Balance of 4M & 4MP Money Market Fund as of 3/31/2019.

3/31/2019 4M & 4MP Funds Money Market Fund $2,275.72 $1,217,880.05

4MP Account balance as of 4/30/2019.

4MP Account Balance $1,217,455.64

treasurer_4m_4mp_balance

Treasurer's Report 4M/4MP money market fund balance as of February 28, 2019. Bucket: 4M & 4MP Funds money market balance

Balance in 4M & 4MP Funds Money Market Fund as of 2/28/2019.

2/28/2019 4M & 4MP Funds Money Market Fund $2,065.19 $1,215,604.33

F8

Non-selected bid received for the 2019 Road Improvement Projects. Bucket: Park Construction Company

Bid amount submitted by Park Construction Company for 2019 road improvement projects

WHEREAS, pursuant to an advertisement for bids for the 2019 Road Improvement Projects (Old Viking Boulevard, Halas Street, Garnet Street, Meadows of Verde Valley Addition and Rolling Hills), bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: North Valley, Inc. $1,075,157.60 OMG Midwest, Inc. $1,186,040.00 Park Construction Company $1,212,378.84 Asphalt Surface Technologies Corp. $1,258,977.67

Total bid amount from Park Construction Company for 2019 Street Improvements.

Bids were received and opened on April 16, 2019, for the 2019 Street Improvements. A total of 4 bids were received as shown on the attached Bid Tabulation and as listed below: North Valley, Inc $1,075,157.60 OMG Midwest, Inc. $1,186,040.00 Park Construction Company $1,212,378.84 Asphalt Surface Technologies, Corp. $1,258,977.67

Bid submitted by Park Construction Company for 2019 Road Improvement Projects.

Park Construction Company $1,212,378.84

F3

Park Construction Company bid total listed for comparison. Bucket: 2019 Street Improvements total bid

Total bid from Park Construction Company for 2019 Street Improvements.

Bids were received and opened on April 16, 2019, for the 2019 Street Improvements. A total of 4 bids were received as shown on the attached Bid Tabulation and as listed below: North Valley, Inc $1,075,157.60 OMG Midwest, Inc. $1,186,040.00 Park Construction Company $1,212,378.84 Asphalt Surface Technologies, Corp. $1,258,977.67

Park Construction Company total bid for all 2019 Street Improvements.

SUMMARY OF BIDDING: Total Bid Schedule "A" ... TOTAL: $1,212,378.84

Phone wire purchase into 4M Fund.

Phone Wire Purchase $1,211,670.80 $1.00 1,211,670.800

F-5

Council discussed whether the current package of road projects, described as $1.2 million worth of projects, was large enough to attract good bids. Bucket: 2019 road project bid package

F7

Non-selected bid received for the 2019 Road Improvement Projects. Bucket: OMG Midwest, Inc.

Bid amount submitted by OMG Midwest, Inc. for 2019 road improvement projects

WHEREAS, pursuant to an advertisement for bids for the 2019 Road Improvement Projects (Old Viking Boulevard, Halas Street, Garnet Street, Meadows of Verde Valley Addition and Rolling Hills), bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: North Valley, Inc. $1,075,157.60 OMG Midwest, Inc. $1,186,040.00 Park Construction Company $1,212,378.84 Asphalt Surface Technologies Corp. $1,258,977.67

Total bid amount from OMG Midwest, Inc. for 2019 Street Improvements.

Bids were received and opened on April 16, 2019, for the 2019 Street Improvements. A total of 4 bids were received as shown on the attached Bid Tabulation and as listed below: North Valley, Inc $1,075,157.60 OMG Midwest, Inc. $1,186,040.00 Park Construction Company $1,212,378.84 Asphalt Surface Technologies, Corp. $1,258,977.67

F2

OMG Midwest, Inc. bid total listed for comparison. Bucket: 2019 Street Improvements total bid

Total bid from OMG Midwest, Inc. for 2019 Street Improvements.

