--- ## author: Davis, Allison date: D:20260624144227-05'00' --- ## City Council Agenda June 24, 2026 | 7:40 PM or immediately following the Housing and Redevelopment Meeting NOTE: The Resolution for Item 8A has been updated to add the General Obligation Sales Tax Revenue Bonds, Series 2026A sale results from June 24, 2026. This City Council meeting is taking place virtually and at the Woodbury City Hall in the Council Chambers. Meetings are recorded by TrueLens Community Media and are broadcast live and replayed on cable channel 799. Meetings are also available on the City of Woodbury’s YouTube channel. Members of the public may attend the meeting in person and may also join the meeting using a computer, tablet, or smartphone and accessing the virtual meeting link at woodburymn.gov/VirtualMeetings. Public comments will be accepted during the meeting both in person and virtually. Virtual questions should be submitted via the online Q&A feature within the virtual meeting link. Questions regarding the meeting will also be taken between the hours of 8:00 a.m. to 4:30 p.m. at 651-714-3524 or at council@woodburymn.gov. Questions received after 4:30 p.m. will be responded to in the next three to seven business days. Please note that all agenda times are estimates. 1.Call to Order 2.Pledge to Flag 3.Roll Call 4.Special Order of Business ## 4A.Presentation of Minnesota Recreation and Park Association Award of ## Excellence – Park and Facility; Central Park Renovation and Addition 26-129 5.Open Forum The Open Forum is a portion of the Council meeting where a maximum of three persons will be allowed to address the Council on subjects which are not a part of the meeting agenda. Persons wishing to speak must complete a sign-up sheet prior to the start of the meeting and give the sign-up sheet to any staff person, or may also submit a question or comment virtually via the Q&A chat feature on the right side of the live event screen. Please provide your name and city of residence with your ## Watch the Live Meeting ## Woodbury City Council Agenda June 24, 2026 | 7:40 PM or immediately following the Housing and Redevelopment Meeting question for the official record. Speakers are limited to three minutes each. The Council will listen attentively to comments but, in most instances, will not respond at the meeting. Typically, replies to the concerns expressed will be made via letter or phone call within a week. 6.Consent Agenda All items listed under the consent agenda are considered to be routine by the City Council and will be enacted by one motion and an affirmative vote by roll call of a majority of the members present. There will be no separate discussion of these items unless a Council Member or citizen so requests, in which event, the items will be removed from the consent agenda and considered a separate subject of discussion by the Council. 6A.Approval of Minutes: 1. City Council Workshop Meeting - June 10, 2026 2. City Council Meeting - June 10-, 2026 Staff recommends Council approve the City Council Workshop meeting minutes from June 10, 2026 and the City Council meeting minutes from June 10, 2026. ## 6B.Approval of Accepting the Metropolitan Council Water Efficiency Grant, ## Executing the Grant Agreement, and Approving Associated Budget Amendment 26-130 Staff recommends Council adopt RESOLUTION 26-74, a resolution accepting ## the Metropolitan Council Water Efficiency Grant, executing the grant agreement, and approving the associated budget amendment. 6C.Approval of the Adoption of 2027 – 2031 Capital Improvement Plan 26-131 Staff recommends City Council adopt the 2027 – 2031 Capital Improvement Plan. 6D.Abstract of Bills The abstract of bills includes payments made from the operating or project budgets for expenses of the city. The expenditures are from all funds of the city. Any purchased contracts requiring signature of the Mayor and City Administrator are hereby approved. Staff recommends approval of the abstract of bills for May 29, 2026 in the amount of $1,112,392.07, and June 5, 2026 in the amount of $1,986,772.47. ## Woodbury City Council Agenda June 24, 2026 | 7:40 PM or immediately following the Housing and Redevelopment Meeting 7.Public Hearing In order to allow for a full airing of all speaker comments, individual remarks may not exceed 10 minutes each. If a speaker determines that more time is necessary, they are advised to make a request in writing to the Mayor at least three days prior to the hearing. If there are more than three (3) green sheets submitted to make comments at a public hearing, the Mayor may reduce the individual time allotted to each speaker so that all interested parties have the opportunity to provide their comments within the aggregate thirty-minute (30) public comment period of the public hearing process. Remarks or points already made by someone else should not be repeated, unless simply to state that they are “opposed” to, or “favor” the issue. Remarks should be limited to the subject at hand only. Speakers are encouraged to coordinate presentations to the extent possible.Those in attendance at the Public Hearing will refrain from applause, or other expressions of emotion, whether in favor of, or opposition to, any particular application or argument. Inappropriate language, outbursts or criticisms aimed at individuals or groups are not allowed. 7A.Consider Approval of an On Site Intoxicating Liquor License Including Sunday and Patio Sales for Create Restaurants MN LLC dba Hazelwood Food and Drink 26-132 ## 1. Open Hearing ## 2. Close Hearing 3. Staff recommends Council approve an On Sale Intoxicating Liquor License including Sunday and Patio Sales to Create Restaurants MN LLC dba Hazelwood Food and Drink located at 9240 Hudson Road. 8.Discussion ## 8A.Consider Approval of Sale of $41,295,000 General Obligation Sales Tax ## Revenue Bonds, Series 2026A 26-133 1. Staff recommends Council Adopt RESOLUTION 26-75, a resolution awarding the sale of General Obligation Sales Tax Revenue Bonds, Series 2026A, in the aggregate principal amount of $41,295,000; fixing their form and specifications; directing their execution and delivery; and providing for their payment; and 2. Authorize the CFO/Controller to enter into an agreement with Ehlers for arbitrage calculations and the continuing disclosure requirements of the bonds. 8B.Consider Approval of the Bailey West Master Plan 26-134 At their June 15, 2026 meeting the Planning Commission reviewed the Bailey West Master Plan. At that time, they recommended approval of the plan by a 6- 0 vote. Staff concur and recommends Council adopt RESOLUTION 26-76, a resolution adopting the Bailey West Master Plan. ## Woodbury City Council Agenda June 24, 2026 | 7:40 PM or immediately following the Housing and Redevelopment Meeting 9.Staff Reports 9A.Transportation Report ## 9B.City Administrator Update 10.Adjournment The City of Woodbury is subject to Title II of the Americans with Disabilities Act, which prohibits discrimination on the basis of disability by public entities. The City is committed to full implementation of the Act to our services, programs, and activities. Information regarding the provisions of the Americans with Disabilities Act is available from the Administration office at 651- 714-3500. Auxiliary aids for disabled persons are available upon request at least 72 hours in advance of an event. Please call the ADA Coordinator at 651-714-3500 (TDD 731-5796) to make arrangements. ## 4A ## City of Woodbury, Minnesota ## Office of City Administrator ## Council Letter 26-129 June 24, 2026 ## To:The Honorable Mayor and Members of the City Council ## From:Jeffrey J. Dahl, City Administrator ## Subject:Presentation of Minnesota Recreation and Park Association Award of ## Excellence – Park and Facility; Central Park Renovation and Addition ## Summary Each year the Minnesota Recreation and Park Association (MRPA) recognizes agencies or organizations in Minnesota for outstanding achievements in the following "Award of Excellence" categories: Administrative or Management Strategies Marketing and Communications Park and Facility Programming and Events Sponsorship and Partnerships Volunteer Initiatives A major goal of the Awards of Excellence program is to increase public awareness and appreciation of the excellent parks, trails, and recreation services available in Minnesota. Public presentations of the awards are made before the agencies’ governing bodies. In May 2026, the Minnesota Recreation and Parks Association selected the Central Park Renovation an Award of Excellence in the parks and facility category, and the committee had this to say about the project and nomination; “We are also excited to share that your project has been selected for the distinguished Tommy Johnson Award. This award is presented to one project that best reflects Tommy Johnson’s legacy of innovation, creativity, and forward-thinking ideas, work that helps shape future trends, introduces new approaches and resources, and brings forward exciting concepts within the parks and recreation profession. The committee was especially impressed by the visionary nature of your project and its contribution to advancing the field.” ## Recommendation Staff recommends Council accept the Minnesota Recreation and Parks Association Award of Excellence - Park and Facility for the Central Park Renovation and addition. Staff also recommends ## Council Letter 26-129 June 24, 2026 Page 2 Council recognize the many partners, community members and organizations that supported the project. ## Fiscal Implications Not applicable ## Policy Not applicable ## Public Process This is the first public process for this item. ## Background Minnesota Recreation and Park Association was formed in 1937 to foster the growth and development of parks and recreation profession throughout the state and improve the quality of life in Minnesota by enhancing the profession of parks, open space, recreation, and leisure services. ## Written By:Michelle Okada, Parks and Recreation Director ## Reed Smidt, Recreation Operations Manager ## Approved Through:Jeffrey J. Dahl, City Administrator ## Attachment:None ## Minutes ## Woodbury City Council Workshop Wednesday, June 10, 2026 ## 6A1 Pursuant to the due call and notice thereof, a workshop meeting was held at Woodbury City Hall, 8301 Valley Creek Road, on the 10 th day of June 2026. Present: Mayor Anne Burt; Councilmembers Kim Wilson, Jennifer Santini, Donna Stafford, and Steve Morris. Others Present: Jeffrey Dahl, City Administrator; Angela Gorall, Deputy City Administrator; Lynn Haseleu, Assistant CFO/Budget Manager; Department Heads; and additional staff in-person and on-line. Meeting was called to order at 5:32 p.m. Council agreed to address the Review of Draft 2027-2031 Capital Improvement Plan agenda item first. ## Workshop Discussion Items Review of Draft 2027 – 2031 Capital Improvement Plan (CIP) Gorall introduced the presentation and provided an overview of the CIP and summary pages of the document. Each Department Head then presented CIP requests for the five-year period for their respective department. Council questions, comments, and discussion throughout the presentation. Council provided the following direction to staff: Project 071-PR-26 – Powers Lake Trail Connection Construction – No adjustment to the CIP for the project; direction provided to staff on providing Council detail on the trail design and public engagement prior to proceeding with any construction. Project 110-PW-26 – Parks Recycling Receptacle Conversion – Adjusted to $100,000 per year from the CIF for the next five years. With staff to also work with the County to evaluate effectiveness of the recycling program at parks before proceeding with additional projects in 2028 or later. Project 034-PW-21 - $120,000 for a new mower in 2027 moved to 2028. Project 25-ENG-15 – Afton Rd Fire Station, rename to Afton Rd Fire Station Parking Lot. Project 25-ENG-01 – Safe Streets Priority Projects, adjusting 2027 to $200,000 with staff to report back to Council on projects implemented. Update of Street Reconstruction/Maintenance Fund Status and Discussion of Staff Recommendation on Long Term Funding and Task ## Force Engagement Presentation provided by staff with Council questions, comments, and discussion throughout. Council provided consensus that no task force would be created at this time, no further specific direction was provided. Administrator Comments and updates ## None ## Mayor and City Council Comments and Commission Liaison Updates ## None ## Adjournment Meeting was adjourned at 7:18 p.m. for the regular Council meeting. The Council workshop meeting then resumed at approximately 8:00 p.m. with final adjournment at 9:20 p.m. Respectfully submitted, ## Angela Gorall, Deputy City Administrator Approved by the Woodbury City Council on ________________. ## Minutes ## Woodbury City Council Wednesday, June 10, 2026 ## 6A2 Pursuant to the due call and notice thereof, a regular meeting was duly held virtually and at the Woodbury City Hall, 8301 Valley Creek Road, on the 10 th day of June 2026. ## Call to Order Mayor Anne Burt called the meeting to order at 7:30 p.m., and she welcomed those attending the meeting both in person and virtually. Mayor Burt explained that members of the public may attend the meeting in person and may also join the meeting using a computer, tablet, or smartphone. She stated public comments will be accepted during the meeting both in person and virtually. Virtual questions should be submitted via the online Q&A feature within the virtual meeting link. Questions regarding the meeting will also be taken between the hours of 8:00 a.m. to 4:30 p.m. via email at council@woodburymn.gov or at 651-714-3524. Questions received after 4:30 p.m. will be responded to in the next three to seven business days. Mayor Burt stated that meetings are recorded through True Lens Community Media and are broadcast live and replayed on cable channel 799. Meetings are also available on the City of Woodbury’s YouTube channel. Members of the public are welcome to join and have an opportunity to speak in person, or can watch virtually. Virtual questions can be submitted online, and the City Clerk will monitor them throughout the meeting. ## Pledge to Flag Audience, staff, and Council pledged allegiance to the flag of the United States of America. ## Roll Call Upon roll call the following were present: Mayor Anne Burt, Councilmembers: Kim Wilson, Donna Stafford, Steve Morris, and Jennifer Santini. ## Absent: None Others Present: Angela Gorall, Deputy City Administrator; Kevin Sandstrom, City Attorney; and Jeffrey Dahl, City Administrator. ## Special Order of Business ## No Items Scheduled ## Open Forum Andrew Murray, City resident, asked the Council for transparency around public safety facility funding and whether any such funding could create obligations to accommodate federal law enforcement agencies like ICE. He urged the Council to adopt a Resolution opposing the construction of an ICE detention facility in the City, and to prohibit ICE agents from staging on City property. It has been well documented that ICE has operated outside of its constitutional bounds, and accountability has been removed from the agency. There has still not been any accountability for the two agents who murdered two Minnesotans. He respectfully pushed back on comments made by the Council, suggesting that immigration enforcement in Minnesota is winding down or is altogether over. Tactics have shifted and are receiving less media coverage. He pointed out that there has been competitive authoritarianism, which is a strategy employed by right-wing movements globally that involves consolidating media control, redistributing governmental power to political allies, manipulating electoral systems, and weakening judicial independence. He asked the Council to be transparent and forthcoming with residents about agreements involving federal law enforcement going forward. He asked for information to be included in the newsletter and the City website. The information could include the answer to the questions about the current status of the contracts with DHS, ICE, and CBP at the Hero Center, and the details around federal funding or State funding for the Woodbury Public Safety Campus Project. Lori Pelerite, City resident, agreed with Mr. Murray’s comments and referenced Brookings Institution's statistics. Between January 2025 and April 2026, approximately 400,000 people were detained by ICE. Of those detained, 205,000 children were impacted, and 22,000 have been left without a parent in the home. There is no system in place. This is not what residents want in the community. Residents want the Council to adopt a Resolution that includes a recorded vote. Julie Miller Hayes, City resident, stated the community wants to know where the Council stands on using a facility for ICE in the City. The Council has not made a basic statement. The community wants to know if the Council is fine with renting the City’s buildings for ICE activity, and wants the Council to pass a Resolution on the record if they are fine with ICE using the City’s facilities. She added that the community wants the Council to create a policy about letting the citizens have a vote about having ICE rent facilities in the City. ## City Council Meeting Minutes Wednesday, June 10, 2026 Page 2 of 3 Kelly Teima, City resident, stated there are residents who are in favor of ICE having access to facilities in the City. She added that she is pro- military and law enforcement, and the City needs ICE for safety. Tom Schmitt, City resident, expressed support for law and order and added that we need to get back to righteousness and justice. There are many people in the community who want law and order. He stated that he is fine with his tax dollars going towards training. Mayor Burt asked City Administrator Jeffrey Dahl to clarify the usage of facilities in the City. Mr. Dahl replied that there was a previous public comment asking about a 287(g) agreement and if there was any space being programmed in the new public safety building for cooperation with other law enforcement parties like ICE. He noted the information he would share would be included on the City’s website. A 287(g) agreement is a formal partnership between local law enforcement agencies and the US Immigration and Customs Enforcement (ICE) authorized under section 287(g) of the Immigration and Nationality Act. The agreements allow specially trained local officers or deputies and counties to perform certain federal immigration enforcement functions under ICE supervision. Woodbury Public Safety does not have, nor has ever had, and is not interested in pursuing any type of 287(g) agreement with ICE. No space in the new facility is being programmed for ICE or any other law enforcement agency. There will be a dedicated workspace in the building for the two Washington County social workers assigned and embedded with the community support team. ## Consent Agenda ## Item A1. Approval of Council Workshop Minutes— May 27, 2026 2. Approval of Council Minutes – May 13, 2026 3. Approval of Council Minutes – May 27, 2026 Item BTo adopt a motion authorizing the Mayor and City Administrator to execute an Electrical Inspection Services Agreement with Kohout Inspections, LLC, an independent contractor, as approved by the City Attorney. The term of the Agreement shall run from July 1, 2026, to June 30, 2031. Item CTo adopt the following resolutionResolution 26-72 Resolution of the City of Woodbury, Washington County, Minnesota authorizing the acceptance of the Woodbury Community Foundation Grant and approving the associated budget amendment. Item DTo adopt a motion to review and accept the 2026 First Quarter Budgeted Fund Summary Report as provided with Council Letter 26-123. Item ETo adopt the following resolutionResolution 26-73 Resolution of the City of Woodbury, Washington County, Minnesota, approving the labor contract between the City of Woodbury and the Woodbury Police (Sergeants) Law Enforcement Labor Services union, and authorize required signatures. Item FTo approve the designation of Deputy Clerks as the Responsible Authority in the absence of the City Clerk. Item GThe abstract of bills includes payments made from the operating or project budgets for expenses of the city. The expenditures are from all funds of the city. Any purchased contracts requiring signature of the mayor and City Administrator is hereby approved. Staff recommends approval of the abstract of bills for May 15, 2026 in the amount of $6,183,265.73, May 19, 2026 in the amount of $10,028.11, and May 22, 2026 in the amount of $6,552,062.41. Councilmember Stafford moved, seconded by Councilmember Morris, to approve the Consent Agenda items. Voting via voice: Kim Wilson – aye Donna Stafford – aye Steve Morris – aye Jennifer Santini – aye Anne Burt – aye ## Public Hearings ## No Items Scheduled ## City Council Meeting Minutes Wednesday, June 10, 2026 Page 3 of 3 ## Discussion ## No Items Scheduled ## City Administrator’s Report Mr. Dahl highlighted summer recreation programs and noted that they kicked off this week. There are still opportunities for community members to sign up, and information can be found on the City’s website. Tomorrow, Destination Woodbury will be launching its new Know and Go e-newsletter. The newsletter will feature seasonal activities, local deals and discounts, business spotlights, and upcoming community events. The finance team recently had the AAA bond rating reaffirmed, which is the highest rating possible and creates several important benefits to the community, and can borrow money at much lower interest rates than most governments, and saves taxpayers money. During the July 8 th City Council meeting, the Council will recognize the first responders who were involved in a recent incident on the St. Croix Bridge. He noted the Dick Stafford Charity Golf Tournament hosted by the Lions Club would be on August 10 th . More information can be found on the Woodbury Lions’ website. Mayor Burt encouraged the community to sign up for the Adopt a Drain Program to help keep drains cleared. ## Adjournment Mayor Burt moved, seconded by Councilmember Morris, to adjourn the meeting at 7:52 p.m. ## Voting in Favor:Wilson, Stafford, Morris, Santini, Burt ## Absent: None Respectfully submitted, _________________________________________________ ## Kimberly Lucio Wegele, Executive Assistant/Deputy Clerk Approved by the Woodbury City Council on June 24, 2026. ## 6B ## City of Woodbury, Minnesota ## Office of City Administrator ## Council Letter 26- June 24, 2026 ## To:The Honorable Mayor and Members of the City Council ## From:Jeffrey J. Dahl, City Administrator ## Subject:Approval of Accepting the Metropolitan Council Water Efficiency Grant, Executing ## the Grant Agreement, and Approving Associated Budget Amendment ## Summary The Metropolitan Council was awarded $1,400,000 from Minnesota Clean Water, Land and Legacy Amendment funds for a Water Efficiency Grant Program during the 2026-2028 biennium to support technical and behavioral changes that improve municipal water use efficiency in the seven-county metropolitan area. The City applied for the Metropolitan Council Water Efficiency Grant and was awarded $52,000 on May 19, 2026. The grant funding will be used to continue the Toilet Replacement Rebate Program focused on homestead residences and to supplement the Commercial and Homeowners Association (HOA) Cost Share Program. ## Recommendation Staff recommends Council adopt the attached resolution accepting the Metropolitan Council Water Efficiency Grant, executing the grant agreement, and approving the associated budget amendment. ## Fiscal Implications The City was awarded funds in the amount of $52,000 from the Metropolitan Council with a required 20 percent project match of City funds. The 2026 Adopted Water & Sewer Utility Fund Budget includes the required $13,000 match for the Water Efficiency Grant. A budget amendment in the amount of $52,000 is necessary to account for the additional revenue and expense for a total project cost of $65,000. ## Policy This project aligns with AD-ADMFIN-1.11 - Grant Application and Management Policy and CD-ENGPW- 4.11 Water Efficiency Incentive Program. ## Public Process This is the first public process for this item. ## Council Letter 26- June 24, 2026 Page 2 ## Background The City has successfully secured these grant funds since 2015, using them to support a variety of water efficiency initiatives. In 2015, grant funding was used to improve City-operated irrigation systems. In 2020, the grant provided assistance for the replacement of toilets in pre-1992 apartment units with high-efficiency EPA WaterSense certified models. In 2022, funding supported the launch of the City's Toilet Replacement Rebate Program for residential water customers, and in 2024, the grant enabled the continuation of that program. Since 2022, the City has facilitated the replacement of more than 1,000 toilets with EPA WaterSense certified high-efficiency models throughout the community. These upgrades are estimated to save more than 15 million gallons of water annually, averaging approximately 13,000 gallons per toilet each year. For the 2026–2028 grant cycle, funding will be used to continue the Toilet Replacement Rebate Program, which provides a $100 rebate to eligible homesteaded properties that replace existing toilets with an EPA WaterSense certified high-efficiency model. In addition, grant funds will support the Commercial and HOA Cost Share Program for WaterSense irrigation improvements. These initiatives advance the goals of the Woodbury Water Wise Implementation Plan and the Environmental Stewardship Plan. ## Written By:Heidi Quinn, Environmental Resources Specialist ## Approved Through:Chris Hartzell, Engineering Director ## Attachment:Resolution Resolution 26-74 Resolution of the City of Woodbury, ## Washington County, Minnesota Accepting the Metropolitan Council Water Efficiency Grant, Executing the Grant Agreement, and ## Approving the Associated Budget Amendment WHEREAS, the City of Woodbury has prepared a grant proposal for the purpose of continuing the Toilet Replacement Rebate Program and to supplement the Commercial and ## Homeowner Association Cost Share Program; and WHEREAS, the City of Woodbury’s Water Efficiency Grant application was accepted and approved; and ## WHEREAS, the Metropolitan Council Water Efficiency Grant Program selected Woodbury to receive grant funding up to $52,000; and WHEREAS, the Metropolitan Council requires that the City of Woodbury enter into an agreement that identifies the terms and conditions of the funding award; and WHEREAS, Minn. Stat. § 465.03 requires a City to accept grants by resolution expressing the terms prescribed by the donor in full; and WHEREAS, a resolution from the City Council authorizing the City of Woodbury to accept grants is required. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Woodbury, ## Washington County, Minnesota as follows: 1. Acceptance of Metropolitan Council Water Efficiency Grant of $52,000 is hereby authorized in accordance with the terms set forth herein. 2. The Mayor and City Administrator are hereby authorized to execute the above agreement with the Metropolitan Council. BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Washington County, Minnesota to approve the following revenue increase to the 2026 City Budget: ## Fund/Division/AccountAmount ## Water & Sewer Utility Fund – Water Division ## Local Grants & Aids 601-60-675-00000-433015-000-$52,000 Resolution 26-74 June 24, 2026 Page 2 BE IT FURTHER RESOLVED that the following 2026 expense increase be made: ## Fund/Division/AccountAmount ## Water & Sewer Utility Fund – Water Division ## Professional Services-Water Efficiency Programs 601-60-675-00000-530080-000-$52,000 This Resolution was declared duly passed and adopted and was signed by the Mayor and attested to by the City Administrator this 24 th day of June, 2026. ## Attest: ## Anne W. Burt, Mayor ## Jeffrey J. Dahl, City Administrator(SEAL) ## 6C ## City of Woodbury, Minnesota ## Office of City Administrator ## Council Letter 26-131 June 24, 2026 ## To:The Honorable Mayor and Members of the City Council ## From:Jeffrey J. Dahl, City Administrator Subject:Approval of the Adoption of 2027 – 2031 Capital Improvement Plan ## Summary City Council reviewed the five-year Capital Improvement Plan (CIP) with staff at the June 10 workshop meeting. Revisions and direction to staff for the final document include: Project 071-PR-26 – Powers Lake Trail Connection Construction – No adjustment to the CIP for the project; direction provided to staff on providing Council detail on the trail design and public engagement prior to proceeding with any construction. Project 110-PW-26 – Parks Recycling Receptacle Conversion – Adjusted to $100,000 per year from the CIF for the next five years. With staff to also work with the County to evaluate effectiveness of the recycling program at parks before proceeding with additional projects in 2028 or later. Project 034-PW-21 - $120,000 for a new mower in 2027 moved to 2028. Project 25-ENG-15 – Afton Rd Fire Station, rename to Afton Rd Fire Station Parking Lot Project 25-ENG-01 – Safe Streets Priority Projects, adjusting 2027 to $200,000 with staff to report back to Council on projects implemented. Any other comments or suggestions as provided at the workshop are under advisement by staff and will be considered for discussion at future budget meetings or for next year’s CIP. ## Recommendation Staff recommends City Council adopt the 2027 – 2031 Capital Improvement Plan. ## Fiscal Implications As a reminder, the CIP is a planning tool and is updated and revised each year to reflect the changing needs and priorities of the City. Adoption of the plan does not give actual approval or appropriation to any of the projects. All projects will come back to the City Council either through the annual budget process or as project specific Council actions requesting spending authorization. ## Council Letter 26-131 June 24, 2026 Page 2 ## Policy In accordance with the obligations set forth in Section 2-45 (a) (5) of the City of Woodbury Code of Ordinances, the City Administrator shall prepare an annual fiscal budget and capital improvement plan for City Council and maintain financial guidelines for the City within the scope of the approved budget and capital program. ## Public Process The Council reviewed the Capital Improvement Plan at the June 10, 2026, Council workshop. ## Background The CIP is a planning document that presents a five-year overview of the scheduled capital projects and equipment needs of the City. The five-year horizon of the CIP provides the City Council with an opportunity to evaluate project priorities and to adjust the timing, scope and cost as new information becomes available. The information contained in this CIP represents staff’s best estimate of the improvement costs and equipment purchases based on present knowledge and expected conditions. During the preparation process, staff focused on setting priorities and identifying which projects could reasonably be accomplished within each year with available staff capacity. Contractual obligations and/or needs were also considered in setting the priorities. Capital improvements are funded through a variety of sources including the use of fund balance/reserves, property taxes, special assessments, fees, debt financing, grants, state aid and operating revenues. All available current and future resources were considered when identifying funding sources for the identified capital improvements. ## Written By:Angela Gorall, Deputy City Administrator ## Approved Through:Jeffrey J. Dahl, City Administrator ## Attachments:2027 – 2031 Capital Improvement Plan ## Capital ## Improvement ## Plan ## Woodbury, Minnesota 2027-2031 1 This page intentionally left blank 2 ## 2027-2031 Capital Improvement Plan ## Dear Mayor and Members of the City Council: City staff is pleased to present the 2027-2031 Capital Improvement Plan (CIP). The CIP outlines our long-term investments in utilities, transportation, public safety, public facilities, parks, recreational and environmental improvements. The citywide projects included in the CIP comply with long-term planning objectives, satisfy the parameters of Woodbury’s Comprehensive Plan, implements capital aspects of the three City Council Strategic Initiatives and make meaningful improvements to our City. The FY 2027 – FY 2031 CIP totals $262,161,000 in capital projects over the five-year plan. As we were faced with making difficult decisions to balance the CIP in light of funding and staffing capacity limitations given the volume of historically large projects, we have given great scrutiny to project timing and what needs to be delayed or cut from the plan. Identifying funding for capital needs remains a high- level priority of this capital planning effort to assure it is balanced. Overall funding for the CIP is sufficient; however, the plan does require the use of debt financing as is shown in the plan. Woodbury’s debt levels continue to be low, particularly for a growing city. ## Capital Improvement Planning The Capital Improvement Plan (CIP) is a 5-year plan that identifies priorities and a timeframe for undertaking capital projects and provides a financing plan for those projects. The CIP is not an appropriation of legal expenditure authorization. It is an important planning step ahead of the annual budget development process. The first year of the CIP will be incorporated into the annual budget process with potential cost updates and project adjustments. For the CIP funds included in the Annual Budget, most CIP expenditures are listed as capital outlay. For the CIP funds not included in the Annual Budget, appropriation occurs through individual City Council actions. The Annual Budget or individual City Council approvals create the appropriation for the capital spending. The subsequent or outlying years of the CIP are updated and revised each year to reflect the changing needs and priorities of the City. Projects and financing sources are not authorized until the Annual Budget is adopted or the project is individually approved by the City Council. The outlying years serve only as a guide for future planning and are subject to further review and modification in subsequent years. ## Definition Capital ## Outlay Expenditures made to acquire, reconstruct, or construct major fixed or capital assets. Capital assets also are called fixed assets. A fixed asset is a tangible object of a long-term character which will continue to be held or used, such as land, buildings, machinery, furniture and other equipment. A capital asset exceeds $10,000 in cost and has an estimated useful life of at least one year following the date of acquisition. 3 ## Highlights to Capital Improvement Plan Starting with the 2023-2027 Capital Improvement Plan, notable changes were made to the reporting and document as compared to past years. This is the fifth year for the new reporting formats and use of a CIP software. This is the second year for the software having been migrated to a cloud-based application allowing for even greater staff efficiency and access to information. With this migration, some reporting may look different when compared to the previous years. Updates continue to provide a more comprehensive approach for staff to provide project details, prioritization, funding sources, expenditure details, etc. A focus of the plan continues to be provided on ensuring means- testing of projects against capital funds (verifying available fund balances). The following are additional notable items for this year’s CIP:  A Water Treatment Infrastructure section continues to be utilized, similar to last year. While this is not an actual City department, segregating this significant project and the workload associated with it is so notable its segmentation continues to be warranted. It should be noted that within this section, exact project timing is estimated as some projects may occur in a later year or be multi-year. Note also that project expenditures occurred prior to this current five-year CIP, therefore for a full accounting of all project expenditures it is necessary to refer to past year’s financial reporting.  The CIP continues to identify projects as Residential/Commercial Plan B Infrastructure – Entitled and Non-Entitled. These are infrastructure projects funded fully by developers, yet still requiring capacity from the Engineering and Community Development departments for implementation. Entitled projects are considered to be at a stage of authorization that their implementation is necessary to proceed. However, Non-Entitled projects are considered to be at an earlier stage in the development process and not yet fully authorized to proceed or be implemented. Including these projects in the CIP provides a more complete picture of the overall infrastructure activity within the City as well as the required associated workload impacting staff.  The CIP includes two TBD projects with no project expenditures shown at this time. Project 028-PS026 is for a new fire station and project 059-PW-23 for potential conversion of the temporary treatment plant to recreational use (planning expenditures are included in 2028). Both projects are currently in the CIP as a placeholders intended to initiate further conversation and planning. ## Project Categorization For every project in the CIP, a category has been applied (i.e. equipment, parking lot, sewer, etc.). This allows for providing reports that take a long list of projects within a department to be applied to these categories. The goal being that seeing projects grouped in this way allows for ease of review and consideration of projects with more of a policy or prioritization lens. 4 ## Project Prioritization Each project in the CIP is provided a prioritization by staff of one, two, or three as follows: ## Priority One •Items that have a Council-authorized grant or other secured dedicated funding source fully supporting the cost. •Replacement rolling stock or capital equipment replaced at or after policy or depreciation plan. •Mandated by state or federal law, or with an immediate health and safety need. •Committed Council priority or publically promised. •Staff resources available to fulfill project and meet or exceed exceptions, particularly Engineering Dept. involvement. •Clear, demonstrated ROI, mission critical and high impact. •4th or 5th year of project being in the CIP. ## Priority Two •Items that have an anticipated grant or other partial non-property tax dedicated funding source associated with the project or item. •Replacement rolling stock or equipment replaced earlier than replacement policy or depreciation plan. •Desirable from a health and safety perspective, but not required. •Available staff resources (particularly Engineering Dept.) to complete project, but will need to be coordinated with operation and capital priorities. •Potential ROI. •2nd or 3rd year of project being in CIP. •Entitled development-caused capital project. ## Priority Three •New capital equipment, items or projects that do not have any direct funding source other than fund balance. •Completing project will be a staff resource stretch. •No ROI identified. •1st year the project is in CIP. •Non-entitled development caused capital project. 5 ## Community Engagement Planning As part of the internal staff process for developing the CIP, meetings included an additional review and evaluation on community engagement for proposed projects. This additional review sought to ensure that projects were being properly timed, resourced, and staffed to meet expectations of the City’s Community Engagement Resource Guide as well as applicable City policies for project management. ## Capital Improvement Plan Fund Summaries and Funding ## Capabilities ## Annually Budgeted Funds The following capital improvement funds are included in the Capital Improvement Plan. Provided is a brief overview of each fund.  Capital Improvement Fund (CIF) – This fund includes projects for municipal buildings, vehicles and machinery, equipment and various other improvements that are unable to be included in other funds noted below. Revenues for this fund are highly supported by the property tax levy, which fully funds the capital rolling stock and IT equipment depreciation schedules. Spending levels outside of these two categories have historically been dependent on a sizeable annual General Fund transfer and use of CIF fund balance. This has been manageable given typical operational underspending and General Fund revenue collections exceeding budget projections. However, should the City achieve full employment and / or revenues under materialize, providing for the City’s capital needs through a fund balance transfer is annually at risk.  Parks and Trails Replacement Fund – This fund was established with the 2020 budget and is dedicated to the replacement and improvement of parks, park facilities, and trail assets as identified in an established asset replacement plan. Projects involving a limited project scope for replacement or improvements to only portions of these assets are located in the CIF. The funding balance for 2027 is unchanged from its establishment funding ratio of approximately 75% coming from the utility franchise fee (unchanged rates), and 20-25% coming from the property tax levy. This fund has crucially addressed a previous significant unfunded liability.  Park Dedication Fund – This fund accounts for park dedication fees paid by developers and expenditures incurred in the development of City parks. Use of these funds are restricted to the development of new park facilities only. It is anticipated that revenues derived from the Park Dedication fees are not sufficient to support growth and the future park improvement plans of the City. Additional financial support in the form of property taxes to pay for park improvement bonds may be necessary to keep park amenities corresponding to our population and neighborhood needs.  Street Reconstruction / Maintenance Fund – This fund supports a variety of street reconstruction and maintenance projects in existing developments that do not meet requirements to be included in other roadway related funds. The significant expenditures of street reconstruction and maintenance projects follow an action plan that was formulated by 6 a Street Rehabilitation Task Force to correct premature deteriorating residential streets. The City Council adopted this action plan, as implemented through the CIP, to provide expectations for pavement standards and future funding for these projects. Projects are heavily supported by the property tax as well as special assessments and municipal state aid revenues when applicable. The sufficiency of the annual 5.5% levy increase, in place since the early 2000’s, has been recommended for review to ensure financial sustainability of the City’s roadway rehabilitation program.  Community Investment Fund – This fund receives residual surpluses of matured debt funds. Projects are typically of a unique nature as designated by the City Council that have a community benefit. For this CIP, there are currently no projects included to utilize available fund balance.  Tax Abatement I-94 Region Fund – This fund accounts for project related City expenses within the I-94 corridor as being funded through existing, available tax abatement. The fund is currently projected to close by the end of fiscal year 2029 and currently has no projects planned within this CIP.  