On the agenda: Hopkins meeting — DATA CENTER (May 5)

HOPKINS CITY COUNCIL
AGENDA
Tuesday, May 5, 2026
6:30 pm
THIS AGENDA IS SUBJECT TO CHANGE
UNTIL THE START OF THE CITY COUNCIL MEETING
Schedule: HRA Meeting at 6:30 p.m.

I.

CALL TO ORDER

II.

ADOPT AGENDA

III.

PRESENTATIONS
1. Proclamation Celebrating Asian American and Pacific Islander Heritage Month; Baker
2. Proclamation Recognizing May as Mental Health Awareness Month; Casella
3. Proclamation Declaring May as Bike Month; Gallagher

IV.

CONSENT AGENDA
1. Approval of Minutes of April 21, 2026, Regular Meeting Proceedings; Domeier
2. Approval of the Minutes of April 21, 2026, Closed Meeting Proceedings; Domeier
3. Approval of Hennepin County Environmental Response Fund Grant Agreement for Central Park
Improvements; Krzos
4. Ratify Checks Issued in April 2026; Bishop

V.

PUBLIC HEARINGS

VI.

OLD BUSINESS

VII.

NEW BUSINESS
1. Resolution Providing for the Issuance and Sale of General Obligation Bonds, Series 2026B, in the Aggregate
Principal Amount of Approximately $7,220,000; Bishop

VIII.

PUBLIC COMMENT

IX.

ANNOUNCEMENTS
•

X.

Next City Council Regular Meeting: Tuesday, May 19 at 6:30 p.m.

ADJOURN

Administration
CITY OF HOPKINS

City Council Report 2026-045
To:

Honorable Mayor Pro Tempore and Council Members
Mike Mornson, City Manager

From:

David Baker, Program Specialist

Date:

May 5, 2026

Subject:

Proclamation Celebrating Asian American and Pacific Islander Heritage
Month
_____________________________________________________________________

RECOMMENDED ACTION
MOTION TO Adopt a Proclamation celebrating May as Asian American and Pacific
Islander Heritage Month in Hopkins.
OVERVIEW
Annually in May, communities across the United States observe Asian American and
Pacific Islander (AAPI) Heritage Month. This is a time to reflect on the histories, cultures,
and lasting contributions of people with roots across Asia and the Pacific Islands.
In Minnesota, Asian American and Pacific Islander residents—including Hmong,
Vietnamese, Indian, Chinese, Filipino, Korean, Karen, and Pacific Islander
communities—are an integral part of our community’s long history. Their influence can be
seen in our neighborhoods, schools, businesses, and civic institutions.
This month is an opportunity not only to celebrate those contributions, but also to deepen
our understanding of the diverse cultures that make up our region. The City of Hopkins is
proud to recognize Asian American and Pacific Islander Heritage Month and the many
ways these communities enrich our shared civic life.
SUPPORTING INFORMATION
• Proclamation Celebrating May as Asian American and Pacific Islander Heritage Month

A Proclamation Celebrating Asian American and
Pacific Islander Heritage Month
WHEREAS, the City of Hopkins seeks to honor the people and traditions that contribute
to the character and vitality of our community; and
WHEREAS, Asian American and Pacific Islander (AAPI) communities encompass a wide
array of cultural backgrounds, with roots in East Asia, Southeast Asia, South Asia, and
the Pacific Islands; and
WHEREAS, Minnesota is home to dynamic and growing AAPI populations, including
Hmong, Vietnamese, Indian, Chinese, Filipino, Korean, Karen, and Pacific Islander
residents, whose presence has helped shape the social, cultural, and economic fabric of
our region; and
WHEREAS, individuals from these communities have contributed to advancements in
education, entrepreneurship, healthcare, public service, science, and the arts, while also
maintaining strong cultural traditions and community networks; and
WHEREAS, Asian American and Pacific Islander Heritage Month offers an opportunity to
reflect on these contributions, recognize the diversity within these communities, and
reaffirm a commitment to equity, inclusion, and mutual respect; and
WHEREAS, fostering awareness and appreciation of different cultural experiences
strengthens our community and supports a more connected and welcoming city; and
NOW THEREFORE, I, Brian Hunke, Mayor Pro Tempore of the City of Hopkins in the
State of Minnesota, along with my fellow Council Members, recognize, adopt, and
proclaim May as a celebration of Asian American and Pacific Islander Heritage Month
and encourage residents to take part in learning about, celebrating, and honoring the
contributions of Asian Americans and Pacific Islanders.
IN WITNESS WHEREOF, I have hereunto set
my hand and caused the Seal of the City of
Hopkins, Minnesota to be affixed this 5th day of
May in the year 2026.
__________________________________________
Brian Hunke, Mayor Pro Tempore

Administration
CITY OF HOPKINS

City Council Report 2026-044
To:

Honorable Mayor Pro Tempore and Council Members
Mike Mornson, City Manager

From:

Casey Casella, Assistant City Manager

Date:

May 5, 2026

Subject:
Proclamation Recognizing May as Mental Health Awareness Month
_____________________________________________________________________
RECOMMENDED ACTION
MOTION TO Adopt a Proclamation Recognizing May as Mental Health Awareness Month
in Hopkins.
OVERVIEW
This proclamation recognizes May 2026 as Mental Health Awareness Month in the City
of Hopkins and affirms the City’s commitment to supporting mental wellness while
acknowledging the valuable contributions of local organizations and programs that
provide mental health resources and services to the community.
SUPPORTING INFORMATION
• Proclamation Recognizing May as Mental Health Awareness Month

A Proclamation Recognizing May as Mental Health
Awareness Month
WHEREAS, mental health is essential to the overall well-being of individuals, families,
and our community, influencing how people think, feel, and act as they navigate daily life;
and
WHEREAS, one in five adults experiences a mental health condition each year, and many
more are impacted as family members, friends, and neighbors; and
WHEREAS, early intervention, prevention, and access to effective, culturally competent
care can improve outcomes and help individuals lead healthy, productive lives; and
WHEREAS, stigma and misunderstanding surrounding mental health remain barriers to
seeking help, underscoring the importance of education, open dialogue, and compassion;
and
WHEREAS, the City of Hopkins recognizes and appreciates the dedicated efforts of local
organizations, community groups, healthcare providers, and service programs that
support mental health and wellness, provide critical resources, and work to ensure that
residents have access to care and support; and
WHEREAS, Mental Health Awareness Month provides an opportunity to raise
awareness, promote understanding, and encourage individuals to seek help and support
when needed;
NOW THEREFORE, I, Brian Hunke, Mayor Pro Tempore of the City of Hopkins in the
State of Minnesota, along with my fellow Council Members, recognize, adopt, and
proclaim May as a recognition of Mental Health Awareness Month.
IN WITNESS WHEREOF, I have hereunto set
my hand and caused the Seal of the City of
Hopkins, Minnesota to be affixed this 5th day of
May in the year 2026.
__________________________________________
Brian Hunke, Mayor Pro Tempore

Planning & Economic
Development
CITY OF HOPKINS

City Council Report 2026-048
To:

Honorable Mayor and Council Members
Mike Mornson, City Manager

From:

Sam Gallagher, Associate Planner

Date:

May 5, 2026

Subject:
Proclamation Celebrating Bike Month
_____________________________________________________________________
RECOMMENDED ACTION
MOTION TO Adopt a Proclamation Declaring May as Bike Month.
OVERVIEW
Since 1956, May has been recognized as National Bike Month, and the League of
American Bicyclists has sponsored this celebration of cycling for decades to advance
the movement to build a Bicycle Friendly America for everyone. During this celebration
of bikes and the people who ride them, Hopkins and cities across the nation are called
upon to get as many people riding as possible.
This year’s Bike to Work Week is May 11th – 17th, and Friday, May 15th is Bike to Work
Day. Encouraging more people to go places by biking is beneficial to Hopkins’ social,
economic and environmental growth. Several bicycling events are scheduled during
May and throughout the year:
x Metro Transit’s Trails to the Rail event on May 9th
o Bike ride leaving from the Artery at 10 a.m. to a ribbon cutting at West
Lake Station in Minneapolis
o Trail celebration at Hopkins Downtown LRT Station from 12 to 2 p.m.
x Hopkins and Three Rivers Park District Commuter Hub to celebrate Bike to Work
Week on May 12th at the Depot from 7 to 9 a.m.
Access Hopkins is a volunteer advocacy group working to ensure biking, walking and
rolling are safe, easy and joyful for people of all backgrounds & identities. Access
Hopkins, BikeMN, Hopkins Police Department, Three Rivers Park District and Tonka
Cycle are co-hosting an Ask the Experts; E-bikes and E-motos Open House event at
the Depot on May 7th from 5 to 7 p.m. Chris Polston of Access Hopkins will attend the
City Council meeting to accept the proclamation.
The Hopkins Activity Center Senior Bike Club has started for the season. There are two
weekly group rides available:
x Active Riders on Mondays at 9:00 a.m.
x Recreational Rides on Wednesdays at 6:00 p.m.
Seniors who are interested can learn more and register for the season online.

Tonka Cycle and Ski offers Road Rides on Wednesdays, Mountain Bike Rides and
Skills Workshops on Sundays, and seminars on touring and repairs. Learn more and
register online for education and group rides.
SUPPORTING INFORMATION
x Proclamation Declaring May as Bike Month
x Hyperlink to Bike Minnesota Website

CITY OF HOPKINS

A Proclamation declaring May as Bike Month
WHEREAS, throughout the month of May, the City of Hopkins will celebrate biking and
the freedom, joy, and the well-being it imbues within use, as well as the power that more
people riding bikes has in making life better for everyone; and
WHEREAS, bicycling has been shown to improve community health, well-being, and
quality of life, growing the economy of the City of Hopkins, attracting tourism dollars and
local business spending, and reducing pollution, congestion and parking costs on our
streets and roads; and
WHEREAS, Hopkins is fortunate to have five Regional bike trails converging in Hopkins
and robust local pedestrian and biking infrastructure, resulting in a bike score of 70 and
is recognized by the League of American Bicyclists as a Bronze-level Bicycle Friendly
Community; and
WHEREAS, Access Hopkins, schools, parks and recreation departments, businesses
and civic groups will be joining the League of American Bicyclists in promoting bicycling
during the month of May 2026; and
WHEREAS, these groups are also promoting the use of the bicycle as both a means of
transportation and recreation year-round to attract more visitors to enjoy local parks and
trail systems, as well as restaurants, retail establishments, and cultural and scenic
attractions, and
WHEREAS, these groups are also promoting greater public awareness of bicycle
operations and safety education during Bike Month and year-round in an effort to
reduce collisions, injuries, and fatalities and improve health and safety for everyone on
the road.
NOW THEREFORE, I, Brian Hunke, Mayor Pro Tempore of the City of Hopkins in the
state of Minnesota, along with my fellow Council Members, recognize, adopt, and
proclaim this Proclamation to support the many benefits of bicycling as a form of
transportation and recreation in Hopkins and to encourage others to join in the special
observance.
IN WITNESS WHEREOF, I have hereunto set
my hand and caused the Seal of the City of
Hopkins, Minnesota to be affixed this 5th day
of May in the year 2025.
_____________________________________
Brian Hunke, Mayor Pro Tempore

HOPKINS CITY COUNCIL
REGULAR MEETING PROCEEDINGS
APRIL 21, 2026
CALL TO ORDER
Pursuant to due call and notice thereof a regular meeting of the Hopkins City Council was
held on Tuesday, April 21, 2026, at 6:30 p.m. in the Council Chambers at City Hall, 1010
1st Street South.
Mayor Hanlon called the meeting to order with Council Members Garrido, Goodlund,
Hunke and Kuznia attending. Others attending included City Manager Mornson, Assistant
City Manager Casella, City Clerk Domeier, Director of Planning and Development
Elverum, Sustainability Specialist Larson, Finance Director Bishop, City Engineer
Klingbeil and City Attorney Riggs.
ADOPT AGENDA
Motion by Hunke. Second by Kuznia.
Motion to Adopt the Agenda.
Ayes: Garrido, Goodlund, Hanlon, Hunke, Kuznia
Nays: None. Motion carried.
PRESENTATIONS
III.1. Proclamation Commemorating Arbor Day; Larson
Sustainability Specialist Larson summarized City Council Report 2026-035.
Motion by Hunke. Second by Garrido.
Motion to adopt a proclamation commemorating Arbor Day in Hopkins.
Ayes: Garrido, Goodlund, Hanlon, Hunke, Kuznia
Nays: None. Motion carried.
III.2. Proclamation Recognizing International Compost Awareness Week; Larson
Sustainability Specialist Larson summarized City Council Report 2026-036.
Motion by Hunke. Second by Kuznia.
Motion to adopt a proclamation Recognizing International Compost Awareness
Week.
Ayes: Garrido, Goodlund, Hanlon, Hunke, Kuznia
Nays: None. Motion carried.
III.3. Pavement Management Plan and Trunk Utility Management Program Update;
Klingbeil
City Engineer Klingbeil provided an update on the City’s Pavement Management Plan
and Trunk Utility Management Plan. The City Council supported taking a year-long
pause in projects as proposed by Mr. Klingbeil.
CONSENT AGENDA
Motion by Garrido. Second by Hunke.

