.75 155,000 44,307.50 155,000 43,493.75 120,000 42,680.00 120,000 41,840.00 80,000 46,000.00 80,000 45,020.00 40,000 44,040.00 40,000 43,040.00 0 42,040.00 0 41,020.00 436,397.50 436~397.50 Discount: 0 0.00 Net Realized: 340,000 NIC ($): 96,397.50 Ave Life: 5.897059 NIC (%): 4.807855% Ave Coupon: 4.807855% Accrued Interest: 0 Net + Accrued: 340,000 Maximum*: 45,103.75 46,000.00 Minimum *: 40,327.50 40,840.00 Difference: 4,776.25 5,160.00 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.794040% City of Chanhassen, Minnesota Sanitary Sewer 2018A $ 360,000 Total Pmt # Date Principal Rate Interest Payment 1 7/1/2018 8,381.25 8,381.25 2 1/1/2019 30,000 4.10% 8,381.25 38,381.25 3 711/2019 7,766.25 7,766.25 4 1/1/2020 30,000 4.25% 7,766.25 37,766.25 5 7/1/2020 7,128.75 7,128.75 6 1/1/2021 30,000 4.35% 7,128.75 37,128.75 7 7/1/2021 6,476.25 6,476.25 8 1/1/2022 35,000 4.45% 6,476.25 41,476.25 9 7/1/2022 5,697.50 5,697.50 10 1/1/2023 35,000 4.55% 5,697.50 40,697,50 11 7/1/2023 4,901.25 4,901.25 12 1/1/2024 35,000 4.65% 4,901.25 39,901.25 13 7/1/2024 4,087.50 4,087.50 14 1/1/2025 40,000 4.80% 4,087.50 44,087.50 15 7/1/2025 3,127.50 3,127.50 16 1/1/2026 40,000 4.90% 3,127.50 43,127.50 17 7/1/2026 2,147.50 2,147.50 18 1/1/2027 40,000 5.00% 2,147.50 42,147.50 19 7/1/2027 1,147.50 1,147.50 20 1/1/2028 45,000 5.10% 1,147.50 46,147.50 21 7/1/2028 0.00 0.00 360,000 101,722.50 461,722.50 Balance 360000 360 000 330 000 330 000 300 000 30O 000 270 000 270 000 235 000 235 000 200 000 200 000 165 000 165 000 125 000 125 000 85 000 85 000 45,000 45,000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt 8,381.25 46,762.50 46,147.50 45,532.50 44,895.00 44,257.50 43,605.00 47,952,50 47,173.75 46,395.00 45,598.75 44,802.50 43,988.75 48,175.00 47,215.00 46,255.00 45,275.00 44,295.00 43,295.00 47,295.00 46,147.50 461,722.50 461,722.50 Discount 0 0.00 Net Realized: '360,000 NIC ($): 101,722.50 Ave Life: 5.875000 NIC (%): 4.809574% Ave Coupon: 4.809574% Accrued Interest 0 Net + Accrued: 360,000 Maximum*: 47,215.00 48,175.00 Minimum *: 43,295.00 44,257.50 Difference: 3,920.00 3,917.50 Max and Min does not include first payme pedods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795544% City ofChanhassen, Minnesota Sanitary Sewer 2019A $ 380,000 Prat # Date Principal Rate Interest 1 7/1/2019 8,853.75 2 1/1/2020 30,000 4.10% 8,853.75 3 711/2020 8,238.75 4 1/1/2021 30,000 4.25% 8,238.75 5 711/2021 7,601.25 6 111/2022 35,000 4.35% 7,601.25 7 7/1/2022 6,840.00 8 1/1/2023 35,000 4.45% 6,840.00 9 711/2023 6,061.25 10 111r2024 35,000 4.55% 6,061.25 11 7/1/2024 5,265.00 12 111/2025 40,000 4.65% ' 5,265.00 13 711/2025 4,335.00 14 1/1/2026 40,000 4.80% 4,335.00 15 7/1/2026 3,375.00 16 111/2027 45,000 4.90% 3,375.00 17 7/1/2027 2,272.50 18 1/1/2028 45,000 5.00% 2,272.50 19 711/2028 1,147.50 20 111r2029 45,000 5.10% 1,147.50 21 7/1/2029 0.00 380,000 107,980.00 Total Payment 8,853.75 38,853.75 8,238.75 38,238.75 7,601.25 42,601.25 6,840.00 41,840.00 6,061.25 41,061.25 5,265.00 45,265.00 4,335.00 44,335.00 3,375.00 48,375.00 2,272.50 47,272.50 1,147.50 46,147.50 0.00 487,980.00 Balance 380 000 380 000 350 000 350 000 320 000 320 000 285 000 285 000 250 000 250 000 215,000 215,000 175,000 175,000 135,000 135,000 90,000 90,000 45,000 45,000 0 0 FiscalYear Bond Year TotalPmt Total Pmt 8,853.75 47,707.50 47,092.50 46,477.50 45,840.00 50,202.50 49,441.25 48,680.00 47,90i.25 47,122.50 46,326.25 50,530.00 49,600.00 48,670.00 47,710.00 51,750.00 50,647.50 49,545.00 48,420.00 47,295.00 46,147.50 487,980.00 487,980.00 Discount: 0 0.00 Net Realized: 380,000 NIC ($): 107,980.00 Ave Life: 5.907895 NIC (%): 4.809800% Ave Coupon: 4.809800% Accrued Interest~ 0 Net + Accrued: 380,000 Maximum*: 50,647.50 51,750.00 Minimum *: 45,840.00 46,477.50 Difference: 4,807.50 5,272.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.796036% City of Chanhassen, Minnesota Sanitary Sewer 2000B $ 85,000 Total Pmt # Date Principal Rate Interest Payment I 7/1/2000 1,990.00 1,990.00 2 1/1/2001 5,000 4.10% 1,990.00 6,990.00 3 7/1/2001 1,887.50 1,887.50 4 1/1/2002 5,000 4.25% 1,887.50 6,887.50 5 7/1/2002 1,781.25 1,781.25 6 1/1/2003 5,000 4.35% 1,781.25 6,781.25 7 7/1/2003 1,672.50 1,672.50 8 1/1/2004 10,000 4.45% 1,672.50 11,672.50 9 7/1/2004 1,450.00 1,450.00 10 1/1/2005 10,000 4.55% 1,450.00 11,450.00 11 7/1/2005 1,222.50 1,222.50 12 111/2006 10,000 4.65% 1,222.50 11,222.50 13 7/1/2006 990.00 990.00 14 111/2007 10,000 4.80% 990.00 10,990.00 15 7/1/2007 750.00 750.00 16 1/1/2008 10,000 4.90% 750.00 10,750.00 17 7/1/2008 505.00 505.00 18 1/1/2009 10,000 5.00% 505.00 10,505.00 19 7/1/2009 255.00 255.00 20 1/1/2010 10,000 5.10% 255.00 10,255.00 21 7/1/2010 0.00 0.00 85,000 25,007.50 110,007.50 Balance Fiscal Year Bond Year 85,000 Total Pmt Total Pmt 85,000 1,990.00 80,000 8,980.00 80,000 8,877.50 75,000 8,775.00 75,000 8,668.75 70,000 8,562.50 70,000 8,453.75 60,000 13,345.00 60,000 13,122.50 50,000 12,900.00 50,000 12,672.50 40,000 12,445.00 40,000 12,212.50 30,000 11,980.00 30,000 11,740.00 20,000 11,500.00 20,000 11,255.00 10,000 11,010.00 10,000 10,760.00 0 1O,510.O0 0 10,255.00 110,007.50 110,007.50 Discount: 0 0.00 Net Realized: 85,000 NIC ($): 25,007.50 Ave Life: 6.117647 NIC (%): 4.809135% Ave Coupon: 4.809135% Accrued interest: 0 Net + Accrued: 85,000 Maximum*: 13,122.50 13,345.00 Minimum *: 8,453.75 8,562.50 Difference: 4,668.75 4,782.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.796664% City of Chanhassen, Minnesota Sanitary Sewer 2001B $ 85,000 Prat # Date 1 7/1/2001 2 1/1/2002 3 7/1/2002 4 1/1/2003 5 7/1/2003 6 111/2004 7 7/1/2004 8 1/1/2005 9 7/1/2005 10 1/1/2006 11 7/1/2006 12 1/1/2007 13 711/2007 14 1/1/2008 15 7/1/2008 16 111/2009 17 711/2009 18 111/2010 19 7/1/2010 20 1/lr2011 21 7/1/2011 Principal Rate 5,000 4.10% 5,000 4.25% 5,000 4.35% 10,000 4.45% 10,000 4.55% 10,000 4.65% 10,000 4.80% 10,000 4.90% 10,000 - 5.00% 10,000 5.10% 85,000 Discount: 0 Net Realized: 85,000 NIC ($): Ave Life: 6.117647 NIC (%): Ave Coupon: 4,809135% Accrued Interest 0 Net + Accrued: 85,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 1,990.00 1,990.00 1,887.50 1,887.50 1,781.25 1,781.25 1,672.50 1,672.50 1,450.00 1,450.00 1,222.50 1,222.50 990.00 990.00 750.00 750.00 505.00 505.00 255.00 255,00 0.00 25,007.50 0.00 25,O07.5O 4.809135% 5.291844% 4.796664% Total Payment 1,99O.0O 6,990.00 1,887.50 6,887.50 1,781.25 6,781.25 1,672.50 11,672.50 1,450.00 11,450.00 1,222.50 11,222.50 990.00 10,990.00 750.00 10,750.00 505.00 10,505.00 255.00 10,255.00 0.00 110,007.50 Balance FiscalYear Bond Year 85,000 TotalPmt TotalPmt 85,000 1,990,00 80,000 8,980.00 80,000 8,877.50 75,000 8,775.00 75,000 8,668.75 70,000 8,562.50 70,000. 8,453.75 60,000 13,345.00 60,000 13,122.50 50,000 12,900.00 50,000 12,672.50 40,000 12,445.00 40,000 12,212.50 30,000 11,980.00 30,000 11,740.00 20,000 11,500.00 20,000 11,255.00 10,000 11,010.00 10,000 10,760.00 0 10,510.00 0 10,255.00 110,007.50 110,007.50 Maximum*: 13,122.50 13,345.00 Minimum *: 8,453.75 8,562.50 Difference: 4,668.75 4,782.50 Max and Min does not include first payme penods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2002B $ 90,000 Total Pmt Ct Date Principal Rate Interest Payment 1 711/2002 2,098.75 2,098.75 2 1/lr2003 5,000 4.10% 2,098.75 7,098.75 3 7/1/2003 1,996.25 1,996.25 4 111/2004 5,000 4.25% 1,996.25 6,996.25 5 7/1/2004 1,890.00 1,890.00 6 1/1/2005 - 10,000 4.35% 1,890.00 11,890.00 7 7/1/2005 1,672.50 1,672.50 8 1/1/2006 10,000 4.45% 1,672.50 11,672.50 9 7/1/2006 1,450.00 1,450.00 10 111/2007 10,000 4.55% 1,450.00 11,450.00 11 7/1/2007 1,222.50 1,222.50 12 1/1/2008 10,000 4.65% 1,222.50 11,222.50 13 7/1/2008 990. oo 990. oo 14 1/1/2009 10,000 4.80% 990.00 10,990.00 15 7/1/2009 750. oo 750. oo 16 1/1/2010 10,000 4.90% 750.00 10,750.00 17 7/1/2010 505.00 505.00 18 1/1/2011 10,000 5.00% 505.00 10,505.00 19 7/1/2011 255.00 255.00 20 1/1/2012 10,000 5.10% 255.00 10,255.00 21 7/1/2012 0.00 0.00 90,000 25,660.00 115,660.00 Balance Fiscal Year Bond Year 90,000 Total Pmt Total Prat 90,000 2,098.75 85,000 9,197.50 85,000 9,095.00 80,000 8,992.50 80,000 8,886.25 70,000 13,780.00 70,000 13,562.50 60,000 13,345.00 60,000 13,122.50 50,000 12,900.00 50,000 12,672.50 40,000 12,445.00 40,000 12,212.50 30,000 11 ;980.00 30,000 11,740.00 20,000 11,500.00 20,000 11,255.00 10,000 11,010.00 10,000 10,760~00 0 10,510.00 0 10,255.00 115,660.00 115,660.00 Discount: 0 0.00 Net Realized: 90,000 NIC ($): 25,660.00 Ave Life: 5.944444 NIC (%): 4.796262% Ave Coupon: 4.796262% Accrued Interest: 0 Net + Accrued: 90,000 Maximum*: 13,562.50 13,780.00 Minimum *: 8,886.25 8,992.50 Difference: 4,676.25 4,787.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.782962% City of Chanhassen, Minnesota Sanitary Sewer 2004B $ 90,000 Pmt # Date 1 711/2004 2 1/1/2005 3 7/1/2005 4 1/1/2006 5 7/1/2006 6 1/1/2007 7 7/1/2007 8 1/1/2008 9 711r2008 10 1/1/2009 11 7/1/2009 12 1/1/2010 13 7/1/2010 14 1/1/2011 15 7/1/2011 16 1/1/2012 17 7/1/2012 18 1/1/2013 19 7/1/2013 20 1/1/2014 21 7/1/2014 Principal Rate Interest 2,098.75 5,000 4.10% 2,098.75 1,996.25 5,000 4.25% 1,996.25 1,890.00 10,000 4.35% 1,890.00 1,672.50 10,000 4.45% 1,672.50 1,450.00 10,000 4.55% 1,450.00 1,222.50 10,000 4.65% 1,222.50 990.00 10,000 4.80% 990.00 750.00 10,000 4.90% 750.00 505.00 10,000 5.00% 505.00 255.00 10,000 5.10% 255.00 0.00 90,000 25,660.00 Discount: 0 Net Realized: 90,000 NIC ($): Ave Life: 5.944444 NIC (%): Ave Coupon: 4.796262% Accrued Interest: 0 Net + Accrued: 90,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 25,660.00 4.796262% 5.291844% 4.782962% Total Payment 2,098.75 7,098.75 1,996.25 6,996.25 1,890.00 11,890.00 1,672.50 11,672.50 1,450.00 11,450.00 1,222.50 11,222.50 990.00 10,990.00 750.00 10,750.00 505.00 10,505.00 255.00 10,255.00 0.00 115,660.00 Balance 90,000 90,000 85,000 85,000 80,000 80,000 70,000 70,000 60,000 60,000 50,000 50 000 40000 40 000 30 000 30 000 20 000 20 000 10 000 10 000 0 0 FiscalYear Bond Year TotalPmt TotalPmt 2,098.75 9,197.50 9,095.00 8,992.50 8,886.25 13,780.00 13,562.50 13,345.00 13,122.50 12,900.00 12,672.50 12,445.00 12,212.50 11,980,00 11,740.00 11,500.00 11,255.00 11,010.00 10,760.00 10,510.00 10,255.00 115,660.00 115,660.00 Maximum*: 13,562.50 13,780.00 Minimum *: 8,886.25 8,992.50 Difference: 4,676.25 4,787.50 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2005B $ 95,000 Prat # Date Principal Rate 1 7/1/2005 2 1/1/2006 5,000 4.10% 3 7/1/2006 4 1/1/2007 10,000 4.25% 5 711/2007 6 1/1/2008 10,000 4.35% 7 7/1/2008 - 8 111/2009 10,000 4.45% 9 7/1/2009 10 1/1/2010 10,000 4.55% 11 7/1/2010 12 1/1/2011 10,000 4.65% 13 7/1/2011 14 1/1/2012 10,000 4.80% 15 7/1/2012 16 1/1/2013 10,000 4.90% 17 7/1/'2013 18 1/1/2014 10,000 5.00% 19 7/1/2014 20 111/2015 10,000 5.10% 21 7/1/2015 95,000 Discount 0 Net Realized: 95,000 NIC ($): Ave Life: 5.736842 NIC (%): Ave Coupon: 4.786239% Accrued Interest: 0 Net + Accrued:. 95,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 2,205.00 2,205.00 2,102.50 2,102.50 1 890.00 I 890.00 1 672.50 1 672.50 1 450.00 1 450.00 1 222.50 1 222.50 990.00 990.00 750~00 750.00 505.00 5O5.0O 255.00 255.00 0.00 26,085.00 0.00 28,085.00 4.786239% 5.291844% 4.772041% Total Balance Fisc~ Year Bond Year Payme~ 95,000 TotalPmt TotalPmt 2,205.00 95,000 2,205.00 7,205.00 90,000 9,410.00 2,102.50 90,000 9,307.50 12,102.50 80,000 14,205.00 1,890.00 80,000 13,992.50 11,890.00 70,000 13,780.00 1,672.50 70,000 13,562.50 11,672.50 60,000 13,345.00 1,450.00 60,000 13,122.50 11,450.00 50,000 12,900.00 1,222.50 50,000 12,672.50 11,222.50 40,000 12,445.00 990.00 40,000 12,212.50 10,990.00 30,000 11,980.00 750.00 30,000 11,740.00 10,750.00 20,000 11,500.00 505.00 20,000 11,255.00 10,505.00 10,000 11,010.00 255.00 10,000 10,760.00 10,255.00 0 10,510.00 0.00 0 10,255.00 121,085.00 121,085.00 121,085.00 Maximum*: 13,992.50 14,205.00 Minimum *: 9,307.50 9,410.00 Difference: 4,685.00 4,795.00 Max and Min does not include first payme pedods with no principal payments. City ofChanhassen, Minneso~ Sanitary Sewer 2006B $ 95,000 Pmt # Date 1 711/2006 2 111/2007 3 7/1/2007 4 111/2008 5 7/1/2008 6 1/1/2009 7 7/1/2009 8 1/1/2010 9 7/1/2010 10 1/1/2011 11 711/2011 12 1/1/2012 13 711/2012 14 1/1/2013 15 7/1/2013 16 1/1/2014 17 711/2014 18 1/1/2015 19 7/1/2015 20 1/1/2016 21 7/1/2016 Pdncipal Rate 5,000 4.10% 10,000 4.25% 10,000 4.35% 10,000 4.45% 10,000 4.55% 10,000 4.65% 10,000 4.80% 10,000 4.90% 10,000 5.00% 10,000 5.10% 95,000 Discount: 0 Net Realized: 95,000 NIC ($): Ave Life: 5.736842 NIC (%): Ave Coupon: 4.786239% Accrued Interest: 0 Net + Accrued: 95,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): In.rest 2 205.00 2 205.00 2 102.50 2 102.50 1 890.00 1 890.00 I 672.50 1 672.50 1 450.00 1 450.00 1,222.50 1,222.50 990.00 990.00 750.00 750.00 505.00 505.00 255.00 255.00 0.00 26,085.00 0.00 26,085.00 4~786239% 5.291844% 4.772041% Total Balance FiscalYear Bond Year Payment 95,000 TotalPmt TotalPmt 2,205.00 95,000 2,205.00 7,205.00 90,000 9,410.00 2,102.50 90,000 9,307.50 12,102.50 80,000 14,205.00 1,890.00 80,000 13,992.50 11,890.00 70,000 13,780.00 1,672.50 70,000 13,562.50 11,672.50 60,000 13,345.00 1,450.00 60,000 13,122.50 11,450.00 50,000 12,900.00 1,222.50 50,000 12,672.50 11,222.50 40,000 12,445.00 990.00 40,000 12,212.50 10,990.00 30,000 11,980.00 750.00 30,000 11,740.00 10,750.00 20,000 11,500.00 505.00 20,000 11,255.00 10,505.00 10,000 11,0!0.00 255.00 10,000 10,760.00 10,255.00 0 10,510.00 0.00 0 10,255.00 121,085.00 121,085.00 121,085.00 Maximum*: 13,992.50 14,205.00 Minimum *: 9,307.50 9,410.00 Difference: 4,685.00 4,795.00 Max and Min does not include first payme pedods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2007A $ 95,000 Total Pmt # Date Principal Rate Interest Payment 1 711/2007 2,205.00 2,205.00 2 111/2008 5,000 4.10% 2,205.00 7,205.00 3 7/1/2008 2,102.50 2,102.50 4 111/2009 10,000 4.25% 2,102.50 12,102.50 5 7/lr2009 1,890.00 1,890.00 6 1/lr2010 10,000 4.35% 1,890.00 11,890.00 7 7/1/2010 1,672.50 1,672.50 8 1/1/2011 10,000 4.45% 1,672.50 11,672.50 9 7/1/2011 1,450.00 1,450.00 10 1/1/2012 10,000 4.55% 1,450.00 11,450.00 11 7/1/2012 1,222.50 1,222.50 12 1/1/2013 10,000 4.65% 1,222.50 11,222.50 13 7/1/2013 990.00 990.00 14 1/1/2014 10,000 4.80% 990.00 10,990.00 15 7/1/2014 750.00 750.00 16 1/1/2015 10,000 4.90% 750.00 10,750.00 17 7/1/2015 505.00 505.00 18 1/1/2016 10,000 5.00% 505.00 10,505.00 19 7/1/2016 255.00 255.00 20 1/1/2017 10,000 5.10% 255.00 10,255.00 21 7/1/2017 0.00 0.00 95,000 26,085.00 121,085.00 Discount. 0 Net Realizedi 95,000 NIC ($): Ave Life: 5.736842 NIC (%): Ave Coupon: 4.786239% Accrued Interest: 0 Net + Accrued: 95,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 26,085.00 4.786239% 5.291844% 4.772041% Balance 95,000 95,000 90,000 90 000 80 000 80 000 70 000 70 000 60 000 60 000 50 000 50,000 40,000 40,000 30,000 30,000 20,000 20,000 10,000 10,000 0 0 FiscalYear Bond Year TotalPmt TotalPmt 2,205.00 9,410.00 9,307.50 14,205.00 13,992.50 13,780.00 13,562.50 13,345.00 13,122.50 12,900.00 12,672.50 12,445.00 12,212.50 11,980.00 11,740.00 11,500.00 11,255.00 11,010.00 10,760.00 10,510.00 10,255.00 121,085.00 121,085.00 Maximum*: 13,992.50 14,205.00 Minimum *: 9,307.50 9,410.00 Difference: 4,685.00 4,795.00 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2008B $ 95,000 Prat # Date 1 7/1/2008 2 1/1/2009 3 711/2009 4 1/1/2010 5 711/20!0 6 1/1/2011 7 7/1/2011 8 111/2012 9 7/1/2012 10 111/2013 11 7/1/2013 12 111/2014 13 711/2014 14 1/1/2015 15 7/1/2015 16 1/1/2016 17 711/2016 18 1/1/2017 19 7/1/2017 20 111/2018 21 7/1/2018 Principal Rate 5,000 4.10% 10,000 4.25% 10,000 4.35% 10,000 4.45% 10,000 4.55% 10,000 4.65% 10,000 4.80% 10,000 4.90% 10,000 5.00% 10,000 5.10% 95,000 Discount: 0 Net Realized: 95,000 NIC ($): Ave Life: 5.736842 NIC (%): Ave Coupon: 4.786239% Accrued Interest: 0 Net + Accrued: 95,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 2,205.00 2,205.00 2,102.50 2,102.50 1,890.00 1,890.00 1,672.50 1,672.50 1,450.00 1,450.00 1,222.50 1,222.50 990.00 990.00 750.00 750.00 505.00 505.00 255.00 255.00 0.00 26,085.00 0.00 26,085.00 4.786239% 5.291844% 4.772041% Total Payment 2,205.00 7,205.00 2,102.50 12,102.50 1,890.00 11,890.00 1,672.50 11,672.50 1,450.00 11,450.00 1,222.50 11,222.50 990.00 10,990.00 750.00 10,750.00 505.00 10,505.00 255.00 10,255.00 0.00 121,085.00 Balance FiscalYear Bond Year 95,000 TotalPmt TotalPmt 95,000 2,205.00 90,000 9,410.00 90,000 9,307.50 80,000 14,205.00 80,000 13,992.50 70,000 13,780.00 70,000_ 13,562.50 60,000' 13,345.00 60,000 13,122.50 . 50,000 12,900.00 50,000 12,672.50 40,000 12,445.00 40,000 12,212.50 30,000 11,980.00 30,000 11,740.00 20,000 11,500.00 20,000 11,255.00 10,000 11,010.00 10,000 10,760.00 0 10,510.00 0 10,255.00 121,085.00 121,085.00 Maximum*: 13,992.50 14,205.00 Minimum *: 9,307.50 9,410.00 Difference: 4,685.00 4,795.00 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2009B $ 300,000 Total Pmt # Date Principal Rate interest Payment 1 711/2009 6,980.00 6,980.00 2 1/1/2010 25,000 4.10% 6,980.00 31,980.00 3 7/1/2010 6,467.50 6,467.50 4 1/1/2011 25,000 4.25% 6,467.50 31,467.50 5 7/1/2011 5,936.25 5,936.25 6 1/1/2012 25,000 4.35% 5,936.25 30,936.25 7 7/1/2012 5,392.50 5,392.50 8 1/1/2013 30,000 4.45% 5,392.50 - 35,392.50 9 7/112013 4,725.00 4,725.00 10 1/1/2014 30,000 4.55% 4,725.00 34,725.00 11 7/1/2014 4,042.50 4,042.50 12 111/2015 30,000 4.65% 4,042.50 34,042.50 13 7/1/2015 3,345.00 3,345.00 14 1/112016 30,000 4.80% 3,345.00 33,345.00 15 7/1/2016 2,625.00 2,625.00 16 1/1/2017 35,000 4.90% 2,625.00 37,625.00 17 7/1/2017 1,767.50 1,767.50 18 1/1/2018 35,000 5.00% 1,767.50 36,767.50 19 7/1/2018 892.50 892.50 20 1/1/2019 35,000 5.10% 892.50 35,892.50 21 7/1/2019 0.00 0.00 300,000 84,347.50 384,347.50 Balance Fiscal Year Bond Year 300,000 Total Pmt Total Pmt 300,000 6,980.00 275,000 38,960.00 275,000 38,447.50 250,000 37,935.00 250,000 37,403.75 225,000 36,872.50 225,000 36,328.75 195,000 40,785.00 195,000 40,117.50 165,000 39,450.00 165,000 38,767.50 135,000 38,085.00 135,000 37,387.50 105,000 36,690.00 105,000 35,970.00 70,000 40,250.00 70,000 39,392.50 35,000 38,535.00 35,000 37,660.00 0 36,785.00 0 35,892.50 384,347.50 384,347.50 Discount: 0 0.00 Net Realized: 300,000 NIC ($): 84,347.50 Ave Life: 5.850000 NIC (%): 4.808125% Ave Coupon: 4.806125% Accrued Interest: 0 Net + Accrued: 300,000 Maximum*: 40,117.50 40,785.00 Minimum *: 35,892.50 36,690.00 Difference: 4,225.00 4,095.00 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.792136% City of Chanhassen, Minnesota Sanitary Sewer 2009B $ 100,000 Prat # Date 1 711/2009 2 1/1/2010 3 711/2010 4 1/1/2011 5 7/1/2011 6 1/1/2012 7 7/1/2012 8 111/2013 9 7/1/2013 10 1/1/2014 11 7/1/2014 12 111/2015 13 7/1/2015 14 111/2016 15 7/1/2016 16 111/2017 17 711/2017 18 1/1/2018 19 711/2018 20 1/1/2019 21 711/2019 Total Balance Fiscal Year Bond Year Principal Rate Interest Payment 100,000 Total Pmt Total Pmt 2,307.50 2,307.50 100,000 2,307.50 10,000 4.10% 2,307.50 12,307.50 90,000 14,615.00 2,102.50 2,102.50 90,000 14,410.00 10,000 4.25% 2,102.50 12,102.50 80,000 14,205.00 1,890.00 1,890.00 80,000 13,992.50 10,000 4.35% 1,890.00 11,890.00 70,000 13,780.00 1,672.50 1,672.50 70,000 13,562.50 10,000 4.45% 1,672.50 11,672.50 60,000 13,345.00 1,450.00 1,450.00 60,000 13,122.50 10,000 4.55% 1,450.00 11,450.00 50,000 12,900.00 1,222.50 1,222.50 50,000 12,672.50 10,000 4.65% 1,222.50 11,222.50 40,000 12,445.00 990.00 990.00 40,000 12,212.50 10,000 4.80% 990.00 10,990.00 30,000 11,980.00 750.00 750.00 30,000 11,740.00 10,000 4.90% 750.00 10,750.00 20,000 11,500.00 505.00 505.00 20,000 11,255.00 10,000 5.00% 505.00 10,505.00 10,000 11,010.00 255.00 255.00 10,000 i0,760.00 10,000 5.10% 255.00 10,255.00 0 10,510.00 0.00 0.00 0 10,255.00 100,000 26,290.00 126,290.00 126,290.00 126,290.00 Discount 0 Net Realized: 100,000 NIC ($): Ave Life: 5.500000 NIC (%): Ave Coupon: 4.780000% Accrued Interest: 0 Net + Accrued: 100,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 26,290.00 4.780000% 5.291844% 4.765O70% Maximum*: 14,410.00 14,615.00 Minimum *: 10,255.00 10,510.00 Difference: 4,155.00 4,105.00 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Sanitary Sewer 2010B $ 100,000 Total Balance Fiscal Year Bond Year Pmt # Date Principal Rate Interest Payment 100,000 Total Pmt Total Pmt 1 711/2010 2,307.50 2,307.50 100,000 2,307.50 2 111/2011 10,000 4.10% 2,307.50 12,307.50 90,000 14,615.00 3 711/2011 2,102.50 2,102.50 90,000 14,410.00 4 1/1/2012 10,000 4.25% 2,102.50 12,102.50 80,000 14,205.00 5 711/2012 1,890.00 1,890.00 80,000 13,992.50 6 1/1/2013 10,000 4.35% 1,890.00 11,890.00 70,000 13,780.00 7 ' 7/1/2013 1,672.50 1,672.50 70,000 13,562.50 8 111/2014 ' 10,000 4.45% 1,672.50 11,672.50 60,0D0 13,345,00 9 7/1/2014 1,450.00 1,450.00 60,000 13,122.50 10 1/1/2015 10,000 4.55% 1,450.00 il,450.00 50,000 12,900.00 11 7/1/2015 1,222.50 1,222.50 50,000 12,672.50 12 1/1/2016 10,000 4.65% 1,222.50 11,222.50 40,000 12,445,00 13 711/2016 990.00 990.00 40,000 12,212.50 14 111r2017 10,000 4.80% 990.00 10,990.00 30,000 11,980.00 15 7/1/2017 750.00 750.00 30,000 11,740.00 16 111/2018 10,000 4.90% 750.00 10,750.00 20,000 11,500.00 17 711/2018 505.00 505.00 20,000 11,255.00 18 111/2019 10,000 5.00% 505.00 10,505.00 10,000 11,010,00 19 711/2019 255.00 255.00 10,000 10,760.00 20 1/1/2020 10,000 5.10% 255.00 10,255.00 0 10,510.00 21 7/1/2020 0.00 0.00 0 10,255.00 100,000 26,290.00 126,290.00 126,290.00 126,290.00 Discount. 0 0.00 Net Realized: 100,000 NIC ($): 26,290.00 Ave Life: 5.500000 NIC (%): 4.780000% Ave Coupon: 4.780000% Accrued Interest: 0 Net + Accrued: 100,000 Maximum*: 14,410.00 14,615.00 Minimum *: 10,255.00 10,510.00 Difference: 4,155.00 4,105.00 Max and Min does not include first payme pedods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.765070% City of Chanhassen, Minnesota Sanitary Sewer 2011B $ 100,000 Total Balance Prat # Date Principal Rate Interest Payment 100,000 1 7/1/2011 2,307.50 2,307.50 100,000 2 1/1/2012 ~10,000 4.10% 2,307.50 12,307.50 90,000 3 7/1/2012 2,102.50 2,102.50 90,000 4 1/1/2013 10,000 4.25% 2,102.50 12,102.50 80,000 5 7/1/2013 1,890.00 1,890.00 80,000 6 1/1/2014 10,000 4.35% 1,890.00 11,890.00 70,000 7 711/2014 1,672.50 1,672.50 70,000 8 1 I1/2015 10,000 4.45% 1,672.50 11,672.50 60,000 9 7/1/2015 1,450.00 1,450.00 60,000 10 1/1/2016 10,000 4.55% 1,450.00 11,450.00 50,000 11 7/1/2016 1,222.50 1,222.50 50,000 12 1/1/2017 10,000 4.65% 1,222.50 11,222.50 40,000 13 7/1/2017 990.00 990.00 40,000 14 1/1/2018 10,000 4.80% 990.00 10,990.00 30,000 15 7/1/2018 750.00 750.00 30,000 18 1/1/2019 10,000 4.90% 750.00 10,750.00 20,000 17 7/1/2019 505.00 505.00 20,000 18 1/1/2020 10,000 5.00% 505.00 10,505.00 10,000 19 7/1/2020 255.00 255.00 10,000 20 1/1/2021 10,000 5.10% 255.00 10,255.00 0 21 7/1/2021 0.00 0.00 0 100,000 26,290.00 126,290.00 Discount: 0 0.00 Fiscal Year Bond Year Total Pmt Total Prat 2,307.50 14,615.00 14,410.00 14,205.00 13,992.50 13,780.00 13,562.50 13,345.00 13,122.50 12,900.00 12,672.50 12,445.00 12,212.50 11,980.00 11,740.00 11,500.00 11,255.00 11,010.00 10,760.00 10,510.00 10,255.00 126,290.00 126,290.00 Net Realized: 100,000 NIC ($): 26,290.00 Ave Life: 5.500000 NIC (%): 4.780000% Ave Coupon: 4.780000% Accrued interest: 0 Net + Accrued: 100,000 Maximum*: 14,410.00 !4,615.00 Minimum *: 10,255.00 10,510.00 .Difference: 4,155.00 4,105.00 Max and Min does not include first payme periods with no principal payments. TiC (%) (from Dated Date): 5.291844% TiC (%) (from Delivery Date): 4.765070% City of Chanhassen, Minnesota Roads 1999A $ 1,125,000 Pmt # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Date Principal Rate Interest 7/1/2000 27,608.75 1/1/2001 55,000 4.10% 27,608.75 7/1/2001 26,481.25 1/1/2002 55,000 4.25% 26,481.25 7/1/2002 25,312.50 1/1/2003 55,000 4.35% 25,312.50 7/1/2003 24,116.25 1/1/2004 60,000 4.45% 24,116.25 7/1/2004 22,781.25 1/1/2005 65,000 4.55% 22,781.25 7/1/2005 21,302.50 1/1/2006 65,000 4.65% 21,302.50 7/1/2006 19,791.25 1/1/2007 70,000 4.80% 19,791.25 7/1/2007 18,111.25 1/1/2008 70,000 4.90% 18,111.25 7/1/2008 161396.25 1/1/2009 75,000 5.00% 16,396.25 7/1/2009 14,521.25 . 1/1/2010 80,000 5.10% 14,521.2.5 7/1/2010 12,481.25 1/1/2011 85,000 5.15% 12,481.25 7/1/2011 10,292.50 1/1/2012 90,000 5.20% 10,292.50 7/1/2012 7,952.50 1/1/2013 95,000 5.25% 7,952.50 7/1/2013 5,458.75 1/1/2014 100,000 5.30% 5,458.75 7/1/2014 2,808.75 1/1/2015 105,000 5.35% 2,808.75 7/1/2015 0.00 1,125,000 510,832.50 Total Payment 27,608.75 82,608.75 26,481.25 81,481.25 25,312.50 80,312.50 24,116.25 84,116.25 22,781.25 87,781.25 21,302.50 86,302.50 19,791.25 89,791.25 18,111.25 88,111.25 16,396.25 91,396.25 14 521.25 94 521.25 12 481.25 97 481.25 10 292.50 100 292.50 7 952.50 102952.50 5,458.75 105,458.75 2,808.75 107,808.75 0.00 1,635,832.50 Balance 1,125,000 1,125,000 1,070,000 1,070,000 1,015,000 1,015,000 960,000 960,000 900,000 900 000 835 000 835 000 770 000 770 000 700 000 700 000 630 000 630 000 555 000 555.000 475 000 475,000 390,000 390,000 300,000 300,000 205,000 205,000 105,000 105,000 0 0 FiscalYear Bond Year TotalPmt TotalPmt 27,608.75 110,217.50 109,090.00 107,962.50 106,793.75 105,625.00 104,428.75 108,232.50 106,897.50 110,562.50 109,083.75 107,605.00 106,093.75 109,582.50 107,902.50 106,222.50 104,507.50 107,792.50 105,917.50 109,042.50 107,002.50 109,962.50 107,773.75 110,585.00 108,245.00 110,905.00 108,411;25 110,917.50 108,267.50 110,617.50 107,808.75 1,635,832.50 1,635,832.50 Discount: 0 0.00 Net Realized: 1,125,000 NIC ($): 510,832.50 Ave Life: 8.920000 NIC (%): 5.090508% Ave Coupon: 5.090508% Accrued Interest: 0 Net + Accrued: 1,125,000 Maximum*: 109,090.00 110,917.50 Minimum *: 104,428.75 105,625.00 Difference: 4,661.25 5,292.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.068050% City of Chanhassen, Minnesota Roads 2000A $ 1,330,000 Pmt # Date Pdncipal Rate 1 7/1/2000 2 1/1/2001 65,000 4.10% 3 7/1/2001 4 1/1/2002 65,000 4.25% 5 7/1/2002 6 1/1/2003 70,000 4.35% 7 7/1/2003 8 1/1/2004 70,000 4.45% 9 711/2004 10 1/1/2005 75,000 4.55% 11 7/1/2005 12 111r2006 80,000 4.65% 13 7/1/2006 14 1/1/2007 80,000 4.80% 15 7/1/2007 16 1/1/2008 85,000 4.90% 17 7/1/2008 18 1/1/2009 90,000 5.00% 19 7/1/2009 20 1/1/2010 95,000 5.10% 21 711/2010 22 111/2011 100,000 5.15% 23 7/1/2011 24 1/1/2012 105,000 5.20% 25 7/1/2012 26 1/1/2013 110,000 5.25% 27 7/1/2013 28 1/1/2014 116,000 5.30% 29 7/1/2014 30 1/1/2015 125,000 5.35% 31 7/1/2015 1,330,000 Discount: 0 Net Realized: 1,330,000 NIC ($): Ave Life: 8.883459 NIC (%): Ave Coupon: 5.088489% Accrued Interest: 0 Net + Accrued: 1,330,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 32,618.75 32,618.75 31,286.25 31,286.25 29,905.00 29,905.00 28,382.50 28,382.50 26,825.00 26,825.00 25,118.75 25,118.75 23,258.75 23,258.75 21,338.75 21,338.75 19,256.25 19,256.25 17,006.25 17,006.25 14,583.75 14,583.75 12,008.75 12,008.75 9,278.75 9,278.75 6,391.25 6,391.25 3,343.75 3,343.75 0.00 601,205.00 0.00 601,205.00 5.088489% 5.291844% 5.065862% Total Payment 32 618.75 97 618.75 31 286.25 96 286.25 29 905.00 99 905.00 28 382.50 98 382.50 26 825.00 101,825.00 25,118.75 105,118.75 23,258.75 103,258.75 21,338.75 106,338.75 19,256.25 109,256.25 17,006.25 112,006.25 14,583.75 114,583.75 12,008.75 117,008.75 9,278.75 119,278.75 6,391.25 121,391.25 3,343.75 128,343.75 0.00 ,931,205.00 Balance FiscalYear Bond Year 1,330,000 To~lPmt To~lPmt 1,330,000 32,618.75 1,265,000 130,237.50 1,265,000 128,905.00 1,200,000 127,572.50 1,200,000 126,191.25 1,130,000~ 129,810.00 1,130,000 128,287.50 1,060,000 126,765.00 1,060,000 125,207.50 985,000 128,650.00 985,000 126,943.75 905,000 130,237.50 905,000 128,377.50 825,000 126,517.50 825,000 124,597.50 740,000 127,677.50 740,000 125,595.00 650,000 128,512.50 650,000 126,262.50 555,000 129,012.50 555,000 126,590.00 455,000 129,167.50 455,000 126,592.50 350,000 129,017.50 350,000 126,287.50 240,000 128,557.50 240,000 125,670.00 125,000 127,782.50 125,000 124,735.00 0 131,687.50 0 128,343.75 1,931,205.00 1,931,205.00 Maximum*: 128,905.00 131,687.50 Minimum *: 124,597.50 126,517.50 Difference: 4,307.50 5,170.00 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Roads 2001A $ 2,145,000 Prat # Date Principal Rate I 7/1/2001 2 1 I1/2002 100,000 4.10% 3 7/1/2002 4 1/1/2003 105,000 4.25% 5 711/2003 ' 6 1/1/2004 110,000 4.35% 7 7/1/2004 8 111/2005 115,000 4.45%' 9 7/1/2005 10 1/1/2006 120,000 4.55% 11 7/1/2006 12 11~1r2007 125,000 4.65% 13 7/1/2007 14 1/1/2008 130,000 4.80% 15 7/1/2008 16 1/1/2009 140,000 4.90% 17 7/1/2009 18 1/1/2010 145,000 5.00% 19 7/1/2010 20 111/2011 155,000 5.10% 21 7/1/2011 22 1/1/2012 160,000 5.15% 23 7/1/2012 24 111/2013 170,000 5.20% 25 7/1/2013 26 1/1/2014 180,000 5.25% 27 7/1/2014 28 1/1/2015 190,000 5.30% 29 7/1/2015 30 1/1/2016 200,000 5.35% 31 7/lr2016 2,145,000 Discount: 0 Net Realized: 2,145,000 NIC ($): Ave Life: 8.920746 NIC (%): Ave Coupon: 5.089809% Accrued Interest: 0 Net + Accrued: 2,145,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 52,646.25 52,646.25 50,596.25 50,596.25 48,365.00 48,365.00 45,972.50 45,972.50 43,413.75 43,413.75 40,683.75 40,683.75 37,777.50 37,777.50 34,657.50 34,657.50 31,227.50 31,227.50 27,602.50 27,602.50 23,650.00 23,650.00 19,530.00 19,530.00 15,110.00 15,110.00 10,385.00 10,385.00 5,350.00 5,350.00 0.00 973,935.00 0.00 973,935.00 5.089809% 5.291844% 5.067370% Total Payment 52,646.25 152,646.25 50,596.25 155,596.25 48,365.00 158,365.00 45,972.50 160,972.50 43,413.75 163,413.75 40,683.75 165,683.75 37,777.50 167 777~50 34 657.50 174 657.50 31 227.50 176 227.50 27 602.50 182 602.50 23 650.00 183 650.00 19,530.00 189,530.00 15,110.00 195,110.00 10,385.00 200,385.00 5,350.00 205,350.00 0.00 3,118,935.00 Balance 2,145,000 2,145,000 2,O45,O00 2,045,000 1,940,000 1,940,000 1,830,000 1,830,000 1,715,000 1,715,000 1,595,000 1,595,000 1,470,000 1,470,000 1,340,000 1,340,000 1,200,000 1,200,000 1,055,000 1,055,000 900,000 900 000 740 000 740 000 570 000 570 000 390 000 390 000 200 000 200 000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt 52,646.25 205,292.50 203,242.50 206,192.50 203,961.25 206,730.00 204,337.50 206,945.00 204,386.25 206,827.50 204,097.50 206,367.50 203,461.25 205,555.00 202,435.00 209,315.00 205,885.00 207,455.00 203,830.00 210,205.00 206,252.50 207,30~00 203,180.00 209,060.00 -204,640.00 210,220.00 205,495.00 210,770.00 205,735.00 210,700.00 205,350.00 3,118,935.00 3,118,935.00 Maximum*: 206,252.50 210,770.00 Minimum *: 202,435.00 205,292.50 Difference: 3,817.50 5,477.50 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Roads 2002A $ 310,000 Pmt # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Date Principal Rate 711/2002 111/2003 15,000 4.10% 7/1/2003 1/1/2004 15,000 4.25% 711r2oo4 1/1/2oo5 15,ooo 4.35% 7/1/2oo5 111/2oo6 15,ooo 4.45% 711/2oo6 1/1/2oo7 20,000 4.55% 7/1/2o07 111/2oo8 20,000 4.65% 7/1/2oo8 1/1/2oo9 20,000 4.80% 7/1/2oo9 1/1/'2OLO 20,000 4.90% 7/1/2Ol o 111/2Ol I 20,000 5.00% 7/1/2Ol 1 1/1/2o12 20,000 5.1o% 711/2o12 1/1/2o13 25,000 5.15% 7/1/2013 1/1/2o14 25,000 5.2o% 711/2o14 1/1/2o15 25,000 5.25% 7/1/2Ol 5 111/2o16 25,000 5.30% 7/1/2o16 1/1/2o17 30,000 5.35% 711/2o17 31o,ooo Interest 7,601.25 7,601.25 7,293.75 7 293.75 6 975.00 6 975.00 6 648.75 6 648.75 6 315.00 6 315.00 5 860.00 5,860.00 5,395.00 5,395.00 4,915.00 4,915.00 4,425.00 4,425.00 3,925.00 3,925.00 3,415.00 3,415.00 2,771.25 2,771.25 2,121.25 2,121.25 1,465.00 1,465.0o 802.50 802.50 0.oo 139,857.50 Total Balance Fiscal Year Payment 310,000 Total Pmt 7,601.25 310,000 7,601.25 22,601.25 295,000 7,293.75 295,000 29,895.00 22,293.75 280,000 6,975.00 280,000 29,268.75 21,975.00 265,000 6,648.75 265,000 28,623.75 21,648.75 250,000 6,315.00 250,000 27,963.75 26,315.00 230,000 5,860.00 230,000 32,175.00 25,860.00 210,000 5,395.00 210,000 31,255.00 25,395.00 190,000 4,915.00 190,000 30,310.00 24,915.00 170,000 4,425.00 170,000 29,340.00 24,425.00 150~000 3,925.00 150,000 28,350.00 23,925.00 130,000 3,415.00 130,000 ' 27,340.00 28,415.00 105,000 2,771.25 105,000 31,186.25 27,771.25 80,000 2,121.25 80,000 29,892.50 27,121.25 55,000 1,465.00 55,000 28,586.25 26,465.00 . 30,000 802.50 30,000 27,267.50 30,802.50 0 0.00 0 30,802.50 449,857.50 449,857.50 Bond Year TotalPmt 30,202.50 29,587.50 '28,950.00 28,297.50 32,630.00 31,720.00 30,790.00 29,830.00 28,850.00 27,85O.OO 31 830.00 30,542.5O 29,242.50 27,930.00 31,605.00 449,857.50 Discount: 0 0.00 Net Realized: 310,000 NIC ($): 139,857.50 Ave Life: 8.870968 NIC (%): 5.085727% Ave Coupon: 5.085727% Accrued Interest: 0 Net + Accrued: 310,000 Maximum*: 32,175.00 32,630.00 Minimum *: 27,267.50 27,850.00 Difference: 4,907.50 4,780.00 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.063002% City of Chanhassen, Minnesota Roads 2006A $ 2,045,000 Prat # Date Principal 1 711/2006 2 1/1/2007 95,000 3 711/2007 4 1/lr2oo8 lOO,OOO 5 7/1/2oo8 6 1/1/2oo9 - lO5,OOO 7 7/1/2oo9 8 1/1/201o 11o,ooo 9 711/2OLO lO 1/lr2Oll 115,ooo 11 7/1/2o 11 12 1/1/2012 120,000 13 7/1/2012 14 111/2013 125,000 15 7/1/2013 16 1/1/2014 135,000 17 7/1/2014 18 111/2015 140,000 19 7/lr2015 20 111/2016 145,000 21 7/1/2016 22 1/1/2017 155,000 23 7/lr2017 24 1/1/2018 160,000 25 7/1/2018 26 1/1/2019 170,000 27 7/1/2019 28 111/2020 180,000 29 7/lr2020 30 1/lr2021 190,000 31 7/1/2021 2,045,000 R ate Interest 50,181.25 4.10% 50,181.25 48,233.75 4.25% 48,233.75 46,108.75 4.35% 46,108.75 43,825.00 4.45% 43,825.00 41,377.50 4.55% 41,377.50 38,761.25 4.65% 38,761.25 35,971.25 4.80% 35,971.25 32,971.25 4.90% 32,971.25 29,663.75 5.00% 29,663.75 26,163.75 5.10% 26,163.75 22,466.25 5.15% 22,466.25 18,475.00 5.20% 18,475.00 14,315.00 5.25% 14,315.00 9,852.50 5.30% 9,852.50 5,082.50 5.35% 5,082.50 0.00 926,897.50 Discount: 0 Net Realized: 2,045,000 Ave Life: 8.907090 Ave Coupon: 5.088649% Accrued Interest: 0 Net + Accrued: 2,045,000 0.00 NIC ($): 926,897.50 NIC (%): 5.088649% TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 5.291844% 5.066173% Total Payment 50 181.25 145 181.25 48 233.75 148233.75 46 108.75 151 108.75 43 825.0O 153 825.00 41 377.50 156 377.50 38 761.25 158 761.25 35 971.25 160,971.25 32,971.25 167,971.25 29,663.75 169,663.75 26,163.75 171,163.75 22,466.25 177,466.25 18,475.00 178,475.00 14,315.00 184,315.00 9,852.50 189,852.50 5,082.50 195,082.50 0:00 2,971,897.50 Balance Fiscal Year Bond Year 2,045,000 Total Prat Total Pmt 2,045,000 50,181.25 1,950,000 195,362.50 1,950,000 193,415.00 1,850,000 196,467.50 1,850,000 194,342.50 1,745,000 197,217.50 1,745,000 194,933.75 1,635,000 197,650.00 1,635,000 195,202.50 1,520,000 197,755.00 1,520,000 195,138.75 1,400,000 197,522.50 1,400,000 194,732.50 1,275,000 196,942.50 1,275,000 193,942.50 1,140,000 200,942.50 1,140,000 197,635.00 1,000,000 199,327.50 1,000,000 195,827.50 855,000 197,327.50 855,000 193,630.00' 700,000 199,932.50 700,000 195,941.25 540,000 196,950.00 540,000 192,790.00 370,000 198,630.00 370,000 194,167.50 190,000 199,705.00 190,000 194,935.00 0 200,165.00 0 195,082.50 2,971,897.50 2,971,897.50 Maximum*: 197,635.00 200,942.50 Minimum *: 192,790.00 195,362.50 Difference: 4,845.00 5,580.00 Max and Min does not include first payme pedods with no principal payments. City of Chanhassen, Minnesota Roads 2007A $ 3,065,000 Prat # Date Principal Rate 1 711r2007 2 1/1/2008 145,000 4.10% 3 7/1/2008 4 1 i1/2009 150,000 4.25% 5 7/1/2009 6 1/1/2010 155,000 4.35% 7 7/1/2010 8 1/1/2011 165,000 4.45% 9 7/1/2011 10 1/1/2012 170,000 4.55% 11 7/1/2012 12 1/1/2013 180,000 4.65% 13 7/1/2013 14 1/1/2014 190,000 4.80% 15 7/1/2014 16 1/1/2015 200,000 4.90% 17 7/1/2015 18 111/2016 210,000 5.00% 19 711/2016 20 1/1/2017 220,000 5.10% 21 7/1/2017 22 1/1/2018 230,000 5.15% 23 7/1/2018 24 1/1/2019 240,000 5.20% 25 711/2019 26 1/1/2020 255,000 5.25% 27 7/1/2020 28 1/1/2021 270,000 5.30% 29 7/lr2021 30 1/1/2022 285,000 5.35% 31 711/2022 3,065,000 Discount: 0 Interest 75,210.00 75,210.00 72,237.50 72,237.50 69,050.00 69,050.00 65,678.75 65,678.75 62,007.50 62,007.50 58,140.00 58,140.00 53,955.00 53,955.00 49,395.00 49,395.00 44,495.00 44,495.00 39,245.00 39,245.00 33,635.00 33,635.00 27,712.50 27,712.50 21,472.50 21,472.50 14,778.75 14,778.75 7,623.75 7,623.75 0.00 1,389,272.50 0.00 Net Realized: 3,065,000 Ave Life: 8.907015 Ave Coupon: 5.088910% NIC ($): 1,389,272.50 NIC (%): 5.088910% Accrued Interest: 0 Net + Accrued: 3,065,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 5.291844% 5.066458% Total Payment 75,210.00 220,210.00 72,237.50 222,237.50 69,050.00 224,050.00 65,678.75 230,678.75 62 007.50 232 O07.5O 58 140.00 238 140.00 53 955.00 243 955.00 49 395.OO 249 395.0O 44 495.OO 254 495.00 39 245.00 25S 245.00 33, 635.00 263 635.00 27,712.50 267,712.50 2! ,472.50 276,472.50 14,778.75 284,778.75 7,623.75 292,623.75 0.00 4,454,272.50 Balance Fiscal Year Bond Year 3,065,000 Total Pmt Total Prat 3,065,000 75,210.00 2,920,000 295,420.00 2,920,000 292,447.50 2,770,000 294,475.00 2,770,000 291,287.50 2,615,000 293,100.00 2,615,000 289,728.75 2,450,000 296,357.50 2,450,000 292,686.25 2,280,000 294,015.00 2,280,000 290,147.50 2,100,000 296,280.00 2,100,000 292,095.00 1,910,000 297,910.00 1,910,000 293,350.00 1,710,000 298,790.00 1,710,000 293,890.00 1,500,000 298,990.00 1,500,000 293,740.00 1,280,000 298,490.00 1,280,000 292,880.00 1,050,000 297,270.00 1,050,000 291,347.50 810,000 295,425.00 810,000 289,185.00 555,000 297,945.00 555,000 291,251.25 285,000 299,557.50 285,000 292,402.50 0 300,247.50 0 292,623.75 4,454,272.50 4,454,272.50 Maximum*: 293,890.00 300,247.50 Minimum *: 289,185.00 293,100.00 Difference: 4,705.00 7,147.50 Max and Min does not include first payme pedods with no principal payments. City ofChanhassen, Minnesota Roads 2008A $ 310,000 Prat # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Date Principal Rate 7/1/2008 1/1/2009 15,000 4.10% 7/1/2009 1/1/2010 15,000 4.25% 7/lr2010 1/1/2011 15,000 4.35% 7/1/2011 1/1/2012 15,000 4.45% 7/1/2012 1/1/2013 20,000 4.55% 7/1/2013 1/1/2014 20,000 4.65% 7/1/2014 1/1/2015 20,000 4.80% 7/1/2015 1/1/2016 20,000 4.90% 7/1/2016 1/1/2017 20,000 5.00% 7/1/2017 1/1/2018 20,000 5.10% 7/1/2018 1/1/2019 25,000 5.15% 7/1/2019 1/1/2020 25,000 5.20% 7/1/2020' 1/1/2021 25,000 5.25% 7/1/2021 1/1/2022 25,000 5.30% 7/1/2022 1/1/2023 30,000 5.35% 7/1/2023 310,000 Interest 7,601.25 7 601.25 7 293.75 7 293.75 6 975.00 6 975.00 6 648.75 6 648.75 6 315.00 6 315.00 5 860.00 5 860.00 5,395.00 5 395.00 4 915.00 4 915.00 4 425.00 4 425.00 3 925.00 3 925.00 3 415.00 3 415.00 2 771.25 2 771.25 2,121.25 2,121.25 1,465.00 1,465.00 802.50 802.50 0.00 139,857.50 Total Payment 7,601.25 22,601.25 7,293.75 22,293.75 6,975.00 21,975.00 6,648.75 21,648.75 6,315.00 26,315.00 5,860.00 25,860.00 5,395.00 25,395.00 4,915.00 24,915.00 4,425.00 24,425.00 3,925.00 23,925.00 3,415.00 28,415.00 2,771.25 27,771.25 2,121.25 27,121.25 1,465.00 26,465.00 802.50 30,802.50 0.00 449,857.50 Balance 310,000 310,000 295,000 295,000 280,000 280,000 265,000 265,000 250,000 250,000 230,000 230,000 210,000 210,000 190,000 190,000 170,000 170,000 150,000 150,000 130,000 130,000 105,000 105,000 80,000 80,000 55,000 55,000 30,000 30,000 0 0 FiscalYear TotslPmt 7,601.25 29,895.00 29,268.75 28,623.75 27,963.75 32,175.00 31,255.00 30,310.00 29,340~00 28,350.00 27,340.00 31 186.25 29,892.50 28,586.25 27,267.50 30,802.50 449,857.50 Bond Year TotslPmt 30,202.50 29,587.50 28,950.00 28,297.50 32,630.00 31,720.00 30,790.00 29,830.00 28,850.00 27,850.00 31,830.00 30,542.50 29,242.50 27,930.00 31 605.00 449,857.50 Discount: 0 0.00 NetReal~ed: 310,000 NIC ($): 139,857.50 AveLi~: 8.870968 NIC (%): 5.085727% Ave Coupon: 5.085727% Accrued Interest 0 Net + Accrued: 310,000 Maximum*: 32,175.00 32,630.00 Minimum *: 27,267.50 27,850.00 Difference: 4,907.50 4,780.00 Max and Min does not include first paymen periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.063002% City of Chanhassen, Minnesota Roads 2010A $ 770,000 Prat # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 17 18 19 2O 21 22 23 24 25 26 27 28 29 3O 31 Date Principal 711/2010 111/2011 35,000 7/1/2011 111/2012 40,000 711/2012 111/2013 40,000 711/2013 111/2014 40,000 711/2014 111/2015 45,000 7/1/2015 111/2016 45,000 711/2016 1/1/2017 45,000 7/1/2017 1/1/2018 50,000 711/2018 111/2019 50,000 711/2019 111/2020 55,000 711/2020 111/2021 60,000 711/2021 111/2022 60,000 71112022 111/2023 65,000 711/2023 111/2024 70,000 711/2024 111/2025 70,000 7/1/2025 770,000 R ate 4.10% 4.25% 4.35% 4.45% 4.55% 4.65% 4.80% 4.90% 5.00% 5.10% 5.15% 5.20% 5.25% 5.30% 5.35% Discount: 0 Net Realized: 770,000 NIC ($): Ave Life: 8.909091 NIC (%): Ave Coupon: 5.089577% Accrued Interest: 0 Net + Accrued: 770,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): IntereM 18,893.75 18,893.75 18,176.25 18,176.25 17,326.25 17,326.25 16,456.25 16,456.25 15,566.25 15,566.25 14,542.50 14,542.50 13,496.25 13,496.25 12,416.25 12,416.25 11,191.25 11,191.25 9,941.25 9,941.25 8,538.75 8,538.75 6,993.75 6,993.75 5,433.75 5,433.75 3,727.50 3,727.50 1,872.50 1,872.50 0.00 349,145.00 0.00 349,145.00 5.089577% 5.291844% 5.067043% Total Balance Fiscal Year Bond Year · Payme~ 770,000 Total Prat Total Pmt 18,893.75 770,000 18,893.75 53,893.75 735,000 72,787.50 18,176.25 735,000 72,070.00 58,176.25 695,000 76,352.50 17,326.25 695,000 75,502.50 57,326.25 655,000-. 