Enterprise Funds – The following funds are established to report any activity for which a fee is charged to external users for goods or services. Ongoing operations support necessary projects for the listed enterprise functions of the City. Each are notably supported by their own operating income for services they render. o Water and Sewer Utility Fund – A rate increase has been provided for as previously directed by Council. Currently, a debt issuance is scheduled for 2027 to meet the expenditure needs of the fund and to support the build-out of the water treatment plant and pipelines. o Storm Water Utility Fund – A rate increase has been provided for as previously directed by Council. Proceeds from an internal loan has been included to meet the expenditure needs of the fund. o Eagle Valley Golf Course Fund – Capital replacements are covered within this fund, except for major improvements to the clubhouse and golf course. o Sports Center Fund – Capital replacements are covered within this fund, except for major improvements such as to the building and major mechanical replacements. ## Non-Budgeted Funds Any use of the following funds requires Council approval through resolution.  Phase II-Major Roadway Special Assessment Fund – These funds account for revenues collected for roadways that are designated as Municipal Urban Service Area (MUSA) roadway improvement projects.  Trunk Water and Sanitary Sewer Fund – This fund accounts for the collection of water and sanitary sewer area and connection charges from new development. Such balances are committed to future water and sanitary sewer improvements. 7  Trunk Storm Water Area Charge Funds – These funds account for the collection of storm water area charges from new development. Such balances are committed to future storm sewer improvements in specific districts. The following districts are currently in the City, and each have a segregated fund: ## o Central District ## o East Mississippi ## o Ramsey-Washington Metro ## o West Draw ## o Valley Branch ## Impact on Operating Budget When the City commits to a CIP, there is an associated long-range commitment of operating funds. For this reason, it is important to evaluate capital commitments in the context of their long-range operating impact. Most capital projects affect future operating budgets either positively or negatively due to an increase or decrease in maintenance costs or by providing or limiting staff capacity for new programs to be offered. Such impacts vary widely from project to project and, as such, are evaluated individually during the process of assessing project feasibility. The operating impact of capital projects is discussed and taken into consideration during the extensive CIP development process. Estimated new revenues and/or operational efficiency savings associated with projects, along with new on-going costs, are taken into consideration (net operating costs). Departmental staff plan and budget for start-up costs, as well as operation and maintenance of new facilities. The cost of operating new or expanded facilities or infrastructure is included in the operating budget in the fiscal year the asset becomes operational. Staff has completed a review of CIP projects as included in this plan. The following have been found to have more notable operational impacts beyond typically anticipated on-going maintenance or staff implementation: ## Department Project Name Operational Impact ## Various Technology applications Projects are managed by the Information and Communications Technology (ICT) Department for the benefit of various departments, often focused on improving efficiencies and security. Many of these projects yield staff and process efficiencies, while often having increased maintenance or licensing costs. ## Various Energy efficiency projects Several departments include projects related to energy efficiency, hybrid or electric vehicles and building improvements. Such projects are planned to improve energy or fuel-related operating costs. ## Public Works, ## Parks & Forestry New park and trail development As being planned by the Parks and Recreation Department, there are several new park and trail development projects that will require future maintenance by Public Works, Parks and Forestry. This may directly necessitate additional staffing or equipment. 8 ## Public Works, ## Fleet Services New vehicles and machinery The addition of any new, not replacement, vehicles or equipment will require the necessary maintenance to be completed by Fleet Services or contracted out increasing operational costs. ## Capital Improvement Plan Calendar The Capital Improvement Plan development process for the City follows the annual process calendar as provided below. ## Annual Capital Improvement Plan Calendar November Administration and Finance Department provides annual instructions and forms to City staff. Early-February Project requests due from Departments. Feb-May City staff review of draft Capital Improvement Plan. June City Council workshop meeting reviewing Capital Improvement Plan. June-July City Council adoption of Capital Improvement Plan. July-November First year of Capital Improvement Plan incorporated into annual budget process. ## Guiding Policies The following are existing policies that provide necessary guidance in the development and implementation of the CIP:  CD-FIN-5.10 Water and Sanitary Sewer Utility Capital Asset Funding and Reserve ##  CD-FIN-5.11 Capital Assets Policy and Procedures ##  CD-FIN-5.12 Federal Grants and Awards Compliance  CD-FIN-5.4 Fund Balance – General, Special Revenue and Internal Service Funds ##  CD-FIN-5.5 Special Assessments ##  CD-ENGPW-4.2 Roadway Construction and Rehabilitation Financing Policy ##  CD-ENGPW-4.3 Public Infrastructure Improvements for New Residential Development ##  AD-ADMFIN-1.11 Grant Application and Management ##  AD-ADMFIN-1.69 Parks and Trails Replacement Fund ##  AD-ENGPW-3.3 Vehicle and Equipment Replacement ## Conclusion I greatly appreciate the collaboration of all departments involved to develop a capital improvement plan that is financially sound and addresses the needs of our community. An extra thank you as well to Lynn Haseleu, Assistant CFO/Budget Manager and Michelle Kemper, Accountant II for their contributions of financial analysis and planning. ## Sincerely, ## Angela Gorall, Deputy City Administrator 9 This page intentionally left blank 10 ## Capital Improvement ## Plan Summary Reports ## for All Funds ## For All Funds •Department Summary ## •Funding Sources Summary •Category Summary •Sources and Uses of Funds Summary •Sources and Uses of Funds Detail 11 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Department Summary Department 2027 2028 2029 2030 2031 Total Engineering 51,115,000 42,855,000 33,881,000 31,460,000 38,310,000 197,621,000 Public Works 10,010,000 11,680,000 8,625,000 6,300,000 5,765,000 42,380,000 Parks and Recreation 2,340,000 3,300,000 590,000 465,000 935,000 7,630,000 Public Safety 1,475,000 2,225,000 1,085,000 1,190,000 4,095,000 10,070,000 ## ICT 555,000 785,000 590,000 225,000 445,000 2,600,000 Water Treatment Infrastructure 250,000 260,000 1,350,000 1,860,000 ## GRAND TOTAL 65,745,000 61,105,000 46,121,000 39,640,000 49,550,000 262,161,000 ## Produced Using Plan-It CIP Software 12 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Funding Source Summary Source 2027 2028 2029 2030 2031 Total Capital Improvement Fund 5,725,000 7,160,000 5,870,000 3,240,000 7,860,000 29,855,000 ## CDWSP 1,200,000 1,200,000 Central District Trunk Storm Sewer Fund 2,330,000 1,855,000 2,635,000 515,000 3,635,000 10,970,000 Developer Funded 8,000,000 10,000,000 10,000,000 10,000,000 10,000,000 48,000,000 Eagle Valley Golf Course Fund 1,145,000 275,000 265,000 170,000 685,000 2,540,000 ## East Mississippi Trunk Storm Sewer Fund 25,000 25,000 Intergovernmental Grant - Federal 290,000 1,350,000 0 1,640,000 Intergovernmental Grant - Local 275,000 155,000 75,000 100,000 605,000 Intergovernmental Grant - State 850,000 361,000 1,635,000 2,846,000 M.S.A. Revenue 2,050,000 6,800,000 1,355,000 3,125,000 4,235,000 17,565,000 Park Dedication Fund 115,000 2,800,000 30,000 2,945,000 Parks & Trails Replacement Fund 3,150,000 4,477,500 2,255,000 3,920,000 3,090,000 16,892,500 ## Phase II Major Roadway Special ## Assessment Fund 4,600,000 7,315,000 2,690,000 825,000 2,500,000 17,930,000 ## Ramsey Wash. Metro Trunk Storm Sewer ## Fund 250,000 30,000 110,000 390,000 School District 175,000 190,000 20,000 200,000 25,000 610,000 Special Assessments 3,585,000 2,580,000 3,430,000 2,795,000 3,850,000 16,240,000 Sports Center Fund 280,000 175,000 150,000 265,000 250,000 1,120,000 Storm Water Utility Fund 5,880,000 1,772,500 2,675,000 1,685,000 2,125,000 14,137,500 ## Street Lighting Utility Fund 20,000 325,000 345,000 Street Reconstruction/Maintenance Fund 9,890,000 4,845,000 7,950,000 8,325,000 8,250,000 39,260,000 Trunk Water & Sanitary Sewer Fund 4,075,000 3,460,000 900,000 8,435,000 ## Valley Branch Trunk Storm Sewer Fund 380,000 210,000 590,000 Water and Sewer Utility Fund 13,055,000 5,845,000 4,675,000 2,485,000 1,935,000 27,995,000 ## West Draw Trunk Storm Sewer Fund 5,000 20,000 25,000 ## GRAND TOTAL 65,745,000 61,105,000 46,121,000 39,640,000 49,550,000 262,161,000 ## Produced Using Plan-It CIP Software 13 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Category Summary Category 2027 2028 2029 2030 2031 Total Athletic Field 1,500,000 1,500,000 City Buildings 465,000 425,000 365,000 610,000 875,000 2,740,000 Development Driven Infrastructure 8,000,000 10,000,000 10,000,000 10,000,000 10,000,000 48,000,000 Drinking Water 3,670,000 4,305,000 2,745,000 1,080,000 1,110,000 12,910,000 Equipment 1,400,000 2,195,000 855,000 800,000 1,785,000 7,035,000 ## EVGC 1,145,000 275,000 265,000 170,000 685,000 2,540,000 Landscaping/Irrigation 2,045,000 2,045,000 Park Buildings 210,000 275,000 0 150,000 635,000 Parking Lots 785,000 475,000 175,000 490,000 1,925,000 Parks 1,230,000 3,500,000 1,355,000 150,000 990,000 7,225,000 Sewer 145,000 2,300,000 150,000 2,595,000 Sports Center 280,000 175,000 150,000 265,000 250,000 1,120,000 Stormwater 3,880,000 1,590,000 4,851,000 1,565,000 4,220,000 16,106,000 Street Construction 4,175,000 7,435,000 2,640,000 4,200,000 18,450,000 Street Reconstruction/Rehab 34,260,000 20,390,000 15,875,000 17,435,000 19,015,000 106,975,000 Traffic Control 20,000 325,000 345,000 Trails 2,025,000 640,000 370,000 3,135,000 485,000 6,655,000 Transportation 350,000 685,000 435,000 1,470,000 Utilities 50,000 440,000 375,000 865,000 Vehicles 965,000 900,000 820,000 775,000 2,755,000 6,215,000 Vehicles/Machinery 2,790,000 3,140,000 3,245,000 1,395,000 2,390,000 12,960,000 Water Treatment Implementation 250,000 250,000 1,350,000 1,850,000 ## GRAND TOTAL 65,745,000 61,105,000 46,121,000 39,640,000 49,550,000 262,161,000 ## Produced Using Plan-It CIP Software 14 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Sources And Uses Of Funds Summary Source 2027 2028 2029 2030 2031 ## Capital Improvement Fund Beginning Balance 8,460,000 6,985,000 4,700,000 3,435,000 5,160,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 4,250,000 4,875,000 4,605,000 4,965,000 7,275,000 Total Funds available 12,710,000 11,860,000 9,305,000 8,400,000 12,435,000 ## Expenditures and Uses Total Expenditures and Uses 5,725,000 7,160,000 5,870,000 3,240,000 7,860,000 Change in Fund Balance -1,475,000 -2,285,000 -1,265,000 1,725,000 -585,000 ## Ending Balance 6,985,000 4,700,000 3,435,000 5,160,000 4,575,000 ## Central District Trunk Storm Sewer Fund Beginning Balance 19,965,000 15,820,000 15,485,000 14,365,000 15,330,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 1,185,000 1,520,000 1,515,000 1,480,000 1,605,000 Total Funds available 21,150,000 17,340,000 17,000,000 15,845,000 16,935,000 ## Expenditures and Uses Total Expenditures and Uses 5,330,000 1,855,000 2,635,000 515,000 3,635,000 Change in Fund Balance -4,145,000 -335,000 -1,120,000 965,000 -2,030,000 ## Ending Balance 15,820,000 15,485,000 14,365,000 15,330,000 13,300,000 ## Community Investment Fund Beginning Balance 1,805,000 1,850,000 1,895,000 1,940,000 1,985,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 45,000 45,000 45,000 45,000 45,000 Total Funds available 1,850,000 1,895,000 1,940,000 1,985,000 2,030,000 ## Expenditures and Uses Total Expenditures and Uses 0 0 0 0 0 Change in Fund Balance 45,000 45,000 45,000 45,000 45,000 ## Ending Balance 1,850,000 1,895,000 1,940,000 1,985,000 2,030,000 ## Eagle Valley Golf Course Fund Beginning Balance 2,430,000 1,975,000 2,375,000 2,785,000 3,310,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 690,000 675,000 675,000 695,000 700,000 Total Funds available 3,120,000 2,650,000 3,050,000 3,480,000 4,010,000 ## Expenditures and Uses Total Expenditures and Uses 1,145,000 275,000 265,000 170,000 685,000 Change in Fund Balance -455,000 400,000 410,000 525,000 15,000 ## Ending Balance 1,975,000 2,375,000 2,785,000 3,310,000 3,325,000 ## East Mississippi Trunk Storm Sewer Fund Beginning Balance 40,000 40,000 40,000 15,000 15,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 0 0 0 0 0 Total Funds available 40,000 40,000 40,000 15,000 15,000 ## Expenditures and Uses Total Expenditures and Uses 0 0 25,000 0 0 Change in Fund Balance 0 0 -25,000 0 0 ## Ending Balance 40,000 40,000 15,000 15,000 15,000 ## Park Dedication Fund Beginning Balance 6,465,000 6,709,000 4,273,000 4,582,000 4,871,000 ## Revenues and Other Fund Sources ## Produced Using Plan-It CIP Software 15 Source 2027 2028 2029 2030 2031 Total Revenues and Other Fund Sources 459,000 459,000 404,000 414,000 419,000 Total Funds available 6,924,000 7,168,000 4,677,000 4,996,000 5,290,000 ## Expenditures and Uses Total Expenditures and Uses 215,000 2,895,000 95,000 125,000 95,000 Change in Fund Balance 244,000 -2,436,000 309,000 289,000 324,000 ## Ending Balance 6,709,000 4,273,000 4,582,000 4,871,000 5,195,000 ## Parks & Trails Replacement Fund Beginning Balance 2,175,000 1,903,000 493,500 1,366,500 629,500 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 3,318,000 3,338,000 3,328,000 3,383,000 3,388,000 Total Funds available 5,493,000 5,241,000 3,821,500 4,749,500 4,017,500 ## Expenditures and Uses Total Expenditures and Uses 3,590,000 4,747,500 2,455,000 4,120,000 3,290,000 Change in Fund Balance -272,000 -1,409,500 873,000 -737,000 98,000 ## Ending Balance 1,903,000 493,500 1,366,500 629,500 727,500 ## Phase II Major Roadway Special Assessment Fund Beginning Balance 20,745,000 16,995,000 10,575,000 8,630,000 8,505,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 850,000 895,000 745,000 700,000 950,000 Total Funds available 21,595,000 17,890,000 11,320,000 9,330,000 9,455,000 ## Expenditures and Uses Total Expenditures and Uses 4,600,000 7,315,000 2,690,000 825,000 2,500,000 Change in Fund Balance -3,750,000 -6,420,000 -1,945,000 -125,000 -1,550,000 ## Ending Balance 16,995,000 10,575,000 8,630,000 8,505,000 6,955,000 ## Ramsey Wash. Metro Trunk Storm Sewer Fund Beginning Balance 710,000 485,000 475,000 385,000 405,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 25,000 20,000 20,000 20,000 20,000 Total Funds available 735,000 505,000 495,000 405,000 425,000 ## Expenditures and Uses Total Expenditures and Uses 250,000 30,000 110,000 0 0 Change in Fund Balance -225,000 -10,000 -90,000 20,000 20,000 ## Ending Balance 485,000 475,000 385,000 405,000 425,000 Sports Center Fund (includes previous sponsorship payments $1,204,353) Beginning Balance 2,260,000 2,665,500 3,186,000 3,736,500 4,202,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 978,000 988,000 993,000 1,023,000 1,033,000 Total Funds available 3,238,000 3,653,500 4,179,000 4,759,500 5,235,000 ## Expenditures and Uses Total Expenditures and Uses 572,500 467,500 442,500 557,500 542,500 Change in Fund Balance 405,500 520,500 550,500 465,500 490,500 ## Ending Balance 2,665,500 3,186,000 3,736,500 4,202,000 4,692,500 ## Storm Water Utility Fund Beginning Balance 1,165,000 420,000 652,500 237,500 1,037,500 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 5,135,000 2,350,000 2,605,000 2,830,000 3,005,000 Total Funds available 6,300,000 2,770,000 3,257,500 3,067,500 4,042,500 ## Expenditures and Uses Total Expenditures and Uses 5,880,000 2,117,500 3,020,000 2,030,000 2,470,000 Change in Fund Balance -745,000 232,500 -415,000 800,000 535,000 ## Ending Balance 420,000 652,500 237,500 1,037,500 1,572,500 ## Street Reconstruction/Maintenance Fund Beginning Balance 21,075,000 17,950,000 18,345,000 22,750,000 22,375,000 ## Revenues and Other Fund Sources ## Produced Using Plan-It CIP Software 16 Source 2027 2028 2029 2030 2031 Total Revenues and Other Fund Sources 11,295,000 9,510,000 16,790,000 11,780,000 13,035,000 Total Funds available 32,370,000 27,460,000 35,135,000 34,530,000 35,410,000 ## Expenditures and Uses Total Expenditures and Uses 14,420,000 9,115,000 12,385,000 12,155,000 13,170,000 Change in Fund Balance -3,125,000 395,000 4,405,000 -375,000 -135,000 ## Ending Balance 17,950,000 18,345,000 22,750,000 22,375,000 22,240,000 ## Tax Abatement I-94 Region Fund Beginning Balance 1,810,000 2,705,000 3,530,000 0 0 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 895,000 825,000 845,000 0 0 Total Funds available 2,705,000 3,530,000 4,375,000 0 0 ## Expenditures and Uses Total Expenditures and Uses 0 0 4,375,000 0 0 Change in Fund Balance 895,000 825,000 -3,530,000 0 0 ## Ending Balance 2,705,000 3,530,000 0 0 0 ## Trunk Water & Sanitary Sewer Fund Beginning Balance 21,735,000 20,590,000 20,105,000 23,155,000 26,365,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 3,400,000 3,445,000 3,520,000 3,680,000 3,850,000 Total Funds available 25,135,000 24,035,000 23,625,000 26,835,000 30,215,000 ## Expenditures and Uses Total Expenditures and Uses 4,545,000 3,930,000 470,000 470,000 1,370,000 Change in Fund Balance -1,145,000 -485,000 3,050,000 3,210,000 2,480,000 ## Ending Balance 20,590,000 20,105,000 23,155,000 26,365,000 28,845,000 ## Valley Branch Trunk Storm Sewer Fund Beginning Balance 1,105,000 1,130,000 1,155,000 800,000 820,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 25,000 25,000 25,000 20,000 20,000 Total Funds available 1,130,000 1,155,000 1,180,000 820,000 840,000 ## Expenditures and Uses Total Expenditures and Uses 0 0 380,000 0 210,000 Change in Fund Balance 25,000 25,000 -355,000 20,000 -190,000 ## Ending Balance 1,130,000 1,155,000 800,000 820,000 630,000 ## Water and Sewer Utility Fund Beginning Balance 7,195,000 6,100,000 4,920,000 5,705,000 9,105,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 12,810,000 6,030,000 6,875,000 7,305,000 8,005,000 Total Funds available 20,005,000 12,130,000 11,795,000 13,010,000 17,110,000 ## Expenditures and Uses Total Expenditures and Uses 13,905,000 7,210,000 6,090,000 3,905,000 3,350,000 Change in Fund Balance -1,095,000 -1,180,000 785,000 3,400,000 4,655,000 ## Ending Balance 6,100,000 4,920,000 5,705,000 9,105,000 13,760,000 ## West Draw Trunk Storm Sewer Fund Beginning Balance 270,000 270,000 255,000 260,000 265,000 ## Revenues and Other Fund Sources Total Revenues and Other Fund Sources 5,000 5,000 5,000 5,000 5,000 Total Funds available 275,000 275,000 260,000 265,000 270,000 ## Expenditures and Uses Total Expenditures and Uses 5,000 20,000 0 0 0 Change in Fund Balance 0 -15,000 5,000 5,000 5,000 ## Ending Balance 270,000 255,000 260,000 265,000 270,000 ## Produced Using Plan-It CIP Software 17 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Sources and Uses of Funds Details Source Project # 2027 2028 2029 2030 2031 ## Capital Improvement Fund Beginning Balance 8,460,000 6,985,000 4,700,000 3,435,000 5,160,000 ## Revenues and Other Fund Sources ## Revenue EMS Capital Contribution 160,000 535,000 70,000 260,000 2,350,000 Interest on Investments 205,000 155,000 105,000 75,000 120,000 Property Tax Levy-Other (5%/year) 25,000 25,000 25,000 30,000 35,000 ## Property Tax Levy-Rolling Stock and ## IT Asset Deprec. (5%/year) 3,305,000 3,470,000 3,645,000 3,825,000 4,015,000 ## South Washington County ## Telecommunication Commission 0 100,000 200,000 200,000 200,000 Transfer In - General Fund 500,000 500,000 500,000 500,000 500,000 Vehicle/Equipment Sales 55,000 90,000 60,000 75,000 55,000 Total 4,250,000 4,875,000 4,605,000 4,965,000 7,275,000 ## Other Fund Sources Total Revenues and Other Fund Sources 4,250,000 4,875,000 4,605,000 4,965,000 7,275,000 Total Funds available 12,710,000 11,860,000 9,305,000 8,400,000 12,435,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering Afton Rd Fire Station Parking Lot 25-ENG-15 250,000 0 0 105,000 0 City Hall Replacements 25-MB-01 160,000 160,000 0 180,000 0 Fire Station Thames Improvements 026-PS-25 0 0 100,000 0 0 Fox Run Fire Station 024-ENG-24 0 125,000 0 0 0 Public Works Elevator Replacement 002-ENG-23 0 0 200,000 0 0 ## Public Works Level II Charging ## Stations ## 006-ENG-22 55,000 0 0 0 0 Public Works MAU Replacement 005-ENG-23 0 140,000 0 0 0 ## Replace Fire Alarm Panels Remote ## Fire Stations ## 26-ENG-27 0 0 0 0 225,000 ## Roof Replacement at Public Works ## Building ## 26-ENG-28 0 0 0 0 650,000 Thames Fire Station 023-ENG-24 0 0 65,000 325,000 0 Total 465,000 425,000 365,000 610,000 875,000 ## ICT ## EMS Ambulance iPad/Toughpad ## Replacement ## 002-ICT-23 0 115,000 0 0 0 Fire Laptop/Dock Replacements 003-ICT-23 0 100,000 0 0 0 ICT Equipment - REPLACEMENT 001-ICT-21 555,000 570,000 590,000 225,000 445,000 Total 555,000 785,000 590,000 225,000 445,000 ## Parks and Recreation ## Powers Lake Trail Connection ## Construction ## 071-PR-26 800,000 0 0 0 0 ## Temp Treatment Plant Conversion to Rec Use (TBD 2030) ## 059-PW-23 0 50,000 0 0 0 Total 800,000 50,000 0 0 0 ## Public Safety ## Emergency Management Equipment ## - NEW/ADDITIONS 002-PS-21b 0 60,000 0 0 0 ## Emergency Management Equipment ## - REPLACEMENT ## 002-PS-21 0 0 60,000 60,000 0 EMS Equipment - NEW/ADDITIONS 017-PS-22 15,000 0 0 0 0 ## Produced Using Plan-It CIP Software 18 Source Project # 2027 2028 2029 2030 2031 EMS Equipment - REPLACEMENT 018-PS-22 60,000 400,000 25,000 135,000 100,000 EMS Fire Vehicles - NEW/ADDITIONS 025-PS-24 0 0 0 0 2,250,000 EMS Fire Vehicles - REPLACEMENT 020-PS-22 85,000 90,000 45,000 125,000 0 Fire Equipment - NEW/ADDITIONS 027-PS-25 120,000 0 0 0 0 Fire Equipment - REPLACEMENT 004-PS-21 0 0 35,000 105,000 360,000 Police Equipment - REPLACEMENT 006-PS-21 315,000 865,000 145,000 115,000 880,000 Police Vehicles - NEW/ADDITIONS 021-PS-22 230,000 90,000 95,000 95,000 0 Police Vehicles - REPLACEMENT 022-PS-22 650,000 720,000 680,000 555,000 505,000 Total 1,475,000 2,225,000 1,085,000 1,190,000 4,095,000 ## Public Works Andy's Bark Park Improvements 025-PW-21 100,000 0 0 0 0 Chip Seal Coat - Parking Lot 105-PW-26 20,000 0 0 0 0 Fiber Connection at Park Buildings 113-PW-26 0 20,000 0 0 0 Fleet Equipment - NEW 084-PW-24 0 85,000 0 0 0 Fleet Equipment - REPLACEMENT 035-PW-21 335,000 0 0 0 0 Guardrail Safety Improvement 098-PW-25 0 0 0 325,000 0 ## Park Building Access Control ## Upgrades ## 111-PW-26 0 80,000 0 0 0 Park Building Updates 022-PW-21 100,000 145,000 0 0 150,000 ## Parks Recycling Receptacle ## Conversion ## 110-PW-26 100,000 100,000 100,000 100,000 100,000 PW Asset Management Software 100-PW-24 0 0 0 160,000 0 ## Resurfacing Pervious Pavement - ## Visitor Parking Lot ## 107-PW-26 0 0 50,000 0 0 Retaining Wall Replacement 081-PW-24 0 340,000 685,000 110,000 0 ## Vehicles and Machinery - NEW/ ## ADDITIONS ## 034-PW-21 310,000 280,000 810,000 0 0 Vehicles and Machinery - ## REPLACEMENT ## 033-PW-21 1,465,000 2,625,000 2,185,000 520,000 2,195,000 Total 2,430,000 3,675,000 3,830,000 1,215,000 2,445,000 ## Other Uses Total Expenditures and Uses 5,725,000 7,160,000 5,870,000 3,240,000 7,860,000 Change in Fund Balance -1,475,000 -2,285,000 -1,265,000 1,725,000 -585,000 ## Ending Balance 6,985,000 4,700,000 3,435,000 5,160,000 4,575,000 ## Central District Trunk Storm Sewer ## Fund Beginning Balance 19,965,000 15,820,000 15,485,000 14,365,000 15,330,000 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 480,000 370,000 365,000 335,000 360,000 ## Internal Loan Repayment (Storm Water Utility Fund; 10 years @ 2.5%) 0 345,000 345,000 345,000 345,000 Special Assessments 5,000 5,000 5,000 0 0 Storm Water Area Charges 700,000 800,000 800,000 800,000 900,000 Total 1,185,000 1,520,000 1,515,000 1,480,000 1,605,000 ## Other Fund Sources Total Revenues and Other Fund Sources 1,185,000 1,520,000 1,515,000 1,480,000 1,605,000 Total Funds available 21,150,000 17,340,000 17,000,000 15,845,000 16,935,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering Bailey Lake Lift Station Upgrades 26-ENG-21 0 70,000 1,990,000 345,000 2,680,000 ## Central District Water Level ## Management ## 25-ENV-02 110,000 0 0 0 0 Cottage Grove Dr -Ph 2D to CSAH 18 25-ENG-06 0 0 0 0 800,000 ## Produced Using Plan-It CIP Software 19 Source Project # 2027 2028 2029 2030 2031 ## Cottage Grove Dr Improve Dale to Ph 2D ## 25-ENG-04 1,050,000 0 0 0 0 ## CSAH 13-Hargis Parkway to Military ## Rd ## 033-ENG-21 500,000 0 0 0 0 CSAH 16 (Interlachen to TH 95) 08-ENG-24 0 100,000 0 0 0 ## CSAH 16 and Settlers Ridge Parkway ## Intersection ## 25-ENG-08 0 50,000 0 0 0 CSAH 20 - CSAH 22 to Military 25-ENG-14 0 375,000 0 0 0 Dale Road - 1/2 mile east of CSAH 19 - CG Dr. ## 045-ENG-21 0 1,000,000 0 0 0 Fox Glen Lift Station Improvements 26-Eng-21 0 0 0 75,000 60,000 Lake Level Monitoring 004-ENG-24 0 155,000 0 0 0 Lift Station Generators 030-ENG-21 200,000 0 0 0 0 Trunk Storm and Regional Ponding 023-ENG-21 285,000 0 550,000 0 0 Vegetation Restoration Projects 009-ENG-21 0 105,000 95,000 95,000 95,000 ## Woodbury Lakes Channel ## Restoration ## 25-ENV-03 185,000 0 0 0 0 Total 2,330,000 1,855,000 2,635,000 515,000 3,635,000 ## Other Uses ## Internal Loan (Storm Water Utility ## Fund) 3,000,000 0 0 0 0 Total 3,000,000 0 0 0 0 Total Expenditures and Uses 5,330,000 1,855,000 2,635,000 515,000 3,635,000 Change in Fund Balance -4,145,000 -335,000 -1,120,000 965,000 -2,030,000 ## Ending Balance 15,820,000 15,485,000 14,365,000 15,330,000 13,300,000 ## Community Investment Fund Beginning Balance 1,805,000 1,850,000 1,895,000 1,940,000 1,985,000 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 45,000 45,000 45,000 45,000 45,000 Total 45,000 45,000 45,000 45,000 45,000 ## Other Fund Sources Total Revenues and Other Fund Sources 45,000 45,000 45,000 45,000 45,000 Total Funds available 1,850,000 1,895,000 1,940,000 1,985,000 2,030,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Other Uses Total Expenditures and Uses 0 0 0 0 0 Change in Fund Balance 45,000 45,000 45,000 45,000 45,000 ## Ending Balance 1,850,000 1,895,000 1,940,000 1,985,000 2,030,000 ## Eagle Valley Golf Course Fund Beginning Balance 2,430,000 1,975,000 2,375,000 2,785,000 3,310,000 ## Revenues and Other Fund Sources ## Revenue EVGC Operating Income 630,000 630,000 620,000 630,000 620,000 Interest on Investments 60,000 45,000 55,000 65,000 80,000 Total 690,000 675,000 675,000 695,000 700,000 ## Other Fund Sources Total Revenues and Other Fund Sources 690,000 675,000 675,000 695,000 700,000 Total Funds available 3,120,000 2,650,000 3,050,000 3,480,000 4,010,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Parks and Recreation ## Produced Using Plan-It CIP Software 20 Source Project # 2027 2028 2029 2030 2031 EVGC Food and Beverage 070-PR-26 0 0 0 25,000 0 EVGC Golf Cart Fleet 032-PR-21 0 0 0 0 585,000 EVGC Maintenance Equipment 030-PR-21 45,000 275,000 55,000 110,000 100,000 EVGC On-Course Improvements 031-PR-21 1,100,000 0 200,000 35,000 0 EVGC Practice Range Equipment 036-PR-21 0 0 10,000 0 0 Total 1,145,000 275,000 265,000 170,000 685,000 ## Other Uses Total Expenditures and Uses 1,145,000 275,000 265,000 170,000 685,000 Change in Fund Balance -455,000 400,000 410,000 525,000 15,000 ## Ending Balance 1,975,000 2,375,000 2,785,000 3,310,000 3,325,000 ## East Mississippi Trunk Storm Sewer ## Fund Beginning Balance 40,000 40,000 40,000 15,000 15,000 ## Revenues and Other Fund Sources ## Revenue ## Other Fund Sources Total Revenues and Other Fund Sources 0 0 0 0 0 Total Funds available 40,000 40,000 40,000 15,000 15,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering ## La and Ria Lake Downstream Flood ## Resilience ## 25-ENV-01 0 0 25,000 0 0 Total 0 0 25,000 0 0 ## Other Uses Total Expenditures and Uses 0 0 25,000 0 0 Change in Fund Balance 0 0 -25,000 0 0 ## Ending Balance 40,000 40,000 15,000 15,000 15,000 ## Park Dedication Fund Beginning Balance 6,465,000 6,709,000 4,273,000 4,582,000 4,871,000 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 155,000 155,000 100,000 110,000 115,000 ## Operational Maintenance ## Agreement 4,000 4,000 4,000 4,000 4,000 Park Dedication Fees 300,000 300,000 300,000 300,000 300,000 Total 459,000 459,000 404,000 414,000 419,000 ## Other Fund Sources Total Revenues and Other Fund Sources 459,000 459,000 404,000 414,000 419,000 Total Funds available 6,924,000 7,168,000 4,677,000 4,996,000 5,290,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Parks and Recreation Bailey Property Master Planning 065-PR-24 0 0 0 30,000 0 Community Park-S.Dale-Westwind 051-PR-22 0 2,000,000 0 0 0 Glacial Valley (SWWD) Park 053-PR-22 60,000 600,000 0 0 0 Nature Park Trailhead-South of Dale 052-PR-22 30,000 200,000 0 0 0 ## NW Area Park and Trail ## Development Planning ## 012-PR-21 25,000 0 0 0 0 Total 115,000 2,800,000 0 30,000 0 ## Other Uses ## Labor Reimbursement-Parks ## Planner 60,000 60,000 60,000 60,000 60,000 ## Produced Using Plan-It CIP Software 21 Source Project # 2027 2028 2029 2030 2031 Misc Professional Services 35,000 35,000 35,000 35,000 35,000 ## Property Taxes for City Open Space ## Parcels 5,000 0 0 0 0 Total 100,000 95,000 95,000 95,000 95,000 Total Expenditures and Uses 215,000 2,895,000 95,000 125,000 95,000 Change in Fund Balance 244,000 -2,436,000 309,000 289,000 324,000 ## Ending Balance 6,709,000 4,273,000 4,582,000 4,871,000 5,195,000 ## Parks & Trails Replacement Fund Beginning Balance 2,175,000 1,903,000 493,500 1,366,500 629,500 ## Revenues and Other Fund Sources ## Revenue Franchise Fees 2,540,000 2,565,000 2,590,000 2,620,000 2,645,000 Interest on Investments 50,000 45,000 10,000 35,000 15,000 Property Tax Levy 728,000 728,000 728,000 728,000 728,000 Total 3,318,000 3,338,000 3,328,000 3,383,000 3,388,000 ## Other Fund Sources Total Revenues and Other Fund Sources 3,318,000 3,338,000 3,328,000 3,383,000 3,388,000 Total Funds available 5,493,000 5,241,000 3,821,500 4,749,500 4,017,500 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering 2027 Roadway Rehabilitation Project 015-ENG-21f 325,000 0 0 0 0 2028 Roadway Rehabilitation Project 015-ENG-22g 0 695,000 0 0 0 2029 Roadway Rehabilitation Project 015-ENG-22h 0 0 700,000 0 0 2030 Roadway Rehabilitation Project 015-ENG-22i 0 0 0 615,000 0 2031 Roadway Rehabilitation Project 001-ENG-24 0 0 0 0 750,000 ## Hudson Road - City Walk Drive to ## Karen Drive ## 067-ENG-23 0 0 150,000 0 0 ## Settlers Ridge Parkway-Valley Creek to Bailey ## 009-ENG-23 0 0 0 700,000 500,000 ## Weir/Woodwinds Dr (Lake Rd to ## Valley Creek) ## 010-ENG-23 0 500,000 0 0 0 Total 325,000 1,195,000 850,000 1,315,000 1,250,000 ## Public Works Buildings & Shelters 073-PW-23 110,000 0 0 0 0 Court Replacement 041-PW-21 745,000 670,000 260,000 0 660,000 ## Field Drainage & Irrigation ## Replacement-Red Fields ## 114-PW-26 0 1,500,000 0 0 0 ## Field Drainage & Irrigation ## Replacements-Ojibway ## 043-PW-21 0 545,000 0 0 0 Miracle Field Replacement 045-PW-21 0 0 0 1,500,000 0 Parking Lot Replacements 039-PW-21 750,000 257,500 125,000 0 490,000 Playground Replacement 040-PW-21 200,000 0 750,000 0 230,000 ## Retaining Wall Replacement - Park ## Related ## 101-PW-26 0 110,000 70,000 20,000 0 Trail Replacement 038-PW-21 1,020,000 200,000 200,000 1,085,000 460,000 Total 2,825,000 3,282,500 1,405,000 2,605,000 1,840,000 ## Other Uses Misc Professional Services 440,000 270,000 200,000 200,000 200,000 Total 440,000 270,000 200,000 200,000 200,000 Total Expenditures and Uses 3,590,000 4,747,500 2,455,000 4,120,000 3,290,000 Change in Fund Balance -272,000 -1,409,500 873,000 -737,000 98,000 ## Ending Balance 1,903,000 493,500 1,366,500 629,500 727,500 ## Produced Using Plan-It CIP Software 22 Source Project # 2027 2028 2029 2030 2031 ## Phase II Major Roadway Special ## Assessment Fund Beginning Balance 20,745,000 16,995,000 10,575,000 8,630,000 8,505,000 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 500,000 395,000 245,000 200,000 200,000 Special Assessments 350,000 500,000 500,000 500,000 750,000 Total 850,000 895,000 745,000 700,000 950,000 ## Other Fund Sources Total Revenues and Other Fund Sources 850,000 895,000 745,000 700,000 950,000 Total Funds available 21,595,000 17,890,000 11,320,000 9,330,000 9,455,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering Cottage Grove Dr -Ph 2D to CSAH 18 25-ENG-06 0 0 0 0 2,500,000 ## Cottage Grove Dr Improve Dale to Ph 2D ## 25-ENG-04 2,600,000 0 0 0 0 ## CSAH 13-Hargis Parkway to Military ## Rd ## 033-ENG-21 2,000,000 0 0 0 0 ## CSAH 16 and Settlers Ridge Parkway ## Intersection ## 25-ENG-08 0 200,000 0 0 0 CSAH 18 (Bailey Rd) - I-494 to ## Woodlane Dr Improve ## 25-ENG-09 0 0 50,000 800,000 0 ## CSAH 18 - I-494 to Settlers Ridge ## Parkway Study ## 26-ENG-04 0 50,000 0 0 0 CSAH 19-CSAH 22 to Dale Rd 26-ENG-01 0 0 0 25,000 0 CSAH 20 - CSAH 22 to Military 25-ENG-14 0 1,125,000 0 0 0 Dale Road - 1/2 mile east of CSAH 19 - CG Dr. ## 045-ENG-21 0 5,940,000 0 0 0 ## Eastview Rd Extension - Settlers East ## to Manning A ## 25-ENG-05 0 0 2,640,000 0 0 Total 4,600,000 7,315,000 2,690,000 825,000 2,500,000 ## Other Uses Total Expenditures and Uses 4,600,000 7,315,000 2,690,000 825,000 2,500,000 Change in Fund Balance -3,750,000 -6,420,000 -1,945,000 -125,000 -1,550,000 ## Ending Balance 16,995,000 10,575,000 8,630,000 8,505,000 6,955,000 ## Ramsey Wash. Metro Trunk Storm ## Sewer Fund Beginning Balance 710,000 485,000 475,000 385,000 405,000 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 15,000 10,000 10,000 10,000 10,000 Special Assessments 10,000 10,000 10,000 10,000 10,000 Total 25,000 20,000 20,000 20,000 20,000 ## Other Fund Sources Total Revenues and Other Fund Sources 25,000 20,000 20,000 20,000 20,000 Total Funds available 735,000 505,000 495,000 405,000 425,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering City Hall Lift Station 26-ENG-24 70,000 30,000 110,000 0 0 Winwood Passage Lift Station 26-ENG-22 180,000 0 0 0 0 Total 250,000 30,000 110,000 0 0 ## Other Uses Total Expenditures and Uses 250,000 30,000 110,000 0 0 ## Produced Using Plan-It CIP Software 23 Source Project # 2027 2028 2029 2030 2031 Change in Fund Balance -225,000 -10,000 -90,000 20,000 20,000 ## Ending Balance 485,000 475,000 385,000 405,000 425,000 ## Sports Center Fund (includes previous sponsorship payments $1,204,353) Beginning Balance 2,260,000 2,665,500 3,186,000 3,736,500 4,202,000 ## Revenues and Other Fund Sources ## Revenue Cell Tower Lease 31,000 31,000 31,000 31,000 31,000 Interest on Investments 55,000 65,000 75,000 90,000 100,000 Naming Rights 127,000 127,000 127,000 127,000 127,000 Operating Income 635,000 630,000 620,000 630,000 625,000 Summit Orthopedics Lease 130,000 135,000 140,000 145,000 150,000 Total 978,000 988,000 993,000 1,023,000 1,033,000 ## Other Fund Sources Total Revenues and Other Fund Sources 978,000 988,000 993,000 1,023,000 1,033,000 Total Funds available 3,238,000 3,653,500 4,179,000 4,759,500 5,235,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Parks and Recreation ## Sports Center Equipment/ ## Technology/Bldg ## 046-PR-21 35,000 0 0 10,000 50,000 ## Sports Center Field House ## Equipment ## 063-PR-24 0 0 75,000 0 0 Sports Center Ice Arena 043-PR-21 15,000 160,000 60,000 210,000 0 Sports Center Ice Arena Equipment 042-PR-21 230,000 15,000 0 45,000 200,000 Sports Center Lobby Link 068-PR-24 0 0 15,000 0 0 Total 280,000 175,000 150,000 265,000 250,000 ## Other Uses Debt Service 292,500 292,500 292,500 292,500 292,500 Total 292,500 292,500 292,500 292,500 292,500 Total Expenditures and Uses 572,500 467,500 442,500 557,500 542,500 Change in Fund Balance 405,500 520,500 550,500 465,500 490,500 ## Ending Balance 2,665,500 3,186,000 3,736,500 4,202,000 4,692,500 ## Storm Water Utility Fund Beginning Balance 1,165,000 420,000 652,500 237,500 1,037,500 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 30,000 10,000 15,000 5,000 25,000 ## Internal Loan (Central District Trunk ## Storm Sewer Fund) 3,000,000 0 0 0 0 Operating Income (6% rate; 0.5% growth for 2027, 1.5% growth for 2028-2031) 2,105,000 2,340,000 2,590,000 2,825,000 2,980,000 Total 5,135,000 2,350,000 2,605,000 2,830,000 3,005,000 ## Other Fund Sources Total Revenues and Other Fund Sources 5,135,000 2,350,000 2,605,000 2,830,000 3,005,000 Total Funds available 6,300,000 2,770,000 3,257,500 3,067,500 4,042,500 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering 2027 Roadway Rehabilitation Project 015-ENG-21f 4,105,000 0 0 0 0 2028 Roadway Rehabilitation Project 015-ENG-22g 0 390,000 0 0 0 2029 Roadway Rehabilitation Project 015-ENG-22h 0 0 1,155,000 0 0 ## Produced Using Plan-It CIP Software 24 Source Project # 2027 2028 2029 2030 2031 2030 Roadway Rehabilitation Project 015-ENG-22i 0 0 0 435,000 0 2031 Roadway Rehabilitation Project 001-ENG-24 0 0 0 0 400,000 ## Bailey Lake Lift Station Outlet ## Spillway ## 26-ENG-20 365,000 0 0 0 0 City Hall Lift Station 26-ENG-24 0 90,000 325,000 0 0 Commons Drive 26-ENG-14 0 0 0 0 50,000 ## CSAH 16–Century Ave to Bielenberg ## Drive Pavement Preservation ## 26-ENG-02 40,000 0 0 0 0 Fox Glen Lift Station Improvements 26-Eng-21 0 0 0 0 75,000 ## Hudson Road - City Walk Drive to ## Karen Drive ## 067-ENG-23 0 0 80,000 0 0 ## La and Ria Lake Downstream Flood ## Resilience ## 25-ENV-01 0 0 105,000 0 0 ## Lake Road from Century Ave to ## Courtly Rd; Tahoe Road to ## Woodlane Dr ## 26-ENG-19 0 0 0 0 300,000 ## Settlers Ridge Parkway-Valley Creek to Bailey ## 009-ENG-23 0 0 0 200,000 200,000 ## Storm Water BMP Maintenance ## Projects ## 010-ENG-21 820,000 875,000 910,000 950,000 1,000,000 ## Tamarack Nature Preserve ## Restoration Project ## 26-ENG-26 195,000 0 0 0 0 Vegetation Restoration Projects 009-ENG-21 0 90,000 100,000 100,000 100,000 ## Weir/Woodwinds Dr (Lake Rd to ## Valley Creek) ## 010-ENG-23 0 200,000 0 0 0 ## Woodbury Lakes Channel ## Restoration ## 25-ENV-03 125,000 0 0 0 0 Total 5,650,000 1,645,000 2,675,000 1,685,000 2,125,000 ## Public Works Parking Lot Replacements 039-PW-21 15,000 127,500 0 0 0 ## Stormwater Lift Station Pump ## Replacement ## 104-PW-26 100,000 0 0 0 0 Stormwater Pipe Lining 106-PW-26 115,000 0 0 0 0 Total 230,000 127,500 0 0 0 ## Other Uses ## Internal Loan Payment (Central ## District Trunk Storm Sewer Fund; 10 years @ 2.5%) 0 345,000 345,000 345,000 345,000 Total 0 345,000 345,000 345,000 345,000 Total Expenditures and Uses 5,880,000 2,117,500 3,020,000 2,030,000 2,470,000 Change in Fund Balance -745,000 232,500 -415,000 800,000 535,000 ## Ending Balance 420,000 652,500 237,500 1,037,500 1,572,500 ## Street Reconstruction/Maintenance ## Fund Beginning Balance 21,075,000 17,950,000 18,345,000 22,750,000 22,375,000 ## Revenues and Other Fund Sources ## Revenue ## Equity Transfer In (Tax Abatement ## Plan I-94 Region Fund) 0 0 4,375,000 0 0 Interest on Investments 505,000 420,000 435,000 540,000 525,000 ## MSA Construction - Prior Year ## Realized 0 0 720,000 0 0 MSA Maintenance 1,255,000 1,305,000 1,355,000 1,410,000 1,465,000 ## Proceeds from Debt Issuance - ## Special Assessments 2,615,000 1,075,000 2,350,000 2,020,000 2,665,000 ## Property Tax Levy (Annual 5.5% ## Increase) 5,315,000 5,605,000 5,915,000 6,240,000 6,585,000 Special Assessments - New Projects 945,000 440,000 975,000 900,000 1,120,000 ## Produced Using Plan-It CIP Software 25 Source Project # 2027 2028 2029 2030 2031 Special Assessments - Prior Projects 535,000 535,000 530,000 530,000 530,000 ## State Transportation Assistance ## Account 125,000 130,000 135,000 140,000 145,000 Total 11,295,000 9,510,000 16,790,000 11,780,000 13,035,000 ## Other Fund Sources Total Revenues and Other Fund Sources 11,295,000 9,510,000 16,790,000 11,780,000 13,035,000 Total Funds available 32,370,000 27,460,000 35,135,000 34,530,000 35,410,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering 2027 Roadway Rehabilitation Project 015-ENG-21f 8,340,000 0 0 0 0 2028 Roadway Rehabilitation Project 015-ENG-22g 500,000 3,245,000 0 0 0 2029 Roadway Rehabilitation Project 015-ENG-22h 150,000 500,000 6,495,000 0 0 2030 Roadway Rehabilitation Project 015-ENG-22i 0 150,000 500,000 6,700,000 0 2031 Roadway Rehabilitation Project 001-ENG-24 0 0 150,000 300,000 6,250,000 2032 Roadway Rehabiliation Project 25-ENG-02 0 0 0 150,000 300,000 2033 Roadway Rehabilitation Project 26-ENG-12 0 0 0 0 150,000 Asphalt Rejuvenator Project 021-ENG-21 700,000 800,000 400,000 600,000 500,000 Commons Drive 26-ENG-14 0 0 150,000 200,000 435,000 ## Radio & Spring Hill Dr, Hudson Rd - ## Trail Gaps ## 14-ENG-24 0 50,000 150,000 115,000 0 Safe Streets Priority Projects 25-ENG-01 200,000 100,000 105,000 110,000 115,000 ## Wooddale Dr,Woodlane Dr (Guider ## Dr to Wooddale Dr), and Ventura Dr ## Pavement Rehab ## 26-ENG-18 0 0 0 150,000 500,000 Total 9,890,000 4,845,000 7,950,000 8,325,000 8,250,000 ## Other Uses Transfer to the General Fund - ## Administrative Costs 55,000 55,000 60,000 60,000 65,000 Misc Professional Services 145,000 150,000 155,000 160,000 165,000 ## Reduction for SA Funding ## Unrealized 3,585,000 2,580,000 3,430,000 2,795,000 3,850,000 MSA Allocation to General Fund 745,000 765,000 790,000 815,000 840,000 ## Reduction for MSA Construction ## Funding Unrealized 0 720,000 0 0 0 Total 4,530,000 4,270,000 4,435,000 3,830,000 4,920,000 Total Expenditures and Uses 14,420,000 9,115,000 12,385,000 12,155,000 13,170,000 Change in Fund Balance -3,125,000 395,000 4,405,000 -375,000 -135,000 ## Ending Balance 17,950,000 18,345,000 22,750,000 22,375,000 22,240,000 ## Tax Abatement I-94 Region Fund Beginning Balance 1,810,000 2,705,000 3,530,000 0 0 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 45,000 65,000 85,000 0 0 Property Tax Abatement-ISD #622 400,000 370,000 370,000 0 0 Property Tax Levy 450,000 390,000 390,000 0 0 Total 895,000 825,000 845,000 0 0 ## Other Fund Sources Total Revenues and Other Fund Sources 895,000 825,000 845,000 0 0 Total Funds available 2,705,000 3,530,000 4,375,000 0 0 ## Expenditures and Uses ## Capital Projects & Equipment ## Other Uses ## Produced Using Plan-It CIP Software 26 Source Project # 2027 2028 2029 2030 2031 ## Equity Transfer Out (Street ## Reconstruction/Maintenance Fund) 0 0 4,375,000 0 0 Total 0 0 4,375,000 0 0 Total Expenditures and Uses 0 0 4,375,000 0 0 Change in Fund Balance 895,000 825,000 -3,530,000 0 0 ## Ending Balance 2,705,000 3,530,000 0 0 0 ## Trunk Water & Sanitary Sewer Fund Beginning Balance 21,735,000 20,590,000 20,105,000 23,155,000 26,365,000 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 520,000 480,000 470,000 545,000 620,000 Special Assessments 10,000 10,000 5,000 0 0 ## Water and Sewer Connection ## Charges 655,000 675,000 695,000 715,000 735,000 Water and Sewer Utility Charges 2,215,000 2,280,000 2,350,000 2,420,000 2,495,000 Total 3,400,000 3,445,000 3,520,000 3,680,000 3,850,000 ## Other Fund Sources Total Revenues and Other Fund Sources 3,400,000 3,445,000 3,520,000 3,680,000 3,850,000 Total Funds available 25,135,000 24,035,000 23,625,000 26,835,000 30,215,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering ## Bailey Nursery's West Trunk Water ## Main ## 010-ENG-22 550,000 