HOPKINS CITY COUNCIL
REGULAR MEETING PROCEEDINGS
APRIL 21, 2026
Motion to Approve the Consent Agenda.
1. Approval of Minutes of April 7, 2026, Regular Meeting Proceedings; Domeier
2. Approval of Temporary Liquor License for BPOE Lodge 2221 DBA Hopkins
Elks Lodge; Domeier
3. Approval of Use Agreement between the City of Hopkins and Hopkins Farmers
Market; Elverum
4. Approval of Professional Services Agreement for Housing Assessment and
Strategic Funding Plan; Needham
5. Resolution Approving State Fund Program for IIJA Discretionary Grant
Assistance Terms and Conditions; Gallagher
Ayes: Garrido, Goodlund, Hanlon, Hunke, Kuznia
Nays: None. Motion carried.
NEW BUSINESS

VII.1. Approval to Release a Request for Proposals for the Sale of 907 Mainstreet;
Elverum
Director of Planning and Development Elverum summarized City Council Report 2026040. The City Council supported moving forward with the proposed RFP.
Motion by Kuznia. Second by Hunke.
Motion to approve the release of a Request for Proposals for the sale of 907
Mainstreet.
Ayes: Garrido, Goodlund, Hanlon, Hunke, Kuznia
Nays: None. Motion carried.
VII.2. Fourth Quarter Financial Update; Bishop
Finance Director Bishop provided the fourth quarter financial report based on preliminary
and unaudited results.
VII.3. Update from City Attorney on Level 3 residential requirements; Riggs
City Attorney Riggs provided information on whether the city may adopt an ordinance on
regulating where a Level III predatory offender may reside and whether there are any
other restrictions or requirements that could be included. Council Member Goodlund
requested the Police Department provide input on the ordinance. City Manager Mornson
explained how the city works with the BCA and shared Police Chief Johnson’s perspective
on that process.
ANNOUNCEMENTS
Mayor Hanlon shared the City Council meeting schedule.

HOPKINS CITY COUNCIL
REGULAR MEETING PROCEEDINGS
APRIL 21, 2026
ADJOURNMENT
There being no further business to come before the City Council, and upon motion by
Hunke, second by Goodlund, the meeting was unanimously adjourned at 7:50 p.m.
Respectfully Submitted,
Amy Domeier, City Clerk

HOPKINS CITY COUNCIL
CLOSED MEETING PROCEEDINGS
APRIL 21, 2026

CALL TO ORDER
Pursuant to due call and notice thereof a closed of the Hopkins City Council was held on
Tuesday, April 21, 2026, at 8:02 p.m. in the Raspberry Room at City Hall, 1010 P1 Street
South.

Mayor Hanlon called the meeting to order with Council Members Garrido, Goodlund,
Hunke and Kuznia attending. Others attending included City Manager Mornson, City
Clerk Domeier, Director of Planning and Development Elverum, Finance Director Bishop,
Financial Advisor Stacie Kvilvang and City Attorneys Riggs and Alsop.
Motion by Hunke. Second by Garrido.
Motion to go into closed session pursuant to Minnesota Statutes, Sections
13D.05, subdivision 3(b ), to conduct a closed session pursuant to the attorney­
client privilege to engage in confidential attorney-client communications and
litigation strategy related to a pending litigation matter: Alatus Development LLC
vs. Minnehaha Creek Watershed District, Hennepin County District Court File No.
27-CV-25-8066.
Ayes: Garrido, Goodlund, Hanlon, Hunke, Kuznia
Nays: None. Motion carried.
Motion by Kuznia. Second by Garrido.
Motion to go out of closed session.
Ayes: Garrido, Goodlund, Hanlon, Hunke, Kuznia
Nays: None. Motion carried.
ADJOURNMENT
There being no further business to come before the City Council, and upon
motion by Goodlund, second by Garrido, the meeting was unanimously adjourned at
8:53 p.m.
Respectfully Submitted,

UMXUttVl

Amy Domeier, City Clerk

Planning & Development
CITY OF HOPKINS

City Council Report 2026-049
To:

Honorable Mayor and Council Members
Mike Mornson, City Manager

From:

Ryan Krzos, City Planner

Date:

May 5, 2026

Subject:

Approve Hennepin County Environmental Response Fund Grant
Agreement for Central Park Improvements
_____________________________________________________________________
RECOMMENDED ACTION
MOTION TO approve Hennepin County Environmental Response Fund Grant
Agreement for grant agreement for Central Park Improvements.
OVERVIEW
The Hennepin County Environmental Response Fund (ERF) is a grant program which
helps reuse contaminated sites where the added cost of environmental cleanup is a
barrier to improvements or redevelopment. Projects are evaluated on project need, the
risk posed by the contamination and the appropriateness of the cleanup approach,
creation or preservation of affordable and/or moderately priced market-rate housing, the
fostering of economic development, and the readiness of the project to proceed.
The City was notified that we would be receiving $800,000 in funding from the ERF. The
funding will be used specifically for regulated soil mitigation and removal associated
with the project. This award represents a significant investment, both historically within
the program and among this grant cycle’s recipients. The Grant Agreement has been
reviewed by the City Attorney.
SUPPORTING INFORMATION
• Grant Agreement

Grant No. PR00008172

ENVIRONMENTAL RESPONSE FUND GRANT AGREEMENT
BETWEEN THE “CITY OF HOPKINS” AND
HENNEPIN COUNTY ENVIRONMENT AND ENERGY DEPARTMENT
This Grant Agreement (“Agreement”) is between the County of Hennepin, State of Minnesota,
A2300 Government Center, Minneapolis, MN 55487, on behalf of the Hennepin County
Environment and Energy Department, 300 South 6th Street, MC 679, Minneapolis, MN 55487
(“COUNTY”) and CITY OF HOPKINS (“GRANTEE”), a Minnesota municipal corporation,
located at 1010 1st Street South, Hopkins, Minnesota, 55343.
The parties agree as follows:
1. TERM AND AMOUNT OF GRANT
This Agreement shall commence following execution by all parties. GRANTEE shall
complete all Grant Requirements, as defined below, and submit all required documentation
within two (2) years after Agreement execution, unless this Agreement is terminated earlier
in accordance with the provisions herein.
In accordance with the provisions herein, COUNTY’s total disbursements to GRANTEE
under this Agreement shall not exceed Eight Hundred Thousand Dollars and no/100
($800,000.00) (“Grant Funds”).
2. GRANT REQUIREMENTS
GRANTEE shall complete its Environmental Response Fund project (“Project”) for the
cleanup at the Central Park Improvements & Pavillion Expansion project site located at
11100 Excelsior Boulevard, 1600 Main Street, and 101 16th Avenue South in Hopkins,
Minnesota, consistent with the Project description and eligible activities listed in Section
23 (“Grant Requirements”). The Grant Requirements are more fully described in
GRANTEE’s Project Application on file with COUNTY and incorporated into this
Agreement by reference, or as otherwise agreed to by COUNTY in writing.
GRANTEE shall submit annual reports on forms provided by COUNTY describing the
distribution of funds and the progress of the Project covered from the date of the grant
award through June 30 of each year. The reports must be received by COUNTY no later
than July 25 of each year. The reports shall identify specific goals listed in the application
and quantitatively measure the progress of such goals. In addition, the required
documentation listed in Section 24 should be supplied as it becomes available.
In addition to the reporting requirements above, within thirty (30) days after COUNTY’s
request, GRANTEE shall submit grant progress reports to the COUNTY in the manner
directed by COUNTY and which may include summarizing activities and outcomes for the
given period, goals, objectives, activities, outcomes, challenges, lessons learned, financial
information, and/or administrative/programmatic monitoring descriptions.
ERF Grant (Revised 04/2025)

All reports provided to COUNTY under this Agreement may be used by both COUNTY
and GRANTEE. Neither party may restrict the other party’s use of any report.
Subject to the requirements of Minnesota Statutes section 16C.05, subd. 5, COUNTY, the
State Auditor, or any of their duly authorized representatives, at any time during normal
business hours, and as often as they may reasonably deem necessary, shall have access to
and the right to examine, audit, excerpt, and transcribe any books, documents, papers,
records, etc., which are pertinent to the accounting practices and procedures of GRANTEE
and involve transactions relating to this Agreement. GRANTEE shall maintain these
materials and allow access during the period of this Agreement and for six (6) years after
its expiration or termination.
3. GRANT FUNDS DISBURSEMENT
As the Grant Requirements are completed, GRANTEE shall invoice COUNTY, on a
disbursement request form provided by COUNTY, for allowable costs and payments
actually incurred by GRANTEE in performance of the Grant Requirements. GRANTEE
shall also submit receipts and other supporting documentation related to the Grant
Requirements. Administrative costs incurred by GRANTEE are not eligible for
reimbursement.
For all expenditures made pursuant to this Agreement, GRANTEE shall keep financial
records including properly executed contracts, invoices, and other documents sufficient to
evidence in proper detail the nature and propriety of the expenditures. Accounting methods
shall be in accordance with generally accepted accounting principles.
Any material change in the scope of the Project, including time schedule and budget, must
be approved in writing by COUNTY to be eligible for reimbursement with Grant Funds.
Upon COUNTY’s validation of a disbursement request form and any supporting
documentation or certifications, COUNTY shall pay invoiced and validated Grant Funds
directly to GRANTEE within six (6) weeks.
GRANTEE may submit disbursement requests monthly. The final invoice and all
supporting documentation shall be submitted within six (6) months of the expiration of this
Agreement.
Unless the parties otherwise agree, COUNTY shall have no obligation to reimburse or
pay GRANTEE any amount: (i) for any expenditures, costs, or expenses incurred prior to
the commencement date stated in Section 1 of this Agreement; or (ii) for any
expenditures, costs, or expenses that the COUNTY determines are not directly related to
the Grant Requirements.
If GRANTEE’s expenditures, costs, and expenses associated with its Project and/or the
Grant Requirements exceed the Grant Funds, GRANTEE shall be solely responsible for
payment of those amounts without reimbursement by COUNTY.
ERF Grant (Revised 04/2025)

COUNTY may withhold from any disbursement due to GRANTEE any amount which is
due and owing COUNTY under this or any other agreement between the parties due to
overpayment or as a result of an audit.
4. PARTY RELATIONSHIP
A.

GRANTEE shall select the means, method, and manner of performing Grant
Requirements. Nothing is intended nor should be construed as creating or
establishing any relationship, besides that of grantor and grantee, between the
parties. GRANTEE is not COUNTY’s vendor, contractor, agent, representative, or
employee for any purpose. GRANTEE shall secure at its own expense all personnel
and resources required in completing Grant Requirements under this Agreement.
GRANTEE’s personnel and/or subcontractors engaged to perform any activities
under this Agreement will have no contractual relationship with COUNTY and will
not be considered employees of COUNTY.

B.

If GRANTEE enters into any agreement with any entity to provide goods or
services related to GRANTEE’s performance of the Grant Requirements,
GRANTEE shall memorialize that relationship with a written and duly executed
agreement with said entity. That agreement will include, at minimum, the following
provisions:
(i)
(ii)
(iii)

(iv)

Neither GRANTEE nor the engaged entity is acting as agent(s) for
the County of Hennepin, State of Minnesota;
The parties expressly agree that the County of Hennepin, State of
Minnesota, is not a party to their agreement;
The County of Hennepin, State of Minnesota is not responsible or
liable for any duty or obligation under their agreement, including
but not limited to paying any amount whatsoever under the
agreement; and
Contractors shall comply with all applicable State and Federal laws
and regulations regarding employment and workplace safety.