74,652.50 16,456.25 655,000 73,782.50 56,456.25 615,000 72,912.50 15,566.25 615,000 72,022.50 60,566.25 570,000 76,132.50 14,542.50 570,000 75,108.75 59,542.50 525,000 74,085.00 13,496.25 525,000 73,038.75 58,496.25 480,000 71,992.50 12,416.25 480,000 70,912.50 62,416.25 430,000 74,832.50 11,191.25 430,900 73,607.50 61,191.25 380,000 72,382.50 9,941.25 380,000 71,132.50 64,941.25 325,000 74,882.50 8,538.75 325,000 73,480.00 68,538.75 265,000 77,077.50 6,993.75 265,000 75,532.50 66,993.75 205,000 73,987.50 5,433.75 205,000 72,427.50 70,433.75 140,000 75,867.50 3,727.50 140,000 74,161.25 73,727.50 70,000 77,455.00 1,872.50 70,000 75,600.00 71,872.50 0 73,745.00 0.00 0 71 872.50 1,119,145.00 1,119,145.00 1,119,145.00 Maximum*: 75,600.00 77,455.00 Minimum *: 70,912.50 71,992.50 Difference: 4,887.50 5,462.50 Max and Min does not include first payment periods with no principal payments. city of Chanhassen, Minnesota Roads 2011A $ 920,000 Pmt # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 28 29 30 31 Date Principal Rate Interest 7/1/2011 22,573.75 1/1/2012 45,000 4.10% 22,573.75 7/1/2012 21,651.25 1/1/2013 45,000 4.25% 21,651.25 7/1/2013 20,695.00 1/1/2014 45,000 4.35% 20,695.00 7/1/2014 19,716.25 1/1/2015 50,000 4.45% 19,716.25 7/1/2015 18,603.75 1/1/2016 50,000 4.55% 18,603.75 7/1/2016 17,466.25 1/1/2017 55,000 4.65% 17,466.25 7/1/2017 16,187.50 1/1/2018 55,000 4.80% 16,187.50 7/1/2018 14,867.50 1/1/2019 60,000 4.90% 14,867.50 7/1/2019 13,397.50 1/1/2020 65,000 5.00% 13,397.50 7/1/2020 11,772.50 1/1/2021 65,000 5.10% 11,772.50 1/1/2022 70,000 5.15% 10,115.00 7/1/2022 8,312.50 1/1/2023 75,000 5.20% 8,312.50 7/1/2023 6,362.50 1/1/2024 75,000 5.25% 6,362.50 7/1/2024 4,393.75 1/1/2025 80,000 5.30% 4,393.75 7/1/2025 2,273.75 1/1/2026 85,000 5.35% 2,273.75 7/1/2026 0.00 920,000 416,777.50 Total Payment 22,573.75 67,573.75 21,651.25 66,651.25 20,695.00 65,695.00 19,716.25 69,716.25 18,603.75 68,603.75 17,466.25 72,466.25 16,187.50 71,187.50 14,867.50 74,867.50 13,397.50 78,397.50 t 1,772.50 76,772.50 10,115.00 80,115.00 8,312.50 83,312.50 6,362.50 81,362.50 4,393.75 84,393.75 2,273.75 87,273.75 0.00 1,336,777.50 Balance 920,000 920,000 875,000 875,000 830,000 830,000 785,000 785,000 735,000 735,000 685,0O0 685,000 630,000 630,000 575,000 575,000 515,000 515,000 450,000 450,000 385,000 385,000 315 000 315 000 240 000 240 000 165 000 165 000 85 000 85 000 0 0 FiscalYear TotslPmt 22,573.75 89,225.00 87,346.25 85,411.25 88,320.00 86,070.00 88,653.75 86,055.00 88,265.00 90,170.00 86,887.50 88,427.50 89,675.00 85,756.25 88,667.50 87,273.75 Bond Year TotalPmt 90,147.50 88,302.50 86,390.00 89,432.50 87,207.50 89,932.50 87,375.00 89,735.00 91 795.00 88,545.00 90,230.00 91,625.00 87,725.00 88,787.50 89,547.50 1,336,777.50 1,336,777.50 Discount: 0 0.00 Net Realized: 920,000 NIC ($): 416,777.50 Ave Life: 8.902174 NIC (%): 5.088858% Ave Coupon: 5.088858% Accrued Interest: 0 Net + Accrued: 920,000 Maximum*: 90,170.00 91,795.00 Minimum *: 85,411.25 86,390.00 Difference: 4,758.75 5,405.00 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.066513% City of Chanhassen, Minnesota Roads 2016A $ 820,000 Pmt # Date Principal Rate Interest 1 7/1/2016 20,113.75 2 1/1/2017 40,000 4.10% 20,113.75 3 7/1/2017 19,293.75 4 111/2018 40,000 4.25% 19,293.75 5 7/1/2018 18,443.75 6 1/1/2019 40,000 4.35% 18,443.75 7 7/1/2019 17,573.75 8 1/1/2020 45,000 4.45% 17,573.75 9 7/1/2020 16,572.50 10 1/1/2021 45,000 4.55% 16,572.50 11 7/1/2021 15,548.75 12 1/1/2022 50,000 4.65% 15,548.75 13 7/1/2022 14,386.25 14 1/1/2023 50,000 4.80% 14,386.25 15 7/1/2023 13,186.25 16 111/2024 55,000 4.90% 13,186.25 17 7/1/2024 11,838.75 18 111/2025 55,000 5.00% 11,838.75 19 7/1/2025 10,463.75 20 1/1/2026 60,000 5.10% 10,463.75 21 7/1/2026 8,933.75 22 1/1/2027 60,000 5.15% 8,933.75 23 7/1/2027 7,388.75 24 1/1/2028 65,000 5.20% 7,388.75 25 7/1/2028 5,698.75 26 1/1/2029 70,000 5.25% 5,698.75 27 711/2029 3,861.25 28 1/1/2030 70,000 5.30% 3,861.25 29 7/1/2030 2,006.25 30 1/1/2031 75,000 5.35% 2,006.25 31 7/1/2031 0.00 820,000 370,620.00 Total Payment 20 113.75 60 113.75 19 293.75 59 293.75 18 443.75 58 443.75 17 573.75 62 573.75 16,572.50 61,572.50 15,548.75 65,548.75 14,386.25 64,386.25 13,186.25 68,186.25 11 ;838.75 66,838.75 10,463.75 70,463.75 8,933.75 68,933.75 7,388.75 72,388.75 5,698.75 75,698.75 3,861.25 73,861.25 2,006.25 77,006.25 0.00 1,190,620.00 Balance 820,000 820,000 780,000 780,000 740,000 740,000' 700,000 700,000 655,000 655,000 610.000 610 ~00 560 000 560 000 510 000 510 000 455 000 455 000 400 000 400 000 340 000 340 000 280 000 280 000 215 000 215 000 145 000 145 000 75,000 75,000 0 0 FiscalYear Bond Year TotalPmt Total Pmt 20,113.75 80,227.50 79,407.50 78,587.50 77,737.50 76,887.50 76,017.50 80,147.50 79,146.25 78,145.00 77,121.25 81,097.50 79,935.00 78,772.50 77,572.50 81,372.50 80,025.00 78,677.50 77,302.50 80,927.50 79,397.50 77,867.50 76,322.50 · 79,777.50 78,087.50 81,397.50 79,560.00 77,722.50 75,867.50 79,012.50 77,006.25 1,190,620.00 1,190,620.00 Discount: 0 0.00 Net Realized: 820,000 NIC ($): Ave Life: 8.884146 NIC (%): Ave Coupon: 5.087440% Accrued Interest: 0 Net + Accrued: 820,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 370,620.00 5.087440% 5.291844% 5.064999% Maximum*: 80,025.00 81,397.50 Minimum *: 75,867.50 76,887.50 Difference: 4,157.50 4,510.00 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Roads 2017A $ 920,000 Pmt # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Total Date Principal Rate Interest Payment 7/1/2017 22,573.75 22,573.75 1/1/2018 45,000 4.10°/0 22,573.75 67,573.75 7/1/2018 21,651.25 21,651.25 111/2019 45,000 4.25°/0 21,651.25 66,651.25 711/2019 20,695.00 20,695.00 1/1/2020 45,000 4.35% 20,695.00 65,695.00 7/1/2020 19,716.25 19,716.25 1/1/2021 50,000 4.45°/0 19,716.25 69,716.25 7/1/2021 18,603.75 18,603.75 1/1/2022 50,000 4.55% 18,603.75 68,603.75 7/1/2022 17,466.25 17,466.25 1/1/2023 55,000 4.65% 17,466.25 72,466.25 7/1/2023 16,187.50 16,187.50 1/lr2o24 55,000 4.80% 16,187.5o 71,187.5o 7/1/2o24 14,867.5o 14,867.5o 1/1/2o25 50,000 4.90% 14,867.5o 74,867.50 7/1/2o25 13,397.5o 13,397.5o 1/1/2o26 65,000 5.00% 13,397.5o 78,397.50 7/1/2o26 11,772.5o 11,772.50 1/1/2o27 65,000 5.1o% 11,772.5o 76,772.50 7/1/2o27 lO,115.oo lO,115.0o 1/1/2o28 70,000 5.15% lO,115.oo 8o,115.oo 7/1/2o28 8,312.5o 8,312.5o 1/1/2o29 75,000 5.20% 8,312.5o 83,312.5o 7/1/'2o29 6,362.50 6,362.50 111/2o3o 75,ooo 5.25%0 6,362.50 81,362.5o 7/1/2o3o 4,393.75 4,393.75 1/1/'2o31 80,000 5.30% 4,393.75 84,393.75 7/1/2o31 2,273.75 2,273.75 1/1/2o32 85,000 5.35% 2,273.75 87,273.75 7/1/2o32 o.oo o.oo 920,000 416,777.5o 1,336,777.5o Balance 920 000 920 000 875 000 875 000 830 000 830 000 785 000 785 000 735 000 735 000 685 000 685 000 630 000 630 000 575000 575000 515 000 515 000 450 000 45C 000 385 000 385 000 315 000 315 000 240 000 240 000 165 000 165,000 85,000 85,000 0 0 FiscalYear Bond Year TotaIPmt TotalPmt 22,573.75 90,147.50 89,225.00 88,302.50 87,346.25 86,390.0O 85,411.25 89,432.50 88,320.00 87,207.50 86,070.00 89,932.50 88,653.75 87,375.0O 86,055.00 89,735.00 88,265.00 91,795.00 90,170.00 88,545.00 86,887.50 90,230.00 88,427.50 91,625.00 89,675.00 87,725.00 85,756.25 88,787.50 86,667.50 89,547.50 87,273.75 1,336,777.50 1,336,777.50 Discount: 0 0.00 Net Realized: 920,000 NIC ($): 416,777.50 Ave Life: 8.902174 NIC (%): 5.088858% Ave Coupon: 5.088858% Accrued Interest: 0 Net + Accrued: 920,000 Maximum*: 90,170.00 91,795.00 Minimum *: 85,411.25 86,390.00 Difference: 4,758.75 5,405.00 Max and Min does not include first payrne periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.066513% City of Chanhassen, Minnesota Roads 2017A $ 515,000 Prat # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Date Principal Rate 7/1/2018 1/1/2019 25,000 4.10% 711/2019 1/1/2020 25,000 4.25% 7/1/2020 1/1/2021 25,000 4.35% 7/1/2021 111/2022 25,000 4.45% 7/1/2022 1/1/2023 30,000 4.55% 7/1/2023 1/1/2024 30,000 4.65% 7/1/2024 1/1/2025 30,000 4.80% 7/1/2025 1/1/2026 35,000 4.90% 711/2026 1/1/2027 35,000 5.00% 7/1/2027 1/1/2028 35,000 5.10% 7/1/2028 1/1/2029 40,000 5.15% 7/1/2029 1/1/2030 40,000 5.20% 711/2030 111/2031 45,000 5.25% 7/1/2031 1/1/2032 45,000 5.30% 711/2032 111/2033 50,000 5.35% 7/1/2033 515,000 Discount: 0 Net Realized: 515,000 NIC ($): Ave Life: 8.970874 NIC (%): Ave Coupon: 5.093182% Accrued Interest: 0 Net + Accrued: 515,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 12,650.00 12,650.00 12,137.50 12,137.50 11,606.25 11,606.25 11,062.50 11,062.50 10,506.25 10,506.25 9,823.75 9,823.75 9,126.25 9,126.25 8,406.25 8,406.25 7,548.75 7,548.75 6,673.75 6,673.75 5,781.25 5,781.25 4,751.25 4,751.25 3,711.25 3,711.25 2,530.00 2,530.00 1,337.50 1,337.50 0.00 235,305.00 0.00 235,305.00 5.093182% 5.291844% 5.070940% Total Payment 12,650,00 37,650.00 12,137.50 37,137.50 11,606.25 36,606.25 11,062.50 36,062.50 10,506.25 40,506.25 9,823.75 39,823.75 9,126.25 39,126.25 8,406.25 43,406.25 7,548.75 42,548.75 6,673.75 41,673.75 5,781.25 45,781.25 4,751.25 44,751.25 3,711.25 48,711.25 2,530.00 47,530.00 1,337.50 51,337.50 0.00 750,305.00 Balance 515,000 515,000 490,000 490,000 465,000 465,000 440,000 440 000 415000 415 000 385 000 385 000 355 000 355 000 325 000 325,000 290,000 290,000 255,000 255,000 220,000 220,000 180,000 180,000 140,000 140,000 95,000 95,000 50,000 50,000 0 0 FiscalYear Bond Year TotalPmt TotalPmt 12,650.00 50,300.00 49,787.50 49,275.00 48,743.75 48,212.50 47,668.75 47,125.00 46,568.75 51,012.50 50,330.00 49,647.50 48,950.00 48,252.50 47,532.50 51,812.50 50,955.00 50;097.50 49,222.50 48,347.50 47,455.00 51,562.50 50,532.50 49,502.50 48,462.50 52,422.50 51,241.25 5o,O6o.oo 48,867.50 52,675.00 51,337.50 750,305.00 750,305.00 Maximum*: 51,337.50 52,675.00 Minimum *: 46,568.75 47,125.00 Difference: 4,768.75 5,550.00 Max and Min does not include first payme pedods with no principal payments. City of Chanhassen, Minnesota Roads 2019A $ 460,000 Pmt # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Total Date Principal Rate Interest Payment 7/1/2019 11,307.50 11,307.50 1/1/2020 20,000 4.10% 11,307.50 31,307.50 7/1/2020 10,897.50 10,897.50 1/1/2021 20,000 4.25% 10,897.50 30,897.50 711/2021 10,472.50 10,472.50 1/1/2022 25,000 4.35% 10,472.50 35,472.50 7/1/2022 9,928.75 9,928.75 1/1/2023 25,000 4.45% 9,928.75 34,928.75 7/1/2023 9,372.50 9,372.50 1/1/2024 25,000 4.55% 9,372.50 34,372.50 7/1/2024 8,803.75 8,803.75 1/1/2025 25,000 4.65% 8,803.75 33,803.75 7/1/2025 8,222.50 8,222.50 1/1/2026 30,000 4.80% 8,222.50 38,222.50 7/1/2026 7,502.50 7,502.50 1/1/2027 30,000 4.90% 7,502.50 37,502.50 7/1/2027 6,767.50 6,767.50 1/1/2028 30,000 5.00% 6,767.50 36,767.50 7/1/2028 6,017.50 6,017.50 1/1/2029 35,000 5.10% 6,017.50 41,017.50 7/1/2029 5,125.00 5,125.00 1/1/2030 35,000 5.15% 5,125.00 40,125.00 7/1/2030 4,223.75 4,223.75 1/1/2031 35,000 5.20% 4,223.75 39,223.75 7/1/2031 3,313.75 3,313.75 1/1/2032 40,000 5.25% 3,313.75 43,313.75 7/1/2032 2,263.75 2,263.75 1/1/2033 40,000 5.30% 2,263.75 42,263.75 7/1/2033 1,203.75 1,203.75 1/1/2034 45,000 5.35% 1,203.75 46,203.75 7/1/2034 0.00 0.00 460,000 210,845.00 670,845.00 Balance FiscalYear Bond Year 460,000 TotalPmt TotalPmt 460,000 11,307.50 440,000 42,615.00 440,000 42,205.00 420,000 41,795.00 420,000 41,370.00 395,000 45,945.00 395,000 45,401.25 370,000 44,857.50 370,000 44,301.25 345,000 43,745.00 345,000 43,176.25 320,000 42,607.50 320,000 42,026.25 290,000 46,445.00 290,000 45,725.00 260,000 45,005.00 260,000 44,270.00 230,000 43,535.00 230,000 42,785.00 195,000 47,035.00 195,000 46,142.50 160,000 45,250.00 160,000 44,348.75 125,000 43,447.50 125,000 42,537.50 85,000 46,627.50 85,000 45,577.50 45,000 44,527.50 45,000 43,467.50 0 47,407.50 0 46,203.75 670,845.00 670,845.00 Discount: 0 0.00 Net Realized: 460,000 NIC ($): 210,845.00 Ave Life: 9.000000 NIC (%): 5.092874% Ave Coupon: 5.092874% Accrued Interest 0 Net + Accrued: 460,000 Maximum*: 46,203.75 47,407.50 Minimum *: 41,370.00 41,795.00 Difference: 4,833.75 5,612.50 · Max and Min does not include first payme pedods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.070696% Ci~ofChanhassen, Minnesota Roads 2020A $ 460,000 Prat # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Date Principal Rate 7/1/2020 111/2021 20,000 4.10% 7/1/2021 1/1/2022 20,000 4.25% 7/1/2022 1/1/2023 25,000 4.35% 7/1/2023 1/1/2024 25,000 4.45% 7/1/2024 1/lr2o25 25,000 4.55% 7/1/2o25 1/1/2o26 25,000 4.65% 7/1/2o26 1/1/2o27 30,000 4.80% 7/1/2o27 1/1/2o28 30,000 4.90% 7/1/2o28 1/1/2029 30,000 - 5.00% 7/1/2o29 1/1/2o3o 35,000 5.1o% 7/1/2o3o 1/1/2o31 35,000 5.15% 7/1/2o31 1/1/2o32 35,000 5.20% 7/1/2o32 1/1/2o33 40,000 5.25% 7/1/2033 1/1/2o34 40,000 5.30% 7/1/2o34 1/1/2o35 45,000 5.35% 7/lr2o35 460,000 Discount 0 Interest 11,307.50 11,307.50 10,897.50 10,897.50 10,472.50 10,472.50 9,928.75 9,928.75 9,372.50 9,372.50 8,803.75 8,803.75 8,222.50 8,222.50 7,502.50 7,502.50 6,767.50 6,767.50 6,017.50 6,017.50 5J25.00 5,125.00 4,223.75 4,223.75 3,313.75 3,313.75 2,263.75 2,263.75 1,203.75 1,203.75 0.00 210,845.00 0.00 Net Realized: 460,000 NIC ($): 210,845.00 Ave Life: 9.000000 NIC (%): 5.092874% Ave Coupon: 5.092874% Accrued Interest: 0 Net + Accrued: 460,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 5.291844% 5:070696% Total payment 11,307.50 31,307.50 10,897.50 30,897.50 10,472.50 35,472.50 9,928.75 34,928.75 9,372.50 34,372.50 8,803.75 33,803.75 8,222.50 38,222.50 7,502.50 37,502.50 6,767.50 36,767.50 6,017.50 41,017.50 5,125.00 40,125.00 4,223.75 39,223.75 3,313.75 43,313.75 2,263.75 42,263.75 1,203.75 46,203.75 0.00 670,845.00 Balance 460,000 460,000 440,000 440,000 420,000 420,000 395,000 395,000- 370,000 370,000 345,000 345,000 320,000 320,000 290 000 290 000 260 000 260 000 230 000 230 000 195 000 195 000 160 000 160 000 125 000 125000 85 000 85 000 45000 45000 0 0 FiscalYear Bond Year TotalPmt TotalPmt 11,307.50 42,615.00 42,205.00 41,795.00 41,370.00 45,945.00 45,401.25 44,857.50 44,301.25 43,745.00 43,176.25 42,607.50 42,026.25 46,445.00 45,725.00 45,005.00 44,270.00 43,535.00 42,785.00 47,035.OO 46,142.50 45,250,00 44,348.75 43,447.50 42,537.50 46,627.50 45,577.5O 44,527.5O 43,467.50 47,407.50 461203.75 670,845.00 670,845.00 Maximum*: 46,203.75 47,407.50 Minimum *: 41,370.00 41,795.00 Difference: 4,833.75 5,612.50 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Community Facilities 1999A $ 995,000 Prat # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Date Principal Rate 7/1/2000 1/1/2001 45,000 4.10% 7/1/2001 1/1/2002 50,000 4.25% 7/1/2002 1/1/2003 - 50,000 4.35% 7/1/2003 1/1/2004 55,000 4.45% 7/1/2004 1/1/2005 55,000 4.55% 7/1/2005 1/1/2006 60,000 4.65% 7/1/2006 1/1/2007 60,000 4.80% 7/1/2007 1/1/2008 65,000 4.90% 7/1/2008 1/1/2009 65,000 5.00% 7/1/2009 111/2010 70,000 5.10% 7/1/2010 1/1/2011 75,000 5.15% 711/2011 111/2012 80,000 5.20% 7/1/2012 1/1/2013 85,000 5.25% 7/1/2013 111/2014 90,000 5.30% 7/1/2014 1/1/2015 90,000 5.35% 7/1/2015 995,000 Interest 24,420.00 24,420.00 23,497.50 23,497.50 22,435.00 22,435.00 21,347.50 21,347.50 20,123.75 20,123.75 18,872.50 18,872.50 17,477.50 17,477.50 16,037.50 16037.50 14 445.00 14 445.00 12 820.00 12 820.00 11 035.00 11 035.00 9 103.75 9 103.75 7 023.75 7 023.75 4 792.50 4 792.50 2,407.50 2,407.50 0.00 451,677.50 Total Payment 24,420.00 69,420.00 23,497.50 73,497.50 22,435.00 72,435.00 21,347.50 76,347.50 20,123.75 75,123.75 18,872.50 78,872.50 17,477.50 77,477.50 16,037.50 81,037.50 14,445.00 79,445.00 12,820.00 82,820.00 11,035.00 86,035.00 9,103~75 89,103.75 7,023.75 92,023.75 4,792.50 94,792.50 2,407.50 92,407.50 0.00 1,446,677.50 Balance 995 000 995 000 950 000 950 000 900 000 900 000 850 000 85O 000 795 000 795 000 740 000 740 000 680000 680.000 620.000 62C 000 555 000 555 000 490 000 490 000 420,000 42O,000 345,000 345,000 265,000 265,000 180,000 180,000 90,000 90,000 0 0 FiscalYear Bond Year TotalPmt TotalPmt 24,420.00 93,840.00 92,917.50 96,995.00 95,932.50 94,870.00 93,782.50 97,695.00 96,471.25 95,247.50 93,996.25 97,745.00 96,350.00 94,955.00 93,515.00 97,075.00 95,482.50 93,890.00 92,265.00 95,640.00 93,855.00 97,070.00 95,138.75 98,207.50 .96,127.50 99,047.50 96,816.25 99,585.00 97,200.00 94,815.00 92,407.50 1,446,677.50 1,446,677.50 Discount: 0 0.00 Net Realized: 995,000 NIC ($): 451,677.50 Ave Life: 8.919598 NIC (%): 5.089324% Ave Coupon: 5.089324% Accrued Interest: 0 Net + Accrued: 995,000 Maximum*: 97,200.00 99,585.00 Minimum *: 92,265.00 93,840.00 Difference: 4,935.00 5,745.00 Max and Min does not include first payme pedods with no principal Payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.066856% City of Chanhassen, Minnesota Community Facilities 2000A $ 1,635,000 Total Pmt # Date Principal Rate Interest Payment 1 7/1/2000 40,100.00 40,100.00 2 1/1/2001 80,000 4.10% 40,100.00 120,100.00 3 7/1/2001 38,460.00 38,480.00 4 1/1/2002 80,000 4.25% 38,460.00 118,480.00 5 7/1/2002 36,760.00 36,760.00 6 1/1/2003 85,000 4.35% 36,760.00 121,760.00 7 7/1/2003 34,911.25 34,911.25 8 1/1/2004 90,000 4.45% 34,911.25 124,911.25 9 7/1/2004 32,908.75 32,908.75 10 1/1/2005 90,000 4.55% 32,908.75 122,908.75 11 7/1/2005 30,861.25 30,861.25 12 1/1/2006 95,000 4.65% 30,861.25 125,861.25 13 7/1/2006 28,652.50 28,652.50 14 1/1/2007 100,000 4.80% 28,652.50 128,652.50 15 7/1/2007 26,252.50 26,252.50 16 1/1/2008 105,000 4.90% 26,252.50 131,252.50 17 7/1/2008 23,680.00 23,680.00 18 1/1/2009 110,000 5.00% 23,680.00 133,680.00 19 7/1/2009 20,930.00 20,930.00 20 1/1/2010 115,000 5.10% 20,930.00 135,930.00 21 7/1/2010 17,997.50 17,997.50 22 1/1/2011 125,000 5.15% 17,997.50 142,997.50 23 7/1/2011 14,778.75 14,778.75 24 1/1/2012 130,000 5.20% 14,778.75 144,778.75 25 7/1/2012 11,398.75 11,398.75 26 1/1/2013 135,000 5.25% 11,398.75 146,398.75 27 7/1/2013 7,855.00 7,855.00 28 1/1/2014 145,000 5.30% 7,855.00 152,855.00 29 7/1/2014 4,012.50 4,012.50 30 1/1/2015 150,000 5.35% 4,012.50 154,012.50 31 7/1/2015 0.00 0.00 1,635,000 739,117.50 2,374,117.50 Balance Fiscal Year Bond Year 1,635,000 Total Pmt Total Pmt 1,635,000 40,100.00 1,555,000 160,200.00 1,555,000 158,560.00 1,475,000 156,920.00 1,475,000 155,220.00 1,390,000 158,520.00 1,390,000 156,671.25 1,300,000 159,822.50 1,300,000 157,820.00 1,210,000 155,817.50 1,210,000 153,770.00 1,115,000 156,722.50 1,115,000 154,513.75 1,015,000 157,305.00 1,015,000 154,905.00 910,000 157,505.00 910,000 154,932.50 800,000 157,360.00 800,000 154,610.00 685,000 156,860.00 685,000 153,927.50 560,000 160,995.00 560,000 157,776.25 430,000 159,557.50 430,000 156,177.50 295,000 .157,797.50 295,000 154,253.75 150,000 160,710.00 150,000 156,867.50 0 158,025.00 0 154,012.50 2,374,117.50 2,374,117.50 Discount: 0 0.00 Net Realized: 1,635,000 NIC ($): 739,117.50 Ave Life: 8.883792 NIC (%): 5.088589% Ave Coupon: 5.088589% Accrued Interest: 0 Net + Accrued: 1,635,000 Maximum*: 158,560.00 160,995.00 Minimum *: 153,770.00 155,817.50 Difference: 4,790.00 5,177.50 Max and Min does not include first paymen pedods with no principal payments: TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.066014% City of Chanhassen, Minnesota Community Facilities 2001A $ 1,635,000 Pmt # Date 1 7/1/2001 2 1/1/2002 3 7/1/2002 4 1/1/2003 5 7/1/2003 6 1/1/2004 7 711/2004 8 1/1/2005 9 7/1/2005 10 1/1/2006 11 7/1/2006 12 1/1/2007 13 7/1/2007 14 1/1/2008 15 7/1/2008 16 1/1/2009 17 7/1/2009 18 1/1/2010 19 7/1/2010 20 1/1/2011 21 7/1/2011 22 1/1/2012 23 7/1/2012 24 1/1/2013 25 7/1/2013 26 1/1/2014 27 7/1/2014 28 1/1/2015 29 7/1/2015 30 1/1/2016 31 7/1/2016 Principal Rate 80,000 4.10% 80,000 4.25% 85,000 4.35% 90,000 4.45% 90,000 ' 4.55% 95,000 4.65% 100,000 4.80% 105,000 4.90% 110,000 5.00% 115,000 5.10% 125,000 5.15% 130,000 5.20% 135,000 5.25% 145,000 5.30% 150,000 5.35% 1,635,000' Discount: 0 Net Realized: 1,635,000 NIC ($): Ave Life: 8.883792 NIC (%): Ave Coupon: 5.088589% Accrued Interest: 0 Net + Accrued: 1,635,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 40,100.00 40 100.00 38 460.00 38 460.00 36 760.00 36 760.00 34 911.25 34 911.25 32 908.75 32 908.75 30 861.25 30 861.25 28 652.50 28,652.50 26,252.50 26,252.50 23,680.00 23,680.00 20,930.00 20,930.00 17,997.50 17,997.50 14,778.75 14,778.75 11,398.75 11,398.75 7,855.00 7,855.00 4,012.50 4,012.50 0.00 739,117.50 0.00 739,117.50 5.088589% 5.291844% 5.066014% To~l Payment 40,100.00 120,100.00 38,460.00 118,460.00 36,760.00 121,760.00 34,911.25 124,911.25 32,908.75 122,908.75 30,861.25 125,861.25 28,652.50 128,652.50 26,252.50 131,252.50 23,680.00 133,680.00 20,930.00 135,930.00 17,997.50 142,997.50 14,778.75 144,778.75 11,398.75 146,398.75 7,855.00 152,855.00 4,012.50 154,012.50 0.00 2,374,117.50 Balance FiscalYear Bond Year 1,635,000 To~lPmt TotalPmt 1,635,000 40,100.00 1,555,000 160,200.00 1,555,000 158,560.00 1,475,000 156,920.00 1,475,000 155,220.00 1,390,000 158,520.00 1,390,000 156,671.25 1,300,000 159,822.50 1,300,000 157,820.00 1,210,000 155,817.50 1,210,000 153,770.00 1,115,000 156,722.50 1,115,000 154,513.75 1,015,000 157,305.00 1,015,000 154,905.00 910,000 157,505.00 910,000 154,932.50 800,000 157,360.00 800,000 154,610.00 685,000 156,860.00 685,000 153,927.50 560,000 '160,995.00 560,000 157,776.25 430,000 159,557.50 430,000 156,177.50 295,000 157,797.50 295,000 154,253.75 150,000 160,710.00 150,000 156,867.50 0 158,025.00 0 154,012.50 2,374,117.50 2,374,117.50 Maximum*: 158,560.00 160,995.00 Minimum *: 153,770.00 155,817.50 Difference: 4,790.00 5,177, 50 Max and Min does not include first payme pedods with no principal payments. City of Chanhassen, Minnesota Community Facilities 2002A $ 1,280,000 Pmt # Date Principal Rate Interest - 1 7/1/2002 31,401.25 2 1/1/2003 60,000 4.10% 31,401.25 3 7/1/2003 30,171.25 4 1/1/2004 65,000 4.25% 30,171.25 5 7/1/2004 28,790.00 6 1/1/2005 65,000 4.35% 28,790.00 7 7/1/2005 27,376.25 8 1/1/2006 70,000 4.45% 27,376.25 9 7/1/2006 25,818.75 10 1/1/2007 70,000 4.55% 25,818.75 11 7/1/2007 24,226.25 12 1/1/2008 75,000 4.65% 24,226.25 13 7/1/2008 22,482.50 14 1/1/2009 80,000 4.80% 22,482.50 15 7/1/2009 20,562.50 16 1/1/2010 85,000 4.90% 20,562.50 17 7/1/2010 18,480.00 18 1/1/2011 85,000 5.00% 18,480.00 19 7/1/2011 16,355.00 20 1/1/2012 90,000 5.10% 16,355.00 21 7/1/2012 14,060.00 22 1/1/2013 95,000 5.15% 14,060.00 23 7/1/2013 11,613.75 24 1/1/2014 100,000 5.20% 11,613.75 25 7/1/2014 9,013.75 26 1/1/2015 105,000 5.25% 9,013.75 27 7/1/2015 6,257.50 28 1/1/2016 115,000 5.30% 6,257.50 29 7/1/2016 3,210.00 30 1/1/2017 120,000 5.35% 3,210.00 31 7/1/2017 0.00 1,280,000 579,637.50 Total Payment 31 401.25 91 401.25 30 171.25 95 171.25 28 790.00 93 790.00 27 376.25 97 376.25 25 818.75 95,818.75 24,226.25 99,226.25 22,482.50 102,482.50 20,562.50 105,562.50 18,480.00 103,480.00 16,355.00 · 106,355.00 14,060.00 109,060.00 11,613.75 111,613.75 9,013.75 114,013.75 6,257.50 121,257.50 3,210.00 123,210.00 0.00 1,859,637.50 Balance Fiscal Year Bond Year 1,280,000 T~al Pmt T~al Pmt 1,280,000 31,401.25 1,220,000 122,802.50 1,220,000 121,572.50 1,155,000 125,342.50 1,155,000 123,961.25 1,090,000 122,580.00 1,090,000 121,166.25 1,020,000 124,752.50 1,020,000 123,195.00 950,000 121,637.50 950,000 120,045.00 875,000 123,452.50 875,000 121,708.75 795,000 124,965.00 795,000 123,045.00 710,000 126,125.00 710,000 124,042.50 625,000 121,960.00 625,000 119,835.00 535,000 122,710.00 535,000 120,415.00 440,000 123,120.00 440,000 120,673.75 340,000 123,227.50 340,000 120,627.50 235,000 123,027.50 235,000 120,271.25 -120,000 127,515.00 120,000 124,467.50 0 126,420.00 0 -123,210.00 1,859,637.50 1,859,637.50 Discount: 0 0.00 Net Realized: 1,280,000 NIC ($): 579,637.50 Ave Life: 8.898438 NIC (%): 5.089004% Ave Coupon: 5.089004% Accrued Interest: 0 Net + Accrued: 1,280,000 Maximum*: 124,467.50 127,515.00 Minimum*: 119,835.00 121,637.50 Difference: 4,632.50 5,877.50 Max and Min does not include first paymen periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.066373% City of Chanhassen, Minnesota Community Facilities 2004A $ 205,000 Prat # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Date Principal Rate 7/1/2004 1/1/2005 10,000 4.10% 711/2005 1/lr2oo6 lO,OOO 4.25% 7/1/2oo6 1/1/2oo7 lO,OOO 4.35% 711/20o7 1/1/2oo8 lO,OOO 4.45% 7/1/2oo8 1/1/2oo9 lO,OOO 4.55% 7/1/2oo9 1/1/2OLO lO,OOO 4.65% 7/1/2o 1 o 1/1/2011 15,ooo 4.80% 7/1/2Ol 1 1/1/2o12 15,ooo 4.90% 7/1/2o12 1/1/2o13 15,ooo 5.00% 7/1/2o13 1/1/2o14 15,ooo 5.1o% 7/1/2o14 1/1/2o15 15,ooo 5.15% 7/1/2Ol 5 1/1/2o16 15,ooo 5.20% 7/1/2o 16 1/1/2017 15,ooo 5.25% 7/1/2o17 1/lr2o18 20,000 5.30% 7/1/2o18 1/1/2o19 20,000 5.35% 7/1/2o19 205,000 Discount: 0 Net Realized: 205,000 NIC ($): Ave Life: 8.975610 NIC (%): Ave Coupon: 5.093207% Accrued Interest:. 0 Net + Accrued: 205,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 5 037.50 5 037.50 4 832.50 4 832.50 4 620.00 4 620.00 4 402.50 4 402.50 4,180.00 4,180.00 3,952.5O 3,952.5O 3,720.00 3,720.00 3,360.00 3,360.00 2,992.50 2,992.50 2,617.50 2,617.50 2,235.00 2,235.00 1,848.75 1,848.75 1,458.75 1,458.75 1,065.00 1,065.00 535.00 535.00 0.00 93,715.00 0.00 93,715.00 5.093207% 5.291844% 5.071223% Total Payment 5,037.50 15,037.50 4,832.50 14,832.50 4,620.00 14,620.00 4,402.5O 14,402.50 4,180.00 14,180.00 3,952.50 13,952.50 3,720.00 18,720.00 3,360.00 18,360.00 2,992.50 17,992.50 2,617.50 17,617.50 2,235.00 17,235.00 1,848.75 16,848.75 1,458.75 16,458.75 1,065.00 21,065.00 535.00 20,535.00 0.00 298,715.00 Balance 205,000 205,000 195,000 195,000 185,000 185,000 175,000 175,000 165,000 165,000 155,000 155,000 145,000 145,000 130,000 130,000 115,000 115,000 100,000 100,000 85,000 85,000 70,000 70,000 55,000 55,000 40,000 40,000 20,000 20,000 0 0 FiscalYear TotalPmt 5,037.50 19,870.00 19,452.50 19,022.50 18,582.50 18,132.50 17,672.50 22,080.00 21 352.5O 20,610.00 19,852.50 19,083.75 18,307.50 17,523.75 21,600.00 20,535.00 298,715.00 Bond Year To~lPmt 20,075.00 19,665.00 19,240.00 18,805.00 18,360.00 17,905.00 22,440.00 21,720.00 20,985.00 20,235.00 19,470.00 18,697.50 17,917.50 22,130.00 21 070.00 298,715.00 Maximum*: 22,080.00 22,440.00 Minimum *: 17,523.75 17,905.00 Difference: 4,556.25 4,535.00 Max and Min does not include first payme periods with no principal payments. City of Chanhassen, Minnesota Community Facilities 2005A $ 1,025,000 Pmt # Date Principal Rate Interest 1 7/1/2005 25,137.50 2 1/1/2006 50,000 4.10% 25,137.50 3 7/1/2006 24,112.50 4 1/1/2007 50,000 4.25% 24,112.50 5 7/1/2007 23,050.00 6 1/1/2008 55,000 4.35% 23,050.00 7 7/1/2008 21,853.75 8 1/1/2009 55,000 4.45% 21,853.75 9 7/1/2009 20,630.00 10 1/1/2010 55,000 4.55% 20,630.00 11 711/2010 19,378.75 12 1/1/2011 60,000 4.65% 19,378.75 13 7/1/2011 17,983.75 14 1/1/2012 65,000 4.80% 17,983.75 15 7/1/2012 16,423.75 16 1/1/2013 65,000 4.90% 16,423.75 17 7/1/2013 14,831.25 18 1/1/2014 70,000 5.00% 14,831.25 19 7/1/2014 13,081.25 20 1/1/2015 75,000 5.10% 13,081.25 21 7/1/2015 11,168,75 22 1/1/2016 75,000 5.15% 11,168.75 23 7/1/2016 9,237.50 24 1/1/2017 80,000 5.20% 9,237.50 25 7/1/2017 7,157.50 26 1/1/2018 85,000 5.25% 7,157.50 27 7/1/2018 4,926.25 28 1/1/2019 90,000 5.30% 4,926.25 29 7/1/2019 2,541.25 30 1/1/2020 95,000 5.35% 2,541.25 31 7/1/2020 0.00 1,025,000 463,027.50 88 081.25 11 168.75 86 168.75 9 237.50 89 237.50 7,157.50 92,157.50 4,926.25 94,926.25 2,541.25 97,541.25 0.00 1,488,027.50 Total Balance Payment 1,025,000 25,137.50 1,025,000 75,137.50 975 000 24,112.50 975 000 74,112.50 925 000 23,050.00 925 000 78,050.00 870 000 21,853.75 870 000 76,853.75 815000 20,630.00 815.000 75,630.00 760.000 19,378.75 760.000 79,378~75 70C 000 17,983.75 700,000 82,983.75 635,000 16,423.75 635,000 81,423.75 570,000 14 831.25 570,000 84 831.25 500,000 13 081.25 500,000 425,000 425,000 350,000 350,000 270,000 270,000 185,000 185,000 95,000 95,000 0 0 Fiscal Year Bond Year To~l Prat Total Pmt 25,137.50 100,275.00 99,250.00 98,225.00 97, i62.50 101,100.00 99,903.75 98,707.50 97,483.75 96,260.00 95,008.75 98,757.50 97,362.50 100,967.50 99,407.50 97,847.50 96,255.00 . 99,662.50 97,912.50 101,162.50 99,250.00 97,337.50 95,406.25 98,475.00 96,395.00 99,315.00 97,083.75 99,852.50 97,467.50 100,082.50 97,541.25 1,488,027.50 1,488,027.50 Discount: 0 0.00 Net Realized: 1,025,000 NIC ($): Ave Life: 8.878049 NIC (%): Ave Coupon: 5.088214% Accrued Interest:. 0 Net + Accrued: 1,025,000 463,027.50 5.088214% Maximum*: 99,903.75 101,162.50 Minimum *: 95,008.75 96,260.00 Difference: 4,895.00 4,902.50 Max and Min does not include first paymen periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 5.065616% City of Chanhassen, Minnesota Community Facilities 2006A $ 1,790,000 Pmt # Date 1 7/1/2006 2 1/1/2007 3 7/1/2007 4 1/1/2008 5 711/2008 6 1/1/2009 7 7/1/2009 8 1/1/2010 9 7/1/2010 10 1/1/2011 11 7/1/2011 12 1/1/2012 13 7/1/2012 14 1/1/2013 15 7/1/2013 16 1/1/2014 17 7/1/2014 18 1/1/2015 19 7/1/2015 20 1/1/2016 21 7/1/2016 22 1/1/2017 23 7/1/2017 24 1/1/2018 25 7/1/2O 18 26 1/1/2019 27 711/2019 28 11112020 29 7/1/2020 30 1/1/2021 31 7/1/2021 Principal 85,000 90,000 90,000 95,000 100,000 105,000 110,000 115,000 120,000 130,000 135,000 140,000 150,000 160,000 165,000 1,790,000 Rate 4.10% 4.25% 4.35% 4.45% 4.55% 4.65% 4.80% 4.90% 5.00% 5.10% 5.15% 5.20% 5.25% 5,30% 5.35% Discount: 0 Net Real,ed: 1,790,000 NIC ($): Ave LEe: 8.907821 NIC (%): Ave Coupon: 5.089495% Accrued Interest 0 Net +Accrued: 1,790,000 TIC (%) (Eom Dated Date): TIC (%) (from Delivery Date): I~ereM 43,922.50 43,922.50 42,180.00 42,180.00 40,267.50 40,267.50 38,310.00- 38,310.00 36,196.25 36,196.25 33,921.25 33,921.25 .31,480.00 31,480.00 28,840.00 28,840.00 26,022.50 26,022.50 23,022.50 23,022.50 19,707.50 19,707.50 16,231.25 16,231.25 12,591.25 12,591.25 8,653.75 8,653.75 4,413.75 4,413.75 0.00 811,520.00 0.00 811,520.00 5.089495% 5.291844% 5.067035% Total Payment 43,922.50 128,922.50 42,180.00 132,180.00 4O,267.50 130,267.50 38,310.00 133,310.00 36,196.25 136,196.25 33,921.25 138,921.25 31,480.00 141,480.00 28,840.00 143,840.00 26,022.50 146,022.50 23,022.50 153,022.50 19,707.50 154,707.50 16,231.25 156,231.25 12,591.25 162,591.25 8,653.75 168,653.75 4,413.75 169,413.75 0.00 2,601,520.00 Balance 1,790,000 1,790,000 1,705,000 1,705,000 1,6t5,000 1,615,000 1,525,000 1,525,000 1,430,000 1,430,000 1,330,000 1,330,000 1,225,000 1,225,000 1,115,000 1,115,000 1,000,000 1,000,000 880 000 880 000 750 000 750 000 615 000 615 000 475 000 475000 325,000 325,000 165,000 165,000 0 0 Fiscal Year Bond Year TotalPmt TotalPmt 43,922.50 172,845.00 171,102.50 174,360.00 172,447.50 170,535.00 168,577.50 171,620.00 169,506.25 172,392.50 170,117.50 172,842.50 170,401.25 172,960.00 170,320.00 172,680.00 169,862.50 172,045.00 169,045.00 176,045.00 172,730.00 174,415.00 170,938.75 172,462.50 168,822.50 175,182.50 171,245.00 177,307.50 173,067.50 173,827.50 169,413.75 2,601,520.00 2,601,520.00 Maximum*: 173,067.50 177,307.50 Minimum *: 168,577.50 170,535.00 Difference: 4,490.00 6,772.50 Max and Min does not include first payment pedods with no principal payments. City of Chanhassen, Minnesota Community Facilities 2010A $ 820,000 Pmt # Date Principal Rate Interest 1 7/1/2010 20,113.75 2 1/1/2011 40,000 4.10% 20,113.75 3 7/1/2011 19,293.75 4 1/1/2012 40,000 4.25% 19,293.75 5 7/1/2012 18,443.75 6 1/1/2013 40,000 4.35% 18,443.75 7 7/1/2013 17,573.75 8 1/1/2014 45,000 4.45% 17,573.75 9 7/1/2014 16,572.50 10 1/1/2015 45,000 4.55% 16,572.50 1'1 7/1/2015 15,548.75 12 1/1/2016 50,000 4.65% 15,548.75 13 7/1/2016 14,386.25 14 1/1/2017 50,000 4.80% 14,386.25 15 7/1/2017 13,186.25 16 1/1/2018 55,000 4.90% 13,186.25 17 7/1/2018 11,838.75 18 1/1/2019 55,000 5.00% 11,838.75 19 7/1/2019 10,463.75 20 1/1/2020 60,000 5.10% 10,463.75 21 7/1/2020 8,933.75 22 1/1/2021 60,000 5A5% 8,933.75 23 7/1/2021 7,388.75. 24 1/1/2022 65,000 5.20% 7,388.75 25 7/1/2022 5,698.75 26 1/1/2023 70,000 5.25% 5,698.75 27 7/1/2023 3,861.25 28 1/1/2024 70,000 5.30% 3,861.25 29 7/1/2024 2,006.25 30 1/1/2025 75,000 5.35% 2,006.25 31 7/1/2025 0.00 820,000 370,620.00 Total Payment 20,113.75 60,113.75 19,293.75 59,293.75 18,443.75 58,443.75 17,573.75 62,573.75 16,572.50 61,572.50 15,548.75 85,548.75 14,386.25 64,388.25 13,186.25 68 186.25 11 838.75 66 838.75 10 463.75 70 463.75 8 933.75 88 933.75 7 388.75 72 388.75 5 898.75 75 698.75 3 861.25 73 861.25 2,006.25 77,006.25 0.00 1,190,620.00 Balance 820 000 820 000 780 000 780 000 740 000 740 000 700 000 700 000 655 000 655 000 610000 610 000 560000 560 000 510,000 510,000 455,000 455,000 400,000 400,000 340,000 340,000 280,000 280,000 215,000 215,000 145,000 145,000 · 75,000 75,000 0 0 FiscalYear Bond Year To~lPmt TotalPmt 20,113.75 80,227.50 79,407.50 78,587.50 77,737.50 76,887.50 76,017.50 80,147.50 79,146.25 78,145.00 77,121.25 81,097.50 79,935.00 78,772.50 77,572.50 81,372.50 80,025.00 78,677.50 77,302.50 80,927.50 79,397.50 77,867.50 76,322.50 79,777.50 78,087.50 81,397.50 79,560.00 77,722.50 75,867.50 79,012.50 77,006.25 1,190,620.00 1,190,620.00 Discount: 0 0.00 Net Realized: 820,000 NIC ($): Ave Life: 8.884146 NIC (%): Ave Coupon: 5.087440% Accrued Interest:. 0 Net + Accrued: 820,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 370,620.00 5.087440% 5.291844% 5.064999% Maximum*: 80,025.00 81,397.50 Minimum *: 75,867.50 76,887.50 Difference: 4,157.50 4,510.00 Max and Min does not include first payme pedods with no principal payments. City of Chanhassen, Minnesota Community Facilities 2020A $ 3,065,000 Prat # Date 1 7/1/2020 2 1/1/2021 3 7/1/2021 4 1/1/2022 5 7/1/2022 6 1/1/2023 7 7/1/2023 8 1/1/2024 9 7/1/2024 10 1/1/2025 11 7/1/2025 12 1/1/2026 13 7/1/2026 14 1/1/2027 15 7/1/2027 16 1/1/2028 17 7/1/2028 18 1/1/2029 19 7/1/2029 20 1/1/2030 21 7/1/2030 22 1/1/2031 23 7/1/2031 24 1/1/2032 25 7/1/2032 26 1/1/2033 27 7/1/2033 28 1/1/2034 29 7/1/2034 3O 1/1/2035 31 7/1/2035 Principal Rate 145,000 4.10% 150,000 4.25% 155,000 4.35% 165,000 4.45% 170,000 4.55% 180,000 4.65% 190,000 4.80% 200,000 4.90% 210,000 5.00% 220,000 5.10% 230,000 5.15% 240,000 5.20% 255,000 5.25% 270,000 5.30% 285,000 5.35% 3,065,000 Interest 75 210.00 75 210.00 72 237.50 72 237.50 69 050.00 69 O5O.OO 65 678.75 65 678.75 62 007.50 62 007.50 58 140.00 58 140.00 53 955.00 53 955.00 49 395.00 49 395.O0 44 495.OO 44 495.00 39 245,OO 39 245.O0 33 635.00 33 635.00 27712.50 27 712.50 21 472.50 21 472.50 14 778.75 14 778.75 7,623.75 7,623.75 0.00 1,389,272.50 Total Balance Fiscal Year Bond Year Payment 3,065,000 Total Pmt Total Pmt 75,210.00 3,065,000 75,210.00 220,210.00 2,920,000 295,420.00 72,237.50 2,920,000 292,447.50 222,237.50 2,770,000 294,475.00 69,050.00 2,770,000 29! ,287.50 224,050.00 2,615,000 293,100.00 65,678.75 2,615,000 289,728.75 230,678.75 2,450,000 296,357.50 62,007.50 2,450,000 292,686.25 232,007.50 2,280,000 294,015.00 58,140.00 2,280,000 290,147.50 238,140.00 2,100,000 296,280.00 53,955.00 2,100,000 292,095.00 243,955.00 1,910,000 297,910.00 49,395.00 1,910,000 293,350.00 249,395.00 1,710,000 298,790.00 44~495.00 1,710,000 293,890.00 254,495.00 1,500,000 298,990.00 39,245.00 1,500,000 293,740.00 259,245.00 1,280,000 298,490.00 33,635.00 1,280,000 292,880.00 263,635.00 1,050,000 297,270.00 27,712.50 1,050,000 291,347.50 267,712.50 810,000 295,425.00 21,472.50 810,000 289,185.00 276,472.50 555,000 297,945.00 14,778.75 555,000 291,251.25 284,778.75 285,000 299,557.50 7,623.75 285,000 292,402.50 292,623.75 0 300,247.50 0.00 0 292,623.75 4,454,272.50 4,454,272.50 4,454,272.50 Discount: 0 0.00 Net Realized: 3,065,000 NIC ($): 1,389,272.50 AveLife: 8.907015 NIC(%): 5.088910% Ave Coupon: 5.088910% Accrued Interest: 0 Net + Accrued: 3,065,000 Maximum*: 293,890.00 300,247.50 Minimum *: 289,185.00 293,100.00 Difference: 4,705.00 7,147.50 Max and Min does not include first paymen periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Deliver/Date): 5.066458% City of Chanhassen, Minnesota Parks and Recreation 2008A $ 1,025,000 Pmt # Date 1 7/1/2008 2 1/1/2009 3 7/1/2009 4 1/1/2010 5 7/1/2010 6 1/1/2011 7 7/1/2011 8 1/1/2012 9 7/1/2012 10 1/1/2013 11 7/1/2013 12 1/1/2014 13 7/1/2014 14 1/1/2015 15 7/1/2015 16 1/1/2016 17 7/1/2016 18 1/1/2017 19 7/lr2o17 20 1/1/2o18 21 7/1/2o18 Total Principal Rate Interest Payment 23,878.75 23,878.75 80,000 4.10% 23,878.75 103,878.75 22,238.75 22,238.75 85,000 4.25% 22,238.75 107,238.75 20,432.50 20,432.50 90,000 4.35% 20,432.50 110,432.50 18,475.00 18,475.00 95,000 4.45% 18,475.00 113,475.00 16,361.25 16,361.25 100,000 4.55% 16,361.25 116,361.25 14,086.25 14,086.25 105,000 4.65% 14,086.25 119,086.25 11,645.00 11,645.00 110,000 4.80% 11,645.00 121,645.00 9,005.00 9,005.00 115,000 4.90% 9,005.00 124,005.00 6,187.50 6,187.50 120,000 5.00% 6,187.50 126,187.50 3,187.50 · 3,187.50 125,000 5.10% 3,187.50 128,187.50 0.00 0.00 1,025,000 290,995.00 1,315,995.00 Balance Fiscal Year Bond Year 1,025,000 Total Pmt Total Pmt 1,025,000 23,878.75 945,000 127,757.50 945,000 126,117.50 860,000 129,477.50 860,000 127,671.25 770,000 130,865.00 770,000 128,907.50 675,000 131,950.00 675,000 129,836.25 575,000 132,722.50 575,000 130,447.50 470,000 133,172.50 470,000 130,731.25 360,000 133,290.00 360,000 130,650.00 245,000 133,010.00 245,000 130,192.50 125,000 132,375.00 125,000 129,375.00 0 131,375.00 0 128,187.50 1,315,995.00 1,315,995.00 Discount: 0 0.00 Net Realized: 1,025,000 NIC ($): 290,995.00 Ave Life: 5.902439 NIC(%): 4.809835% Ave Coupon: 4.809835% Accrued Interest: 0 Net + Accrued: 1,025,000 Maximum*: 130,731.25 133,290.00 Minimum*: 126,117.50 127,757.50 Difference: 4,613175 5,532.50 Max and Min does not include flint payme pedods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795946% City of Chanhassen, Minnesota Parks and Recreation 2010A $ 10,205,000 Pmt # Date Principal 1 711/2010 2 111/2011 825,000 3 7/1/2011 4 1/1/2012 865,OOO 5 711/2012 6 111/2013 900,000 7 7/1/2013 8 1/1/2014 940,000 9 7/1/2014 10 111/2015 965,000 11 711/2015 12 111/2016 1,030,000 13 7/1/2016 14 1/1/2017 1,080,000 15 711/2017 16 111/2018 1,135,000 17 711/2018 18 1/1/2019 1,190,000 19 7/1/2019 20 1/1/2020 1,255,000 21 7/1/2020 10,205,000 Total Balance Fiscal Year Bond Year Rate Interest Payment 10,205,000 Total Pmt Total Pmt 237,620.00 237,620.00 10,205,000 237,620.00 4.10% 237,620.00 1,062,620.00 9,380,000 1,300,240.00 220,707.50 220,707.50 9,380,000 1,283,327.50 4.25% 220,707.50 1,085,707.50 8,515,000 1,306,415.00 202,326.25 202,326.25 8,515,000 1,288,033.75 4.35% 202,326.25 1,102,326.25 7,615,000 1,304,652.50 182,751.25 182,751.25 7,615,000 1,285,077.50 4.45% 182,751.25 1,122,751.25 6,675,0(X) 1,305,502.50 161,836.25 161,836.25 6,675,000 1,284,587.50 4.55% 161,836.25 1,146,836.25 5,690,000 1,308,672.50 139,427.50 139,427.50 5,690,000 1,286,283.75 4.65% 139,427.50 1,169,427.50 4,660,000 1,308,855.00 115,480.00 115,480.00 4,660,000 1,284,907.50 4.80% 115,480.00 1,195,480.00 3,580,000 1,310,960.00 89,560.00 89,560.50 3,580,000 1,265,040.00 4.90% 89,560.00 1,224,560.00 2,445,000 1,314,120.00 61,752.50 61,752.50 2,445,000 ' 1,286,312.50 5.00% 61,752.50 1,251,752.50 1,255,000 1,31 3,505.00 32,002.50 32,002.50 1,255,000 1,283,755.00 5.10% 32,002.50 1,287,002.50 0 1,319,005.00 0.00 0.00 0 1,287,002.50 2,886,927~50"- ;13,091,927.'50'- 1~,091 ,-~2-~.50 13,091,927.50 Discount 0 0.00 Net Realized: 10,205,000 Ave Life: 5.881431 Ave Coupon: 4.809943% Accrued Interest 0 Net + Accrued: 10,205,000 NIC ($): 2,886,927.50 NIC (%): 4.809943% Maximum*: 1,288,033.75 1,319,005.00 Minimum *: 1,283,327.50 1,300,240.00 Difference: 4,706.25 18,765.00 Max and Min does not include first payment periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795905% City of Chanhassen, Minnesota Parks and Recreation 2020A $ 7,145,000 Prat # Date I 711/2020 2 111r2o21 3 711/2o21 4 1/1/2o22 5 71112o22 6 111/2o23 7 711/2o23 8 1/1/2o24 9 711/2o24 1 o 1 I1/2025 11 711/2o25 12 111/2o26 13 711/2o26 14 1/1/2o27 15 711/2o27 16 1/112o28 17 7/1/2o28 18 1/1/2o29 19 711/2o29 20 111/2o3o 21 71112030 Discount Net Realized: Ave Life: Ave Coupon: Accrued Interest: Net + Accrued: Pdncipal 580,000 605,000 630,000 660,000 690,000 720,000 755,000 795,000 835,000 875,000 7,145,000 0 7,145,000 5.878237 4.809702% 0 7,145,000 Rate Interest 166,356.25 4.10% 166,356.25 154,466.25 4.25% 154,466.25 141,610.00 4.35% 141.610.00 127 907.50 4.45% 127 907.50 113 222.50 4.55% 113 222.50 97 525.00 4.65% 97 525.00 80 785.00 4.80% 80 785.00 62 665.00 4.90% 62 665.00 43,187.50 _5.00% 43,187.50 22,312.50 5.10% 22,312.50 0.00 2,020,075.00 0.00 NIC ($): 2,020,075.00 NIC (%): 4.809702% Total Balance FiscalYea[ Payme~ 7,145,000 To~lPmt 166,356.25 7,145,000 166,356.25 746,356.25 6,565,000 154,466.25 6,565,000 900,822.50 759,466.25 5,960,000 141,610.00 5,960,000 901,076.25 771,610.00 5,330,000 127,907.50 5,330,000 899,517.50 787,907.50 4,670,000' 113,222.50 4,670,000 901,130.00 803;222.50 3,980,000 97,525.00 3,980,000 900,747.50 817,525.00 3,260,000 80,785.00 3,260,000 898,310.00 835,785.00 2,505,000 62,665.00 2,505,000 898,450.00 857,665.00 1,710,000 43,187.50 1,710,000 900,852.50 878,187.50 875,000 22,312.50 875,000 900,500.00 897,312.50 0 0.00 0 897,312.50 9,165,075.00 Bond Year TotalPmt 912,712.50 913,932.50 913,220.00 915,815.00 916,445.00 915,050.00 916,570.00 '920,330.00 921,375.00 919,625.00 9,165,075.00 9,165,075.00 MaXimum*: 901,130.00 921,375.00 Minimum *: 897,312.50 912,712.50 Difference: 3,817.50 8,662.50 Max and Min does not include first payment pedods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795663% City of Chanhassen, Minnesota Water Distribution 2001B $ 360,000 Pmt # Date 1 7/1/2001 2 111/2002 3 7/1/2002 4 1/1/2003 5 711/2005 6 1/1/2004 7 7/1/2004 8 1/1/2005 9 7/1/2005 10 1/1/2008 11 7/1/2006 12 1/1/20O7 13 7/1/2007 14 1/1/2008 15 7/1/2008 16 1/1/2009 17 7/1/2009 18 111/2010 19 7/1/2010 20 1/1/2011 21 7/1/2011 Pdncipal 30,000 30,000 30,O00 35,000 35,000 35,000 40,000 40,000 40,000 45,000 360,000 Total Balance Fisc~ Year Bond Year R~e Intere~ Payment 360,000 Tot~ Pmt .TotalPmt 8,381.25 8,381.25 360,000 8,381.25 4.10% 8,381.25 38,381.25 330,000 46,762.50 7,766.25 7,766:25 330,000 46,147.50 4.25% 7,766.25 37,766.25 300,000 45,532.50 7,128.75 7,128.75 300,000 44,895.00 4.35% 7,128.75 37,128.75 270,000 44,257.50 6,47625 6,476.25 270,000 43,605.00 4.45% 6,476.25 41,476.25 235,000 47,952.50 5,697.50 5,697.50 235,000 47,173.75 4.55% 5,697.50 40,697.50 200,000 46,395.00 4,901.25 4,901.25 200,000 45,598.75 4.65% 4,901.25 39,901.25 165,000 44,802.50 4,087.50 4,087.50 165,000 43,988.75 4.80% 4,087.50 44,087.50 125,000 48,175.00 3,127.50 3,127.50 125,000 47,215.00 4.90% 3,127.50 43,127.50 85,000 46,255.00 2,147.50 2,147.50 85,000 45,275.00 5.00% 2,147.50 42,147.50 45,000 44,295.00 1,147.50 1,147.50 45,000 43,295.00 5.10% 1,147.50 46,147.50 0 47,295.00 0.00 0.00 0 46,147.50 101,722.50 461,722.50 461,722.50 461,722.50 Discount: Net Realized: Ave Life: Ave Coupon: 360,000 5.875OO0 4.809574% NIC ($): N~C (%): Accrued Interest: Net + Accrued: 0 360,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 101,722.50 4.809574% 5.291844% 4.795544% Maximum*: 47,215.00 48,175.00 Minimum *: 43,295.00 44,257.50 Difference: 3,920.00 3,917.50 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water 1999B $ 1,690,000 Prat # Date 1 711/2000 2 1/1/2001 3 711/2001 4 111/2002 5 711/2002 6 111/2003 7 7/1/2003 8 111/2004 9 711/2004 10 1/1/2005 11 7/1/2005 12 1/1/2006 13 7/1/2006 14 1/1/2007 15 7/1/2007 16 1/1/2008 17 7/1/2008 18 1/1/2009 19 7/1/2009 20 . 