550,000 0 0 0 Cottage Grove Dr -Ph 2D to CSAH 18 25-ENG-06 0 0 0 0 900,000 ## Cottage Grove Dr Improve Dale to Ph 2D ## 25-ENG-04 525,000 0 0 0 0 ## CSAH 13-Hargis Parkway to Military ## Rd ## 033-ENG-21 3,000,000 0 0 0 0 Dale Road - 1/2 mile east of CSAH 19 - CG Dr. ## 045-ENG-21 0 495,000 0 0 0 ## MCES L-77 Sanitary Sewer ## Interceptor ROW ## 018-PW-21 0 530,000 0 0 0 ## MCES L-77 Sanitary Sewer Lift ## Station Upgrades ## 014-PW-21 0 1,440,000 0 0 0 Update NE AUAR 09-ENG-24 0 30,000 0 0 0 ## Water Main Extension Settlers East ## to Eastview Rd ## 013-ENG-22 0 415,000 0 0 0 Total 4,075,000 3,460,000 0 0 900,000 ## Other Uses Debt Service Payment 470,000 470,000 470,000 470,000 470,000 Total 470,000 470,000 470,000 470,000 470,000 Total Expenditures and Uses 4,545,000 3,930,000 470,000 470,000 1,370,000 Change in Fund Balance -1,145,000 -485,000 3,050,000 3,210,000 2,480,000 ## Ending Balance 20,590,000 20,105,000 23,155,000 26,365,000 28,845,000 ## Valley Branch Trunk Storm Sewer ## Fund Beginning Balance 1,105,000 1,130,000 1,155,000 800,000 820,000 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 25,000 25,000 25,000 20,000 20,000 Total 25,000 25,000 25,000 20,000 20,000 ## Other Fund Sources Total Revenues and Other Fund Sources 25,000 25,000 25,000 20,000 20,000 ## Produced Using Plan-It CIP Software 27 Source Project # 2027 2028 2029 2030 2031 Total Funds available 1,130,000 1,155,000 1,180,000 820,000 840,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering Trunk Storm and Regional Ponding 023-ENG-21 0 0 205,000 0 210,000 Total 0 0 205,000 0 210,000 ## Parks and Recreation ## Future Park Development - Storm ## Water ## 069-PR-24 0 0 175,000 0 0 Total 0 0 175,000 0 0 ## Other Uses Total Expenditures and Uses 0 0 380,000 0 210,000 Change in Fund Balance 25,000 25,000 -355,000 20,000 -190,000 ## Ending Balance 1,130,000 1,155,000 800,000 820,000 630,000 ## Water and Sewer Utility Fund Beginning Balance 7,195,000 6,100,000 4,920,000 5,705,000 9,105,000 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 175,000 140,000 115,000 135,000 215,000 Operating Income (water 8% increase for 2027-2029, 5% increase for 2030-2031; sewer 5% increase all five years) 5,450,000 5,875,000 6,740,000 7,155,000 7,780,000 Proceeds from Debt Issuance 7,175,000 0 0 0 0 Vehicle/Equipment Sales 10,000 15,000 20,000 15,000 10,000 Total 12,810,000 6,030,000 6,875,000 7,305,000 8,005,000 ## Other Fund Sources Total Revenues and Other Fund Sources 12,810,000 6,030,000 6,875,000 7,305,000 8,005,000 Total Funds available 20,005,000 12,130,000 11,795,000 13,010,000 17,110,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering 2027 Roadway Rehabilitation Project 015-ENG-21f 5,745,000 0 0 0 0 2028 Roadway Rehabilitation Project 015-ENG-22g 0 995,000 0 0 0 2029 Roadway Rehabilitation Project 015-ENG-22h 0 0 1,095,000 0 0 2030 Roadway Rehabilitation Project 015-ENG-22i 0 0 0 480,000 0 2031 Roadway Rehabilitation Project 001-ENG-24 0 0 0 0 350,000 Commons Drive 26-ENG-14 0 0 0 0 15,000 ## CSAH 13-Hargis Parkway to Military ## Rd ## 033-ENG-21 2,600,000 0 0 0 0 CSAH 16 (Interlachen to TH 95) 08-ENG-24 0 30,000 0 0 0 ## CSAH 16 and Settlers Ridge Parkway ## Intersection ## 25-ENG-08 0 20,000 0 0 0 ## CSAH 16–Century Ave to Bielenberg ## Drive Pavement Preservation ## 26-ENG-02 130,000 0 0 0 0 ## Hudson Road - City Walk Drive to ## Karen Drive ## 067-ENG-23 0 0 60,000 0 0 ## Lake Road from Century Ave to ## Courtly Rd; Tahoe Road to ## Woodlane Dr ## 26-ENG-19 0 0 0 0 65,000 ## Settlers Ridge Parkway-Valley Creek to Bailey ## 009-ENG-23 0 0 0 50,000 50,000 ## Weir/Woodwinds Dr (Lake Rd to ## Valley Creek) ## 010-ENG-23 0 135,000 0 0 0 Total 8,475,000 1,180,000 1,155,000 530,000 480,000 ## Public Works ## Produced Using Plan-It CIP Software 28 Source Project # 2027 2028 2029 2030 2031 ## All Sanitary Lift Stations; Inspections & Maint. ## 067-PW-22 145,000 0 0 0 0 ## Commercial Meter Right Sizing & ## Replacement ## 066-PW-22 0 400,000 0 0 0 ## Ground Storage Tank & Booster ## Station Maint ## 058-PW-21 2,000,000 0 0 0 0 Lake Tower Tank Maintenance 059-PW-21 130,000 2,000,000 0 0 0 ## Northeast Trunk Cleaning and ## Televising ## 071-PW-22 0 150,000 0 0 0 Parking Lot Replacements 039-PW-21 0 90,000 0 0 0 SCADA Firewall and Server Update 056-PW-21 30,000 40,000 0 0 0 ## Southeast Trunk Sewer Lining & ## Repairs ## 050-PW-21 0 0 0 0 150,000 ## Systemwide Infrastructure ## Condition Analysis ## 063-PW-22 0 0 175,000 0 0 ## Tamarack Trunk Cleaning and ## Televising ## 070-PW-22 0 150,000 0 0 0 ## Water and Sewer Vehicles/Equip - ## NEW/ADDITIONS 062-PW-21a 155,000 0 0 0 0 ## Water and Sewer Vehicles/Equip - ## REPLACEMENT ## 062-PW-21 860,000 235,000 250,000 875,000 195,000 Water Meter Managment System 108-PW-26 20,000 0 0 0 0 Water Meter Replacement Program 061-PW-21 610,000 625,000 645,000 665,000 685,000 Well Rehabilitation 055-PW-21 380,000 585,000 400,000 415,000 425,000 Well Site Asphalt Repairs 102-PW-26 0 0 200,000 0 0 Woodlane Tower Maintenance 068-PW-22 0 130,000 1,700,000 0 0 Total 4,330,000 4,405,000 3,370,000 1,955,000 1,455,000 ## Water Treatment Infrastructure ## Interlachen Entrance Hardscape ## Improvement ## 115-PW-26 0 10,000 0 0 0 PFAS Efforts 049-PW-21 250,000 250,000 150,000 0 0 Total 250,000 260,000 150,000 0 0 ## Other Uses Debt Service for PW Building 220,000 220,000 220,000 220,000 220,000 ## Debt Service for WTP & Piping ## Project 630,000 1,145,000 1,195,000 1,200,000 1,195,000 Total 850,000 1,365,000 1,415,000 1,420,000 1,415,000 Total Expenditures and Uses 13,905,000 7,210,000 6,090,000 3,905,000 3,350,000 Change in Fund Balance -1,095,000 -1,180,000 785,000 3,400,000 4,655,000 ## Ending Balance 6,100,000 4,920,000 5,705,000 9,105,000 13,760,000 ## West Draw Trunk Storm Sewer Fund Beginning Balance 270,000 270,000 255,000 260,000 265,000 ## Revenues and Other Fund Sources ## Revenue Interest on Investments 5,000 5,000 5,000 5,000 5,000 Total 5,000 5,000 5,000 5,000 5,000 ## Other Fund Sources Total Revenues and Other Fund Sources 5,000 5,000 5,000 5,000 5,000 Total Funds available 275,000 275,000 260,000 265,000 270,000 ## Expenditures and Uses ## Capital Projects & Equipment ## Engineering Orchard Ridge Lift Station 26-ENG-23 5,000 20,000 0 0 0 Total 5,000 20,000 0 0 0 ## Other Uses Total Expenditures and Uses 5,000 20,000 0 0 0 ## Produced Using Plan-It CIP Software 29 Source Project # 2027 2028 2029 2030 2031 Change in Fund Balance 0 -15,000 5,000 5,000 5,000 ## Ending Balance 270,000 255,000 260,000 265,000 270,000 ## Produced Using Plan-It CIP Software 30 Information and ## Communications Technology (ICT) Department •Category Summary •Projects and Funding Sources by ## Category 31 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Category Summary Category 2027 2028 2029 2030 2031 Total Equipment 555,000 785,000 590,000 225,000 445,000 2,600,000 ## GRAND TOTAL 555,000 785,000 590,000 225,000 445,000 2,600,000 ## Produced Using Plan-It CIP Software 32 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Projects & Funding Sources by Category ## Source Project # Priority 2027 2028 2029 2030 2031 Total ## Equipment ## EMS Ambulance iPad/Toughpad Replacement Capital Improvement Fund 002-ICT-23 1 115,000 115,000 ## EMS Ambulance iPad/Toughpad Replacement Total 0 115,000 0 0 0 115,000 ## Fire Laptop/Dock Replacements Capital Improvement Fund 003-ICT-23 1 100,000 100,000 ## Fire Laptop/Dock Replacements Total 0 100,000 0 0 0 100,000 ## ICT Equipment - REPLACEMENT Capital Improvement Fund 001-ICT-21 3 555,000 570,000 590,000 225,000 445,000 2,385,000 ICT Equipment - REPLACEMENT Total 555,000 570,000 590,000 225,000 445,000 2,385,000 ## Equipment Total 555,000 785,000 590,000 225,000 445,000 2,600,000 ## GRAND TOTAL 555,000 785,000 590,000 225,000 445,000 2,600,000 ## Produced Using Plan-It CIP Software 33 This page intentionally left blank 34 ## Public Safety Department •Category Summary •Projects and Funding Sources by ## Category 35 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Category Summary Category 2027 2028 2029 2030 2031 Total ## City Buildings 0 Equipment 510,000 1,325,000 265,000 415,000 1,340,000 3,855,000 Vehicles 965,000 900,000 820,000 775,000 2,755,000 6,215,000 ## GRAND TOTAL 1,475,000 2,225,000 1,085,000 1,190,000 4,095,000 10,070,000 ## Produced Using Plan-It CIP Software 36 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Projects & Funding Sources by Category ## Source Project # Priority 2027 2028 2029 2030 2031 Total ## City Buildings Fire Station - NEW (TBD 2031) Capital Improvement Fund 028-PS026 3 0 0 Fire Station - NEW (TBD 2031) Total 0 0 0 0 0 0 ## City Buildings Total 0 0 0 0 0 0 ## Equipment ## Emergency Management Equipment - NEW/ ## ADDITIONS Capital Improvement Fund 002-PS-21b 2 60,000 60,000 ## Emergency Management Equipment - NEW/ADDITIONS ## Total 0 60,000 0 0 0 60,000 ## Emergency Management Equipment - ## REPLACEMENT Capital Improvement Fund 002-PS-21 1 60,000 60,000 120,000 ## Emergency Management Equipment - REPLACEMENT ## Total 0 0 60,000 60,000 0 120,000 ## EMS Equipment - NEW/ADDITIONS Capital Improvement Fund 017-PS-22 2 15,000 15,000 ## EMS Equipment - NEW/ADDITIONS Total 15,000 0 0 0 0 15,000 ## EMS Equipment - REPLACEMENT Capital Improvement Fund 018-PS-22 1 60,000 400,000 25,000 135,000 100,000 720,000 ## EMS Equipment - REPLACEMENT Total 60,000 400,000 25,000 135,000 100,000 720,000 ## Fire Equipment - NEW/ADDITIONS Capital Improvement Fund 027-PS-25 2 120,000 120,000 ## Fire Equipment - NEW/ADDITIONS Total 120,000 0 0 0 0 120,000 ## Fire Equipment - REPLACEMENT Capital Improvement Fund 004-PS-21 1 35,000 105,000 360,000 500,000 ## Fire Equipment - REPLACEMENT Total 0 0 35,000 105,000 360,000 500,000 ## Police Equipment - REPLACEMENT Capital Improvement Fund 006-PS-21 1 315,000 865,000 145,000 115,000 880,000 2,320,000 Police Equipment - REPLACEMENT Total 315,000 865,000 145,000 115,000 880,000 2,320,000 ## Equipment Total 510,000 1,325,000 265,000 415,000 1,340,000 3,855,000 ## Vehicles ## EMS Fire Vehicles - NEW/ADDITIONS Capital Improvement Fund 025-PS-24 2 2,250,000 2,250,000 ## EMS Fire Vehicles - NEW/ADDITIONS Total 0 0 0 0 2,250,000 2,250,000 ## EMS Fire Vehicles - REPLACEMENT Capital Improvement Fund 020-PS-22 1 85,000 90,000 45,000 125,000 345,000 ## EMS Fire Vehicles - REPLACEMENT Total 85,000 90,000 45,000 125,000 0 345,000 ## Police Vehicles - NEW/ADDITIONS Capital Improvement Fund 021-PS-22 2 230,000 90,000 95,000 95,000 510,000 ## Police Vehicles - NEW/ADDITIONS Total 230,000 90,000 95,000 95,000 0 510,000 ## Police Vehicles - REPLACEMENT Capital Improvement Fund 022-PS-22 1 650,000 720,000 680,000 555,000 505,000 3,110,000 ## Produced Using Plan-It CIP Software 37 Source Project # Priority 2027 2028 2029 2030 2031 Total Police Vehicles - REPLACEMENT Total 650,000 720,000 680,000 555,000 505,000 3,110,000 ## Vehicles Total 965,000 900,000 820,000 775,000 2,755,000 6,215,000 ## GRAND TOTAL 1,475,000 2,225,000 1,085,000 1,190,000 4,095,000 10,070,000 ## Produced Using Plan-It CIP Software 38 ## Parks and Recreation ## Department •Category Summary •Projects and Funding Sources by ## Category 39 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Category Summary Category 2027 2028 2029 2030 2031 Total Park Buildings 50,000 0 50,000 Parks 85,000 2,600,000 175,000 30,000 2,890,000 Trails 830,000 200,000 1,030,000 ## GRAND TOTAL 915,000 2,850,000 175,000 30,000 0 3,970,000 ## Produced Using Plan-It CIP Software 40 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Projects & Funding Sources by Category ## Source Project # Priority 2027 2028 2029 2030 2031 Total ## Park Buildings ## Temp Treatment Plant Conversion to Rec Use ## (TBD 2030) Capital Improvement Fund 059-PW-23 2 50,000 0 50,000 ## Temp Treatment Plant Conversion to Rec Use (TBD 2030) Total 0 50,000 0 0 0 50,000 ## Park Buildings Total 0 50,000 0 0 0 50,000 ## Parks ## Bailey Property Master Planning Park Dedication Fund 065-PR-24 3 30,000 30,000 ## Bailey Property Master Planning Total 0 0 0 30,000 0 30,000 ## Community Park-S.Dale-Westwind Park Dedication Fund 051-PR-22 2 2,000,000 2,000,000 ## Community Park-S.Dale-Westwind Total 0 2,000,000 0 0 0 2,000,000 ## Future Park Development - Storm Water ## Valley Branch Trunk Storm Sewer ## Fund ## 069-PR-24 2 175,000 175,000 ## Future Park Development - Storm Water Total 0 0 175,000 0 0 175,000 ## Glacial Valley (SWWD) Park Park Dedication Fund 053-PR-22 2 60,000 600,000 660,000 ## Glacial Valley (SWWD) Park Total 60,000 600,000 0 0 0 660,000 ## NW Area Park and Trail Development ## Planning Park Dedication Fund 012-PR-21 2 25,000 25,000 ## NW Area Park and Trail Development Planning ## Total 25,000 0 0 0 0 25,000 ## Parks Total 85,000 2,600,000 175,000 30,000 0 2,890,000 ## Trails ## Nature Park Trailhead-South of Dale Park Dedication Fund 052-PR-22 2 30,000 200,000 230,000 ## Nature Park Trailhead-South of Dale Total 30,000 200,000 0 0 0 230,000 ## Powers Lake Trail Connection Construction Capital Improvement Fund 071-PR-26 3 800,000 800,000 Powers Lake Trail Connection Construction Total 800,000 0 0 0 0 800,000 ## Trails Total 830,000 200,000 0 0 0 1,030,000 ## GRAND TOTAL 915,000 2,850,000 175,000 30,000 0 3,970,000 ## Produced Using Plan-It CIP Software 41 This page intentionally left blank 42 ## Eagle Valley ## Golf Course •Projects and Funding ## Sources by Category 43 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Projects & Funding Sources by Category ## Source Project # Priority 2027 2028 2029 2030 2031 Total ## EVGC ## EVGC Food and Beverage ## Eagle Valley Golf Course Fund 070-PR-26 1 25,000 25,000 ## EVGC Food and Beverage Total 0 0 0 25,000 0 25,000 ## EVGC Golf Cart Fleet ## Eagle Valley Golf Course Fund 032-PR-21 1 585,000 585,000 ## EVGC Golf Cart Fleet Total 0 0 0 0 585,000 585,000 ## EVGC Maintenance Equipment Eagle Valley Golf Course Fund 030-PR-21 1 45,000 275,000 55,000 110,000 100,000 585,000 ## EVGC Maintenance Equipment Total 45,000 275,000 55,000 110,000 100,000 585,000 ## EVGC On-Course Improvements Eagle Valley Golf Course Fund 031-PR-21 1 1,100,000 200,000 35,000 1,335,000 ## EVGC On-Course Improvements Total 1,100,000 0 200,000 35,000 0 1,335,000 ## EVGC Practice Range Equipment ## Eagle Valley Golf Course Fund 036-PR-21 1 10,000 10,000 EVGC Practice Range Equipment Total 0 0 10,000 0 0 10,000 ## EVGC Total 1,145,000 275,000 265,000 170,000 685,000 2,540,000 ## GRAND TOTAL 1,145,000 275,000 265,000 170,000 685,000 2,540,000 ## Produced Using Plan-It CIP Software 44 ## Sports Center •Projects and Funding ## Sources by Category 45 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Projects & Funding Sources by Category ## Source Project # Priority 2027 2028 2029 2030 2031 Total ## Sports Center ## Sports Center Equipment/Technology/Bldg Sports Center Fund 046-PR-21 1 35,000 10,000 50,000 95,000 ## Sports Center Equipment/Technology/Bldg Total 35,000 0 0 10,000 50,000 95,000 ## Sports Center Field House Equipment Sports Center Fund 063-PR-24 1 75,000 75,000 ## Sports Center Field House Equipment Total 0 0 75,000 0 0 75,000 ## Sports Center Ice Arena Sports Center Fund 043-PR-21 1 15,000 160,000 60,000 210,000 445,000 ## Sports Center Ice Arena Total 15,000 160,000 60,000 210,000 0 445,000 ## Sports Center Ice Arena Equipment Sports Center Fund 042-PR-21 1 230,000 15,000 45,000 200,000 490,000 ## Sports Center Ice Arena Equipment Total 230,000 15,000 0 45,000 200,000 490,000 ## Sports Center Lobby Link Sports Center Fund 068-PR-24 1 15,000 15,000 Sports Center Lobby Link Total 0 0 15,000 0 0 15,000 ## Sports Center Total 280,000 175,000 150,000 265,000 250,000 1,120,000 ## GRAND TOTAL 280,000 175,000 150,000 265,000 250,000 1,120,000 ## Produced Using Plan-It CIP Software 46 ## Public Works Department •Category Summary •Projects and Funding Sources by ## Category 47 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Category Summary Category 2027 2028 2029 2030 2031 Total Athletic Field 1,500,000 1,500,000 Equipment 335,000 85,000 160,000 580,000 Landscaping/Irrigation 2,045,000 2,045,000 Park Buildings 210,000 225,000 150,000 585,000 Parking Lots 785,000 475,000 175,000 490,000 1,925,000 Parks 1,145,000 900,000 1,180,000 120,000 990,000 4,335,000 Stormwater 215,000 215,000 Traffic Control 20,000 325,000 345,000 Trails 1,195,000 390,000 220,000 1,285,000 485,000 3,575,000 Transportation 340,000 685,000 435,000 1,460,000 Vehicles/Machinery 1,775,000 2,905,000 2,995,000 520,000 2,195,000 10,390,000 ## GRAND TOTAL 5,680,000 7,365,000 5,255,000 4,345,000 4,310,000 26,955,000 ## Produced Using Plan-It CIP Software 48 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Projects & Funding Sources by Category ## Source Project # Priority 2027 2028 2029 2030 2031 Total ## Athletic Field ## Miracle Field Replacement Parks & Trails Replacement Fund 045-PW-21 2 1,500,000 1,500,000 Miracle Field Replacement Total 0 0 0 1,500,000 0 1,500,000 ## Athletic Field Total 0 0 0 1,500,000 0 1,500,000 ## Equipment ## Fleet Equipment - NEW Capital Improvement Fund 084-PW-24 3 85,000 85,000 ## Fleet Equipment - NEW Total 0 85,000 0 0 0 85,000 ## Fleet Equipment - REPLACEMENT Capital Improvement Fund 035-PW-21 1 335,000 335,000 ## Fleet Equipment - REPLACEMENT Total 335,000 0 0 0 0 335,000 ## PW Asset Management Software Capital Improvement Fund 100-PW-24 3 160,000 160,000 PW Asset Management Software Total 0 0 0 160,000 0 160,000 ## Equipment Total 335,000 85,000 0 160,000 0 580,000 ## Landscaping/Irrigation ## Field Drainage & Irrigation Replacement-Red ## Fields Parks & Trails Replacement Fund 114-PW-26 2 1,500,000 1,500,000 ## Field Drainage & Irrigation Replacement-Red Fields ## Total 0 1,500,000 0 0 0 1,500,000 ## Field Drainage & Irrigation Replacements- ## Ojibway Parks & Trails Replacement Fund 043-PW-21 2 545,000 545,000 ## Field Drainage & Irrigation Replacements-Ojibway ## Total 0 545,000 0 0 0 545,000 ## Landscaping/Irrigation Total 0 2,045,000 0 0 0 2,045,000 ## Park Buildings ## Buildings & Shelters Parks & Trails Replacement Fund 073-PW-23 2 110,000 110,000 ## Buildings & Shelters Total 110,000 0 0 0 0 110,000 ## Park Building Access Control Upgrades Capital Improvement Fund 111-PW-26 3 80,000 80,000 ## Park Building Access Control Upgrades Total 0 80,000 0 0 0 80,000 ## Park Building Updates Capital Improvement Fund 022-PW-21 3 100,000 145,000 150,000 395,000 Park Building Updates Total 100,000 145,000 0 0 150,000 395,000 ## Park Buildings Total 210,000 225,000 0 0 150,000 585,000 ## Parking Lots ## Chip Seal Coat - Parking Lot Capital Improvement Fund 105-PW-26 1 20,000 20,000 ## Chip Seal Coat - Parking Lot Total 20,000 0 0 0 0 20,000 ## Parking Lot Replacements Parks & Trails Replacement Fund 039-PW-21 1 750,000 257,500 125,000 490,000 1,622,500 ## Produced Using Plan-It CIP Software 49 Source Project # Priority 2027 2028 2029 2030 2031 Total Storm Water Utility Fund 039-PW-21 1 15,000 127,500 142,500 Water and Sewer Utility Fund 039-PW-21 1 90,000 90,000 ## Parking Lot Replacements Total 765,000 475,000 125,000 0 490,000 1,855,000 ## Resurfacing Pervious Pavement - Visitor ## Parking Lot Capital Improvement Fund 107-PW-26 1 50,000 50,000 ## Resurfacing Pervious Pavement - Visitor Parking Lot ## Total 0 0 50,000 0 0 50,000 ## Parking Lots Total 785,000 475,000 175,000 0 490,000 1,925,000 ## Parks ## Andy's Bark Park Improvements Capital Improvement Fund 025-PW-21 3 100,000 100,000 ## Andy's Bark Park Improvements Total 100,000 0 0 0 0 100,000 ## Court Replacement Parks & Trails Replacement Fund 041-PW-21 2 745,000 670,000 260,000 660,000 2,335,000 ## Court Replacement Total 745,000 670,000 260,000 0 660,000 2,335,000 ## Fiber Connection at Park Buildings Capital Improvement Fund 113-PW-26 3 20,000 20,000 ## Fiber Connection at Park Buildings Total 0 20,000 0 0 0 20,000 ## Parks Recycling Receptacle Conversion Capital Improvement Fund 110-PW-26 3 100,000 100,000 100,000 100,000 100,000 500,000 ## Parks Recycling Receptacle Conversion Total 100,000 100,000 100,000 100,000 100,000 500,000 ## Playground Replacement Parks & Trails Replacement Fund 040-PW-21 2 200,000 750,000 230,000 1,180,000 ## Playground Replacement Total 200,000 0 750,000 0 230,000 1,180,000 ## Retaining Wall Replacement - Park Related Parks & Trails Replacement Fund 101-PW-26 2 110,000 70,000 20,000 200,000 Retaining Wall Replacement - Park Related Total 0 110,000 70,000 20,000 0 200,000 ## Parks Total 1,145,000 900,000 1,180,000 120,000 990,000 4,335,000 ## Stormwater ## Stormwater Lift Station Pump Replacement Storm Water Utility Fund 104-PW-26 1 100,000 100,000 ## Stormwater Lift Station Pump Replacement Total 100,000 0 0 0 0 100,000 ## Stormwater Pipe Lining Storm Water Utility Fund 106-PW-26 1 115,000 115,000 Stormwater Pipe Lining Total 115,000 0 0 0 0 115,000 ## Stormwater Total 215,000 0 0 0 0 215,000 ## Traffic Control ## Signal Light Upgrades Street Lighting Utility Fund 097-PW-25 3 20,000 325,000 345,000 Signal Light Upgrades Total 20,000 0 0 325,000 0 345,000 ## Traffic Control Total 20,000 0 0 325,000 0 345,000 ## Trails ## Trail Replacement Parks & Trails Replacement Fund 038-PW-21 1 1,020,000 200,000 200,000 1,085,000 460,000 2,965,000 School District 038-PW-21 1 175,000 190,000 20,000 200,000 25,000 610,000 Trail Replacement Total 1,195,000 390,000 220,000 1,285,000 485,000 3,575,000 ## Trails Total 1,195,000 390,000 220,000 1,285,000 485,000 3,575,000 ## Transportation ## Guardrail Safety Improvement ## Produced Using Plan-It CIP Software 50 Source Project # Priority 2027 2028 2029 2030 2031 Total Capital Improvement Fund 098-PW-25 3 325,000 325,000 ## Guardrail Safety Improvement Total 0 0 0 325,000 0 325,000 ## Retaining Wall Replacement Capital Improvement Fund 081-PW-24 3 340,000 685,000 110,000 1,135,000 Retaining Wall Replacement Total 0 340,000 685,000 110,000 0 1,135,000 ## Transportation Total 0 340,000 685,000 435,000 0 1,460,000 ## Vehicles/Machinery ## Vehicles and Machinery - NEW/ADDITIONS Capital Improvement Fund 034-PW-21 3 310,000 280,000 810,000 1,400,000 ## Vehicles and Machinery - NEW/ADDITIONS Total 310,000 280,000 810,000 0 0 1,400,000 ## Vehicles and Machinery - REPLACEMENT Capital Improvement Fund 033-PW-21 1 1,465,000 2,625,000 2,185,000 520,000 2,195,000 8,990,000 Vehicles and Machinery - REPLACEMENT Total 1,465,000 2,625,000 2,185,000 520,000 2,195,000 8,990,000 ## Vehicles/Machinery Total 1,775,000 2,905,000 2,995,000 520,000 2,195,000 10,390,000 ## GRAND TOTAL 5,680,000 7,365,000 5,255,000 4,345,000 4,310,000 26,955,000 ## Produced Using Plan-It CIP Software 51 This page intentionally left blank 52 Water and ## Sewer Utility •Category Summary •Project and Funding Sources by Category 53 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Category Summary Category 2027 2028 2029 2030 2031 Total Drinking Water 3,120,000 3,340,000 2,745,000 1,080,000 1,110,000 11,395,000 Sewer 145,000 300,000 150,000 595,000 Utilities 50,000 440,000 375,000 865,000 Vehicles/Machinery 1,015,000 235,000 250,000 875,000 195,000 2,570,000 ## GRAND TOTAL 4,330,000 4,315,000 3,370,000 1,955,000 1,455,000 15,425,000 ## Produced Using Plan-It CIP Software 54 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Projects & Funding Sources by Category ## Source Project # Priority 2027 2028 2029 2030 2031 Total ## Drinking Water ## Ground Storage Tank & Booster Station Maint Water and Sewer Utility Fund 058-PW-21 1 2,000,000 2,000,000 ## Ground Storage Tank & Booster Station Maint Total 2,000,000 0 0 0 0 2,000,000 ## Lake Tower Tank Maintenance Water and Sewer Utility Fund 059-PW-21 1 130,000 2,000,000 2,130,000 ## Lake Tower Tank Maintenance Total 130,000 2,000,000 0 0 0 2,130,000 ## Water Meter Replacement Program Water and Sewer Utility Fund 061-PW-21 1 610,000 625,000 645,000 665,000 685,000 3,230,000 ## Water Meter Replacement Program Total 610,000 625,000 645,000 665,000 685,000 3,230,000 ## Well Rehabilitation Water and Sewer Utility Fund 055-PW-21 1 380,000 585,000 400,000 415,000 425,000 2,205,000 ## Well Rehabilitation Total 380,000 585,000 400,000 415,000 425,000 2,205,000 ## Woodlane Tower Maintenance Water and Sewer Utility Fund 068-PW-22 1 130,000 1,700,000 1,830,000 Woodlane Tower Maintenance Total 0 130,000 1,700,000 0 0 1,830,000 ## Drinking Water Total 3,120,000 3,340,000 2,745,000 1,080,000 1,110,000 11,395,000 ## Sewer All Sanitary Lift Stations; Inspections & Maint. Water and Sewer Utility Fund 067-PW-22 1 145,000 145,000 ## All Sanitary Lift Stations; Inspections & Maint. Total 145,000 0 0 0 0 145,000 ## Northeast Trunk Cleaning and Televising Water and Sewer Utility Fund 071-PW-22 1 150,000 150,000 ## Northeast Trunk Cleaning and Televising Total 0 150,000 0 0 0 150,000 ## Southeast Trunk Sewer Lining & Repairs Water and Sewer Utility Fund 050-PW-21 1 150,000 150,000 ## Southeast Trunk Sewer Lining & Repairs Total 0 0 0 0 150,000 150,000 ## Tamarack Trunk Cleaning and Televising Water and Sewer Utility Fund 070-PW-22 1 150,000 150,000 Tamarack Trunk Cleaning and Televising Total 0 150,000 0 0 0 150,000 ## Sewer Total 145,000 300,000 0 0 150,000 595,000 ## Utilities ## Commercial Meter Right Sizing & ## Replacement Water and Sewer Utility Fund 066-PW-22 1 400,000 400,000 ## Commercial Meter Right Sizing & Replacement Total 0 400,000 0 0 0 400,000 ## SCADA Firewall and Server Update Water and Sewer Utility Fund 056-PW-21 3 30,000 40,000 70,000 ## SCADA Firewall and Server Update Total 30,000 40,000 0 0 0 70,000 ## Systemwide Infrastructure Condition ## Analysis Water and Sewer Utility Fund 063-PW-22 3 175,000 175,000 ## Systemwide Infrastructure Condition Analysis Total 0 0 175,000 0 0 175,000 ## Water Meter Managment System ## Produced Using Plan-It CIP Software 55 Source Project # Priority 2027 2028 2029 2030 2031 Total Water and Sewer Utility Fund 108-PW-26 1 20,000 20,000 ## Water Meter Managment System Total 20,000 0 0 0 0 20,000 ## Well Site Asphalt Repairs Water and Sewer Utility Fund 102-PW-26 1 200,000 200,000 Well Site Asphalt Repairs Total 0 0 200,000 0 0 200,000 ## Utilities Total 50,000 440,000 375,000 0 0 865,000 ## Vehicles/Machinery ## Water and Sewer Vehicles/Equip - NEW/ ## ADDITIONS Water and Sewer Utility Fund 062-PW-21a 3 155,000 155,000 ## Water and Sewer Vehicles/Equip - NEW/ADDITIONS ## Total 155,000 0 0 0 0 155,000 ## Water and Sewer Vehicles/Equip - ## REPLACEMENT Water and Sewer Utility Fund 062-PW-21 1 860,000 235,000 250,000 875,000 195,000 2,415,000 ## Water and Sewer Vehicles/Equip - REPLACEMENT ## Total 860,000 235,000 250,000 875,000 195,000 2,415,000 ## Vehicles/Machinery Total 1,015,000 235,000 250,000 875,000 195,000 2,570,000 ## GRAND TOTAL 4,330,000 4,315,000 3,370,000 1,955,000 1,455,000 15,425,000 ## Produced Using Plan-It CIP Software 56 ## Engineering Department •Category Summary •Projects and Funding Sources by ## Category 57 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Category Summary Category 2027 2028 2029 2030 2031 Total City Buildings 465,000 425,000 365,000 610,000 875,000 2,740,000 Development Driven Infrastructure 8,000,000 10,000,000 10,000,000 10,000,000 10,000,000 48,000,000 Drinking Water 550,000 965,000 1,515,000 Sewer 2,000,000 2,000,000 Stormwater 3,665,000 1,590,000 4,851,000 1,565,000 4,220,000 15,891,000 Street Construction 4,175,000 7,435,000 2,640,000 4,200,000 18,450,000 Street Reconstruction/Rehab 34,260,000 20,390,000 15,875,000 17,435,000 19,015,000 106,975,000 Trails 50,000 150,000 1,850,000 2,050,000 ## GRAND TOTAL 51,115,000 42,855,000 33,881,000 31,460,000 38,310,000 197,621,000 ## Produced Using Plan-It CIP Software 58 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Projects & Funding Sources by Category ## Source Project # Priority 2027 2028 2029 2030 2031 Total ## City Buildings ## Afton Rd Fire Station Parking Lot Capital Improvement Fund 25-ENG-15 1 250,000 105,000 355,000 ## Afton Rd Fire Station Parking Lot Total 250,000 0 0 105,000 0 355,000 ## City Hall Replacements Capital Improvement Fund 25-MB-01 2 160,000 160,000 180,000 500,000 ## City Hall Replacements Total 160,000 160,000 0 180,000 0 500,000 ## Fire Station Thames Improvements Capital Improvement Fund 026-PS-25 1 100,000 100,000 ## Fire Station Thames Improvements Total 0 0 100,000 0 0 100,000 ## Fox Run Fire Station Capital Improvement Fund 024-ENG-24 1 125,000 125,000 ## Fox Run Fire Station Total 0 125,000 0 0 0 125,000 ## Public Works Elevator Replacement Capital Improvement Fund 002-ENG-23 1 200,000 200,000 ## Public Works Elevator Replacement Total 0 0 200,000 0 0 200,000 ## Public Works Level II Charging Stations Capital Improvement Fund 006-ENG-22 2 55,000 55,000 ## Public Works Level II Charging Stations Total 55,000 0 0 0 0 55,000 ## Public Works MAU Replacement Capital Improvement Fund 005-ENG-23 1 140,000 140,000 ## Public Works MAU Replacement Total 0 140,000 0 0 0 140,000 ## Replace Fire Alarm Panels Remote Fire ## Stations Capital Improvement Fund 26-ENG-27 3 225,000 225,000 ## Replace Fire Alarm Panels Remote Fire Stations ## Total 0 0 0 0 225,000 225,000 ## Roof Replacement at Public Works Building Capital Improvement Fund 26-ENG-28 3 650,000 650,000 ## Roof Replacement at Public Works Building Total 0 0 0 0 650,000 650,000 ## Thames Fire Station Capital Improvement Fund 023-ENG-24 1 65,000 325,000 390,000 Thames Fire Station Total 0 0 65,000 325,000 0 390,000 ## City Buildings Total 465,000 425,000 365,000 610,000 875,000 2,740,000 ## Development Driven Infrastructure ## Res/Com Plan B Infrastructure - Entitled Developer Funded 065-ENG-22 2 2,500,000 2,500,000 ## Res/Com Plan B Infrastructure - Entitled Total 2,500,000 0 0 0 0 2,500,000 ## Res/Com Plan B Infrastructure - Non-Entitled Developer Funded 066-ENG-22 3 5,500,000 10,000,000 10,000,000 10,000,000 10,000,000 45,500,000 Res/Com Plan B Infrastructure - Non-Entitled Total 5,500,000 10,000,000 10,000,000 10,000,000 10,000,000 45,500,000 ## Development Driven Infrastructure Total 8,000,000 10,000,000 10,000,000 10,000,000 10,000,000 48,000,000 ## Drinking Water ## Bailey Nursery's West Trunk Water Main ## Produced Using Plan-It CIP Software 59 Source Project # Priority 2027 2028 2029 2030 2031 Total ## Trunk Water & Sanitary Sewer ## Fund ## 010-ENG-22 3 550,000 550,000 1,100,000 ## Bailey Nursery's West Trunk Water Main Total 550,000 550,000 0 0 0 1,100,000 ## Water Main Extension Settlers East to ## Eastview Rd ## Trunk Water & Sanitary Sewer ## Fund ## 013-ENG-22 3 415,000 415,000 ## Water Main Extension Settlers East to Eastview Rd ## Total 0 415,000 0 0 0 415,000 ## Drinking Water Total 550,000 965,000 0 0 0 1,515,000 ## Sewer ## MCES L-77 Sanitary Sewer Interceptor ROW ## Trunk Water & Sanitary Sewer ## Fund ## 018-PW-21 3 530,000 530,000 ## MCES L-77 Sanitary Sewer Interceptor ROW Total 0 530,000 0 0 0 530,000 ## MCES L-77 Sanitary Sewer Lift Station ## Upgrades ## Trunk Water & Sanitary Sewer ## Fund ## 014-PW-21 2 1,440,000 1,440,000 ## MCES L-77 Sanitary Sewer Lift Station Upgrades ## Total 0 1,440,000 0 0 0 1,440,000 ## Update NE AUAR ## Trunk Water & Sanitary Sewer ## Fund ## 09-ENG-24 1 30,000 30,000 Update NE AUAR Total 0 30,000 0 0 0 30,000 ## Sewer Total 0 2,000,000 0 0 0 2,000,000 ## Stormwater ## Bailey Lake Lift Station Outlet Spillway Storm Water Utility Fund 26-ENG-20 1 365,000 365,000 ## Bailey Lake Lift Station Outlet Spillway Total 365,000 0 0 0 0 365,000 ## Bailey Lake Lift Station Upgrades ## Central District Trunk Storm ## Sewer Fund ## 26-ENG-21 1 70,000 1,990,000 345,000 2,680,000 5,085,000 ## Bailey Lake Lift Station Upgrades Total 0 70,000 1,990,000 345,000 2,680,000 5,085,000 ## Central District Water Level Management ## Central District Trunk Storm ## Sewer Fund ## 25-ENV-02 3 110,000 110,000 Intergovernmental Grant - Local 25-ENV-02 3 110,000 110,000 ## Central District Water Level Management Total 220,000 0 0 0 0 220,000 ## City Hall Lift Station ## Ramsey Wash. Metro Trunk Storm ## Sewer Fund ## 26-ENG-24 1 70,000 30,000 110,000 210,000 Storm Water Utility Fund 26-ENG-24 1 90,000 325,000 415,000 ## City Hall Lift Station Total 70,000 120,000 435,000 0 0 625,000 ## Fox Glen Lift Station Improvements ## Central District Trunk Storm ## Sewer Fund 26-Eng-21 1 75,000 60,000 135,000 Storm Water Utility Fund 26-Eng-21 1 75,000 75,000 ## Fox Glen Lift Station Improvements Total 0 0 0 75,000 135,000 210,000 ## La and Ria Lake Downstream Flood Resilience ## East Mississippi Trunk Storm ## Sewer Fund ## 25-ENV-01 2 25,000 25,000 Intergovernmental Grant - Local 25-ENV-01 2 75,000 75,000 Intergovernmental Grant - State 25-ENV-01 2 361,000 361,000 ## Produced Using Plan-It CIP Software 60 Source Project # Priority 2027 2028 2029 2030 2031 Total Storm Water Utility Fund 25-ENV-01 2 105,000 105,000 ## La and Ria Lake Downstream Flood Resilience Total 0 0 566,000 0 0 566,000 ## Lake Level Monitoring ## Central District Trunk Storm ## Sewer Fund ## 004-ENG-24 2 155,000 155,000 Intergovernmental Grant - Local 004-ENG-24 2 155,000 155,000 ## Lake Level Monitoring Total 0 310,000 0 0 0 310,000 ## Lift Station Generators ## Central District Trunk Storm ## Sewer Fund ## 030-ENG-21 1 200,000 200,000 ## Lift Station Generators Total 200,000 0 0 0 0 200,000 ## Orchard Ridge Lift Station ## West Draw Trunk Storm Sewer ## Fund ## 26-ENG-23 1 5,000 20,000 25,000 ## Orchard Ridge Lift Station Total 5,000 20,000 0 0 0 25,000 ## Storm Water BMP Maintenance Projects Storm Water Utility Fund 010-ENG-21 2 820,000 875,000 910,000 950,000 1,000,000 4,555,000 ## Storm Water BMP Maintenance Projects Total 820,000 875,000 910,000 950,000 1,000,000 4,555,000 ## Tamarack Nature Preserve Restoration ## Project Intergovernmental Grant - Local 26-ENG-26 2 165,000 165,000 Intergovernmental Grant - State 26-ENG-26 2 850,000 850,000 Storm Water Utility Fund 26-ENG-26 2 195,000 195,000 ## Tamarack Nature Preserve Restoration Project ## Total 1,210,000 0 0 0 0 1,210,000 ## Trunk Storm and Regional Ponding ## Central District Trunk Storm ## Sewer Fund ## 023-ENG-21 2 285,000 550,000 835,000 ## Valley Branch Trunk Storm Sewer ## Fund ## 023-ENG-21 2 205,000 210,000 415,000 ## Trunk Storm and Regional Ponding Total 285,000 0 755,000 0 210,000 1,250,000 ## Vegetation Restoration Projects ## Central District Trunk Storm ## Sewer Fund ## 009-ENG-21 2 105,000 95,000 95,000 95,000 390,000 Storm Water Utility Fund 009-ENG-21 2 90,000 100,000 100,000 100,000 390,000 ## Vegetation Restoration Projects Total 0 195,000 195,000 195,000 195,000 780,000 ## Winwood Passage Lift Station ## Ramsey Wash. Metro Trunk Storm ## Sewer Fund ## 26-ENG-22 1 180,000 180,000 ## Winwood Passage Lift Station Total 180,000 0 0 0 0 180,000 ## Woodbury Lakes Channel Restoration ## Central District Trunk Storm ## Sewer Fund ## 25-ENV-03 2 185,000 185,000 Storm Water Utility Fund 25-ENV-03 2 125,000 125,000 Woodbury Lakes Channel Restoration Total 310,000 0 0 0 0 310,000 ## Stormwater Total 3,665,000 1,590,000 4,851,000 1,565,000 4,220,000 15,891,000 ## Street Construction ## Cottage Grove Dr Improve Dale to Ph 2D ## Central District Trunk Storm ## Sewer Fund ## 25-ENG-04 3 1,050,000 1,050,000 ## Phase II Major Roadway Special ## Assessment Fund ## 25-ENG-04 3 2,600,000 2,600,000 ## Trunk Water & Sanitary Sewer ## Fund ## 25-ENG-04 3 525,000 525,000 ## Produced Using Plan-It CIP Software 61 Source Project # Priority 2027 2028 2029 2030 2031 Total ## Cottage Grove Dr Improve Dale to Ph 2D Total 4,175,000 0 0 0 0 4,175,000 Cottage Grove Dr -Ph 2D to CSAH 18 ## Central District Trunk Storm ## Sewer Fund ## 25-ENG-06 3 800,000 800,000 ## Phase II Major Roadway Special ## Assessment Fund ## 25-ENG-06 3 2,500,000 2,500,000 ## Trunk Water & Sanitary Sewer ## Fund ## 25-ENG-06 3 900,000 900,000 ## Cottage Grove Dr -Ph 2D to CSAH 18 Total 0 0 0 0 4,200,000 4,200,000 Dale Road - 1/2 mile east of CSAH 19 - CG Dr. ## Central District Trunk Storm ## Sewer Fund ## 045-ENG-21 2 1,000,000 1,000,000 ## Phase II Major Roadway Special ## Assessment Fund ## 045-ENG-21 2 5,940,000 5,940,000 ## Trunk Water & Sanitary Sewer ## Fund ## 045-ENG-21 2 495,000 495,000 Dale Road - 1/2 mile east of CSAH 19 - CG Dr. Total 0 7,435,000 0 0 0 7,435,000 ## Eastview Rd Extension - Settlers East to ## Manning A ## Phase II Major Roadway Special ## Assessment Fund ## 25-ENG-05 2 2,640,000 2,640,000 ## Eastview Rd Extension - Settlers East to Manning A ## Total 0 0 2,640,000 0 0 2,640,000 ## Street Construction Total 4,175,000 7,435,000 2,640,000 0 4,200,000 18,450,000 ## Street Reconstruction/Rehab ## 2027 Roadway Rehabilitation Project Parks & Trails Replacement Fund 015-ENG-21f 1 325,000 325,000 Special Assessments 015-ENG-21f 1 3,485,000 3,485,000 Storm Water Utility Fund 015-ENG-21f 1 4,105,000 4,105,000 ## Street Reconstruction/ ## Maintenance Fund 015-ENG-21f 1 8,340,000 8,340,000 Water and Sewer Utility Fund 015-ENG-21f 1 5,745,000 5,745,000 ## 2027 Roadway Rehabilitation Project Total 22,000,000 0 0 0 0 22,000,000 ## 2028 Roadway Rehabilitation Project Parks & Trails Replacement Fund 015-ENG-22g 1 695,000 695,000 Special Assessments 015-ENG-22g 1 1,430,000 1,430,000 Storm Water Utility Fund 015-ENG-22g 1 390,000 390,000 ## Street Reconstruction/ ## Maintenance Fund 015-ENG-22g 1 500,000 3,245,000 3,745,000 Water and Sewer Utility Fund 015-ENG-22g 1 995,000 995,000 ## 2028 Roadway Rehabilitation Project Total 500,000 6,755,000 0 0 0 7,255,000 ## 2029 Roadway Rehabilitation Project Parks & Trails Replacement Fund 015-ENG-22h 1 700,000 700,000 Special Assessments 015-ENG-22h 1 3,130,000 3,130,000 Storm Water Utility Fund 015-ENG-22h 1 1,155,000 1,155,000 ## Street Reconstruction/ ## Maintenance Fund 015-ENG-22h 1 150,000 500,000 6,495,000 7,145,000 Water and Sewer Utility Fund 015-ENG-22h 1 1,095,000 1,095,000 ## 2029 Roadway Rehabilitation Project Total 150,000 500,000 12,575,000 0 0 13,225,000 ## 2030 Roadway Rehabilitation Project Parks & Trails Replacement Fund 015-ENG-22i 1 615,000 615,000 Special Assessments 015-ENG-22i 1 2,695,000 2,695,000 Storm Water Utility Fund 015-ENG-22i 1 435,000 435,000 ## Street Reconstruction/ ## Maintenance Fund 015-ENG-22i 1 150,000 500,000 6,700,000 7,350,000 ## Produced Using Plan-It CIP Software 62 Source Project # Priority 2027 2028 2029 2030 2031 Total Water and Sewer Utility Fund 015-ENG-22i 1 480,000 480,000 ## 2030 Roadway Rehabilitation Project Total 0 150,000 500,000 10,925,000 0 11,575,000 ## 2031 Roadway Rehabilitation Project Parks & Trails Replacement Fund 001-ENG-24 2 750,000 750,000 Special Assessments 001-ENG-24 2 3,250,000 3,250,000 Storm Water Utility Fund 001-ENG-24 2 400,000 400,000 ## Street Reconstruction/ ## Maintenance Fund ## 001-ENG-24 2 150,000 300,000 6,250,000 6,700,000 Water and Sewer Utility Fund 001-ENG-24 2 350,000 350,000 ## 2031 Roadway Rehabilitation Project Total 0 0 150,000 300,000 11,000,000 11,450,000 ## 2032 Roadway Rehabiliation Project ## Street Reconstruction/ ## Maintenance Fund ## 25-ENG-02 1 150,000 300,000 450,000 ## 2032 Roadway Rehabiliation Project Total 0 0 0 150,000 300,000 450,000 ## 2033 Roadway Rehabilitation Project ## Street Reconstruction/ ## Maintenance Fund ## 26-ENG-12 1 150,000 150,000 ## 2033 Roadway Rehabilitation Project Total 0 0 0 0 150,000 150,000 ## Asphalt Rejuvenator Project ## Street Reconstruction/ ## Maintenance Fund ## 021-ENG-21 2 700,000 800,000 400,000 600,000 500,000 3,000,000 ## Asphalt Rejuvenator Project Total 700,000 800,000 400,000 600,000 500,000 3,000,000 ## Commons Drive Special Assessments 26-ENG-14 2 300,000 300,000 Storm Water Utility Fund 26-ENG-14 2 50,000 50,000 ## Street Reconstruction/ ## Maintenance Fund ## 26-ENG-14 2 150,000 200,000 435,000 785,000 Water and Sewer Utility Fund 26-ENG-14 2 15,000 15,000 ## Commons Drive Total 0 0 150,000 200,000 800,000 1,150,000 ## CSAH 13-Hargis Parkway to Military Rd ## Central District Trunk Storm ## Sewer Fund ## 033-ENG-21 1 500,000 500,000 ## Phase II Major Roadway Special ## Assessment Fund ## 033-ENG-21 1 2,000,000 2,000,000 ## Trunk Water & Sanitary Sewer ## Fund ## 033-ENG-21 1 3,000,000 3,000,000 Water and Sewer Utility Fund 033-ENG-21 1 2,600,000 2,600,000 ## CSAH 13-Hargis Parkway to Military Rd Total 8,100,000 0 0 0 0 8,100,000 ## CSAH 16 and Settlers Ridge Parkway ## Intersection ## Central District Trunk Storm ## Sewer Fund ## 25-ENG-08 2 50,000 50,000 ## Phase II Major Roadway Special ## Assessment Fund ## 25-ENG-08 2 200,000 200,000 Water and Sewer Utility Fund 25-ENG-08 2 20,000 20,000 ## CSAH 16 and Settlers Ridge Parkway Intersection ## Total 0 270,000 0 0 0 270,000 ## CSAH 16–Century Ave to Bielenberg Drive ## Pavement Preservation M.S.A. Revenue 26-ENG-02 1 1,100,000 1,100,000 Special Assessments 26-ENG-02 1 100,000 100,000 Storm Water Utility Fund 26-ENG-02 1 40,000 40,000 Water and Sewer Utility Fund 26-ENG-02 1 130,000 130,000 ## CSAH 16–Century Ave to Bielenberg Drive Pavement ## Preservation Total 1,370,000 0 0 0 0 1,370,000 ## Produced Using Plan-It CIP Software 63 Source Project # Priority 2027 2028 2029 2030 2031 Total CSAH 16 (Interlachen to TH 95) ## Central District Trunk Storm ## Sewer Fund ## 08-ENG-24 1 100,000 100,000 M.S.A. Revenue 08-ENG-24 1 300,000 300,000 Special Assessments 08-ENG-24 1 80,000 80,000 Water and Sewer Utility Fund 08-ENG-24 1 30,000 30,000 CSAH 16 (Interlachen to TH 95) Total 0 510,000 0 0 0 510,000 ## CSAH 18 (Bailey Rd) - I-494 to Woodlane Dr ## Improve ## Phase II Major Roadway Special ## Assessment Fund ## 25-ENG-09 1 50,000 800,000 850,000 ## CSAH 18 (Bailey Rd) - I-494 to Woodlane Dr Improve ## Total 0 0 50,000 800,000 0 850,000 ## CSAH 18 - I-494 to Settlers Ridge Parkway ## Study ## Phase II Major Roadway Special ## Assessment Fund ## 26-ENG-04 1 50,000 50,000 ## CSAH 18 - I-494 to Settlers Ridge Parkway Study ## Total 0 50,000 0 0 0 50,000 CSAH 19-CSAH 22 to Dale Rd ## Phase II Major Roadway Special ## Assessment Fund ## 26-ENG-01 1 25,000 25,000 ## CSAH 19-CSAH 22 to Dale Rd Total 0 0 0 25,000 0 25,000 CSAH 20 - CSAH 22 to Military ## Central District Trunk Storm ## Sewer Fund ## 25-ENG-14 2 375,000 375,000 ## Phase II Major Roadway Special ## Assessment Fund ## 25-ENG-14 2 1,125,000 1,125,000 CSAH 20 - CSAH 22 to Military Total 0 1,500,000 0 0 0 1,500,000 ## Hudson Road - City Walk Drive to Karen Drive M.S.A. Revenue 067-ENG-23 3 150,000 150,000 705,000 1,005,000 Parks & Trails Replacement Fund 067-ENG-23 3 150,000 150,000 Special Assessments 067-ENG-23 3 300,000 300,000 Storm Water Utility Fund 067-ENG-23 3 80,000 80,000 Water and Sewer Utility Fund 067-ENG-23 3 60,000 60,000 ## Hudson Road - City Walk Drive to Karen Drive Total 150,000 150,000 1,295,000 0 0 1,595,000 ## Lake Road from Century Ave to Courtly Rd; ## Tahoe Road to Woodlane Dr Intergovernmental Grant - Federal 26-ENG-19 1 0 0 M.S.A. Revenue 26-ENG-19 1 150,000 500,000 2,035,000 2,685,000 Special Assessments 26-ENG-19 1 300,000 300,000 Storm Water Utility Fund 26-ENG-19 1 300,000 300,000 Water and Sewer Utility Fund 26-ENG-19 1 65,000 65,000 ## Lake Road from Century Ave to Courtly Rd; Tahoe Road ## to Woodlane Dr Total 0 0 150,000 500,000 2,700,000 3,350,000 ## Safe Streets Priority Projects ## Street Reconstruction/ ## Maintenance Fund ## 25-ENG-01 2 200,000 100,000 105,000 110,000 115,000 630,000 ## Safe Streets Priority Projects Total 200,000 100,000 105,000 110,000 115,000 630,000 ## Settlers Ridge Parkway-Valley Creek to Bailey M.S.A. Revenue 009-ENG-23 1 150,000 500,000 2,625,000 2,200,000 5,475,000 Parks & Trails Replacement Fund 009-ENG-23 1 700,000 500,000 1,200,000 Special Assessments 009-ENG-23 1 100,000 100,000 Storm Water Utility Fund 009-ENG-23 1 200,000 200,000 400,000 Water and Sewer Utility Fund 009-ENG-23 1 50,000 50,000 100,000 ## Produced Using Plan-It CIP Software 64 Source Project # Priority 2027 2028 2029 2030 2031 Total ## Settlers Ridge Parkway-Valley Creek to Bailey Total 0 150,000 500,000 3,675,000 2,950,000 7,275,000 ## Settlers Ridge Parkway - Valley Creek to ## Conifer Pass M.S.A. Revenue 26-ENG-29 1 200,000 2,200,000 2,400,000 ## Settlers Ridge Parkway - Valley Creek to Conifer Pass ## Total 200,000 2,200,000 0 0 0 2,400,000 ## Weir Drive Improvements North of Tamarack ## Rd Intergovernmental Grant - Federal 069-ENG-23 3 290,000 1,350,000 1,640,000 M.S.A. Revenue 069-ENG-23 3 100,000 2,850,000 2,950,000 ## Weir Drive Improvements North of Tamarack Rd ## Total 390,000 4,200,000 0 0 0 4,590,000 ## Weir/Woodwinds Dr (Lake Rd to Valley Creek) M.S.A. Revenue 010-ENG-23 3 500,000 1,150,000 1,650,000 Parks & Trails Replacement Fund 010-ENG-23 3 500,000 500,000 Special Assessments 010-ENG-23 3 1,070,000 1,070,000 Storm Water Utility Fund 010-ENG-23 3 200,000 200,000 Water and Sewer Utility Fund 010-ENG-23 3 135,000 135,000 ## Weir/Woodwinds Dr (Lake Rd to Valley Creek) Total 500,000 3,055,000 0 0 0 3,555,000 ## Wooddale Dr,Woodlane Dr (Guider Dr to ## Wooddale Dr), and Ventura Dr Pavement ## Rehab ## Street Reconstruction/ ## Maintenance Fund ## 26-ENG-18 1 150,000 500,000 650,000 ## Wooddale Dr,Woodlane Dr (Guider Dr to Wooddale Dr), ## and Ventura Dr Pavement Rehab Total 0 0 0 150,000 500,000 650,000 ## Street Reconstruction/Rehab Total 34,260,000 20,390,000 15,875,000 17,435,000 19,015,000 106,975,000 ## Trails ## Radio & Spring Hill Dr, Hudson Rd - Trail Gaps Intergovernmental Grant - Local 14-ENG-24 2 100,000 100,000 Intergovernmental Grant - State 14-ENG-24 2 1,635,000 1,635,000 ## Street Reconstruction/ ## Maintenance Fund ## 14-ENG-24 2 50,000 150,000 115,000 315,000 Radio & Spring Hill Dr, Hudson Rd - Trail Gaps Total 0 50,000 150,000 1,850,000 0 2,050,000 ## Trails Total 0 50,000 150,000 1,850,000 0 2,050,000 ## GRAND TOTAL 51,115,000 42,855,000 33,881,000 31,460,000 38,310,000 197,621,000 ## Produced Using Plan-It CIP Software 65 This page intentionally left blank 66 ## Water Treatment ## Infrastructure •Projects and Funding Sources by Category ## Notes •Exact projects subject to change. •Appropriation for full project implemented, not authorized by individual projects. 