5. NON-DISCRMINATION
In accordance with COUNTY’s policies against discrimination, GRANTEE shall not
exclude any person nor prohibit their participation in or the benefits of any program,
service, or activity related to this Agreement on the grounds of any protected status or
class, including but not limited to race, color, creed, religion, national origin, sex, gender
expression, gender identity, age, disability, marital status, sexual orientation, or public
assistance status. No person who is protected by applicable law against discrimination
shall be subjected to discrimination.
6. AFFIRMATIVE ACTION
Intentionally omitted.
ERF Grant (Revised 04/2025)

7. INDEMNIFICATION
GRANTEE shall defend, indemnify, and hold harmless COUNTY, its present and former
officials, officers, agents, volunteers and employees from any liability, claims, causes of
action, judgments, damages, losses, costs, or expenses, including attorney’s fees, resulting
directly or indirectly from any act or omission of GRANTEE, its subgrantees, contractors,
or subcontractors, anyone directly or indirectly employed by them, and/or anyone for
whose acts and/or omissions they may be liable in the performance of the Grant
Requirements in this Agreement, and against all loss by reason of the failure of GRANTEE
to perform any obligation under this Agreement. For clarification and not limitation, this
obligation to defend, indemnify and hold harmless includes but is not limited to any
liability, claims or actions resulting directly or indirectly from alleged infringement of any
copyright or any property right of another, the employment or alleged employment of
GRANTEE personnel, the unlawful disclosure and/or use of protected data, or other
noncompliance with the requirements of these provisions.
8. INSURANCE
With respect to the activities performed pursuant to this Agreement, GRANTEE shall
maintain, or shall require its subgrantees or contractors to maintain, insurance of the types,
and in the forms and amounts described below from insurer(s) authorized to transact
business in the state where services or operations will be performed. The insurance
requirements described below shall be maintained uninterrupted for the duration of this
Agreement and beyond such term when so required, and shall cover GRANTEE, and others
for whom and/or to whom GRANTEE may be liable, for liabilities in connection with
activities performed in connection with this Agreement. GRANTEE shall have, or require
its subgrantee or contractors, as applicable, to have and keep in force the following
minimum insurance coverages or GRANTEE’s actual insurance limits for primary
coverage and excess liability or umbrella policy limits, whichever is greater:
1.

Commercial General Liability on an occurrence basis with Contractual Liability Coverage:
General Aggregate
Products-Completed Operations Aggregate
Personal and Advertising Injury
Each Occurrence –
Combined Bodily Injury and Property Damage

2.

Automobile Liability – Combined single limit each occurrence for
bodily injury and property damage covering owned, non-owned, and hired
automobiles.

3.

Workers' Compensation and Employer's Liability:
a. Workers’ Compensation
If GRANTEE is based outside the State of Minnesota,
coverage must apply to Minnesota laws. COUNTY will
accept self-insurance certificate of GRANTEE if GRANTEE

ERF Grant (Revised 04/2025)

Limits
$2,000,000
2,000,000
1,500,000
1,500,000
2,000,000

Statutory

is self-insured under Minnesota law.
b. Employer’s Liability. Bodily Injury by:
Accident – Each accident
Disease – Policy Limit
Disease – Each Employee
4.

Professional Liability –
Per Claim
Aggregate

5.

Pollution Liability –
GRANTEE shall maintain or cause a project contractor
to maintain pollution liability insurance that does not
exclude or limit coverage for mold, fungus, asbestos,
pollutants or other hazardous substances and with
a minimum aggregate amount of $2,000,000.

500,000
500,000
500,000
1,000,000
2,000,000
$2,000,000

An umbrella or excess policy is an acceptable method to provide the required commercial
general or automobile insurance coverage.
Coverage shall not include any exclusion or other limitations related to:
(1)
(2)
(3)

Scope of activities under this Agreement;
Delays in Project completion and cost overruns; or
Persons or entities authorized to notify the carrier of a claim or potential
claims.

The above establishes minimum insurance requirements. It is the sole responsibility of
GRANTEE to determine the need for and to procure additional insurance which may be
needed in connection with this Agreement. Upon written request, GRANTEE shall
promptly submit copies of insurance policies to COUNTY.
GRANTEE alone is required to meet the insurance coverages of this Agreement.
GRANTEE may meet these coverages directly through their own insurance policies,
through documentation of self-insurance determined acceptable to the County, or through
a combination of GRANTEE and contractor or other partner insurance policies. More than
one entity or contractor may be used to assist GRANTEE in meeting the required
coverages.
GRANTEE shall ensure that all of GRANTEE’s subcontractors and subgrantees (i)
independently carry insurance appropriate to cover the subcontractors’ and subgrantees’
exposures and that meet or exceed the Required Insurance Coverages set forth in the table
above; (ii) are covered under GRANTEE’s policies; or (iii) or both. GRANTEE is
responsible for monitoring its subcontractors’ and subgrantee’s proof of insurance to
ensure compliance with the foregoing obligations. Copies of certificates of insurance shall
be maintained by GRANTEE and shall be supplied to COUNTY upon request.

ERF Grant (Revised 04/2025)

GRANTEE and their contractors, subcontractors, and subgrantees shall not commence
work until they have obtained required insurance. When the insurance is provided by
GRANTEE, the certificate(s) must name Hennepin County as the certificate holder and as
an additional insured for the commercial general liability coverage(s) and the automobile
liability coverages for all operations covered under the Agreement and include the project
name and ERF grant number. When the insurance is not provided by GRANTEE, the
certificate(s) must name GRANTEE as the certificate holder(s), name GRANTEE and
Hennepin County as an additional insured for the commercial general liability coverage(s)
for all operations covered under the Agreement and include the project name and ERF
grant number. The certificate must also show that the County will receive thirty (30) day
prior written notice in the event of cancellation/termination, nonrenewal, or material
change in any described policies; however, in the event the insurance carrier will not issue
or endorse its policy(s) to comply with the notice provision in the preceding clause,
GRANTEE shall assume such notice obligations. If GRANTEE receives notice of
cancellation/termination from an insurer, GRANTEE shall email a copy of the notice to
COUNTY within two (2) business days.
GRANTEE shall furnish to COUNTY updated certificates during the term of this
Agreement as insurance policies expire. If GRANTEE fails to furnish proof of insurance
coverages, either upon COUNTY’s request or upon expiration of an existing policy, the
County may withhold disbursements and/or pursue any other rights or remedy allowed
under the contract, law, equity, and/or statute.
GRANTEE’s or, as applicable, subcontractor(s)’ or subgrantees’ required insurance shall
be primary insurance and any insurance or self-insurance maintained by COUNTY shall
be in excess of and non-contributory with GRANTEE’s insurance. GRANTEE waives all
rights against COUNTY, its officials, officers, agents, volunteers, and employees for
recovery of damages to the extent that damages are covered by insurance of GRANTEE.
If necessary, GRANTEE agrees to endorse the required insurance policies to permit
waivers of subrogation in favor of COUNTY.
If GRANTEE’s subcontractor(s) or subgrantees independently carry insurance in
accordance with the provisions herein, GRANTEE shall have a written agreement with its
subcontractor(s) or subgrantee(s) to pass-through all of the foregoing insurance
obligations.
9. DUTY TO NOTIFY
GRANTEE shall promptly notify COUNTY of any demand, claim, action, cause of action
or litigation brought against GRANTEE, its employees, officers, agents or subcontractors,
which arises out of this Agreement. GRANTEE shall also notify COUNTY whenever
GRANTEE has a reasonable basis for believing that GRANTEE and/or its employees,
officers, agents or subcontractors, subgrantees, and/or COUNTY, might become the
subject of a demand, claim, action, cause of action, administrative action, criminal arrest,
criminal charge or litigation arising out of this Agreement.

ERF Grant (Revised 04/2025)

10. DATA, SYSTEMS, AND INTELLECTUAL PROPERTY
A. GRANTEE, its officers, agents, owners, partners, employees, volunteers,
subcontractors, and subgrantees shall, to the extent applicable, abide by the provisions
of the Minnesota Government Data Practices Act, Minnesota Statutes, chapter 13
(MGDPA) and all other applicable law, rules, regulations and orders relating to data or
the privacy, confidentiality or security of data. For clarification and not limitation,
COUNTY hereby notifies GRANTEE that the requirements of Minnesota Statutes
section 13.05, subd. 11, apply to this Agreement. GRANTEE shall promptly notify
COUNTY if GRANTEE becomes aware of any potential claims, or facts giving rise to
such claims, under the MGDPA or other data, data security, privacy or confidentiality
laws, and shall also comply with the other requirements of this Section.
Classification of data, including trade secret data, will be determined pursuant to
applicable law and, accordingly, merely labeling data as “trade secret” by GRANTEE
does not necessarily make the data protected as such under any applicable law.
B. Intentionally omitted.
C. Intentionally omitted.
D. Intentionally omitted.
11. RECORDS, AVAILABILITY/ACCESS
Subject to the requirements of Minnesota Statutes section 6.551, the State Auditor, or any
of their authorized representatives, at any time during normal business hours, and as often
as they may reasonably deem necessary, shall have access to and the right to examine,
audit, excerpt, and transcribe any books, documents, papers, records, etc., which are
pertinent to the accounting practices and procedures of GRANTEE and involve
transactions relating to this Agreement. GRANTEE shall maintain these materials and
allow access during the period of this Agreement and for six (6) years after its expiration
or termination.
12. SUCCESSORS, SUBCONTRACTING, AND ASSIGNMENTS
A.

GRANTEE binds itself, its partners, successors, assigns and legal representatives
to COUNTY for all covenants, agreements and obligations herein.

B.

GRANTEE shall not assign, transfer or pledge this Agreement, whether in whole
or in part, nor assign any monies due or to become due to it without the prior written
consent of COUNTY. A consent to assign shall be subject to such conditions and
provisions as COUNTY may deem necessary, accomplished by execution of a form
prepared by COUNTY and signed by GRANTEE, the assignee and COUNTY.
Permission to assign, however, shall under no circumstances relieve GRANTEE of
its liabilities and obligations under the Agreement.

ERF Grant (Revised 04/2025)

C.

GRANTEE’s contracts for goods, services, construction, repair and remodeling
related to this Agreement shall comply with Minnesota Statutes section 471.425.

13. MERGER, MODIFICATION AND SEVERABILITY
The entire Agreement between the parties is contained herein and supersedes all oral
agreements and negotiations between the parties relating to the subject matter. All items
that are referenced or that are attached are incorporated and made part of this Agreement.
If there is any conflict between the terms of this Agreement and referenced or attached
items, the terms of this Agreement shall prevail.
GRANTEE and/or COUNTY are each bound by its own electronic signature(s) on this
Agreement, and each agrees and accepts the electronic signature of the other party.
Any alterations, variations, modifications or waivers of provisions of this Agreement shall
only be valid when they have been reduced to writing as an amendment to this Agreement
signed by the parties. Notwithstanding the above, and in accordance with Section 2,
COUNTY may agree to alterations of the Project that differ from GRANTEE’s application,
in writing and without formal amendment to this Agreement. Except as expressly provided,
the substantive legal terms contained in this Agreement, including but not limited to
Indemnification, Insurance, Merger, Modification and Severability, Default and
Termination, or Minnesota Law Governs may not be altered, varied, modified or waived
by any change order, implementation plan, scope of work, development specification or
other development process or document. Upon approval by COUNTY, the term of this
Agreement may be extended for up to twelve (12) months by amendment.
If any provision of this Agreement is held invalid, illegal or unenforceable, the remaining
provisions will not be affected.
14. DEFAULT AND TERMINATION
A.

This Agreement automatically terminates upon expiration as stated in Section 1,
or within sixty (60) days of issuance of final disbursement of Grant Funds on
GRANTEE’s final disbursement request, whichever is earlier.

B.

This Agreement may be terminated by the COUNTY upon sixty (60) days written
notice to GRANTEE with or without cause. In the event of such termination,
GRANTEE shall be entitled to disbursement of Grant Funds, determined on a pro
rata basis, for Grant Requirements satisfactorily performed up to the effective date
of such termination and duly invoiced and approved by COUNTY.

C.

COUNTY may immediately terminate this Agreement if GRANTEE, or any
GRANTEE directors, employees, or other personnel are convicted of a criminal
offense relating to any COUNTY, State of Minnesota, or federal grant.
Additionally, if COUNTY finds that there has been a violation of any state,

ERF Grant (Revised 04/2025)

federal, or local law, COUNTY may upon written notice immediately terminate
this Agreement in its entirety and may withhold or delay disbursement of Grant
Funds. In the event of a decision to withhold or delay disbursement, COUNTY
shall furnish prior written notice to GRANTEE specifically identifying the reason
for withholding or delaying such disbursement.
D.

If COUNTY finds GRANTEE has failed to comply with the provisions of this
Agreement, that reasonable progress has not been made toward commencement or
completion of the Project, notwithstanding any other provisions of this Agreement
to the contrary, and after written notice and reasonable opportunity to cure,
COUNTY may refuse to disburse additional Grant Funds and/or require the return
of all or part of the Grant Funds already disbursed, to the extent such Grant Funds
were used for purposes other than the Grant Requirements contemplated by this
Agreement.