1/1/2010 21 7/1/2010 Principal Rate Interest 39,343.75 135,000 4.10% 39,343.75 36,576.25 145,000 4.25% 36,576.25 33,495.O0 150,000 4.35% 33,495.00 30,232.50 155,000 4.45% 30,232.50 26,783.75 165,000 4.55% 26,783.75 23,030.00 170,000 4.65% 23,030.00 19, O77.5O 180,000 4.80% 19,077.50 14,757.50 190,000 4.90% 14,757.50 10,102.50 195,000 5.00% 10,102.50 5,227.5O 205,000 5.10% 5,227.50 0.00 1,690,000 477,252.50 Total Payment 39,343.75 174,343.75 38,576.25 181,576.25 33,495.00 183,495.00 30,232.50 185,232.50 26,783.75 191,783.75 23,030.0O 193,030.00 19,077.50 199,077.50 14,757.50 204,757.50 10,102.50 205,102.50 5,227.50 21 O,227.50 0.00 2,167,252.50 Balance 1,690,000 1,690,000 1,555,000 1,555,000 1,410,000 1,410,000 1,260,000 1,260,000 1,105,000 1,105,000 940 000 940 000 770 000 770 000 590 000 590 000 400 000 400 000 205 000 205 000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt 39,343.75 213,687.50 210,920.00 218,152.50 215,071.25 216,990.00 213,727.50 215,465.00 212,016.25 218,567.50 214,813.75 216,060.00 212,107.50 218,155.00 213,835.00 219,515.00 214,860.00 215,205.00 210,330.00 215,455.00 210,227.50 2,167,252.50 2,167,252.50 Discount: 0 0.00 Net Realized: 1,690,000 NIC ($): 477,252.50 Ave Life: 5.872781 NIC (%): 4.808589% Ave Coupon: 4.808589% Accrued Interest: Net + Accrued: 0 1,69o,ooo Maximum*: 215,071.25 219,515.00 Minimum *: 210,227.50 213,687.50 Difference: 4,843.75 5,827.50 Max and Min does not include first payment periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.794577% City of Chanhassen, Minnesota Water 2000A $ 425,000 Total Balance Pmt# Date Principal Rate Interest Payment 425000 1 36708 9885 9885 425000 2 36892 35000 0.041 9885 44885 390000 3 37073 9167.5 9167.5 390000 4 37257 35000 0.0425 9167.5 44167.5 355000 5 37438 8423.75 8423.75 355000 6 37622 40000 0.0435 8423.75 48423.75 315000 7 37803 7553.75 7553.75 315000 8 37987 40000 0.0445 7553.75 47553.75 275000 9 38169 6683,75 6663.75 275000 10 38353 40000 0.0455 6663.75 46663.75 235000 11 38534 5753.75 5753.75 235000 12 38718 45000 0.0465 5753.75 50753.75 190000 13 38899 4707.5 4707.5 190000 14 39083 45000 0.048 4707.5 49707.5 145000 15 39264 3627.5 3627.5 145000 16 39448 45000 0,049 3627.5 .48627.5 100000 17 39630 2525 2525 100000 18 39814 50000 0.05 2525 52525 50000 19 39995 1275 1275 50000 20 40179 50000 0.051 1275 51275 0 21 40360 0 0 0 425000 119165 544165 Fiscal Yea Bond Year Total Pmt Total Pmt 9885 54770 54052.5 53335 52591.25 56847.5 55977.5 55107.5 54217.5 53327.5 52417.5 56507.5 55461.25 54415 53335 52255 51152.5 55050 53800 52550 51275 544165 544165 Discount: 0 0 N~ Realiz 425000 NIC ($): 119165 Ave Life: 5.835294 NIC (%): 0.04805 Ave Coup 0.04805 Accrued In 0 Net + Accr 425000 Maximum* 55977.5 56847.5 Minimum 51152.5 52255 Difference: 4825 4592.5 Max and Min does not include firs periods with no principal payme TIC (%)(fr 0.052918 TiC (%) (fr 0.047909 City of Chanhassen, Minnesota Water Distribution 2001A $ 690,000 Prat # Date I 7/1/2001 2 1/1/2002 3 7/1/2002 4 1/1/2003 5 7/1/2003 6 111/2004 7 7/1/2004 8 1/1/2005 9 7/1/2005 10 1/1/2006 11 7/1/2006 12 1/1/2007 13 7/1/2007 14 1/1/2008 15 7/1/2008 16 1/1/2009 17 7/1/2009 18 1/1/2010 19 7/112010 20 1/1/2011 21 7/1/2011 Total Principal Rate Interest Payment 16,065.00 16,065.00 55,000 4.10% 16,065.00 71,065.00 14,937.50 14,937.50 60,000 4.25% 14,937.50 74,937.50 13,662.50 13,662.50 60,000 4.35% 13,662.50 73,662.50 12,357.50 12,357.50 65,000 4.45% 12,357.50 77,357.50 10,911.25 10,911.25 65,000 4.55% 10,911.25 75,911.25 9,432.50 9,432.50 70,000 4.65% 9,432.50 79,432.50 7,805.00 7,805.00 75,000 4.80% 7,805.00 82,805.00 6,005.00 6,005.00 75,000 4.90% 6,005.00 81,005.00 4,167.50 4,167.50 80,000 5.00% 4,167.50 84,167.50 2,167.50 2,167.50 85,000 5.10% 2,167.50 87,167.50 0.00 0.00 690,000 195,022.50 885,022.50 Balance 690,000 690,000 635,000 635,000 575,000 575,000 515 000 515000 450 000 450 000 385 000 385 000 315 000 315 000 240 000 240 000 165 000 165 000 85 000 85 000 0 0 Fiscal Year Bond Year Total Pmt To~lPmt 16,065.00 87,130.00 86,002.50 89,875.00 88,600.00 87,325.0O 86,020.00 89,715.00 88,268.75 86,822.50 85,343.75 88,865.00 87,237.50 90,610.00 88,810.00 87,010.00 85,172.50 88,335.00- 86,335.00 89,335.00 87,167.50 885,022.50 885,022.50 Discount: 0 0.00 Net Realized: Ave Li~: Ave Coupon: Accrued Interest: Net + Accrued: 690,000 NIC ($): 195,022.50 5.876812 NIC (%): 4.809433% 4.809433% 0 690,000 Maximum*: 88,810.00 90,610.00 Minimum *: 85,172.50 86,822.50 Difference: 3,637.50 3,787.50 Max and Min does not include first pa periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795377% City of Chanhassen, Minnesota Water Distribution 2002A $ 965,000 Prat # Date Principal Rate Interest 1 7/1/2002 22,468.75 2 1/1/2003 80,000 4.10% 22,468.75 3 7/1/2003 20,828.75 4 1/1/2004 80,000 4.25% 20,828.75 5 7/1/2004 19,128.75 6 1/1/2005 85,000 4.35% 19,128.75 7 7/1/2005 17,280.00 8 1/1/2006 90,000 4.45% 17,280.00 9 7/1/2006 15,277.50 10 1/1/2007 95,000 4.55% 15,277.50 11 7/1/2007 13,116.25 12 1/1/2008 95,000 4.65% 13,116.25 13 7/1/2008 10,907.50 14 1/1/2009 100,000 4.80% 10,907.50 15 7/1/2009 8,507.50 16 1/1/2010 105,000 4.90% 8,507.50 17 7/1/2010 5,935.00 18 1/1/2011 115,000 5.00% 5,935.00 19 7/1/2011 3,060.00 20 1/1/2012 120,000 5.10% 3,060.00 21 7/1/2012 0.00 965,000 273,020.00 Total Payment 22 468.75 102 468.75 20 828.75 100 828.75 19 128.75 104 128.75 17 280.00 107 280.00 15,277.50 110 277.50 13 116.25 108 116.25 10 907.50 110 907.50 8 507.50 113 507.50 5 935.00 120 935.00 3,060.00 123,060.00 0.00 1,238,020.00 Balance Fiscal Year Bond Year 965,000 Total Pmt Total Pmt 965,000 22,468.75 885,000 124,937.50 885,000 123,297.50 805,000 121,657.50 805,000 119,957.50 720,000 123,257.50 720,000 121,408.75 630,000 ' 124,560.00 630,000 122,557.50 535,000 125,555.00 535,000 123,393.75 440,000 121,232.50 440,000 119,023.75 340,000 121,815.00 340,000 119,415.00 235,000 122,015.00 235,000 119,442.50 120,000 126,870.00 120,000 123,995.00 0 126,120.00 0 123,060.00 1,238,020.00 1,238,020.00 Discount: 0 0.00 Net Realized: 965,000 NIC ($): 273,020.00 Ave Life: 5.880829 NIC (%): 4.810925% Ave Coupon: 4.810925% Accrued Interest: 0 Net + Accrued: 965,000 Maximum*: 123,995.00 126,870.00 Minimum *: 119,023.75 121,232.50 Difference: 4,971.25 5,637.50 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.796794% City of Chanhassen, Minnesota Water Distribution 2003A $ 75,0OO Pmt # Date Principal Rate Interest 1 7/112003 1,765.00 2 1/1/2004 5,000 4.10% 1,765.00 3 711/2004 1,662.50 4 1/1/2005 5,000 4.25% 1,662.50 5 7/1/2005 1,556.25 6 11112006 5,000 4.35% 1,556.25 7 7/1/2006 -1,447.50 8 1/1/2007 5,000 4.45% 1,447.50 9 7/1/2007 1,336.25 10 1/1/2008 5,000 4.55% 1,336.25 11 7/1/2008 1,222.50 12 1/1/2009 10,000 4.65% 1,222.50 13 7/1/2009 990.00 14 1/1/2010 10,000 4.80% 990.00 15 7/1/2010 750.00 16 1/1/2011 10,000 4.90% 750.00 17 7/1/2011 505.00 18 1/1/2012 10,000 5.00% 505.00 19 7/1/2012 255.00 20 1/1/2013 10,000 5.10% 255.00 21 7/1/2013 0.00 75,000 22,980.00 Discount: 0 0.00 Net Realized: 75,000 NIC ($): 22,980.00 Ave Life: 6.333333 NIC (%): 4.837895% Ave Coupon: 4.837895% Accrued Interest: 0 Net + Accrued: 75,000 Total Payment 1,765.00 6,765.00 1,662.50 6,662.50 1,556.25 6,556.25 1,447.50 6,447.50 1,336.25 6,336.25 1,222.50 11,222.50 990.00 10,990.00 750.00 10,750.00 505.00 10,505.00 255.00 10,255.00 0.00 97,980.00 Balance 75,000 75,000 70,000 70,000 65,000 65,00O 60,000 60,000 55,000 55,000 50,000 50,000 40,000 40,000 30,000 30,000 20,000 20,000 10,000 t0,000 0 0 Fiscal Year Bond Year Total Prat Total Prat 1,765.00 8,530.00 8,427.50 8,325.00 8,218.75 81'112.50 8,003.75 7,895.00 7,783.75 7,672.50 7,558.75 12,445.00 12,212.50 11,980.00 11,740.00 11,500.00 11,255.00 11,010.00 10,760.00 10,510.00 10,255.00 97,980.00 97,980.00 Maximum*: 12,212.50 12,445.00 Minimum *: 7,558.75 7,672.50 Difference: 4,653.75 4,772.50 Max and Min does not. include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.826098% City of Chanhassen, Minnesota Water Distribution 2004A $ 2,090,000 Pmt # Date Principal Rate 1 71112004 2 1/1/2005 170,000 4.10% 3 7/1/2005 4 1/1/2006 175,000 4.25% 5 7/112006 6 1/1/2007 ' 185,000 4.35% 7 7/1/2007 8 1/1/2008 195,000 4.45% 9 7/1/2008 10 111/2009 200,000 4.55% 11 7/1/2009 12 1/1/2010 210,000 4.65% 13 7/1/2010 14 1/1/2011 220,000 4.80% 15 7/1/2011 16 1/1/2012 235,000 4.90% 17 7/1/2012 18 1/1/2013 245,000 5.00% 19 711/2013 20 1/1/2014 255,000 5.10% 21 7/1/2014 2,090,000 interest 48,663.75 48,663.75 45,178.75 45,178.75 41,460.00 41,460.00 37,436.25 37,436.25 33 097.50 33 097.50 28 547.50 28 547.50 23 665.00 23 665.00 18 385.00 18 385.00 12,627.50 12,627.50 6,502.50 6,502.50 0.00 591,127.50 Total Payment 48,663.75 218,663.75 45,178.75 220,178.75 41,460.00 226,460.00 37,436.25 232,436.25 33,097.50 233,097.50 28 547.50 238 547.50 23 665.00 243 665.00 18 385.00 253 385.00 12 627.50 257 627.50 6 502.50 261 502.50 0.00 2,681,127.50 Balance 2,090,000 2,090,000 1,920,O0O 1,92O,0O0 1,745,000 1,745,000 1,560,000 1,560,000 1,365,000 1,365,000 1,165,000 1,165,000 955 000 955 000 735 000 735 000 500 000 500 000 255 000 255 000 0 0 Fiscal Year Bond Year Total Pmt Total Prat 48,663.75 267,327.50 263,842.50 265,357.50 261,638.75 267,920.00 263,896.25 269,872.50 265,533.75 266,195.00 261,645.00 267,095.00 262,212.50 267,330.00 262,050.00 271,770.00 266,012.50 270,255.00 264,130.00 268,005.0O 261,502.50 2,681,127.50 2,681,127.50 Discount: 0 0.00 Net Realized: 2,090,000 Ave Life: 5.880383 Ave Coupon: 4.809825% Accrued Interest: 0 Net + Accrued: 2,090,000 NIC ($): 591,127.50 NIC (%): 4.809825% Maximum*: 266,012.50 271,770.00 Minimum *: 261,502.50 265,357.50 Difference: 4,510.00 6,412.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795803% City of Chanhassen, Minnesota Water Distribution 2006A $ 1,980,O00 Pmt # Date Principal Rate 1 7/1/2006 2 1/1/2007 160,000 4.10% 3 7/1/2007 4 1/1/2008 165,000 4.25% 5 7/1/2008 6 1/1/2009 175,000 ' 4.35% 7 7/1/2009 8 1/1/2010 185,000 4.45% 9 7/1/2010 10 1/1/2011 190,000 4.55% 11 7/1/2011 12 1/1/2012 200,000 4.65% 13 7/1/2012 14 1/1/2013 210,000 4.80% 15 7/1/2013 16 1/1/2014 220,000 4.90% 17 7/1/2014 18 1/1/2015 230,000 5.00% 19 7/1/2015 20 1/1/2016 245,000 5.10% 21 7/1/2016 1,980,000 Interest 46,108.75 46,108.75 42,.828.75 42,828.75 39,322.50 39,322.50 35,516.25 35,516.25 31 400.00 31 400.00 27 077.50 27 077.50 22 427.50 22 427.50 17 387.50 17 387.50 11,997.50 11,997.50 6,247.50 6,247.50 0.00 560,627.50 Total Payment 46,108.75 206 108.75 42 828.75 207 828.75 39 322.50 214 322.50 35 516.25 220 516.25 31 400.00 221 400.00 27 077.50 227 077.50 22 427.50 232 427.50 17 387.5O 237 387.50 11,997.50 241,997.50 6,247.50 251,247.50 0.00 2,540,627.50 Balance 1,980,000 1,980,000 1,820,000 1,820,000 1,655,000 1,655,000 1,480,000 1,480,000 1,295,000 1,295,000 1,105,000 1,105,000 905 000 905 000 695 000 695 000 475 000 475 000 245 000 245 000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt 46,108.75 252,217.50 248,937.50 250,657.50 247,151.25 253,645.00 249,838.75 256,032.50 251,916.25 252,800.00 248,477.50 254,155.00 249,505.00 254,855.00 249,815.00 254,775.00 249,385.00 253,995.00 248,245.00 257,495.00 251,247.50 2,540,627.50 2,540,627.50 Discount: 0 0.00 Net Realized: 1,980,000 NIC ($): 560,627.50 Ave Life: 5.886364 NIC (%): 4.810189% Ave Coupon: 4.810189% Accrued Interest: 0 Net + Accrued: 1,980,000 Maximum*: 251,916.25 257,495.00 Minimum *: 247,151.25 250,657.50 Difference: 4,765.00 6,837.50 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.796157% City of Chanhassen, Minnesota Water Distribution 2007A $ 4,270,00O Pmt # Date Principal 1 7/1/2007 2 1/1/2008 345,000 3 7/1/2008 4 1/1/2009 360,000 5 7/1/2009 6 1/1/2010 375,000 7 7/1/2010 8 1/1/2011 395,000 9 7/1/2011 10 1/1/2012 410,000 11 7/1/2012 12 1/1/2013 430,000 13 7/1/2013 14 1/1/2014 455,000 15 7/1/2014 16 1/1/2015 475,000 17 7/1/2015 18 1/1/2016 500,000 19 711/2016 20 1/1/2017 525,000 21 7/1/2017 4,270,000 Total Balance Fiscal Year Bond Year Rate Interest Payment 4,270,000 Total Pmt Total Pmt 99,437.50 99,437.50 4,270,000 99,437.50 4.10% 99,437.50 444,437.50 3,925,000 543,875.00 92,365.00 92,365.00 3,925,000 536,802.50 4.25% 92,365.00 452,365.00 3,565,000 544,730.00 84,715.00 84,715.00 3,565,000 537,080.00 4.35% 84,715.00 459,715.00 3,190,000 544,430.00 76,558.75 76,558.75 3,190,000 538,273.75 4.45% 76,558.75 471,558.75 2,795,000 548,117.50 67;770.00 67,770.00 2,795,000 539,328.75 4.55% 67,770.00 477,770.00 2,385,000 545,540.00 58,442.50 58,442.50 2,385,000 536,212.50 4.65% 58,442.50 488,442.50 1,955,000 546,885.00 48,445.00 48,445.00 1,955,000 536,887.50 4.80% 48,445.00 503,445.00 1,500,000 551,890.00 37,525.00 37,525.00 1,500,000 540,970.00 4.90% 37,525.00 512,525.00 1,025,000 550,050.00 25,887.50 251887.50 1,025,000 538,412.50 5.00% 25,887.50 525,887.50 525,000 551,775.00 13,387.50 13,387.50 525,000 539,275.00 5.10% 13,387.50 538,387.50 0 551,775.00 0.00 0.00 0 538,387.50 1,209,067.50 5,479,067.50 5,479,067.50 5,479,067.50 Discount: 0 0.00 Net Realized: 4,270,000 Ave Life: 5.886417 Ave Coupon: 4.810294% Accrued Interest: 0 Net + Accrued: 4,270,000 NIC ($): 1,209,067.50 NIC (%): 4.810294% Maximum*: 540,970.00 551,890.00 Minimum *: 536,212.50 543,875.00 Difference: 4,757.50 8,015.00 Max and Min does not include first paymen periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.796282% City of Chanhassen, Minnesota Water Distribution 2008A $ 245,000 Pmt # Date 1 7/1/2008 2 1/1/2009 3 7/1/2009 4 1/1/2010 5 7/1/2010 6 1/1/2011 7 7/1/2011 8 1/1/2012 9 7/1/2012 10 1/1/2013 11 7/1/2013 12 1/1/2014 13 7/1/2014 14 1/1/2015 15 7/1/2015 16 1/1/2016 17 7/1/2016 18 1/112017 19 7/1/2017 20 1/1/2018 21 7/1/2018 Principal Rate Interest 5,703.75 20,000 4.10% 5,703.75 5,293.75 20,000 4.25% 5,293.75 4,868.75 20,000 4.35% 4,868.75 4,433.75 25,000 4.45% 4,433.75 3,877.50 25,000 4.55% 3,877.50 3,308.'75 25,000 4.65% 3,308.75 2,727.50 25,000 4.80% 2,727.50 2,127.50 25,000 4.90% 2,127.50 1,515.00 30,000 5.00% 1,515.00 765.00 30,000 5.10% 765.00 0.00 245,000 69,242.50 Total Balance Fiscal Year Payment 245,000 Total Pmt 5,703.75 245,000 5,703.75 25,703.75 225,000 5,293.75 225,000 30,997.50 25,293.75 205,000 4,868.75 205,000 30,162.50 24,868.75 185,000 4,433.75 185,000 29,302.50 29,433.75 160,000 3,877.50 160,000 33,311.25 28,877.50 135,000 3,308.75 135,000 32,186.25 28,308.75 110,000 2,727.50 110,000 31,036.25 27,727.50 85,000 2,127.50 85,000 29,855.00 27,127.50 60,000 1,515.00 60,000 28,642.50 31,515.00 30,000 765.00 30,000 32,280.00 30,765.00 0 0.00 0 30,765.00 314,242.50 314,242.50 Bond Year Total Prat 31,407.50 30,587.50 29,737.50 33,867.50 32,755.00 31,617.50 30,455.00 29,255.00 33,030.00 31 530.00 314,242.50 Discount: 0 0.00 Net Realized: Ave Life: Ave Coupon: Accrued Interest: Net + Accrued: 245,000 5.877551 4.8O8507% 0 245,000 NIC ($): 69,242.50 NIC (%): 4.808507% Maximum*: 33,311.25 33,867.50 Minimum *: 28,642.50 29,255.00 Difference: 4,668.75 4,612.50 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.794403% City of Chanhassen, Minnesota Water Distribution 2009A $ 415,000 Pmt # Date Principal Rate 1 7/112009 2 1/112010 35,000 4.10% 3 7/1/2010 4 1/1/2011 35,000 4.25% 5 7/112011 6 1/112012 35,000 4.35% 7 7/1/2012 8 1/1/2013 40,000 4.45% 9 7/1/2013 10 1/1/2014 40,000 4.55% 11 7/1/2014 12 1/1/2015 40,000 4.65% 13 7/1/2015 14 1/1/2016 45,000 4.80% 15 7/1/2016 16 1/1/2017 45,000 4.90% 17 7/1/2017 18 1/1/2018 50,000 5.00% 19 7/1/2018 20 1/1/2019 50,000 5.10% 21 711/2019 415,000 Interest 9,660.00 9,660.00 8,942.50 8 942.50 8 198.75 8 198.75 7 437.50 7 437.50 6 547.50 6 547.50 5 637.50 5 637.50 4 707.50 4,707.50 3,627.50 3,627.50 2,525.00 2,525.00 1,275.00 1,275.00 0.00 117,117.50 Total Payment 9,660.00 44,660.00 8,942.50 43,942.50 8,198.75 43,198.75 7,437.50 47,437.50 6,547.50 46,547.50 5,637.50 45,637.50 4,707.50 49,707.50 3,627.50 48,627.5O 2,525.00 52,525.00 1,275.OO 51,275.00 0.00 532,117.50 Balance 4t5,000 415,000 380,000 38O,O0O 345,000 345,000 310,000 310,000 270,000 270,000 230,000 230 000 190 000 190 000 145 000 145 000 100 000 100 000 50 000 50 000 0 0 Fiscal Year Bond Year Total Pmt T~alPmt 9,660.00 54,320.00 53,602.50 52,885.00 52,141.25 51,397.50 50,636.25 54,875.00 53,985.00 53,095.00 52,185.00 51,275.00 50,345.00 54,415.00 53,335.00 52,255.00 51,152.50 55,050.00 53,800.00 52,550.00 51,275.00 532,117150 532,117.50 Discount: 0 0.00 Net Realized: 415,000 NIC ($): 117,117.50 Ave Life: 5.867470 NIC (%): 4.809754% Ave Coupon: 4.809754% Accrued Interest: 0 Net + Accrued: 415,000 Maximum*: 53,985.00 55,050.00 Minimum *: 50,345.00 51,275.00 Difference: 3,640.00 3,775.00 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.795700% City of Chanhassen, Minnesota Water Distribution 2010A $ 95,000 Pmt # Date Principal I 7/1/2010 2 1/1/2011 5,000 3 71112011 4 1/1/2012 10,000 5 7/1/2012 6 11112013 10,000 7 7/1/2013 8 1/1/2014 10,000 9 7/1/2014 10 1/1/2015 10,000 11 7/1/2015 12 1/1/2016 10,000 13 7/1/2016 14 1/1/2017 10,000 15 7/1/2017 16 1/1/2018 10,000 17 7/1/2018 18 1/112019 10,000 19 7/1/2019 20 1/1/2020 10,000 21 7/1/2020 95,000 Rate 4.10% 4.25% 4.35% 4.45% 4.55% 4.65% 4.80% 4.90% 5.00% 5.10% Discount: 0 Net Realized: 95,000 NIC ($): Ave Life: 5.736842 NIC (%): Ave Coupon: 4.786239% Accrued Interest: 0 Net + Accrued: 95,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 2,205.00 2,205.00 2,102.50 2,102.50 1,890.00 1,890.00 ~ 1,672.50 1,672.50 1,450.00 1,450.00 1,222.50 1,222.50 990.00 990.00 750.00 750.00 505.00 505.00 255.00 255.00 0.00 26,085.00 0.00 26,085.00 4.786239% 5.291844% 4.772041% Total Payment 2,205.00 7,205.00 2,102.50 12,102.50 1,890.00 11,890.00 1,672.50 11,672.50 1,450.00 11,450.00 1,222.5O 11,222.50 990.00 10,990.00 750.00 10,750.00 505.00 10,505.00 255.00 10,255.00 0.00 121,085.00 Balance 95,000 95,00O 90,000 90,000 80,OOO 80,000 70,000 70,000 60,000 60,000 50,000 50,000 40,000 40,000 30,000 30,000 20,000 20,000 10,000 10,000 0 .0 Fiscal Year Total Pmt 2,205.00 9,307.50 13,992.50 13,562.50 13,122.50 12,672.50 12,212.50 11,740.00 11,255.00 10,760.00 10,255.00 121,085.00 Bond year Total Pmt 9,410.00 t4,205.00 13,780.00 13,345.00 12,900.00 12,445.00 11,980.00 11,500.00 11,010.00 10,510.00 121,085.00 Maximum*: 13,992.50 14,205.00 Minimum *: 9,307.50 9,410.00 Difference: 4,685.00 4,795.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2011A $ 880,000 Prat # Date 1 7/1/2011 2 1/1/2012 3 711/2012 4 111/2013 5 7/1/2013 6 111/2014 7 7/1/2014 8 1/1/2015 9 7/1/2015 10 1/1/2016 11 7/1/2016 12 1/112017 13 7/1/2017 14 1/1/2018 15 711/2018 16 111/2019 17 7/1/2019 18 1/1/2020 19 7/1/2020 20 1/1/2021 21 7/1/2021 Total Principal Rate Interest Payment 20,501.25 20,501.25 70,000 4.10% 20,501.25 90,501.25 19,066.25 19,066.25 75,000 4.25% 19,066.25 94,066.25 17,472.50 17,472.50 ' 75,000 4.35% 17,472.50 92,472.50 15,841.25 15,841.25 80,000 4.45% 15,841.25 95,841.25 14,061.25 14,061.25 85,000 4.55% 14,061.25 99,061.25 12,127.50 12,127.50 90,000 4.65% 12,127.50 102,127.50 10,035.00 10,035.00 95,000 4.80% 10,035.00 105,035.00 7,755.00 7,755.00 100,000 4.90% 7,755.00 107,755.00 5,305.00 5,305.00 100,000 5.00% 5,305.00 105,305.00 2,805.00 2,805.00 110,000 5.10% 2,805.00 112,805.00 0.00 0.00 880,000 249,940.00 1,129,940.00 Discount: 0 Net Realized: 880,000 NIC ($): Ave Life: 5.903409 NIC (%): Ave Coupon: 4.811165% Accrued Interest: 0 Net + Accrued: 880,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 249,940.00 4.811165% 5.291844% 4.797239% Balance 880,000 880,000 810,000 810,000 735,000 735,000 660 000 660 000 580 000 58O 000 495 000 495 000 405 000 405 000 310 000 310 000 210 000 210 000 110,000 110,000 0 0 Fiscal Year Bond Year T~alPmt Total Pmt 20,501.25 111,002.50 109,567.50 113,132.50 111,538.75 109,945.00 108,313.75 111,682.50 109,902.50 113,122.50 111,188.75 114,255.00 112,162.50 115,070.00 112,790.00 115,510.00 113,060.00 110,610.00 108,110.00 115,610.00 112,805.00 1,129,940.00 1:129,940.00 Maximum*: 113,060.00 115,610.00 Minimum *: 108,110.00 109,945.00 Difference: 4,950.00 5,665.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2012A $ 555,000 Pmt # Date 1 711/2012 2 1/1/2013 3 7/1/2013 4 1/1/2014 5 7/1/2014 6 1/1/2015 7 7/1/2015 8 1/1/2016 9 7/1/2016 10 1/1/2017 11 7/1/2017 12 1/1/2018 13 7/1/2018 14 1/1/2019 15 7/1/2019 16 1/1/2020 17 7/1/2020 18 1/1/2021 19 7/1/2021 20 1/1/2022 21 7/1/2022 Total Balance Fiscal Year Bond Year Principal Rate Interest Payment 555,000 Total Pmt Total Pmt 12,928.75 12,928.75 555,000 12,928.75 45,000 4.10% 12,928.75 57,928.75 510,000 70,857.50 12,006.25 . 12,006.25 510,000 69,935.00 45,000 4.25% 12,006.25 57,006.25 465,000 69,012.50 11,050.00 11,050.00 465,000 68,056.25 50,000 4.35% 11,050.00 61,050.00 415,000 72,100.00 9,962.50 9,962.50 415,000 71,012.50 50,000 4.45% 9,962.50 59,962.50 365,000 69,925.00 8,850.00 8,850.00 365,000 68,812.50 55,000 4.55% 8,850.00 63,850.00 310,000 72,700.00 7,.598.75 7,598.75 310,000 71,448.75 55,000 4.65% 7,598.75 62,598.75 255,000 70,197.50 6,320.00 6,320.00 255,000 68,918.75 60,000 4.80% 6,320.00 66,320.00 195,000 72,640.00 4,880.00 4,880.00 195,000 71,200.00 60,000 4.90% 4,880.00 64,880.00 135,000 69,760.00 3,410.00 3,410.00 135,000 68,290.00 65,000 5.00% 3,410.00 68,410.00 70,000 71,820.00 1,785.00 1,785.00 70,000 70,195.00 70,000 5.10% 1,785.00 71,785.00 0 73,570.00 0.00 0.00 0 71,785.00 555,000 157,582.50 712,582.50 712,582.50 712,582.50 Discount: 0 Net Realized: 555,000 NIC ($): Ave Life: 5.900901 NIC (%): Ave Coupon: 4.811679% Accrued Interest: 0 Net + Accrued: 555,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 157,582.50 4.811679% 5.291844% 4.797642% Maximum*: 71,785.00 73,570.00 Minimum *: 68,056.25 69,012.50 Difference: 3,728.75 4,557.50 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2013A $ 645,000 Prat # Date 1 7/1/2013 2 1/112014 3 7/1/2014 4 1/1/2015 5 7/1/2015 6 111/2016 7 711/2016 8 1/1/2017 9 7/1/2017 10 1/1/2018 11 7/1/2018 12 1/1/2019 13 711/2019 14 1/1 ~2020 15 711/2020 16 111/2021 17 7/1/2021 18 111/2022 19 7/1/2022 20 1 I1 ~2023 21 71112023 Total Principal Rate Interest Payment 15,013.75 15,013.75 55,000 4.10% 15,013.75 70,013.75 13,886.25 13,886.25 55,000 4.25% 13,886.25 68,886.25 12,717.50 12,717.50 55,000 4.35% 12,717.50 67,717.50 11,521.25 11,521.25 60,000 4.45% 11,521.25 71,521.25 10,186.25 10,186.25 60,000 4.55% 10,186.25 70,186.25 8,821.25 8,821.25 65,000 4.65% 8,821.25 73,821.25 7,310.00 7,310.00 70,000 4.80% 7,310.00 77,310.00 5,630.00 5,630.0,0 70,000 4.90% 5,630.00 75,630.00 3,915.00 3,915.00 75,000 5.00% 3,915.00 78,915.00 2,040.00 2,040.00 80,000 5.10% 2,040.00 82,040.00 0.00 0.00 645,000 182,082.50 827,082.50 Discount: 0 Net Realized: 645,000 NIC ($): Ave Life: 5.868217 NIC (%): Ave Coupon: 4.810634% Accrued Interest: 0 Net + Accrued: 645,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 0.00 182,082.50 4.810634% 5.291844% 4.796538% Balance 645 000 645 000 590 000 590 000 535.000 535000 480000 480 000 420 000 420 000 360 000 360 000 295 000 295 000 225 000 225 000 155 000 155 000 80 000 80 000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt 15,013.75 85,O27.50 83,900.00 82,772.50 81,603.75 80,435.00 79,238.75 83,042.50 81,707.50 80,372.50 79,007.50 82,642.50 81,131.25 84,620.00 82,940.00 81,260.00 79,545.00 82,830.00. 80,955.00 84,080.00 82,040.00 827,082.50 827,082.50 Maximum*: 83,900.00 85,027.50 Minimum *: 79,007.50 80,372.50 Difference: 4,892.50 4,655,00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2015A $ 105,000 Total Prat # Date Principal Rate Interest Payment 1 7/1/2015 2,435.00 2,435.00 2 1/1/2016 10,000 4.10% 2,435.00 12,435.00 3 711/2016 2,230.00 2,230.00 4 1/1/2017 10,000 4.25% 2,230.00 12,230.00 5 7/1/2017 2,017.50 2,017.50 6 1/1/2018 10,000 4.35% 2,017.50 12,017.50 7 71112018 1,800.00 1,800.00 8 1/1/2019 10,000 4.45% 1,800.00 11,800.00 9 7/1/2019 1,577.50 1,577.50 10 1/1/2020 10,000 4.55% 1,577.50 11,577.50 11 7/1/2020 1,350.00 1,350.00 12 1/1/2021 10,000 4.65% 1,350.00 11,350.00 13 7/1/2021 1,117.50 1,117.50 14 1/1/2022 10,000 4.80% 1,117.50 11,117.50 15 7/1 ~2022 877.50 877.50 16 1/1/2023 10,000 4.90% 877.50 10,877.50 17 7/1/2023 632.50 632.50 18 1/1/2024 10,000 5.00% 632.50 10,632.50 19 7/1 ~2024 382.50 382.50 20 1/1/2025 15,000 5.10% 382.50 15,382.50 21 7/1/2025 0.00 0.00 105,000 28,840.00 133,840.00 Balance 105,000 105,000 95,000 95,000 85,000 85,000 75,000 75,000 65 000 65 000 55 000 55 000 45 000 45 000 35 000 35 000 25 000 25 000 15 000 15 000 0 0 FiscalYear Bond Year TotalPmt Total Pmt 2,435.00 14,870.00 14,665.00 14,460.00 14,247.50 14,035.00 13,817.50 13,600.00 13,377.50 13,155.00 12,927.50 12,700.00 12,457.50 12,235.00 11,995.00 11,755.00 11,510.00 11,265.00 11,015.00 15,765.00 15,382.50 133,840.00 133,840.00 Discount: 0 0.00 N~ Realized: 105,000 NIC ($): 28,840.00 Ave Life: 5.714286 NIC (%): 4.806667% Ave Coupon: 4.806667% Accrued Interest: 0 Net + Accrued: 105,000 Maximum*: 15,382.50 15,765.00 Minimum *: 11,015.00 11,265.00 Difference: 4,367.50 4,500.00 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.791209% City of Chanhassen, Minnesota Water Distribution 2016A $ 1,285,000 Pmt # Date Principal Rate Interest I 7/1/2016 29,900.00 2 1/1/2017 105,000 4.10% 29,900.00 3 711/2017 27,747.50 4 1/1/2018 110,000 4.25% 27,747.50 5 711/2018 25,410.00 6 1/1/2019 115,000 4.35% 25,410.00 7 7/1/2019 22,908.75 8 111/2020 120,000 4.45% 22,908.75 9 7/112020 20,238.75 10 1/1/2021 125,000 4.55% 20,238.75 11 7/112021 17,395,00 12 1/1/2022 130,000 4.65% 17,395.00 13 711/2022 14,372.50 14 1/1/2023 135,000 4.80% 14,372.50 15 7/1/2023 11,132.50 16 1/1/2024 140,000 4.90% 11,132.50 17 7/1/2024 7,702.50 18 1/1/2025 150,000 5.00% 7,702.50 19 7/112025 3,952.50 20 1/1/2026 155,000 5.10% 3,952.50 21 7/1/2026 0.00 1,285,000 361,520.00 Total Payment 29,900.00 134,900.00 27,747.50 137,747.50 25,410.00 140,410.00 22,908.75 142,908.75 20,238.75 145,238.75 17,395.00 147,395.00 14,372.50 149,372.50 11,132.50 151,132.50 7,702.50 157,7O2.50 3,952.50 158,952.50 0.00 1,646,520.00 Balance 1,285,000 1,285,000 1,180,000 1,180,000 1,070,000 1,070,000 955 000 955 000 835 000 835 000 710 000 710 000 580 000 580 000 445,000 445,000 305,000 305,000 155,000 155,000 0 0 Fiscal Year Bond Year T~al Pmt Total Pmt 29,900.00 164,800.00 162,647.50 165,495.00 163,157.50 165,820.00 163,318.75 165,817,50 163,147.50 165,477.50 162,633.75 164,790.00 161,767.50 163,745.00 160,505.00 162,265.00 158,835.00 165,405.00 161,655.00 162,905.00 158,952.50 1,646,520.00 1,646,520.00 Discount: 0 0.00 Net Realized: 1,285,000 NIC ($): 361,520.00 Ave Life: 5.852140 NIC (%): 4.807447% Ave Coupon: 4.807447% Accrued Interest: 0 Net + Accrued: 1,285,000 Maximum*: 163,318.75 165,820.00 Minimum *: 158,835.00 162,265.00 Difference: 4,483.75 3,555.00 Max and Min does not include first payme periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.793329% City of Chanhassen, Minnesota Water Distribution 2017A $ 390,000 Prat # Date Principal I 7/1/2017 2 1/1/2018 30,000 3 7/1/2018 4 111/2019 35,000 5 7/1/2019 6 1/1/2020 35,000 7 7/1/2020 8 1/1/2021 35,000 9 7/112021 10 1/1/2022 35,000 11 7/1/2022 12 1/1/2023 40,000 13 7/1/2023 14 1/1/2024 40,000 15 7/1/2024 16 1/1/2025 45,000 17 7/1/2025 18 1/1/2026 45,000 19 7/1/2026 20 1/1/2027 50,000 21 7/1/2027 390,000 Rate 4.10% 4.25% 4.35% 4.45% 4.55% 4.65% 4.80% 4.90% 5.00% 5.10% Discount: 0 Net Realized: 390,000 NIC ($): Ave Life: 5.910256 NIC (%): Ave Coupon: 4.813666% Accrued Interest: 0 Net + Accrued: 390,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): Interest 9,087.50 9,087.50 8,472.50 8,472.50 7,728.75 7,728.75 6,967.50 6,967.50 · 6,188.75 6,188.75 5,392.50 5,392.50 4,462.50 4,462.50 3,502.50 3,502.50 2,400.00 2,400.00 1,275.00 1,275.00 0.00 10,955.00 0.00 110,955.00 4.813666% 5.291844% 4.799558% Total Payment 9,087.50 39,087.50 8,472.50 43,472.50 7,728.75 42,728.75 6,967.50 41,967.50 6,188.75 41,188.75 5,392.50 45,392.5O 4,462.50 44,462.50 3,502.50 48,5O2.50 2,400.00 47,400.00 1,275.00 51,275.00 0.00 500,955,00 Balance 390,000 390,000 360,000 360,000 325,000 325,000 290,000 290,000 255,00O 255 000 220 000 220 000 180 000 180 000 140 000 140 000 95 000 95 000 50 000 50 000 0 0 Fiscal Year Total Pmt 9,087.50 47,560.00 51,201.25 49,696.25 48,156.25 46,581.25 49,855.00 47,965.00 50,902.50 48,675.00 51 275.00 500,955.00 Bond Year Total Pmt 48,175.00 51,945.00 50,457.50 48,935.00 47,377.50 5O, 785.00 48,925.00 52,005.00' 49,800.00 52,550.00 500,955.00 Maximum*: 51,275.00 52,550.00 Minimum *: 46,581.25 47,377.50 Difference: 4,693.75 5,172.50 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2018A $ 340,000 Total Pmt # Date Principal Rate Interest Payment 1 7/112018 7,920.00 7,920.00 2 1/1/2019 25,000 4.10% 7,920.00 32,920.00 3 7/1/2019 7,407.50 7,407.50 4 1/1/2020 30,000 4.25% 7,407.50 37,407.50 5 7/1/2020 6,770.00 6,770.00 6 1/112021 - 30,000 4.35% 6,770.00 36,770.00 7 7/1/2021 6,117.50 ~ 6,117.50 8 1/1/2022 30,000 4.45% 6,117.50 36,117.50 9 7/1/2022 5,450.00 5,450.00 10 1/1/2023 35,000 4.55% 5,450.00 40,450.00 11 7/1/2023 4,653.75 4,653.75 12 1/1/2024 35,000 4.65% 4,653.75 39,653.75 13 7/1/2024 3,840.00 3,840.00 14 1/112025 35,000 4.80% 3,840.00 38,840.00 15 7/1/2025 3,000.00 3,000.00 16 1/1/2026 40,000 4.90% 3,000.00 43,000.00 17 7/1/2026 2,020.00 2,020.00 18 111/2027 40,000 5.00% 2,020.00 42,020.00 19 7/1/2027 1,020.00 1,020.00 20 111/2028 40,000 5.10% 1,020.00 41,020.00 21 7/1/2028 0.00 0.00 340,000 96,397.50 436,397.50 Balance 34O 000 340 000 315 000 315 000 285 000 285 000 255 000 255 000 225 000 225 000 190 000 190 000 155 000 155 000 120 000 120 000 80000 80000 40 000 40.000 0 0 Fiscal Year Total Pmt 7,920.00 40,327.50 44,177.50 42,887.50 41,567.50 45,103,75 43,493.75 41,840.00 45,020.00 43,040.00 41 020.00 436,397.50 Bond Year Total Pmt 40,840.00 44,815.00 43,540.00 42,235.00 45,900.00 44,307.50 42,680.00 46,000.00 44,040.00 42,040.00 436,397.50 Discount: 0 0.00 Net Realized: 340,000 NIC ($): Ave Life: 5.897059 NIC (%): Ave Coupon: 4.807855% Accrued Interest: 0 Net + Accrued: 340,000 TIC (%) (from Dated Date): TIC (%) (from Delivery Date): 96,397.50 4.807855% 5.291844% 4.794040% Maximum*: 45,103.75 46,000.00 Minimum *: 40,327.50 40,840.00 Difference: 4,776.25 5,160.00 Max and Min does not include first paym periods with no principal payments. City of Chanhassen, Minnesota Water Distribution 2019A $ 665,000 Total Pmt # Date Principal Rate Interest Payment I 7/1/2019 15,483.75 15,483.75 2 1/1/2020 55,000 4.10% 15,483.75 70,483.75 3 7/1/2020 14,356.25 14,356.25 4 1/1/2021 55,000 4.25% 14,356.25 69,356.25 5 7/1/2021 13,187.50 13,187.50 6 1/1/2022 60,000 4.35% 13,187.50 73,187.50 7 711/2022 11,882.50 11,882.50 8 1/1/2023 60,000 4.45% 11,882.50 71,882.50 9 7/1/2023 10,547.50 10,547.50 10 1/1/2024 65,000 4.55% 10,547.50 75,547.50 11 7/1/2024 9,068.75 9,068.75 12 1/1/2025 65,000 4.65% 9,068.75 74,068.75 13 7/1/2025 7,557.50 7,557.50 14 1/1/2026 70,000 4.80% 7,557.50 77,557.50 15 7/1/2026 5,877.50 5,877.50 16 1/1/2027 75,000 4.90% 5,877.50 80,877.50 17 7/1/2027 4,040.00 4,040.00 18 1/1/2028 80,000 5.00% 4,040.00 84,040.00 19 .7/1/2028 2,040.00 2,040.00 20 111/2029 80,000 5.10% 2,040.00 82,040.00 21 7/1/2029 0.00 0.00 665,000 188,082.50 853,082.50 Balance 665 000 665 000 610 000 610 000 555 000 555 000 495 000 495 000 435 000 435 000 370 000 370 000 305 000 30500O 235.000 235 000 16~ 000 16~ 000 80~000 80,000 0 0 Fiscal Year Bond Year Total Pmt Total Pmt 15,483.75 85,967.50 84,840.00 83,712.50 82,543.75 86,375.00 85,070.00 83,765.00 82,430.00 86,095.00 84,616.25 83,137.50 81,626.25 85,115.00 83,435.00 86,755.00 84,917.50 88,080.00 86,080.00 84,080.00 82,040.00 853,082.50 853,082.50 Discount: 0 0.00 Net Realized: 665,000 NIC ($): 188,082.50 Ave Life: 5.879699 NIC (%): 4.810294% Ave Coupon: 4.810294% Accrued Interest: 0 Net + Accrued: 665,000 Maximum*: 86,080.00 88,080.00 Minimum *: 81,626.25 83,137.50 Difference: 4,453.75 41942.50 Max and Min does not include first paym periods with no principal payments. TIC (%) (from Dated Date): 5.291844% TIC (%) (from Delivery Date): 4.796287% City of Chanhassen, Minnesota Water 2000B $ 565,000 Pmt# Date Principal 1 36708 2 36892 45000 3 37073 4 37257 5000O 5 37438 6 37622 50000 7 37803 8 37987 50000 9 38169 10 38353 55000 11 38534 12 38718 55000 13 38899 14 39083 60000 15 39264 16 39448 65000 17 39630 18 39814 65000 19 39995 20 40179 70000 21 40360 565OO0 Rate Total Balance Interest Payment 565000 13157.5 13157.5 565000 0.041 13157.5 58157.5 520000 12235 12235 520000 0,0425 12235 62235 470000 11172.5 11172.5 470000 0.0435 11172.5 61172.5 420000 10085 10085 420000 0.0445 10085 60085 370000 8972.5 8972.5 370000 0.0455 8972.5 63972.5 315000 7721.25 7721.25 315000 0.0465 7721.25 62721.25 260000 6442.5 6442.5 260000 0.048 6442.5 66442.5 200000 5002.5 5002.5 200000 0.049 5002.5 70002.5 135000 3410 3410 135000 0.05 3410 68410 70000 1785 1785 70000 0.051 1785 71785 0 0 0 0 159967.5 724967.5 Fiscal Yea Bond Year Total Pmt Total Pmt 13157,5 71315 70392.5 7447O 73407.5 72345 71257.5 70170 69057.5 72945 71693.75 70442.5 69163.75 72885 71445 75005 73412.5 71820 70195 73570 71785 724967,5 724967.5 Discount: 0 Net Realiz 565000 NIC ($): Ave Life: 5.884956 NIC (%): Ave Coup 0.048111 Accrued In 0 Net + Accr 565000 159967.5 0.048111 Maximum* 73412.5 75005 Minimum 69057.5 70170 Difference: 4355 4835 Max and Min does not include firs periods with no principal payme TIC (%) (fr 0.052918 TIC (%) (fr 0.04797 CITYOF 690 City Center Drive, PO Box I47 Chanhassen, Minnesota 55317 Phone 612.937.1900 General lax 612. 937. 5739 Engineering Fax 612.93Z 9152 Public Safety Fax 612. 934. 2524 Web www. ci. chanhassen, mn. us MEMORANDUM TO: Scott Botcher, City Manager FROM: Kate Aanenson, Community Development Director DATE: August 11, 1999 SUB J: Villages on the Ponds Attached is an outline of the presentation staff will be given at Monday's work session. Included are the following items: Livable Communities Act Livable Communities Demonstration Account PUD Zoning and Design Standards Transit Capital Financial Grant Time Line History Much of the presentation and talk includes maps and general discussion of how this project came to be. Staff has proposed the following outline. History of zone change a. City objectives · housing diversity · density in close proximity to downtown no big box · natural features (wetland and wooded knoll) · mixed use - linkages between employment, housing and transit · compliment downtown - extension b. Integration of Livable Communities Act c. St. Hubert's Influence Summary of: · Zoning (PUD) · Design standards · EAW Grants: · Transit Capital Financial Assistance $190,000 · Livable Communities Demonstration Account $500,000 4. Development summary The G~ of Chanhassen. A growing communit~ with clean lakes, quality schools, a charming, downtown, thriving businesses, and beauti£ul parks. A great place to live, work, and play. CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: October 26, 1998 RESOLUTION NO: 98-95 MOTION BY: Ber~luist SECONDED BY: Mason RESOLUTION ELECTING TO CONTINUE PARTICIPATION IN THE LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT CALENDAR YEAR1998 WHEREAS, the Metropolitan Livable Communities Act (Minnesota Statues Section 473.25 to 473.254) establishes a Metropolitan Livable Communities Fund which is intended to address housing and other development issues facing the metropolitan area defined by Minnesota Statutes section 473.121; and WHEREAS, the Metropolitan Livable Communities Fund, comprising the Tax Base Revitalization Account, the Livable Communities Demonstration Account and the Local Housing Incentive Account, is intended to provide certain funding and other assistance to metropolitan area municipalities; and WHEREAS, a metropolitan area municipality is not eligible to receive grants or loans under the Metropolitan Livable Communities Fund or eligible to receive certain polluted sites cleanup funding from the Minnesota Department of Trade and Economic Development unless the municipality is participating in the Local Housing'Incentives Account Program under the ' Minnesota Statues section 473.254; and WHEREAS, the Metropolitan Livable Communities Act requires the Metropolitan Council to negotiate with each municipality to establish affordable and life-cycling housing goals for that municipality that are consistent with and promote the policies of the Metropolitan Council as provided in the adopted Metropolitan Development Guide; and WHEREAS, each municipality must identify to the Metropolitan Council the actions of the municipality plans to take to meet the established housing goals through preparation of the Housing Action Plan; and WHEREAS, the Metropolitan Council adopted, by resolution after a public hearing, negotiated affordable and life-cycle housing goals for each participating municipality; and WHEREAS, a metropolitan area municipality which elects to participate in the Local Housing Incentives Account Program must do so by November 15 of each year; and WHEREAS, for calendar year 198, a metropolitan area municipality that participated in the Local, Housing Incentives Account Program during the calendar year 1997, can continue to participate under Minnesota Statues section 473.254 if: (a) the municipality elects to participate in the Local Housing Incentives Account Program by November 15, 1997; and (b) the Metropolitan Council and the municipality have successfully negotiated affordable and life-cycle housing goals for the municipality. NOW, THEREFORE, BE IT RESOLVED that the City of Chanhassen hereby elects to participate in the Local Housing Incentives Program under the Metropolitan Livable Communities Act during the calendar year 1998. Passed and adopted by the Chanhassen City Council this 26th day of October, 1998. ATTEST: Don Ash~vorth, ~C~2i~-"'W/Clerk/Manager Nancy ' . K. Manc~no, Mayor YES NO. ABSENT Mancino Engel Senn Mason Berquist None None HOUSING GOALS AGREEMENT METROPOLITAN LIVABLE COMMUNITIES ACT PRINCIPLES The City of Chanhassen supports: I. A balanced housing supply, with housing available for people of all income levels. The accommodation of all racial and ethnic groups in the purchase, sale, rental and location of housing within the community. 