67 2027 through 2031 ## Capital Improvement Plan ## Woodbury, MN ## Projects & Funding Sources by Category ## Source Project # Priority 2027 2028 2029 2030 2031 Total ## Transportation ## Interlachen Entrance Hardscape ## Improvement Water and Sewer Utility Fund 115-PW-26 3 10,000 10,000 ## Interlachen Entrance Hardscape Improvement ## Total 0 10,000 0 0 0 10,000 ## Transportation Total 0 10,000 0 0 0 10,000 ## Water Treatment Implementation ## PFAS Efforts Water and Sewer Utility Fund 049-PW-21 1 250,000 250,000 150,000 650,000 ## PFAS Efforts Total 250,000 250,000 150,000 0 0 650,000 ## Temporary and Interim WTP Demo and ## Decomissioning ## CDWSP 089-PW-24 1 1,200,000 1,200,000 ## Temporary and Interim WTP Demo and Decomissioning ## Total 0 0 1,200,000 0 0 1,200,000 ## Water Treatment Implementation Total 250,000 250,000 1,350,000 0 0 1,850,000 ## GRAND TOTAL 250,000 260,000 1,350,000 0 0 1,860,000 ## Produced Using Plan-It CIP Software 68 ## Capital Improvement ## Plan Appendix ## Appendix ## •Summary of Proposed Debt Issuance ## •Debt Service and Internal Loan ## Projections ## •2027 Proposed Capital Project Related ## Tax Levy ## •Major Road Project Summaries and ## Supporting Map 69 20272028202920302031 ## Governmental Funds: ## Debt Issuance: ## Roadway Maintenance Projects - Special ## Assessment Bonds (2027-2031 Projects) 2,615,000 1,075,000 2,350,000 2,020,000 2,665,000 Total2,615,000$ 1,075,000$ 2,350,000$ 2,020,000$ 2,665,000$ ## Enterprise Funds: ## Debt Issuance: Water Treatment Plant and Piping Projects7,175,000$ -$ -$ -$ -$ ## Internal Loan: ## Storm Water Utility Fund (Central District Trunk ## Storm Sewer Fund) 3,000,000 - - - - Total10,175,000$ -$ -$ -$ -$ Total Governmental and Enterprise Funds12,790,000$ 1,075,000$ 2,350,000$ 2,020,000$ 2,665,000$ 2027 - 2031 ## Summary of Proposed Debt Issuances in the Capital Improvement Plan ## Capital Improvement Plan 70 ## Property Tax Supported Tax Capacity Based Debt Levy Projections: 20262027202820292030203120322033 ## Current Debt Levies - External: ## 2013A Tax Abatement Bonds - Sports Center1,010,634$ 1,011,833$ 1,012,134$ 1,011,534$ 1,015,034$ 1,012,484$ 1,014,034$ 1,014,534$ 2015A Improvement Bonds - 2015 Street Reconstruction Project 167,540 169,115 164,994 165,243 165,012 - - - ## 2018A Capital Improvement Bonds - PW Building658,355 660,605 658,505 659,555 660,717 657,680 658,055 660,473 2020A/2010A Refunding Bonds - Public Safety443,000 444,900 446,600 448,100 444,400 - - - ## 2024A Tax Abatement Bonds - Central Park623,100 623,100 623,100 623,100 623,100 1,067,500 1,067,500 1,067,500 Subtotal2,902,629 2,909,553 2,905,333 2,907,532 2,908,263 2,737,664 2,739,589 2,742,507 Total Property Tax Supported Debt2,902,629$ 2,909,553$ 2,905,333$ 2,907,532$ 2,908,263$ 2,737,664$ 2,739,589$ 2,742,507$ Net Change Compared to Prior Year6,924$ (4,220)$ 2,199$ 731$ (170,599)$ 1,925$ 2,918$ Other Activity (not supported by property tax levy): 20262027202820292030203120322033 ## Governmental (Debt Issuance): Proposed Public Safety Expansion Project -$ 1,572,302$ 4,929,148$ 4,922,954$ 4,920,871$ 4,916,562$ 4,914,564$ 4,909,392$ 2025A Southeast Water Tower Project311,511 468,663 469,163 469,163 468,663 467,663 471,038 468,788 Total Governmental311,511$ 2,040,965$ 5,398,311$ 5,392,117$ 5,389,534$ 5,384,225$ 5,385,602$ 5,378,180$ ## Enterprise (Debt Issuance): ## Proposed 2nd Issuance -Water Treatment Plant and Piping Projects-$ -$ 519,948$ 571,975$ 572,398$ 572,290$ 571,643$ 570,445$ 2025A Water Treatment Plant and Piping Projects415,244 628,038 625,288 626,913 627,788 623,038 622,663 626,413 Subtotal Enterprise Debt Issuance 415,244 628,038 1,145,236 1,198,888 1,200,186 1,195,328 1,194,306 1,196,858 ## Enterprise (Internal Loans): ## Proposed Storm Water Utility Fund from Central District Trunk Storm Sewer Fund- - 342,776 342,776 342,776 342,776 342,776 342,776 Subtotal Enterprise Internal Loan - - 342,776 342,776 342,776 342,776 342,776 342,776 Total Enterprise 415,244$ 628,038$ 1,488,012$ 1,541,664$ 1,542,962$ 1,538,104$ 1,537,082$ 1,539,634$ Total Non-property Tax Supported Debt726,755$ 2,669,003$ 6,886,323$ 6,933,781$ 6,932,496$ 6,922,329$ 6,922,684$ 6,917,814$ Total Debt 3,629,384$ 5,578,556$ 9,791,656$ 9,841,313$ 9,840,759$ 9, 659,993$ 9,662,273$ 9,660,321$ ## Total Debt Net Change Compared to Prior Year1,949,172$ 4,213,100$ 49,657$ (554)$ (180,766)$ 2,280$ (1,952)$ 2027 - 2031 ## Debt Service and Internal Loan Projections ## Capital Improvement Plan 71 ## 2027 PROPOSED CAPITAL PROJECT RELATED TAX LEVY ## StreetTax ## CapitalReconstruction/Parks and TrailsTax Capacity ## ImprovementMaintenanceReplacementAbatementDebt ## Tax LevyTax LevyTax LevyTax LevyTax LeviesTotals 2026 Actual Property Tax Levy 3,170,508$ 5,036,661$ 728,000$ 449,867$ 2,902,629$ 12,287,665$ Changes to Capital Improvement Levy158,525 158,525 ## Changes to Street Reconstruction/ Maintenance Levy277,016 277,016 ## Changes to Parks and Trails Replacement Levy- - Changes to Tax Abatement Levy(1,694) (1,694) Changes to Debt Levies6,924 6,924 2027 Proposed Property Tax Levy3,329,033$ 5,313,677$ 728,000$ 448,173$ 2,909,553$ 12,728,436$ Dollar Change158,525$ 277,016$ -$ (1,694)$ 6,924$ 440,771$ ## Percent Change5.00%5.50%0.00%-0.38%0.24%3.59% 72 ## YEARPROJECT ## CIP ## FUND ## ESTIMATED ## COST ## 2027-31 Future Roadway Rehabilitation Projects ## Street Reconstruction /Maintenance $66,105,000 ## 2027-31 Phase II Roadway ImprovementsPhase II$18,450,000 2027 CSAH 16 Pavement Preservation - Century Avenue to Bielenberg Drive ## Street Reconstruction /Maintenance $1,370,000 2027 CSAH 13 - Hargis Parkway to Military RoadPhase II$8,100,000 2028 CSAH 16 - Interlachen Parkway to Trunk Highway 95 (Manning Avenue) ## Street Reconstruction /Maintenance $510,000 ## 2028 Weir Drive Improvements North of Tamarack Road ## Street Reconstruction /Maintenance $4,590,000 2028 CSAH 16 and Settlers Ridge Parkway Intersection Phase II$270,000 2028 CSAH 20 - CSAH 22 to Military RoadPhase II$1,500,000 2028 Weir/Woodwinds Drive - Lake Road to Valley Creek Road ## Street Reconstruction /Maintenance $3,555,000 2028 Settlers Ridge Parkway - Conifer Pass to Valley Creek Road ## Street Reconstruction /Maintenance $2,400,000 2028 CSAH 18 - I-494 to Settlers Ridge Parkway Study ## Phase II $50,000 2029 Hudson Road - City Walk Drive to Karen Drive ## Street Reconstruction /Maintenance $1,595,000 2030 CSAH 19 - CSAH 22 to Dale Road Study ## Phase II $25,000 2030 Radio & Spring Hill Drive, Hudson Road - Trail Gaps ## Street Reconstruction /Maintenance $2,050,000 2030 CSAH 18 (Bailey Road) - I-494 to Woodlane DrivePhase II$850,000 2030-31 Settlers Ridge Parkway - Valley Creek Road to Bailey Road ## Street Reconstruction /Maintenance $7,275,000 ## 2031 Commons Drive ## Street Reconstruction /Maintenance $1,150,000 2031 Lake Road - Century Avenue to Courtley Road; Tahoe Road to Woodlane Drive ## Street Reconstruction /Maintenance $3,350,000 ## MAJOR ROADWAY PROJECTS ## 2027 - 2031 CIP 73 2027 – 2031 Capital Improvement Plan ## Major Roadway Improvements ## Project Description ## 2027-2031 Future Roadway Rehabilitation Projects – $66,105,000 Each year streets are chosen in accordance with the criteria set forth by the Street Major Maintenance Citizen Task Force, the City’s pavement management program and recommendations by the City’s Streets Division. Projects are chosen on an annual basis based on projected needs as well as funding availability. Streets to be included in the Future projects have only been preliminarily chosen at this time. The scope of each project may include sanitary sewer, water, and storm water system repairs or replacement in addition to several different pavement rehabilitation and reconstruction techniques depending on the pavement condition. Pavement rejuvenators will be applied the year following construction on all pavement projects. 2027 – Woodbury Heights – $22,000,000 2028 – Park Hills – $7,255,000 2029 – Fairway Meadows – $13,225,000 2030 – Stonemill Farms – $11,575,000 2031 – Bailey’s Arbor – $11,450,000 2032 – Wyndham Ponds (Design Only) – $450,000 2033 – TBD (Design Only) – $150,000 2027- 2031 Phase II Roadway Improvements – $18,450,000 Based on the current development submittals and concepts, it is anticipated that additional improvement will be necessary to accommodate the additional traffic on adjacent major roadways. The City has estimated future construction project timelines below (subject to change based on development timing). 2027 – Cottage Grove Drive Improvements – Dale Road to Phase 2D – $4,175,000 2028 – Dale Road – ½ mile east of CSAH 19 to Cottage Grove Drive – $7,435,000 2029 - Eastview Rd Extension - Settlers East to Manning Avenue – $2,640,000 2031 – Cottage Grove Drive Improvements - Ph 2D to CSAH 18 – $4,200,000 ## 2027 Weir Drive Improvements North of Tamarack Road – $4,590,000 Project identified for potential Federal earmark funding and Local Road Improvement Program Funding. The Weir Drive Reconstruction Project will elevate and improve Weir Drive from approximately 400 ft south of Ashwood Road south to approximately a half mile to the northern Costco Wholesale driveway. The project will fix existing transportation safety and reliability issues to provide a dependable transportation connection between residential and commercial areas to the north and south of Weir Drive, which is boxed in by Battle Creek Lake on the west, I-94 on the north, and I-494 to the east. The proposed project will address recurring roadway closures due to flooding on Weir Drive, which is the only access to and from a multifamily residential area and a commercial and industrial area. Flooding of Weir Drive from Battle Creek Lake occurs during 100-year storm events and as part of single day/short duration events and multi-day/long duration events. These flooding events occur at two low point locations along Weir Drive and result in approximately 1.5 feet of water over the roadway. Access during flood events is restricted to and from 450 multifamily households and the Self Esteem Brands office location, causing public safety concerns. Weir Drive also provides the only access to E-STEM Middle School at the southern end of the project. The City of Woodbury and Ramsey Washington Metro Watershed (RWMWD) have made several efforts to improve the flooding in the area but flooding still occurs at these low points during large storm events. The profile elevation of Weir Drive will be raised by two feet to minimize the potential for roadway overtopping and flooding. An additional 21-inch RCP 74 culvert will be added to the South Low Point, and an increased flow area will be created at the North Low Point. The proposed improvement will enhance vehicle, bicycle, and pedestrian safety along the corridor by implementing an urban section with curb and gutter as well as adding a separated trail. Storm sewer will be installed at the low points of the project to capture runoff. 2027 CSAH 13 (Radio Drive) from Military Road to Hargis Parkway – $8,100,000 The project scope includes the following improvements to County State Aid Highway (CSAH) 13 (Radio Drive) from approximately 440 feet south of Hargis Parkway to 420 feet north of CSAH 20 (Military ## Road): 1) highway expansion from two-lane undivided to four-lane divided highway 2) construction of trails on both east and west side of highway 3) drainage improvements, including storm water treatment facilities 4) intersection control improvement at CSAH 13 at Dale Road Preliminary design, along with public engagement, will determine the final project scope, right-of-way acquisition required, and cost estimates. 2027 CSAH 16 Pavement Preservation – Century Avenue to Bielenberg Drive – $1,370,000 The project scope includes pavement rehabilitation, trail repaving, ADA improvements, and possible signal upgrades. The exact scope will be determined in 2026, and construction will occur in 2027. 2028 CSAH 16 - Interlachen Parkway to Trunk Highway 95 (Manning Avenue) – $510,000 The scope will include an analysis of the County State Aid Highway (CSAH) 16 corridor between Interlachen Parkway and Trunk Highway (TH) 95 (Manning Avenue S) looking at current and future needs to provide a vision that helps guide improvement opportunities. This study will look at future needs with regards to highway capacity, intersections, access, right-of-way, drainage, pedestrian/bicycle facilities, utilities, etc. 2028 CSAH 16 and Settlers Ridge Parkway Intersection – $270,000 The project scope includes the following improvements at the intersection of County State Aid Highway ## (CSAH) 16 (Valley Creek Road) and Settlers Ridge Parkway 1) improved intersection control- likely with a roundabout 2) highway drainage and surface water management 3) pedestrian and bicycle facility improvements Preliminary design and environmental analysis, along with public engagement will determine the final project scope, right-of-way acquisition required, and cost estimates, which will be included in a future capital improvement plan. 2028 CSAH 20 – CSAH 22 to Military Road – $1,500,000 The project scope includes the following improvements to County State Aid Highway (CSAH) 20 (Jamaica ## Avenue) from Military Road to CSAH 22 (70th Street): 1) new pavement, curb and gutter, medians, and ditches 2) turn lane and intersection improvements 3) pedestrian and non-motorized accommodations 4) roadway drainage and surface water management Preliminary design along with public engagement will determine the final project scope, right-of-way acquisition required, and cost estimates, which will be included in a future capital improvement plan. 2028 Weir/Woodwinds Drive – Lake Road to Valley Creek Road – $3,555,000 The scope of the project assumes full depth pavement rehab and full curb replacement between Valley Creek Road and the Woodwinds entrance, and a mill overlay between the Woodwinds entrance and Lake Road, along with minor sanitary sewer, water and storm water system repairs based on a site walk in 2021. The existing trail will also be repaved as part of the project. 75 2028 Settlers Ridge Parkway - Conifer Pass to Valley Creek Road – $2,400,000 The scope of the project assumes a mill overlay along with spot curb repair and minor utility repairs. Trail and sidewalk rehabilitation will also be included with this project. In addition, the parking lot at the City's well pump will be replaced as part of this project. 2029 Hudson Road – City Walk Drive to Karen Drive – $1,595,000 The scope of the project assumes partial depth pavement rehab and spot curb replacement between City Center Drive and East of Karen Drive, to the limits of construction at the intersection of Settlers Ridge and Hudson Project, along with minor sanitary sewer, water and storm water system repairs. The existing trail will also be repaved as part of the project and connect to the newly constructed trail East of Karen Drive. 2030 CSAH 18 (Bailey Road) – I-494 to Woodlane Drive – $850,000 The project scope includes the following potential improvement to CSAH 18 (Bailey Road) from I-494 to ## Woodlane Drive 1) Highway expansion from 2-lane divided to 4-lane divided 2) Access management 3) Construction of trails on both north and south side of the road 4) Drainage improvements 5) Intersection control improvements 2030 Radio Drive, Spring Hill Drive, and Hudson Road Trail Gaps – 2,050,000 The Woodbury Pedestrian System Gaps Project will fill gaps in the transportation system network for pedestrians and multimodal users primarily along Hudson Road from Parkside Drive to Rivertown Drive east of Radio Drive. The project also includes the addition of pedestrian connections along Radio Drive from Tamarack Road to Hudson Road, and Spring Hill Drive from Tamarack Road to Hudson Road. 2030-31 Settlers Ridge Parkway – Valley Creek Road to Bailey Road – $7,275,000 The scope of the project assumes a mill overlay along with spot curb repair and minor utility repairs. Trail and sidewalk rehabilitation will also be included with this project. In addition, the parking lot at the City's well pump will be replaced as part of this project. 2029 - Settlers Ridge between Valley Creek Rd and Lake Rd ## 2030 - Settlers Ridge between Lake Rd and Bailey Rd 2031 Commons Drive – $1,150,000 Commons Drive is to be rehabilitated between Hudson Road and Tamarack Road with a full depth mill and overlay pavement replacement. A trail along the east side of Commons Drive will be considered with the project with estimated funding included for narrowing the road and relocating storm sewer. No property acquisition is assumed for trail construction. Minor repairs to watermain are also expected. 2031 Lake Road – Century Avenue to Courtly Roa d; Tahoe Roa d to Woodlane Drive – $3,350,000 Lake Road is to be rehabilitated between Century Avenue and Courtly Road; and from Tahoe Road to Woodlane Drive with a Mill & Overlay pavement replacement and will undergo a 4-3 lane conversion. Additional scope of this project includes water and storm system repairs. No trail is anticipated to be repaved, all trail along Lake Road was repaved between 2020 and 2022. A grant for the 4-3 Lane Conversion will be applied for and may contribute to funding. The 4-3 Lane Conversion was studied and recommended in 2025. 76 77 ## City of Woodbury, Minnesota7A ## Office of City Administrator ## Council Letter 26-132 June 24, 2026 ## To:The Honorable Mayor and Members of the City Council ## From:Jeffrey J. Dahl, City Administrator Subject:Consider Approval of an On Site Intoxicating Liquor License Including Sunday and Patio Sales for Create Restaurants MN LLC dba Hazelwood Food and Drink ## Summary Create Restaurants MN LLC has submitted an application for an On Sale Intoxicating Liquor License including Sunday and Patio Sales as the new owners of the business located at 9240 Hudson Road. ## Recommendation Staff recommends Council approve an On Sale Intoxicating Liquor License including Sunday and Patio Sales to Create Restaurants MN LLC dba Hazelwood Food and Drink located at 9240 Hudson Road. ## Fiscal Implications ## Background Investigation Fee $500 ## On Sale Intoxicating Liquor Fee$7,650 ## Policy Minnesota Statute 304A Liquor and Woodbury City Code chapter 4 Alcoholic Beverages regulates liquor licensing. ## Public Process A hearing notice was published in the City’s official newspaper and hearing notices were mailed to the property owner within 500 feet of the establishment. ## Background Create Restaurants MN LLC dba Hazelwood Food and Drink has submitted an application for an On Sale Intoxicating Liquor License including Sunday and Patio Sales for their business located at 9240 Hudson Road. Create Restaurants MN LLC does not have any owners with 5% or more interest in the business. ## Council Letter 26-132 June 24, 2026 Page 2 The applicant has submitted the license fee and background investigation fee. The City Attorney has reviewed the application and has found it to be in order. ## Written By:Jen Torning, Administrative Technician II/Deputy Clerk ## Approved Through:Angela Gorall, Deputy City Administrator ## Attachment:None ## 8A ## City of Woodbury, Minnesota ## Office of City Administrator ## Council Letter 26-133 June 24, 2026 ## To:The Honorable Mayor and Members of the City Council ## From:Jeffrey J. Dahl, City Administrator Subject:Consider Approval of Sale of $41,295,000 General Obligation Sales Tax Revenue ## Bonds, Series 2026A ## Summary At the May 13, 2026, meeting the City Council set a bid date of June 24, 2026, at 10:00 a.m. for the bond sale. The bids will be opened in Ehler's offices, and the results will be forwarded to the City. The City’s bond rating will be reviewed by Standard and Poor’s before the sale date. Results from the bond sale, Standard and Poor’s bond rating determination and the final resolutions will be provided at the Council meeting on June 24. The Bonds will be subject to continuing disclosure requirements and Federal Arbitrage and Rebate reporting. The City has been contracting with Ehlers to assist us with these requirements for other bond issues and would recommend we do so with these issues as well. Included with this Council letter is a copy of the official statement that was prepared for the sale of the debt issues. The official statement was transmitted to all bidders and to Standard and Poor’s for the purpose of rating the bonds, evaluating the present debt structure, administration of the City and reviewing other risk factors. ## Recommendation ## Staff recommends Council: 1. Adopt the attached resolution awarding the sale of General Obligation Sales Tax Revenue Bonds, Series 2026A, in the original aggregate principal amount of $41,295,000; fixing their form and specifications; directing their execution and delivery; and providing for their payment; and 2. Authorize the CFO/Controller to enter into an agreement with Ehlers for arbitrage calculations and the continuing disclosure requirements of the bonds. ## Fiscal Implications The collection of local option sales tax will fund the new money bond issuance. There is no impact on the property tax levy. ## Council Letter 26-133 June 24, 2026 Page 2 ## Policy CD-FIN-5.7 Post Issuance Compliance Procedure and Policy for Tax Exempt Governmental Bonds and Minnesota Statutes, Sections 469.1812 and 469.1815 “Abatement Act”. ## Public Process May 13, 2026, City Council adopt resolution 26-64 authorizing the issuance and sale of General Obligation Bonds, Series 2026A. June 24, 2026, City Council will consider proposals on the Series 2026A Bonds, award the sale of the Series 2026A Bonds, and take any other appropriate actions with respect to the Series 2026A Bonds. ## Background The sales tax referendum passed on Nov. 5, 2024. The 0.5 percent sales tax began in April 2025. The collection of the Woodbury sales tax is being completed by the Minnesota Department of Revenue. The sales tax revenues will be exclusively allocated to this project and will not fund other building projects. It has a predetermined beginning and end, sunsetting in 20 years or once project funding of $50 million has been collected, whichever comes first. ## Written By: Jason Schirmacher, Chief Financial Officer/Controller ## Approved Through:Angela Gorall, Deputy City Administrator ## Attachment:1. Updated Bond Sale Supplemental Resolution 2. Resolution ## 3. Official Statement ## 4. Financial Advisor Sale Day Report 4928-9421-0740.1 ## Supplemental Resolution 26-75 Resolution of the City of Woodbury, ## Washington County, Minnesota Resolution Awarding the Sale of General Obligation Sales Tax Revenue Bonds, Series 2026A, in ## the Original Aggregate Principal Amount of $41,295,000 WHEREAS, pursuant to a resolution adopted by the City Council on May 13, 2026 (the “Authorizing Resolution”), the City authorized the sale of its General Obligation Sales Tax Revenue Bonds, Series 2026A (the “Bonds”), in the proposed aggregate principal amount of $41,295,000, to finance the construction and rehabilitation of a new public safety campus in the City (the “Project”), pursuant to Minnesota Statutes, Chapter 475, as amended (the “Act”), the provisions of Laws of Minnesota 2023, Chapter 64, Article 10, Section 50 (the “Special Law”), which authorized a local sales and use tax of one-half of one percent (0.50%); and WHEREAS, on November 5, 2024, a majority of the voters voting in the general election approved the ballot question relating to the imposition of a sales and use tax of one-half of one percent (0.50%) for twenty (20) years or until the Project is paid for, whichever comes first, to finance the Project (the “Sales and Use Tax”), and the pledge of the Sales and Use Tax was imposed by Ordinance 2065, adopted by the City Council of the City on December 11, 2024, and the Sales and Use Tax applies to sales and purchases made on or after April 1, 2025; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Woodbury, Minnesota that the proposal of Robert W. Baird & Co. Incorporated, Milwaukee, Wisconsin, as syndicate manager (the “Purchaser”), to purchase the Bonds is hereby found and determined to be a reasonable offer and is hereby accepted, the proposal being to purchase the Bonds at a price of $45,103,276.75 (par amount of $41,295,000.00, plus original issue premium of $4,126,220.50, less underwriter’s discount of $317,943.75), plus accrued interest, if any, to date of delivery for Bonds bearing interest as follows; and ## YearInterest RateYearInterest Rate 20285.000%20335.000% 20295.00020345.000 20305.00020355.000 20315.00020365.000 20325.00020374.000 True interest cost: 3.1825055% NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that any amount paid by the Purchaser in excess of the minimum bid shall be credited to the Debt Service Fund hereinafter created or deposited in the Construction Fund hereinafter created, as determined by the Chief Financial Officer/Controller of the City (the “Finance Official”) in consultation with Ehlers and Associates, Inc., the City’s municipal advisor (the “Municipal Advisor”). The good faith deposit of the Purchaser shall be retained and deposited until the Bonds have been delivered and shall be deducted from the purchase price paid at settlement. The Mayor of the City (the “Mayor”) and the City Administrator of the City, or any other official of the City ## Supplemental Resolution 2026-75 June 24, 2026 Page 2 4928-9421-0740.1 delegated the duties of the City Administrator (collectively, the “City Administrator”) are directed to execute a contract with the Purchaser on behalf of the City; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City will forthwith issue and sell the Bonds pursuant to the Act and the Special Law in the original aggregate principal amount of $41,295,000, originally dated the date of delivery (currently anticipated to be July 16, 2026), in fully registered form in the denominations of $5,000 each or any integral multiple thereof, numbered No. R-1 and upward, bearing interest as above set forth, and maturing serially on February 1 in the years and amounts as follows: ## YearAmountYearAmount 2028$3,285,0002033$4,190,000 20293,445,00020344,400,000 20303,620,00020354,620,000 20313,800,00020364,850,000 20323,990,00020375,095,000 NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City may elect on February 1, 2034, and on any day thereafter to prepay Bonds maturing on or after February 1, 2035. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify DTC (hereinafter defined) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant’s interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof, is payable by check or draft issued by the Registrar described herein; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that each Bond will be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or made available for payment, unless (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication; or (ii) the date of authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds is payable on February 1 and August 1 of each year (each an “Interest Payment Date”), commencing February 1, 2027, to the registered owners of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City will appoint, and will maintain, a bond registrar, transfer agent, authenticating agent and paying agent (the “Registrar” or “Paying Agent”). The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as follows: ## Supplemental Resolution 2026-75 June 24, 2026 Page 3 4928-9421-0740.1 (a)Register. The Registrar must keep at its principal corporate trust office a bond register in which the Registrar provides for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred, or exchanged; and (b)Transfer of Bonds. Upon surrender for transfer of a Bond duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar will authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until that interest payment date; and (c)Exchange of Bonds. Whenever any Bonds are surrendered by the registered owner for exchange the Registrar will authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity as requested by the registered owner or the owner’s attorney in writing; and (d)Cancellation. Bonds surrendered upon transfer or exchange will be promptly cancelled by the Registrar and thereafter disposed of as directed by the City; and (e)Improper or Unauthorized Transfer. When a Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the Bond until the Registrar is satisfied that the endorsement on the Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar will incur no liability for the refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f)Persons Deemed Owners. The City and the Registrar may treat the person in whose name a Bond is registered, as of the applicable record date, in the bond register as the absolute owner of such Bond, whether the Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on the Bond and for all other purposes and payments so made to the registered owner or upon the owner’s order will be valid and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid; and (g)Taxes, Fees and Charges. The Registrar may impose a charge upon the owner thereof for a transfer or exchange of Bonds, in an amount sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to the transfer or exchange; and (h)Mutilated, Lost, Stolen or Destroyed Bonds. If a Bond becomes mutilated or is destroyed, stolen or lost, the Registrar will deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of the mutilated Bond or in lieu of and in substitution for any Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory to the Registrar that the Bond was destroyed, stolen or lost, and of ## Supplemental Resolution 2026-75 June 24, 2026 Page 4 4928-9421-0740.1 the ownership thereof, and upon furnishing to the Registrar an appropriate bond or indemnity in form, substance and amount satisfactory to the Registrar and as provided by law, in which both the City and the Registrar must be named as obligees. Bonds so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the City. If the mutilated, destroyed, stolen or lost Bond has already matured or been called for redemption in accordance with its terms it is not be necessary to issue a new Bond prior to payment; and (i)Redemption. In the event any of the Bonds are called for redemption, written notice thereof identifying the Bonds to be redeemed will be given by the Registrar by mailing a copy of the redemption notice by first class mail (postage prepaid) at least 30 days prior to the redemption date to the registered owner of each Bond to be redeemed at the address shown on the registration books kept by the Registrar and by publishing the notice if required by law. Failure to give notice by publication or by mail to any registered owner, or any defect therein, will not affect the validity of the proceedings for the redemption of Bonds. Bonds so called for redemption will cease to bear interest after the specified redemption date, provided that the funds for the redemption are on deposit with the place of payment at that time; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City appoints U.S. Bank Trust Company, National Association, Saint Paul, Minnesota, as the initial Registrar. The Mayor and the City Administrator are authorized to execute and deliver, on behalf of the City, a contract with the Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, the resulting corporation is authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves the right to remove the Registrar upon 30 days’ notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar must deliver all cash and Bonds in its possession to the successor Registrar and must deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of this Council, the City Administrator must transmit to the Registrar moneys sufficient for the payment of all principal and interest then due; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds will be prepared under the direction of the City Administrator and executed on behalf of the City by the signatures of the Mayor and the City Administrator, provided that all signatures may be printed, engraved, or lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the delivery of a Bond, that signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be valid or obligatory for any purpose or entitled to any security or benefit under this resolution unless and until a certificate of authentication on the Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authentication on a Bond is conclusive evidence that it has been authenticated and delivered under this resolution. When the Bonds have been so prepared, executed and authenticated, the City Administrator will deliver the same to the Purchaser upon payment of the purchase price in accordance with the contract of sale heretofore made and executed, and the Purchaser is not obligated to see to the application of the purchase price; and ## Supplemental Resolution 2026-75 June 24, 2026 Page 5 4928-9421-0740.1 NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds will be printed or typewritten in substantially the form as attached hereto as EXHIBIT B; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City Administrator is directed to obtain a copy of the proposed approving legal opinion of Kutak Rock LLP, Minneapolis, Minnesota, and cause the opinion to be printed on or accompany each Bond; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the revenues of the Sales and Use Tax (the “Sales and Use Tax Revenues”) net costs of collection and administration thereof (the “Net Sales and Use Tax Revenues”) generated pursuant to the Special Law are pledged to the payment of the Bonds; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds are payable from the General Obligation Sales Tax Revenue Bonds Debt Service Fund (the “Debt Service Fund”) hereby created. The Debt Service Fund shall be administered and maintained by the Finance Official as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. There will always be retained in the Debt Service Fund a sufficient amount to pay the principal of and interest on all the Bonds, and the Finance Official must report any current or anticipated deficiency in the Debt Service Fund to the City Council. The Debt Service Fund will be maintained in the manner herein specified until all of the Bonds and the interest accrued thereon have been fully paid. NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that there is hereby credited and pledged to the Debt Service Fund the following while the Bonds are outstanding: (i) on or before January 25 and July 25 of each year, commencing on January 25, 2027, Net Sales and Use Tax Revenues in an amount equal to the amount of interest due on the next Interest Payment Date; (ii) on or before January 25 of each year, commencing on January 25, 2028, Net Sales and Use Tax Revenues in an amount equal to the amount of principal (including mandatory sinking fund installments, if any) due on the next February 1; and (iii) ad valorem taxes levied, if any, for the payment of the Bonds. There is also hereby appropriated to the Debt Service Fund (a) capitalized interest financed with proceeds of the Bonds, if any; (b) amounts over the minimum purchase price of the Bonds paid by the Purchaser, to the extent designated for deposit in the Debt Service Fund in accordance with this resolution; and (c) all investment earnings on amounts in the Debt Service Fund and any other funds of the City for the payment of the principal of, premium, if any, and interest on the Bonds; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City hereby creates the General Obligation Sales Tax Revenue Bonds Construction Fund (the “Construction Fund”). Proceeds of the Bonds, less the appropriations made in the preceding paragraph, will be deposited in the Construction Fund to be used solely to defray expenses of the Project. When the Project is completed and the cost thereof paid, the Construction Fund is to be closed and any funds remaining may be deposited in the Debt Service Fund; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that for the prompt and full payment of the principal of and interest on the Bonds, as the same respectively become due, the full faith, credit and taxing powers of the City will be and are hereby irrevocably pledged. If the balance in the Debt Service Fund is ever insufficient to pay all principal and interest then due on the Bonds and any other bonds payable therefrom, the deficiency will ## Supplemental Resolution 2026-75 June 24, 2026 Page 6 4928-9421-0740.1 be promptly paid out of monies in the general fund of the City which are available for such purpose, and such general fund may be reimbursed with or without interest from the Debt Service Fund when a sufficient balance is available therein; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that it is hereby determined that the estimated collections of Net Sales and Use Revenues will produce at least five percent (5%) in excess of the amount needed to meet when due the principal and interest payments on the Bonds and that no tax levy is required at this time; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City Administrator is authorized and directed to file a certified copy of this resolution with the County Auditor/Treasurer of Washington County, Minnesota and to obtain the certificate required by Section 475.63 of the Act; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the officers of the City are authorized and directed to prepare and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and under their control, relating to the validity and marketability of the Bonds, and such instruments, including any heretofore furnished, may be deemed representations of the City as to the facts stated therein; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Mayor, the City Administrator, the Finance Official, or any of them, are hereby authorized and directed to certify that they have examined the Official Statement prepared and circulated in connection with the issuance and sale of the Bonds and that to the best of their knowledge and belief the Official Statement, as of the date thereof, is a complete and accurate representation of the facts and representations made therein as of the date of the Official Statement, as it relates to the City and the Bonds; an NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Mayor, the City Administrator and the Finance Official are hereby authorized and directed to furnish to the Purchaser at the closing such certificates as are required as a condition of sale. Unless litigation shall have been commenced and be pending questioning the Bonds or the organization of the City or incumbency of its officers, at the closing the Mayor, City Administrator, and the Finance Official, or any of them, shall also execute and deliver to the Purchaser a suitable certificate as to absence of material litigation, and the Finance Official shall also execute and deliver a certificate as to payment for and delivery of the Bonds; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the electronic signature of the Mayor, the City Administrator, the Finance Official, and the City Clerk to this resolution and to any certificate authorized to be executed hereunder shall be as valid as an original signature of such party and shall be effective to bind the City thereto. For purposes hereof, (i) “electronic signature” means (a) a manually signed original signature that is then transmitted by electronic means or (b) a signature obtained through DocuSign or Adobe or a similarly digitally auditable signature gathering process; and (ii) “transmitted by electronic means” means sent in the form of a facsimile or sent via the internet as a portable ## Supplemental Resolution 2026-75 June 24, 2026 Page 7 4928-9421-0740.1 document format (“pdf”) or other replicating image attached to an electronic mail or internet message; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of issuance expenses in accordance with the closing memorandum to be prepared and distributed by the Municipal Advisor on the date of closing; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1986 (the “Code”), and the Treasury Regulations promulgated thereunder, in effect at the time of such actions, and that it will take or cause its officers, employees or agents to take, all affirmative action within its power that may be necessary to ensure that such interest will not become subject to taxation under the Code and applicable Treasury Regulations, as presently existing or as hereafter amended and made applicable to the Bonds. The City will comply with all requirements necessary under the Code to establish and maintain the exclusion from gross income of the interest on the Bonds under Section 103 of the Code, including without limitation requirements relating to temporary periods for investments and limitations on amounts invested at a yield greater than the yield on the Bonds; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City will comply with requirements necessary under the Code to establish and maintain the exclusion from gross income of the interest on the Bonds under Section 103 of the Code, including without limitation (i) requirements relating to temporary periods for investments; (ii) limitations on amounts invested at a yield greater than the yield on the Bonds; and (iii) the rebate of excess investment earnings to the United States unless the Bonds qualify for an exception to the rebate