E.

Notwithstanding any provision of this Agreement to the contrary, GRANTEE
shall remain liable to COUNTY for damages sustained by COUNTY by virtue of
any breach of this Agreement by GRANTEE.

F.

The above remedies shall be in addition to any other right or remedy available to
COUNTY under this Agreement, law, statute, rule, and/or equity. COUNTY’s
failure to insist upon strict performance of any provision or to exercise any right
under this Agreement shall not be deemed a relinquishment or waiver of the same,
unless consented to in writing. Such consent shall not constitute a general waiver
or relinquishment throughout the entire term of the Agreement.

G.

If this Agreement expires or is terminated, with or without cause, by either party,
at any time, GRANTEE shall not be entitled to any Grant Funds except for
reimbursements duly invoiced for completed Grant Requirements pursuant to this
Agreement.

H.

GRANTEE has an affirmative obligation, upon written notice by COUNTY that
this Agreement may be suspended or terminated, to follow reasonable directions
by COUNTY, or absent directions by COUNTY, to exercise a fiduciary
obligation to COUNTY, before incurring or making further costs, expenses,
obligations or encumbrances arising out of or related to this Agreement.

15. SURVIVAL OF PROVISIONS
Provisions that by their nature are intended to survive the term or termination of this
Agreement do survive such term or termination. Such provisions include but are not
limited to: PARTY RELATIONSHIP; INDEMNIFICATION; INSURANCE; DUTY TO
NOTIFY; DATA, SYSTEMS, AND INTELLECTUAL PROPERTY; RECORDSAVAILABILITY/ACCESS; DEFAULT AND TERMINATION; MEDIA OUTREACH;
and MINNESOTA LAW GOVERNS.

ERF Grant (Revised 04/2025)

16. GRANT MANAGER
Michael Torres or successor, (“Grant Manager”), shall manage this Agreement on behalf
of COUNTY and serve as liaison between COUNTY and GRANTEE.
Ryan Krzos 952-548-6342 shall manage the Agreement on behalf of GRANTEE.
GRANTEE may replace such person but shall immediately give written notice to
COUNTY of the name, phone number and email (if available) of such substitute person
and of any other subsequent substitute person.
17. COMPLIANCE AND NON-DEBARMENT CERTIFICATION
A. GRANTEE shall comply with all applicable law, conditions of any funding sources,
regulations, rules and ordinances currently in force or later enacted. This includes,
but is not limited to, Minnesota Pollution Control Agency (MPCA) guidelines, best
management practices, and/or instructions.
B. Intentionally omitted.
18. NOTICES
Unless the parties otherwise agree in writing, any notice or demand which must be given
or made by a party under this Agreement or any statute or ordinance shall be in writing
and shall be sent registered or certified mail. Notices to COUNTY shall be sent to the
County Administrator with a copy to the originating COUNTY department at the
addresses given in the opening paragraph of this Agreement. Notice to GRANTEE shall
be sent to the address stated in the opening paragraph of this Agreement or to the address
stated in GRANTEE’s Form W-9 provided to COUNTY.
19. CONFLICT OF INTEREST
GRANTEE affirms that to the best of GRANTEE’s knowledge, GRANTEE’s
involvement in this Agreement does not result in a conflict or potential conflict of interest
with any party or entity which may be affected by the terms of this Agreement. Should
any conflict or potential conflict of interest become known to GRANTEE, GRANTEE
shall immediately notify COUNTY of the conflict or potential conflict, specifying the
part of this Agreement giving rise to the conflict or potential conflict, and advise
COUNTY whether GRANTEE will or will not resign from the other engagement or
representation. A conflict or potential conflict may, in COUNTY’s discretion, be cause
for termination of this Agreement.
20. MEDIA OUTREACH
GRANTEE shall acknowledge the financial assistance provided by COUNTY in
promotional materials, press releases, reports and publications relating to the Project

ERF Grant (Revised 04/2025)

activities described in Section 18 which are funded in whole or in part with Grant Funds.
The acknowledgment shall contain the following language:
Financing for this project was provided in part by the Hennepin County
Environmental Response Fund.
Until the Grant Requirements funded by this Agreement are completed, GRANTEE shall
ensure the above acknowledgment language, or alterative language approved COUNTY,
is included on all signs located at the Project or construction sites that identify Project
funding partners or entities providing financial support for the Project.
Until the Grant Requirements are completed and for one year after that date, GRANTEE
shall provide advance notice to COUNTY, including an invitation to the appropriate
County Commissioner’s office, of any public events related to the Project.
21. MINNESOTA LAWS GOVERN
The laws of the state of Minnesota shall govern all questions and interpretations
concerning the validity and construction of this Agreement and the legal relations
between the parties. The appropriate venue and jurisdiction for any litigation will be
those courts located within the County of Hennepin, State of Minnesota. Litigation,
however, in the federal courts involving the parties will be in the appropriate federal
court within the State of Minnesota.
22. PERSONAL PROPERTY TAX, PROPERTY TAX, AND INCOME TAX
A.

In any agreements with subcontractors/subgrantees under this Agreement,
GRANTEE shall require such subcontractors and subgrantees to affirm that those
entities have paid all Hennepin County personal property taxes and property taxes
due on all of its Hennepin County properties for all taxes owed on or before the
date of the execution of their agreement with GRANTEE. If COUNTY finds that
property taxes have not been paid by any subgrantee or subcontractor receiving
Grant Funds, COUNTY may refuse to disburse Grant Funds. This section shall
not apply to any property taxes that a subgrantee or subcontractor is contesting in
good faith, the existence, amount, or validity thereof, or the extent of its liability
therefor, by appropriate proceedings which shall operate during the pendency
thereof to prevent the collection of the real or personal property tax so contested.

23. PROJECT DESCRIPTION AND ELIGIBLE ACTIVITIES
The project site is currently occupied by a city municipal park, athletic fields, and an ice
arena. Historically, the site was the Hennepin County fairgrounds and an unregulated
landfill in the 1960s. Contamination consisting of petroleum, Polycyclic Aromatic
Hydrocarbons, and metals in the soil and groundwater are present above established
criteria. The proposed development will create additional park amenities including new

ERF Grant (Revised 04/2025)

athletic fields, expanded pavilion, and improved stormwater resiliency and flood mitigation
features.
GRANTEE has been awarded Grant Funds under this Agreement for contaminated soil
management, transport, and disposal; installation of clean fill where required by the
Response Action Plan (RAP); associated consulting activities; and associated MPCA fees
in accordance with the budget submitted by GRANTEE in its Application. Modifications
to eligible activities and costs must be requested in writing by the GRANTEE and
approved of in writing by COUNTY.
24. REQUIRED DOCUMENTATION AND SUBMITTALS
Requests for the Grant Funds must be submitted to COUNTY on a COUNTY-approved
disbursement form with the following supporting documentation:
•
•
•

•

•
•
•

Annual progress summary reports that describe project status, percent of work
completed, and remaining tasks and schedule.
RAP Implementation Reports.
Consultant and contractor invoices, including associated subcontracted services
invoices and expense documentation. Documentation shall include the date(s) of
service(s) covered by the invoice, unit rates, quantities, and markups. Subcontractor
markups are limited to 10% or less.
Contaminated and regulated soil disposal documentation. Documentation shall include
proof of unit rates, copies of manifests at a rate of one manifest per truck per load,
copies of weight or load tickets, and a summary spreadsheet matching manifest
numbers to weight or load tickets and final weights.
Clean fill documentation by volume in cubic yards.
MPCA approval letters.
MPCA invoices.

25. USE OF ERF GRANT AS A LOAN
The Grant Funds awarded under this Agreement to GRANTEE may not be disbursed by
GRANTEE to any entity as a loan without prior written agreement by COUNTY.

The Remainder Of This Page Was Intentionally Left Blank

ERF Grant (Revised 04/2025)

COUNTY ADMINISTRATOR APPROVAL
Reviewed for COUNTY by
the County Attorney's Office:

{{Sig_es_:signer2:signature}}
{{userstamp2_es_:signer2:stamp}}

COUNTY OF HENNEPIN
STATE OF MINNESOTA
By:

{{Sig_es_:signer4:signature}}
{{userstamp4_es_:signer4:stamp}}

Reviewed for COUNTY by:

{{Sig_es_:signer3:signature}}
{{userstamp3_es_:signer3:stamp}}

Document Assembled by:

{{Sig_es_:signer1:signature}}
{{userstamp1_es_:signer1:stamp}}

{{Exh_es_:signer1:attachment:label("Attachments")}}

ERF Grant (Revised 04/2025)

GRANTEE
GRANTEE warrants that the person who executed this Agreement is authorized to do so on
behalf of GRANTEE as required by applicable articles, bylaws, resolutions or ordinances.*
By:
_________________________

Brian Hunke
Mayor Pro Tempore
Date: _____________

_________________________

Mike Mornson
City Manager
Date: _____________

*GRANTEE represents and warrants that it has submitted to COUNTY all applicable
documentation (articles, bylaws, resolutions or ordinances) that confirms the signatory's
delegation of authority. Documentation is not required for a sole proprietorship.

ERF Grant (Revised 04/2025)

Finance Department
CITY OF HOPKINS

City Council Report 2026-050
To:

Honorable Mayor and Council Members
Mike Mornson, City Manager

From:

Nick Bishop, Finance Director

Date:

April 30, 2026

Subject:
Ratify Checks Issued April 2026
_____________________________________________________________________
RECOMMENDED ACTION
MOTION TO Ratify Checks issued between April 1, 2026 and April 30, 2026 with
numbers 142119 thru 142385 for total distribution of 1,275,204.99.
OVERVIEW
The checks issued, along with the purpose for those payments are attached for your
review.
The check registers and detail of those checks can be reviewed at any time in the
Finance Department.

SUPPORTING INFORMATION
• Check Register

Accounts Payable
Checks by Date - Summary by Check Date
User:
Printed:

Check No

142119
142120
142121
142122
142123
142124
142125
142126
142127
142128
142129
142130
142131
142132
142133
142134
142135
142136
142137
142138
142139
142140
142141
142142
142143
142144
142145
142146
142147
142148
142149
142150
142151
142152
142153
142154
142155
142156
142157
142158
142159
142160
142161
142162
142163
142164
142165

[email protected]
4/30/2026 11:12 AM

Vendor No

Vendor Name

Check Date

Check Amount

31956
32334
30933
31910
20883
32333
30366
32065
32318
32323
32320
15447
03160
28430
31267
30127
26951
26951
29896
32332
05481
30330
30601
06567
07003
32331
31143
08627
08576
09578
31059
30013
09002
30269
32329
31833
13012
32326
32327
13167
13599
29939
13760
32319
30300
15521
26974

DONALD AGGERBECK
04/02/2026
AIM ELECTRONICS
04/02/2026
ANCHOR SOLAR INVESTMENTS LLC 04/02/2026
SUSHILA ANDERSON
04/02/2026
API GARAGE DOOR INC
04/02/2026
EDEN BEKELE
04/02/2026
BERRY COFFEE COMPANY INC
04/02/2026
BLOOMINGTON LOCK & SAFE CO INC 04/02/2026
MAREK BOGUSZAK
04/02/2026
DEB BUXENGARD
04/02/2026
REBECCA A. CAMPBELL
04/02/2026
CARPENTERS SMALL ENGINE
04/02/2026
CENTERPOINT ENERGY MINNEGASCO04/02/2026
CENTURY LINK
04/02/2026
CINTAS CORPORATION
04/02/2026
CINTAS CORPORATION NO. 2
04/02/2026
COMCAST
04/02/2026
COMCAST
04/02/2026
DATAWORKS PLUS LLC
04/02/2026
CAROL DUNN
04/02/2026
EMERGENCY APPARATUS MAINT INC 04/02/2026
FAE LSE 6 LLC
04/02/2026
FAE LSE 8 LLC
04/02/2026
FORCE AMERICA
04/02/2026
GARTNER REFRIGERATION & MFG.
04/02/2026
MELISSA HAIGHT
04/02/2026
SARA HALPERN
04/02/2026
HOME DEPOT CREDIT SERVICES
04/02/2026
HOPKINS F.D. RELIEF ASSOC
04/02/2026
INNOVATIVE OFFICE SOLUTIONS LLC 04/02/2026
INTEGRATED FIRE & SECURITY INC 04/02/2026
JANINE IRISARRI
04/02/2026
I-STATE TRUCK CENTER
04/02/2026
JANELLE JASPERS JONES
04/02/2026
MICHAEL KELLY
04/02/2026
JESSICA KLUGMAN
04/02/2026
MACQUEEN EQUIPMENT INC
04/02/2026
CHRISTOPHER MARTIN MENDEZ MARTINEZ
04/02/2026
RALPH MATTHEWS
04/02/2026
MENARDS
04/02/2026
MN DEPT OF TRANSPORTATION
04/02/2026
MOBOTREX, INC.
04/02/2026
MTI DISTRIBUTING INC
04/02/2026
DIANE LYNN NARUM
04/02/2026
NORDIC SOLAR HOLDCO LLC
04/02/2026
ON SITE COMPANIES
04/02/2026
O'REILLY AUTO PARTS
04/02/2026