3. A variety of housing types for people in all stages of the life-cycle. A community of well maintained housing and neighborhoods, including ownership and rental housing. Housing development that respects the natural environment of the community while striving to accommodate the need for a variety of housing types and costs. The availability ofa fifll range of services and facilities for its residents, and the improvement of access to an linkage between housing and employment. GOALS To carry out the above housing principles, the City of Chanhassen agrees to use the benchmark indicators for communities of similar location and stage of development as affordable and life- cycle housing goals for the period of 1996 to 2010, and to make its best efforts, given market conditions and source availability, to remain within or make progress toward these benchmarks. The City of Chanhassen reserves the right to negotiate the goals after 2_ years. Chanhassen agrees that the Metropolitan Council will use other market indicators to evaluate goals. These indicators may include land prices, interest rates, cost of construction, and environmental factors including trees and wetlands. Affordability Ownership Rental Life-Cycle Type (Non-single family detached) Owner/Renter Mix Density Single-Family Detached Multi family City, Index [ Benchmark 37% 60-69% 44% 35-37% 19% 35-37% 85/15% 67-75/25~33% 1.5/acre 1.8-1.9/acre 11/acre 1 O- 14/acre Goal '30% 35% 34% 1991 Comp Plan 90/10 1.8 9-10 AGREEMENT BETWEEN THE CITY OF CHANHASSEN AND AUSMAR DEVELOPMENT CO., LLC FOR USE OF TRANSIT CAPITAL FINANCIAL ASSISTANCE AND LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT GRANT FUNDS AS PART OF THE METROPOLITAN COUNTIES LIVABLE COMMUNITIES DEMONSTRATION INITIATIVE THIS AGREEMENT is entered into this /2-'-'day of ?XI~T- , 1997, by the City of Chanhassen ("the City"), and AUSMAR Development Co., LLC ("the Developer") for the use of Metropolitan Council Transit Assistance Capital Grant Funds to Construct a transit facility and Metropolitan Council Livable Communities Demonstration Account funds for pedestrian improvements in connection with the Developer's Village on the Ponds development. WHEREAS, the Metropolitan Council is authorized by law to make grants to the City to assist in the funding of transit capital projects such as public transit and support facilities and demonstration projects to assist in providing safe and convenient access to transit services; and WHEREAS, the City is authorized by Minnesota Statutes 473.254 to participate in the Livable Communities Demonstration Account and the Local Housing Incentives Account, and is an eligible recipient for transit capital financial assistance under Minnesota Statutes section 473.375; and transit for livable communities under Minnesota Statutes section 473.3875; and WHEREAS, the City has been awarded grant funds from the Metropolitan Council pursuant to these programs, as evidenced in Attachments A and B, for the purpose of constructing a transit facility and pedestrian improvements within the City; and WHEREAS, the City is authorized by Minnesota Statutes section 412.221 to enter into contracts or agreements to make effective its powers. NOW THEREFORE, in consideration of the mutual promises and covenants contained in this agreement, the Developer and the Council agree as follows: ARTICLE I. PROJECT 1.I Project. Developer will construct the transit facility, including bus cut- outs, heated bus shelter, pedestrian plaza, related street furniture, signage and lighting 52457 and related improvements designated as the Lake Drive East Transit Facility (Villages on the Ponds). 1,2 Construction Plans. Developer will construct the Project according to the Plans and Specifications and related documentation attached as Appendix C. ARTICLE II. FINANCING 2.1 Project Costs. Developer will account for all costs associated with the Project in accordance with the requirements specified in Attachments A and B, and in particular Section III of Attachment A, and Section IV of Attachment B. 2.2 Processing and Reimbursement. Developer will forward to the City all grant eligible Project costs. The City will forward the submitted costs to the Metropolitan Council for reimbursement. City will promptly forward or transfer any grant funds received from the Metropolitan Council to the Developer. The City has no responsibility for payment of any grant-eligible Project costs not reimbursed by the Metropolitan Council. 2.3 Non-eligible costs. Developer agrees to submit only grant-eligible costs to the City and the City has no responsibility for any non-grant-eligible costs of the Project. 2.4 Cost overruns. Developer bears all risk of any cost overruns or project changes and expressly agrees to release the City from any responsibility or liability associated with these events. Maximum amount of funding for these improvements shall be $690,500.00. ARTICLE III. GENERAL CONDITIONS 3.1 Compliance with Law. The Developer agrees to comply, and to require all subcontractors to comply, with the provisions of all applicable state and federal laws, including workers' compensation, reemployment insurance, contractor and subcontractor payment statutes, and Occupational Safety and Health Act regulations. 3.2 Liability. Each party agrees that it will be responsible for its own acts and the results thereof to the extent authorized by law and shall not be responsible for the acts of the other party and the results thereof. The City's liability shall be governed by the Minnesota Municipal Tort Claims Act, Minnesota Statutes Chapter 466, and other applicable law. 5245? -2- 3.3 Risk of Loss and Insurance. Developer Shall bear the risk of loss of, damage to, or destruction of any equipment and vehicles purchased with grant funds and any buildings or other improvements to land associated with the Project, whether or not funded in whole or in part by grant proceeds. Developer will secure appropriate insurance or alternative coverage to cover full replacement value and to protect grant funds or City assets as indicated in Section 5.07 of Attachment B. 3.4 Equal Opportunity; Affirmative Action. Developer agrees to comply with all applicable laws, rules, and regulations relating to nondiscrimination and affirmative action in public purchase, involvement, and use as specified in Section 5.08 of Attachment B. 3.5 Permits, Bonds, and Approvals. Developer is responsible for obtaining all applicable local, state and federal permits, bonds, and authorizations necessary for completing the Project. 3.6 Other Grant Terms. Developer reaffirms its agreement to be bound by all terms and obligations associated with the receipt of Metropolitan Council grant funds as specified in Attachments A and B and agrees to defend and hold harmless the City for any loss or liability attributed wholly or partly to the noncompliance by the Developer with the terms or obligations imposed by the Metropolitan Council. IN WITNESS WHEREOF, the parties have caused this agreement to be executed by their duly authorized representatives on the day first written above. CITY OF CHANHASSEN Nancy K. tglancino, Mayor Don Ashworth, City Manager/Clerk 5~457 -3- STATE OF MINNESOTA COUNZ¥ OF :.n../9~: /:./'Z STATE OF MINNESOTA ) COUNTY OF CARVER ) The foregoing instrument was acknowledged before me this ,,9-ff'0'' day of , 1997, by Nancy K. Mancino and by Don Ashworth, respe&ively the Mayor and City Manager/Clerk of the City of Chanhassen, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. ~ '"" TY " )ss. ) The foregoing instrument was acknowledged before me tlJis /tc¢~ ''day of the (')}HI ~1c t9; !;b"J~.~r~/~of AUSMAR Development Co., LLC., a Mi~esota limited liability company, on behalf of the company... ,' ":~,-' 2.t4 , Notaf~ Public 5245~ -4- ATTACHMENT A ¢ Grant No. SG-97-53 METROPOLITAN LIVABLE COMML~ITIES ACT LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT GRANT AGREEMENT THIS GRANT AGREEMENT is made and entered into by the Metropolitan Council ("Council") and the City of Chanhassen ("Grantee"). %VHEREAS, Minnesota Statutes section 473.251 creates the Metropolitan Livable Communities Fund, the uses of which fund must be consistent with and promote the purposes of the Metropolitan Livable Communities Act and the policies of the Metropolitan Development Guide adopted by the Council; and a, VHEREAS, Minnesota Statutes sections 473.251 and 473.253 establish within the Metropolitan Livable Communities Fund a Livable Communities Demonstration Account and require the Council to use the funds in the account to make grants or loans to municipalities participating in the Local Housing Incentives Program under Minnesota Statutes section 473.254 or to metropolitan-area counties to fund the initiatives specified in Minnesota Statutes section 473.25, paragraph Co), in participating municipalities; and 'WIIEREAS, the Grantee is a "municipality" participating in the Local Housing Incentives Account program under Minnesota Statutes section 473.254 or a metropolitan-area county and Submitted an application for Livable Communities Demonstration Account funds in response to the Council's request for applications; and WHEREAS, at its December 19, 1996 regular meeting, the Council awarded Livable Communities Demonstration Account grant funds to four projects, including the project described in the Grantee's application for Livable Communities Demonstration Account funds. NOW THEREFORE, in consideration of the mutual promises and covenants contained in this agreement, the Grantee and the Council agree as follows: I. DEFINITIONS 1.01 Definition of Terms. For the purposes of this agreement, the terms defined in this paragraph have the meanings given them in this paragraph unless otherwise provided or indicated by the context. (a) "Metropolitan Area" means the seven-county metropolitan area as defined by Minnesota Statutes section 473.121, subdivision 2. "Municipality" means a statutory or home rule charter city or town participating in the Local Housing Incentives Account Program under Minnesota Statutes section 473.254, or a county in the Metropolitan Area. "Participating Municipality" means a statutory or home rule charter city or town which has elected to participate in the Local Housing Incentive Account program and negotiated affordable and life-cycle housing goals for the Municipality pursuant to Minnesota Statutes section 473.254. II. GRANT FUNDS 2.01 Total Grant Amount. The Council will grant to the Grantee a total sum of $500,500.00 which shall be funds fi:6m the Livable Communities Demonstration Account of the Metropolitan Livable Communities Fund. Notwithstanding any other provision of this agreement, the Grantee understands and agrees that any reduction or termination of Livable Communities Demonstration Account grant funds made available to the Council may result in a like reduction to the Grantee. 2.02 Authorized Use of Grant Funds. The total grant amount made available to the Grantee under this agreement shall be used only for the purposes and activities described in the Grantee's application for Livable Communities Demonstration Account grant funds, as revised to refl.eet the grant award made by the Council. A copy of the Grantee's application which identifies eligible uses of the grant funds is attached to and incorporated into this agreement~ as Attachment A. If the provisions of the Grantee's application are inconsistent with other provisions of this agreement, the other provisions of this agreement shall take precedence over the provisions of the application. Grant funds must be used to fund the initiatives specified in Minnesota Statutes section 473.25, paragraph (b), in a Participating Municipality. Grant funds must be used for costs 'directly associated with the specific proposed activities and are intended to be used for "hard costs" rather than "soft costs'' such as: administrative overhead; activities prior to the start of the grant project; travel expenses; legal fees; permits, licenses or authorization fees; costs associated with preparing other grant proposals; operating expenses; planning costs, including comprehensive planning costs; and prorated lease and salary costs. The Council shall bear no responsibility for cost overruns which may be incurred by the Grantee or others in the implementation or performance of the project activities described in Attachment A. The Grantee agrees to remit to the Council in a prompt manner, any unspent grant funds and any grant funds which are not used for the authorized purposes specified in this paragraph. The Grantee must complete all major components of the grant project as proposed and for which the Council made its grant award, or the Grantee must return to the Council the entire grant amount specified in paragraph 2.01 of this agreement. 2.03 Budget Variance. A variance of ten percent (10%) in the. amounts allocated to various eligible uses identified in Attachment A shall be considered acceptable without further documentation or Council approval. Budget variances exceeding ten percent (10%) may require approval of the governing body of the Metropolitan Council. Notwithstanding the aggregate or net effect of any variances, the Council's obligation to provide grant funds under this agreement shall not exceed the maximum grant amount specified in paragraph 2.01 of this agreement. 2.04 Disbursement Schedule. The Council will disburse the grant funds to the Grantee in accordance with the grant fund disbursement schedule contained in Attachment B, which is ' incorporated into and made a part of this agreement. The Council will make disbursements only upon receipt of a written disbursement request from the Grantee's authorized agent or represbntative. 2.05 Interest Earnings. If the Grantee earns any interest or other income from the grant funds received from the Council under this agreement, the Grantee will use the interest earnings or income only for the purposes of implementing the project activities described in Attachment A. 2.06 Effect of Grant. Issuance of this grant neither implies any Council'responsibility for contamination, if any, at the project site nor imposes any obligation on the Council to participate in any pollution cleanup of the project site if such cleanup is undertaken or required. III.' ACCOUNTING, AUDIT AND REPORT REQUIREMENTS 3.01 Accounting and Records. The Grantee agrees to establish and maintain accurate and complete accounts and records relating to the receipt and expenditure of all grant funds received from the Council. Notwithstanding the expiration and termination provisions of paragraphs 4.01 and '4.02, such accounts and records shall be kept and maintained by the Grantee for a period of three (3) years following the completion of the project activities described in Attachment A or three (3) years following the expenditure of the grant funds, whichever occurs earlier. For all expenditures of grant funds received pursuant to this agreement, the Grantee will keep proper financial records including invoices, contracts, receipts, vouchers and other appropriate documents sufficient to evidence in proper detail the nature and propriety of the expenditure. Accounting methods shall be in accordance with generally accepted accounting principles. 3.02 Audits. The above accounts and records of the Grantee shall be audited in the same manner as all other accounts and records of the Grantee are audited and may be audited or inspected on the Grantee's premises or otherwise by individuals or organizations designated and authorized by the Council at any time, following reasonable notification to the Grantee, for a period of three (3) years following the completion of the project activities described in Attachment A or three (3) years following the expenditure of the grant funds, whichever occurs earlier. 3.03 Report Requirements. The Grantee will provide to the Council one or more written reports which report on the status of the project activities described in Attachment A and the expenditures of the grant funds. The reporting schedule and the content of the written report(s) are identified in Attachment C, which is incorporated into and made a part of this agreement. 3.04 Environmental Site Assessment. The Grantee represents that a Phase I Environmental Site Assessment or other environmental review has been or will be carried out, if such environmental assessment or review is appropriate for the scope and nature of the project activities funded by this grant, and that any environmental issues have been or will be adequately addressed. IV. AGREEMENT TERM 4.01 Term. This agreement is effective upon execution of the agreement by the 'Council. Unless terminated pursuant to paragraph 4.02, this agreement will expire upon completion of the project activities described in Attachment A or following the expenditure of all grant funds by the Grantee, whichever occurs earlier. 4.02 Termination. This agreement may be terminated by the Council for cause at any time upon fourteen (14) calendar days' written notice to the Grantee. Cause shall mean a material breach of this agreement and any amendments of this agreement. If this agreement is terminated, the Grantee shall receive payment on a pm rata basis for project activities described in Attachment A that have been completed. Termination of this agreement does not alter the Council's authority to recover grant funds on the basis of a later audit or other review, and does not alter the Grantee's obligation to return any grant funds due to the Council as a result of later audits or corrections. If the Council determines the Grantee has failed to comply with the terms and conditions of this i~greement and the applicable provisions of the Metropolitan Livable Communities Act, the Council may take any action to protect the Council's interests and may refuse to disburse additional grant funds and may require the Grantee to retum all or part of the grant funds akeady disbursed. 4.03 Amendments. The Council and the Grantee may amend this agreement by mutual agreement. Amendments, changes or modifications of this agreement shall be effective only on the execution of written amendments signed by authorized representatives of the Council and the Grantee. V. GENERAL PROVISIONS 5.01 Equal Opportunity. The Grantee agrees it will not discriminate against any employee or applicant for employment because of race, color, creed, religion, national origin, sex, marital status, status with regard to public assistance, membership or activity in a local Civil fights commission, disability, sexual orientation or age and take affirmative action to insure applicants and employees are treated equally with respect to all aspects of employment, rates of pay and other forms of compensation, and selection for training. 5.02 Conflict of Interest. The members, officers and employees of the Grantee shall compl7 with all applicable state statutory and regulatory conflict of interest laws and provisions. 5.03 Liability. To the fullest extent permitted by law, the Grantee shall defend, indemnify and hold harmless the Council and its members, employees and agents from and against all claims, damages, losses and expenses, including but not limited to attorneys' fees, arising out of or resulting from the conduct or implementation of the project activities funded by this grant. Claims included in this indemnification include, without limitation, any claims asserted pursuant to the Minnesota Environmental Response and Liability Act 0VIERLA), Minnesota Statutes chapter 115B, the federal Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) as amended, 42 U.S.C. sections 9601 et seq., and the federal Resource Conservation and Recovery Act of 19.76 (RCRA) as amended, 42 U.S.C. sections 6901 et seq. This obligation shall not be construed to negate, abridge or otherwise reduce any other right or obligation .of indemnity which otherwise would exist between the Council and the Grantee. The provisions of this paragraph shall survive the termination of this agreement. This indemnification shall not be construed as a waiver on the part of either the Grantee or the Council of any immunities or limits on liability provided by Minnesota Statutes chapter 466, or other applicable state or federal law. 5.04 Acknowledgments. The Grantee shall acknowledge the financial assistance provided by tlie Council and the State of Minnesota in promotional materials, press releases, reports and publications relating to the project activities described in Attachment A which are funded in whole or in part with the grant funds. The acknowledgment should contain the following, or similar, language: This project was financed in part with a grant from the Metropolitan Council through the Livable Communities Demonstration Account of the Metropolitan Livable Communities Fund. 5.05 Permits, Bonds and Approvals. The Council assumes no responsibility for obtaining any applicable local, state or federal licenses, permits, bonds, authorizations or approvals necessary to perform or complete the project activities described in Attachment A. 5.06 Contractors and Subcontractors. The Grantee shall include in any contract or subcontract for project activities appropriate contract provisions to ensure contractor and subcontractor compliance with all applicable state and federal laws. Along with such provisions, the Grantee shall require that eontra.etors, and subcontractors performing work covered by this grant comply with all applicable state and fedex:al Occupational Safety and Health Act regulations. · 5.07 Attachments. The following are attached to this agreement and are incorporated into and made a part of this agreem6nt: (a) Attachment A - Grantee's application for Livable Communities Demonstration Account grant funds, as revised to reflect the Council's grant award Co) Attachment B - Grant Fund Disbursement Schedule (c) Attachment C - Written Report Submission Schedule 5.08 Warranty of Legal Capacity. The individual signing this agreement on behalf of the Grantee represents and warrants on the Grantee's behalf that the individual is duly authorized to execute this agreement on the Grantee's behalf and that this agreement constitutes the Grantee's valid, binding and enforceable agreements. IN WITNESS WltEREOF, the Grantee and the Council have caused this agreement to be executed by their duly authorized representatives. This agreement is effective on the date of final execution by the Council. Approved as to form: METROPOLITAN COUNCIL By Assistant General Counsel Craig R. Rapp Director, Community Development Date CITY OF CWHA~'~) By Don A~shw'~o~.~, Ci~M 'ana~ger(~) ATTACHMENT A APPLICATION FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT GRANT FUNDS This attachment co. mp.ri, ses pages A-1 through A-10 and incorporates the Grantee's application for Livable Communities D~monstration Account grant'funds which was submitted in response to the Council's request for Livable Communities Demonstration Account applications, subject to the following revisions and clarifications which reflect the Council's grant award: In conjunction with and as part of the project activities identified in the Grantee's project application, the Grantee agrees to actively investigate including in its project housing units made available under the April 1995 consent decree entered in the matter entitled Hollman v. Cisneros, Civil No. 4-92-712. The Grantee's proposed use of $22,523 of Livable Communities Demonstration Account funds for project inspection, identified in the financial summary at page A-9, is not funded and is not an authorized use of grant funds under this agreement. As indicated in the development contract for the project, the project will contain 168 owner-occupied units, fifty percent of which will be affordable according to the regional definition. The development contract further specifies that the project will contain 154 rental units, thirty-five percent of which will be affordable according to the regional definition. For the purposes of this grant agreement, "affordable" levels as defined by the Council for 1997 are $120,000 for ownership and $716 per month for two-bedroom rental units. The definition of "affordable" levels may be modified for 1998 and following years.' METROPOLITAN LIVABLE COMMUNITIES ACT' LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT APPLICATION City of Chanhas n, Minnesota 1. - GENERAL INFORMATION Project Contact Person: Robert Generous, AICP, Senior Planner Address: 690 Coulter Drive Chanhassen, MN 55317 'Phone: (612) 937-1900 x141 Fax: (612) 937-5739. 2 LOCATION South of Hwy. 5 between Great Plains Blvd. and Market Boulevard. 'The 66 acre parcel provides a transitional hub between different land uses within the community. Directly m the north of the site is TH 5 and downtown Chanhassen. Most of this area is develOPed with commercial uses. West of the site is developed with light industrial/office use. Lake Susan, Riley'Creek, and Rice Marsh Lake are located south of the site along with single family residential lots. East of the site consists of single family residential and commercial developments. 3. HISTORY The proposed development is scheduled for final approvals on September 9, 1996 before the Chanhassen City Council. Thereafter, individual lots will proceed through the city's site plan review process for review and approval. On August 12, 1996, the Chanhassen City Council granted preliminary approval of PUD #92-1 including a Comprehensive Land Use Plan amendment from Office/industrial, Institutional, Residential Medium Density, Residential Low Density to Mixed Use-Commercial, High Density Residential, Institutional and Office; Preliminary planned unit development for up to 291,000 sq. ft. of commercial/office buildings, 100,000 sq. ft. of institutional buildings, and 322 dwelling units; Rezoning from IOP and RSF to PUD, Planned Unit Development (first reading);' Preliminary plat for 13 lots and 3 outlots and public right-of-way, Wetland Alteration Permit to fill and excavate wetlands on site; Vacation of right-of-way and easements; Environmental Assessment Worksheet (EAW) findings of Negative Declaration of the need for additional environmental investigation. On December 11, 1995, the City Council granted conceptual approval of PUD #92-1 Villages on the Ponds sketch plan. In August, 1995, the property was reguided from Commercial, Office, Medium Density Residential, Low Density Residential, and Open Space to Office/industrial, Institutional, Residential Medium Density, Residential Low Density as part of the Highway 5 Study. The Highway 5 study was a two year project investigating land uses within the Highway 5 corridor as well as design criteria'for the development of this vital corridor in the commffrdty. As part of the 1991 City of Chanhassen Comprehensive Plan update, the property was guided Commercial, Office, Medium Density Residential, Low Density Residential, and Open Space. 4. PROJECT DESCRIPTION The City of Chanhassen is a rapidly growing community located in the southwestern metropolitan area. While Chanhassen is somewhat unique for a suburb with a well defined' downtown, the Villages on the Ponds project is a transit oriented development incorporating a transit facility at the heart of a mixed use development containing commercial, institutional, office and residentiil components in a compact, safe and pedestrian friendly environment. This development incorporates many of the ideas and techniques espoused in the "Transit Redesign 1996" and the Livable Communities Act and it is worthy of Metropolitan Council support and financial assistance. Southwest Metro Transit fully supports the inclusion of a transit facility on Lake Drive East within the Villages on the Ponds project in the City of Chanhassen, Minnesota. Southwest Metro Transit, the City of Chanhassen and the project developer are working extensively to improve transit oppommities for residents and businesses. We encourage the Metropolitan Council to assist in this endeavor through the provision of Livable Communities Demonstration Account Funds for the project. This project, if successful, will show fringe communities that a mixed use development can work in a suburban setting and that a transit element is an integral component of these developments. The site is generally open space with the exception of TH 101/Market Boulevard and Great Plains Boulevard and one existing residence. The site consists of a mixture of wetlands, bmshland, woodland, and some open grassland. The site has been previously disturbed by human activity such as cultivation, grazing, logging, and road construction. Areas of significant slopes, in excess of 12 percent, are scattered throughout the property with two areas adjacent to .Lake Susan that meet the city's bluff ordinance definition. The overall intent of the development is to provide an expansion of downtown Chanhassen and to create a commercial-office-residential (mixed use) activity center which compliments the existing downtown and provides additional comparison retailing opportunities and residential support to both the existing and expanded downtown. The overall theme of the center is pedestrian friendly in 'village scale and traditional character, using both on and off-street and underground parking and traditional architecture ofmidwestem vernacular character. In addition, a transit facility is located 2 .. J' at the village core, encouraging residents and workers to leave their cars and utilize public transit opporumities. Site Master Plan Traditional early 20th century American Towns as well as numerous examples of European cities have served as an '.mspira. tion for creation of the Village's neighborhood concept. Even though this development is compa/~tlvely smaller in size and incorporates a number of q~iite modem features, it attempts to assimilate all major positive characteristics of traditional towns, such as the following: Mix of Uses. Both horizontal and vertical mix ofmultiple uses within short, comfortable walking distance, allows people to live, work, shop, eat, and accomplish many daily activities at the same place, thus reducing the dependency on the car. Public Realm. The buildings are used to form the streets, plazas and other defined public spaces for circulation and social activities. The quality of these public realms create the sense of community and neighborhood identity. Parking areas are provided on street, with off-street parking located to the rear of the structures and underground. Circulation. Pedestrians, bicycles and cars share the streets on an equal basis. Pedestrian connections are also made through building corridors from the street to the parking lots and internally between sites through parking lot areas and to public spaces. "Street-calming" techniques are used to slow down and reduce car traffic speeds through the village core area which, along with street parking, makes it pedestrian friendly. Also, as in traditional towns, there is public transit, a bus .stop station at the village square. This allows reduced use of cars, benefiting all people, especially children, the elderly, and the physically impaired. The village core (Sector I) will be characterized by small one and two story retail/office structures with architectural detailing reminiscent of traditional, vernacular architecture. With the addition of upper level apartments, structures may be increased to three stories and a loft with street level office/retail. Buildings will have a mixture of pitched and flat roofs with a variety of gables, gabled windows, and chimneys. Structures will be placed close to the public way similar to a small downtown area. Structures will often be linked by roofs, canopies and Iow wails. The Highway 5 (Sector n) component of the development proposes the use of smaller one story building pads of S, 000 - 15,000 square feet with the exception of the motel/hotel building that will be up to three stories with a larger building footprint. The institutional (Sector lid component is located in the eastern part of the site portion of the site. The area is the relocation site for St. Hubert's Church and school. The building will consist of two stories and a total building area of 100,000 square feet at build out. The residential/office (Sector IV) component of the development consists ofcondorninium type high density on the western portion of the site and open space on the southern portion of the site. The high density development would be limited to two building pads built in multiple stories, four plus a loft, with underground parking. A potential office site is located in the northem part ofthe site. The office building would be limited to two stories. As an alternative, the office building could be replaced with a third condominium. Building pads will be located in open or plateau areas of the parcels, maintaining existing vegetation and sloped areas. Underground parking shall also be incorporated into the site design to lessen disruption of the site. An open space component exists in the southern portion of the site below the existing city trail system. The applicar~t'i~' proposing that these areas be utilized for active recr~tional uses, tennis courts and a soccer field. The applicant is proposing an environmentally sensitive development of the site that will retain 'major hardwoods, preserve steep slopes, and protect and enhance wetland areas. This will be accomplished through limitations on building pads, providing underground parking, vertical development of the structures, and the preservation of open spaces. The proposed development attempts to incorporate many elements of what is termed nco- traditional planning, new urbanism, livable communities, or sustainable deVelopment. These elements are: Providing a mix of lifecycle and affordable housing, shops, work opportunities, civic facilities within walking distance of each other and accessible by transit. Developing sufficient common, community spaces. Using to the project's advantage, the character, culture, history and amenities of the community. Linking the development to other parts of the community, not only for car, but also for pedestrians and bicycles through the inclusion of trails and sidewalks. Integrating natural, topographical, and environmental features into the design of the project. Creating an infill development in area that is fully developed on three sides and is bounded on the south by a sensitive environmental area. _The proposed development can be used as an example of livable communities both from the standpoint of the design of the project and also from the process that was undertaken to bring the development forward. 5. PLANNING PROCESS In'the spring of 1995, the developer, Lotus Realty Services, began informal meetings with the City of'Chanhassen staff to review potential development options for the Ward property, a 66 acre parcel located south of Highway 5 between Highway 101 and Great Plains Boulevard. Due to the high profile location of thc site and the unique environmental features located on the property, staff suggested that a mixed use development be proposed for the property. In August, 1995, the developer submitted a conceptual plan that incorporated a mixed use development consisting of retail, office and residential components. However, this initial proposal was very euclidian in nature, segregating the various land uses in discrete areas. Throughout staffs review of the conceptual plan, the city recOmmended that mixed uses be integrated throughout' the development, incorporating residential units abov~ commercial spaces .as well as in separate structures. In addition, the city requested that the developer increase the quantity of residential units that would be incorporated in the development. The City also directed that both ownership and rental housing be components of the development. Staffwas able, through the public hearing process to have the developer reduce the specificity of the uses within individual areas, and instead designate the area bubbles as mixed uses with preliminary overall parameters for the development. The City of Chanhassen Planning Commission held public hearings regarding the conceptual proposal on October 18th and November 15th, 1995. The City Council held hearings on · November 27th and December 1 lth, 1995. Conceptual approval by the city provides developers dkection on how they should proceed with a development, it does not grant them vested rights nor assure the final approval of the project. At the same time as the review of the project, the city was also responding to the requireme.nts of the Livable Communities Act,' reviewing the comprehensive plan for compliance with the _ Livable Communities Act, analyzing development patterns and vacant land capacities, and developing strategies for the implementation of the Act. Between the city's approval of the conceptual plan and the preliminary plan submittal, staff worked with the Planning Commission and City Council to educate them regarding nco- traditional planning, new urbanism, livable communities, or sustainable development through city workshops, use of videos, sending Commissioners to conferences, and providing planning literature on the topic. In addition, city staff worked with the developer to provide workshops to explain their proposal to the Planning Commission and City Council in small increments: first, reiterating the nco-traditional planning principles, then showing how the project could meet some of the goals of the city; second, explaining the technical details surrounding the subdivision of the land, the potential impacts to the site's natural features (without showing the conceptual master plan for building and parking placement); and third, discussing the master site plan are architectural standards that would be incorporated in the development. Once the Planning Commission had a grasp of all the details, the applicant submitted their plan for preliminary approval. Concurrently, with the developer's education of the project for the city, the developer was holding separate meetings with the adjacent property owners to hear their concerns and incorporate their comments and ideas in the development. 5 ~? 1. The Plannin.g Commission held public hearings on July 17th and July 24th, 1996, to review k"" the proposea development. The City Council held a hearing on August 12, 1996. The project is tentatively scheduled for final approval before the Chanhassen City Council on September 12, 1996. 