Bids were received and opened on April 16, 2019, for the 2019 Street Improvements. A total of 4 bids were received as shown on the attached Bid Tabulation and as listed below: North Valley, Inc $1,075,157.60 OMG Midwest, Inc. $1,186,040.00 Park Construction Company $1,212,378.84 Asphalt Surface Technologies, Corp. $1,258,977.67

Bid submitted by OMG Midwest, Inc. for 2019 Road Improvement Projects.

OMG Midwest, Inc. $1,186,040.00

OMG Midwest, Inc. total bid for all 2019 Street Improvements.

SUMMARY OF BIDDING: Total Bid Schedule "A" ... TOTAL: $1,186,040.00

Balance of 4M & 4MP Funds Money Market Fund as of 6/30/2019.

6/30/2019 4M & 4MP Funds Money Market Fund Balance $1,131,295.66

Total balance for 4M and 4M Plus accounts as of June 30, 2019.

<tr> <td>TOTAL 4M AND 4M PLUS</td> <td></td> <td>$1,131,295.66</td> </tr>

September 2019 General Fund YTD disbursements

September 2019 financial report, General Fund total disbursements year to date. Bucket: General Fund disbursements year to date

Market value of 4MP account as of 6/30/2019.

4MP Account Balance $1,128,762.80 Rate 2.160%

Ending balance for 4M Plus account as of June 30, 2019.

<tr> <td>Ending Balance</td> <td>$2,532.86</td> <td>$1,128,762.80</td> </tr>

Total balance for 2019 Road Improvements Fund.

<td>2019 Road Improvements</td> <td>0.00</td> <td>1,477,290.68</td> <td>0.00</td> <td>0.00</td> <td>384,009.34</td> <td>565,000.00</td> <td>0.00</td> <td>528,281.34</td> <td>565,000.00</td> <td>1,093,281.34</td>

F6

Lowest responsible bid accepted for the 2019 Road Improvement Projects, contingent on contract entry and attorney approval. Bucket: North Valley, Inc.

Accepted bid amount for 2019 road improvement projects awarded to North Valley, Inc.

WHEREAS, pursuant to an advertisement for bids for the 2019 Road Improvement Projects (Old Viking Boulevard, Halas Street, Garnet Street, Meadows of Verde Valley Addition and Rolling Hills), bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: North Valley, Inc. $1,075,157.60 OMG Midwest, Inc. $1,186,040.00 Park Construction Company $1,212,378.84 Asphalt Surface Technologies Corp. $1,258,977.67 WHEREAS, it appears that North Valley, Inc. is the lowest responsible bidder at $1,075,157.60. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF NOWTHEN, ANOKA COUNTY, MINNESOTA: 1. The bid of North Valley, Inc. in the amount of $1,075,157.60 is hereby accepted contingent on North Valley, Inc. entering into a contract with the City.

Total bid amount from North Valley, Inc. for 2019 Street Improvements.

Bids were received and opened on April 16, 2019, for the 2019 Street Improvements. A total of 4 bids were received as shown on the attached Bid Tabulation and as listed below: North Valley, Inc $1,075,157.60 OMG Midwest, Inc. $1,186,040.00 Park Construction Company $1,212,378.84 Asphalt Surface Technologies, Corp. $1,258,977.67 It was found that North Valley, Inc. of Nowthen, Minnesota is the low bidder with a Total Bid of $1,075,157.60.

Bid amount for 2019 Road Improvement Projects by North Valley, Inc.

Engineer Shane Nelson presented the bids, tabulation and assessment Calculation worksheet. Lowest bidder was North Valley, Inc. with a bid of $1,075,157.60. This includes the increase in bituminous costs.

F1

North Valley, Inc. was the low bidder; the council discussed the bid but did not award the contract at this meeting. Bucket: 2019 Street Improvements total bid

Lowest bid for 2019 Road Improvement Projects contract (North Valley, Inc.).

Engineer Shane Nelson presented the bids, tabulation and assessment Calculation worksheet. Lowest bidder was North Valley, Inc. with a bid of $1,075,157.60. This includes the increase in bituminous costs. He will recommend to award contract to North Valley in the future after the Assessment Hearing. No action will be taken on this project tonight. Just information gathering.

Lowest bid for 2019 Road Improvement Projects.