192.50
2,116.00
3,807.94
315.00
1,695.00
625.00
480.23
902.00
1,820.00
210.00
556.50
37.22
20.58
23.87
9.45
114.60
181.18
69.95
3,916.90
224.00
3,608.66
5,152.16
5,198.57
420.00
724.00
625.00
115.00
604.01
570.00
1,390.15
1,190.80
280.00
52.00
360.00
625.00
65.00
5,280.00
625.00
625.00
893.14
11,411.02
228.00
24.83
280.00
3,534.41
1,460.29
108.86

AP Checks by Date - Summary by Check Date (4/30/2026 11:12 AM)

Page 1

Check No

142166
142167
142168
142169
142170
142171
142172
142173
142174
142175
142176
142177
142178
142179
142180
142181
142182
142183
142184
142185
142186
142187
142188
142189
142190
142191

Vendor No

32335
31796
32322
29468
30199
31292
18164
32324
32321
30043
19004
32187
32336
29200
19802
32328
31688
20687
03440
32034
29466
29473
30930
32325
32330
28388

Vendor Name

Check Date
ORGANICS RECYCLING FACILITY
04/02/2026
DAVID OSTLUND
04/02/2026
MARIE PANLENER
04/02/2026
PARALLEL TECHNOLOGIES
04/02/2026
PULSE ELECTRIC
04/02/2026
RECYCLE TECHNOLOGIES INC
04/02/2026
RED WING BUSINESS ADVANTAGE ACCOUNT
04/02/2026
RELIANT TALENT AGENCY LLC
04/02/2026
MARLA RIEMER
04/02/2026
RYAN'S TREE CARE, LLC
04/02/2026
SAMARITAN TIRE COMPANY
04/02/2026
SUSAN SCHWARTZ
04/02/2026
SOLAR SHIELD INC
04/02/2026
SPRINGBROOK SOFTWARE INC
04/02/2026
SUBURBAN RATE AUTHORITY
04/02/2026
PAULA BIANCA TAN CABATINGAN
04/02/2026
TRIMBLE INC
04/02/2026
TRI-STATE BOBCAT INC
04/02/2026
ULTIMATE SAFETY CONCEPTS INC
04/02/2026
LISA VAN WYK
04/02/2026
VERIZON WIRELESS
04/02/2026
VERIZON WIRELESS
04/02/2026
TRUDY NEIL VRCHOTA
04/02/2026
WHERE SHE WORE
04/02/2026
WINDOW NATION
04/02/2026
WITMER PUBLIC SAFETY GROUP INC 04/02/2026

Total for 4/2/2026:
142192
142193
142194
142195
142196
142197
142198
142199
142200
142201
142202
142203
142204
142205
142206
142207
142208
142209
142210
142211
142212
142213
142214
142215
142216
142217
142218
142219

28422
01328
32348
32341
29817
27782
27822
32259
32308
31573
31568
28981
31267
30127
30526
26951
31032
27060
03800
28747
29006
29491
07689
29377
32345
29820
32344
08001

ADVANCED IMAGING SOLUTIONS
AIRGAS USA
ALL CLEAR LOCATING SERVICES
BAYERL PAINTING LLC
GARY BINGNER
BOUND TREE MEDICAL LLC
BRADS PRO AUDIO
MICHAEL BRECKENRIDGE
HANNAH BUCKLAND
JASON THOMAS CARDINAL
CARE RESOURCE CONNECTION
CHESTNUT CAMBRONNE PA
CINTAS CORPORATION
CINTAS CORPORATION NO. 2
CITY OF RICHFIELD
COMCAST
COVERALL NORTH AMERICA
CROWN MARKING INC
CULLIGAN - METRO
CULLIGAN BOTTLED WATER CO
ENTERPRISE FLEET MANAGEMENT
FERGUSON WATERWORKS #2518
GRAFIX SHOPPE
GRAINGER, INC
ANOTONIA GRANT
GROUP HEALTH PLAN INC
ANDREW GRZESKOWIAK
HACH COMPANIES

AP Checks by Date - Summary by Check Date (4/30/2026 11:12 AM)

04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026
04/10/2026

Check Amount
1,016.50
260.00
525.00
33,661.41
422.50
81.93
229.49
10,000.00
98.00
1,485.00
1,602.24
400.00
420.00
1,612.50
1,016.00
625.00
128.00
3,388.18
254.69
798.00
1,002.93
593.39
490.00
625.00
149.00
595.38
124,248.96
4,333.63
106.88
2,225.00
3,325.00
4,300.00
1,823.44
550.00
500.00
935.00
812.50
1,250.00
16,859.48
598.39
114.60
106.88
258.46
5,965.00
84.57
255.00
352.10
5,717.71
13,817.04
334.00
575.66
625.00
1,735.00
500.00
522.02
Page 2

Check No

142220
142221
142222
142223
142224
142225
142226
142227
142228
142229
142230
142231
142232
142233
142234
142235
142236
142237
142238
142239
142240
142241
142242
142243
142244
142245
142246
142247
142248
142249
142250
142251
142252
142253
142254
142255
142256
142257
142258
142259

Vendor No

08336
08576
08620
32340
32113
31059
28537
27456
10560
11161
29529
31257
32347
29204
28665
13179
13354
31006
31064
32337
31782
31796
32342
32018
31848
32338
04573
17806
18164
31120
19602
30356
32339
30093
32346
27981
30819
32091
22563
32343

Vendor Name

Check Date
HIRSHFIELDS
04/10/2026
HOPKINS F.D. RELIEF ASSOC
04/10/2026
HOPKINS ROTARY
04/10/2026
HOPKINS ULTIMATE FRISBEE
04/10/2026
IDI
04/10/2026
INTEGRATED FIRE & SECURITY INC 04/10/2026
IS LAX LLC
04/10/2026
JAZZ88 KBEM
04/10/2026
JOHN HENRY FOSTER MN
04/10/2026
KENNEDY & GRAVEN, CHARTERED
04/10/2026
LEXISNEXIS RISK SOLUTIONS
04/10/2026
SCOTT ANDREWS MARKS
04/10/2026
NICOLE MARTHEY
04/10/2026
MESSERLI & KRAMER P.A.
04/10/2026
METRO ALARM & LOCK
04/10/2026
METROPOLITAN COUNCIL
04/10/2026
MN BENEFIT ASSOCIATION
04/10/2026
MOTOROLA SOLUTIONS, INC.
04/10/2026
MR CUTTING EDGE LLC
04/10/2026
KATHY NILSON
04/10/2026
ORACLE AMERICA INC
04/10/2026
DAVID OSTLUND
04/10/2026
PAVEL JANY
04/10/2026
PILGRIM DRY CLEANERS
04/10/2026
PRECISION UTILITIES
04/10/2026
QUALITY LOCKSMITH SERVICE INC 04/10/2026
QUALITY RESOURCE GROUP INC
04/10/2026
QWEST CORP
04/10/2026
RED WING BUSINESS ADVANTAGE ACCOUNT
04/10/2026
REPUBLIC SERVICES INC
04/10/2026
SPS COMPANIES INC
04/10/2026
ST LOUIS PARK FIRE DEPARTMENT
04/10/2026
SUMMIT CONDOMINIUM ASSOCIATION04/10/2026
INC
TRANSUNION RISK AND ALTERNATIVE04/10/2026
TWO OCTOBERS
04/10/2026
ULINE INC
04/10/2026
VERIZON WIRELESS
04/10/2026
VESTIS
04/10/2026
VOSS LIGHTING
04/10/2026
ZOSIMA MUSIC INC
04/10/2026

Total for 4/10/2026:
142260
142261
142262
142263
142264
142265
142266
142267
142268
142269
142270
142271
142272
142273

31825
01328
32349
02563
31400
32139
03328
26951
26951
UB*01198
29491
07564
31474
32350

7-ELEVEN INC
04/17/2026
AIRGAS USA
04/17/2026
ALTA PLANNING AND DESIGN INC
04/17/2026
BOLTON & MENK, INC
04/17/2026
BZDOK INSPECTIONS INC
04/17/2026
CHARGE POINT
04/17/2026
CITY OF MINNETONKA
04/17/2026
COMCAST
04/17/2026
COMCAST
04/17/2026
CODY ESPESETH
04/17/2026
FERGUSON WATERWORKS #2518
04/17/2026
GOPHER STATE ONE-CALL, INC
04/17/2026
GRANITE TELECOMMUNICATIONS LLC04/17/2026
HENNEPIN COUNTY
04/17/2026

AP Checks by Date - Summary by Check Date (4/30/2026 11:12 AM)

Check Amount
193.73
150.00
500.00
922.50
200.00
297.70
1,802.50
450.00
2,713.53
8,371.85
102.49
490.00
625.00
450.32
780.00
168,680.06
84.18
6,627.68
104.00
380.00
1,050.00
195.00
300.00
1,927.78
7,380.00
236.25
50.58
67.55
229.49
34,998.33
480.26
168.94
198,889.72
193.65
750.00
90.65
468.92
89.24
211.60
3,240.00
513,525.86
155.00
177.94
1,880.00
8,240.00
3,138.75
160.00
292,812.90
136.12
196.18
11.80
2,776.39
216.00
123.71
5,000.00
Page 3

Check No

Vendor No

142274
142275
142276
142277
142278
142279
142280
142281
142282
142283
142284
142285
142286
142287
142288
142289
142290
142291
142292
142293
142294
142295
142296
142297

08166
08324
31592
12160
31665
31828
13351
29437
UB*01199
31695
31460
30575
30125
UB*01200
30199
04573
19520
19567
19730
03440
22563
25080
25080
25080

Vendor Name

Check Date
HENNEPIN CTY TREASURER
04/17/2026
HIGHVIEW PLUMBING INC
04/17/2026
INFINITE HEALTH COLLABORATIVE PA04/17/2026
LEAGUE OF MN CITIES
04/17/2026
MINNESOTA SECURITY CONSORTIUM 04/17/2026
MN DEED - DEPT OF EMPLOYMENT & ECON
04/17/2026
DEV
MN STATE FIRE CHIEFS ASSOC.
04/17/2026
NORTH AMERICAN SAFETY
04/17/2026
PARK FUNDING LLC
04/17/2026
KATELYN PEARSALL
04/17/2026
PLAN IT SOFTWARE LLC
04/17/2026
PREMIER LIGHTING INC
04/17/2026
PROJECT COMPANY FINCO PHASE III LLC
04/17/2026
THOMAS B PROUT
04/17/2026
PULSE ELECTRIC
04/17/2026
QUALITY RESOURCE GROUP INC
04/17/2026
SNAP PRINT INC
04/17/2026
SOUTHWEST SUB CABLE COMM
04/17/2026
STERICYCLE INC
04/17/2026
ULTIMATE SAFETY CONCEPTS INC
04/17/2026
VOSS LIGHTING
04/17/2026
XCEL ENERGY
04/17/2026
XCEL ENERGY
04/17/2026
XCEL ENERGY
04/17/2026

Total for 4/17/2026:
142298
142299
142300
142301
142302
142303
142304
142305
142306
142307
142308
142309
142310
142311
142312

30728
09801
31875
08625
31683
12012
30391
29204
32265
32266
32267
32228
32268
21523
21529

AFSCME COUNCIL 5
04/22/2026
CENTRAL PENSION FUND
04/22/2026
Crime Prevention Fund Hopkins
04/22/2026
HOPKINS POLICE ASSOCIATION
04/22/2026
C/O John Meyer INTERNATIONAL ASSOC04/22/2026
OF FIRE FIGHTERS L1275 EDINA
LAW ENFORCEMENT LABOR SERVICES04/22/2026
THE HARTFORD LTD
04/22/2026
MESSERLI & KRAMER P.A.
04/22/2026
METLIFE - ACCIDENT INSURANCE
04/22/2026
METLIFE - CRITICAL ILLNESS
04/22/2026
METLIFE - HOSPITAL INSURANCE
04/22/2026
METLIFE - PFML
04/22/2026
METLIFE - STD
04/22/2026
UNION LOCAL 49
04/22/2026
UNITED WAY
04/22/2026
Total for 4/22/2026:

142313
142314
142315
142316

30515
27822
32351
30145

KELLY BLAU
BRADS PRO AUDIO
LLB TEXICAN TOURS INC
ZACH LUNDBERG

04/24/2026
04/24/2026
04/24/2026
04/24/2026
Total for 4/24/2026:

142317
142318
142319
142320

32355
UB*01201
30364
29535

STATEMENT TREE CARE
KARI WHEELER YOUNG
ABDO LLP
ADVANCED ENGINEERING

AP Checks by Date - Summary by Check Date (4/30/2026 11:12 AM)

04/29/2026
04/29/2026
04/29/2026
04/29/2026

Check Amount
2,278.58
1,330.00
175.00
3,250.00
2,200.00
261.78
572.00
1,690.71
103.22
562.63
11,025.00
10,636.20
21,816.36
17.84
2,570.00
118.84
151.20
2,225.00
97.46
4,279.43
36,008.40
9.83
98.49
883.15
417,385.91
1,015.21
1,600.00
116.00
513.00
754.08
1,954.32
2,697.90
380.12
859.10
658.80
989.00
8,790.49
866.58
700.00
64.00
21,958.60
250.00
400.00
9,600.00
3,700.00
13,950.00
10,309.88
446.59
20,550.00
6,967.50
Page 4

Check No

142321
142322
142323
142324
142325
142326
142327
142328
142329
142330
142331
142332
142333
142334
142335
142336
142337
142338
142339
142340
142341
142342
142343
142344
142345
142346
142347
142348
142349
142350
142351
142352
142353
142354
142355
142356
142357
142358
142359
142360
142361
142362
142363
142364
142365
142366
142367
142368
142369
142370
142371
142372
142373
142374
142375
142376
142377

Vendor No

30933
20883
27822
32353
31410
28987
03160
28430
32352
30127
31676
26951
26951
30560
31875
29731
32354
29398
32356
29377
29748
08166
08192
08571
09539
03369
13160
13167
13275
13351
32129
31006
32357
28540
29317
29452
31782
29468
28245
17806
29143
19602
29729
20687
20887
29458
29466
30017
27692
32358
25080
25080
25080
25080
25080
25080
25080

Vendor Name

Check Date
ANCHOR SOLAR INVESTMENTS LLC 04/29/2026
API GARAGE DOOR INC
04/29/2026
BRADS PRO AUDIO
04/29/2026
BURNET TITLE
04/29/2026
CARLSON PRINTING COMPANY
04/29/2026
CENTER FOR ENERGY & ENVIRONMENT
04/29/2026
CENTERPOINT ENERGY MINNEGASCO04/29/2026
CENTURY LINK
04/29/2026
CHB TITLE LLC
04/29/2026
CINTAS CORPORATION NO. 2
04/29/2026
COLLINS BROTHERS TOWING OF ST CLOUD
04/29/2026
INC
COMCAST
04/29/2026
COMCAST
04/29/2026
COMPUTER INTEGRATION TECHNOLOGIES
04/29/2026
INC
Crime Prevention Fund Hopkins
04/29/2026
DATA CENTER SYSTEMS INC.
04/29/2026
KELLI ELMER
04/29/2026
ENTERPRISE FLEET MANAGEMENT 04/29/2026
EYE FOR TALENT
04/29/2026
GRAINGER, INC
04/29/2026
HENNEPIN COUNTY PUBLIC WORKS 04/29/2026
HENNEPIN CTY TREASURER
04/29/2026
HENNEPIN CTY TREASURER
04/29/2026
HOPKINS BUSINESS & CIVIC ASSN
04/29/2026
INTERNATIONAL CODE COUNCIL
04/29/2026
LEAGUE OF MN CITIES
04/29/2026
MEDICINE LAKE TOURS
04/29/2026
MENARDS
04/29/2026
MICRO CENTER
04/29/2026
MN STATE FIRE CHIEFS ASSOC.
04/29/2026
JENNER MORETTO
04/29/2026
MOTOROLA SOLUTIONS, INC.
04/29/2026
CLIFTON NESSETH
04/29/2026
OAK RIDGE COUNTRY CLUB
04/29/2026
OFFICE OF MN IT SERVICES
04/29/2026
OFFICE OF MN IT SERVICES
04/29/2026
ORACLE AMERICA INC
04/29/2026
PARALLEL TECHNOLOGIES
04/29/2026
QUADIENT FINANCES USA INC
04/29/2026
QWEST CORP
04/29/2026
SHRED IT USA
04/29/2026
SPS COMPANIES INC
04/29/2026
T-MOBILE USA, INC.
04/29/2026
TRI-STATE BOBCAT INC
04/29/2026
TWIN CITY WATER CLINIC
04/29/2026
VERIZON WIRELESS
04/29/2026
VERIZON WIRELESS
04/29/2026
VERIZON WIRELESS
04/29/2026
VESSCO INC
04/29/2026
MONROE WRIGHT III
04/29/2026
XCEL ENERGY
04/29/2026
XCEL ENERGY
04/29/2026
XCEL ENERGY
04/29/2026
XCEL ENERGY
04/29/2026
XCEL ENERGY
04/29/2026
XCEL ENERGY
04/29/2026
XCEL ENERGY
04/29/2026

AP Checks by Date - Summary by Check Date (4/30/2026 11:12 AM)

Check Amount
3,807.94
2,896.50
550.00
479.23
566.36
735.00
13,216.65
18.77
522.64
114.60
700.00
404.93
255.06
3,406.20
176.35
240.00
705.38
3,263.44
1,360.00
1,409.40
10.95
5,672.62
1,940.00
150.00
170.00
25.00
2,016.00
651.07
459.96
506.00
200.00
1,980.00
400.00
6,136.76
389.55
294.01
1,155.00
82.06
8,040.00
198.00
113.89
372.94
330.00
806.95
340.00
4,223.85
1,002.93
2,462.60
2,516.44
3,353.00
606.83
273.35
248.23
166.56
345.29
91.22
54.22
Page 5

Check No

142378
142379
142380
142381
142382
142383
142384

Vendor No

Vendor Name

Check Date

Check Amount

25080
25080
25080
25080
25080
25080
31697

XCEL ENERGY
XCEL ENERGY
XCEL ENERGY
XCEL ENERGY
XCEL ENERGY
XCEL ENERGY
ZILLMER TREE MANAGEMENT LLC

04/29/2026
04/29/2026
04/29/2026
04/29/2026
04/29/2026
04/29/2026
04/29/2026

3,854.68
64.16
8,680.19
27.84
32.70
30,037.14
10,500.00

Total for 4/29/2026:
142385

31633

BRATT TREE CO

AP Checks by Date - Summary by Check Date (4/30/2026 11:12 AM)

04/30/2026

174,084.41
10,051.25

Total for 4/30/2026:

10,051.25

Report Total (267 checks):

1,275,204.99

Page 6

Finance Department
CITY OF HOPKINS

City Council Report 2026-043
To:

Honorable Mayor and Council Members
Mike Mornson, City Manager

From:

Nick Bishop, Finance Director

Date:

May 5, 2026

Subject:
Authorize Sale of $7,220,000 General Obligation Bonds Series 2026B
_____________________________________________________________________
RECOMMENDED ACTION
MOTION TO adopt Resolution 2026-016: Providing for the Sale of $7,220,000 General
Obligation Bonds, Series 2026B.
OVERVIEW
The Series 2026B bonds will be general obligations of the City for which it’s full faith,
credit and taxing powers are pledged. The preliminary authorization is for $7,220,000
million and is based on actual contract amounts. The bonds are being sold to finance
two purposes.
• The second phase of the 2025/2026 street and utility reconstruction project in
Central Avenues. The bonds for this purpose will be issued with a 16-year
term to come from general tax levy, special assessments and utility revenues.
Principal payments will be made over 12 years from 2031 to 2042.
• 2026 Water & Sewer SCADA Fiber Project. The bonds for this purpose will be
issued with a 16-year term to come from utility revenues. Principal payments
will be made over 12 years from 2031 to 2042.
Adopting the resolution will allow City Staff to work with its municipal advisor Ehlers &
Associates to prepare an official statement for the bond sale. The City’s last bond rating
was AA+ with a stable outlook. Standard and Poor’s will update the rating before the
bonds are sold. City Council is scheduled to award the sale of bonds on June 2, 2026.
SUPPORTING INFORMATION
• Resolution No. 2026-016
• Bond Pre-Sale Report

RESOLUTION NO. 2026-016
RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF
GENERAL OBLIGATION BONDS, SERIES 2026B, IN THE
AGGREGATE PRINCIPAL AMOUNT OF APPROXIMATELY
$7,220,000; AND TAKING OTHER ACTIONS WITH RESPECT TO
THERETO
BE IT RESOLVED By the City Council (“Council”) of the City of Hopkins, Minnesota (the
“City”), as follows:
1.

Background; Authorizations.
(a)

Improvement Bonds.

(i)
The City is authorized by Minnesota Statutes, Chapter 475, as amended
(the “Act”) and Minnesota Statutes, Chapter 429, as amended (“Chapter 429”), to issue
obligations in such amounts as it deems necessary to defray in whole or in part the expense
incurred and estimated to be incurred in making improvements authorized by Chapter 429.
(ii)
Certain assessable public street improvements within the City (the
“Assessable Improvements”) have been made, duly ordered or contracts let for the
construction thereof pursuant to the provisions of the Improvement Act.
(iii)
The Council finds it necessary and expedient to the sound financial
management of the affairs of the City to sell and issue it general obligation bonds in the
proposed principal amount of $3,400,000 (the “Improvement Bonds”), pursuant to the Act
and Chapter 429, to provide financing for the Assessable Improvements and related
financing costs.
(b)

Utility Revenue Bonds.

(i)
The City is authorized by the Act and Minnesota Statutes, Chapter 444, as
amended (“Chapter 444”), to issue general obligation revenue bonds to finance the costs
of improvements to the City’s water utility systems.
(ii)
The City engineer has recommended the construction of various
improvements to the City’s sewer, water, and storm sewer systems (the “Utility
Improvements”).
(iii)
The Council finds it is necessary and expedient to the sound financial
management of the affairs of the City to sell and issue general obligation bonds in the
proposed principal amount of $3,820,000 (the “Utility Revenue Bonds”), pursuant to Act
and Chapter 444, to provide financing for the Utility Improvements and related financing
costs. The Assessable Improvements and the Utility Improvements are hereinafter
collectively referred to as the “Project”.

2

(c)
The Council hereby determines that the Improvement Bonds and the Utility
Revenue Bonds shall be issued together in a single series in the aggregate principal of
approximately $7,220,000 (the “Bonds”). The Council designates the Bonds as the “General
Obligation Bonds, Series 2026B.”
2.
Sale of Bonds. The City has retained Ehlers and Associates, Inc. (the “Municipal
Advisor”), to serve as the City’s independent municipal advisor with respect to the offer and sale of the
Bonds and, therefore, is authorized by Section 475.60, subdivision 2(9), of the Act to sell the Bonds other
than pursuant to a competitive sale.
3.
Acceptance of Proposal. The Council shall meet at the time specified in the Preliminary
Official Statement or at such other time designated by the Council to receive and consider proposals for the
purchase of the Bonds and take any other appropriate action with respect to the Bonds.
4.
Authority of Municipal Advisor. The Municipal Advisor is authorized and directed to
assist the City in the preparation and dissemination of a Preliminary Official Statement to be distributed to
potential purchasers of the Bonds and to open, read, and tabulate the proposals for the purchase of the Bonds
for presentation to the Council. The Municipal Advisor is further authorized and directed to assist the City
in the award and sale of the Bonds on behalf of the City after receipt of written proposals and to assist the
City in the preparation and dissemination of a final Official Statement with respect to the Bonds.
5.
Authority of Bond Counsel. The law firm of Kennedy & Graven, Chartered, is authorized
to act as bond counsel for the City (“Bond Counsel”), and to assist in the preparation and review of
necessary documents, certificates, and instruments related to the Bonds. The officers, employees, and
agents of the City are hereby authorized to assist Bond Counsel in the preparation of such documents,
certificates, and instruments.
6.
Reimbursement from Bond Proceeds. The City may incur certain expenditures that may
be financed temporarily from sources other than the Bonds and reimbursed from the proceeds of the Bonds.
Treasury Regulation § 1.150-2 (the “Reimbursement Regulations”) provides that proceeds of tax-exempt
bonds allocated to reimburse expenditures originally paid from a source other than the tax-exempt bonds
will not be deemed expended unless certain requirements are met. In order to preserve its ability to
reimburse certain costs from proceeds of the Bonds in accordance with the Reimbursement Regulations,
the City hereby makes its declaration of official intent (the “Declaration”) described below to reimburse
certain costs
(a)
Declaration of Intent. The City proposes to issue the Bonds to finance the costs of
the Project. The City may reimburse original expenditures made for certain costs of the Project
from the proceeds of the Bonds in an estimated maximum principal amount of $7,220,000. All
reimbursed expenditures will be capital expenditures, costs of issuance of the Bonds, or other
expenditures eligible for reimbursement under Section 1.150-2(d)(3) of the Reimbursement
Regulations.
(b)
Declaration Made Not Later Than 60 Days. This Declaration has been made not
later than sixty (60) days after payment of any original expenditure to be subject to a reimbursement
allocation with respect to the proceeds of the Bonds, except for the following expenditures:
(a) costs of issuance of the Bonds; (b) costs in an amount not in excess of $100,000 or five percent
(5%) of the proceeds of the Bonds; or (c) “preliminary expenditures” up to an amount not in excess
of twenty (20) percent of the aggregate issue price of the Bonds that finance or are reasonably
expected by the City to finance the Project for which the preliminary expenditures were incurred.
The term “preliminary expenditures” includes architectural, engineering, surveying, bond issuance,
3

and similar costs that are incurred prior to commencement of acquisition, construction, or
rehabilitation of the Project, other than land acquisition, site preparation, and similar costs incident
to commencement of construction.
(c)
Reasonable Expectations; Official Intent. This Declaration is an expression of the
reasonable expectations of the City based on the facts and circumstances known to the City as of
the date hereof. The anticipated original expenditures for the Project and the principal amount of
the Bonds described in Section 6(a), above, are consistent with the City’s budgetary and financial
circumstances. No sources other than proceeds of the Bonds to be issued by the City are, or are
reasonably expected to be, reserved, allocated on a long-term basis, or otherwise set aside pursuant
to the City’s budget or financial policies to pay such original expenditures. This Resolution is
intended to constitute a declaration of official intent for purposes of the Reimbursement
Regulations.