6. PROJECT'TEAM Owners: Fr. Austin T. Ward Fr. William J. Ward John H. Ward . Sister Mary Ellen Ward Development Team Developer: Lotus Realty Services, Inc. Bradley Johnson Vemelle Clayton Engineers: BRW, Inc. Dean Olson, ASLA, SeniOr Consultant Elizabeth A. Kunkel, Wildlife Biologist/Wetlands Specialist Architects: Milo Architecture Group Mika Milo, A_IA, Principal General Contractor: AMCON 7. PARTNERSHIPS There are currently no formal partnerships involved with the initial development of the site. The developer has been working with the city and Southwest Metro Transit for the inclusion ora transit facility within the development. However, the city envisions that longer term, there will be partnerships between the city, non-profit organizations, and private developers for the provision of affordable housing. 8. USES OF DEMONSTRATION ACCOU'NT FUNDS The city proposes the use of demonstration account funds to enhance the public realm' including providing the pedestrian connections that will bind this project together, internally, as well as connect the development to the rest of the community. These funds will be used to assist the developer to create the public improvements necessary to build the infrastructure necessary to permit the development of the Villages on the Ponds. "' The project' proposes to provide a 14 to 18 foot pedestrian corridor between the edge of curb and the individual sites build-to line. Within this area, pedestrian enhancements including benches, tables, flower pots, decorative paving, raised planter boxes and other amenities are proposed to create a pleasant and visually pleasing environment. The demonstration account founds would be used to develop the first six to eight feet 0fthis area. These improvements would then be leveraged by the individual site developers to create an additional six to 12 foot pedestrian area for'people to play, eat, .entertain, meet, relax and interact. The funds are proposed to be used to provide a conerete'sidewalk area around the village pond and along Lake Drive and Main Street, small pedestrian plaza areas and connections, street furniture and decorative lighting, boulevard plantings, a boardwalk across the village pond, and wetland enhancement plantings around the village pond. Through the use of LCDA funds, the potential for creating a truly attractive and functional environment for the people who come to the Villages on the Ponds is enhanced. While the city will require that pedestrian access be provided to each site, the ability ofindividua! users to create the pedestrian plazas and street amenities that are being proposed are financially unfeasible and uneconomical for each site. The investment of the Livable Communities Demonstration Account will be used to leverage the site improvements and pedestrian amenities developed on individual sites. In addition, these funds will permit the dex;elopment of a continuous pedestrian system throughout the project that would otherwise be phased as development came in to the project. 9. FINANCIAL SUMMARIES See Attachments A and B. 10. PROJECT SCttEDULE See Attachment C. I I. LOCAL GOVERNMENT SUPPORT See attached letter from Don Ashworth, City Manager of the City of Char~assen, Resolution Electing to Participate in the Local Housing Incentives Account Program under the Metropolitan Livable Communities Act, and Housing Goals Agreement - Metropolitan Livable Communities .Act. Clfnecessary, a formal resolution of support will be provided.) Livable Communities Demonstration Account (LCDA) 'Application ATTACHMENT A SUMMARY FINANCIAL INFORMATION PubNc Private LCDA Amount Requested $3,469,477 $523,023' $651,777 $ 22,523 $2,817,700 S500,500 1. Total Project Costs $713,023 Total Soft Cost $ 30,723 Total Hard Cost $682,300 Are you requesting a loan or a grant? This request is for a grant. 3. What is the status of financial commitments for this project? The city has been awarded a Regional Transit Capital grant for the provision of a transit facility within the project. The applicant has applied for private financing for site grading and utility installation costs. Appraisals and other documents are under preparation. 4. When ,,~I1 you need Demonstration Account funds? The proposed site grading and utility installation is scheduled for the fall and winter of 1996. Street and physical site improvements will begin in the spring of 1997. Demonstration account funds will be needed beginning in the spring of 1997 continuing through the fall of 1997. SlI|~U~8 lgg[oJd uo!mas!u!uJlSV-~5~'.oro]~j lelo;qnS V.LOSqNNIIAI 'N~iSSVHNVHO -IO Al. lO 'SaNOcl -~HJ. NO S~IQV-i'liA AI::IVI~i~I'iS 'i¥10NYNI-! 8 J. NBF'IHO¥.I.I.¥ NOIJ. VOi"lddV (VO0'l) .LNI'IOOOV NOU.Vi:IJ.SNOI,fl:IQ S~IIJ. INI'IIAI1AIOO ~t'18VAI'I CIT~ APPROVALS FINANCING SITE GRADING UTILITIES STREETS SITE IMPROVEMENTS LANDSCAPING ATTACtIMENT C A H J J A $ 0 1~ DIJ F H A H J J A S O N D 1998 IJ ~' H A H J J A $ O N'~ ATTACHMENT B GRANT FUND DISBURSEMENT SCHEDULE The total grant amount specified in paragraph 2.01 of this agreement shall be disbUrsed to the Grantee for uses consistent with this agreement according to the following schedule: The Council will disbUrse grant funds in response to written disbUrsement requests submitted by the Grantee and reviewed and approved by the Council. Written disbursement requests shall indicate the project activity funded by this agreement, the contractor(s)/vendor(s) to be paid, and the time period within which the project activity was or will be performed. Disbursements prior to the performance of a project activity will be subject to terms and conditions mutually agreed to by the Council's authorized agent and the Grantee. Individual disbursement requests should specify the project or activity to be funded and identify dollar amounts by project or activity. Subject to verification of a written disbursement request and approval for consistency with this agreement, the Council will disburse a requested amount to the Grantee within fifteen (15) business days after receipt of a written disbursement request. ATTACHMENT C WRITTEN REPORTS AND SUBMISSION SCHEDULE Beginning three (3) months after the Grantee initially receives grant funds, the Grantee shall submit to the Council writ.ten .q.u..arterly reports which shall contain at least the followin, g elements: · A summary of grant funds received and expended to date, including a description of the purposes or uses for which the grant funds were expended; and · A statement of expected grant fund expenditures within the next quarter. The Grantee's final written quarterly report shall be submitted within two (2) months following the expenditure of all grant funds by the Grantee and shall contain a certification by the Grantee's-chief financial officer that all grant funds have been expended in accordance with this agreement and the provisions of the Metropolitan Livable Communities Act. The Grantee also shall complete and submit to the Council a Monitoring and Evaluation Report which will assist the Council in monitoring and evaluating the implementation of the Livable Communities Demonstration Account program. The contents, format and completion date of the Monitoring and Evaluation Report will be determined by the Council. This reporting requirement may survive the termination or expiration of this agreement. AUTHORIZED AGENT The Council's. authorized agent for the purposes of administering this agreement is Joanne Barron or another designated Council employee. The written report(s) submitted to the Council shall be directed to the attention of the Council's authorized agent at the following address: Metropolitan Council Mears Park Centre 230 East Fifth Street Saint Paul, Minnesota 55101-1634 ATTACHMENT B Contract No. SG-97-PF-43 ( 1996 Award) AGREEMENT BETWEEN TI-IE METROPOLITAN COUNCIL AND CITY OF CHAhqIASSEN FOR TRANSIT CAPITAL FINANCIAL ASSISTANCE TFIIS AGREEMENT is entered into this Zq'l'k ,,dayof ]'~%rv~%C%'% · , 19q~by TIlE Mt;TROPOLITAN COUNCIL, ("t-he Council ), and CITY OF CHANHIkSSEN ("the Grantee"). x, VHEREAS, the Council is authorized by Minnesota Statutes § 473.39 to issue bonds to provide funds to implement the Council's transit capital improvement program ("the Transit CIP"); and WHEREAS, the Transit CIP provides for funding of capital projects such as vehicle acquisition or refurbishment, public transit and support facilities, computer/communication equipment acquisition, transit equipment acquisition, and demonstration projects to assist in providing safe and convenient access to transit services; and WH'EREAS, the Council is authorized by Minnesota Statutes § 473.375 to provide financial assistance to operators of public transit in the metropolitan area; and ~NHEREAS, the Grantee is an eligible recipient for transit capital financial assistance and has applied to the Council for a transit capital grant; and V}~IEREAS, 'the proposed project is consistent with the Council's Transit cIP, and the Council desires to assist the Grantee by the award of a transit capital grant. NOW, TH'EREFORE, the Council and the Grantee agree as follows: I. DEFINITIONS 1.01 "Project" means the entire work effort funded in whole or in part by Council grant funds, described in Exhibit A. 1.02 "Council bond proceeds" means funds received by the Council from the intended ' issuance of Metropolitan Council general obligation bonds to accomplish the Council's Transit CIP. GRANT AMOUNT, GRANT PERIOD, AND PAYMENT OF PROCEEDS 2.01 Grant Amount. The Council agrees to make available to the Grantee during the grant period a total grant amount of $190,000 for the purpose of performing the Project set forth in Exhibit A, which is attached to and incorporated in this agreement. In no event will the Council's obligation under this agreement exceed the total grant amount. The Council shall bear no responsibility for an5' cost overruns which may be incurred by the Grantee in the performance of the Project. 2.02 Grant Period. The grant period shall commence upon the executionofthls agreement and remain in force and effect until December 31, 1998. After that date, all grant funds which have not been expended shall revert to and become part of the Council's Transit Capital Fund and may be reallocated or expended by the Council for other transit capital projects. 2.03 Reimbursement Payments of Grant Proceeds. Except as provided in paragraph 2.04, all pa)xnents to the Grantee shall be made on a Reimbursement basis following submission by the Grantee to the Council of satisfactory documentation of grant-eligible expenditures. All documentation of expenditures shall be submitted in a form acceptable to the Council. The Council shall reimburse all grant eligible expenditures not in excess of the total grant amount xvithin thirty (30) days of the receipt of satisfactory documentation from the Grantee. The documentation shall be subject to review and acceptance or rejection by the Council's Regional Administrator. Documentation shall be deemed to be accepted if it is not rejected in writing within ten (10) working days of receipt. 2.04 Joint Payment of Large Expenditures. In the event of an anticipated grant-eligible expenditure in a liquidated amount in excess of $50,000, the Grantee may request a check from the Council for payment of grant proceeds made out jointly to the Grantee and to the contractor or vendbr to whom the grant eligible payment is owed. The Council shall issue such a check within thirty (30) days of receipt of satisfactory documentation from the Grantee of a grant-eligible expenditure in excess of -$50,000. All documentation shall be submitted in a form acceptable to the Council. The documentation · shall be subject to review and acceptance or rejection by the Council's Regional Administrator. Documentation shall be deemed to be accepted if it 'is not rejected in writing within ten (10) working days of receipt. The Grantee's endorsement on the check will be deemed t° be a certification by the Grantee that the full amount of the check is for payment to the joint payee on the check and that no. portion of the proceeds of the check will be paid to or retained by the Grantee. 2.05 Reimbursement Request/Progress Reports. To obtain reimbursement under this agreement, the Grantee shall submit a Reimbursement Request/Progress Report on forms provided by the Council. Reimbursement Request/Progress Reports may be submitted once per month, but must be submitted at least semi-annually by December 1 and June 1 of each calendar year of the grant period. The Grantee shall describe the activities undertaken in connection with the grant and shall provide sufficient documentation of grant-eligible expenditures and such other information as the Council's staff reasonably requests. 2.06 Council Fund Requirement. Nom'ithstanding anything to the contrary in this agreement, the payment of grant proceeds shall be made by the Council within the time frames specified in this article only if the Council has adequate transit bond funds on hand at the time that payment is due. The Grantee acknowledges that, at the time of execution of this grant agreement, the Council may not have issued the Council bonds, the proceeds of which will be used to fund the Council portion of this agreement. III. AUTHORIZED USE OF GRANT PROCEEDS 3.01 Project Costs. The costs of performing the Project as detailed in Exhibit A after July 15, 1996, and before expiration of the grant period are eligible for payment or reimbursement out of grant proceeds. 3.02 Professional Services Costs. The costs of legal, engineering, architee[ural, construction site management, design services, soils testing, preparing bidding or proposal specifications, or project management sen, ices directly necessary to perform the Project are eligible for payment or -2- reimbursement out of grant proceeds. Such services must be performed by outside firms or individuals. Direct staffcosts incurred by the Grantee for these types of services are not grant-eligible costs. The amount of grant proceeds which may be used for these professional services costs must not exceed seven percent (7°A) of the total grant amount. 3.03 Administration Costs of Grant. The Grantee agrees to maximize the use of its own personnel and internal services in taking the steps necessary to perform the Project and minimize the administrative costs associated with the performance of the Project. Grant proceeds may not be used to fund any grant administrative costs. 3.04 Regional Use. The Grantee agrees to perform, operate, and maintain the Projectcapital assets in a manner consistent with the Council's Transit CIP, and further agrees that it will not adopt any rules or restrictions hindering regional use of the Project capital assets or sell or remove the Project capita! assets from regional use without the express written consent of the Council, either during the grant period or for a period of twenty (20) years following. ACCOUNTS, RECORDS, ANI) AUDIT REQUIREMENTS 4.01 Separate Account; Records. The Grantee agrees to establish and maintain a separate account for the Project and to maintain accurate and complete records and account~ relating to t!~e receipt and expenditure of any and all grant funds. Such accounts and records shall be kept and maintained for a period of at least three (3) years following the expiration of the grant period. All costs charged to the Project must be supported by proper documentation, including properly executed payrolls, time records, invoices, contracts, or vouchers, evidencing in detail the nature and propriety of the charges. 4.02 Audit. The above accounts and records of the Grantee are subject to audit by the Council and may be inspected on the Grantee's premises or othenvise by individuals designated or authorized by the Council at any time following reasonable notification during the grant period and for a period of three (3) years thereafter. V. GENERAL CONDITIONS 5.01 Consultation. The Grantee agrees specifically to review and solicit recommendations and advice from the Council's staff at the earliest possible time if and when the Grantee expects that the following will or may occur: ao The costs for any portion of the Project will be higher, than the Grantee's projected costs for that portion of the Project; or b. The total cost of the Project will exceed the total grant amount. lfthe Grantee, for any reason, determines that the Project or any portion of it should not be undertaken, or that there should be a change in the scope or costs of the Project or any portion of it, the Grantee shall submit to the Council's Regional Administrator a statement describing the situation and giving the reasons for the Grantee's determination. The Grantee may, simultaneously with the submission of the statement or within a reasonable time thereafter, recommend for Council approval alternative projects, activities, uses, expenditures, or allocations of grant funds. -3- 5.02 Compliance With Law. The Grantee agrees to comply with the provisions of ali applicable state and federal laws, including those laws pertaining to the use of bond proceeds. This grant is financed with bonds issued in accordance with Federal arbitrage restrictions. The Grantee will not use the grant funds in any way which would cause the bonds to be classified as "Arbitrage Bonds" under the Internal Revenue Code. The Grantee will not take any action that would adversely affect the exemption from federal income taxation of the bonds or omit to take any action necessary to maintain such tax exempt status. Further, the Grantee agrees that it is the Grantee's obligation and responsibility, and not the Council's, to comply with all other laws, reguiations, and rules relating to activities undertaken in performing the Project. 5.03 Liability. Each party agrees that it will be responsible for its own acts and the results thereof to the extent authorized by law and shall not be responsible for the acts of the other party and the results thereof. The Council's liability shall be governed by the Minnesota Municipal Tort Claims Act, Minnesota Statutes chapter 466, and other applicable law. 5.04 Amendments. The terms of this agreement may be changed by mutual agreement ofthe parties. Changes shall be effective only upon execution of written amendment(s) signed by. authorized representatives of the Council and the Grantee. 5.05 Title to Equipment and Vehicles. Title to any equipment or vehicles purchased with grant funds must remain in the Grantee's name for the time period indicated in paragraph 3.04. Accordingly, the Grantee shall take reasonable measures to protect and defend its title interest and shall keep the equipment and vehicles free and clear of any liens, encumbrances, or other claims. 5.06 Operations and Maintenance. The Grantee agrees tobe responsible to operate and maintain the Project in good working order for the time period indicated in paragraph 3.04 and to be responsible for any costs of operation and maintenance of the Project. 5.07 Risk of Loss. The Grantee bears the risk of loss of, damage to, or destruction of any equipment and vehicles purchased with grant funds and any buildings or other improvements to land accomplished in whole or in part with grant funds. At a minimum, the Grantee shall secure appropriate insurance or establish a fund for appropriate self-insurance to cover full replacement value and to protect the Council's investment of regional funds for the time period indicated in paragraph 3.04. 5.08 Equal Opportunity; Affirmative Action. The Grantee agrees to comply with all applicable laws, rules, and regulations relating to nondiscrimination and affirmative action in public purchase, involvement, and use. In particular, the Grantee agrees not to discriminate against any employee or applicant for employment because of race, color, creed, religion, sex, sexual orientation, national origin, marital status, disability, status with regard to public assistance, membership or activity in a local civil rights commission, or age, and to take affirmative action to insure that applicants and employees are treated equally with respect to all aspects of employment, rates of pay and other forms of compensation, and selection for training. In addition, the Grantee agrees to include affirmative action and equal employment provisions in any written contract entered into after the date of execution of this agreement which involves the provision of work or services which will be paid for in whole or in part out of the grant proceeds. 5.09 Permits, Bonds, and Approvals. The Grantee is responsible for obtaining all applicable local and state licenses, permits, bonds, and authorizations neeessaD' for performing the Project. -4- 5.10 Acknowledgments. The Grantee shall appropriately acknowledge the financial assistance provided by the Council in any promotional materials, press releases, reports, and publications relating to the Project. 5.11 Construction. This agreement is intended'to assist in impleme'ating the Council's Transit CIP and Transporlation .Policy Plan/Development Guide Cdmpter and shall be interpreted consistently with them. 5.12 Effect of Project Close-out. The Grantee agrees that Project close-out does not invalidate continuing obligations imposed on the Grantee by this agreement. Project close-out does not alter the Councirs authority to disalloxv costs and recover funds on the basis ora later audit or other review, and dOes not alter the Grantee's obligation to return any funds due to the Council as a result of later refunds, corrections, or other transactions. h-'~' WITNESS WHEREOF, the parties have caused this agreement to be executed by their duly authorized representatives on the day first written above. Approved as to fonn: METROPOLITANS,. 0 ~UNCIL Ja~~AdministraXtqr capstd96.doe CITY OF CHA_NI-IASSEN -5- EXHIBIT A DESCRIPTION OF PROJECT The funds granted under this agreement shall be used to accomplish the project described in the Grantee's original Regional Transit Capital Funds (1996) application excerpt in this exhibit. A-1 the Region Planning for the Future 'EGIDt~AL TRANSIT CAPiTAL(RTC) FUNDING APPLICATION P, ECE;vE0 '(~~ '"~-TRtJC33ONS: Complete and return to Mark Fuhrmann, Office of Transportation and Transit Development, = Metropolitan Council, Mears Park Centre, 230 E.~j.ftl],~treet, St. Paul, Minnesota- 55101, . ' . 1. GENERAL INFORMATION . ' ' ~..AWPLIP_,ANT [~-c.~, n_~ Chanhessen ~-. JURISDICTIONAL AGENCY (IF DIFFERENT) =..MAILING ADDRESS P. 0. Box 347 Cf'PC Ch~nh~s~en &CQN~'ACTPERSON- Robez'; Gene=ous I STATE MN I ZIP CODE5533.7 TITLE Senioz' Planner 4. COUNTY Caz-vez- PHONF.: ~63.2 )937-3.900-14~ Il. PROJECT IlqF. ORMATION ~ ;.PROJECTNAME Lake Drive East Transit Facili"cv (Villages on *the Ponds) "_ ~RtE.;: PROJELT, T DES CRIPTION '~rensit facility located with a mixed use development. The faci!i~y shall include bus cut-oU=So heated bus shelter, pedestrian plaza, and s~reet _~urniture, -_.-~onage and !ioh~inc._ . {Area to be se~e.d by the proj.~ct, ex3mple, Count>', City, etc) ~. P~OJECT CATEGORY - C~ec.~. the ~e~eva.m box_.~ to.' Ina ty'"~e o~ ~r~ec~_. un~e' e~tne? MaJo; o~ Mino~ Pr~.'e'c1., ca,ag. ~'y b~ow (Cn.33se only ONE · ',aloe' l:)ro]ects: t"Total Cost over $25,000) Purpose Replace Rehabilitate _NeW ]~]'Publi: and Support, F~-cilities r-I E] Com~,,,e~Communoia~io~ r-I F-I F'i r'~ Other Equ!pments I--iI~ r"l :t21 co~:~o~ Minor Projects: (Total Cost: $10,000 to 5'25,000) _Puroose Replace Rehabilitate New, Vehicle Acquisition !~] l~l 1-~ ~,,blic and Suppo~ Faoi~i,es K'l D ~ Computer/Communciation ~ ' D ~ ~her Equipmen~ ~ ~ ~ Demonstration Projects ~ ~ ~ 10. Con, late the Chec1~-list on the reverse side of this form Ill. PROJECT FUNDING 1 ,,,.-,-~=~,~,,,~-*~--o, 000.00 I ~2. ~E~,O~U.Z. ~ ¢~C FU~S): '~90, 000. O0 :~.'rOT~ P~--.m-, cost .~.463,000.00 ! 14. PR~,.~JECT YEAR[S){CIRCLE~ ~ .-.__.._ !~7'~--_~ Propo~Is must specificalh, and directly address each criterion to qua/ify and receive point~. 'Pages in e~ch ~ro.~csal should be numbered with this pa£e as number I, . .~ ' -" ATTACHMENT C (Project Plans and Specs, Bid Documents, etc.) -5- VILLAGES ON THE PONDS' CHANHASSEN, MINNESOTA DEVELOPMENT DESIGN STANDARDS a. Intent The purpose of this zone is to create a mixed use PUD consisting of commercial, institutional, office, and residential uses. The use of the PUD zone is to allow for more flexible design standards while creating a higher quality and more sensitive proposal. All utilities are required to be placed underground. Each lot proposed for development shall proceed through site plan review based on the development standards outlined below. b. Permitted Uses The permitted uses in this zone should be limited to uses as defined below or similar uses to those as listed in the Standard Industrial Classification. If there is a question as to the whether or not a use meets the definition, the Planning Director shall make that interpretation. No single retail user shall exceed 20,000 square feet on a single level of a building. A maximum of thirty- three (33) percent of the square footage of the retail users within the development may be of a "big box" category. The intent of this requirement is to provide a variety of users, including small retail shops, service providers, coffee shops, cabarets, etc., for residents of the Villages as well as the community as a whole, rather than typical suburban type large, individual users dominating the development and detracting from the "village" character. Retail users should be those that support and compliment the residential development located within the development, providing goods and services which enhan6e residents of the village and the community. Office. Professional and business office, non-retail activity except for showroom type display area for products stored or manufactured on-site provided that no more than 20 percent of the floor space is used for such display and sales. bank/credit union finance, insurance and real estate health services - except nursing homes and hospitals engineering, accounting, research management and related services legal services Personal Services. Establishments primarily engaged in providing services involving the care of a person or his or her personal goods or apparel. dry cleaning beauty or barbershop shoe repair photographic studio tax return preparation laundromat health club optical goods computer services day care center copying mail stores Institutional. Establishments that are public/semi-public in nature. church library education services day care art gallery dance studio cultural facility Commercial/Retail. Establishments engaged in commercial operations including retail sales and services and hospitality industries. Apparel and Accessory Stores shoe stores electronic and music store and musical instruments restaurant - no drive through restaurant - fast food only if integrated into a building no freestanding fast food and no drive through drug store/pharmacy book/stationary jewelry store hobby/toy game gift novelty and souvenir sewing, needlework and piece good florist camera and photographic supply art and art supplies, gallery sporting goods video rental food stores including bakery and confectionery hardware store computer store hotel/motel entertainment liquor store pets and pet supplies home furnishings Residential. Residential units shall be provided as upper level units above the commercial/office uses within the village core and as stand alone units. A minimum orS0 percent of the residential units shall be rental units. Of the rental units, the city has adopted a goal of 35 percent of the units meeting the Metropolitan Council's affordable criteria. For the ownership housing, the city has adopted the goal of 50 percent of the units meeting the Metropolitan Council's affordable criteria. Prohibited Uses: auto related including auto sales, auto repair, gas stations c. Setbacks In the PUD standards, there is the requirement for landscape buffering in addition to building and parking setbacks. The following setbacks shall apply: BUilding Parking Great Plains Blvd.: Buffer yard & Setback C, 0' 0' Market Blvd.: Buffer yard & Setback t c ~ C, 50' 20' Hwy. 5: Buffer yard & Setback B, 50' 20' Interior Side Lot Line: Buffer yard & setback NA, 0' 0' East Perimeter Side Lot Line (adjacent to D, 50' 50' residential): Buffer yard & setback West Perimeter Side Lot Line (adjacent to B, 50 20 industrial): Buffer yard & setback Buffer yards are as specified in the City of Chanhassen Landscaping and Tree Removal Ordinance, Article XXV. No fences shall be permitted between the required landscape buffer and arterial and collector roads. 3 d. Development Site Coverage and Building Height o The PUD standard for hard surface coverage is 70% for the overall development. Individual lots may exceed this threshold, but in no case shall the average exceed 70 percent/ 5. More than one (1) principal structure may be placed on one (1) platted lot. o The maximum building height shall be Sector I three stories (with residential loft)/50 fi. (retail and office buildings without residences above shall be limited to two stories/30 feet), Sector II - three stories/40 fi., Sector III - three stories/40 ft., exclusive of steeples and bell towers, and Sector IV - four stories/50 feet o The maximum building footprint for any one building shall be limited to 20,000 square feet without a street level break in the continuity of the building, e.g., pedestrian passageways, except for the church and residential only buildings. 5. The following table shall govern the amount of building area for the different uses: Commercial/ Office/Service Institutional Dwelling TOTAL sq. ft. Retail (sq. ft.) (sq. ft.) (sq. ft.) Units Sector I 114,500 70,500 ~ 0 154 185,000 Sector II 60,000 * 14,000 0 0 74,000 Sector III 0 0 100,000 0 100,000 Sector IV 0 32,000 ~ 0 112 ~ 32,000 TOTAL 174,500 116,500 100,000 266 391,000 ~ As an alternative, the office/service could be increase by 13,000 square feet in Sector I if the 32,000 square foot office building is deleted in Sector IV and replaced with 56 additional dwelling units. * Includes 47,200 square foot, 106 unit motel. Building square footages may be reallocated between sectors subject to approval by the Planning Director. Building square footages may be reallocated between uses subject to approval of the Planning Director. However, the reallocation of building square footages between uses shall only be permitted to a less intensive use, i.e. from commercial to office or institutional, or from office to institutional. In no instance shall more than 27,000 square feet of addition institutional building square footage be reallocated without an amendment to the PUD. e. Building Materials and Design (Staffwill be working with the developer to provide pictures to further articulate the design standards and definitions.) o o o The PUD requires that the development demonstrate a higher quality of architectural standards and site design. The intent is to create a pedestrian friendly, "traditional" village character consistent with the European heritage of the upper midwest and the atmosphere within this development, yet with the amenities and technological tools of modem times. The village elevations shown on the PUD drawings are to be used only as a general guideline and the reflection of the overall village image including the north- midwestem architectural vocabulary, village like human scale and flavor, and variety in design and facade treatment. All materials shall be of high quality and durable. Major exterior surfaces of all walls shall be face brick, stone, glass, stucco, architecturally treated concrete, cast in place panels, decoratxve block, cedar s~d~ng, wnyl s~d~ng xn resxdential w~th support materials, or approved equivalent as determined by the city. Color shall be introduced through colored block or panels and not painted block or brick. Bright, long, continuous bands are prohibited. Bright or brilliant colors and sharply contrasting colors may be used only for accent purposes and shall not exceed 10 percent of a wall area. Block shall have a weathered face or be polished, fluted, or broken face. Exposed cement ("cinder") blocks shall be prohibited. Metal siding, gray concrete, curtain walls and similar materials will not be approved except as support material to one of the above materials, or as trim or as HVAC screen, and may not exceed more than 25 percent of a wall area. All accessory structures shall be designed to be compatible with the primary structure. All roof mounted equipment shall be screened by walls of compatible appearing material. Wood screen fences are prohibited. All exterior process machinery, tanks, etc., are to be fully screened by compatible materials. All mechanical equipment shall be screened with material compatible to the building. The buildings shall have varied and interesting detailing. The use of large unadorned, concrete panels and concrete block, or a solid wall unrelieved by architectural detailing, such as change in materials, change in color, fenestrations, or other significant visual relief provided in a manner or at intervals in keeping with the size, mass, and scale of the wall and its views from public ways shall be prohibited. Acceptable materials will incorporate textured surfaces, exposed aggregate and/or other patterning. All walls shall be given added architectural interest through building design or appropriate landscaping. Space for recycling shall be provided in the interior of all principal or accessory stmctureSl There shall not be underdeveloped backsides of buildings. All elevations shall receive nearly equal treatment and visual qualities. 10. 11. 12. The materials and colors used for each building shall be selected in context with the adjacent building and provide for a harmonious integration with them. Extreme variations between buildings on the same street in terms of overall appearance, bulk and height, setbacks and colors shall be prohibited. Slope roof elements shall be incorporated in all structures: Sector I - minimum 70 percent of roof area shall be sloped, Sector II - minimum of 70 percent of the roof area shall be sloped, Sector III ~ minimum of 30 percent of the roof area shall be Sloped, and ' Sector IV - minimum of 70 percent of the roof area shall be sloped. An exception to this requirement are roof areas designed for human use such as decks, garden areas, patios, etc., which will not be counted towards flat roof area. The following design elements should be incorporated into individual structures: Building Accents Towers, silos, arches, columns, bosses, tiling, cloisters, colonnades, buttresses, loggias, marquees, minarets,' portals, reveals, quoins, clerestories, 3ilasters. Roof Types Barrow, dome, gable, hip, flat. Roof Accents Cupolas, cornices, belfries, turrets, pinnacles, look-outs, gargoyles, paraPets, lanterns. Accent elements such as towers, turrets, spires, etc., shall be excluded from the sector building height limitation. Window Types Bay, single paned, multi-paned, angular, square, rectangular, half-round, round, italianate. 13. Window Accents Plant boxes, shutters, balconies, decks, grates, canopies, awnings, recesses, embrasures, arches, lunettes. Street level windows shall be provided for a minimum of 50 percent of the ground level wall area. f. Site 1. o o o ° Landscaping and Screening All buffer landscaping, including boulevard landscaping, included in Phase I shall be installed when the grading of the phase is completed. This may well result in landscaping being required ahead of individual site plan approvals, but we believe the buffer yard and boulevard plantings, in particular, need to be established immediately. In addition, to adhere to the higher quality of development as spelled out in the PUD zone, all loading areas shall be screened. Each lot for development shall submit a separate landscaping plan as a part of the site plan review process. All open spaces and non-parking lot surfaces, except for plaza areas, shall be landscaped, rockscaped, or covered with plantings and/or lawn material. Tree wells shall be included in pedestrian areas and plazas. Storage of material outdoors is prohibited. Undulating or angular berms 3' to 5' in height, south of Highway 5 and along Market Boulevard shall be sodded or seeded at the conclusion of grading and utility construction. The required buffer landscaping may be installed where it is deemed necessary to screen any proposed development. All required boulevard landscaping shall be sodded. Loading areas shall be screened from public right-of-ways. Wing walls may be required where deemed appropriate. Native species shall be incorporated into site landscaping, whenever possible. Signage One project identification sign shall be permitted for the development at each end of Lake Drive and at the south end of Main Street. Project identification sign(s) may also be located at the entrances to the development(s) in Sector IV. Project identification signs shall not exceed 24 square feet in sign display area nor be greater than five feet in height. One project identification sign, with a maximum height of 20 feet, which may be increased in height subject to city approval based on the design and scale of the sign, designed as a gateway to the project shall be located at the north end of Main Street. Individual lots are not permitted low profile ground business sign. Within Sector III, one sign for the church and one sign for the school may be placed on streetscape walls. The top of the signs shall not extend more than eight feet above the ground and the total sign area for the signs shall not exceed 64 square feet. Pylon signs are prohibited. The sign treatment is an element of the architecture and thus should reflect the quality of the development. The signs should be consistent in color, size, and material and height throughout the development. A common theme will be introduced at the development's entrance monument and will be used throughout. All signs require a separate sign permit. o Wall business signs shall comply with the city's sign ordinance for the central business district for determination of maximum sign area. Wall signs may be permitted on the "street" front and primary parking lot front of each building. Projecting signs are permitted along Main Street and Lake Drive and along pedestrian passageways subject to the conditions below. Signage Plan and Restrictions Wall Signs The location of letters and logos shall be restricted to the approved building sign bands, the tops of which shall not extend greater than 20 feet above the ground. In Sector II, sign height may be increase based on the criteria that the signage is compatible with and complementary to the building architecture and design. The letters and logos shall be restricted to a maximum of 30 inches in height. All individual letters and logos comprising each sign shall be constructed of wood, metal, or translucent facing. If illuminated, individual dimensional letters and logos comprising each sign may be any of the following: a. Exposed neon/fiber optic, b. Open channel with exposed neon, c. Channel Letters with acrylic facing, d. Reverse channel letters (halo lighted), or e. Externally illuminated by separate lighting source. o Tenant signage shall consist of store identification only. Copy is restricted to the tenant's proper name and major product or service offered. Corporate logos, emblems and similar identifying devices are permitted provided they are confined within the signage band and do not occupy more than 15% of the sign area unless the logo is the sign. ° Within Sector II, architecturally, building-integrated panel tenant/logo sign may be permitted based on criteria that the signage is compatible with and complementary to the building design and architecture. 