requirement under the Code and related Treasury Regulations; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City further covenants not to use the proceeds of the Bonds or the facilities financed by the Bonds, or to cause or permit them or any of them to be used, in such a manner as to cause the Bonds to be “private activity bonds” within the meaning of Sections 103 and 141 through 150 of the Code; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds have not been designated as “qualified tax-exempt obligations” within the meaning of Section 265(b)(3) of the Code; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City will use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designations made by this section; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds will be initially issued in the form of a separate single typewritten or printed fully registered Bond for each of the maturities set forth herein. Upon initial issuance, the ownership of each Bond will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York, and its successors and assigns (“DTC”). Except as provided in this section, all of the ## Supplemental Resolution 2026-75 June 24, 2026 Page 8 4928-9421-0740.1 outstanding Bonds will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that with respect to Bonds registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, the City, the Registrar and the Paying Agent will have no responsibility or obligation to any broker dealers, banks and other financial institutions from time to time for which DTC holds Bonds as securities depository (the “Participants”) or to any other person on behalf of which a Participant holds an interest in the Bonds, including but not limited to any responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede & Co. or any Participant with respect to any ownership interest in the Bonds, (ii) the delivery to any Participant or any other person (other than a registered owner of Bonds, as shown by the registration books kept by the Registrar) of any notice with respect to the Bonds, including any notice of redemption, or (iii) the payment to any Participant or any other person, other than a registered owner of Bonds, of any amount with respect to principal of, premium, if any, or interest on the Bonds. The City, the Registrar and the Paying Agent may treat and consider the person in whose name each Bond is registered in the registration books kept by the Registrar as the holder and absolute owner of such Bond for the purpose of payment of principal, premium and interest with respect to such Bond, for the purpose of registering transfers with respect to such Bond, and for all other purposes. The Paying Agent will pay all principal of, premium, if any, and interest on the Bonds only to or on the order of the respective registered owners, as shown in the registration books kept by the Registrar, and all such payments will be valid and effectual to fully satisfy and discharge the City’s obligations with respect to payment of principal of, premium, if any, or interest on the Bonds to the extent of the sum or sums so paid. No person other than a registered owner of Bonds, as shown in the registration books kept by the Registrar, will receive a certificated Bond evidencing the obligation of this resolution. Upon delivery by DTC to the City Administrator of a written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., the words “Cede & Co.” will refer to such new nominee of DTC; and upon receipt of such a notice, the City Administrator will promptly deliver a copy of the same to the Registrar and Paying Agent; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City has heretofore executed and delivered to DTC a Blanket Issuer Letter of Representations (the “Representation Letter”) which shall govern payment of principal of, premium, if any, and interest on the Bonds and notices with respect to the Bonds. Any Paying Agent or Registrar subsequently appointed by the City with respect to the Bonds will agree to take all action necessary for all representations of the City in the Representation Letter with respect to the Registrar and Paying Agent, respectively, to be complied with at all times; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that in the event the City, by resolution of the City Council, determines that it is in the best interests of the persons having beneficial interests in the Bonds that they be able to obtain Bond certificates, the City will notify DTC, whereupon DTC will notify the Participants, of the availability through DTC of Bond certificates. In such event the City will issue, transfer and exchange Bond certificates as requested by DTC and any other registered owners in accordance with the provisions of this resolution. DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving notice to the City and discharging its responsibilities with respect thereto under applicable law. In such event, if no successor securities depository is appointed, the City will issue and the Registrar will authenticate Bond certificates in accordance with this resolution and the provisions hereof will apply to the transfer, exchange and method of payment thereof; and ## Supplemental Resolution 2026-75 June 24, 2026 Page 9 4928-9421-0740.1 NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that notwithstanding any other provision of this resolution to the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, payments with respect to principal of, premium, if any, and interest on the Bond and notices with respect to the Bond will be made and given, respectively in the manner provided in DTC’s Operational Arrangements, as set forth in the Representation Letter; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Certificate. “Continuing Disclosure Certificate” means that certain Continuing Disclosure Certificate executed by the Mayor and the City Administrator and dated the date of issuance and delivery of the Bonds, as originally executed and as it may be amended from time to time in accordance with the terms thereof. Notwithstanding any other provision of this resolution, failure of the City to comply with the Continuing Disclosure Certificate is not to be considered an event of default with respect to the Bonds; however, any Bondholder may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this section; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that when all Bonds and all accrued interest thereon have been discharged as provided in this section, all pledges, covenants and other rights granted by this resolution to holders of the Bonds will cease, except that the pledge of the full faith and credit of the City for the prompt and full payment of the principal of and interest on the Bonds will remain in full force and effect. The City may discharge all Bonds which are due on any date by depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full or by depositing irrevocably in escrow, with a suitable institution qualified by law as an escrow agent for this purpose, cash or securities which are backed by the full faith and credit of the United States of America, or any other security authorized under Minnesota law for such purpose, bearing interest payable at such times and at such rates and maturing on such dates and in such amounts as shall be required and sufficient, subject to sale and/or reinvestment in like securities, to pay said obligation(s), which may include any interest payment on such Bond and/or principal amount due thereon at a stated maturity (or if irrevocable provision shall have been made for permitted prior redemption of such principal amount, at such earlier redemption date). If any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. (The remainder of this page is intentionally left blank.) ## Supplemental Resolution 2026-75 June 24, 2026 Page 10 4928-9421-0740.1 This Resolution was declared duly passed and adopted and was signed by the Mayor and attested to by the City Administrator this 24 th day of June, 2026. ## Attest:Anne W. Burt, Mayor ## Jeffrey J. Dahl, City Administrator(SEAL) ## Supplemental Resolution 2026-75 June 24, 2026 Page 11 4928-9421-0740.1 ## EXHIBIT A ## TABULATION OF PROPOSALS ## Supplemental Resolution 2026-75 June 24, 2026 Page 12 4928-9421-0740.1 ## Supplemental Resolution 2026-75 June 24, 2026 Page 13 4928-9421-0740.1 ## Supplemental Resolution 2026-75 June 24, 2026 Page 14 4928-9421-0740.1 ## EXHIBIT B ## FORM OF BOND ## No. R-_____$________ ## UNITED STATES OF AMERICA ## STATE OF MINNESOTA ## COUNTY OF WASHINGTON ## CITY OF WOODBURY ## GENERAL OBLIGATION SALES TAX REVENUE BOND ## SERIES 2026A ## Interest RateMaturity Date Date of ## Original IssueCUSIP _______%February 1, 20__July 16, 2026__________ Registered Owner: CEDE & CO. The City of Woodbury Minnesota, a duly organized and existing municipal corporation in Washington County, Minnesota (the “City”), acknowledges itself to be indebted and for value received hereby promises to pay to the Registered Owner specified above or registered assigns, the principal sum set forth above on the maturity date specified above, unless called for earlier redemption, with interest thereon from the date hereof at the annual rate specified above (calculated on the basis of a 360-day year of twelve 30 day months), payable February 1 and August 1 in each year, commencing February 1, 2027, to the person in whose name this Bond is registered at the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. The interest hereon and, upon presentation and surrender hereof, the principal hereof are payable in lawful money of the United States of America by check or draft by U.S. Bank Trust Company, National Association, Saint Paul, Minnesota, as Bond Registrar, Paying Agent, Transfer Agent and Authenticating Agent, or its designated successor under the Resolution described herein. For the prompt and full payment of such principal and interest as the same respectively become due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably pledged. The City may elect on February 1, 2034, and on any date thereafter to prepay Bonds due on or after February 1, 2035. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify The Depository Trust Company (“DTC”) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant’s interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. This Bond is one of an issue in the aggregate principal amount of $41,295,000 all of like original issue date and tenor, except as to number, maturity date, interest rate, denomination and redemption privilege, all issued pursuant to a resolution adopted by the City Council on June 24, 2026 (the “Resolution”), for the purpose of providing money to finance the construction and rehabilitation of a new public safety campus in the City, pursuant to and in full conformity with the ## Supplemental Resolution 2026-75 June 24, 2026 Page 15 4928-9421-0740.1 Constitution and laws of the State of Minnesota, including Minnesota Statutes, Chapter 475, as amended, and Laws of Minnesota 2023, Chapter 64, Article 10, Section 50. The principal hereof and interest hereon are payable primarily from net revenues of a sales and use tax imposed on sales and purchases within the City as approved by a majority of voters voting at the general election on November 5, 2024, as imposed by ordinance of the City, as set forth in the Resolution to which reference is made for a full statement of rights and powers thereby conferred. The full faith and credit of the City are irrevocably pledged for payment of this Bond and the City Council has obligated itself to levy ad valorem taxes on all taxable property in the City in the event of any deficiency in net revenues pledged, which taxes may be levied without limitation as to rate or amount. The Bonds of this series are issued only as fully registered Bonds in denominations of $5,000 or any integral multiple thereof of single maturities. The City Council has not designated the issue of Bonds of which this Bond forms a part as “qualified tax-exempt obligations” within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended, relating to disallowance of interest expense for financial institutions. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Bond Registrar, by the registered owner hereof in person or by the owner’s attorney duly authorized in writing, upon surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar, duly executed by the registered owner or the owner’s attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. The City and the Bond Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City nor the Bond Registrar will be affected by any notice to the contrary. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota, to be done, to exist, to happen and to be performed preliminary to and in the issuance of this Bond in order to make it a valid and binding general obligation of the City in accordance with its terms, have been done, do exist, have happened and have been performed as so required, and that the issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional or statutory limitation of indebtedness. This Bond is not valid or obligatory for any purpose or entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon has been executed by the Bond Registrar by manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Woodbury, Washington County, Minnesota, by its City Council, has caused this Bond to be executed on its behalf by the facsimile or manual signatures of the Mayor and City Administrator and has caused this Bond to be dated as of the date set forth below. ## Supplemental Resolution 2026-75 June 24, 2026 Page 16 4928-9421-0740.1 Dated: July 16, 2026 ## CITY OF WOODBURY, MINNESOTA (Facsimile)(Facsimile) ## MayorCity Administrator ________________________ ## CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. ## U.S. BANK TRUST COMPANY, NATIONAL ## ASSOCIATION ## By ## Authorized Representative ________________________ ## ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto ________________________________________ the within Bond and all rights thereunder, and does hereby irrevocably constitute and appoint _________________________ attorney to transfer the said Bond on the books kept for registration of the within Bond, with full power of substitution in the premises. ## Dated: Notice:The assignor’s signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. ## Signature Guaranteed: NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of the Securities Transfer Agent Medallion Program (“STAMP”), the Stock Exchange Medallion Program (“SEMP”), the New York Stock Exchange, Inc. Medallion Signatures Program (“MSP”) or other such “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with the Securities Exchange Act of 1934, as amended. ## Supplemental Resolution 2026-75 June 24, 2026 Page 17 4928-9421-0740.1 The Bond Registrar will not effect transfer of this Bond unless the information concerning the assignee requested below is provided. ## Name and Address: (Include information for all joint owners if this Bond is held by joint account.) Please insert social security or other identifying number of assignee ________________________ ## PROVISIONS AS TO REGISTRATION The ownership of the principal of and interest on the within Bond has been registered on the books of the Registrar in the name of the person last noted below. ## Date of RegistrationRegistered Owner Signature of ## Officer of Registrar Cede & Co. ## Federal ID #13-2555119 ## Supplemental Resolution 2026-75 June 24, 2026 Page 18 4928-9421-0740.1 ## STATE OF MINNESOTA ) ) ## COUNTY OF WASHINGTON) SS. ) ## CITY OF WOODBURY) I, the undersigned, being the duly qualified and acting Clerk of the City of Woodbury, Minnesota (the “City”), do hereby certify that attached hereto is a compared, true, and correct copy of a resolution regarding the issuance of General Obligation Sales Tax Revenue Bonds, Series 2026A, duly adopted by the City Council of the City on June 24, 2026, at a regular meeting thereof duly called and held, as on file and of record in my office, which resolution has not been amended, modified, or rescinded since the date thereof, and is in full force and effect as of the date hereof. WITNESS My hand this ____ day of June, 2026. ## Executive Assistant/Deputy Clerk 4928-9421-0740.1 Resolution 26-75 Resolution of the City of Woodbury, ## Washington County, Minnesota Awarding the Sale of General Obligation Sales Tax Revenue Bonds, Series 2026A, in the Original ## Aggregate Principal Amount of $__________ WHEREAS, pursuant to a resolution adopted by the City Council on May 13, 2026 (the “Authorizing Resolution”), the City authorized the sale of its General Obligation Sales Tax Revenue Bonds, Series 2026A (the “Bonds”), in the proposed aggregate principal amount of $41,295,000, to finance the construction and rehabilitation of a new public safety campus in the City (the “Project”), pursuant to Minnesota Statutes, Chapter 475, as amended (the “Act”), the provisions of Laws of Minnesota 2023, Chapter 64, Article 10, Section 50 (the “Special Law”), which authorized a local sales and use tax of one-half of one percent (0.50%); and WHEREAS, on November 5, 2024, a majority of the voters voting in the general election approved the ballot question relating to the imposition of a sales and use tax of one-half of one percent (0.50%) for twenty (20) years or until the Project is paid for, whichever comes first, to finance the Project (the “Sales and Use Tax”), and the pledge of the Sales and Use Tax was imposed by Ordinance 2065, adopted by the City Council of the City on December 11, 2024, and the Sales and Use Tax applies to sales and purchases made on or after April 1, 2025; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Woodbury, Minnesota that the proposal of ____________________, ________, ________ (the “Purchaser”), to purchase the Bonds is hereby found and determined to be a reasonable offer and is hereby accepted, the proposal being to purchase the Bonds at a price of $_____________ (par amount of $__________.00, [plus original issue premium of $___________,] [less original issue discount of $________,] less underwriter’s discount of $__________), plus accrued interest, if any, to date of delivery for Bonds bearing interest as follows; and ## YearInterest RateYearInterest Rate 2028%2033% 20292034 20302035 20312036 20322037 [_____________ ## * Term Bond] True interest cost: _________% NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that any amount paid by the Purchaser in excess of the minimum bid shall be credited to the Debt Service Fund hereinafter created or deposited in the Construction Fund hereinafter created, as determined by the Chief Financial Officer/Controller of the City (the “Finance Official”) in consultation with Ehlers and Associates, Inc., the City’s municipal advisor (the “Municipal Advisor”). The good faith deposit of the Purchaser shall be retained and deposited until the Bonds have been delivered and shall be deducted from the purchase price paid at settlement. The Mayor Resolution 26-75 June 24, 2026 Page 2 4928-9421-0740.1 of the City (the “Mayor”) and the City Administrator of the City, or any other official of the City delegated the duties of the City Administrator (collectively, the “City Administrator”) are directed to execute a contract with the Purchaser on behalf of the City; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City will forthwith issue and sell the Bonds pursuant to the Act and the Special Law in the original aggregate principal amount of $__________, originally dated the date of delivery (currently anticipated to be July 16, 2026), in fully registered form in the denominations of $5,000 each or any integral multiple thereof, numbered No. R-1 and upward, bearing interest as above set forth, and maturing serially on February 1 in the years and amounts as follows: ## YearAmountYearAmount 2028$2033$ 20292034 20302035 20312036 20322037 [_____________ ## * Term Bond] NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City may elect on February 1, 2034, and on any day thereafter to prepay Bonds maturing on or after February 1, 2035. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify DTC (hereinafter defined) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant’s interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest; and [NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds maturing on February 1, 20___ and February 1, 20___ shall hereinafter be referred to collectively as the “Term Bonds.” The principal amount of the Term Bonds subject to mandatory sinking fund redemption on any date may be reduced through earlier optional redemptions, with any partial redemptions of the Term Bonds credited against future mandatory sinking fund redemptions of such Term Bonds in such order as the City shall determine. The Term Bonds are subject to mandatory sinking fund redemption and shall be redeemed in part at par plus accrued interest on February 1 of the following years and in the principal amounts as follows: ## Sinking Fund Installment Date ## February 1, 20___ Term BondPrincipal Amount ________________________ * Maturity ## February 1, 20___ Term BondPrincipal Amount Resolution 26-75 June 24, 2026 Page 3 4928-9421-0740.1 ________________________ * Maturity] NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof, is payable by check or draft issued by the Registrar described herein; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that each Bond will be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or made available for payment, unless (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication; or (ii) the date of authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds is payable on February 1 and August 1 of each year (each an “Interest Payment Date”), commencing February 1, 2027, to the registered owners of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City will appoint, and will maintain, a bond registrar, transfer agent, authenticating agent and paying agent (the “Registrar” or “Paying Agent”). The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as follows: (a)Register. The Registrar must keep at its principal corporate trust office a bond register in which the Registrar provides for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred, or exchanged; and (b)Transfer of Bonds. Upon surrender for transfer of a Bond duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar will authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until that interest payment date; and (c)Exchange of Bonds. Whenever any Bonds are surrendered by the registered owner for exchange the Registrar will authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity as requested by the registered owner or the owner’s attorney in writing; and (d)Cancellation. Bonds surrendered upon transfer or exchange will be promptly cancelled by the Registrar and thereafter disposed of as directed by the City; and Resolution 26-75 June 24, 2026 Page 4 4928-9421-0740.1 (e)Improper or Unauthorized Transfer. When a Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the Bond until the Registrar is satisfied that the endorsement on the Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar will incur no liability for the refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized; and (f)Persons Deemed Owners. The City and the Registrar may treat the person in whose name a Bond is registered, as of the applicable record date, in the bond register as the absolute owner of such Bond, whether the Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on the Bond and for all other purposes and payments so made to the registered owner or upon the owner’s order will be valid and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid; and (g)Taxes, Fees and Charges. The Registrar may impose a charge upon the owner thereof for a transfer or exchange of Bonds, in an amount sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to the transfer or exchange; and (h)Mutilated, Lost, Stolen or Destroyed Bonds. If a Bond becomes mutilated or is destroyed, stolen or lost, the Registrar will deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of the mutilated Bond or in lieu of and in substitution for any Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory to the Registrar that the Bond was destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the Registrar an appropriate bond or indemnity in form, substance and amount satisfactory to the Registrar and as provided by law, in which both the City and the Registrar must be named as obligees. Bonds so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the City. If the mutilated, destroyed, stolen or lost Bond has already matured or been called for redemption in accordance with its terms it is not be necessary to issue a new Bond prior to payment; and (i)Redemption. In the event any of the Bonds are called for redemption, written notice thereof identifying the Bonds to be redeemed will be given by the Registrar by mailing a copy of the redemption notice by first class mail (postage prepaid) at least 30 days prior to the redemption date to the registered owner of each Bond to be redeemed at the address shown on the registration books kept by the Registrar and by publishing the notice if required by law. Failure to give notice by publication or by mail to any registered owner, or any defect therein, will not affect the validity of the proceedings for the redemption of Bonds. Bonds so called for redemption will cease to bear interest after the specified redemption date, provided that the funds for the redemption are on deposit with the place of payment at that time; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City appoints U.S. Bank Trust Company, National Association, Saint Paul, Minnesota, as the initial Registrar. The Mayor and the City Administrator are authorized to execute and deliver, on behalf of the City, a contract with the Registrar. Upon merger or Resolution 26-75 June 24, 2026 Page 5 4928-9421-0740.1 consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, the resulting corporation is authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves the right to remove the Registrar upon 30 days’ notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar must deliver all cash and Bonds in its possession to the successor Registrar and must deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of this Council, the City Administrator must transmit to the Registrar moneys sufficient for the payment of all principal and interest then due; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds will be prepared under the direction of the City Administrator and executed on behalf of the City by the signatures of the Mayor and the City Administrator, provided that all signatures may be printed, engraved, or lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the delivery of a Bond, that signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be valid or obligatory for any purpose or entitled to any security or benefit under this resolution unless and until a certificate of authentication on the Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authentication on a Bond is conclusive evidence that it has been authenticated and delivered under this resolution. When the Bonds have been so prepared, executed and authenticated, the City Administrator will deliver the same to the Purchaser upon payment of the purchase price in accordance with the contract of sale heretofore made and executed, and the Purchaser is not obligated to see to the application of the purchase price; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds will be printed or typewritten in substantially the form as attached hereto as EXHIBIT B; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City Administrator is directed to obtain a copy of the proposed approving legal opinion of Kutak Rock LLP, Minneapolis, Minnesota, and cause the opinion to be printed on or accompany each Bond; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the revenues of the Sales and Use Tax (the “Sales and Use Tax Revenues”) net costs of collection and administration thereof (the “Net Sales and Use Tax Revenues”) generated pursuant to the Special Law are pledged to the payment of the Bonds; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds are payable from the General Obligation Sales Tax Revenue Bonds Debt Service Fund (the “Debt Service Fund”) hereby created. The Debt Service Fund shall be administered and maintained by the Finance Official as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. There will always be retained in the Debt Service Fund a sufficient amount to pay the principal of and interest on all the Bonds, and the Finance Official must report any current or anticipated deficiency in the Debt Service Fund to the City Council. The Debt Service Fund will be maintained in the manner herein specified until all of the Bonds and the interest accrued thereon have been fully paid. Resolution 26-75 June 24, 2026 Page 6 4928-9421-0740.1 NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that there is hereby credited and pledged to the Debt Service Fund the following while the Bonds are outstanding: (i) on or before January 25 and July 25 of each year, commencing on January 25, 2027, Net Sales and Use Tax Revenues in an amount equal to the amount of interest due on the next Interest Payment Date; (ii) on or before January 25 of each year, commencing on January 25, 2028, Net Sales and Use Tax Revenues in an amount equal to the amount of principal (including mandatory sinking fund installments, if any) due on the next February 1; and (iii) ad valorem taxes levied, if any, for the payment of the Bonds. There is also hereby appropriated to the Debt Service Fund (a) capitalized interest financed with proceeds of the Bonds, if any; (b) amounts over the minimum purchase price of the Bonds paid by the Purchaser, to the extent designated for deposit in the Debt Service Fund in accordance with this resolution; and (c) all investment earnings on amounts in the Debt Service Fund and any other funds of the City for the payment of the principal of, premium, if any, and interest on the Bonds; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City hereby creates the General Obligation Sales Tax Revenue Bonds Construction Fund (the “Construction Fund”). Proceeds of the Bonds, less the appropriations made in the preceding paragraph, will be deposited in the Construction Fund to be used solely to defray expenses of the Project. When the Project is completed and the cost thereof paid, the Construction Fund is to be closed and any funds remaining may be deposited in the Debt Service Fund; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that for the prompt and full payment of the principal of and interest on the Bonds, as the same respectively become due, the full faith, credit and taxing powers of the City will be and are hereby irrevocably pledged. If the balance in the Debt Service Fund is ever insufficient to pay all principal and interest then due on the Bonds and any other bonds payable therefrom, the deficiency will be promptly paid out of monies in the general fund of the City which are available for such purpose, and such general fund may be reimbursed with or without interest from the Debt Service Fund when a sufficient balance is available therein; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that it is hereby determined that the estimated collections of Net Sales and Use Revenues will produce at least five percent (5%) in excess of the amount needed to meet when due the principal and interest payments on the Bonds and that no tax levy is required at this time; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City Administrator is authorized and directed to file a certified copy of this resolution with the County Auditor/Treasurer of Washington County, Minnesota and to obtain the certificate required by Section 475.63 of the Act; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the officers of the City are authorized and directed to prepare and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and under their control, relating to the validity and marketability of the Bonds, and such instruments, including any heretofore furnished, may be deemed representations of the City as to the facts stated therein; and Resolution 26-75 June 24, 2026 Page 7 4928-9421-0740.1 NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Mayor, the City Administrator, the Finance Official, or any of them, are hereby authorized and directed to certify that they have examined the Official Statement prepared and circulated in connection with the issuance and sale of the Bonds and that to the best of their knowledge and belief the Official Statement, as of the date thereof, is a complete and accurate representation of the facts and representations made therein as of the date of the Official Statement, as it relates to the City and the Bonds; an NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Mayor, the City Administrator and the Finance Official are hereby authorized and directed to furnish to the Purchaser at the closing such certificates as are required as a condition of sale. Unless litigation shall have been commenced and be pending questioning the Bonds or the organization of the City or incumbency of its officers, at the closing the Mayor, City Administrator, and the Finance Official, or any of them, shall also execute and deliver to the Purchaser a suitable certificate as to absence of material litigation, and the Finance Official shall also execute and deliver a certificate as to payment for and delivery of the Bonds; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the electronic signature of the Mayor, the City Administrator, the Finance Official, and the City Clerk to this resolution and to any certificate authorized to be executed hereunder shall be as valid as an original signature of such party and shall be effective to bind the City thereto. For purposes hereof, (i) “electronic signature” means (a) a manually signed original signature that is then transmitted by electronic means or (b) a signature obtained through DocuSign or Adobe or a similarly digitally auditable signature gathering process; and (ii) “transmitted by electronic means” means sent in the form of a facsimile or sent via the internet as a portable document format (“pdf”) or other replicating image attached to an electronic mail or internet message; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of issuance expenses in accordance with the closing memorandum to be prepared and distributed by the Municipal Advisor on the date of closing; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1986 (the “Code”), and the Treasury Regulations promulgated thereunder, in effect at the time of such actions, and that it will take or cause its officers, employees or agents to take, all affirmative action within its power that may be necessary to ensure that such interest will not become subject to taxation under the Code and applicable Treasury Regulations, as presently existing or as hereafter amended and made applicable to the Bonds. The City will comply with all requirements necessary under the Code to establish and maintain the exclusion from gross income of the interest on the Bonds under Section 103 of the Code, including without limitation requirements relating to temporary periods for investments and limitations on amounts invested at a yield greater than the yield on the Bonds; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City will comply with requirements necessary under the Code to establish and maintain the exclusion from gross income of the interest on the Bonds under Section 103 of the Code, including without limitation (i) requirements relating to temporary periods for Resolution 26-75 June 24, 2026 Page 8 4928-9421-0740.1 investments; (ii) limitations on amounts invested at a yield greater than the yield on the Bonds; and (iii) the rebate of excess investment earnings to the United States unless the Bonds qualify for an exception to the rebate requirement under the Code and related Treasury Regulations; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City further covenants not to use the proceeds of the Bonds or the facilities financed by the Bonds, or to cause or permit them or any of them to be used, in such a manner as to cause the Bonds to be “private activity bonds” within the meaning of Sections 103 and 141 through 150 of the Code; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds have not been designated as “qualified tax-exempt obligations” within the meaning of Section 265(b)(3) of the Code; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City will use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designations made by this section; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the Bonds will be initially issued in the form of a separate single typewritten or printed fully registered Bond for each of the maturities set forth herein. Upon initial issuance, the ownership of each Bond will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York, and its successors and assigns (“DTC”). Except as provided in this section, all of the outstanding Bonds will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that with respect to Bonds registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, the City, the Registrar and the Paying Agent will have no responsibility or obligation to any broker dealers, banks and other financial institutions from time to time for which DTC holds Bonds as securities depository (the “Participants”) or to any other person on behalf of which a Participant holds an interest in the Bonds, including but not limited to any responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede & Co. or any Participant with respect to any ownership interest in the Bonds, (ii) the delivery to any Participant or any other person (other than a registered owner of Bonds, as shown by the registration books kept by the Registrar) of any notice with respect to the Bonds, including any notice of redemption, or (iii) the payment to any Participant or any other person, other than a registered owner of Bonds, of any amount with respect to principal of, premium, if any, or interest on the Bonds. The City, the Registrar and the Paying Agent may treat and consider the person in whose name each Bond is registered in the registration books kept by the Registrar as the holder and absolute owner of such Bond for the purpose of payment of principal, premium and interest with respect to such Bond, for the purpose of registering transfers with respect to such Bond, and for all other purposes. The Paying Agent will pay all principal of, premium, if any, and interest on the Bonds only to or on the order of the respective registered owners, as shown in the registration books kept by the Registrar, and all such payments will be valid and effectual to fully satisfy and discharge the City’s obligations with respect to payment of principal of, premium, if any, or interest on the Bonds to the extent of the sum or sums so paid. No person other than a registered owner of Bonds, as shown in the registration books kept by the Registrar, will receive a certificated Bond evidencing the obligation of this resolution. Upon delivery by DTC to the City Administrator of a written notice to the effect that DTC has determined to Resolution 26-75 June 24, 2026 Page 9 4928-9421-0740.1 substitute a new nominee in place of Cede & Co., the words “Cede & Co.” will refer to such new nominee of DTC; and upon receipt of such a notice, the City Administrator will promptly deliver a copy of the same to the Registrar and Paying Agent; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City has heretofore executed and delivered to DTC a Blanket Issuer Letter of Representations (the “Representation Letter”) which shall govern payment of principal of, premium, if any, and interest on the Bonds and notices with respect to the Bonds. Any Paying Agent or Registrar subsequently appointed by the City with respect to the Bonds will agree to take all action necessary for all representations of the City in the Representation Letter with respect to the Registrar and Paying Agent, respectively, to be complied with at all times; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that in the event the City, by resolution of the City Council, determines that it is in the best interests of the persons having beneficial interests in the Bonds that they be able to obtain Bond certificates, the City will notify DTC, whereupon DTC will notify the Participants, of the availability through DTC of Bond certificates. In such event the City will issue, transfer and exchange Bond certificates as requested by DTC and any other registered owners in accordance with the provisions of this resolution. DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving notice to the City and discharging its responsibilities with respect thereto under applicable law. In such event, if no successor securities depository is appointed, the City will issue and the Registrar will authenticate Bond certificates in accordance with this resolution and the provisions hereof will apply to the transfer, exchange and method of payment thereof; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that notwithstanding any other provision of this resolution to the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, payments with respect to principal of, premium, if any, and interest on the Bond and notices with respect to the Bond will be made and given, respectively in the manner provided in DTC’s Operational Arrangements, as set forth in the Representation Letter; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that the City covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Certificate. “Continuing Disclosure Certificate” means that certain Continuing Disclosure Certificate executed by the Mayor and the City Administrator and dated the date of issuance and delivery of the Bonds, as originally executed and as it may be amended from time to time in accordance with the terms thereof. Notwithstanding any other provision of this resolution, failure of the City to comply with the Continuing Disclosure Certificate is not to be considered an event of default with respect to the Bonds; however, any Bondholder may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this section; and NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Woodbury, Minnesota that when all Bonds and all accrued interest thereon have been discharged as provided in this section, all pledges, covenants and other rights granted by this resolution to holders of the Bonds will cease, except that the pledge of the full faith and credit of the City for the prompt and full payment of the principal of and interest on the Bonds will remain in full force and effect. The City may discharge all Bonds which are due on any date by depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full or by depositing irrevocably in escrow, with a suitable institution qualified by law as an escrow agent for this purpose, cash or securities which are backed by Resolution 26-75 June 24, 2026 Page 10 4928-9421-0740.1 the full faith and credit of the United States of America, or any other security authorized under Minnesota law for such purpose, bearing interest payable at such times and at such rates and maturing on such dates and in such amounts as shall be required and sufficient, subject to sale and/or reinvestment in like securities, to pay said obligation(s), which may include any interest payment on such Bond and/or principal amount due thereon at a stated maturity (or if irrevocable provision shall have been made for permitted prior redemption of such principal amount, at such earlier redemption date). If any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. (The remainder of this page is intentionally left blank.) Resolution 26-75 June 24, 2026 Page 11 4928-9421-0740.1 This Resolution was declared duly passed and adopted and was signed by the Mayor and attested to by the City Administrator this 24 th day of June, 2026. ## Attest:Anne W. Burt, Mayor ## Jeffrey J. Dahl, City Administrator(SEAL) Resolution 26-75 June 24, 2026 Page 12 4928-9421-0740.1 ## EXHIBIT A ## TABULATION OF PROPOSALS Resolution 26-75 June 24, 2026 Page 13 4928-9421-0740.1 ## EXHIBIT B ## FORM OF BOND ## No. R-_____$________ ## UNITED STATES OF AMERICA ## STATE OF MINNESOTA ## COUNTY OF WASHINGTON ## CITY OF WOODBURY ## GENERAL OBLIGATION SALES TAX REVENUE BOND ## SERIES 2026A ## Interest RateMaturity Date Date of ## Original IssueCUSIP _______%February 1, 20__July 16, 2026__________ Registered Owner: CEDE & CO. The City of Woodbury Minnesota, a duly organized and existing municipal corporation in Washington County, Minnesota (the “City”), acknowledges itself to be indebted and for value received hereby promises to pay to the Registered Owner specified above or registered assigns, the principal sum set forth above on the maturity date specified above, unless called for earlier redemption, with interest thereon from the date hereof at the annual rate specified above (calculated on the basis of a 360-day year of twelve 30 day months), payable February 1 and August 1 in each year, commencing February 1, 2027, to the person in whose name this Bond is registered at the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. The interest hereon and, upon presentation and surrender hereof, the principal hereof are payable in lawful money of the United States of America by check or draft by U.S. Bank Trust Company, National Association, Saint Paul, Minnesota, as Bond Registrar, Paying Agent, Transfer Agent and Authenticating Agent, or its designated successor under the Resolution described herein. For the prompt and full payment of such principal and interest as the same respectively become due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably pledged. The City may elect on February 1, 2034, and on any date thereafter to prepay Bonds due on or after February 1, 2035. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify The Depository Trust Company (“DTC”) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant’s interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. [The Bonds maturing on February 1, 20___ and February 1, 20___ shall hereinafter be referred to collectively as the “Term Bonds.” The principal amount of the Term Bonds subject to mandatory sinking fund redemption on any date may be reduced through earlier optional redemptions, with any partial redemptions of the Term Bonds credited against future mandatory sinking fund redemptions of such Term Bonds in such order as the City shall determine. The Term Resolution 26-75 June 24, 2026 Page 14 4928-9421-0740.1 Bonds are subject to mandatory sinking fund redemption and shall be redeemed in part at par plus accrued interest on February 1 of the following years and in the principal amounts as follows: ## Sinking Fund Installment Date ## February 1, 20___ Term BondPrincipal Amount ________________________ * Maturity ## February 1, 20___ Term BondPrincipal Amount ________________________ * Maturity This Bond is one of an issue in the aggregate principal amount of $__________ all of like original issue date and tenor, except as to number, maturity date, interest rate, denomination and redemption privilege, all issued pursuant to a resolution adopted by the City Council on June 24, 2026 (the “Resolution”), for the purpose of providing money to finance the construction and rehabilitation of a new public safety campus in the City, pursuant to and in full conformity with the Constitution and laws of the State of Minnesota, including Minnesota Statutes, Chapter 475, as amended, and Laws of Minnesota 2023, Chapter 64, Article 10, Section 50. The principal hereof and interest hereon are payable primarily from net revenues of a sales and use tax imposed on sales and purchases within the City as approved by a majority of voters voting at the general election on November 5, 2024, as imposed by ordinance of the City, as set forth in the Resolution to which reference is made for a full statement of rights and powers thereby conferred. The full faith and credit of the City are irrevocably pledged for payment of this Bond and the City Council has obligated itself to levy ad valorem taxes on all taxable property in the City in the event of any deficiency in net revenues pledged, which taxes may be levied without limitation as to rate or amount. The Bonds of this series are issued only as fully registered Bonds in denominations of $5,000 or any integral multiple thereof of single maturities. The City Council has not designated the issue of Bonds of which this Bond forms a part as “qualified tax-exempt obligations” within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended, relating to disallowance of interest expense for financial institutions. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Bond Registrar, by the registered owner hereof in person or by the owner’s attorney duly authorized in writing, upon surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar, duly executed by the registered owner or the owner’s attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, Resolution 26-75 June 24, 2026 Page 15 4928-9421-0740.1 subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. The City and the Bond Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City nor the Bond Registrar will be affected by any notice to the contrary. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota, to be done, to exist, to happen and to be performed preliminary to and in the issuance of this Bond in order to make it a valid and binding general obligation of the City in accordance with its terms, have been done, do exist, have happened and have been performed as so required, and that the issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional or statutory limitation of indebtedness. This Bond is not valid or obligatory for any purpose or entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon has been executed by the Bond Registrar by manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Woodbury, Washington County, Minnesota, by its City Council, has caused this Bond to be executed on its behalf by the facsimile or manual signatures of the Mayor and City Administrator and has caused this Bond to be dated as of the date set forth below. Dated: July 16, 2026 ## CITY OF WOODBURY, MINNESOTA (Facsimile)(Facsimile) ## MayorCity Administrator ________________________ ## CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. ## U.S. BANK TRUST COMPANY, NATIONAL ## ASSOCIATION ## By ## Authorized Representative ________________________ Resolution 26-75 June 24, 2026 Page 16 4928-9421-0740.1 ## ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto ________________________________________ the within Bond and all rights thereunder, and does hereby irrevocably constitute and appoint _________________________ attorney to transfer the said Bond on the books kept for registration of the within Bond, with full power of substitution in the premises. ## Dated: Notice:The assignor’s signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. ## Signature Guaranteed: NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of the Securities Transfer Agent Medallion Program (“STAMP”), the Stock Exchange Medallion Program (“SEMP”), the New York Stock Exchange, Inc. Medallion Signatures Program (“MSP”) or other such “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with the Securities Exchange Act of 1934, as amended. The Bond Registrar will not effect transfer of this Bond unless the information concerning the assignee requested below is provided. ## Name and Address: (Include information for all joint owners if this Bond is held by joint account.) Please insert social security or other identifying number of assignee ________________________ ## PROVISIONS AS TO REGISTRATION The ownership of the principal of and interest on the within Bond has been registered on the books of the Registrar in the name of the person last noted below. Resolution 26-75 June 24, 2026 Page 17 4928-9421-0740.1 ## Date of RegistrationRegistered Owner Signature of ## Officer of Registrar Cede & Co. ## Federal ID #13-2555119 Resolution 26-75 June 24, 2026 Page 18 4928-9421-0740.1 ## STATE OF MINNESOTA ) ) ## COUNTY OF WASHINGTON) SS. ) ## CITY OF WOODBURY) I, the undersigned, being the duly qualified and acting Executive Assistant/Deputy Clerk of the City of Woodbury, Minnesota (the “City”), do hereby certify that attached hereto is a compared, true, and correct copy of a resolution regarding the issuance of General Obligation Sales Tax Revenue Bonds, Series 2026A, duly adopted by the City Council of the City on June 24, 2026, at a regular meeting thereof duly called and held, as on file and of record in my office, which resolution has not been amended, modified, or rescinded since the date thereof, and is in full force and effect as of the date hereof. WITNESS My hand this ____ day of June, 2026. ## Executive Assistant/Deputy Clerk ## DRAFT This Preliminary Official Statement and the information contained herein are subject to completion and amendment. These securi ties may not be sold nor may offers to buy be accepted prior to the time the Official Statement is delivered in final form. Un der no circumstances shall this Preliminary Official Statement constitute an offer to sell or the solicitation of an offer to buy t hese securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This Preliminary Official Statement is in a form deemed final as of its date for purposes of SEC Rule 15c2-12(b) (1), but is subject to revision, amendment and co mpletion in a Final Official Statement. ## PRELIMINARY OFFICIAL STATEMENT DATED JUNE 11, 2026 In the opinion of Kutak Rock LLP, Bond Counsel to the Issuer, under existing laws, regulations, rulings and judicial decisions and assuming the accuracy of certain representations and continuing compliance with certain covenants, interest on the Bonds [(including any original issue discount properly allocable to the owner of a Bond)]is excludable from gross income for federal income tax purposes and is not a specific preference item for purposes of the federal alternative minimum tax imposed on individuals. Further, and to the extent of the aforementioned federal income tax exclusion, interest on the Bonds is excludable from taxable net income of individuals, trusts and estates for Minnesota income tax purposes, and is not a preference item for purposes of the computation of the Minnesota alternative minimum tax imposed on individuals, trusts and estates. Interest on the Bonds (a) may affect the federal alternative minimun tax imposed on certain corporations, and (b) is subject to Minnesota franchise taxes on certain corporations (inlcuding financial institutions) measured by income. For a more detailed description of such opinions of Bond Counsel, see "Tax Matters" herein and "Appendix B – Form of Legal Opinion." The City will NOT designate the Bonds as "qualified tax-exempt obligations" pursuant to Section 265(b)(3) of the Internal Revenue Code of 1986, which permits financial institutions to deduct interest expenses allocable to the Bonds to the extent permitted under prior law. ## New IssueRating Application Made: S&P Global Ratings ## CITY OF WOODBURY, MINNESOTA (Washington County) ## $41,295,000* GENERAL OBLIGATION SALES TAX REVENUE BONDS, SERIES 2026A PROPOSAL OPENING: June 24, 2026, 10:00 A.M., C.T.CONSIDERATION: June 24, 2026, 7:30 P.M., C.T. PURPOSE/AUTHORITY/SECURITY: The $41,295,000* General Obligation Sales Tax Revenue Bonds, Series 2026A (the "Bonds") are being issued pursuant to Minnesota Statutes, Chapter 475, as amended, and Minnesota Session Laws of 2023, Regular Session, Chapter 64, Article 10, Section 50, by the City of Woodbury, Minnesota (the "City"), for the purpose of financing the remodeling and expansion of the City's Public Safety Campus. The Bonds will be general obligations of the City for which its full faith and credit and taxing powers are pledged. Delivery is subject to receipt of an approving legal opinion of Kutak Rock LLP, Minneapolis, Minnesota. ## DATE OF BONDS: July 16, 2026 ## MATURITY: February 1 as follows: ## Year ## Amount*YearAmount*YearAmount* 2028$3,580,0002032$4,030,0002036$4,610,000 20293,680,00020334,160,00020374,790,000 20303,790,00020344,300,000 20313,905,00020354,450,000 ## *MATURITY ## ADJUSTMENTS: The City reserves the right to increase or decrease the principal amount of the Bonds on the day of sale, in increments of $5,000 each. Increases or decreases may be made in any maturity. If any principal amounts are adjusted, the purchase price proposed will be adjusted to maintain the same gross spread per $1,000. ## TERM BONDS: See "Term Bond Option" herein. ## INTEREST: February 1, 2027 and semiannually thereafter. ## OPTIONAL ## REDEMPTION: Bonds maturing on February 1, 2035 and thereafter are subject to call for prior optional redemption on February 1, 2034 or any date thereafter, at a price of par plus accrued interest to the date of optional redemption. ## MINIMUM PROPOSAL: $40,964,640. ## GOOD FAITH DEPOSIT: A good faith deposit in the amount of $825,900 shall be made by the winning bidder by wire transfer of funds. ## PAYING AGENT: U.S. Bank Trust Company, National Association. ## BOND COUNSEL: Kutak Rock LLP. ## MUNICIPAL ADVISOR: Ehlers and Associates, Inc. ## BOOK-ENTRY-ONLY: See "Book-Entry-Only System" herein (unless otherwise specified by the purchaser). ## DRAFT ## REPRESENTATIONS No dealer, broker, salesperson or other person has been authorized by the City to give any information or to make any representation other than those contained in this Preliminary Official Statement and, if given or made, such other information or representations must not be relied upon as having been authorized by the City. This Preliminary Official Statement does not constitute an offer to sell or a solicitation of an offer to buy any of the Bonds in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This Preliminary Official Statement is not to be construed as a contract with the Underwriter (Syndicate Manager). Statements contained herein which involve estimates or matters of opinion are intended solely as such and are not to be construed as representations of fact. Ehlers and Associates, Inc. prepared this Preliminary Official Statement and any addenda thereto relying on information of the City and other sources for which there is reasonable basis for believing the information is accurate and complete. Bond Counsel has not participated in the preparation of this Preliminary Official Statement and is not expressing any opinion as to the completeness or accuracy of the information contained therein. Compensation of Ehlers and Associates, Inc., payable entirely by the City, is contingent upon the delivery of the Bonds. ## COMPLIANCE WITH S.E.C. RULE 15c2-12 Certain municipal obligations (issued in an aggregate amount over $1,000,000) are subject to Rule 15c2-12 promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended (the "Rule"). Preliminary Official Statement: This Preliminary Official Statement was prepared for the City for dissemination to potential investors. Its primary purpose is to disclose information regarding the Bonds to prospective underwriters in the interest of receiving competitive proposals in accordance with the sale notice contained herein. Unless an addendum is posted prior to the sale, this Preliminary Official Statement shall be deemed nearly final for purposes of the Rule subject to completion, revision and amendment in a Final Official Statement as defined below. Review Period: This Preliminary Official Statement has been distributed to prospective bidders for review. Comments or requests for the correction of omissions or inaccuracies must be submitted to Ehlers and Associates, Inc. at least two business days prior to the sale. Requests for additional information or corrections in the Preliminary Official Statement received on or before this date will not be considered a qualification of a proposal received from an underwriter. If there are any changes, corrections or additions to the Preliminary Official Statement, interested bidders will be informed by an addendum prior to the sale. Final Official Statement: Copies of the Final Official Statement will be delivered to the Underwriter (Syndicate Manager) within seven business days following the proposal acceptance. Continuing Disclosure: Subject to certain exemptions, issues in an aggregate amount over $1,000,000 may be required to comply with provisions of the Rule which require that underwriters obtain from the issuers of municipal securities (or other obligated party) an agreement for the benefit of the owners of the securities to provide continuing disclosure with respect to those securities. This Preliminary Official Statement describes the conditions under which the City is required to comply with the Rule. ## CLOSING CERTIFICATES Upon delivery of the Bonds, the Underwriter (Syndicate Manager) will be furnished with the following items: (1) a certificate of the appropriate officials to the effect that at the time of the sale of the Bonds and all times subsequent thereto up to and including the time of the delivery of the Bonds, this Preliminary Official Statement did not and does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; (2) a receipt signed by the appropriate officer evidencing payment for the Bonds; (3) a certificate evidencing the due execution of the Bonds, including statements that (a) no litigation of any nature is pending, or to the knowledge of signers, threatened, restraining or enjoining the issuance and delivery of the Bonds, (b) neither the corporate existence or boundaries of the City nor the title of the signers to their respective offices is being contested, and (c) no authority or proceedings for the issuance of the Bonds have been repealed, revoked or rescinded; and (4) a certificate setting forth facts and expectations of the City which indicates that the City does not expect to use the proceeds of the Bonds in a manner that would cause them to be arbitrage bonds within the meaning of Section 148 of the Internal Revenue Code of 1986, as amended, or within the meaning of applicable Treasury Regulations. ii ## DRAFT ## TABLE OF CONTENTS ## INTRODUCTORY STATEMENT......................... 1 ## THE BONDS......................................... 1 ## GENERAL ....................................... 1 ## OPTIONAL REDEMPTION......................... 2 ## AUTHORITY; PURPOSE ........................... 2 ## ESTIMATED SOURCES AND USES.................. 2 ## SECURITY....................................... 2 ## RATING......................................... 3 ## CONTINUING DISCLOSURE........................ 3 ## LEGAL OPINION ................................. 4 ## TAX MATTERS................................... 4 ## NOT QUALIFIED TAX-EXEMPT OBLIGATIONS....... 6 ## MUNICIPAL ADVISOR............................ 6 ## MUNICIPAL ADVISOR AFFILIATED COMPANIES..... 7 ## INDEPENDENT AUDITORS........................ 7 ## RISK FACTORS................................... 7 ## VALUATIONS....................................... 10 ## OVERVIEW..................................... 10 ## CURRENT PROPERTY VALUATIONS............... 11 ## 2025/26 NET TAX CAPACITY BY CLASSIFICATION . . 12 ## TREND OF VALUATIONS......................... 12 ## LARGEST TAXPAYERS........................... 13 ## DEBT .............................................. 14 ## DIRECT DEBT................................... 14 ## DEBT PAYMENT HISTORY ....................... 14 ## FUTURE FINANCING............................. 14 ## DEBT LIMIT .................................... 15 ## SCHEDULES OF BONDED INDEBTEDNESS......... 16 ## OVERLAPPING DEBT ............................ 22 ## DEBT RATIOS................................... 23 ## TAX LEVIES, COLLECTIONS AND RATES.............. 24 ## TAX LEVIES AND COLLECTIONS................. 24 ## TAX CAPACITY RATES .......................... 25 ## THE ISSUER ........................................ 25 ## CITY GOVERNMENT............................. 25 ## EMPLOYEES; PENSIONS; UNIONS................. 26 ## POST EMPLOYMENT BENEFITS................... 26 ## LITIGATION .................................... 26 ## MUNICIPAL BANKRUPTCY....................... 26 ## FUNDS ON HAND................................ 27 ## ENTERPRISE FUNDS............................. 28 ## SUMMARY GENERAL FUND INFORMATION........ 29 ## GENERAL FUND BUDGET SUMMARY............. 30 ## GENERAL INFORMATION............................ 31 ## LOCATION ..................................... 31 ## LARGER EMPLOYERS ........................... 31 ## BUILDING PERMITS ............................. 32 ## U.S. CENSUS DATA.............................. 32 ## EMPLOYMENT/UNEMPLOYMENT DATA........... 33 ## FINANCIAL STATEMENTS........................... A-1 ## FORM OF LEGAL OPINION .......................... B-1 ## BOOK-ENTRY-ONLY SYSTEM....................... C-1 ## FORM OF CONTINUING DISCLOSURE CERTIFICATE . . . D-1 ## TERMS OF PROPOSAL .............................. E-1 ## PROPOSAL FORM iii ## DRAFT ## CITY OF WOODBURY ## CITY COUNCIL ## Term Expires ## Anne BurtMayorJanuary 2027 ## Steve MorrisCouncil MemberJanuary 2027 ## Jennifer SantiniCouncil MemberJanuary 2027 ## Donna StaffordCouncil MemberJanuary 2029 ## Kim WilsonCouncil MemberJanuary 2029 ## ADMINISTRATION ## Clinton Gridley, City Administrator ## Jason Schirmacher, CFO/Controller ## PROFESSIONAL SERVICES ## Eckberg Lammers, P.C., City Attorney, Stillwater, Minnesota ## Kutak Rock LLP, Bond Counsel, Minneapolis, Minnesota ## Ehlers and Associates, Inc., Municipal Advisors, Minneapolis, Minnesota (Other office located in Waukesha, Wisconsin) iv ## DRAFT ## INTRODUCTORY STATEMENT This Preliminary Official Statement contains certain information regarding the City of Woodbury, Minnesota (the "City") and the issuance of its $41,295,000* General Obligation Sales Tax Revenue Bonds, Series 2026A (the "Bonds"). Any descriptions or summaries of the Bonds, statutes, or documents included herein are not intended to be complete and are qualified in their entirety by reference to such statutes and documents and the form of the Bonds to be included in the resolution authorizing the issuance and sale of the Bonds ("Award Resolution") to be adopted by the City Council on June 24, 2026. Inquiries may be directed to Ehlers and Associates, Inc. ("Ehlers" or the "Municipal Advisor"), Minneapolis, Minnesota, (651) 697-8500, the City's municipal advisor. A copy of this Preliminary Official Statement may be downloaded from Ehlers' web site at www.ehlers-inc.com by connecting to the Bond Sales link and following the directions at the top of the site. ## THE BONDS ## GENERAL The Bonds will be issued in fully registered form as to both principal and interest in denominations of $5,000 each or any integral multiple thereof, and will be dated, as originally issued, as of July 16, 2026. The Bonds will mature on February 1 in the years and amounts set forth on the cover of this Preliminary Official Statement. Interest will be payable on February 1 and August 1 of each year, commencing February 1, 2027, to the registered owners of the Bonds appearing of record in the bond register as of the close of business on the 15th day (whether or not a business day) of the immediately preceding month. Interest will be computed upon the basis of a 360-day year of twelve 30-day months and will be rounded pursuant to rules of the Municipal Securities Rulemaking Board ("MSRB"). The rate for any maturity may not be more than 2.00% less than the rate for any preceding maturity. (For example, if a rate of 4.50% is proposed for the 2028 maturity, then the lowest rate that may be proposed for any later maturity is 2.50%.) All Bonds of the same maturity must bear interest from the date of issue until paid at a single, uniform rate. Each rate must be expressed in an integral multiple of 5/100 or 1/8 of 1%. Unless otherwise specified by the purchaser, the Bonds will be registered in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York ("DTC"). (See "Book-Entry-Only System" herein.) As long as the Bonds are held under the book-entry system, beneficial ownership interests in the Bonds may be acquired in book-entry form only, and all payments of principal of, premium, if any, and interest on the Bonds shall be made through the facilities of DTC and its participants. If the book-entry system is terminated, principal of, premium, if any, and interest on the Bonds shall be payable as provided in the Award Resolution. The City has selected U.S. Bank Trust Company, National Association, St. Paul, Minnesota, to act as paying agent (the "Paying Agent"). The City will pay the charges for Paying Agent services. The City reserves the right to remove the Paying Agent and to appoint a successor. *Preliminary, subject to change. 1 ## DRAFT ## OPTIONAL REDEMPTION At the option of the City, the Bonds maturing on or after February 1, 2035 shall be subject to optional redemption prior to maturity on February 1, 2034 or any date thereafter, at a price of par plus accrued interest to the date of optional redemption. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the selection of the amounts and maturities of the Bonds to be redeemed shall be at the discretion of the City. If only part of the Bonds having a common maturity date are called for redemption, then the City or Paying Agent, if any, will notify DTC of the particular amount of such maturity to be redeemed. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interest in such maturity to be redeemed. Notice of redemption shall be sent by mail not more than 60 days and not less than 30 days prior to the date fixed for redemption to the registered owner of each Bond to be redeemed at the address shown on the registration books. ## AUTHORITY; PURPOSE The Bonds are being issued pursuant to Minnesota Statutes, Chapter 475, as amended, and Minnesota Session Laws of 2023, Regular Session, Chapter 64, Article 10, Section 50, by the City, for the purpose of financing the remodeling and expansion of the City's Public Safety Campus. ## ESTIMATED SOURCES AND USES* ## Sources ## Par Amount of Bonds$41,295,000 ## Total Sources$41,295,000 ## Uses ## Total Underwriter's Discount (0.800%)$330,360 ## Costs of Issuance162,000 ## Deposit to Construction Fund40,800,000 ## Rounding Amount 2,640 ## Total Uses$41,295,000 *Preliminary, subject to change. ## SECURITY The City anticipates that debt service on the Bonds will be paid from sales and use tax revenues equal to one-half percent (0.5%) of the gross receipts arising from certain sales and uses within the City. In accordance with Minnesota Statutes, the City anticipates that receipt of sales tax revenues will be sufficient to provide not less than 105% of the principal and interest on the Bonds. Should the sales tax revenues pledged for payment of the Bonds be insufficient to pay the principal and interest as the same shall become due, the City is required to pay maturing principal and interest from moneys on hand in any other fund of the City not pledged for another purpose and/or to levy additional taxes for this purpose upon all the taxable property in the City, without limitation as to rate or amount. 2 ## DRAFT ## RATING General obligation debt of the City, with the exception of any outstanding credit enhanced issues, is currently rated "AAA"/Stable outlook by S&P Global Ratings ("S&P"). The City has requested a rating on the Bonds from S&P, and bidders will be notified as to the assigned rating prior to the sale. Such rating reflects only the views of such organization and explanations of the significance of such rating may be obtained from S&P. Generally, a rating agency bases its rating on the information and materials furnished to it and on investigations, studies and assumptions of its own. There is no assurance that such rating will continue for any given period of time or that it will not be revised downward or withdrawn entirely by such rating agency, if in the judgment of such rating agency circumstances so warrant. Any such downward revision or withdrawal of such rating may have an adverse effect on the market price of the Bonds. Such rating is not to be construed as a recommendation of the rating agency to buy, sell or hold the Bonds, and the rating assigned by the rating agency should be evaluated independently. Except as may be required by the Disclosure Undertaking described under the heading "CONTINUING DISCLOSURE" neither the City nor the underwriter undertake responsibility to bring to the attention of the owner of the Bonds any proposed changes in or withdrawal of such rating or to oppose any such revision or withdrawal. ## CONTINUING DISCLOSURE In order to assist brokers, dealers, and municipal securities dealers, in connection with their participation in the offering of the Bonds, to comply with Rule 15c2-12 promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934, as amended (the "Rule"), the City shall agree to provide certain information to the Municipal Securities Rulemaking Board ("MSRB") through its Electronic Municipal Market Access ("EMMA") system, or any system that may be prescribed in the future. The Rule was last amended, effective February 27, 2019, to include an expanded list of material events. On the date of issue and delivery, the City shall execute and deliver a Continuing Disclosure Certificate, under which the City will covenant for the benefit of holders including beneficial holders, to provide electronically, or in a manner otherwise prescribed, certain financial information annually and to provide notices of the occurrence of certain events enumerated in the Rule (the "Disclosure Undertaking"). The details and terms of the Disclosure Undertaking for the City are set forth in Appendix D. Such Disclosure Undertaking will be in substantially the form attached hereto. A failure by the City to comply with any Disclosure Undertaking will not constitute an event of default on the Bonds . However, such a failure may adversely affect the transferability and liquidity of the Bonds and their market price. ## Option 1: No Discrepancies In the previous five years, the City believes it has not failed to comply in all material respects with its prior undertakings under the Rule. The City has reviewed its continuing disclosure responsibilities along with any changes to the Rule, to ensure compliance. (Include the following sentence if Ehlers is the dissemination agent). Ehlers is currently engaged as dissemination agent for the City. ## Option 3: Discrepancies Other Than Bond Insurance Rating Changes (LIST OF DISCREPANCIES) The City did not timely file notice of certain bond insurer rating changes during the previous five years. Except to the extent that the preceding (is/are) deemed to be material, the City believes it has not failed to comply in the previous five years in all material respects with its prior undertakings under the Rule. The City 3 ## DRAFT has reviewed its continuing disclosure responsibilities along with any changes to the Rule, to ensure compliance. (Include the following sentence if Ehlers is the dissemination agent). Ehlers is currently engaged as dissemination agent for the City. ## LEGAL OPINION An opinion as to the validity of the Bonds and the exemption from taxation of the interest thereon will be furnished by Kutak Rock LLP, Minneapolis, Minnesota, Bond Counsel to the City ("Bond Counsel"), and will be available at the time of delivery of the Bonds. The legal opinion will state that the Bonds are valid and binding general obligations of the City; provided that the rights of the owners of the Bonds and the enforceability of the Bonds may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting creditors' rights and by equitable principles (which may be applied in either a legal or equitable proceeding). See "FORM OF LEGAL OPINION" found in Appendix B. Bond Counsel has not participated in the preparation of this Official Statement and is not passing upon its accuracy, completeness, or sufficiency. Bond Counsel has not examined or verified, nor attempted to examine or verify, any of the financial or statistical statements or data contained in this Official Statement and will express no opinion with respect thereto. ## TAX MATTERS General Matters. In the opinion of Kutak Rock LLP, Bond Counsel, under existing laws, regulations, rulings and judicial decisions, interest on the Bonds is excludable from gross income for federal income tax purposes and is not a specific preference item for purposes of the federal alternative minimum tax imposed on individuals. Further, and to the extent of the aforementioned federal income tax exclusion, interest on the Bonds is excludable from taxable net income of individuals, trusts, and estates for Minnesota income tax purposes, and is not a preference item for purposes of the computation of the Minnesota alternative minimum tax imposed on individuals, trusts, and estates. The opinions described above assume the accuracy of certain representations and compliance by the City with covenants designed to satisfy the requirements of the Internal Revenue Code of 1986, as amended (the "Code"), that must be met subsequent to the issuance of the Bonds. Failure to comply with such requirements could cause interest on the Bonds to be included in gross income for federal income tax purposes and in taxable net income for Minnesota income tax purposes, retroactive to the date of issuance of the Bonds. The City has covenanted to comply with such requirements. Interest on the Bonds (a) may affect the federal alternative minimum tax imposed on certain corporations, and (b) is subject to Minnesota franchise taxes on certain corporations (including financial institutions) measured by income. Bond Counsel has expressed no opinion regarding other federal tax consequences arising with respect to the Bonds. The accrual or receipt of interest on the Bonds may otherwise affect the federal income tax liability of the owners of the Bonds. The extent of these other tax consequences will depend on such owners' particular tax status and other items of income or deduction. Bond Counsel has expressed no opinion regarding any such consequences. Purchasers of the Bonds, particularly purchasers that are corporations (including S corporations, foreign corporations operating branches in the United States of America, and certain corporations subject to the alternative minimum tax imposed on corporations), property or casualty insurance companies, banks, thrifts or other financial institutions, certain recipients of social security or railroad retirement benefits, taxpayers entitled to claim the earned income credit, taxpayers entitled to claim the refundable credit in Section 36B of the Code for coverage under a qualified health plan or taxpayers who may be deemed to have incurred or continued indebtedness to purchase or carry tax-exempt obligations, should consult their tax advisors as to the tax consequences of purchasing or owning the Bonds. 4 ## DRAFT Bond Counsel is also of the opinion that, under existing State of Minnesota statutes, interest on the Bonds is exempt from State of Minnesota income tax. Bond Counsel has expressed no opinion regarding other tax consequences arising with respect to the Bonds under the laws of the State of Minnesota or any other state or jurisdiction. A copy of the form of opinion of Bond Counsel is attached hereto as Appendix B. Original Issue Discount. The Bonds that have an original yield above their respective interest rates, if any, as shown on the inside cover of this Official Statement (collectively, the "Discount Bonds"), are being sold at an original issue discount. The difference between the initial public offering prices of such Discount Bonds and their stated amounts to be paid at maturity (excluding "qualified stated interest" within the meaning of Section 1.1273-1 of the Regulations) constitutes original issue discount treated in the same manner for federal income tax purposes as interest, as described above. The amount of original issue discount that is treated as having accrued with respect to a Discount Bond is added to the cost basis of the owner of the bond in determining, for federal income tax purposes, gain or loss upon disposition of such Discount Bond (including its sale, redemption or payment at maturity). Amounts received on disposition of such Discount Bond that are attributable to accrued or otherwise recognized original issue discount will be treated as tax-exempt interest, rather than as taxable gain, for federal income tax purposes. Original issue discount is treated as compounding semiannually, at a rate determined by reference to the yield to maturity of each individual Discount Bond, on days that are determined by reference to the maturity date of such Discount Bond. The amount treated as original issue discount on such Discount Bond for a particular semiannual accrual period is equal to (a) the product of (i) the yield to maturity for such Discount Bond (determined by compounding at the close of each accrual period) and (ii) the amount that would have been the tax basis of such Discount Bond at the beginning of the particular accrual period if held by the original purchaser, less (b) the amount of any interest payable for such Discount Bond during the accrual period. The tax basis for purposes of the preceding sentence is determined by adding to the initial public offering price on such Discount Bond the sum of the amounts that have been treated as original issue discount for such purposes during all prior periods. If such Discount Bond is sold between semiannual compounding dates, original issue discount that would have been accrued for that semiannual compounding period for federal income tax purposes is to be apportioned in equal amounts among the days in such compounding period. Owners of Discount Bonds should consult their tax advisors with respect to the determination and treatment of original issue discount accrued as of any date and with respect to the state and local tax consequences of owning a Discount Bond. Subsequent purchasers of Discount Bonds that purchase such bonds for a price that is higher or lower than the "adjusted issue price" of the bonds at the time of purchase should consult their tax advisors as to the effect on the accrual of original issue discount. Original Issue Premium. The Bonds that have an original yield below their respective interest rates, if any, as shown on the inside cover of this Official Statement (collectively, the "Premium Bonds"), are being sold at a premium. An amount equal to the excess of the issue price of a Premium Bond over its stated redemption price at maturity constitutes premium on such Premium Bond. A purchaser of a Premium Bond must amortize any premium over such Premium Bond's term using constant yield principles, based on the purchaser's yield to maturity (or, in the case of Premium Bonds callable prior to their maturity, generally by amortizing the premium to the call date, based on the purchaser's yield to the call date and giving effect to any call premium). As premium is amortized, the amount of the amortization offsets a corresponding amount of interest for the period, and the purchaser's basis in such Premium Bond is reduced by a corresponding amount resulting in an increase in the gain (or decrease in the loss) to be recognized for federal income tax purposes upon a sale or disposition of such Premium Bond prior to its maturity. Even though the purchaser's basis may be reduced, no federal income tax deduction is allowed. Purchasers of the Premium Bonds should consult their tax advisors with respect to the determination and treatment of premium for federal income tax purposes and with respect to the state and local tax consequences of owning a Premium Bond. 5 ## DRAFT ## Backup Withholding An owner of a Bond may be subject to backup withholding at the applicable rate determined by statute with respect to interest paid with respect to the Bonds if such owner fails to provide to any person required to collect such information pursuant to Section 6049 of the Code with such owner's taxpayer identification number, furnishes an incorrect taxpayer identification number, fails to report interest, dividends or other "reportable payments" (as defined in the Code) properly, or, under certain circumstances, fails to provide such persons with a certified statement, under penalty of perjury, that such owner is not subject to backup withholding. ## Changes in Federal and State Tax Law From time to time, there are legislative proposals in the Congress and in the states that, if enacted, could alter or amend the federal and state tax matters referred to under this heading "TAX MATTERS" or adversely affect the market value of the Bonds. It cannot be predicted whether or in what form any such proposal might be enacted or whether if enacted it would apply to bonds issued prior to enactment. In addition, regulatory actions are from time to time announced or proposed and litigation is threatened or commenced which, if implemented or concluded in a particular manner, could adversely affect the market value of the Bonds. It cannot be predicted whether any such regulatory action will be implemented, how any particular litigation or judicial action will be resolved, or whether the Bonds or the market value thereof would be impacted thereby. Purchasers of the Bonds should consult their tax advisors regarding any pending or proposed legislation, regulatory initiatives or litigation. The opinions expressed by Bond Counsel are based on existing legislation and regulations as interpreted by relevant judicial and regulatory authorities as of the date of issuance and delivery of the Bonds, and Bond Counsel has expressed no opinion as of any date subsequent thereto or with respect to any pending legislation, regulatory initiatives or litigation. ## PROSPECTIVE PURCHASERS OF THE BONDS ARE ADVISED TO CONSULT WITH THEIR OWN TAX ## ADVISORS PRIOR TO ANY PURCHASE OF THE BONDS AS TO THE IMPACT OF THE CODE UPON ## THEIR ACQUISITION, HOLDING OR DISPOSITION OF THE BONDS. ## NOT QUALIFIED TAX-EXEMPT OBLIGATIONS The City will NOT designate the Bonds as "qualified tax-exempt obligations" pursuant to Section 265(b)(3) of the Code, relating to the ability of certain financial institutions (within the meaning of Section 265(6)(5) of the Code) to deduct from income for federal income tax purposes, 80% of the interest expense that is allocable to carrying and acquiring tax-exempt obligations. ## MUNICIPAL ADVISOR Ehlers has served as municipal advisor to the City in connection with the issuance of the Bonds. The Municipal Advisor cannot participate in the underwriting of the Bonds. The financial information included in this Preliminary Official Statement has been compiled by the Municipal Advisor. Such information does not purport to be a review, audit or certified forecast of future events and may not conform with accounting principles applicable to compilations of financial information. Ehlers is not a firm of certified public accountants. Ehlers is registered with the Securities and Exchange Commission and the MSRB as a municipal advisor. Ehlers makes no representation, warranty or guarantee regarding the accuracy or completeness of the information in this Preliminary Official Statement, and its assistance in preparing this Preliminary Official Statement should not be construed as a representation that it has independently verified such information. 