The motion for the adoption of the foregoing resolution was duly seconded by Member
__________________, and upon vote being taken thereon, the following voted in favor of the motion:

and the following voted against:

Adopted by the City Council of the City of Hopkins this 5th day of May, 2026.

By:___________________________
Brian Hunke, Mayor Pro Tempore
ATTEST:
_______________________________
Amy Domeier, City Clerk

4

STATE OF MINNESOTA
COUNTY OF HENNEPIN
CITY OF HOPKINS

)
)
) ss.
)
)

I, the undersigned, being the duly qualified City Clerk of City of Hopkins, Hennepin County,
Minnesota (the “City”), do hereby certify that I have carefully compared the attached and foregoing extract of
minutes of a regular meeting of the City Council of the City held on May 5, 2026, with the original minutes on
file in my office, and the extract is a full, true, and correct copy of the minutes insofar as they relate to they
relate to authorizing the issuance of the City’s General Obligation Bonds, Series 2026, in the maximum
aggregate principal amount of approximately $7,220,000.
WITNESS My hand officially as such City Clerk this _____ day of May 2026.

City Clerk
City of Hopkins, Hennepin County, Minnesota

5

May 5, 2026

PRE-SALE REPORT FOR

City of Hopkins, Minnesota
$7,220,000 General Obligation Bonds, Series 2026B

Prepared by:

Advisors:

Ehlers
3001 Broadway Street, Suite 320
Minneapolis, MN 55413

Stacie Kvilvang, Senior Municipal Advisor
Jason Aarsvold, Senior Municipal Advisor
Keith Dahl, Municipal Advisor

BUILDING COMMUNITIES. IT’S WHAT WE DO.

EXECUTIVE SUMMARY OF PROPOSED DEBT
Proposed Issue:
$7,220,000 General Obligation Bonds, Series 2026B

Purposes:
The proposed issue includes financing for the following purposes:
To finance the 2026 road and utility reconstruction projects.
•

Road Improvements - $3,400,000. This portion of the Bonds is being issued for 16
years. Debt service will be paid from special assessments and ad valorem property
taxes.

•

Utilities - $3,820,000. This portion of the Bonds is being issued for 16 years. Debt
service will be paid from utility revenues.

Authority:
The Bonds are being issued pursuant to Minnesota Statutes, Chapters:
•
•
•

429 – Road Improvement
444 - Utilities
475 – General Bonding Authority

2026 Road Improvement Portion: Because the City is assessing at least 20% of the project
costs, this portion of the Bonds may be a general obligation without a referendum and will
not count against the City’s debt limit. The City previously levied a total of $977,048 in special
assessments to benefitting property owners, of which $611,439 (63%) has been collected in
pre-paid assessments (this portion of the Bond issue was reduced accordingly). The remaining
$365,609 of special assessments will be collected in years 2026 to 2040 at a rate of 5.773%.
Annual assessments are paid on an equal principal basis. In addition, we have capitalized
interest through the 2/1/29 payment and are paying interest only through 8/1/30 to offset the
tax levy requirement.
Utility Portion: Chapter 444 allows cities to issue debt without limitation as long as debt
service is expected to be paid from water and sewer revenues. Utility revenue will be used for
interest payments on this portion of the bonds beginning in 2027 through 2030 with full
principal and interest payments beginning in 2031.
The Bonds will be general obligations of the City for which its full faith, credit and taxing
powers are pledged.

Presale Report
City of Hopkins, Minnesota

May 5, 2026
Page 1

Term/Call Feature:
The Bonds are being issued for a term of 16 years. Principal on the Bonds will be due on
February 1 in the years 2031 through 2042. Interest will be due every six months beginning
February 1, 2027.
The Bonds will be subject to prepayment at the discretion of the City on February 1, 2034 or
any date thereafter.

Bank Qualification:
Because the City is expecting to issue no more than $10,000,000 in tax exempt debt during
the calendar year, the City will be able to designate the Bonds as “bank qualified” obligations.
Bank qualified status broadens the market for the Bonds, which can result in lower interest
rates.

Rating:
S&P Global Ratings "AA+"
The City’s most recent bond issues were rated by S&P Global Ratings. The current rating on
those bonds is “AA+”. The City will request a new rating for the Bonds.
If the winning bidder on the Bonds elects to purchase bond insurance, the rating for the issue
may be higher than the City's bond rating in the event that the bond rating of the insurer is
higher than that of the City.

Basis for Recommendation:
Based on your objectives, financial situation and need, risk tolerance, liquidity needs,
experience with the issuance of Bonds and long-term financial capacity, as well as the tax
status considerations related to the Bonds and the structure, timing and other similar matters
related to the Bonds, we are recommending the issuance of Bonds as a suitable option.

Method of Sale/Placement:
We are recommending the Bonds be issued as municipal securities and offered through a
competitive underwriting process. You will solicit competitive bids, which we will compile on
your behalf, for the purchase of the Bonds from underwriters and banks.
An allowance for discount bidding will be incorporated in the terms of the issue. The discount
is treated as an interest item and provides the underwriter with all or a portion of their
compensation in the transaction.
If the Bonds are purchased at a price greater than the minimum bid amount (maximum
discount), the unused allowance may be used to reduce your borrowing amount.

Premium Pricing:
In some cases, investors in municipal bonds prefer “premium” pricing structures. A premium
is achieved when the coupon for any maturity (the interest rate paid by the issuer) exceeds

Presale Report
City of Hopkins, Minnesota

May 5, 2026
Page 2

the yield to the investor, resulting in a price paid that is greater than the face value of the
bonds. The sum of the amounts paid in excess of face value is considered “reoffering
premium.” The underwriter of the bonds will retain a portion of this reoffering premium as
their compensation (or “discount”) but will pay the remainder of the premium to the City. The
amount of the premium varies, but it is not uncommon to see premiums for new issues in the
range of 2.00% to 10.00% of the face amount of the issue. This means that an issuer with a
$2,000,000 offering may receive bids that result in proceeds of $2,040,000 to $2,200,000.
For this issue of Bonds we have been directed to use the net premium to reduce the size of
the issue for the project. The resulting adjustments may slightly change the true interest cost
of the issue, either up or down.
The amount of premium can be restricted in the bid specifications. Restrictions on premium
may result in fewer bids, but may also eliminate large adjustments on the day of sale and
unintended impacts with respect to debt service payment. Ehlers will identify appropriate
premium restrictions for the Bonds intended to achieve the City’s objectives for this financing.

Review of Existing Debt:
We have reviewed all outstanding indebtedness for the City and find that there are no
refunding opportunities at this time.
We will continue to monitor the market and the call dates for the City’s outstanding debt and
will alert you to any future refunding opportunities.

Continuing Disclosure:
Because the City has more than $10,000,000 in outstanding debt (including this issue) and
this issue is over $1,000,000, the City will be agreeing to provide certain updated Annual
Financial Information and its Audited Financial Statement annually, as well as providing
notices of the occurrence of certain reportable events to the Municipal Securities Rulemaking
Board (the “MSRB”), as required by rules of the Securities and Exchange Commission (SEC).
The City is already obligated to provide such reports for its existing bonds and has contracted
with Ehlers to prepare and file the reports.

Arbitrage Monitoring:
The City must ensure compliance with certain sections of the Internal Revenue Code and
Treasury Regulations (“Arbitrage Rules”) throughout the life of the issue to maintain the taxexempt status of the Bonds. These Arbitrage Rules apply to amounts held in construction,
escrow, reserve, debt service account(s), etc., along with related investment income on each
fund/account.
IRS audits will verify compliance with rebate, yield restriction and records retention
requirements within the Arbitrage Rules. The City’s specific arbitrage responsibilities will be
detailed in the Tax Certificate (the “Tax Compliance Document”) prepared by your Bond
Attorney and provided at closing.
The Bonds may qualify for one or more exception(s) to the Arbitrage Rules by meeting 1)
small issuer exception, 2) spend down requirements, 3) bona fide debt service fund limits, 4)
reasonable reserve requirements, 5) expenditure within an available period limitations, 6)
investments yield restrictions, 7) de minimis rules, or; 8) borrower limited requirements.

Presale Report
City of Hopkins, Minnesota

May 5, 2026
Page 3

An Ehlers arbitrage expert will contact the City within 30 days after the sale date to review
the City’s specific responsibilities for the Bonds. The City is currently receiving arbitrage
services from Ehlers in relation to the Bonds.

Investment of Bond Proceeds:
You have retained Ehlers Investment Partners to invest your Bond proceeds until the funds
are needed to pay project costs.

Risk Factors:
Special Assessments: We have assumed $390,819 in pre-paid special assessments. If the City
receives a significant amount more of pre-paid assessments or does not levy the assessments,
it may need to increase the levy portion of the debt service to make up for lower interest
earnings than the expected assessment interest rate.

Other Service Providers:
This debt issuance will require the engagement of other public finance service providers. This
section identifies those other service providers, so Ehlers can coordinate their engagement
on your behalf. Where you have previously used a particular firm to provide a service, we have
assumed that you will continue that relationship. For services you have not previously
required, we have identified a service provider. Fees charged by these service providers will
be paid from proceeds of the obligation, unless you notify us that you wish to pay them from
other sources. Our pre-sale bond sizing includes a good faith estimate of these fees, but the
final fees may vary. If you have any questions pertaining to the identified service providers or
their role, or if you would like to use a different service provider for any of the listed services
please contact us.
Bond Counsel: Kennedy & Graven, Chartered
Paying Agent: Bond Trust Services Corporation
Rating Agency: S&P Global Ratings (S&P)

Summary:
The decisions to be made by the City Council are as follows:
•
•

Accept or modify the finance assumptions described in this report
Adopt the resolution attached to this report.