5. Back lit awnings are prohibited. Projecting Signs 1. The letters and logos shall be restricted to the approved building sign area. ° All wooden signs shall be sandblasted and letters shall be an integral part of the building's architecture. o o o o o o Signage shall consist of store identification only. Copy is restricted to the tenant's proper name and major product or service offered and such minimal messages such as date of establishment of business. Corporate logos, emblems and similar identifying devices are permitted provided they are confined within the signage band or within the projecting sign and do not occupy more than fifteen (15) percent of the sign display area. Projecting signs shall be stationary, may not be self-illuminated but may be lighted by surface mounted fixtures located on the sign or the adjacent facade. Projecting signs shall be limited to one per tenant on street frontage and pedestrian passageway and my not exceed six square feet. Letters shall have a maximum height of 12 inches. Projecting signs shall be a minimum of eight feet above the sidewalk and shall not project more than six feet from the building facade. Plastic, plexi-glass, clear plex, or similar material projecting signs are prohibited unless used in conjunction with other decorative materials. Projecting signs may be painted, prefinished, or utilize exposed metal. Any exposed metal shall be anodized aluminum, stainless steel, titanium, bronze, or other similar non- corrosive or ono-oxidizing materials. Window Signs Window signs shall not cover more than 25 percent of the window area in which they are located. · 2. Window signs shall not use bright, garish, or neon paint, tape, chalk, or paper. Menu Signs Shall be located at eye level adjacent to tenant entries and shall not exceed 4 feet in height. Shall be used only to convey daily specials, menus and offerings and shall be wood framed chalkboard and/or electronic board with temporary handwritten lettering. No paper construction or messages will be permitted. 3. Menu signs shall be limited to one per tenant and may not exceed 8 square feet. 9 Festive Flags/Banners 1. Flags and banners shall be permitted on approved standards attached to the building facade and on standards attached to Pedestrian area lighting. 2. Plastic flags and banners are prohibited. 3. Flags and banners shall be constructed of fabric. 4. Banners shall not contain advertising for individual users, businesses, services, or products. 5. Flags and banners shall project from buildings a maximum of two feet. 6. Flags and banners shall have a maximum area of 10 square feet. 7. Flags and banners which are torn or excessively worn shall be removed at the request of the city. Building Directory 1. In multi-tenant buildings, one building directory sign may be permitted. The directory sign shall not exceed eight square feet. Pole Directory Sign 1. Pole directory signs consisting of single poles with individual nameplate type directional arrows may be located within the development. 2. Pole directory sign shall not exceed 15 feet in height. 3. Directory signs shall be a minimum of eight feet above the sidewalk. 4. A maximum of eight directory signs may be provided per pole. 5. The maximum size of an individual sign shall be 18 inches long by four inches wide. 6. Poles shall be a minimum of 10 feet behind the curb. h. Lighting 10 o Lighting for the interior of the business center should be consistent throughout the development. The plans do not provide for street lighting. As with previous developments, the City has required the developer to install street lights throughout the street system. A shoe box fixture (high pressure sodium vapor lamps) with decorative natural colored pole shall be used throughout the development parking lot area for lighting. Decorative, pedestrian scale lighting shall be used in plaza and sidewalk areas and may be used in parking lot areas. Lighting equipment similar to what is mounted in the public street right-of-ways shall be used in the private areas. All light fixtures shall be shielded. Light level for site lighting shall be no more than 1/2 candle at the project perimeter property line. This does not apply to street lighting. Light poles shall be limited to a height of 20 feet. Parking Parking shall be provided based on the shared uSe of surface parking areas whenever possible. Cross access easements and the joint use of parking facilities shall be protected by a recorded instrument acceptable to the city. A minimum of 75 percent of a building's parking shall be located to the "rear" of the structure and in underground garages. The development shall be treated as a integrated shopping center and provide a minimum of one space per 200 square feet of commercial/retail area. The office/personal service component shall be treated as an integrated office building and provide 4.5 space per 1,000 square feet for the first 49,999 square feet, four per thousand, square feet for the second 50,000 square feet, and 3.5 per thousand square feet thereafter. Residential uses shall provide 1.5 spaces per unit as underground parking with visitor spaces provided as part of the commercial/office uses. Within sector IV, visitor parking shall be provided at a rate of 0.5 stalls per unit. Hotel/motels shall comply with city ordinance. Churches/schools shall comply with city ordinance, however, a minimum of 50 percent of the parking shall be shared. 11 HI,ON ~s IJJ.UJllIIlII{III il IlHlll[t I1[[ I[llll II IIHIHIJ ~'~¥1 VlVO .V. 31¥N~319V Peddler Cyclery Lake Susan APartment Homes Foss Swim School; I' ~'~,~ "?1 ~ v'~ ' TL:=......~ .o I~1" - ,' .-j': ~:[~ ~ I ~o ~Z~ CatholJo Oommunit~ ~ Bldg. 17 - 2 story i 30,000 sq. ft. office II II r mm TI~OH 1"{0 LLdQ. SNOIIVA33~ V v V V V V ....' " ~ ~L~iS) NOLLV/~-EI ISV3 (30NVLLLND) NOliVA~93/S3M NV-Id dO0~ :NOliVA3'I:I HI.nOS 19933 ~.~-~5-9~ i Foss Swim School ......... ;;;~-'; ........................... · ; SOUTH ELEVAT ON 1 ' ...... ~ ................... 9933 Foss Swim School 5~'25'99 · ~ORTHELEVATION __ . 99~--3~ Foss Swim School ......... T~4"~ ......................... ~-2s-99 ~/EST ELEVATION 3 . ~_. , . . 'j.~,~..~..;-. , · ..., ~-- -.: ,~,~S 9933 FOSS Swim School ' fll \ ! L. CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, VILLAGES ON THE PHASE I MINNESOTA PONDS PUD/DEVELOPMENT CONTRACT (Developer Installed Improvements) TABLE OF CONTENTS SPECIAL PROVISIONS PAGE 2. 3. 4. 5. 6. 7. 8. 9. 10. REQUEST FOR PLAT APPROVAL .............................. SP-1 CONDITIONS OF PLAT APPROVAL ............................ SP-1 ZONING ....................................... . .......... SP-1 DEVELOPMENT PLANS ...................................... SP-1 IMPROVEMENTS ............................. i ............. SP-2 TIME OF PERFORMANCE .................................... SP-2 SECURITY ............................................... SP-2 NOTICES ................................................ SP-3 OTHER SPECIAL CONDITIONS ............................... SP-3 GENERAL CONDITIONS .................................... SP-10 GENERAL CONDITIONS 2. 3. 4. 5. 6. 7. 7A. 9. 10. 12. 15. 20. 21. RIGHT TO PROCEED .......................... · ............. GC-1 PHASE DEVELOPMENT ...................................... GC-1 EFFECT OF SUBDIVISION APPROVAL ......................... GC-1 IMPROVEMENTS ........................................... GC-1 IRON MONUMENTS ......................................... GC-2 LICENSE ................................................ GC-2 SITE EROSION CONTROL ................................... GC-2 EROSION CONTROL DURING CONSTRUCTION OF A DWELLING OR OTHER BUILDING ............................................... GC-3 CLEAN UP ............................................... GC-3 ACCEPTANCE AND OWNERSHIP OF IMPROVEMENTS ............... GC-3 CLAIMS ................................................. GC-3 PARK AND TRAIL DEDICATION .............................. GC-4 LANDSCAPING ........................................ . .... GC-4 WARRANTY ............................................... GC-4 LOT PLANS .............................................. GC-5 EXISTING ASSESSMENTS ................................... GC-5 STREET LIGHTING ........................................ GC-5 SIGNAGE ................................................ GC-5 HOUSE PADS ............................................. GC-5 RESPONSIBILITY FOR COSTS ............................... GC-5 DEVELOPER'S DEFAULT .................................... GC-7 MISCELLANEOUS A. Construction Trailers ............................. GC-7 B. Postal Service .................................... GC-7 C. Third Parties .~ .................................. GC-7 D. Breach of Contract ............................... E. Severability ..................................... F. Building Permits ................................. G. Waivers/Amendments ............................... H. Release .......................................... I. Insurance ......................................... GC-8 GC-7 GC-7 GC-7 GC-7 GC-8 J. Remedies .......................................... GC-8 K. Assignability ....... ~ ............................. GC-8 L. Construction Hours ................................ GC-8 M. Access ............................................ GC-9 N. Street Maintenance ................................ GC-9 O. Storm Sewer Maintenance ........................... GC-9 P. Soil Treatment Systems ............................ GC-9 Q. Variances ........................................ GC-10 R. ComDliance with Laws, Ordinances, and Regulations GC-10 S. Proof of Title ................................... GC-10 T. Soil Conditions .................................. GC-10 U. Soil Correction .................................. GC-10 CiTY OF CHANHASSEN PUD/DEVELOPMENT CONTRACT (Developer Installed Improvements) VILLAGES ON THE PONDS - PHASE I SPECIAL PROVISIONS AGREEMENT dated September 23, 1996, by and between the CITY OF CHANHASSEN, a Minnesota municipal corporation (the "City"), and AUSMAR DEVELOPMENT CO. LLC, a Minnesota Limited Liability Company (the "Developer"). 1. Request for Plat Approval. The Developer has asked the City to approve a plat for VILLAGES ON THE PONDS (referred to in this Contract as the "plat"). The land is legally described on the attached Exhibit "A". 2. Conditions of Plat Approval. The City hereby approves the plat on condition that the Developer enter into this Contract and furnish the security required by it. 3. Zoning. The plan is being rezoned to Planned Unit Development (PUD). Except as specifically modified herein, the uses, requirements, and standards of the R-12 zoning district, high density residential, as may be amended, shall apply to the property. 4. Development Plans. The plat shall be developed in accordance with the following plans. The plans shall not be attached to this Contract. With the exception of Plan A, the plans ~nay be prepared, subject to City approval, after entering the Contract, but before commencement of any work in the plat. 'If the plans vary from the written terms of this ~ontract, the written terms shall control. The plans are: Plan A: Final plat prepared by BRW, Inc. and approved by the Chanhassen City Council on September 23, 1996. Plan B: Grading, Drainage and Erosion Control Plan dated September 16, 1996, prepared by BRW, Inc. Plan C: Plans and Specifications for Improvements dated September 16, 1996 prepared by BRW, Inc. Plan D: Landscape Plan dated June 19, 1996 prepared by BRW, Inc. Revised 3/22/94 5. Improvements. the following: The Developer shall install and pay for A. Sanitary Sewer System B. Water System C. Storm Water Drainage System D. Streets/Trails/Sidewalks E. Concrete Curb and Gutter F. Street Signs G. Street Lights Site Grading I. Underground Utilities (e.g. gas, electric, telephone,CATV) J. Setting of Lot and Block Monuments K. Surveying and Staking L. Landscaping/Site Restoration Wetland Monumentation/Restoration 6. Time of Performance. The Developer shall install all required improvements by November 15, 1998. The Developer may, however, request an extension of time from the City. If an extension is granted, it shall be conditioned upon updating the security posted by the Developer to reflect cost increases and the extended completion date. 7. Security. To guarantee compliance with the terms of this Contract, payment of special assessments, payment of the costs of all public improvements, and construction of all public improvements, the Developer shall furnish the City with a letter of credit from a bank, cash escrow, or equivalent ("security") for $301,455.00. The amount of the security was calculated as 110% of the following: Sanitary sewer (Public Portion) .................. $ Watermain (Public Portion) ....................... $ Storm Sewer, Drainage System, including cleaning and maintenance ......................... $ Street signs ..................................... $ Erosion control ...... ~ ........................... $ Engineering, surveying, and inspection. .......... $ Landscaping (Phase I) ............................ $ Wetland Monuments ............. ~ .................. $ 86,400 60,600 6,300 1,000 67,000 38,000 14,250 5O0 SP-2 TOTAL COST OF PUBLIC IMPROVEMENTS ................ $ 274,050 This breakdown is for historical reference; it is not a restriction on the use of the security. The security shall be subject to the approval of the City. The security shall be for a term ending December 31, 1998. The City may draw down the security, without notice, for any violation of the terms of this Contract. If the required public improvements are not completed at least thirty (30) days prior to the expiration of the security, the City may also draw it down. If the security is drawn down, the draw shall be used to cure the default. With City approval, the security may be reduced from time to time as financial obligations are paid, but in no case shall the security be reduced to a point less than 10% of the original amount until all improvements are complete and accepted by the City. 8. Notice. Required notices to the Developer shall be in writing, and shall be either hand delivered to the Developer, its employees or agents~ or mailed to the Developer by registered mail at the following address: AUSMAR Development Co. LLC c/o Lotus Realty Services 551 West 78ch Street P.O. Box 235 Chanhassen, MN 55317 Notices to the City shall be in writing and shall be either hand delivered to the City Manager, or mailed to the City by registered ~nail in care of the City Manager at the following address: Chanhassen City Hall, 690 Coulter Drive, P.O. Box 147, Chanhassen, Minnesota 55317, Telephone (612) 937-1900. { } 2. 9. Other Special Conditions. L The applicant will be required to provide 334 trees as reforestation plantings. Trees are to be from the city's Approved Tree List. Ail future site plans for the Villages on the Pond development will use the conceptual landscaping plan as a guide for numbers of placement of landscape plants including trees and shrubs. No individual uses will be allowed to provide less landscaping for the site than what has been included on the master landscaping plan. Landscaped walkway~shall be provided between individual sites to allow for greater pedestrian accessibility and continuity e e of landscaping. The development shall comply with the development design standards included in the staff report and incorporated herein by reference (Exhibit C of the Development Contract). Grading shall be prohibited in the area between the bluff areas adjacent to Lake Susan. Turning radiuses of fire apparatus access roads shall be submitted to City Engineer and Fire Marshal for review and approval. Fire lanes will be marked with the appropriate street signage and yellow curbing. Fire Marshal will determine fire lanes upon review of plans and final access routes and at that point determine exact placement of signs and yellow curbing. The road or driveway access directly east of the existing Lake Drive must have a street name. The street name must be submitted to the Fire Marshal for review and approval. Premises identification will be reviewed as specific buildings are being proposed. Chanhassen Fire Department/Fire Prevention Policy # 29-1992 will be used as basic criteria for numbering the buildings. Due to the complexity of this project, numbering on more than one side will be necessary as well as additional monument or directional signage. Final grading plan shall incorporate the following changes: Relocate NURP Basin No. 3 easterly outside of future TrUnk Highway 101 right-of-way. Consider consolidation of NURP Basin No. 3 with NURP Basin No. 4 and oversize NURP Basin No. 4 to accommodate future stormwater runoff south of the development. Incorporate fencing with the construction of the 12-foot high retaining wall on Lot 10, Block 1. Rerouting of Riley Creek shall be developed and approved by the DNR. Ail NURP basins shall be constructed with either 3:1 side slopes with a 10:1 bench at the normal water level for the first 1-foot of depth or 4:1 side slopes overall. No berming allowed in any public right-of-way. SP-4 11. The lowest floor elevation of buildings adjacent to ponds and wetland shall be a minimum of 2 feet above the 100-year high water level. 12. The applicant shall assume maintenance and ownership of the stormwater ponding facilities and wetlands except for NURP ponds number 4 and 7. The appropriate drainage and utility easements shall be dedicated on the final plat over ponding areas and wetlands. The easements shall encompass the storm ponds and wetlands up to the 100-year flood level. Storm sewer facilities which lie outside of public right-of-way shall be privately owned and maintained by the applicant or its successors. If the applicant fails to adequately maintain the storm drainage system, i.e., pipes and ponds, the City may contract the work to be done and assess the development accordingly. 13. Ail sanitary sewer and water lines with the exception of the individual building services shall be owned and maintained by the City upon completion. As-built construction plans will be required before the City accepts the utilities. 14. The existing house on Lot 1, Block 2, preliminary plat, shall be razed within 30 days after the lot is final platted. The appropriate demolition permits will be required through the City's Building Department. Existing wells and/septic systems on the site shall be abandoned per State health codes and City ordinance. 15. Ail access points on to Trunk Highway 101 are subject to F~nDOT, Carver County Public Works, and city approval. 16. The applicant will be responsible for the appropriate water quantity connection fees based on the City's Surface Water Management Plan. Staff has estimated that this site will be responsible for 48.5 acres of high density development once the entire site is platted. The proposed phase one of this project will be responsible for 14.2 acres of water quantity fees or $61,912.00. The applicant has provided plans that show water treatment for this site meeting SWMP standards, therefore at this point, all water quality fees shall be waived. The SWMP fees are payable at time of final plat. 17. The applicant shall be. responsible for the installation of street lights along the private and public streets. The applicant and city staff shall work together to prepare a street lighting plan to be incorporated into the street construction plans. SP-5 contract with the City and provide the necessary financial security and administration fees to guarantee compliance with the conditions of approval. 19. The applicant shall design and construct the street and utility ,.'i.~'? improvements in accordance to the City's latest edition of .~i?~'~' Standard Specifications and Detail Plates. Detailed ~.?ii.~~. construction plans and specifications for the public ~i~.~.~~ improvements shall be submitted to city staff for review and formal approval by City Council in conjunction with final plat approval. 20. The applicant shall provide a copy of the covenants for review and approval by the City and shall be filed at the County with the final plat documents. 21. The applicant shall apply for and obtain all necessary permits from the regulatory agencies such as the MPCA, Health Department, Watershed District, DNR, Army Corps of Engineers, /~nDOT, Metropolitan Council WaStewater Services, and Carver County Highway Department. 22. The applicant shall report to the City Engineer the location of any drain tiles found during construction. The applicant will comply with the City Engineer's direction as far as abandonment or relocation of the drain tile. 23. Drainage and conservation easements shall be dedicated over all wetland areas within the subdivision inclUding outlots. Wetland mitigation measures shall be developed and subject to approval by the City. The mitigation measures shall be completed in conjunction with the site grading and restoration. 24. Buffer strips shall be provided around Wetland 5000. The buffer strips shall be 10 to 30 feet in width with an average width of 20 feet. The street section for the public portion of Lake Drive shall be constructed to 36-feet wide face-to-face with concrete curb and ~utter. The street section which acceSses Grandview Road within the plat shall be constructed to 31-feet wide back-to- back with concrete curb and gutter. A temporary cul-de-sac with a 25-foot radius shall be constructed at the end of the !public street for Grandview Road. All private streets shall be constructed in accordance with the s · . City' private street ~ordinance which requires a minimum 26-foot wide drive aisles , ~ and built to 7-ton design. -~ Q~ ~... SP-6 26. Depending on the phasing of the project, Trunk Highway 101 may need to be upgraded to four lanes, as well as, turn lanes and traffic signals. The applicant shall incorporate the necessary traffic improvements as recommended by SRF, accordingly. Should the traffic signals not be required with the initial phase of development, the applicant will be required to escrow with the City their fair share of the cost for future installation. Security shall be a means of a letter of credit or a certificate of deposit. All Trunk Highway 101 improvements shall meet State Aid standards. The applicant's responsibility for the traffic signals along Trunk Highway 101 shall be 37% of the total cost. A cost sharing agreement between the applicant and City shall be drafted for the installation of any traffic signals. 27. The applicant shall provide cross-access easements and maintenance agreements for use of the private streets. Cross- access easements should also qualify the secondary access road for public use to Grandview Road. 28. The applicant shall also convey to the City a trail easement over Outlot H once the trail alignment has been approved. ,,,~I~1(!~29. The following Park and Recreation conditions shall apply: a. The south Rice Marsh Lake Trail connection shall be identified on the plan. b. If the trail along TH 101 south of Rosemount is disturbed during construction, an agreement for replacement shall be coordinated with the applicant. c. There shall be a joint agreement for future use of the soccer field between the community and St. Hubert's Church. ~,.~d. Full park and trail fees shall be collected per City l?''i~g_ordinance. 30. Unless setbacks can be maintained for existing TH 101, development of Outlot J is contingent upon the upgrade of State Hwy. 101. 31. The developer shall create and maintain an Architectural and Landscape Review Committee to review and approve development and building plans for buildings within the Villages on the Ponds. 32. The Developer shall work with the city to accomplish City goals for housing including the provision of "affordable housing": 35 percent of the rental housing and 50 percent of the ownership housing shall meet the criteria established for affordability by the Metropolitan Council. SP-7 33. The developer and future site users shall be required to incorporate street/plaza furniture, planting boxes, public art, bicycle racks, drinking fountains, etc. within the development and on individual site plans. 34. The applicant shall prepare a detail plan for the design of the wetland alterations. 35. The applicant shall provide specific landscaping plan for wetland 2000 and along TH 5. 36. For two years following final approval of the development, no changes in official controls of the city shall affect the development. 37. A Phase II historical analysis shall be performed on potential archaeological sites as delineated in the EAW. 38. Lot 1, Block 3, shall be shown on the final plat as part of Outlot H, or alternatively as Outlot L. 39. The final location of the soccer field shall be agreed to between the developer and St. Huberts and approved by City Council, and appropriate plans shall be prepared and submitted to the city and approved by City Council, prior to the issuance of building permits for any other development in the project. 40. The removal of Great Plains Boulevard between'Lake Drive East and Market Boulevard upon vacation, including traffic control/signage, shall be the applicant's responsibility. Placement of the appropriate traffic control devices shall be coordinated between the applicant, MnDOT and the City of Chanhassen. A detailed traffic plan shall be prepared by the applicant for review and approval by the regulatory agencies prior to closure of Great Plains Boulevard. 41. Substantial changes in the grading, drainage and erosion control plans will require staff and, possibly, City Council approval. 42. Fencing shall be included in the retaining wall construction in conjunction with the overall site grading. Detailed plans addressing the fence construction shall be submitted to staff for review and approval. 43. Construction access points to the development will be limited to Lake Drive East at Market Boulevard, Main Street at Market Boulevard and Great Plains Boulevard at Lake Drive East. ~qD-R 44. Site grading within the development may commence prior to final plat recording contingent upon the City receiving the executed PUD/development contract, administration fees and security escrow along with the Watershed District permit. 45. The grading plan shall be revised to increase the size of the NURP ponds to maintain a 10:1 side slope at the normal water elevation. NURP number 3 shall be moved easterly outside of future Trunk Highway 101 riGht-of-way. 46. Storm water shall be pretreated in a sediment basin prior to discharging into wetland 5000 on Outlot J. The use of sump catch basins will not be permitted. 47. The storm sewer drainage systems except for NURP ponds 4 and 7 shall be owned and maintained by the applicant or association. The City reserves the right to go in and perform necessary maintenance functions to maintain water quality levels and assess the cost of the work back to the developer. 48. Drainage and utility easements will need to be dedicated on the final plat over the sanitary sewer and watermain lines which will be publicly owned and maintained. The easement width will depend on the depth of the sanitary sewer line. At a minimum, a 20-foot wide drainage and utility easement shall be dedicated over each utility line. The final plat shall also include drainage and utility easements over the wetlands on Outlot B and Outlot D to cover the wetland mitigation and storm water pond. In addition, the standard front, rear and side drainage and utility easements shall be dedicated on Lot 1, Block 1 and Lot 1, Block 2. 49. The most northerly access point onto Market Boulevard/Trunk Highway 101 from the development which will be servicing Americinn shall be restricted to a right-in/riGht-out and not a full access as proposed. 50. Ail drive aisles/streets/parking lots shall be designed and constructed in accordance with City Code, Section 20-1118 except for portions of Lake Drive and Main Street which require a wider street section to facilitate parking and auxiliary turn lanes at the intersection of Trunk Highway 101/Market Boulevard., Cross-access and maintenance agreements shall be required to grant access t© Lot 1, Block 1, Lot 1, Block 2 and through Lot 1, Block 2 to Grandview Road from the general public. Construction plans shall be submitted to staff for review and approval. SP-9 51. The applicant shall be responsible for constructing temporary and permanent streets through Outlot A to serve Lotl, Block 1 and Lot 1, Block 2. 52. The applicant must show grading plan for mitigation area C. The proposed grading plan shows this area as wetland ~itigation , but has no changes in grade. 10. General Conditions. The general conditions of this Contract, approved by the City Council on February 13, 1995 are attached as Exhibit "B" and incorporated herein. .qP-1 ~ (SEAL) CITY OF CHANHASSEN ~n Ash~h C~'t--y Manager / / Its Managing Member STATE OF MINNESOTA ) .( ss o COUNTY OF CARVER ) The foregoing instrument was acknowledged before me this __~ /~ day of~g~. ..~~~ , 1996, by Donald J. Chmiel, Mayor, and by Don Ashw0rth, cite Manager, of the City of Chanhassen, a Minnesota raunicipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council.C , /~ · DRAFTED BY: city of Chanhassen 690 Coulter Drive P.O. Box 147 Chanhassen, Minnesota (612) 937-1900) 55317 SP-11 Ar- 'i ._.. __ ..m. ... ,m,. mm mm mmm mmm mmm m m m mm mm m' % O.C Or--ITl Project Permitted VILLAGES ON THE PONDS DEVELOPMENT Commercial Office/Service Residential (sq. ft.) (sq. ft.) (units) 174,500 129,500 322 Lake Susan Apartments Peddler Cyclery 5,018 6,077 Foss Swim School 9,800 Houlihan's 7,443 Famous Dave's 5,300 Building 4 14,849 Building 17 30,000 Americlnn 45,505 St. Huberts TOTALS Institutional (sq, ft,) 100,000 162 96,288 78,115 45,877 162 96,288 Date Approved 6/28/99 6/28/99 6/14/99 5/11/98 11/24/97 9/22/97 8/11/97 2/24/97 12/9/96 8/11/99 g:\plan\bg\Villages building area Villages on the Ponds History On June 28, 1999, the City Council approved Site Plan #99-9 for a three building apartment development within the Villages on the Ponds development on Outlot J, Villages on the Ponds (Lot 1, Block 1, Villages on the Ponds 6th Addition), each building will be three stories with 54 units for a total of 162 units. On June 28, 1999, the City Council approved Site Plan #99-10 for an 11,095 square foot 1½ stow retail, showroom and office building on Lot 1, Block 1, Villages on the Ponds 4th Addition, The Peddler Cyclery On June 14, 1999, the City Council approved site plan #99-8 for Foss Swim School for a 9,800 square foot swim school facility on Lot 1, Block 1, Villages on the Ponds 5th Addition. On May 11, 1998, the City Council approved Site Plan 98-5 for. a 7,443 square foot Houlihan's Restaurant (Building 2) on Lot 1, Block 1, Villages on the Ponds Bra Addition. On May 11, 1999, the City Council approved the final plat for Lot 1, Block 1, Villages on the Ponds 3''d Addition subdividing Outlot D and part of Outlot E, Villages on the Ponds. On November 24, 1997, the City Council approved Site Plan #97-11 for a 5,300 square foot building (Building 3) on Lot 1, Block 1, Villages on the Ponds 2nd Addition, for Famous Dave's, On September 23, 1997, the city granted approval for a 14,849 square foot retail building on Lot 2, Block 1, Villages on the Ponds 2nd Addition, (Building 4). Building 4 is a one stow, 14,849 square foot, multi-tenant, retail building. On September 23, 1997, the city granted Final Plat approval for Outlot C into Lots 1 and 2, Block 1, and Outlot A, Villages on the Ponds 2nd Addition. September 12, 1997, enter into sub-recipient agreement with AUSMAR to construct the improvement spelled out by the Metropolitan Council's grants. On August 11, 1997, the City Council approved a proposed 30,000 square foot office building (Building 17) on Outlot K, Village on the Ponds (#97-9 SPR), plans prepared by Milo Architecture Group, dated 6/13/97. May 19, 1997, enter into Livable Communities Act Grant agreement with the Metropolitan Council for the provision of public realm improvements and affordable housing in Villages on the Ponds ($500,500.00). February 24, 1997, enter into Transit Capital Financial Assistance Grant with the Metropolitan Council for the provision of a transit facility within Villages on the Ponds ($190,000.00). On December 16, 1996, the City Council approved Site Plan 96-13 for a 45,505 square foot Americlnn Motel and Suites facility (Building 1) on Lot 1, Block 1, Villages on the Ponds. On September 23, 1996, the City Council approved PUD 95-2, Villages on the Ponds, including a Comprehensive Land Use Plan amendment from Office/industrial, Institutional, Residential Medium Density, Residential Low Density to Mixed Use-Commercial, High Density Residential, Institutional and Office; Preliminary planned unit development for up to 291,000 sq. ff. of commercial/office buildings, 100,000 sq. ft. of institutional buildings, and 322 dwelling units; Rezoning from IOP and RSF to PUD, Planned Unit Development (final reading); and final plat dated "Received September 19, 1996" for two lots and ten outlots and public right-of-way. On September 9, 1996, the City Council approved Site Plan 96-11 for a 96,288 square foot school church facility for St. Hubert Catholic Community on Lot 1, Block 2, Villages on the Ponds. On August 12, 1996, the City Council granted preliminary approval of PUD #92-1 including a Comprehensive Land Use Plan amendment from Office/industrial, Institutional, Residential Medium Density, Residential Low Density to Mixed Use-Commercial, High Density Residential, Institutional and Office; Preliminary planned unit development for up to 291,000 sq. ft. of commercial/office buildings, 100,000 sq. ft. of institutional buildings, and 322 dwelling units; Rezoning from IOP and RSF to PUD, Planned Unit Development (first reading); Preliminary plat for 13 lots and 3 outlots and public right-of-way; Wetland Alteration Permit to fill and excavate wetlands on site; Vacation of right-of-way and easements; Environmental Assessment Worksheet (EAW) findings of Negative Declaration of the need for additional environmental investigation; and Indirect Source Permit Review for the Villages on the Ponds project. PLANNING COMMISSION CITY COUNCIL 10/4/95 Villages concept discussion 10/18/95 Villages concept discussion 11/1/95 Livable Communities discussion 11/15/95 Villages concept discussion 11/27/95 12/11/95 Villages concept discussion Villages concept discussion 2/7/96 Livable Communities hearing 5/1/96 Villages worksession - needs, wants, goals 5/15/96 Villages worksession - concept and opportunities 6/5/96 Villages worksession - subdivision/technical details 6/18/96 Developer Open House 6/19/96 Villages worksession - architecture, design criteria, uses 7/17/96 Villages Preliminary PUD 6/24/96 Livable Communities Action Plan 8/12/96 Villages Preliminary PUD 9/9/96 Villages Final Plat 9?23/96 Villages Final Plat ASSESSME~ PREPARED FOR.. C.F~ OF CHAJV~A SSE2V PROPOSED BY: PREPARED BY: BR3Ar, ][NC. JULY 1. 1996 COPY Project Location W. 1/2 Section ,.13,. Township il6N · .Range 23W Count), Can, er City/Twp Chanhassen Attach copies of each of the following to the EAW: a. a county map showing the general location of the project; b. copy(ies) of USGS 7.5 minute, 1:24,000 scale map (photocopy is OK) indicating the project boundaries; c. a site plan showing all.significant project and natural features. The following figures are included in Appendix A. 1. Project Location 2. Existing Conditions 3. Site Plan 4. National Wetland Inventory and DNR Protected Waters 5. Utility and Storm Water 6. Carver County Soil Survey 7. Ste. ep Slopes 8. Grading Plan 9. Existing Average Daily Traffic Volumes 10. Existing Traffic Control and Geometric Conditions 11. Existing and Year 2002 No-Build AM and PM Peak Hour Turning Movement Volumes 12. Year 2002 Build and Site Generated AM and PM Turning Movement Volumes 13. Air Quality CO Receptor Sites 14. Noise Analysis Sites 15. Directional Distribution 16. Existing Tree Canopy Coverage 17. SWMP Watersheds 18. Chanhassen Zoning Map o Description. Give a complete description of the proposed project and ancillary facilities (attach additional sheets as necessary). Emphasize construction and operation methods and features that will cause physical manipulation of the environment or produce wastes. Indicate the timing and duration of construction activities. Response: Lotus Realty Services proposes to construct a mixed use development in Chanhassen, Minnesota, consisting of 391,000 gross square feet of office/retail/ commercial uses and 266 attached residential units. · 23585 2 II il !1 II #23585 The project location is bound by Highway 5 to its north, Lake Susan and Rice Marsh Lake to its south, and Highway 101 runs_ through its western edge: Downtown Chanhassen is directly north of the proposed site. Primary access will be from Highway 5 via 101 and Great Plains Boulevard. "Villages on the Ponds" is intended to be a Neotraditional village community rmxing retail, office, institutional, hospitality, and residential uses on the site. The in'ternal roadway system will be primarily one north/south street and one major east/west route. Building design standards will coordinate building styles, landscaping, hardscapes, signage, lighting and other design features. The project site is 62 acres and is a proposed Planned Unit Development (PUD). The proposed plan includes: · 27.5 acres of impervious surface. · Approximately 2,192 proposed parking stalls (1,698 surface and 494 enclosed, which is approximately 3.04/1,000 square feet). · 13.25 acres of wetland to remain on site. · 6.1 acres of existing tree cover to remain on site. The site will maintain a significant amount of undeveloped land on site with approxi- mately 44% impervious surface proposed. Some of the primary environmental impacts are highlighted below and described in greater detail within the applicable categories of the EAW. Existing Tree Canopy Cover - Existing canopy cover is approximately 26 acres of deciduous trees. Approximately six acres of this is proposed to remain after completion of the project. Pockets of vegetation will remain in or near wetland areas, with a majority of the tree cover to be concentrated along the southern portion of the property near Lake Susan and Rice Marsh Lake. Site Preparation - Site grading will occur on approximately 53 acres of the 62-acre site. Erosion and sedimentation control measures will be constructed prior to initiation of site grading and will remain in place through .the construction process. Storm Water Runoff - Storm water runoff will be distributed to six ponding areas on site to provide sediment and/or nutrient removal: In most cases, the treatment ponding will be adjacent to wetlands remaining on site. In all, 1.54 acres of storm water ponding is proposed on site. Wetlands - The proposed site plan will impact 2.46 acres of the 16.0 acres of wetland on site. Replacement plans will include 2:1 ratios of on and off site replacement. 3 Provide a 50 or fewer word abstract for use in EOB Monitor notice: Lotus Realty Services proposes a mixed-~se development in Chanhassen, Minnesota, consisting of 391,000 gross square feet of retail, office, institutional, hospitality uses, and 266 residential units. The site is 62 acres in size and located directly south of Downtown Chanhassen and Highway 5, between Great Plains Boulevard and Market Boulevard (Highway 101). 