Engineer Shane Nelson presented the bids, tabulation and assessment Calculation worksheet. Lowest bidder was North Valley, Inc. with a bid of $1,075,157.60. This includes the increase in bituminous costs. He will recommend to award contract to North Valley in the future after the Assessment Hearing.

Total bid from North Valley, Inc. for 2019 Street Improvements.

Bids were received and opened on April 16, 2019, for the 2019 Street Improvements. A total of 4 bids were received as shown on the attached Bid Tabulation and as listed below: North Valley, Inc $1,075,157.60 OMG Midwest, Inc. $1,186,040.00 Park Construction Company $1,212,378.84 Asphalt Surface Technologies, Corp. $1,258,977.67

Lowest responsible bid for 2019 Road Improvement Projects awarded to North Valley, Inc.

WHEREAS, it appears that North Valley, Inc. is the lowest responsible bidder at $1,075,157.60.

Acceptance of North Valley, Inc. bid for 2019 Road Improvement Projects, pending contract execution.

The bid of North Valley, Inc. in the amount of $1,075,157.60 is hereby accepted contingent on North Valley, Inc. entering into a contract with the City.

North Valley, Inc. total bid for all 2019 Street Improvements.

SUMMARY OF BIDDING: Total Bid Schedule "A" $739,230.33 ... TOTAL: $1,075,157.60

Original contract price for 2019 Street Improvement Project with North Valley, Inc.

1. ORIGINAL CONTRACT PRICE $ $1,075,157.60

Receipts to General Fund for the period.

<td>General Fund</td> <td>513,735.37</td> <td>1,054,765.77</td> <td>241,578.75</td> <td>0.00</td> <td>1,348,148.32</td> <td>950,000.00</td> <td>76,140.53</td> <td>(564,208.96)</td> <td>850,000.00</td> <td>285,791.04</td>

Road & Bridge Fund balance as of 6/30/2019.

Road & Bridge Beginning Balance 1,030,414.69 Receipts 0.00 Sale of Investments 0.00 Transfers In 0.00 Disbursements 0.00 Purchase of Investments 0.00 Transfers Out 0.00 Ending Balance 1,030,414.69 Investment Balance 0.00 Total Balance 1,030,414.69

Payment for crack sealing in 2019.

04/12/2019 Asphalt Concrete Crack sealing, 2019 - 30% 1340 29572 Yes $10,021.17 100-43121-405 $10,021.17

F-6

Engineer described the five postponed road projects as just over one million dollars in projects, with additional cost possible if Krypton-area work were expanded. Bucket: Resolutions 2018-70 through 2018-74 postponed road projects

September 2019 General Fund YTD receipts

September 2019 financial report, General Fund total receipts year to date. Bucket: General Fund receipts year to date

2019A G.O. Improvement Bonds 4M ending balance

2019 G.O. Improvement Bonds money market fund balance. Bucket: 2019A G.O. Improvement Bonds 4M account

Ending balance in 4M Fund as of July 31, 2019.

ENDING BALANCE $956,828.23

Market value of 4M Account Balance as of July 31, 2019.

4M Account Balance $956,828.23 2.070% $956,828.23 $956,828.23

Balance in 2019 AGO Improvement Bonds Money Market Fund as of July 31, 2019.

7/31/2019 2019 AGO Improvement Bonds Money Market Fund (see attached 4M Fund Current Portfolio) $ 956,828.23

Claims total approved on consent agenda

Checks to be generated by the computer in the claims packet approved under the consent agenda. Bucket: August 2019 claims total

Purchase of investments from General Fund.

<td>General Fund</td> <td>513,735.37</td> <td>1,054,765.77</td> <td>241,578.75</td> <td>0.00</td> <td>1,348,148.32</td> <td>950,000.00</td> <td>76,140.53</td> <td>(564,208.96)</td> <td>850,000.00</td> <td>285,791.04</td>

Receipts to General Fund for the period ending July 31, 2019.

General Fund 513,735.37 933,048.57 241,578.75 0.00 756,936.25 250,000.00 76,140.53 605,285.91 250,000.00 855,285.91