Presale Report
City of Hopkins, Minnesota

May 5, 2026
Page 4

PROPOSED DEBT ISSUANCE SCHEDULE
Pre-Sale Review by City Council:

May 5, 2026

Conference with Rating Agency and Due Diligence Call to
Review Official Statement:

Week of May 25th

Distribute Official Statement:

Week of May 11th or 18th

City Council Meeting to Award Sale of the Bonds:

June 2, 2026

Estimated Closing Date:

June 25, 2026

Attachments
Estimated Sources and Uses of Funds
Estimated Proposed Debt Service Schedule
Resolution Authorizing Ehlers to Proceed with Bond Sale (Provided by Kennedy &
Graven)

EHLERS’ CONTACTS
EHLERS’ CONTACTS
Stacie Kvilvang, Senior Municipal Advisor

(651) 697-8506

Jason Aarsvold, Senior Municipal Advisor

(651) 697-8512

Keith Dahl, Municipal Advisor

(651) 697-8595

Silvia Johnson, Lead Public Finance Analyst

(651) 697-8580

Alicia Gage, Senior Financial Analyst

(651) 697-8551

Presale Report
City of Hopkins, Minnesota

May 5, 2026
Page 5

City of Hopkins, Minnesota
$7,220,000 General Obligation Bonds, Series 2026B
Issue Summary
Assumes Current Market BQ AA+ Rates plus 50bps

Total Issue Sources And Uses
Dated 06/25/2026 | Delivered 06/25/2026

Sewer Storm Sewer

Issue
Summary

Improvements

Water

Par Amount of Bonds
Prepaid Assessments

$3,400,000.00
611,439.00

$1,375,000.00
-

$1,110,000.00
-

$1,335,000.00
-

$7,220,000.00
611,439.00

Total Sources

$4,011,439.00

$1,375,000.00

$1,110,000.00

$1,335,000.00

$7,831,439.00

Total Underwriter's Discount (1.200%)
Costs of Issuance
Deposit to Capitalized Interest (CIF) Fund
Deposit to Project Construction Fund
Rounding Amount

40,800.00
55,567.88
197,782.37
3,715,774.00
1,514.75

16,500.00
22,472.29
1,332,963.00
3,064.71

13,320.00
18,141.27
1,082,109.00
(3,570.27)

16,020.00
21,818.56
1,297,400.00
(238.56)

86,640.00
118,000.00
197,782.37
7,428,246.00
770.63

Total Uses

$4,011,439.00

$1,375,000.00

$1,110,000.00

$1,335,000.00

$7,831,439.00

Sources Of Funds

Uses Of Funds

Series 2026B GO Bonds - P | Issue Summary | 4/30/2026 | 4:20 PM

City of Hopkins, Minnesota
$7,220,000 General Obligation Bonds, Series 2026B
Issue Summary
Assumes Current Market BQ AA+ Rates plus 50bps

Debt Service Schedule

Date

Principal

Coupon

Interest

Total P+I

Fiscal Total

06/25/2026
02/01/2027
08/01/2027
02/01/2028
08/01/2028
02/01/2029
08/01/2029
02/01/2030
08/01/2030
02/01/2031
08/01/2031
02/01/2032
08/01/2032
02/01/2033
08/01/2033
02/01/2034
08/01/2034
02/01/2035
08/01/2035
02/01/2036
08/01/2036
02/01/2037
08/01/2037
02/01/2038
08/01/2038
02/01/2039
08/01/2039
02/01/2040
08/01/2040
02/01/2041
08/01/2041
02/01/2042

505,000.00
520,000.00
535,000.00
550,000.00
565,000.00
590,000.00
605,000.00
625,000.00
650,000.00
675,000.00
700,000.00
700,000.00

3.100%
3.200%
3.250%
3.300%
3.450%
3.550%
3.700%
3.850%
3.950%
4.050%
4.050%
4.100%

158,868.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
124,562.50
124,562.50
116,242.50
116,242.50
107,548.75
107,548.75
98,473.75
98,473.75
88,727.50
88,727.50
78,255.00
78,255.00
67,062.50
67,062.50
55,031.25
55,031.25
42,193.75
42,193.75
28,525.00
28,525.00
14,350.00
14,350.00

158,868.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
637,390.00
124,562.50
644,562.50
116,242.50
651,242.50
107,548.75
657,548.75
98,473.75
663,473.75
88,727.50
678,727.50
78,255.00
683,255.00
67,062.50
692,062.50
55,031.25
705,031.25
42,193.75
717,193.75
28,525.00
728,525.00
14,350.00
714,350.00

158,868.00
264,780.00
264,780.00
264,780.00
769,780.00
769,125.00
767,485.00
765,097.50
761,947.50
767,455.00
761,510.00
759,125.00
760,062.50
759,387.50
757,050.00
728,700.00

Total

$7,220,000.00

-

$2,859,933.00

$10,079,933.00

-

Yield Statistics
Bond Year Dollars
Average Life
Average Coupon

$75,642.00
10.477 Years
3.7808797%

Net Interest Cost (NIC)
True Interest Cost (TIC)
Bond Yield for Arbitrage Purposes
All Inclusive Cost (AIC)

3.8954192%
3.9053986%
3.7628185%
4.1032009%

IRS Form 8038
Net Interest Cost
Weighted Average Maturity

Series 2026B GO Bonds - P | Issue Summary | 4/30/2026 | 4:20 PM

3.7808797%
10.477 Years

City of Hopkins, Minnesota
$7,220,000 General Obligation Bonds, Series 2026B
Issue Summary
Assumes Current Market BQ AA+ Rates plus 50bps

Net Debt Service Schedule

Principal Coupon

Interest

Total P+I

CIF

Net New D/S

Fiscal
Total

06/25/2026
02/01/2027
08/01/2027
02/01/2028
08/01/2028
02/01/2029
08/01/2029
02/01/2030
08/01/2030
02/01/2031
08/01/2031
02/01/2032
08/01/2032
02/01/2033
08/01/2033
02/01/2034
08/01/2034
02/01/2035
08/01/2035
02/01/2036
08/01/2036
02/01/2037
08/01/2037
02/01/2038
08/01/2038
02/01/2039
08/01/2039
02/01/2040
08/01/2040
02/01/2041
08/01/2041
02/01/2042

505,000.00
520,000.00
535,000.00
550,000.00
565,000.00
590,000.00
605,000.00
625,000.00
650,000.00
675,000.00
700,000.00
700,000.00

3.100%
3.200%
3.250%
3.300%
3.450%
3.550%
3.700%
3.850%
3.950%
4.050%
4.050%
4.100%

158,868.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
124,562.50
124,562.50
116,242.50
116,242.50
107,548.75
107,548.75
98,473.75
98,473.75
88,727.50
88,727.50
78,255.00
78,255.00
67,062.50
67,062.50
55,031.25
55,031.25
42,193.75
42,193.75
28,525.00
28,525.00
14,350.00
14,350.00

158,868.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
132,390.00
637,390.00
124,562.50
644,562.50
116,242.50
651,242.50
107,548.75
657,548.75
98,473.75
663,473.75
88,727.50
678,727.50
78,255.00
683,255.00
67,062.50
692,062.50
55,031.25
705,031.25
42,193.75
717,193.75
28,525.00
728,525.00
14,350.00
714,350.00

(31,386.69)
(41,263.90)
(41,263.90)
(41,933.94)
(41,933.94)
-

127,481.31
91,126.10
91,126.10
90,456.06
90,456.06
132,390.00
132,390.00
132,390.00
637,390.00
124,562.50
644,562.50
116,242.50
651,242.50
107,548.75
657,548.75
98,473.75
663,473.75
88,727.50
678,727.50
78,255.00
683,255.00
67,062.50
692,062.50
55,031.25
705,031.25
42,193.75
717,193.75
28,525.00
728,525.00
14,350.00
714,350.00

127,481.31
182,252.20
180,912.12
264,780.00
769,780.00
769,125.00
767,485.00
765,097.50
761,947.50
767,455.00
761,510.00
759,125.00
760,062.50
759,387.50
757,050.00
728,700.00

Total

$7,220,000.00

-

$2,859,933.00

$10,079,933.00

(197,782.37)

$9,882,150.63

-

Date

Significant Dates
Dated
First available call date

Series 2026B GO Bonds - P | Issue Summary | 4/30/2026 | 4:20 PM

6/25/2026

City of Hopkins, Minnesota
$7,220,000 General Obligation Bonds, Series 2026B
Issue Summary
Assumes Current Market BQ AA+ Rates plus 50bps

Debt Service Schedule

Principal Coupon

Interest

Total P+I

CIF

Net New D/S

105% of Total

Assessments

Water
Revenue

Sewer Storm Sewer
Revenue
Revenue Levy/(Surplus)

02/01/2027
02/01/2028
02/01/2029
02/01/2030
02/01/2031
02/01/2032
02/01/2033
02/01/2034
02/01/2035
02/01/2036
02/01/2037
02/01/2038
02/01/2039
02/01/2040
02/01/2041
02/01/2042

505,000.00
520,000.00
535,000.00
550,000.00
565,000.00
590,000.00
605,000.00
625,000.00
650,000.00
675,000.00
700,000.00
700,000.00

3.100%
3.200%
3.250%
3.300%
3.450%
3.550%
3.700%
3.850%
3.950%
4.050%
4.050%
4.100%

158,868.00
264,780.00
264,780.00
264,780.00
264,780.00
249,125.00
232,485.00
215,097.50
196,947.50
177,455.00
156,510.00
134,125.00
110,062.50
84,387.50
57,050.00
28,700.00

158,868.00
264,780.00
264,780.00
264,780.00
769,780.00
769,125.00
767,485.00
765,097.50
761,947.50
767,455.00
761,510.00
759,125.00
760,062.50
759,387.50
757,050.00
728,700.00

(31,386.69)
(82,527.80)
(83,867.88)
-

127,481.31
182,252.20
180,912.12
264,780.00
769,780.00
769,125.00
767,485.00
765,097.50
761,947.50
767,455.00
761,510.00
759,125.00
760,062.50
759,387.50
757,050.00
728,700.00

133,855.38
191,364.81
189,957.73
278,019.00
808,269.00
807,581.25
805,859.25
803,352.38
800,044.88
805,827.75
799,585.50
797,081.25
798,065.63
797,356.87
794,902.50
765,135.00

45,480.55
44,073.44
42,666.34
41,259.22
39,852.12
38,444.99
37,037.89
35,630.79
34,223.67
32,816.57
31,409.47
30,002.35
28,595.25
27,188.15
25,781.03
-

31,822.88
53,038.13
53,038.13
53,038.13
152,788.13
149,695.88
151,753.88
153,591.38
149,953.13
151,399.50
152,549.25
153,331.50
153,730.50
153,796.13
153,517.88
153,027.00

25,677.23
42,795.38
42,795.38
42,795.38
121,545.38
124,354.13
121,666.13
124,186.13
121,240.88
123,411.75
125,307.00
121,616.25
123,025.88
124,128.38
124,913.25
120,235.50

30,874.73
51,457.88
51,457.88
51,457.88
145,957.88
148,278.38
150,336.38
146,923.88
148,708.88
150,155.25
146,055.00
147,031.50
147,632.63
147,905.63
147,840.00
147,561.75

89,468.41
348,125.51
346,807.89
345,064.99
343,020.21
345,918.33
348,044.68
344,264.78
345,099.65
345,081.38
344,338.60
342,850.35
344,310.75

Total

$7,220,000.00

-

$2,859,933.00

$10,079,933.00

(197,782.37)

$9,882,150.63

$10,376,258.16

$534,461.83

$2,020,071.38

$1,629,693.98

$1,959,635.48

$4,232,395.50

Date

Significant Dates
Dated
First Coupon Date

6/25/2026
2/01/2027

Yield Statistics
Bond Year Dollars
Average Life
Average Coupon

$75,642.00
10.477 Years
3.7808797%

Net Interest Cost (NIC)
True Interest Cost (TIC)
Bond Yield for Arbitrage Purposes
All Inclusive Cost (AIC)

3.8954192%
3.9053986%
3.7628185%
4.1032009%

Series 2026B GO Bonds - P | Issue Summary | 4/30/2026 | 4:20 PM

City of Hopkins, Minnesota
$365,609 General Obligation Bonds, Series 2026B
Remaining Assessments
Fixed Rate - Equal Principal

Assessments
Date

Principal

Coupon

Interest

Total P+I

12/31/2026
12/31/2027
12/31/2028
12/31/2029
12/31/2030
12/31/2031
12/31/2032
12/31/2033
12/31/2034
12/31/2035
12/31/2036
12/31/2037
12/31/2038
12/31/2039
12/31/2040

24,373.94
24,373.94
24,373.94
24,373.94
24,373.94
24,373.93
24,373.93
24,373.93
24,373.93
24,373.93
24,373.93
24,373.93
24,373.93
24,373.93
24,373.93

5.773%
5.773%
5.773%
5.773%
5.773%
5.773%
5.773%
5.773%
5.773%
5.773%
5.773%
5.773%
5.773%
5.773%
5.773%

21,106.61
19,699.50
18,292.40
16,885.28
15,478.18
14,071.06
12,663.96
11,256.86
9,849.74
8,442.64
7,035.54
5,628.42
4,221.32
2,814.22
1,407.10

45,480.55
44,073.44
42,666.34
41,259.22
39,852.12
38,444.99
37,037.89
35,630.79
34,223.67
32,816.57
31,409.47
30,002.35
28,595.25
27,188.15
25,781.03

Total

$365,609.00

-

$168,852.83

$534,461.83

Significant Dates
Filing Date
First Payment Date

Series 2026B GO Bonds - A | SINGLE PURPOSE | 4/30/2026 | 4:20 PM

1/01/2026
12/31/2026