6 ## DRAFT ## MUNICIPAL ADVISOR AFFILIATED COMPANIES Bond Trust Services Corporation ("BTSC") and Ehlers Investment Partners, LLC ("EIP") are affiliate companies of Ehlers. BTSC is chartered by the State of Minnesota and authorized in Minnesota, Wisconsin, Colorado, and Illinois to transact the business of a limited purpose trust company. BTSC provides paying agent services to debt issuers. EIP is a Registered Investment Advisor with the Securities and Exchange Commission. EIP assists issuers with the investment of bond proceeds or investing other issuer funds. This includes escrow bidding agent services. Issuers, such as the City, have retained or may retain BTSC and/or EIP to provide these services. If hired, BTSC and/or EIP would be retained by the City under an agreement separate from Ehlers. ## INDEPENDENT AUDITORS The basic financial statements of the City for the fiscal year ended December 31, 2024 have been audited by BerganKDV, Ltd.,Minneapolis, Minnesota, independent auditors (the "Auditor"). The report of the Auditor, together with the basic financial statements, component units financial statements, and notes to the financial statements are attached hereto as "APPENDIX A – FINANCIAL STATEMENTS". The Auditor has not been engaged to perform and has not performed, since the date of its report included herein, any procedures on the financial statements addressed in that report. The Auditor also has not performed any procedures relating to this Preliminary Official Statement. ## RISK FACTORS The following is a description of possible risks to holders of the Bonds without weighting as to probability. This description of risks is not intended to be all-inclusive, and there may be other risks not now perceived or listed here. Taxes: The Bonds are general obligations of the City, the ultimate payment of which rests in the City's ability to levy and collect sufficient taxes to pay debt service should other revenue (sales tax revenues) be insufficient. In the event of delayed billing, collection or distribution of property taxes, sufficient funds may not be available to the City in time to pay debt service when due. State Actions: Many elements of local government finance, including the issuance of debt and the levy of property taxes, are controlled by state government. Future actions of the State of Minnesota (the "State") may affect the overall financial condition of the City, the taxable value of property within the City, and the ability of the City to levy and collect property taxes. Future Changes in Law: Various State and federal laws, regulations and constitutional provisions apply to the City and to the Bonds. The City can give no assurance that there will not be a change in or interpretation of any such applicable laws, regulations and provisions which would have a material effect on the City or the taxing authority of the City. Ratings; Interest Rates: In the future, the City's credit rating may be reduced or withdrawn, or interest rates for this type of obligation may rise generally, either possibility resulting in a reduction in the value of the Bonds for resale prior to maturity. 7 ## DRAFT Tax Exemption: If the federal government or the State of Minnesota taxes all or a portion of the interest on municipal obligations, directly or indirectly, or if there is a change in federal or state tax policy, the value of the Bonds may fall for purposes of resale. Noncompliance following the issuance of the Bonds with certain requirements of the Code and covenants of the Award Resolution may result in the inclusion of interest on the Bonds in gross income of the recipient for United States income tax purposes or in taxable net income of individuals, estates or trusts for State of Minnesota income tax purposes. No provision has been made for redemption of the Bonds, or for an increase in the interest rate on the Bonds, in the event that interest on the Bonds becomes subject to federal or State of Minnesota income taxation, retroactive to the date of issuance. Continuing Disclosure: A failure by the City to comply with the Disclosure Undertaking for continuing disclosure (see "CONTINUING DISCLOSURE") will not constitute an event of default on the Bonds. Any such failure must be reported in accordance with the Rule and must be considered by any broker, dealer, or municipal securities dealer before recommending the purchase or sale of the Bonds in the secondary market. Such a failure may adversely affect the transferability and liquidity of the Bonds and their market price. Levy Limits: The State Legislature has periodically imposed limitations on the ability of municipalities to levy property taxes. While these limitations have expired, the potential exists for future legislation to limit the ability of local governments to levy property taxes. All previous limitations have not limited the ability to levy for the payment of debt service on bonded indebtedness. For more detailed information about Minnesota levy limits, contact the Minnesota Department of Revenue or Ehlers and Associates. State Economy; State Aids: State of Minnesota cash flow problems could affect local governments and possibly increase property taxes. Book-Entry-Only System: The timely credit of payments for principal and interest on the Bonds to the accounts of the Beneficial Owners of the Bonds may be delayed due to the customary practices, standing instructions or for other unknown reasons by DTC participants or indirect participants. Since the notice of redemption or other notices to holders of these obligations will be delivered by the City to DTC only, there may be a delay or failure by DTC, DTC participants or indirect participants to notify the Beneficial Owners of the Bonds. Economy: A combination of economic, climatic, political or civil disruptions or terrorist actions outside of the control of the City, including loss of major taxpayers or major employers, could affect the local economy and result in reduced tax collections and/or increased demands upon local government. Real or perceived threats to the financial stability of the City may have an adverse effect on the value of the Bonds in the secondary market. Secondary Market for the Bonds: No assurance can be given that a secondary market will develop for the purchase and sale of the Bonds or, if a secondary market exists, that such Bonds can be sold for any particular price. The underwriters are not obligated to engage in secondary market trading or to repurchase any of the Bonds at the request of the owners thereof. Prices of the Bonds as traded in the secondary market are subject to adjustment upward and downward in response to changes in the credit markets and other prevailing circumstances. No guarantee exists as to the future market value of the Bonds. Such market value could be substantially different from the original purchase price. Bankruptcy: The rights and remedies of the holders may be limited by and are subject to the provisions of federal bankruptcy laws, to other laws, or equitable principles that may affect the enforcement of creditors' rights, to the exercise of judicial discretion in appropriate cases and to limitations on legal remedies against local governments. The opinion of Bond Counsel to be delivered with respect to the Bonds will be similarly qualified. 8 ## DRAFT Cybersecurity: The City is dependent on electronic information technology systems to deliver services. These systems may contain sensitive information or support critical operational functions which may have value for unauthorized purposes. As a result, the electronic systems and networks may be targets of cyberattack. There can be no assurance that the City will not experience an information technology breach or attack with financial consequences that could have a material adverse impact. The foregoing is intended only as a summary of certain risk factors attendant to an investment in the Bonds. In order for potential investors to identify risk factors and make an informed investment decision, potential investors should be thoroughly familiar with this entire Preliminary Official Statement and the Appendices hereto. 9 ## DRAFT ## VALUATIONS ## OVERVIEW All non-exempt property is subject to taxation by local taxing districts. Exempt real property includes Indian lands, public property, and educational, religious and charitable institutions. Most personal property is exempt from taxation (except investor-owned utility mains, generating plants, etc.). The valuation of property in Minnesota consists of three elements. (1) The estimated market value is set by city or county assessors. Not less than 20% of all real properties are to be appraised by local assessors each year. (2) The taxable market value is the estimated market value adjusted by all legislative exclusions. (3) The tax capacity (taxable) value of property is determined by class rates set by the State Legislature. The tax capacity rate varies according to the classification of the property. Tax capacity represents a percent of taxable market value. The property tax rate for a local taxing jurisdiction is determined by dividing the total tax capacity or market value of property within the jurisdiction into the dollars to be raised from the levy. State law determines whether a levy is spread on tax capacity or market value. Major classifications and the percentages by which tax capacity is determined are: ## Type of Property2023/242024/252025/26 Residential homestead 1 First $500,000 - 1.00% Over $500,000 - 1.25% First $500,000 - 1.00% Over $500,000 - 1.25% First $500,000 - 1.00% Over $500,000 - 1.25% Agricultural homestead 1 First $500,000 HGA - 1.00% Over $500,000 HGA - 1.25% First $2,150,000 - 0.50% 2 Over $2,150,000 - 1.00% 2 First $500,000 HGA - 1.00% Over $500,000 HGA - 1.25% First $3,500,000 - 0.50% 2 Over $3,500,000 - 1.00% 2 First $500,000 HGA - 1.00% Over $500,000 HGA - 1.25% First $3,500,000 - 0.50% 2 Over $3,500,000 - 1.00% 2 Agricultural non-homesteadLand - 1.00% 2 Land - 1.00% 2 Land - 1.00% 2 Seasonal recreational residentialFirst $500,000 - 1.00% 3 Over $500,000 - 1.25% 3 First $500,000 - 1.00% 3 Over $500,000 - 1.25% 3 First $500,000 - 1.00% 3 Over $500,000 - 1.25% 3 Residential non-homestead:1 unit - 1st $500,000 - 1.00% Over $500,000 - 1.25% 2-3 units - 1.25% 4 or more - 1.25% ## Small City 4 - 1.25% ## Affordable Rental: First $174,000 - 0.75% Over $174,000 - 0.25% 1 unit - 1st $500,000 - 1.00% Over $500,000 - 1.25% 2-3 units - 1.25% 4 or more - 1.25% ## Small City 4 - 1.25% Affordable Rental: – 0.25% 1 unit - 1st $500,000 - 1.00% Over $500,000 - 1.25% 2-3 units - 1.25% 4 or more - 1.25% ## Small City 4 - 1.25% Affordable Rental – 0.25% ## Industrial/Commercial/Utility 5 First $150,000 - 1.50% Over $150,000 - 2.00% First $150,000 - 1.50% Over $150,000 - 2.00% First $150,000 - 1.50% Over $150,000 - 2.00% 1 A residential property qualifies as "homestead" if it is occupied by the owner or a relative of the owner on the assessment date. 2 Applies to land and buildings. Exempt from referendum market value tax. 3 Exempt from referendum market value tax. 4 Cities of 5,000 population or less and located entirely outside the seven-county metropolitan area and the adjacent nine-county area and whose boundaries are 15 miles or more from the boundaries of a Minnesota city with a population of over 5,000. 5 The estimated market value of utility property is determined by the Minnesota Department of Revenue. 10 ## DRAFT ## CURRENT PROPERTY VALUATIONS ## 2025/26 Economic Market Value$16,075,800,737 1 ## 2025/26 Assessor's Estimated Market Value ## Real Estate$15,409,179,900 ## Personal Property59,061,600 ## Total Valuation$15,468,241,500 ## 2025/26 Net Tax Capacity ## Real Estate$175,381,202 ## Personal Property1,175,982 ## Net Tax Capacity$176,557,184 ## Less: ## Captured Tax Increment Tax Capacity 2 (222,550) ## Fiscal Disparities Contribution 3 (15,703,419) ## Taxable Net Tax Capacity$160,631,215 ## Plus: Fiscal Disparities Distribution 3 13,201,641 ## Adjusted Taxable Net Tax Capacity$173,832,856 1 According to the Minnesota Department of Revenue, the Assessor's Estimated Market Value (the "AEMV") for the City was about 96.33% of the actual selling prices of property sold in the City. The sales ratio was calculated by comparing the selling prices with the AEMV. Dividing the AEMV of real estate by the sales ratio and adding the AEMV of personal property and utility, railroads and minerals, if any, results in an Economic Market Value ("EMV") for the City of $16,075,800,737. 2 The captured tax increment value shown above represents the captured net tax capacity of tax increment financing districts in the City. 3 Each community in the seven-county metropolitan area contributes 40% of the growth in its commercial- industrial property tax base to an area pool which is then distributed among the municipalities on the basis of population, special needs, etc. Each governmental unit makes a contribution and receives a distribution-- sometimes gaining and sometimes contributing net tax capacity for tax purposes. 11 ## DRAFT ## 2025/26 NET TAX CAPACITY BY CLASSIFICATION 2025/26 ## Net Tax Capacity ## Percent of Total ## Net Tax Capacity Residential homestead$104,623,37259.26% ## Agricultural701,4360.40% ## Commercial/industrial39,215,07022.21% Public utility110,6400.06% Non-homestead residential30,704,72317.39% Commercial & residential seasonal/rec.25,9610.01% Personal property1,175,9820.67% ## Total$176,557,184100.00% ## TREND OF VALUATIONS ## Levy ## Year ## Assessor's ## Estimated ## Market Value ## Assessor's ## Taxable ## Market Value ## Net Tax ## Capacity 1 ## Adjusted ## Taxable ## Net Tax ## Capacity 2 ## Percent ## Increase/Decrease in Estimated ## Market Value 2021/22$11,399,185,300$11,105,977,400$129,544,384$127,581,6055.53% 2022/2313,548,254,40013,310,236,200153,859,077151,913,64618.85% 2023/2415,164,712,30014,910,635,000174,515,212172,589,12511.93% 2024/2515,014,376,30014,683,850,600171,628,625168,654,809-0.99% 2025/2615,468,241,50015,142,800,900176,557,184173,832,8563.02% 1 Net Tax Capacity is before fiscal disparities adjustments and includes tax increment values. 2 Adjusted Taxable Net Tax Capacity is after fiscal disparities adjustments and does not include tax increment values. 12 ## DRAFT ## LARGEST TAXPAYERS ## TaxpayerType of Property 2025/26 ## Net Tax Capacity ## Percent of City's ## Total Net Tax ## Capacity ## Tamarack Village Shopping Center LP Commercial/Industrial$2,142,6421.21% ## Ramco-Gershenson Properties LPCommercial/Industrial1,871,5201.06% ## Ireit Woodbury CityPlace LLCCommercial/Industrial1,569,6520.89% ## City Walk TI I Llc Etal.Apartments1,485,9920.84% ## 10285 Grand Forest Owner LLCApartments1,231,2500.70% ## G&I Valley Creek LLCApartments1,147,2710.65% ## Invest Woodbury I Spe LLCApartments968,1750.55% ## Woodbury Village Shopping Center LP Commercial/Industrial967,7010.55% ## Xcel EnergyUtility902,5840.51% ## Ryan Woodbury LLCCommercial/Industrial764,1360.43% ## Total$13,050,9237.39% ## City's Total 2025/26 Net Tax Capacity$176,557,184 Source:Current Property Valuations, Net Tax Capacity by Classification, Trend of Valuations and Largest Taxpayers have been furnished by Washington County. 13 ## DRAFT ## DEBT ## DIRECT DEBT 1 General Obligation Debt (see schedules following) Total G.O. debt secured by sales tax revenues (includes the Bonds)*$41,295,000 Total G.O. debt secured by special assessments and taxes12,400,000 Total G.O. debt secured by tax abatement revenues21,430,000 Total G.O. debt secured by taxes11,765,000 Total G.O. debt secured by utility revenues14,255,000 ## Total General Obligation Debt*$101,145,000 *Preliminary, subject to change. ## DEBT PAYMENT HISTORY The City has no record of default in the payment of principal and interest on its debt. ## FUTURE FINANCING The City has plans to issue approximately $8,000,000 general obligation bonds for the Water Treatment Plan project in the next 12 months. 1 Outstanding debt is as of the dated date of the Bonds. 14 ## DRAFT ## DEBT LIMIT The statutory limit on net debt of Minnesota municipalities other than school districts or cities of the first class (Minnesota Statutes, Section 475.53, subd. 1) is 3% of the Assessor's Estimated Market Value of all taxable property within its boundaries. "Net debt" means the amount remaining after deducting from gross debt the amount of current revenues which are applicable within the current fiscal year to the payment of any debt and the aggregate principal of certain obligations enumerated under Minnesota Statutes, Section 475.51, subd.4, including the following: (1) obligations issued for improvements payable wholly or partly from special assessments levied against benefitted property; (2) warrants or orders having no definite or fixed maturity; (3) obligations payable wholly from the income of revenue producing conveniences; (4) obligations issued to create or maintain a permanent improvement revolving fund; (5) obligations issued to finance any revenue producing public convenience; (6) funds held as sinking funds for payment of principal and interest on debt other than those deductible under Minnesota Statutes, Section 475.51, subd. 4; (7) obligations to repay energy conservation investment loans under Minnesota Statutes, Section 216C.37; (8) obligations issued to pay certain postemployment benefit liabilities; (9) obligations issued to pay certain judgments against the City; and (10) all other obligations which are not to be included in computing the net debt of a municipality under the provisions of the law authorizing their issuance (includes the Bonds). ## 2025/26 Assessor's Estimated Market Value$15,468,241,500 Multiply by 3%0.03 ## Statutory Debt Limit$464,047,245 ## Less: Long-Term Debt Outstanding Being Paid Solely from Taxes(11,765,000) ## Unused Debt Limit$452,282,245 15 ## DRAFT City of Woodbury, MinnesotaSchedule of Bonded IndebtednessGeneral Obligation Debt Secured by Sales Tax Revenues(As of 07/16/2026) ## Dated ## Amount ## Maturity ## Calendar ## Year Ending ## Principal ## Estimated ## Interest ## Total Principal ## Total Interest ## Total P & I ## Principal ## Outstanding % Paid ## Calendar ## Year ## Ending 2027 0 1,572,302 0 1,572,302 1,572,302 41,295,000 .00% 2027 2028 3,580,000 1,349,148 3,580,000 1,349,148 4,929,148 37,715,000 8.67% 2028 2029 3,680,000 1,242,954 3,680,000 1,242,954 4,922,954 34,035,000 17.58% 2029 2030 3,790,000 1,130,871 3,790,000 1,130,871 4,920,871 30,245,000 26.76% 2030 2031 3,905,000 1,011,562 3,905,000 1,011,562 4,916,562 26,340,000 36.22% 2031 2032 4,030,000 884,564 4,030,000 884,564 4,914,564 22,310,000 45.97% 2032 2033 4,160,000 749,392 4,160,000 749,392 4,909,392 18,150,000 56.05% 2033 2034 4,300,000 604,457 4,300,000 604,457 4,904,457 13,850,000 66.46% 2034 2035 4,450,000 447,993 4,450,000 447,993 4,897,993 9,400,000 77.24% 2035 2036 4,610,000 279,190 4,610,000 279,190 4,889,190 4,790,000 88.40% 2036 2037 4,790,000 95,800 4,790,000 95,800 4,885,800 0 100.00% 2037 41,295,000 9,368,232 41,295,000 9,368,232 50,663,232 * Preliminary, subject to change. ## Sales Tax Revenue Bonds Series 2026A 07/16/2026 $41,295,000* 02/01 16 ## DRAFT City of Woodbury, MinnesotaSchedule of Bonded IndebtednessGeneral Obligation Debt Secured by Special Assessments and Taxes(As of 07/16/2026) ## Dated ## Amount ## MaturityCalendar ## Year Ending ## Principal ## Interest ## Principal ## Interest ## Principal ## Interest ## Principal ## Interest ## Principal ## Interest 2026 0 2,879 0 7,950 0 24,235 0 17,941 0 16,275 2027 120,000 4,348 125,000 14,025 340,000 44,220 255,000 33,331 155,000 31,000 2028 125,000 1,469 130,000 10,200 350,000 35,508 260,000 28,181 160,000 27,850 2029 135,000 6,225 355,000 26,164 265,000 22,766 165,000 23,775 2030 140,000 2,100 365,000 16,173 270,000 16,913 170,000 18,750 2031 375,000 5,531 275,000 10,438 175,000 13,575 2032 280,000 3,500 180,000 8,250 2033 185,000 2,775 203420352036203720382039 245,000 8,695 530,000 40,500 1,785,000 151,830 1,605,000 133,069 1,190,000 142,250 1) This represents the $6,110,000 Improvement & Improvement Refunding portions of the $7,880,000 General Obligation Improvement and Refunding Bonds, Series 2012A.2) This issue will be paid solely from special assessments and no tax levy.3) This issue will be paid solely from special assessments and no tax levy. --Continued on next page ## Improvement Bonds 3) Series 2017A 08/17/2017 $2,345,000 02/01 ## Improvement Bonds 2) Series 2016A 07/06/2016 $3,595,000 02/01 ## Improvement Bonds Series 2015A 06/03/2015 $4,800,000 02/01 ## Improvement Bonds Series 2014A 11/04/2014 $3,070,000 02/01 ## Improvement & Improvement Ref Bonds 1) Series 2012A 06/19/2012 $6,110,000 02/01 17 ## DRAFT City of Woodbury, MinnesotaSchedule of Bonded Indebtedness continuedGeneral Obligation Debt Secured by Special Assessments and Taxes(As of 07/16/2026) ## Dated ## Amount ## MaturityCalendar ## Year Ending ## Principal ## Interest ## Principal ## Interest ## Principal ## Interest ## Principal ## Interest ## Total Principal ## Total Interest ## Total P & I ## Principal ## Outstanding % Paid ## Calendar ## Year ## Ending 2026 0 22,694 0 14,625 0 14,603 0 67,875 0 189,076 189,076 12,400,000 .00% 2026 2027 140,000 41,888 95,000 27,825 190,000 27,305 155,000 131,875 1,575,000 355,816 1,930,816 10,825,000 12.70% 2027 2028 145,000 35,488 100,000 24,900 195,000 23,455 160,000 124,000 1,625,000 311,050 1,936,050 9,200,000 25.81% 2028 2029 155,000 29,488 100,000 21,900 200,000 19,505 170,000 115,750 1,545,000 265,572 1,810,572 7,655,000 38.27% 2029 2030 160,000 23,988 105,000 18,825 205,000 15,455 180,000 107,000 1,595,000 219,203 1,814,203 6,060,000 51.13% 2030 2031 165,000 19,113 110,000 15,600 205,000 12,380 185,000 97,875 1,490,000 174,511 1,664,511 4,570,000 63.15% 2031 2032 170,000 14,088 110,000 12,300 210,000 10,305 195,000 88,375 1,145,000 136,818 1,281,818 3,425,000 72.38% 2032 2033 175,000 8,694 115,000 8,925 210,000 8,205 205,000 78,375 890,000 106,974 996,974 2,535,000 79.56% 2033 2034 180,000 2,925 120,000 5,400 215,000 6,080 215,000 67,875 730,000 82,280 812,280 1,805,000 85.44% 2034 2035 120,000 1,800 215,000 3,823 225,000 56,875 560,000 62,498 622,498 1,245,000 89.96% 2035 2036 220,000 1,320 240,000 45,250 460,000 46,570 506,570 785,000 93.67% 2036 2037 250,000 33,000 250,000 33,000 283,000 535,000 95.69% 2037 2038 260,000 20,250 260,000 20,250 280,250 275,000 97.78% 2038 2039 275,000 6,875 275,000 6,875 281,875 0 100.00% 2039 1,290,000 198,363 975,000 152,100 2,065,000 142,435 2,715,000 1,041,250 12,400,000 2,010,491 14,410,491 4) This represents the $2,100,000 Improvement portion of the $14,495,000 General Obligation Bonds, Series 2018A.5) This issue will be paid solely from special assessments and no tax levy.6) This represents the $2,965,000 Improvement portion of the $7,015,000 General Obligation Bonds, Series 2020A.7) This represents the $3,400,000 Street Improvement portion of the $16,205,000 General Obligation Bonds, Series 2024A. ## Street Improvement Bonds 7) Series 2024A 05/01/2024 $3,035,000 02/01 ## Improvement Bonds 6) Series 2020A 12/30/2020 $2,965,000 02/01 ## Improvement Bonds 5) Series 2019A 05/30/2019 $1,500,000 02/01 ## Improvement Bonds 4) Series 2018A 09/13/2018 $2,100,000 02/01 18 ## DRAFT City of Woodbury, MinnesotaSchedule of Bonded IndebtednessGeneral Obligation Debt Secured by Tax Abatement Revenues(As of 07/16/2026) ## Dated ## Amount ## Maturity ## Calendar ## Year Ending ## Principal ## Interest ## Principal ## Interest ## Total Principal ## Total Interest ## Total P & I ## Principal ## Outstanding % Paid ## Calendar ## Year ## Ending 2026 0 146,625 0 265,081 0 411,706 411,706 21,430,000 .00% 2026 2027 960,000 278,850 0 530,163 960,000 809,013 1,769,013 20,470,000 4.48% 2027 2028 990,000 249,600 250,000 523,913 1,240,000 773,513 2,013,513 19,230,000 10.27% 2028 2029 1,020,000 219,450 250,000 511,413 1,270,000 730,863 2,000,863 17,960,000 16.19% 2029 2030 1,050,000 188,400 250,000 498,913 1,300,000 687,313 1,987,313 16,660,000 22.26% 2030 2031 1,085,000 156,375 250,000 486,413 1,335,000 642,788 1,977,788 15,325,000 28.49% 2031 2032 1,115,000 123,375 600,000 465,163 1,715,000 588,538 2,303,538 13,610,000 36.49% 2032 2033 1,150,000 89,400 630,000 434,413 1,780,000 523,813 2,303,813 11,830,000 44.80% 2033 2034 1,185,000 54,375 660,000 402,163 1,845,000 456,538 2,301,538 9,985,000 53.41% 2034 2035 1,220,000 18,300 695,000 368,288 1,915,000 386,588 2,301,588 8,070,000 62.34% 2035 2036 730,000 332,663 730,000 332,663 1,062,663 7,340,000 65.75% 2036 2037 765,000 295,288 765,000 295,288 1,060,288 6,575,000 69.32% 2037 2038 805,000 256,038 805,000 256,038 1,061,038 5,770,000 73.08% 2038 2039 845,000 214,788 845,000 214,788 1,059,788 4,925,000 77.02% 2039 2040 890,000 177,531 890,000 177,531 1,067,531 4,035,000 81.17% 2040 2041 1,000,000 141,400 1,000,000 141,400 1,141,400 3,035,000 85.84% 2041 2042 1,000,000 101,400 1,000,000 101,400 1,101,400 2,035,000 90.50% 2042 2043 1,000,000 61,400 1,000,000 61,400 1,061,400 1,035,000 95.17% 2043 2044 1,035,000 20,700 1,035,000 20,700 1,055,700 0 100.00% 2044 9,775,000 1,524,750 11,655,000 6,087,125 21,430,000 7,611,875 29,041,875 1) This represents the $12,805,000 Tax Abatement portion of the $16,205,000 General Obligation Bonds, Series 2024A . ## Tax Abatement Bonds 1) Series 2024A 05/01/2024 $11,655,000 02/01 ## Tax Abatement Bonds Series 2013A 02/14/2013 $16,015,000 02/01 19 ## DRAFT City of Woodbury, MinnesotaSchedule of Bonded IndebtednessGeneral Obligation Debt Secured by Taxes(As of 07/16/2026) ## Dated ## Amount ## Maturity ## Calendar ## Year Ending ## Principal ## Interest ## Principal ## Interest ## Total Principal ## Total Interest ## Total P & I ## Principal ## Outstanding % Paid ## Calendar ## Year ## Ending 2026 0 168,903 0 19,000 0 187,903 187,903 11,765,000 .00% 2026 2027 540,000 324,306 405,000 33,950 945,000 358,256 1,303,256 10,820,000 8.03% 2027 2028 570,000 299,406 415,000 25,750 985,000 325,156 1,310,156 9,835,000 16.40% 2028 2029 590,000 276,206 425,000 17,350 1,015,000 293,556 1,308,556 8,820,000 25.03% 2029 2030 615,000 255,181 435,000 8,750 1,050,000 263,931 1,313,931 7,770,000 33.96% 2030 2031 635,000 236,431 440,000 2,200 1,075,000 238,631 1,313,631 6,695,000 43.09% 2031 2032 650,000 217,156 650,000 217,156 867,156 6,045,000 48.62% 2032 2033 670,000 196,519 670,000 196,519 866,519 5,375,000 54.31% 2033 2034 695,000 174,338 695,000 174,338 869,338 4,680,000 60.22% 2034 2035 715,000 150,978 715,000 150,978 865,978 3,965,000 66.30% 2035 2036 740,000 126,425 740,000 126,425 866,425 3,225,000 72.59% 2036 2037 765,000 100,550 765,000 100,550 865,550 2,460,000 79.09% 2037 2038 790,000 73,338 790,000 73,338 863,338 1,670,000 85.81% 2038 2039 820,000 45,163 820,000 45,163 865,163 850,000 92.78% 2039 2040 850,000 15,406 850,000 15,406 865,406 0 100.00% 2040 9,645,000 2,660,306 2,120,000 107,000 11,765,000 2,767,306 14,532,306 1) This represents the $12,395,000 Capital Improvement Plan portion of the $14,495,000 General Obligation Bonds, Series 2018A 2) This represents the $4,050,000 Capital Improvement Plan Refunding portion of the $7,015,000 General Obligation Bonds, Series 2020A ## Capital Improvement Plan ## Refunding Bonds 2) Series 2020A 12/30/2020 $4,050,000 02/01 ## Capital Improvement Plan Bonds 1) Series 2018A 09/13/2018 $12,395,000 02/01 20 ## DRAFT City of Woodbury, MinnesotaSchedule of Bonded IndebtednessGeneral Obligation Debt Secured by Utility Revenues(As of 07/16/2026) ## Dated ## Amount ## Maturity ## Calendar ## Year Ending ## Principal ## Interest ## Total Principal ## Total Interest ## Total P & I ## Principal ## Outstanding % Paid ## Calendar ## Year ## Ending 2026 0 336,288 0 336,288 336,288 14,255,000 .00% 2026 2027 435,000 661,700 435,000 661,700 1,096,700 13,820,000 3.05% 2027 2028 455,000 639,450 455,000 639,450 1,094,450 13,365,000 6.24% 2028 2029 480,000 616,075 480,000 616,075 1,096,075 12,885,000 9.61% 2029 2030 505,000 591,450 505,000 591,450 1,096,450 12,380,000 13.15% 2030 2031 525,000 565,700 525,000 565,700 1,090,700 11,855,000 16.84% 2031 2032 555,000 538,700 555,000 538,700 1,093,700 11,300,000 20.73% 2032 2033 585,000 510,200 585,000 510,200 1,095,200 10,715,000 24.83% 2033 2034 615,000 480,200 615,000 480,200 1,095,200 10,100,000 29.15% 2034 2035 645,000 448,700 645,000 448,700 1,093,700 9,455,000 33.67% 2035 2036 675,000 415,700 675,000 415,700 1,090,700 8,780,000 38.41% 2036 2037 710,000 381,075 710,000 381,075 1,091,075 8,070,000 43.39% 2037 2038 745,000 344,700 745,000 344,700 1,089,700 7,325,000 48.61% 2038 2039 780,000 306,575 780,000 306,575 1,086,575 6,545,000 54.09% 2039 2040 820,000 270,675 820,000 270,675 1,090,675 5,725,000 59.84% 2040 2041 855,000 235,572 855,000 235,572 1,090,572 4,870,000 65.84% 2041 2042 895,000 197,291 895,000 197,291 1,092,291 3,975,000 72.12% 2042 2043 930,000 157,369 930,000 157,369 1,087,369 3,045,000 78.64% 2043 2044 970,000 115,200 970,000 115,200 1,085,200 2,075,000 85.44% 2044 2045 1,015,000 70,538 1,015,000 70,538 1,085,538 1,060,000 92.56% 2045 2046 1,060,000 23,850 1,060,000 23,850 1,083,850 0 100.00% 2046 14,255,000 7,907,006 14,255,000 7,907,006 22,162,006 ## Utility Revenue Bonds Series 2025A 07/02/2025 $14,255,000 02/01 21 ## DRAFT ## OVERLAPPING DEBT 1 ## Taxing District 2025/26 ## Adjusted ## Taxable Net ## Tax Capacity ## % In City ## Total ## G.O. Debt 2 ## City's ## Proportionate ## Share ## Washington County$527,263,31632.9689%$86,215,000$28,424,137 ## I.S.D. No. 622 ## (North St. Paul-Maplewood-Oakdale)150,326,847 11.8986% 407,730,000 3 48,514,162 ## I.S.D. No. 833 ## (South Washington County Schools)219,904,403 58.0737% 456,330,000 4 265,007,715 ## I.S.D. No. 834 ## (Stillwater Area Public Schools)185,555,732 15.2189% 239,425,000 4 36,437,851 ## Metropolitan Council6,503,726,9052.6728%261,560,000 4 6,990,976 ## City's Share of Total Overlapping Debt$385,374,841 1 Overlapping debt is as of the dated date of the Bonds. Only those taxing jurisdictions with general obligation debt outstanding are included in this section. It does not include non-general obligation debt, self-supporting general obligation revenue debt, short-term general obligation debt, or general obligation tax/aid anticipation certificates of indebtedness. 2 Outstanding debt is based on information in Official Statements obtained on EMMA and the Municipal Advisor's records. 3 Minnesota School Districts may qualify for aid from the State of Minnesota through the Debt Service Equalization Formula, School Building Bond Agricultural Credit and Long Term Facilities Maintenance Revenue programs. While some of the districts listed may receive these aids, Ehlers has not attempted to estimate the portion of debt service payments that would be financed by State aids for the purposes of the Bonds. 4 The above debt includes all outstanding general obligation debt supported by taxes of the Metropolitan Council. The Council also has general obligation wastewater revenue, grant anticipation notes and certificates of participation outstanding all of which are supported entirely by revenues and have not been included in the overlapping debt or debt ratios sections. 22 ## DRAFT ## DEBT RATIOS ## G.O. Debt ## Debt/Economic ## Market Value $16,075,800,737 ## Debt/ ## Per Capita 81,347 1 ## Direct G.O. Debt Secured By: ## Sales Tax Revenues*$41,295,000 ## Special Assessments & Taxes12,400,000 ## Tax Abatement Revenues21,430,000 ## Taxes11,765,000 ## Utility Revenues14,255,000 ## Total General Obligation Debt*$101,145,000 ## Less: G.O. Debt Paid Entirely from Revenues 2 (55,550,000) ## Tax Supported General Obligation Debt*$45,595,0000.28%$560.50 ## City's Share of Total Overlapping Debt$385,374,8412.40%$4,737.42 ## Total*$430,969,8412.68%$5,297.92 *Preliminary, subject to change. 1 Estimated 2024 population. 2 Debt service on the City's general obligation revenue debt is being paid entirely from revenues and therefore is considered self-supporting debt. 23 ## DRAFT ## TAX LEVIES, COLLECTIONS AND RATES ## TAX LEVIES AND COLLECTIONS ## Tax Year ## Net Tax ## Levy 1 ## Total Collected ## Following Year ## Collected to Date % Collected 2021/22$41,647,327$41,453,587$41,640,52399.98% 2022/2344,356,96944,168,11544,325,52899.93% 2023/2448,182,93347,905,75148,118,90599.87% 2024/2551,876,68951,430,14051,430,14099.14% 2025/2657,203,515In process of collection Property taxes are collected in two installments in Minnesota--the first by May 15 and the second by October 15. 2 Mobile home taxes are collectible in full by August 31. Minnesota Statutes require that levies (taxes and special assessments) for debt service be at least 105% of the actual debt service requirements to allow for delinquencies. 1 This reflects the Final Levy Certification of the City after all adjustments have been made. 2 Second half tax payments on agricultural property are due on November 15th of each year. 24 ## DRAFT ## TAX CAPACITY RATES 1 2021/222022/232023/242024/252025/26 ## Washington County27.532%23.625%21.991% 23.846%24.449% City of Woodbury32.217%28.599%27.601% 31.163%33.054% ## I.S.D. No. 622 (North St. Paul-Maplewood-Oakdale)32.173%29.825%29.550% 32.002%31.607% I.S.D. No. 833 (South Washington County Schools)33.739%31.296%32.613% 32.973%33.228% I.S.D. No. 834 (Stillwater Area Public Schools)19.502%17.143%22.033% 23.407%22.695% ## Metropolitan Council0.630%0.537%0.590%0.572%0.578% ## Metro Mosquito0.361%0.309%0.301%0.331%0.323% ## Ramsey-Washington Metro Watershed2.918%2.758%2.532%2.864%2.687% ## Regional Rail Authority0.149%0.122%0.109%0.112%0.107% ## South Washington Watershed0.718%0.654%0.632%0.702%0.743% ## Transit District1.056%0.912%0.809%0.972%0.885% ## Valley Branch Watershed3.747%2.977%2.575%2.567%2.571% ## Washington County CDA1.287%1.093%1.024%1.120%1.552% ## Woodbury HRA0.195%0.162%N/A0.160%0.142% ## Referendum Market Value Rates: Washington County0.00308% 0.00261% 0.00235% 0.00236% 0.00228% City of Woodbury0.00551% 0.00466% 0.00419%N/AN/A I.S.D. No. 622 (North St. Paul-Maplewood-Oakdale) 0.15595%0.15048% 0.14839% 0.14887% 0.15187% I.S.D. No. 833 (South Washington County Schools)0.33683% 0.29002% 0.28265% 0.29145% 0.28699% I.S.D. No. 834 (Stillwater Area Public Schools)0.18360% 0.15164% 0.14128% 0.15231% 0.14292% Source: Tax Levies and Collections and Tax Capacity Rates have been furnished by Washington County. ## THE ISSUER ## CITY GOVERNMENT The City was organized as a municipality in 1967. The City operates under a statutory form of government consisting of a five-member City Council of which the Mayor is a voting member. The City Administrator implements and administers City policy, the CFO/Controller is responsible for financial matters, and the City Clerk maintains records. 1 After reduction for State aids. Does not include the statewide general property tax against commercial/industrial, non-homestead resorts and seasonal recreational residential property. 25 ## DRAFT ## EMPLOYEES; PENSIONS; UNIONS The City currently has 295 full-time, 25 part-time, and 188 seasonal employees. All full-time and certain part-time employees of the City are covered by defined benefit pension plans administered by the Public Employee Retirement Association of Minnesota (PERA). PERA administers the General Employees Retirement Fund (GERF) and the Public Employees Police and Fire Fund (PEPFF) which are cost-sharing multiple-employer retirement plans. PERA members belong to either the Coordinated Plan or the Basic Plan. Coordinated members are covered by Social Security. See the Notes to Financial Statements in Appendix A for a detailed description of the Plans. ## Recognized and Certified Bargaining Units ## Bargaining Unit ## Expiration Date of ## Current Contract ## Woodbury Police Officers AssociationDecember 31, 2027 ## International Union of Operating Engineers Local 49December 31, 2027 International Association of FirefightersDecember 31, 2027 ## POST EMPLOYMENT BENEFITS The City has obligations for some post-employment benefits for its employees. Accounting for these obligations is dictated by Governmental Accounting Standards Board Statement No. 75 (GASB 75). The City's most recent Annual Comprehensive Financial Report (Audit) shows a total OPEB liability of $7,998,357 as of December 31, 2024. The City has been funding these obligations on a pay-as-you-go basis. Source: The City's most recent Audit. ## LITIGATION There is no litigation threatened or pending questioning the organization or boundaries of the City or the right of any of its officers to their respective offices or in any manner questioning their rights and power to execute and deliver the Bonds or otherwise questioning the validity of the Bonds. ## MUNICIPAL BANKRUPTCY Municipalities are prohibited from filing for bankruptcy under Chapter 11 (reorganization) or Chapter 7 (liquidation) of the U.S. Bankruptcy Code (11 U.S.C. §§ 101-1532) (the "Bankruptcy Code"). Instead, the Bankruptcy Code permits municipalities to file a petition under Chapter 9 of the Bankruptcy Code, but only if certain requirements are met. These requirements include that the municipality must be "specifically authorized" under State law to file for relief under Chapter 9. For these purposes, "State law" may include, without limitation, statutes of general applicability enacted by the State legislature, special legislation applicable to a particular municipality, and/or executive orders issued by an appropriate officer of the State's executive branch. As of the date hereof, Minnesota Statutes, Section 471.831, as amended, authorizes municipalities to file for bankruptcy relief under Chapter 9 of the Bankruptcy Code. A municipality is defined in United States Code, title 11, section 101, as amended through December 31, 1996, but limited to a county, statutory or home rule charter city, or town; or a housing and redevelopment authority, economic development authority, or rural development financing authority established under Chapter 469, a home rule charter or special law. 26 ## DRAFT FUNDS ON HAND (as of __________, 20__) ## Fund ## Total Cash and Investments ## General ## Special Revenue ## Debt Service ## Capital Projects ## Enterprise Funds ## Internal Service Fund ## Total Funds on Hand$0 27 ## DRAFT ## ENTERPRISE FUNDS Revenues available for debt service on the City's enterprise funds have been as follows as of December 31 each year: 2022 ## Audited 2023 ## Audited 2024 ## Audited ## Water and Sewer ## Total Operating Revenues$17,027,337$18,220,187$18,325,444 ## Less: Operating Expenses(17,335,361)(18,133,038)(20,438,422) ## Operating Income($308,024)$87,149($2,112,978) ## Plus: Depreciation4,430,1054,654,4534,807,776 ## Revenues Available for Debt Service$4,122,081$4,741,602$2,694,798 ## Storm Water ## Total Operating Revenues$2,538,881$2,765,645$3,013,677 ## Less: Operating Expenses(2,523,418)(3,082,176)(3,373,441) ## Operating Income$15,463($316,531)($359,764) ## Plus: Depreciation1,575,9901,670,5961,699,599 ## Revenues Available for Debt Service$1,591,453$1,354,065$1,339,835 ## Eagle Valley Golf Course ## Total Operating Revenues$2,097,871$2,276,042$2,457,733 ## Less: Operating Expenses(1,713,902)(1,838,571)(1,864,657) ## Operating Income$383,969$437,471$593,076 ## Plus: Depreciation251,958249,609265,032 ## Revenues Available for Debt Service$635,927$687,080$858,108 ## Sports Center ## Total Operating Revenues$1,818,883$1,992,645$2,229,741 ## Less: Operating Expenses(2,382,707)(2,363,558)(2,345,404) ## Operating Income($563,824)($370,913)($115,663) ## Plus: Depreciation764,216789,126796,863 ## Revenues Available for Debt Service$200,392$418,213$681,200 ## Street Lighting ## Total Operating Revenues$626,729$647,009$716,435 ## Less: Operating Expenses(655,363)(577,489)(649,689) ## Operating Income($28,634)$69,520$66,746 ## Plus: Depreciation001,941 ## Revenues Available for Debt Service($28,634)$69,520$68,687 28 ## DRAFT ## SUMMARY GENERAL FUND INFORMATION ## COMBINED STATEMENT 2020 ## Audited 2021 ## Audited 2022 ## Audited 2023 ## Audited 2024 ## Audited ## Revenues Property taxes$26,763,947$28,028,928$30,800,590$33,161,444$36,638,287 Licenses and permits4,564,7017,984,5797,922,4016,627,1505,499,142 Lodging taxes00019,67731,610 ## Intergovernmental6,924,7511,774,2101,695,1041,948,0602,913,616 Charges for services1,400,7431,968,3382,028,3662,016,3661,941,475 Fines and forfeitures183,241172,061169,983235,493268,264 Other interest earnings00210,365192,340183,590 Investment income847,18314,489(2,168,105)1,905,5021,980,826 ## Rentals199,988287,334338,633383,380364,970 Other revenues74,234137,27089,435104,91988,687 ## Total Revenues$40,958,788$40,367,209$41,086,772$46,594,331$49,910,467 ## Expenditures General government$6,302,062$6,725,333$7,659,733$7,952,822$9,019,595 Public safety15,349,49614,431,56418,113,14419,641,83621,304,559 Public works6,699,9456,790,1887,491,9638,232,3358,675,619 Community development2,371,4582,616,5172,647,0032,945,6543,144,746 Park and recreation4,270,6695,457,1375,717,9855,837,9306,221,455 Debt service0028,154224,885218,020 Capital outlay553,275125,93113,321228,752261,628 ## Total Expenditures$35,546,905$36,146,670$41,671,303$45,064,214$48,845,622 Excess of revenues over (under) expenditures$5,411,883$4,220,539($584,531)$1,530,117$1,064,845 ## Other Financing Sources (Uses) Issuance of subscription libility$0$0$0$0$261,628 Proceeds from capital leases0013,32100 Issuance of debt00034,2690 Transfers in2,588,2272,710,9225,164,4355,451,8005,821,100 Transfers (out)(7,073,060)(7,472,655)(1,750,627)(6,209,915)(4,123,789) ## Total Other Financing Sources (Uses)($4,484,833)($4,761,733)$3,427,129($723,846)$1,958,939 $927,050($541,194)$2,842,598$806,271$3,023,784 ## General Fund Balance January 1$16,636,919$17,563,969$17,022,775$19,865,373$20,671,644 ## Prior Period Adjustment00000 ## General Fund Balance December 31$17,563,969$17,022,775$19,865,373$20,671,644$23,695,428 ## DETAILS OF DECEMBER 31 FUND BALANCE ## Nonspendable$99,648$99,417$140,959$124,051$505,394 ## Committed2,705,3032,742,0332,714,5472,984,3283,525,060 ## Assigned348,100676,291561,100621,5981,103,344 ## Unassigned14,410,91813,217,70015,855,51516,348,41518,241,378 ## Total$17,563,969$16,735,441$19,272,121$20,078,392$23,375,176 ## Net changes in Fund Balances ## FISCAL YEAR ENDING DECEMBER 31 The following are summaries of the revenues, expenditures and fund balances for the City's General Fund. These summaries are not purported to be the complete audited financial statements of the City, and potential purchasers should read the included financial statements in their entirety for more complete information concerning the City. Copies of the complete statements are available upon request. Appendix A includes the 2024 audited financial statements. 