7. Project Magnitude Data Total Project Area (acres) or Length (miles) 62 acres Number of Residential Units Unattached Attached 266 * Commercial/Industrial/Institutional Building Area (gross floor space) Total 391t000 square feet; Indicate area of specific uses: Office 47,000 SF * Retail 127,300 SF Warehouse --- Light Industrial Other Commercial (specify) _ Building Heights(s) Manufacturing Other Industrial Institutional 100r000 SF (church & school) Agricultural Hotel - 47,200 SF; Mixed Office and Retail - 69,500 SF Four stories maximum * The site plan analysis includes an alternative which would decrease commercial gross floor space by 19,000 SF and increase attached residential units by 56 units. Here the area shown as retail/office would be attached residential. Market factors at the time of development will determine the preferred land use. ~555 Permits and Approvals Required. List all known local, state and federal permits, approvals and funding required: Unit of Type of Government Application Status Federal: Corps of Engineers Wetland Alteration Permit Submitted State: MPCA Indirect Source Permit Sanitary Sewer Extension National Pollution Discharge Elimination System (NPDES) To be applied for To be applied for To be applied for I ! ! i 32. SUMMARY OF ISSUES. (This section need not be completed if the EAW is being done for EIS scoping; instead, address relevant issues in the draft Scoping Decision document which must accompany the EAW.) .List any impacts and issues identified above that may require further investigation before the project is commenced. Discuss any alternatives or mitigative measures that have been or may be considered for these impacts and issues, including those that have been or may be ordered as permit condi- tions. Response: Potential mitigation measures were discussed in this document for the following issues: Water Quality: Storm water treatment ponds are to be constructed in six location to treat virtually all site runoff before entering into any wetlands, lakes or creek. Wetlands: Wetland mitigation is proposed at a 2:1 ratio for the impacts proposed. Sequencing will need to be discussed with the permitting agencies and avoidance alternatives will need to be reviewed. Trees: Due to the grade change of nearly 100 feet from north to south within the site, preserving existing trees is difficult. The plan preserves most of the canopy on the slopes adjacent to the lakes and creek and just north of the trail. Other small woodlots are preserved within the wetlands and along the site fringe. A total of 6.1 acres are preserved if most of the wetland creation is done off-site. Given that most of the tree canopy consists of small cottonwood, box elder and willow, the City will need to determine whether additional preservation can be achieved through avoidance or if the tree species impacted can be adequately replaced with the replacement requirement. Traffic: The traffic analysis concluded that the predicted traffic generated by the site - does not significantly change the level of service that would occur without the project. Mitigation measures suggested do not alleviate the problem. The source of the traffic congestion is beyond the control of this project. There appear to be no significant issues requiring further investigation prior to project commencement. Required on-site utility and transportation system improvements will be designed and constructed as part of the project. The wetland loss will be mitigated in full compliance with city, state and Corps of Engineers requirements. The project has been planned to minimize future environmental impacts and will be constructed with significant emphasis on control of erosion and sedimentation control. 43 CITYOF CHANHASSgl 690 City Center Drive, PO Box 147 Chanhassen, Minnesota 55317 Phone 612.937.1900 General Fax 612937.5739 Engineering ]:ax 612.937.9152 Public Safe{y Fax 612.934.2524 Web u,ww. ci. chanhassen, mn. us MEMORANDUM TO: FROM: DATE: SUB J: Scott Botcher, City Manager Kate Aanenson, Community Development Director August 11, 1999 Material Requirements for Industrial Buildings The City Council has requested staff review the standards for materials in industrial parks. Staff will be giving a presentation (slide show) on the buildings in the City and the materials used. Attached are the PUD standards for the Arboretum Business Park and Chanhassen Business Center. Staff has reviewed construction costs of various materials and the implications of assessed valuations (taxes). The G~ qfl Chanhassen. A growing community with clean lakes, quality schooh, a charming downtown, thriving businesses, and beautifiul /)arks. A ereat vlace to live, work, and olay. EXHIBIT C Adopted 7/28/98 ARBORETUM BUSINESS PARK DEVELOPMENT DESIGN STANDARDS Development Standards a. Intent The purpose of this zone is to create a PUD light industrial/office park. The use of the PUD zone is to allow for more flexible design standards while creating a higher quality and more sensitive proposal. All utilities are required to be placed underground. Each lot proposed for development shall proceed through site plan review based on the development standards outlined below. Photo- composite images of proposed development adjacent to Highways 5 and 41 shall be submitted as part of the review process. The PUD requires that the development demonstrate a higher quality of architectural standards and site design. Ancillary uses may be permitted as listed below if they are ancillary to a principal use on the individual lot. Commercial/retail uses are prohibited except those uses specifically noted beloTM. b. Permitted Uses The permitted uses in this zone should be limited to light industrial, warehousing, and office as defined below. The uses shall be limited to those as defined herein. If there is a question as to whether or not a use meets the definition, the City Council shall make that interpretation. Permitted uses shall be allowed on the different Blocks and Lots for which they are specified below. The Blocks and Lots specified below are those designated on the attached PUD plan. The Block and Lot designations in final plats approved for phases of development may differ from those specified below. However, the permitted uses shall continue to be those specified below for the Lots identified in the PUD plan. Light Industrial - The manufacturing, compounding, processing, assembling, packaging, or testing of goods or equipment or research activities entirely within an enclosed structure, with no outside storage. There shall be negligible impact upon the surrounding environment by noise, Vibration, smoke, dust or pollutants. (Lots 3, 4, and 5, Block 1; Lot 1, Block 2; Lots 1, 2, 3, and 5, Block 4; and the Wrase property) Warehousing - Means the commercial storage of merchandise and personal property. (Lots 3, 4, and 5, Block 1; and Lots 1, 2, 3, and 5, Block 4) Office - Professional and business office. (Lots 1, 2, 3, 4, and 5, Blockl; Lot 1, Block'2; Lot 1, Block 3; Lotsl, 2, 3, 4, and 5, Block 4; and the Wrase property) Health Services- establishments primarily engaged in furnishing medical, surgical and other health services to persons. (Lots 1 and 2, Block 1; Lot 1, Block 3; and Lot 4, Block 4) Conferences/Convention Center - establishments designed to accommodate people in assembly, providing conference and meeting services to individuals, groups, and organizations. (Lot 5, Block 4) Indoor Recreation/ttealth Club - establishments engaged in operating reducing and other health clubs, spas, and similar facilities featuring exercise and other physical fitness conditioning. (Lot 1, Block 3; and Lot 4, Block 4) Hotel/Motel-establishments engaged in furnishing lodging, or lodging and meals, to the general public. (Lot 1, Block 3; and Lot 4, Block 4) Utility Services - Water towers and reservoir. (Lots 3, 4, and 5, Block 1; Lots 1, 2, and 3, Block 4; and the Wrase property) Commercial uses (permitted on lots specified as commercial in development standards tabulation box) 1. Restaurant, permitted on Lot 1, Block 3 or Lot 4, Block 4. (One stand alone restaurant,) 2. Convenience store with or without gas pumps, not to'exceed 12,000 square feet, on Lot 1 or 2, Block 1, only. (One convenience store.) 3. Banks, with or without drive up windows (Lots 1 and 2, Block 1; Lot 1, Block 3; and Lot 4, Block 4) 4. Day Care - establishments providing for the care and supervision of infants and children on a daily basis. (Lots 1 and 2, Block 1; Lot 1, Block 3; and Lot 4, Block 4) Ancillary Uses (in conjunction with and integral to a primary use) 1. Fast Food (no drive-through and only in conjunction with and integral to a convenience store). : 2. Restaurant (only in conjunction with hotel/motel or convention/conference center). 3. Showroom - showroom type display area for products stored or manufactured on-site provided that no more than 20 percent of the floor space is used for such display and sales.[for entire development]. (Amended 8/25/97) 4. Telecommunication Towers and Antennas by conditional use permit only. 5. Car wash, in conjunction with convenience store. 6. Day Care Interim Uses (Amended 7/26/99) Church facilities, i.e., assembly or worship halls and associated office, meeting, and other required spaces, subject to the following criteria: The church shall not occupy more than six percent (6%) of the one building on Lots 3 and 4, Block 2, Arboretum Business Park 2nd Addition. The church congregation may not exceed 200 adult members. Shall be reviewed and approved in accordance with the same procedures specified in the city code for conditional use permits. Prohibited uses · Contractors Yard · Lumber Yard · Home Improvement/Building Supply · Garden Center · Auto related including sales and repair · Home furnishings and equipment stores · General Merchandise Store c. Setbacks The development is regulated by the Highway 5 and the PUD Standards. There are no minimum requirements for setbacks on interior lot lines in the PUD zone. The following setbacks shall apply: Street Frontage Minimum Setback Building/Parking 70/50 Hwys. 5 & 41 Coulter & Century 50/20 100 Boulevards 82® & West Local 30/20 NA *Lot 5, Block 4, must only meet the maximum setback on one Highway frontage. Maximum Setback Building/Parking 150 * The average hard surface coverage does not include Outlots A and B. The PUD standard for hard surface coverage is 70% for office and industrial uses. Any one site/lot can exceed the 70 percent requirement but in no case can the entire finished development exceed 70 percent. d. Development Standards TabUlation Box 1. Building Area LOT/USE ACRES I Building Size?FAR I PARK1NG 82nd Street Dedication 1.80 l Interior Roadwa~f 10.54 Upland 16.6 Wetland 28.7 I Ponds Lot 3, Block 1 10.02 I 131,006 1262 Lot 4, Block 1 5.45 Lot 5, Block I 4.41 I 57'688' I 115 Lotl, Block4 4.38 157,199. ~ [ 114 Lot 2,.Block 4 5.40 [ 70, 597 / 141 Lot 3, Block 4 8.98 Lot 1, Block 2 12.23 ]159,822 /320 ' Lot 5, Block 4 23.20 / (.4 FAR) 404,279 Lot 1, Block 1 1.80 11,746 / 23,520 (5/1000) 59 Lot 2, Blockl 2.32 ]15,180/30,320 1(4/1000)61 Lot4, Block4 4.06 126,S36/53,060 1(5/1000) 133 ~ Office/Hotel Lotl, Block 3 6.41 I (.10FAR) 27937./I(16/1000) 447 Restaurant/Office ] 83,~70 Commercial sites may develop as office-industrial uses. Square footage for individual lots may be reallocated within the development, by type, provided the maximum square footage is not exceeded. 4 Building Square Footage Breakdown Office 31% 368,000 / (432,000) 31% Light Industrial Warehouse 31% Commercial 7% 368,000 / (432,000) 368,000 / (432,000) 81,000 / (o) Total 100% '1,186,000 / (1,295,000) *includes the Wrase property. ( ) represents conversion of commercial uses to office- industrial uses 2. More than one (1) principal structure may be placed on one (1) platted lot. 3. Building height shall be limited to 3 stories or 40 feet. Lot 5, Block 4, is intended to accommodate a major corporate headquarters or office, research, high end manufacturing with limited warehousing type user. While the majority of the development is based on 30 percent office space, Lot 5 must have a minimum of 40 percent office use and include multi-story building(s). Ce e Building Materials and Design The PUD requires that the development demonstrate a higher quality of architectural standards and site design. All mechanical equipment shall be screened with material compatible to the building. All materials shall be of high quality and durable. Masonry material shall be used. Color shall be introduced tlu'ough colored block or panels and not painted cinder block. Brick may be used and must be approved to assure uniformity. Block shall have a weathered face or be polished, fluted, or broken face. Concrete may be poured in place, tilt-up or pre-cast, and shall be finished in stone, textured, coated, or painted. Metal siding will not be approved except as support material to one of the above materials or curtain wall on office components or, as trim or as HVAC screen. All accessory structures shall be designed to be compatible with the primary structure. o 10. 11 12. 1. o All roof mounted equipment shall be screened by walls of compatible appearing material or camouflaged to blend into the building or background. Wood screen fences are prohibited. All exterior process machinery, tanks, etc., are to be fully screened by compatible materials. The use of large unadorned, pre-stressed concrete panels and concrete block shall be prohibited. Acceptable materials will incorporate textured surfaces, exposed aggregate and/or other patterning. All walls shall be given added architectural interest through building design or appropriate landscaping. The buildings shall have varied and interesting detailing. The use of large unadorned, concrete panels and concrete block, or a solid wall unrelieved by architectural detailing, such as change in materials, change in color, fenestrations, or other significant visual relief provided in a manner or at intervals in keeping with the size, mass, and scale of the wall and its views from public ways shall be prohibited. Acceptable materials will incorporate textured surfaces, exposed aggregate and/or other patterning. All walls shall be given added architectural interest through building design or appropriate landscaping. Space for recycling shall be provided in the interior of all principal structures or within an enclosure for each lot developed in the Business Center. Each buildings shall contain one or more pitched roof elements depending on scale and type of building, or other architectural treatments such as towers, arches, vaults, entryway projections, canopies and detailing to add additional interest and articulation to structures. There shall be no underdeveloped sides of buildings visible from public right-Of-ways. All elevations visible from the street shall receive nearly equal treatment and visual qualities. Site Landscaping and Screening Landscaping along Highways 41 and 5 shall comply with Buffer yard standard C. Coulter Boulevard, Century Boulevard, and West 82nd Street shall Comply with Buffer yard standard B. The master landscape plan for the Arboretum Business Park (formerly Gateway) PUD shall be the design guide for all of the specific site landscape developments. Each lot must present a landscape plan for approval with the site plan review process. Storage of material outdoors is prohibited unless it has been approved under site plan review. All approved outdoor storage must be screened with masonry fences and/or landscaping. Undulating or angular berms or elevation changes of 3' in height shall be placed along Coulter Boulevard, and Century Boulevard. The berms shall be sodded or seeded at the conclusion of each project Phase grading and utility construction. The required buffer landscaping may be installed incrementally, but it shall be required where it is deemed necessary to screen any proposed development. All required boulevard landscaping shall be sodded. o Loading areas shall be screened 100 percent year round from public right-of-ways. Wing walls may be required Where deemed appropriate. g. Signage All freestanding signs be limited to monument signs. The sign shall not exceed eighty (80) square feet in sign display area nor be greater than eight (8) feet in height. The sign treatment is an element of the architecture and thus should reflect the quality of the development. The signs should be consistent in color, size, and material throughout the development. The applicant should submit a sign package for staff review. 2. Each property shall be allowed one monument sign per street frontage. ge The signage will have consistency throughout the development. A common theme will be introduced at the development's entrance monument and will be used throughout. 4. Consistency in signage shall relate to color, size, materials, and heights. Se The Arboretum Business Park PUD shall be permitted two Arboretum Business Park identification signs. One sign per project entrance, at West 82nd and Century Boulevard and at Highway 41 and the westerly roadway, shall be permitted. Said Sign shall not exceed 80 square feet in sign area nor be greater than eight feet in height. 6. Wall sign shall be permitted per city ordinance for industrial office park site. 7. All signs shall require a separate sign permit. o In addition to the two signs identified in g. 5. above, signage for the main entrance on Highway 5 and Century Boulevard shall be reviewed and approved by the Planning Commission and City Council. h. Lighting Lighting for the interior of the business center should be consistent throughout the development. The street lights should be designed consistent with the existing lighting along the existing Coulter Boulevard. o A decorative, shoe box fixture (high pressure sodium vapor lamps or metal halide lights) with a square ornamental pole shall be used throughout the development area for area lighting. Lighting equipment similar to what is mounted in the public street right-of-ways shall be used in the private areas. o All light fixtures shall be shielded. Light level for site lighting shall be no more than 1/2 candle at the property line. This does not apply to street lighting. i. Alternative Access Each site shall accommodate transit service within the individual development whenever possible. 2. Pedestrian access shall be provided from each site to the public sidewalk and trail system. o The developer and site users shall promote and encourage Traffic Demand Management Strategies. 4. Each site shall provide areas for bicycle parking and storage. I 'ODZI d"J[~'X ~lX-l,~, DZO ¥~Og':qNNIR 'N:agS'~14 NV~I::) 93A39 3H1 NO :~10:1 ,~L.MgI::YI~.d N~qN S.LHOn lnoav T1V CHANHASSEN BUSINESS CENTER DEVELOPMENT STANDARDS a. Intent The purpose of this zone is to create a PUD light industrial/office park. The use of the PUD zone is to allow for more flexible design standards while creating a higher quality and more sensitive proposal. All utilities are required to be placed underground. Each lot proposed for development shall proceed through site plan review based on the development standards outlined below. b. Permitted Uses The permitted uses in this zone should be limited to light industrial, warehousing, and office as defined below. The uses shall be limited to those as defined herein. If there is a question as to the whether or not a use meets the definition, the City Council shall make that interpretation. Light Industrial. The manufacturing, compounding, processing, assembling, packaging, or testing of goods or equipment or research activities entirely within an enclosed structure, with no outside storage. There shall be negligible impact upon the surrounding environment by noise, vibration, smoke, dust or pollutants. 2. Warehousing. Means the commercial storage of merchandise and personal property. 3. Office. Professional and business office, non-retail activity. c. Setbacks In the PUD standards, there is the requirement for landscape buffering in addition to building and parking setbacks. The landscape buffer on Audubon Road is 50 feet, south of Lake Drive and 100 feet along the southern property line. The PUD zone requires a building to be setback 50 feet from the required landscape buffer and public right-of-ways. There is no minimum requirement for setbacks on interior lot lines. The following setbacks shall apply: Building Parking Audubon Road Buffer & Setback 50' plus 50' 50' plus 10' South Property Line & Setback 100" plus 50' 100' plus 10' Front & Rear ROW on Lake Drive 25' 15' Interior Side Lot Line 10' 10' Railroad Right of Way 30' 30' Audubon Road north of Lake Drive 50' 20' d. Development Standards Tabulation Box Existing Developed Sites Block Lot # Lot Acres Bldg Sq. Ft. Bldg Coverage Impervious 1 1 2.00 5,000 6.3% 45% 2 1 10.00 22,000 5.1% 16% Subtotal 12.00 27,500 avg. 5.7% avg. 30.5% Outlot D (Block 1, Lots 1 & 2) Block Lot # Lot Acres Bldg Sq. Ft. Bldg Coverage Impervious 1 4.5 57,000 29% 60% 2 4.0 44,000 25% 60% Subtotal 8.50 101,000 avg. 27 % avg. 60% Second Addition (Outlot A) Lot # Lot Size - Acres Building Sq. Ft. Building Impervious Coverage 1 5.95 30,000 12% 30% 2 6.13 36,000 13% 35% 3 6.14 69,000 26% 67% 4 5.47 75,000 31% 79% 5 5.39 75,000 31 °A 78% Road 2.82 Subtotal 31.90 283,000 avg. 22.6 avg. 58.5 Chanhassen Business Center Second Addition Lot # Lot Size - Acres Building Sq. Ft. Building Impervious Coverage ! 3.56 40,000 26% 67% 2 1.55 17,000 26% 65% 3 1.81 19,000 24% 63% 4 2.68 34,000 29% 76% 5 2.42 29,000 28% 72% 6 2.74 27,000 23% 59% 7 2.16 26,000 28% 72% Road 1.60 67% Subtotal 18.52 192,000 26% 68% TOTAL 93.02 603,500. 23 % 60 % The average hard surface coverage does not include Outlot A. The PUD standard for hard surface coverage is 70% for office and industrial uses. The proposed development'meets this standard with an average of 62% hard surface coverage. Building Square Footage Breakdown Office 20% Manufacturing 25% Warehouse 54.09% Church 0.91% Total 100% 120,700 sq. ft. 150,875 sq. ft. 326,425 sq. ft. 5,500 sq. ft. 603,500 sq. ft. e. Building Materials and Design The PUD requires that the development demonstrate a higher quality of architectural standards and site design. All mechanical equipment shall be screened with material compatible to the building. All materials shall be of high quality and durable. Masonry material shall be used. Color shall be introduced through colored block or panels and not painted block. 3. Brick may be used and must be approved to assure uniformity. 4. Block shall have a weathered face or be polished, fluted, or broken face. o Concrete may be poured in place, tilt-up or pre-cast, and shall be finished in stone, textured or coated. Metal siding will not be approved except as support material to one of the above materials or curtain wall on office components or, as trim or as HVAC screen. 7. All accessory structures shall be designed to be compatible with the primary structure. o All roof mounted equipment shall be screened by walls of compatible appearing material. Wood screen fences are prohibited. All exterior process machinery, tanks, etc., are to be fully screened by compatible materials. o The use of large unadomed, prestressed concrete panels and concrete block shall be prohibited. Acceptable materials will incorporate textured surfaces, exposed aggregate and/or other patterning. All walls shall be given added architectural interest through building design or appropriate landscaping. 10. Space for recycling shall be provided in the interior of all principal structures for all developments in the Business Center. f. Site Landscaping and Screening All buffer landscaping, including boulevard landscaping, included in Phase I area to be installed when the grading of the phase is completed. This may well result in landscaping being required ahead of individual site plan approvals but we believe the buffer yard and plantings, in particular, need to be established immediately. In addition, to adhere to the higher quality of development as spelled out in the PUD zone, all loading areas shall be screened. Each lot for development shall submit a separate landscaping plan as a part of the site plan review process. All open spaces and non-parking lot surfaces shall be landscaped, rockscaped, or covered with plantings and/or lawn material. o ge o ge o o o o Storage of material outdoors is prohibited unless it has been approved under site plan review. All approved outdoor storage must be screened with masonry fences and/or landscaping. The master landscape plan for the CBC PUD shall be the design guide for all of the specific site landscape developments. Each lot must present a landscape plan for approval with the site plan review process. Undulating or angular berms 3' to 4' in height, south of Lake Drive along Audubon Road shall be sodded or seeded at the conclusion of Phase I grading and utility construction. The required buffer landscaping may be installed incrementally, but it shall be required where it is deemed necessary to screen any proposed development. All required boulevard landscaping shall be sodded. Loading areas shall be screened from public right-of-ways. Wing wall may be required where deemed appropriate. Signage All freestanding signs be limited to monument signs. The sign shall not exceed eighty (80) square feet in sign display area nor be greater than eight (8) feet in height. The sign treatment is an element of the architecture and thus should reflect with the quality of the development. The signs should be consistent in color, size, and material throughout the development. The applicant should submit a sign package for staff review. Each property shall be allowed one monument sign located near the driveway into the private site. All signs require a separate permit. The signage will have consistency throughout the development. A common theme will be introduced at the development's entrance monument and will be used throughout. Consistency in signage shall relate to color, size, materials, and heights. Lighting Lighting for the interior of the business center should be consistent throughout the development. The applicant's proposal is consistent with the lighting standards for the PUD ordinance. The plans do not provide for street lighting. As with previous industrial parks/roadways, the City has required the developer to install street lights throughout the street system. The street lights should be designed consistent with the existing lighting along Audubon Road. A decorative, shoe box fixture (high pressure sodium vapor lamps) with a square ornamental pole shall be used throughout the development area for area lighting. o Lighting equipment similar to what is mounted in the public street right-of-ways shall be used in the private areas. All light fixtures shall be shielded. Light level for site lighting shall be no more than 1/2 candle at the property line. This does not apply to street lighting. j! : i 1:1 Control Products Indus1 ;ingdom Hall Paulstarr Q Matthews Dover Bldg Post Office National Weather Service ViE 0 CITYOF CHANHASSEN 690 Ci? Center Drive, PO Box 147 Chanhassen, Minnesota 55317 Phone 612.937. I900 General Fax 612. 937, 5739 Engineering Fax 612.937.9152 Pub& Safe? F~r 612.934.2524 Web www. ci. chanhassen, mn. us MEMORANDUM TO: Scott Botcher, City Manager FROM: Cynthia Kirchoff, Planner I DATE: Augustll, 1999 RE: Lewis Engineering Noise Monitoring Update BACKGROUND Since spring 1998, staff has received complaints from residents in the Trotter's Ridge subdivision regarding the noise emitting from and outdoor storage present at Lewis Engineering (Chaska). Initially staffmet with the City of Chaska to determine what can be done to remedy the situation. The City of Chaska contacted Lewis Engineering about the outdoor storage present on the site. According the Chaska, the business is complying with the zoning ordinance. Chanhassen staff inspected Lewis Engineering's property to determine compliance with the development agreement. It was found that overhead doors were left open, which probably intensifies the noise problem. The City of Chaska has been committed to uphold the development agreement, but have not allocated funding to remedy the situation. In an effort to pacify the neighbor's concerns, staff contacted Mr. David Braslau, who completed a noise assessment for the Post Office in February 1997. Mr. Braslau was authorized by the City Council to conduct a noise assessment of the site. The results of the study were presented to the City Council in January 1999. Essentially, Mr. Braslau recommended a noise barrier be constructed. This recommendation was based upon an assumed sound level to reduce the costs Of the study. The following are his recommendations: Building Wall (15 feet in height) (closest to Lewis Engineering) Berm Wall (15 feet in height) Wall on Top of Berm (existing on the site $148,500; $130,500;or $ 58,O00 Staff and Mr. Braslau met with the neighbors to discuss the results of the study. The neighbors recommended the study be delayed until the spring, when the activity is evident. Since the costs of the wall were high and Chaska had not indicated a willingness to contribute to the cost of the wall, staff contacted Mr. Braslau to monitor the noise from the site. Mr. Braslau's estimate exceeded the costs allocated for the study so staff contacted the Minnesota Pollution Control The City qf Chanhasse,. A ~rowin?, commum3 with clean lakes, quali~y schools, a charming downtown, thrivin;~ businesses, and beautiful parks. A ~reat place to live, work, and play. Mr. Scott Botcher August 11, 1999 Page 2 Agency (PCA) to request assistance. Mr. Brian Timerson, PCA Noise Program Coordinator, informed staff that he was not available to record the sound levels until the fall. He authorized city staff to utilize the his equipment for the purposes of enforcing the PCA's standards. NOISE MONITORING RESULTS Staff measured the noise using two types of dosimeters: a hand-held sound level meter and a noise monitor. The equipment utilized for the monitoring was obtained from the PCA. The guidelines and procedures for measuring noise are located in Attachment 2. On May 27, 1999, staff manually monitored the noise levels for one hour taking a measure every 10 seconds. This is a PCA established procedure used to measure non-impulsive noise. The standards limit levels for 10 percent of one hour (L 10) to 65 decibels and for 50 percent of one hour (L50) to 60 decibels during the hours of 7:00 a.m. and 10:00 p.m. The results from the manual monitoring are displayed in the following table. TABLE 1 Noise Monitoring at 2491 Bridle Creek Trail Standards L10 L50 dBA reading_i_n rear_~7ard _~_M.. aximu.~_dBA permitted 63 65 59 60 As the table shows, the decibels comply with the PCA's standards. The decibel recordings are located in Attachment 3. The noise was also measured utilizing a noise monitor placed on the site from Wednesday, June 16, 1999 to Friday, June 18, 1999. For purposes of consistency, the microphone and data recorder were placed at the site in the same location as staff oPerated the hand-held sound meter. Mr. Timerson downloaded the data (Attachment 4). The results indicate that the noise measured from the residence were lower than the standards with two exceptions. The readings exceed the L 10 standards between the hours of 5:00 a.m. 6:00 a.m. and 6:00 a.m. and 7:00 a.m. on June 17, 1999. These readings are an anomaly because the numbers are consistently lower than the standards for the remainder of the monitoring. A bird or vehicle could have produced the increase in the decibel readings (as staff witnessed while manually monitoring the noise). It is important to note that the Mr. Scott Botcher August 11, 1999 Page 3 results from this type of monitoring cannot be utilized for enforcement because a staff person did not witness the origin of the noise. RECOMMENDATION While the neighbors still witness activities which may produce loud and disturbing noise, staff has been unable to record levels which exceed the PCA's standards. Therefore, the State of Minnesota cannot place any noise restrictions on Lewis Engineering's operations at this time. Additionally, as Lewis Engineering is located in the City of Chaska, the City of Chanhassen has no known ability to restrict or govern Lewis Engineering's operations. Conversations with the City of Chaska personnel have reaffirmed Lewis' current compliance with Chaska code. It is the recommendation of the City that Lewis Engineering conduct their business as a good neighbor, and that we work in conjunction with the City of Chaska to monitor the situation. Attachments 1. Site Map 2. A Guide to Noise Control in Minnesota 3. Manual Monitoring Results from May 27, 1999 4. Noise Monitoring Results from June 16-18, 1999 4 Autumn Ridge 5 Autumn Ridge Ln 6 Autumn Ridge Minnesota Pollution Control Agency 520 Lafayette Road, Saint Paul, Minnesota 55155-4194 A Guide to Noise Control in Minnesota Acoustical Properties, Measurement, Analysis, Regulation Noise Program Coordinator: Brian J. Timerson e-mail: brian.timerson~pca.state.mn.us phone (651) 296-7898 FAX (651) 29%8701 revised 3/99 TABLE OF CONTENTS INTRODUCTION HTave Motio. Decibel Levels of Commo. Noise Sottrces USING DECIBELS Dista.ce .4tteltuatiolt Estimatiolts Addition and Subtraction of Decibel Level,, Backgt'ou.d Noise Cort'ectio. HUMAN PERCEPTION OF SOUND Pe:'ceive~! Cltattge itt Decibel Levels tfTeighti.g Networks MEASUREMENT PROCEDURES E~'rm:, Caused bj, ReJlecti.g Object., NTP-1 31eastt~'eme. t Pt'ocedttres NTP-2 Test Procedttre RULES OF THUMB REGULA TORY AGENCIES NOISE RULES AND STATUTES ~tlimte.,ota Noi.,e Polhttio~t Co.t~'ol Rules Mitmesota Motor Vehicle Noise Limits Mi..esota JlIotorboat Noise Limits JIi. nesota Sttm~,mobile Noise Limit~ 3 6 7 8 9 9 9 11 11 12 13 17 18 19 19 26 29 30 Introduction Noise is a pollutant. While its physical and emotional effects are difficult to define quantitatively, the noise level itself can be measured. Sound. Att alteration qf pressure that propagates through att elastic medium such as air which produces an auditot3, sensation. Noise. Att3, undesired sound. Wave Motion Sound travels in a wave motion through the air to our ears. An effective tool to demonstrate wave motion is a weight hanging from a spring. Picture the following diagram as a single weight and spring combination varying as time progresses along the horizontal axis. Periodic Motion - Weight on a Spring D i a C e m e n t ~.. Spring Time A Period Figure 1.1 In Figure 1.1, the first position of the weight on the spring is at rest with no forces exerted upon the system. If the weight is raised above its point of rest and the progression of the weight moving down and up again is observed over a period of time, a sinusoidal wave form is produced. This example demonstrates the relationship between a linear motion, the weight bouncing on the spring, and its corresponding wave form. The Amplitude of the moving weight is denoted as A on the diagram and corresponds with the maximum displacement of the weight from its "at rest" position, or the peak of the wave form in the positive or negative direction. The Period of the vibration is the amount of time taken to produce one complete cycle. The number of cycles per second defines the Frequency of the periodic motion which is denoted by the unit of Itertz, abbreviated as "Hz". Comparison of Periodic Motion to Sound Waves Loudspeaker Co Expansion Expansion Air assion Co ssion Exda ion a ion Figure 1.2 The graphical representation of sounds in Figure 1.2 are Pure Tones, which are sounds made up of a single frequency. A familiar example of a pure tone is the sound produced when a single key of a piano is pressed. For instance, the middle C key on a piano vibrates the associated wire at a rate of approximately 260 times per second or 260 Hertz. The vibration of the wire transfers its motion to the sound board of the piano, which then vibrates at the same frequency, causing the air adjacent to the sound board to form compression and expansion waves in the air emitting outward from the sound board. When received by the human ear, this is regarded as sound. Most sounds are not pure tones but a mixture of tones of varying amplitude, frequency, and duration. The intensity of sound waves produce a sound pressure level, which is commonly measured in a unit called the Decibel. The decibel is a logarithmic measurement used to accommodate a numbering scheme that encompasses a large range of values. The logarithm is used because the human ear can detect sounds more than a million times quieter than a jet aircraft during take off. Sound Pressure Level = 20 Log10 (Measured Sound Pressure /Reference Pressure) Reference Pressure (PreJ) = O. 00002 Newton's / fineter)2 Decibel = The ratio between two quantities that are proportional to power. The commonly used unit for measuring sound pressure levels. Decibel Levels of Common Noise Sources Many different properties affect the noise level of a specific source type. For example, three lawn mowers may have three different noise levels because of differences in each specific piece of equipment. Noise level also depends on the distance from the noise source and the attenuation of the surrounding environment. Figure 1.3 provides a rough estimate of decibel levels of some common noise sources. Decibel Levels of Common Noise Sources Sound Pressure Level (dBA) 130 .................................. 120 .................................. 110 .................................. 100 .................................. 90 .................................. 60 .................................. Noise Source Jet Engine (at 25 meters) Jet Aircraft (at 100 meters) Rock and Roll Concert Pneumatic Chipper Jointer/Planer Chainsaw Heavy Truck Traffic Business Office Conversational Speech Library Bedroom Secluded Woods Whisper Figure 1.3 Using Decibels Addition and subtraction of decibels is often necessary for estimating total noise levels or background noise. Because decibels are measured using a logarithmic scale, conventional linear mathematics can not be used. The most convenient way to perform simple arithmetic functions involving logarithmic measurements is to use doubling rules. These rules provide an accurate estimate of the effect distance and multiple sources have on measured sound pressure level. Distance Attenuation Estimations When the distance is doubled from a Line source the sound level decreases three decibels. Example: If a sound level is: 70 decibels at 50 feet it will be 67 decibels at 100 feet, and 64 decibels at 200 feet. When the distance is doubled from a Point source the sound level decreases six decibels. Example: If a sound level is: 95 decibels at 50 feet it will be 89 decibels at 100 feet, and 83 decibels at 200 feet. Distance Attenuation of Noise Levels d ' 2d / 4d 95 dBA 89 dBA ,irvft ~ lOOft 200 ft 83 dBA Addition and Subtraction of Decibel Levels In many situations pertaining to noise control and monitoring, it is very useful to be able to add and subtract noise levels. A doubling of sound energy yields an increase of three decibels. It is important to note the characteristics of logarithmic addition or subtraction of decibel levels. Addition and Subtraction of Decibel Levels 1 SOURCE 2 SOURCES 4 SOURCES 8 SOURCES 50 dBA 53 dBA 56 dBA 59 dBA I I I I / \ / I I \ I / \ I / I \ / I I I N / \ / I Figure 2.1 Background or ambient noise is present in any environmental noise-monitoring situation. Background noise is considered to be all noise sources other than the noise source being inonitored. Wind may be a major source of ambient noise. The MPCA's noise test procedures state, Measurements must not be fit sustained winds or in precipitation which results in a d~fference of less than ten decibels between the background noise level and the noise source being measured. Background Noise Correction Figure 2.2 is a graph used to estimate the amount of background noise influencing a measurement, and the corresponding decibel level to be subtracted from the total measurement to determine the decibel level of the noise source being monitored. Background Noise CorrectiOn 0 1 2 3 4 5 6 7 8 9 10 Difference Between Total Noise Level and Background Noise Figure 2.2 Figure 2.2 is useful in calculating the effect background noise has on the total noise level being monitored. The background noise must be more than ten decibels below the noise level of the source being monitored to have confidence in the accuracy of the measurement. In certain instances, when a single noise source is analyzed along with other noise sources, Figure 2.2 can be used to isolate the noise source being monitored and calculate its individual noise level. This is done by measuring and recording the total noise level of all sourees. Next, the noise source to be isolated is turned off and a noise level reading is taken with all the other existing noise sources in operation. Total noise level is then subtracted from the background noise level. If, for example, the total noise level is 84 dBA, then falls to 80 dBA when the isolated source is turned off, Figure 2.2 can be used to attribute an 82 dBA noise level to that source in the absence of background noise. Human Perception Of Sound The threshold of perception of the human ear is approximately three decibels, and a five-decibel change is considered to be clearly noticeable to the ear. This is primarily due to the logarithmic measuring metric typically associated with decibels. As Figure 3.1 demonstrates, a i O-decibel change would be perceived to be twice as loud. Perceived Change bt Decibel Levels Perceived Change in Decibel Level Change in Sound Level Perceived Change to the Human Ear -+ 1 dB ......................... Not Perceptible -+ 3 dB ......................... Threshold of Perception -+ 5 dB ......................... clearly Noticeable _+ 10 dB ........................ Twice (or Half) as Loud _+ 20 dB ........................ Fourfold (4x) Change Figure 3.1 Weighting Networks Weighting networks are used in noise monitors to attenuate specific frequencies in the audio spectrum to attempt to duplicate the response of the human ear. The graph in Figure 3.2 represents the compensation of a C-weighting network, A-weighting network and the sensitivity of the ear. This illustration is useful in understanding how the ear is inefficient in the detection of lower frequencies and is very sensitive to higher frequencies. The C-weighting network is a linear network that does not noticeably vary in its amount of compensation throughout the audio spectrum. For this reason the C-weighting network represents the actual sound pressure level that is received by the sound level meter. C-weighting is used during the calibration of sound level meters to insure that the sound level displayed on the meter is invariant of the frequency of the calibrator. The human ear can not detect or "hear" lower frequencies as well as higher frequencies. The A- weighting network is used to duplicate the sensitivity of the human ear. At 100 Hertz, the A- weighting network filters out approximately 20 dB from the incoming signal before it is combined with the levels from the other frequency ranges to produce an A-weighted sound level. On the A-weighting scale, at 1000 Hertz, nothing is subtracted. Weighting Networks 10 0 -10 Relative - 20 Response (dB) - 30 - - 40 - 5O C-Weighting or Linear ighting I I I I I I I I I 20 50 100 200 500 1000 2000 5000 10,000 20,000 Frequency (Hz) Figure 3.2 10 Measurement Procedures When noise measurements are performed, an important part of site selection is the consideration of errors caused by reflecting objects. Figure 4.1 shows the effect on noise measurements of a reflective object such as a wall. Errors Caused by Reflecting Objects Sound Source Approximately 3 dBA Error 2d Reflective Surface Sound Level Meter Sound Source d Approximately 1/2 dBA Error Sound Level Meter d Reflective Surface Figure 4.1 11 NTP-1 Measurement Procedures NTP-1 MEASUREMENT PROCEDURE FOR NON-IMPULSIVE NOISE The following test procedure has been approved by the Executive Director of the Minnesota Pollution Control Agency for the measurement of non-impulsive noise. A. INSTRUMENTATION: a sound level meter and a microphone conforming to type 0, I, 2, or S specifications under ANSI S 1.4-1983; a calibrator of known frequency and level; a small screwdriver for sensitivity adjustment; microphone windscreen; noise survey form; tripod (optional) B. METEOROLOGY: Measurements must not be made in sustained winds or in precipitation which results in a difference of less than 10 decibels between the background noise level and the noise source being measured; Temperature and/or humidity conditions must be within the equipment manufacturer's specifications. C. LOCATION: Measurements must be made at or within the applicable NAC at the point of human activity nearest the noise source; Measurements must be made outdoors; Measurements must be made at least three feet off the ground and away from natural or manmade structures which would prevent an accurate measurement (barriers, houses). D. SURVEY PROCEDURE: Monitoring must be conducted for at least a one hour time period; Calibration must be performed before and after the monitoring period. Adjustments made if necessary; Sound measuring devices must use the "A" weighting and FAST response characteristics; Back~ound noise must be at least 10 decibels lower than the noise source being measured; A survey form must be completed containing date, time, location, noise source, wind speed/direction, temperature, humidity, equipment information (make, model, serial #), site sketch with the location of the noise source and measurement location (including appropriate distances), data and calibration information. A sample survey form is on the following pages. 12 NTP-2 Test Procedure NTP~2 TEST PROCEDURE MANUAL METHOD FOP, THE MEASUREMENT OF NON-IMPULSIVE NOISE The following test procedure has been approved by the Executive Director of the Minnesota Pollution Control Agency for the measurement of non-impulsive noise. (A - D Identical to NTP-1 Test Procedures) E. MANUAL MONITORING PROCEDURE: Using a hand-held sound level meter, take an instantaneous sound reading every 10 seconds and record on a "sample sheet." An example of a "sample sheet" is on the next page. Continue taking sound readings for one hour, which will give you 360 individual readings. To determine the L10, take the 36th loudest (10% of 360 = 36) individual sound reading by counting fi'om the loudest to the quietest on the "sample sheet." In the example on the next page, the L10 = 63 and is the 36th X from the top of the sheet. To determine the L50, take the 180th loudest (50% of 360 = 180) individual sound reading. In thc example, the L50 = 57 and represents t!~e 180th X from the top of the sheet. 13 SAMPLE 8C dBA 60 50 4C X x LIO XX X XXXX ~ X X X X X X X X ./~ X X x~ X x ~X X X x XX X!XIXX XIX X X X X X X XX X X X XiX X X XX X X X x xxlxx xx xx x xix x x xlxx x xx x x x x x XXlXXXXXX xxxxx;xxxx xx xx xx xxlxxx xxxxxxxxxxxxx x x b50 X x X xlxx X XlXX X X x x X x X X X x i~- xx xX XxlX xx xlxxx xxxx xxxxm-~- xx x x x x xx KiXxxXlXX x X X X X X X X X X X xlX X X X X X X X X X;X X X X X X X X~X X X X X X X X X X X X X X X:X X X X X X X X X X X X X X X X X XiX X X X X X X X X X X X XIX X X X X XX Xl}{ X X XIX XXXlXXXX xxxxlx xxx X X X X X X X X X X X!X X X X ,, X XX X X X X X'X X X,X X X X XXX;XXXX XXXXXXX X XXX XXXXXXXX XXXX Date Location 14 Manual Monitoring Data Sheet 96 8O 70 60 5O dBA 4~ Date Location NOISE SURVEY MPCA INVESTIGATOR: INSTRUMENTATION: $/N DATE: / / TIME START: TIME END: SOURCE: MONITOR LOCATION: DIAGRAM (INDICATE - NOISE SOURCE, NOISE RECEIVER, MICROPHONE LOCATION, REFLECTING OBJECTS/OBSTRUCTIONS AND DISTANCES.) Meteorological Conditions Wind Speed / Direction mph/ TEMPERATURE: CALIBRATION CALIBRATOR SERIAL NUMBER: CALIBRATION FREQUENCY: __ INITIAL: dBA FINAL: dBA Hz RESULTS: L10 dBA. L50 dBA 16 R UL ES OF THUMB WHEN A SOUND INCREASES BY 10 DECIBELS, THE SUBJECTIVE RESPONSE IS A DOUBLING OF LOUDNESS Exantple: 60 decibels to 70 decibels = twice as loud PERCEIVED CHANGE IN LOUDNESS +1 dB - +3 dB - +5 dB - +10 dB - +20 dB - UNNOTICEABLE BARELY PERCEPTIBLE QUITE NOTICEABLE SOUNDS TWICE AS LOUD SOUNDS FOUR TIMES AS LOUD WHEN THE DISTANCE IS DOUBLED FROM A "POINT" SOURCE, THE SOUND LEVEL DECREASES BY SIX DECIBELS Exantple: 50feet = 60 decibels lOO feet = 54 decibels 200feet = 48 decibels WHEN THE DISTANCE IS DOUBLED FROM A "LINE" SOURCE THE SOUND LEVEL DECREASES BY THREE DECIBELS Example: 50 feet = 70 decibels lOO feet = 67 decibels 200feet = 64 decibels DOUBLING OF ENERGY YIELDS AN INCREASE OF THREE DECIBELS Exantple: 85 decibels + 85 decibels = 88 decibels THE NOISE SOURCE BEING MEASURED SHOULD BE AT LEAST 10 DECIBELS ABOVE THE BACKGROUND NOISE LEVEL KEEP AT LEAST AS FAR AWAY FROM ANY LARGE REFLECTING OBJECT (EG., A WALL) AS FROM THE SOURCE BEING MEASURED ALL MEASUREMENTS SHOULD BE MADE WITH THE MICROPHONE AT LEAST THREE FEET ABOVE THE GROUND 17 Regulato Agencies Several agencies have noise regulations for different noise sources. Noise regulations are either source standards or receiver-based standards. Department of Natural Resources (DNR) - The Minnesota DNR has source standards for snowmobiles, motorboats, personal watercraft and off-highway vehicles. Federal Aviation Administration (FAA) - The FAA has source regulations for commercial jet engines. All commercial jet engines must meet noise emission criteria prior to being certified for flight. Federal Highway Administration (FHWA) - The'FHWA does not have actual noise standards, but has guidelines of an L10 of 70 dBA which are used to trip a federal funding mechanism for noise abatement on highway projects. Federal Raitroad Administration (FRA) - Regulation of railroad related noise is the responsibility of the FRA. Housing and Urban Development (HUD) - HUD has noise regulations that establish acceptable noise zones HUD housing projects must fall into. Occupational Safety and Health Administration (OSHA) - OSHA has regulations to protect against hearing loss in the workplace. These are "dose standards" that restrict the amount of noise an employee receives over a period of time, such as eight hours. Local Agency - A local governing agency, such as a city, may or may not have an ordinance regulating noise levels. Minnesota Pollution Control Agency (MPCA) - The MPCA has a receiver-based standard intended to limit noise levels and protect the health and welfare of the general public. 18 Noise Rules and Statutes Minnesota Noise Pollution Control Rules MINNESOTA RULES CHAPTER 7030 MINNESOTA POLLUTION CONTROL AGENCY AIR QUALITY DIVISION' NOISE POLLUTION CONTROL GENERALLY 7030.0010 INCORPORATION BY REFERENCE. For the purpose of chapter 7030, American National Standards institute, Specification for Sound Level Meters, S 1.4-1983 is incorporated by reference. This publication is available from the American National Standards Institute, 1430 Broadway, New York, N.Y. 10018 and can be found at: the offices of the Minnesota Pollution Control Agency, 1935 West County Road B-2, Roseville, Minnesota 55113; the Government Documents Section, Room 409, Wilson Library, University of Minnesota, 309 19th Avenue South, Minneapolis, Minnesota 55454; and the State of Minnesota Law Library, 25 Constitution Avenue, Saint Paul, Minnesota 55155. This document is not subject to frequent change. The Federal Highway Administration publication, Sound Procedures for Measuring Highway Noise: Final Report, FHWA-DP-45-1R (August 1981) is incorporated by reference. This publication is available from the United States Department of TransP0rtation, Federal Highway Administration, 1000 North Globe Road, Arlington, Virginia 22201 and can be found at: the offices of the Minnesota Pollution Control Agency, 1935 West County Road B-2, Roseville, Minnesota 55113; the Government Documents Section, Room 409, Wilson Library, University of Minnesota, 309 19th Avenue South, Minneapolis, Minnesota 55454; and the State of Minnesota Law Library, 25 Constitution Avenue, Saint Paul, Miimesota 55155. This document is not subject to frequent change. Statutory Authority: MS s 116.07 subds 2,4 ltistory: 11 SR43:18 SR614 7030.0020 DEFINITIONS. Subpart 1. Application. The terms used in chapter 7030 have the meanings given them in this part. Subp. 2. A-weighted. "A-weighted" means a specific weighting of the sound pressure level for the purpose of determining the human response to sound. The specific weighting characteristics and tolerances are those given in American National Standards Institute SI.4-1983, section 5.1. Subp. 3. Daytime. "Daytime" means those hours from 7:00 a.m. to 10:00 p.m. Subp. 4. dB(A). "dB(A)" lneans a unit of sound level expressed in decibels (dB) and A-weighted. Subp. 5. Decibel. "Decibel" means a unit of sound pressure level, abbreviated as dB. 19 Subp. 6. hnpulsive noise. "Impulsive noise" means either a single sound pressure peak (with either a rise time less than 200 milliseconds or total duration less than 200 milliseconds) or multiple 'sound pressure peaks (with either rise times less than 200 milliseconds or total duration less than 200 milliseconds) spaced at least by 200 millisecond pauses. Subp. 7. LI0. "LI0" means the sound level, expressed in dB(A), which is exceeded ten percent of the time for a one hour survey, as measured by test procedures approved by the commissioner. Subp. 8. L50. %50" means the sound level, expressed ill dB(A), which is exceeded 50 percent of the time for a one hoUr survey, as measured by test procedures approved by the commissioner. Subp. 9. Municipality. "Municipality" means a county; a city; a town; a regional planning and development commission established under Minnesota Statutes, chapter 473; the metropolitan council; or other govemmental subdivision of the state responsible by law for controlling or restricting land use within its jurisdiction. Subp. 10. Nighttime. "Nighttime" means those hours from 10:00 p.m. to 7:00 a.m. Subp. 11. Person. "Person" means any human being, any municipality or other governmental or political subdivision or other public department or agency, any public or private corporation, ally partnership, finn, association, or other organization, any receiver, trustee, assignee, agency, legal entity, other than a court of law, or any legal representative of' any of the foregoing, but does not include the agency. Subp. 12. Sound pressure level. "Sound pressure level", in decibels, means 20 times the logarithm to the base 10 of the ratio of the pressure to the reference pressure. The reference pressure shall be 20 micronewtons p~r square meter. Statutory Authority: MS s 116.07 subds 2,4 History: 11 SR43; L 1987 c 186s 15; 18 SR614 7030.0030 NOISE CONTROL REQUIREMENT. No person may violate the standards established in part 7030.0040, unless exempted by Minnesota Statutes, section 116.07, subdivision 2a. Any municipality having authority to regulate land use shall take all reasonable measures within its jurisdiction to prevent the establishment of land use activities listed in noise area classification (NAC) 1, 2, or 3 in any location where the standards established in part 7030.0040 will be violated immediately upon establishment of the land use. Statutory Authority: MS s 116.07 subds 2,4 History: 11 SR 43; 18 SR 614 7030.0040 NOISE STANDARDS. Subpart 1. Scope. These standards describe the limiting levels of sound established on the basis of present knowledge for the preservation of public health and welfare. These standards are consistent with speech, sleep, annoyance, and hearing conservation requirements for receivers within areas grouped according to land activities by the noise area classification (NAC) system established in part 7030.0050. However, these standards do not, by themselves, identify the limiting levels of impulsive noise needed for the preservation of public health and welfare. Noise standards in subpart 2 apply to all sources. Subp. 2. Noise standards. Noise Area Classification Da~ime Nighttime L50 LI0 L50 LI0 I 60 65 50 55 20 2 65 70 65 70 3 75 80 75 80 Statutory Authority:MS s 116.07 subds 2,4 History:Il SR 43;18 SR 614 7030.0050 NOISE AREA CLASSIFICATION. Subpart 1. Applicability. The noise area classification is based on the land use activity at the location of the receiver and determines the noise standards applicable to that land use activity unless an exception is applied under subpart 3. Subp. 2. Noise area classifications. The noise area classifications and the activities included in each classification are listed below: Noise Area Classification Land Use Activities Household Units (includes farm houses) Group quarters Residential hotels Mobile home parks or courts Transient lodging Other residential Motion picture production Medical and other health services Correctional institutions Educational services Religious activities Cultural activities and nature exhibitions Entertainment assembly Camping and picnicking areas (designated) Resorts and group camps Other cultural, entertainment, and recreational activities. Noise Area Classification Land Use Activities Railroad terminals (passenger) Railroad terminals (passenger and freight) Rapid rail transit and street railway passenger terminals Bus passenger terminals (inter city) Bus passenger terminals (local) Bus passenger terminals (inter city andlocal) Other motor vehicle transportation Airport and flying field terminals (passenger) Airport and flying field terminals (passenger and freight) Marine terminals (passenger) Marine terminals (passenger and freight) Automobile parking Telegraph message centers Transportation services and arrangements Wholesale trade Retail trade -- building materials, hardware, and farm equipment Retail trade -- general merchandise 21 Noise Area Classification Retail trade -- food Retail trade -- automotive, marine craft, aircraft, and accessories Retail trade -- apparel and accessories Retail trade -- furniture, home furnishings, and equipment Retail trade -- eating and drinking Other retail trade Finance, insurance, and real estate services Personal services Business services Repair services Legal services Other professional services Contract construction services Governmental services (except correctional institutions) Miscellaneous services (except religious activities Public assembly (except entertainment assembly and race tracks) Amusements (except fairgrounds and amusement parks) Recreational activities (except designated camping and picnicking areas) Parks. Land Use Activities Food and kindred products -- manufacturing Textile mill products -- manufacturing Apparel and other finished products made from fabrics, leather, and similar materials -- manufacturing Lumber and wood products (except furniture) -- manufacturing Furniture and fixtures -- manufacturing Paper and allied products -- manufacturing Printing, publishing, and allied industries Chemicals and allied products -- manufacturing Petroleum refining and related industries Rubber and miscellaneous plastic products -- manufacturing Stone, clay, and glass products -- manufacturing Primary metal industries Fabricated metal products -- manufacturing Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks -- manufacturing Miscellaneous manufacturing (except motion picture production) Railroad, rapid transit, and street railway transportation (except passenger terminals) Motor vehicle transportation (except passenger terminals) Aircraft transportation (except passenger terminals) Marine craft transportation (except passenger and fi'eight terminals) Highway and street right-of-way 22 Colmnunication (except telegraph message centers) Utilities Other transportation, communication, and utilities (except transportation services and arrangements) Race tracks Retail trade -- eating and drinking Fairgrounds and amusement parks Agricultural Agricultural and related activities Forestry activities and related services (including commercial forest land, timber production, and other related activities) Fishing activities and related services All other activities not otherwise listed. Noise Area Classification Land Use Activities Undeveloped and unused land area (excluding non-commercial forest development) Non commercial forest development Water areas Vacant floor area Under construction Other undeveloped land and water areas. Subp. 3. Exceptions. The noise area classification for a land use may be changed in the following ways if the applicable conditions are met. A. The daytime standards for noise area classification I shall be applied to noise area classification I during the nighttime if the land use activity does not include overnight lodging. B. The standards for a building in a noise area classification 2 shall be applied to a building in a noise area classification I if the following conditions are inet: (1) the building is constructed iu such a way that the exterior to interior sound level attenuation is at least 30 dB(A): (2) the building has year-round climate control; and (3) the building has no areas or accommodations that are intended for outdoor activities. C. The standards for a building in a noise area classification 3 shall be applied to a building in a noise area classification I if the following conditions are inet: ( 1 ) the building is constructed in such a way that the exterior to interior sound level attenuation is at least 40 dB(A); (2) the building has year-round climate control; and (3) the building has no areas or accommodations that are intended for outdoor activities. D. The standards for a building in a noise area classification 3 shall be applied to a building in a noise area classification 2 if the following conditions are inet: ( 1 ) the building is constructed in such a way that the exterior to interior sound level attenuation is at least 30 dB(A); (2) the building has year-round climate control; and (3) the building has no areas or accommodations that are intended for outdoor activities. Statutory Authority: MS s 116.07 subds 2,4 ltistory: 11 SR 43; 18 SR 614 23 7030.0060 MEASUREMENT METHODOLOGY. Subpart 1. Measurement location. Measurement of sound must be made at or within the applicable NAC at the point of human activity which is nearest to the noise source. All measurements shall be made outdoors. Subp. 2. Equipment specifications. All sound level measuring devices must meet Type O, l, 11, or S specifications under American National Standards Institute SI.4-1983. Subp. 3. Calibration. All sound level measuring devices must, at a minimum, be externally field calibrated before and after monitoring using a calibration device of lmown frequency and sound pressure level. Subp. 4. Measurement procedures. The following procedures must be used to obtain representative sound level measurements: A. Measurements must be made at least three feet offthe ground or surface and away from natural or artificial structures which would prevent an accurate measurement. B. Measurements must be made using the A-weighting and fast response characteristics of the sound measuring device as specified in American National Standards Institute SI.4-1983. C. Measurements must not be made in sustained winds or in precipitation which results in a difference of less than ten decibels between the background noise level arid the noise source being measured. D. Measurements must be made using a microphone which is protected from ambient conditions which would prevent an accurate measurement. Subp. 5. Data documentation. A summary sheet for all sound level measurements shall be completed and si~ed by the person making the measurements. At a minimum, the summary sheet shall include: A. date; B. time; C. location; D. noise source; E. wind speed and direction; F. temperature; G. humidity; It. make, model, and serial number of measuring equipment; I. field calibration results; J. monitored levels; and K. site sketch indicating noise source, measurement location, directions, distances, and obstructions. Statutory Authority: MS s 116.07 subds 2,4 History: 11 SR43; 17 SR 1279; 18 SR614 7030.0070 SOUND ATTENUATION MEASUREMENT METHODOLOGY. Subpart 1. Purpose. Sound level measurements made for assessing sound attenuation as specified in part 7030.0050, subpart 3, item B, C, or D, shall be made according to the requirements of this part. Subp. 2. Equipment. The equipment shall meet the requirements specified in part 7030.0060, subpart 2. Subp. 3. Calibration. The equipment must meet the calibration requirements specified in part 7030.0060, subpart 3. Subp. 4. Measurement procedure. The measurement procedure described in 24 FHWA-DP-45-1 R, section 8 must be used for determination of the sound attenuation. Subp. 5. Equivalent methods. Methods equivalent to those described in subpart 4 may be used provided they are approved by the commissioner of the Minnesota Pollution Control Agency. The commissioner shall approve an alternative method if the commissioner finds that the method will produce representative data and results which are as reliable as the methods specified in subpart 4. Statutory Authority: MS s 116.07 subds 2,4 History: 11 SR 43; L 1987 c 186 s 15; 18' SR 614 7030.0080 VARIANCE. If, upon written application of the responsible Person, the agency finds that by reason of exceptional circmnstances strict conformity with any provisions of any noise rule would cause undue hardship, would be unreasonable, impractical, or not feasible under the circumstances, the agency ~nay permit a variance upon the conditions and within the time limitations as it may prescribe for the prevention, control, or abatement of noise pollution in harmony with the intent of the state and any applicable federal laws. Statutory Authority: MS s 116.07 subds 2,4 History: 11 SR43; 18 SR 614 25 Minnesota Motor Vehicle Noise Litnits MINNESOTA RULES CHAPTER 7030 MINNESOTA POLLUTION CONTROL AGENCY AIR QUALITY DIVISION NOISE POLLUTION CONTROL MOTOR VEttlCLE NOISE LIMITS 7030.1000 DEFINITION. "Motor vehicle" means any self-propelled vehicle not operated exclusively upon railroad tracks and any vehicle propelled or drawn by a self-propelled vehicle and includes vehicles lmown as trackless trolleys which are propelled by electric power obtained from overhead trolley wires but not operated upon rails, except snowmobiles. Statutory Authority: MS s 116.07 subd 4 History: 18 SR 614 7030.1010 PROHIBITIONS. Subpart 1. Operation of vehicle. No person shall operate either a motor vehicle or combination of vehicles of a type subject to registration pursuant to Minnesota Statutes, chapter 168 at any time or under any condition of grade, load, acceleration, or deceleration in such a manner as to exceed the noise limits contained herein for the category of motor vehicle and speed limits specified, when tested with a measurement procedure approved by the commissioner. Subp. 2. Sale of vehicle. No person shall sell or offer for sale a new motor vehicle or combination of vehicles ora type subject to registration pursuant to Minnesota Statutes, chapter 168 which when maintained according to the manufacturer's specifications would exceed the noise limits contained herein for the category of motor vehicle and speed limits specified, when tested with a measurement procedure approved by the commissioner. Subp. 3. Modification of vehicle. No person shall modify a motor vehicle or combination of vehicles of a type subject to registration pursuant to Minnesota Statutes, chapter 168 in a manner which will amplify or increase the noise emitted by the vehicle, above the noise limits contained herein for the category of motor velficle and speed limits specified, when tested with a measurement procedure approved by the commissioner. No person shall operate a motor vehicle so modified. Subp. 4. Sale of parts. No person shall sell or offer for sale replacement or additional parts for a motor vehicle or combination of vehicles of a type subject to registration pursuant to Minnesota Statutes, chapter 168 which when installed in the vehicle will amplify or increase the noise emitted by the vehicle, above the noise limits contained herein for the category of motor vehicle and speed limits specified, when tested with a measurement procedure approved by the commissioner. No person shall operate a motor vehicle incorporating such parts. Statutory Authority: MS s 116.07 subd 4 ltistory: L 1987 c 186 s 15; 18 SR 614 7030.1020 SCOPE. 26 This chapter applies to the total noise from a vehicle or combination of vehicles of a type subject to registration pursuant to Minnesota Statutes, chapter 168 and shall not be construed as limiting or precluding the enforcement of any other provision of law relating to motor vehicle exhaust noise. Statutory Authority: MS s 116.07 subd 4 History: 18 SR 614 7030.1030 EXCEPTIONS. Vehicles under parts 7030.1050 and 7030.1060 are allowed to exceed the noise limits contained herein when performing acceleration maneuvers for safety purposes. Statutory Authority: MS s 116.07 subd 4 History: 18 SR 614 7030.1040 NOISE LIMIT FOR VEHICLES OVER 10,000 POUNDS. Motor vehicle noise limits for vehicles with a manufacturer's gross vehicle weight rating of more than 10,000 pounds and any combination of vehicles towed by such motor vehicle. 7030.1040 NOISE LIMIT FOR VEHICLES OVER 10,000 POUNDS. '~ 90 o Oistonce in Feet From the Center of the Lo~ of Tr~l A. Speed limits greater than 35 mph. B. Speed limits equal to or less than 35 mph and stationary run-up tests (for vehicles with goverued engines). For stationary run-up tests on all-paved surfaces, add 2 dBA.. C. Speed limits equal to or less than 35 mph and stationary run-up tests (for vehicles with governed engines), for vehicles manufactured on or after January I, 1978. For stationary run-up tests on all-paved surfaces, add 2 dBA. D. Speed limits equal to or less than 35 mph and stationary run-up tests (for vehicles with governed engines), for vehicles manufactured on or after January 1, 1982. For stationary run-up tests on all-paved surfaces, add 2 dBA. Statutory Authority: MS s 116.07 subd 4 History: 18 SR 614 7030.1050 MOTOR VEItICLE NOISE LIMITS FOR MOTORCYCLES. 7030.1050 27 '"" 90 ._ _J ' Distance in Feel From the Center oF th. L.~ of Travel A. For vehicles manufactured before January 1, 1975. B. Speed limits greater than 35 InPh for vehicles manufactured on or after January 1, 1975. C. Speed limits equal to or less than 35 mph for vehicles manufactured on or after January 1, 1975. Statutory Authority: MS s 116.07 subd 4 History: 18 SR 614 7030.1060 NOISE LIMITS FOR OTHER VEHICLES. Motor vehicle noise limits for any other motor vehicle not included under parts 7030.1040 and 7030.1050 and any combination of vehicles towed by such motor vehicle. 1oo 6010 2 $ 4 55T~9~0 2 ~ ¢ 55789lO00 Distance in F'eef Fram lhe Center of the Lone of Travel Statutory Authority: MS s 116.07 subd 4 History: 18 SR 614 28 Minnesota Motorboat Noise Limits MINNESOTA STATUTES CHAPTER 86B MINNESOTA DEPARTMENT OF NATURAL RESOURCES BOAT AND WATER SAFETY RULES MOTORBOAT NOISE LIMITS 86B.321 NOISE LIMITS. Subdivision 1. Operation in excess of noise limits prohibited. A person may not operate a motorboat under any condition of load, acceleration, or deceleration in a manner that exceeds the noise limits contained in subdivision 2. Subd. 2. Noise Limits. (a) The noise limits for the total noise from the marine engine or motorboat may not exceed: (1) for lnarine engines or motorboats manufactured before January 1, 1982, a noise level of 84 decibels on the A scale measured at a distance of 50 feet from the motorboat or equivalent noise levels at other distances as specified by the cmmnissioner; and (2) for marine engines or motorboats manufactured on or after January 1, 1982, a noise level of 82 decibels on the A scale measured at a distance of 50 feet from the motorboat or equivalent noise levels at other distances as specified by the commissioner. (b) The noise limits in para~aph (a) do not preclude enforcement of other laws relating to motorboat noise. Subd. 3. Applicability. The provisions of this section do not apply to motorboats operating unde~ a permit issued under section 86B. 121 or a United States coast guard marine event permit in a regatta or race while on trial runs or while on official trials for speed records during the time and in the desi~ated area authorized by the permit. 86B.521 MOTORBOAT NOISE CONTROL. Subdivision 1. Exhaust muffling system required. A motor may not be used on a motorboat unless it is equipped with an efficient muffler, underwater exhaust, or other device that adequately muffles or suppresses the sound of the exhaust of the motor so as to prevent excessive or unusual noise. A motor may not be equipped with a cut-out. Subd. 2. Sale of motor that exceeds noise limits prohibited. A person may not sell or offer for sale a new marine engine or motorboat that would exceed the noise limits contained in section 86B.321, subdivision 2, under.a test procedure approved by the cmmnissioner if the motor is maintained according to the manufacturer's specifications. Subd. 3. Modification of engine to exceed noise limits prohibited. (a) A person may not modify a marine engine or motorboat in a manner that will amplify or increase the noise emitted by the marine engine or motorboat above the noise limits contained in section 86B.321, subdivision 2, under a test procedure approved by the commissioner. (b) A person may not operate a motorboat with an engine modified to increase noise above the noise lhnits. Subd. 4. Sale of parts that cause excessive noise. (a) A person may not sell or offer for sale replacement or additional parts for a marine engine or motorboat which when installed in the marine engine or motorboat will amplify or increase the noise emitted by the marine engine or motorboat above the noise limits contained in section 86B.321, subdivision 2, under a test procedure approved by the cmmnissioner. (b) A person may not operate a motorboat incorporating parts prohibited to be sold under paragraph (a). 29 Subd. 5. Applicability. The provisions of this section do not apply to motorboats operating under a permit issued under section 86B. 121 or a United States Coast Guard marine event permit in a regatta, or race, while on trial runs, or while on official trials for speed records during the time and in the designated area authorized by the permit. Minnesota Snowmobile Noise Limits MINNESOTA STATUTES CHAPTER 84.871 MINNESOTA DEPARTMENT OF NATURAL RESOURCES MINNESOTA SNOWMOBILE NOISE RULES AND REGULATIONS SNOWMOBILE NOISE LIMITS 84.871 MUFFLERS. Except as provided in this section, every snowmobile shall be equipped at all times with a muffler in good working order which blends the exhaust noise into the overall snowmobile noise and is in constant operation to prevent excessive or unusual noise. The exhaust system shall not emit or produce a sharp popping or crackling sound. This section does not apply to organized races or similar competitive events held on (1) private lands, with the pemfission of the owner, lessee, or custodian of the land; (2) public lands and water under the jurisdiction of the conunissioner of natural resources, with the cmmnissioner's permission; or (3) other public lands, with the consent of the public agency owning the land. No person shall have for sale, sell, or offer for sale on any new snow~mobile any muffler that fails to comply with the specifications required by the rules of the co~ranissioner after the effective date of the rules. HIST:I969 c 695 s 9; 1969 c 1129 art 10 s 2; 1985 c 248 s 70 MINNESOTA RULES 6100.5700 MINNESOTA DEPARTMENT OF NATURAL RESOURCES MINNESOTA SNOWMOBILE NOISE RULES AND REGULATIONS SNOWMOBILE NOISE LIMITS 6100.5700 REQ U IRED EQUIPMENT. Subpart 5. Mufflers. Mufflers: A. No person shall operate a snoWtnobile unless it is equipped with a muffler as required by law and these rules, except that snowmobiles may be operated in organized events as authorized by Minnesota Statutes, section 84.871, without such a muffler. B. No snowmobile manufactured on or after June 30, 1970, and before February 1, 1972, for sale in Minnesota, except snowmobiles designed for competition purposes only, shall be sold, or offered for sale, unless it is equipped with a muffler that limits engine noise to not more than 86 decibels on the A scale at 50 feet. C. No snowmobile manufactured on or after February 1, 1972, for sale in Minnesota - except snowmobiles desigamd for competition purposes °nly, shall be sold, or offered for sale, unless it is · equipped with a muffler that limits engine noise to not more than 82 decibels on the A scale at 50 feet. D. No snowmobile manufactured on or after April 1, 1975, except a snovnnobile designed for competition purposes only, shall be sold, offered for sale, or operated in Minnesota unless it is so equipped and has been certified by the manufacturer to conform to a sound level limitation of not more than 78 decibels on the A scale at 50 feet as originally equipped. E. In certifying that a new snowmobile complies with the noise limitation requirements of this rule, a manufacturer shall make such a certification based on measurements made in accordance with the SAE 30 Recommended Practice J 192(a), as set forth in the Report of the Vehicle Sound Level Committee, as approved by the Society of Automotive Engineers September 1970 and revised November 1973. F. No snovnnobile shall be sold or offered for sale in Minnesota unless its maker has previously furnished the commissioner with a certificate of compliance certifying that all snowmobiles made by that maker meet or exceed the applicable noise level restrictions established by these rules. The certification of COlnpliance shall be in the form of a "Snowmobile Safety Certification Committee" label conspicuously attached to the machine showing certification by the Snowmobile Safety and Certification -Committee, Inc., or a label showing compliance with Snowmobile Safety Certification Committee standards accompanied by a letter containing test results of an evaluation of noise levels by a competent independent testing laboratory. Snowmobiles intended for competition purposes only shall be exempt from this part provided a separate placard identifying that such snowmobile is not so equipped is conspicuously and permanently affixed thereto. G. Except for organized events as authorized by Mim~esota Statutes, section 84.871, no snowmobile shall be modified by any person in any manner that shall amplify or otherwise increase total noise level above that emitted by the snowmobile as originally equipped, regardless of the date of manufacture. MS s 84.868 SR 1859 31 Manual Monitoring Data Sheet 5 ] -I ~,× X ',/x x'x x x',xx x×'x xxxr',x'xx ,x x, xx ~ x~ ~xx x.x x××× ,',; x~ ~',,,X:,, XK XX× XX X ×X,X X'X XYX 34X'~X KX~,X ' ' Xx×xxxK i 90 80 70 dBA 65 55 5O 45 40 15 NOISE SURVEY MPCA INVESTIGATOR: ~ INSTRUMENTATION: S/N SOURCE: [P..I~L.~ MONITOR LOCATION: ara DIAG~M (~DICATE - NOISE SOURCE, NOISE ~CEI~ MICROPHONE LOCATION, ~FLECT~G OBJECTS/OBSTRUCTIONS A~ DISTANCES.) DATE:6~ TIME START: ~i.~. TIME END: /~-..'~. Meteorological Conditions Wind Speed / Direction ~ ,~ [0 mph/ TEMPERATURE:"~ O. CALIBRATION CALIBRATOR SERIAL NUMBER: __ CALIBRATION FREQUENCY:__ INITIAL: ~> dBA FINAL: 15 t~ dBA Hz RESULTS: L10 ~I~dBA LSO~ dBA 16 Sheet1 Lewis Engineering Noise Monitoring L10 L50 L10 L50 Comparison to Comparison to Date Time dBA dBA Standard Standard Standard Standard 16-Jun-99 16:00:00 61 48 65 60 -4 -12 16-Jun-99; 17:00:00 57 47 65 60 -8 -13 16-Jun-99i 18:00:00 58 45 65 60 -7 -15 16-Jun-99 19:00:00 52 47 65 60 -13 -13 16-Jun-99 20:00:00 49 46 65 60 -16 -14 16-Jun-99 21:00:00 50 45 65 60. -15 -15 16-Jun-99 22:00:00 48 46 55 50 -7 -4 16~Jun-99 23:00:00 49 47 55 50 -6 -3 17-Jun-99 0:00:00 49 47 55 50 -6 -3 17-Jun-99 1:00:00 47 45 55 50 -8 -5 17-Jun-99 2:00:00 47 45 55 50 -8 -5 17-Jun-99 3:00:00 46 44 55 50 -9 -6 17-Jun-99 4:00:00 54 46 55 50 -1 -4 17-Jun-99 5:00:00 56 48 55 50 1 -2 17-Jun-99 6:00:00 57 50 55 50 2 0 17-Jun-99 7:00:00 52 49 65 60 -13 -11 17-Jun-99 8:00:00 53 49 65 60 -12 -11 17-Jun-99 9:00:00 52 48 65 60 -13 -12 17-Jun-99 10:00:00 53 48 65 60 -12 -12 17-Jun-99 11:00:00 50 45 65 60 -15 -15 17-Jun-99 12:00:00 53 48 65 60 -12 -12 17-Jun-99 13:00:00 56 49 65 60 -9 -11 17-Jun-99 14:00:00 49 45 65 60 -16 -15 17-Jun-99 15:00:00 51 45 65 60 -14 -15 17-Jun-99 16:00:00 58 49 65 60 -7 -11 17-Jun-99 17:00:00 56 49 65 60 -9 -11 17-Jun-99 18:00:00 58 49 65 60 -7 -12 17-Jun-99 19:00:00 57 48 65 60 -8 -12 17-Jun-99 20:00:00 51 47 65 60 -14 -13 17-Jun-99 21:00:00 51 48 65 60 -14 -12 17-Jun-99 22:00:00 50 47 55 50 -6 -3 17-Jun-99 23:00:00 50 48 55 50 -5 -2 18-Jun-99 0:00:00 51 49 55 50 -4 -2 18-Jun-99 1:00:00 50 48 55 50 -5 -2 18-Jun-99 2:00:00 46 45 55 50 -9 -6 18-Jun-99 3:00:00 45 44 55 50 -10 -6 18-Jun-99 4:00:00 49 45 55 50 -6 -5 18-Jun-99 5:00:00 48 46 55 50 -7 -4 18-Jun-99 6:00:00 52 48 55 50 -3 -2 18-Jun-99 7:00:00 54 51 65 60 -11 -9 18-Jun-99 8:00:00 56 52 65 60 -9 -8 18-Jun-99 9:00:00 56 52 65 60 -9 -8 18-Jun-99 10:00:00 60 53 65 60 -6 -7 18-Jun-99 11:00:00 59 52 65 60 -7 -8 18-Jun-99 12:00:00 57 51 65 60 -8 -10 18-Jun-99 13:00:00 58 52 65 60 -7 -8 Page 1 Sheet1 118-Jun-991 14:oo:oo I 58 I 49 I 65 t 60 I -7 Page 2