29 ## DRAFT ## GENERAL FUND BUDGET SUMMARY ## COMBINED STATEMENT 2025 ## Adopted ## Budget 2026 ## Unaudited 2026 ## Adopted ## Budget 1 ## Revenues Property taxes$39,896,833$39,574,411$44,381,798 Licenses and permits4,939,2007,411,1454,656,750 Lodging taxes043,9030 ## Intergovernmental2,131,0002,507,9292,379,500 Charges for services1,602,0002,686,500842,800 Fines and forfeitures234,600346,934277,800 Other interest earnings040,6540 Investment income500,0002,238,726650,000 ## Rentals281,1521,138,8001,092,952 Other revenues118,315197,984108,850 ## Total Revenues$49,703,100$56,186,986$54,390,450 ## Expenditures General government$8,735,400$8,048,198$9,433,000 Public safety24,330,00023,806,51728,520,500 Public works11,573,60010,789,84512,498,100 Community development3,800,9003,425,3533,910,700 Park and recreation7,431,6006,793,2317,749,600 ## Total Expenditures$55,871,500$52,863,144$62,111,900 Excess of revenues over (under) expenditures($6,168,400)$3,323,842($7,721,450) ## Other Financing Sources (Uses) Transfers in$6,263,000$6,263,000$7,276,700 Transfers (out)(608,300)(4,674,340)(525,250) ## Total Other Financing Sources (Uses)$5,654,700$1,588,660$6,751,450 ($513,700)$4,912,502($970,000) ## General Fund Balance January 1$23,695,428$23,181,728$23,181,728 ## Prior Period Adjustment000 ## General Fund Balance December 31$23,181,728$28,094,230$22,211,728 1 The 2026 budget was adopted on December 12, 2025. ## Net changes in Fund Balances ## FISCAL YEAR ENDING DECEMBER 31 3030 ## DRAFT ## GENERAL INFORMATION ## LOCATION The City, with a 2020 U.S. Census population of 75,102 and a 2024 population estimate of 81,347, and comprising an area of 36 square miles, is located in Washington County in the Minneapolis-St. Paul metropolitan area, approximately 10 miles southeast of St. Paul, Minnesota. ããThe City is served by Interstate Highways No. 94 and 494, State Highway No. 12, and a system of county highways. Freight service is provided by all major railroads which converge on the Minneapolis-St. Paul metropolitan area and by local and interstate trucking companies. Bus transportation is furnished by the Metropolitan Transit Commission, which provides scheduled service throughout the Minneapolis-St. Paul metropolitan area. Commercial air freight and passenger service are available at the Twin Cities International Airport. Light plane facilities are also available at Twin Cities International and several small private airports in the metropolitan area. ## LARGER EMPLOYERS 1 Larger employers in the City include the following: ## FirmType of Business/Product Estimated No. of Employees Washington CountyCounty government and services1,518 M Health Fairview - Woodwinds CampusHospital, clinic and outpatient services1,013 I.S.D. No. 833 (South Washington County) Elementary and secondary education1,095 City of WoodburyMunicipal government and services508 Ecowater Systems LLCWater softening equipment and services440 ## Woodbury Senior LivingNursing home450 Summit OrthopedicsPhysicians and surgeons389 WalmartRetail store346 IllumifinOutsourcing for insurance industry300 2 TargetDepartment store300 Source:Data Axle Reference Solutions, written and telephone survey, and the Minnesota Department of Employment and Economic Development. 1 This does not purport to be a comprehensive list and is based on available data obtained through a survey of individual employers, as well as the sources identified above. 2 Total number of employees is company wide, 66 employees work at the location in the City. 31 ## DRAFT BUILDING PERMITS (as of ________, 2026) 20222023202420252026 ## New Single Family Homes No. of building permits330386333 ## Valuation$108,390,000$109,402,000$101,922,000 ## New Multiple Family Buildings No. of building permits8495116 ## Valuation$91,260,000$21,229,000 ## New Commercial/Industrial No. of building permits1049 ## Valuation$75,532,000$40,166,000$65,872,000 ## All Building Permits (including additions and remodelings) No. of building permits10,5109,4476,317 ## Valuation$553,924,824$390,824,175$336,542,848 Source:The City. ## U.S. CENSUS DATA ## Population Trend: The City 2010 U.S. Census population61,961 2020 U.S. Census population75,102 Percent of Change 2010 - 202021.21% ## 2024 State Demographer Population Estimate81,347 32 ## DRAFT ## Income and Age Statistics ## The ## City ## Washington ## County State of ## Minnesota ## United ## States 2024 per capita income$60,068$56,954$48,237$44,673 2024 median household income$125,310$115,345$89,062$80,734 2024 median family income$147,072$135,522$113,993$99,999 2024 median gross rent$1,908$1,710$1,280$1,413 2024 median value owner occupied units$450,200$422,000$329,300$332,700 2024 median age38.0 yrs.39.8 yrs.38.8 yrs.38.9 yrs. ## State of MinnesotaUnited States City % of 2024 per capita income124.53%134.46% City % of 2024 median family income129.02%147.07% ## Housing Statistics ## The City 20202024Percent of Change ## All Housing Units27,29030,40811.43% Source:2010 and 2020 Census of Population and Housing, and 2024 American Community Survey (Based on a five-year estimate), U.S. Census Bureau (https://data.census.gov ), and 2024 Population Estimates, ## Metropolitan Council (https://metrocouncil.org/ ). ## EMPLOYMENT/UNEMPLOYMENT DATA Rates are not compiled for individual communities within counties. ## Average Employment ## Average Unemployment ## YearWashington CountyWashington CountyState of Minnesota 2022 144,0402.1%2.5% 2023146,0292.4%2.8% 2024 146,2412.7%3.0% 2025147,9733.4%3.9% 2026, March144,0034.2%4.9% Source: Minnesota Department of Employment and Economic Development. 33 ## DRAFT ## APPENDIX A ## FINANCIAL STATEMENTS Potential purchasers should read the included financial statements in their entirety for more complete information concerning the City's financial position. Such financial statements have been audited by the Auditor, to the extent and for the periods indicated thereon. The City has not requested or engaged the Auditor to perform, and the Auditor has not performed, any additional examination, assessments, procedures or evaluation with respect to such financial statements since the date thereof or with respect to this Preliminary Official Statement, nor has the City requested that the Auditor consent to the use of such financial statements in this Preliminary Official Statement. Although the inclusion of the financial statements in this Preliminary Official Statement is not intended to demonstrate the fiscal condition of the City since the date of the financial statements, in connection with the issuance of the Bonds, the City represents that there have been no material adverse change in the financial position or results of operations of the City, nor has the City incurred any material liabilities, which would make such financial statements misleading. Copies of the complete audited financial statements for the past three years and the current budget are available upon request from Ehlers. ## A-1 ## DRAFT ## APPENDIX B ## FORM OF LEGAL OPINION (See following pages) ## B-1 ## DRAFT ## APPENDIX C ## BOOK-ENTRY-ONLY SYSTEM 1.The Depository Trust Company ("DTC"), New York, New York, will act as securities depository for the securities (the "Securities"). The Securities will be issued as fully-registered securities registered in the name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully-registered Security certificate will be issued for [each issue of] the Securities, [each] in the aggregate principal amount of such issue, and will be deposited with DTC. [If, however, the aggregate principal amount of [any] issue exceeds $500 million, one certificate will be issued with respect to each $500 million of principal amount, and an additional certificate will be issued with respect to any remaining principal amount of such issue.] 2. DTC, the world's largest securities depository, is a limited-purpose trust company organized under the New York Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code, and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC's participants ("Direct Participants") deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants' accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation ("DTCC"). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly ("Indirect Participants"). DTC has a Standard & Poor's rating of AA+. The DTC Rules applicable to its Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com. 3. Purchases of Securities under the DTC system must be made by or through Direct Participants, which will receive a credit for the Securities on DTC's records. The ownership interest of each actual purchaser of each Security ("Beneficial Owner") is in turn to be recorded on the Direct and Indirect Participants' records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Securities are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in Securities, except in the event that use of the book-entry system for the Securities is discontinued. 4. To facilitate subsequent transfers, all Securities deposited by Direct Participants with DTC are registered in the name of DTC's partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of Securities with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Securities; DTC's records reflect only the identity of the Direct Participants to whose accounts such Securities are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers. ## C-1 ## DRAFT 5. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. [Beneficial Owners of Securities may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Securities, such as redemptions, tenders, defaults, and proposed amendments to the Security documents. For example, Beneficial Owners of Securities may wish to ascertain that the nominee holding the Securities for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies of notices be provided directly to them.] 6. Redemption notices shall be sent to DTC. If less than all of the Securities within an issue are being redeemed, DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such issue to be redeemed. 7. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Securities unless authorized by a Direct Participant in accordance with DTC's MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to City as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to those Direct Participants to whose accounts Securities are credited on the record date (identified in a listing attached to the Omnibus Proxy). 8. Redemption proceeds, distributions, and dividend payments on the Securities will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit Direct Participants' accounts upon DTC's receipt of funds and corresponding detail information from the City or Agent, on payable date in accordance with their respective holdings shown on DTC's records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in "street name," and will be the responsibility of such Participant and not of DTC, Agent, or the City, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the City or Agent, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. 9. A Beneficial Owner shall give notice to elect to have its Securities purchased or tendered, through its Participant, to [Tender/Remarketing] Agent, and shall effect delivery of such Securities by causing the Direct Participant to transfer the Participant's interest in the Securities, on DTC's records, to [Tender/Remarketing] Agent. The requirement for physical delivery of Securities in connection with an optional tender or a mandatory purchase will be deemed satisfied when the ownership rights in the Securities are transferred by Direct Participants on DTC's records and followed by a book-entry credit of tendered Securities to [Tender/Remarketing] Agent's DTC account. 10.DTC may discontinue providing its services as depository with respect to the Securities at any time by giving reasonable notice to the City or Agent. Under such circumstances, in the event that a successor depository is not obtained, Security certificates are required to be printed and delivered. 11.The City may decide to discontinue use of the system of book-entry-only transfers through DTC (or a successor securities depository). In that event, Security certificates will be printed and delivered to DTC. 12.The information in this section concerning DTC and DTC's book-entry system has been obtained from sources that the City believes to be reliable, but the City takes no responsibility for the accuracy thereof. ## C-2 ## DRAFT ## APPENDIX D ## FORM OF CONTINUING DISCLOSURE CERTIFICATE (See following pages) ## D-1 ## DRAFT ## APPENDIX E ## TERMS OF PROPOSAL ## $41,295,000* GENERAL OBLIGATION SALES TAX REVENUE BONDS, SERIES 2026A ## CITY OF WOODBURY, MINNESOTA Proposals for the purchase of $41,295,000* General Obligation Sales Tax Revenue Bonds, Series 2026A (the "Bonds") of the City of Woodbury, Minnesota (the "City") will be received at the offices of Ehlers and Associates, Inc. ("Ehlers"), 3001 Broadway Street, Suite 320, Minneapolis, Minnesota 55413, municipal advisors to the City, until 10:00 A.M., Central Time, and ELECTRONIC PROPOSALS will be received via PARITY, in the manner described below, until 10:00 A.M., Central Time, on June 24, 2026, at which time they will be opened, read and tabulated. The proposals will be presented to the City Council for consideration for award by resolution at a meeting to be held at 7:30 P.M., Central Time, on the same date. The proposal offering to purchase the Bonds upon the terms specified herein and most favorable to the City will be accepted unless all proposals are rejected. ## AUTHORITY; PURPOSE; SECURITY The Bonds are being issued pursuant to Minnesota Statutes, Chapter 475, as amended, and Minnesota Session Laws of 2023, Regular Session, Chapter 64, Article 10, Section 50, by the City, for the purpose of financing the remodeling and expansion of the City's Public Safety Campus. The Bonds will be general obligations of the City, for which its full faith, credit and taxing powers are pledged. ## DATES AND MATURITIES The Bonds will be dated July 16, 2026, will be issued as fully registered Bonds in the denomination of $5,000 each, or any integral multiple thereof, and will mature on February 1 as follows: ## Year ## Amount*YearAmount*YearAmount* 2028$3,580,0002032$4,030,0002036$4,610,000 20293,680,00020334,160,00020374,790,000 20303,790,00020344,300,000 20313,905,00020354,450,000 ## ADJUSTMENT OPTION The City reserves the right to increase or decrease the principal amount of the Bonds on the day of sale, in increments of $5,000 each. Increases or decreases may be made in any maturity. If any principal amounts are adjusted, the purchase price proposed will be adjusted to maintain the same gross spread per $1,000. ## TERM BOND OPTION Proposals for the Bonds may contain a maturity schedule providing for any combination of serial bonds and term bonds, subject to mandatory redemption, so long as the amount of principal maturing or subject to mandatory redemption in each year conforms to the maturity schedule set forth above. All dates are inclusive. ## E-1 ## DRAFT ## INTEREST PAYMENT DATES AND RATES Interest will be payable on February 1 and August 1 of each year, commencing February 1, 2027, to the registered owners of the Bonds appearing of record in the bond register as of the close of business on the 15th day (whether or not a business day) of the immediately preceding month. Interest will be computed upon the basis of a 360-day year of twelve 30-day months and will be rounded pursuant to rules of the Municipal Securities Rulemaking Board. The rate for any maturity may not be more than 2.00% less than the rate for any preceding maturity. (For example, if a rate of 4.50% is proposed for the 2028 maturity, then the lowest rate that may be proposed for any later maturity is 2.50%.) All Bonds of the same maturity must bear interest from date of issue until paid at a single, uniform rate. Each rate must be expressed in an integral multiple of 5/100 or 1/8 of 1%. ## BOOK-ENTRY-ONLY FORMAT Unless otherwise specified by the purchaser, the Bonds will be designated in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York ("DTC"). DTC will act as securities depository for the Bonds, and will be responsible for maintaining a book-entry system for recording the interests of its participants and the transfers of interests between its participants. The participants will be responsible for maintaining records regarding the beneficial interests of the individual purchasers of the Bonds. So long as Cede & Co. is the registered owner of the Bonds, all payments of principal and interest will be made to the depository which, in turn, will be obligated to remit such payments to its participants for subsequent disbursement to the beneficial owners of the Bonds. ## PAYING AGENT The City has selected U.S. Bank Trust Company, National Association, St. Paul, Minnesota, to act as paying agent (the "Paying Agent"). The City will pay the charges for Paying Agent services. The City reserves the right to remove the Paying Agent and to appoint a successor. ## OPTIONAL REDEMPTION At the option of the City, the Bonds maturing on or after February 1, 2035 shall be subject to optional redemption prior to maturity on February 1, 2034 or any date thereafter, at a price of par plus accrued interest to the date of optional redemption. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the selection of the amounts and maturities of the Bonds to be redeemed shall be at the discretion of the City. If only part of the Bonds having a common maturity date are called for redemption, then the City or Paying Agent, if any, will notify DTC of the particular amount of such maturity to be redeemed. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interest in such maturity to be redeemed. Notice of redemption shall be sent by mail not more than 60 days and not less than 30 days prior to the date fixed for redemption to the registered owner of each Bond to be redeemed at the address shown on the registration books. ## DELIVERY On or about July 16, 2026, the Bonds will be delivered without cost to the winning bidder at DTC. On the day of closing, the City will furnish to the winning bidder the opinion of bond counsel hereinafter described, an arbitrage certification, and certificates verifying that no litigation in any manner questioning the validity of the Bonds is then pending or, to the best knowledge of officers of the City, threatened. Payment for the Bonds must be received by the City at its designated depository on the date of closing in immediately available funds. ## E-2 ## DRAFT ## LEGAL OPINION An opinion as to the validity of the Bonds and the exemption from taxation of the interest thereon will be furnished by Kutak Rock LLP, Minneapolis, Minnesota, Bond Counsel to the City ("Bond Counsel"), and will be available at the time of delivery of the Bonds. The legal opinion will state that the Bonds are valid and binding general obligations of the City; provided that the rights of the owners of the Bonds and the enforceability of the Bonds may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting creditors' rights and by equitable principles (which may be applied in either a legal or equitable proceeding). See "FORM OF LEGAL OPINION" found in Appendix B. Bond Counsel has not participated in the preparation of this Official Statement and is not passing upon its accuracy, completeness, or sufficiency. Bond Counsel has not examined or verified, nor attempted to examine or verify, any of the financial or statistical statements or data contained in this Official Statement and will express no opinion with respect thereto. ## SUBMISSION OF PROPOSALS Proposals must not be for less than $40,964,640 plus accrued interest on the principal sum of $41,295,000 from date of original issue of the Bonds to date of delivery. Prior to the time established above for the opening of proposals, interested parties may submit a proposal as follows: 1)Electronically to bondsale@ehlers-inc.com ; or 2) Electronically via PARITY in accordance with this Terms of Proposal until 10:00 A.M., Central Time, but no proposal will be received after the time for receiving proposals specified above. To the extent any instructions or directions set forth in PARITY conflict with this Terms of Proposal, the terms of this Terms of Proposal shall control. For further information about PARITY, potential bidders may contact IHS Markit (now part of S&P Global) at https://ihsmarkit.com/products/municipal-issuance.html or via telephone (844) 301-7334. Proposals must be submitted to Ehlers via one of the methods described above and must be received prior to the time established above for the opening of proposals. Each proposal must be unconditional except as to legality. Neither the City nor Ehlers shall be responsible for any failure to receive a facsimile submission. A good faith deposit ("Deposit") in the amount of $825,900 shall be made by the winning bidder by wire transfer of funds. Such Deposit shall be received by Ehlers no later than two hours after the proposal opening time. Wire transfer instructions will be provided to the winning bidder by Ehlers after the tabulation of proposals. The City reserves the right to award the Bonds to a winning bidder whose wire transfer is initiated but not received by such time provided that such winning bidder's federal wire reference number has been received by such time. In the event the Deposit is not received as provided above, the City may award the Bonds to the bidder submitting the next best proposal provided such bidder agrees to such award. The Deposit will be retained by the City as liquidated damages if the proposal is accepted and the Purchaser fails to comply therewith. The City and the winning bidder who chooses to so wire the Deposit hereby agree irrevocably that Ehlers shall be the escrow holder of the Deposit wired to such account subject only to these conditions and duties: 1) All income earned thereon shall be retained by the escrow holder as payment for its expenses; 2) If the proposal is not accepted, Ehlers shall, at its expense, promptly return the Deposit amount to the winning bidder; 3) If the proposal is accepted, the Deposit shall be returned to the winning bidder at the closing; 4) Ehlers shall bear all costs of maintaining the escrow account and returning the funds to the winning bidder; 5) Ehlers shall not be an insurer of the Deposit amount and shall have no liability hereunder except if it willfully fails to perform or recklessly disregards, its duties specified herein; and 6) FDIC insurance on deposits within the escrow account shall be limited to $250,000 per bidder. ## E-3 ## DRAFT No proposal can be withdrawn after the time set for receiving proposals unless the meeting of the City scheduled for award of the Bonds is adjourned, recessed, or continued to another date without award of the Bonds having been made. ## AWARD The Bonds will be awarded to the bidder offering the lowest interest rate to be determined on a True Interest Cost (TIC) basis. The City's computation of the interest rate of each proposal, in accordance with customary practice, will be controlling. In the event of a tie, the sale of the Bonds will be awarded by lot. The City reserves the right to reject any and all proposals and to waive any informality in any proposal. ## BOND INSURANCE If the Bonds are qualified for any bond insurance policy, the purchase of such policy shall be at the sole option and expense of the winning bidder. Any cost for such insurance policy is to be paid by the winning bidder, except that, if the City requested and received a rating on the Bonds from a rating agency, the City will pay that rating fee. Any rating agency fees not requested by the City are the responsibility of the winning bidder. Failure of the municipal bond insurer to issue the policy after the Bonds are awarded to the winning bidder shall not constitute cause for failure or refusal by the winning bidder to accept delivery of the Bonds. ## CUSIP NUMBERS The City will assume no obligation for the assignment or printing of CUSIP numbers on the Bonds or for the correctness of any numbers printed thereon, but will permit such numbers to be printed at the expense of the winning bidder, if the winning bidder waives any delay in delivery occasioned thereby. ## NOT QUALIFIED TAX-EXEMPT OBLIGATIONS The Bonds shall not be "qualified tax-exempt obligations" pursuant to Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. ## CONTINUING DISCLOSURE In order to assist the Underwriter (Syndicate Manager) in complying with the provisions of Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934 the City will enter into an undertaking for the benefit of the holders of the Bonds. A description of the details and terms of the undertaking is set forth in Appendix D of the Preliminary Official Statement. ## NEW ISSUE PRICING The winning bidder will be required to provide, in a timely manner, certain information necessary to compute the yield on the Bonds pursuant to the provisions of the Internal Revenue Code of 1986, as amended, and to provide a certificate which will be provided by Bond Counsel upon request. (a)The winning bidder shall assist the City in establishing the issue price of the Bonds and shall execute and deliver to the City at closing an "issue price" or similar certificate satisfactory to Bond Counsel setting forth the reasonably expected initial offering price to the public or the sales price or prices of the Bonds, together with the supporting pricing wires or equivalent communications. All actions to be taken by the City under this Terms of Proposal to establish the issue price of the Bonds may be taken on behalf of the City by the City's municipal advisor identified herein and any notice or report to be provided to the City may be provided to the City's municipal advisor. ## E-4 ## DRAFT (b)The City intends that the provisions of Treasury Regulation Section 1.148-1(f)(3)(i) (defining "competitive sale" for purposes of establishing the issue price of the Bonds) will apply to the initial sale of the Bonds (the "competitive sale requirements") because: (1)The City shall disseminate this Terms of Proposal to potential underwriters in a manner that is reasonably designed to reach potential investors; (2)all bidders shall have an equal opportunity to bid; (3)the City may receive proposals from at least three underwriters of municipal bonds who have established industry reputations for underwriting new issuances of municipal bonds; and (4)the City anticipates awarding the sale of the Bonds to the bidder who submits a firm offer to purchase the Bonds at the highest price (or lowest interest cost), as set forth in this Terms of Proposal. Any proposal submitted pursuant to this Terms of Proposal shall be considered a firm offer for the purchase of the Bonds, as specified in this proposal. (c)If all of the requirements of a "competitive sale" are not satisfied, the City shall advise the winning bidder of such fact prior to the time of award of the sale of the Bonds to the winning bidder. In such event, any proposal submitted will not be subject to cancellation or withdrawal and the City agrees to use the rule selected by the winning bidder on its proposal form to determine the issue price for the Bonds. On its proposal form, each bidder must select one of the following two rules for determining the issue price of the Bonds: (1) the first price at which 10% of a maturity of the Bonds (the "10% test") is sold to the public as the issue price of that maturity or (2) the initial offering price to the public as of the sale date as the issue price of each maturity of the Bonds (the "hold-the-offering-price rule"). (d)If all of the requirements of a "competitive sale" are not satisfied and the winning bidder selects the hold-the- offering-price rule, the winning bidder shall (i) confirm that the underwriters have offered or will offer the Bonds to the public on or before the date of award at the offering price or prices (the "initial offering price"), or at the corresponding yield or yields, set forth in the proposal submitted by the winning bidder and (ii) agree, on behalf of the underwriters participating in the purchase of the Bonds, that the underwriters will neither offer nor sell unsold Bonds of any maturity to which the hold-the-offering-price rule shall apply to any person at a price that is higher than the initial offering price to the public during the period starting on the sale date and ending on the earlier of the following: (1) the close of the fifth (5 th ) business day after the sale date; or (2) the date on which the underwriters have sold at least 10% of that maturity of the Bonds to the public at a price that is no higher than the initial offering price to the public. The winning bidder will advise the City promptly after the close of the fifth (5 th ) business day after the sale whether it has sold 10% of that maturity of the Bonds to the public at a price that is no higher than the initial offering price to the public. The City acknowledges that in making the representation set forth above, the winning bidder will rely on: (i) the agreement of each underwriter to comply with requirements for establishing issue price of the Bonds, including, but not limited to, its agreement to comply with the hold-the-price rule, if applicable to the Bonds, as set forth in an agreement among underwriters and the related pricing wires, ## E-5 ## DRAFT (ii) in the event a selling group has been created in connection with the initial sale of the Bonds to the public, the agreement of each dealer who is a member of the selling group to comply with the requirements for establishing issue price of the Bonds, including, but not limited to, its agreement to comply with the hold-the-offering-price rule, if applicable to the Bonds, as set forth in a selling group agreement and the related pricing wires, and (iii) in the event that an underwriter or dealer who is a member of the selling group is a party to a third-party distribution agreement that was employed in connection with the initial sale of the Bonds to the public, the agreement of each broker-dealer that is party to such agreement to comply with the requirements for establishing issue price of the Bonds, including, but not limited to, its agreement to comply with the hold-the-offering-price rule, if applicable to the Bonds, as set forth in the third-party distribution agreement and the related pricing wires. The City further acknowledges that each underwriter shall be solely liable for its failure to comply with its agreement regarding the requirements for establishing issue price rule of the Bonds, including, but not limited to, its agreement to comply with the hold-the-offering-price rule, if applicable to the Bonds, and that no underwriter shall be liable for the failure of any other underwriter, or of any dealer who is a member of a selling group, or of any broker-dealer that is a party to a third-party distribution agreement to comply with its corresponding agreement to comply with the requirements for establishing issue price of the Bonds, including, but not limited to, its agreement to comply with the hold-the-offering- price rule as applicable to the Bonds. (e) If all of the requirements of a "competitive sale" are not satisfied and the winning bidder selects the 10% test , the winning bidder agrees to promptly report to the City, Bond Counsel and Ehlers the prices at which the Bonds have been sold to the public. That reporting obligation shall continue, whether or not the closing date has occurred, until either (i) all Bonds of that maturity have been sold or (ii) the 10% test has been satisfied as to each maturity of the Bonds, provided that, the winning bidder's reporting obligation after the Closing Date may be at reasonable periodic intervals or otherwise upon request of the City or bond counsel. (f)By submitting a proposal, each bidder confirms that: (i) any agreement among underwriters, any selling group agreement and each third-party distribution agreement (to which the bidder is a party) relating to the initial sale of the Bonds to the public, together with the related pricing wires, contains or will contain language obligating each underwriter, each dealer who is a member of the selling group, and each broker-dealer that is party to such third-party distribution agreement, as applicable, to: (A) report the prices at which it sells to the public the unsold Bonds of each maturity allocated to it, whether or not the Closing Date has occurred until either all securities of that maturity allocated to it have been sold or it is notified by the winning bidder that either the 10% test has been satisfied as to the Bonds of that maturity, provided that, the reporting obligation after the Closing Date may be at reasonable periodic intervals or otherwise upon request of the City or bond counsel. (B) comply with the hold-the-offering-price rule, if applicable, in each case if and for so long as directed by the winning bidder and as set forth in the related pricing wires, and (ii) any agreement among underwriters or selling group agreement relating to the initial sale of the Bonds to the public, together with the related pricing wires, contains or will contain language obligating each underwriter, each dealer who is a member of the selling group and each broker dealer that is a party to a third-party distribution agreement to be employed in connection with the initial sale of the Bonds to the public to require each broker-dealer that is a party to such third-party distribution agreement to: (A) to promptly notify the winning bidder of any sales of Bonds that, to its knowledge, are made to a purchaser who is a related party to an underwriter participating in the initial sale of the Bonds to the public (each such term being used as defined below), and (B) to acknowledge that, unless otherwise advised by the underwriter, dealer or broker-dealer, the winning bidder shall assume that each order submitted by the underwriter, dealer or broker-dealer is a sale to the public. ## E-6 ## DRAFT (g)Sales of any Bonds to any person that is a related party to an underwriter participating in the initial sale of the Bonds to the public (each term being used as defined below) shall not constitute sales to the public for purposes of this Terms of Proposal. Further, for purposes of this Terms of Proposal: (i)"public" means any person other than an underwriter or a related party, (ii)"underwriter" means (A) any person that agrees pursuant to a written contract with the City (or with the lead underwriter to form an underwriting syndicate) to participate in the initial sale of the Bonds to the public and (B) any person that agrees pursuant to a written contract directly or indirectly with a person described in clause (A) to participate in the initial sale of the Bonds to the public (including a member of a selling group or a party to a third-party distribution agreement participating in the initial sale of the Bonds to the public), (iii)a purchaser of any of the Bonds is a "related party" to an underwriter if the underwriter and the purchaser are subject, directly or indirectly, to (A) more than 50% common ownership of the voting power or the total value of their stock, if both entities are corporations (including direct ownership by one corporation of another), (B) more than 50% common ownership of their capital interests or profits interests, if both entities are partnerships (including direct ownership by one partnership of another), or (C) more than 50% common ownership of the value of the outstanding stock of the corporation or the capital interests or profit interests of the partnership, as applicable, if one entity is a corporation and the other entity is a partnership (including direct ownership of the applicable stock or interests by one entity of the other), and (iv)"sale date" means the date that the Bonds are awarded by the City to the winning bidder. ## PRELIMINARY OFFICIAL STATEMENT Bidders may obtain a copy of the Preliminary Official Statement relating to the Bonds prior to the proposal opening by request from Ehlers at www.ehlers-inc.com by connecting to the Bond Sales link. The Underwriter (Syndicate Manager) will be provided with an electronic copy of the Final Official Statement within seven business days of the proposal acceptance. Up to 10 printed copies of the Final Official Statement will be provided upon request. Additional copies of the Final Official Statement will be available at a cost of $10.00 per copy. Information for bidders and proposal forms may be obtained from Ehlers at 3001 Broadway Street, Suite 320, Minneapolis, Minnesota 55413, Telephone (651) 697-8500. ## By Order of the City Council ## City of Woodbury, Minnesota ## E-7 ## DRAFT ## PROPOSAL FORM ## The City CouncilJune 24, 2026 City of Woodbury, Minnesota (the "City") RE:$41,295,000* General Obligation Sales Tax Revenue Bonds, Series 2026A (the "Bonds") DATED:July 16, 2026 For all or none of the above Bonds, in accordance with the Terms of Proposal and terms of the Global Book-Entry System (unless otherwise specified by the Purchaser) as stated in this Official Statement, we will pay you $__________________ (not less than $40,964,640) plus accrued interest to date of delivery for fully registered Bonds bearing interest rates and maturing in the stated years as follows: % due2028% due2032% due2036 % due2029% due2033% due2037 % due2030% due2034 % due2031% due2035 The City reserves the right to increase or decrease the principal amount of the Bonds on the day of sale, in increments of $5,000 each. Increases or decreases may be made in any maturity. If any principal amounts are adjusted, the purchase price proposed will be adjusted to maintain the same gross spread per $1,000. The rate for any maturity may not be more than 2.00% less than the rate for any preceding maturity. (For example, if a rate of 4.50% is proposed for the 2028 maturity, then the lowest rate that may be proposed for any later maturity is 2.50%.) All Bonds of the same maturity must bear interest from date of issue until paid at a single, uniform rate. Each rate must be expressed in an integral multiple of 5/100 or 1/8 of 1%. A good faith deposit ("Deposit") in the amount of $825,900 shall be made by the winning bidder by wire transfer of funds. Such Deposit shall be received by Ehlers no later than two hours after the proposal opening time. Wire transfer instructions will be provided to the winning bidder by Ehlers after the tabulation of proposals. The City reserves the right to award the Bonds to a winning bidder whose wire transfer is initiated but not received by such time provided that such winning bidder's federal wire reference number has been received by such time. In the event the Deposit is not received as provided above, the City may award the Bonds to the bidder submitting the next best proposal provided such bidder agrees to such award. The Deposit will be retained by the City as liquidated damages if the proposal is accepted and the Purchaser fails to comply therewith. We agree to the conditions and duties of Ehlers and Associates, Inc., as escrow holder of the Deposit, pursuant to the Terms of Proposal. This proposal is for prompt acceptance and is conditional upon delivery of said Bonds to The Depository Trust Company, New York, New York, in accordance with the Terms of Proposal. Delivery is anticipated to be on or about July 16, 2026. This proposal is subject to the City's agreement to enter into a written undertaking to provide continuing disclosure under Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934 as described in the Preliminary Official Statement for the Bonds. We have received and reviewed the Official Statement, and any addenda thereto, and have submitted our requests for additional information or corrections to the Final Official Statement. As Underwriter (Syndicate Manager), we agree to provide the City with the reoffering price of the Bonds within 24 hours of the proposal acceptance. This proposal is a firm offer for the purchase of the Bonds identified in the Terms of Proposal, on the terms set forth in this proposal form and the Terms of Proposal, and is not subject to any conditions, except as permitted by the Terms of Proposal. By submitting this proposal, we confirm that we are an underwriter and have an established industry reputation for underwriting new issuances of municipal bonds. YES: ____ NO: ____. If the competitive sale requirements are not met, we elect to use either the: _____10% test, or the _____hold-the-offering-price rule to determine the issue price of the Bonds. ## Account Manager:By: ## Account Members: Award will be on a true interest cost basis. According to our computations (the correct computation being controlling in the award), the total dollar interest cost (including any discount or less any premium) computed from July 16, 2026 of the above proposal is $_______________and the true interest cost (TIC) is __________%. The foregoing offer is hereby accepted by and on behalf of the City Council of the City of Woodbury, Minnesota, on June 24, 2026. ## By:By: ## Title:Title: June 24, 2026 ## SALE DAY REPORT FOR: ## City of Woodbury, Minnesota ## $41,295,000 General Obligation Sales Tax Revenue ## Bonds, Series 2026A Prepared by: ## Ehlers ## 3001 Broadway Street, Suite 320 ## Minneapolis, MN 55413 ## Jason Aarsvold, ## Senior Municipal Advisor ## Stacie Kvilvang, ## Senior Municipal Advisor ## BUILDING COMMUNITIES. IT’S WHAT WE DO. ## Sale Day Report for City of Woodbury, Minnesota 1 ## Competitive Sale Results PURPOSE: For the purpose of financing the remodeling and expansion of the City's Public Safety Campus. ## RATING: S&P Global Ratings "AAA" / Stable ## NUMBER OF BIDS: 5 ## LOW BIDDER: Baird, Milwaukee, Wisconsin ## COMPARISON FROM LOWEST TO HIGHEST BID: (TIC as bid) ## LOW BID:* 3.1728% ## HIGH BID: 3.2324% ## Summary of Sale Results: ## Principal Amount*: $41,295,000 ## Underwriter’s Discount: $317,944 ## Reoffering Premium: $4,126,221 ## True Interest Cost: 3.1825% Costs of Issuance: $152,325 Yield: 2.45%-3.35% ## Total Net P&I $54,060,558 ## NOTES: U.S. Bank Trust Company, National Association, St. Paul, Minnesota will serve as Paying Agent on the Bonds. The Bonds maturing February 1, 2035, and thereafter are callable February 1, 2034, or any date thereafter. ## CLOSING DATE: July 16, 2026 ## CITY COUNCIL ## ACTION: Adopt a resolution awarding the sale of $41,295,000 General Obligation Sales Tax Revenue Bonds, Series 2026A. ## Sale Day Report for City of Woodbury, Minnesota 2 ## SUPPLEMENTARY ATTACHMENTS ## • Bid Tabulation • Sources and Uses of Funds ## • Updated Debt Service Schedules ## • Rating Report ## • Bond Resolution (Distributed in City Council Packets) ## BID TABULATION ## $41,295,000 General Obligation Sales Tax Revenue Bonds, Series 2026A ## City of Woodbury, Minnesota SALE: June 24, 2026 ## AWARD: BAIRD ## Rating: S&P Global Ratings "AAA" / Stable ## Tax Exempt - Non-Bank Qualified ## NAME OF INSTITUTION ## MATURITY (February 1) ## COUPON ## RATE ## REOFFERING ## YIELD ## PRICE ## TRUE ## INTEREST ## RATE ## BAIRD $45,071,017.00 3.1728% Milwaukee, Wisconsin 2028 5.000% 2.450% ## C.L. King & Associates ## Colliers Securities LLC ## Edward Jones Northland Securities, Inc. ## SouthState Securities Crews & Associates, Inc. ## CADZ Securities Inc ## Alliance Global Partners ## Isaak Bond Investments, Inc ## Celadon Financial Group, LLC ## Midland Securities FMS Bonds Inc. Multi Bank Securities Inc. ## First Southern LLC ## Dinosaur Financial Group First Bankers' Banc Securities, Inc. ## Mountainside Securities LLC StoneX Financial Inc. ## InspereX ## Blaylock Van, LLC ## Falcon Square Capital Caldwell Sutter Capital, Inc. ZIONS BANK, division of ZB, N.A. ## Institutional Bond Network LLC BOK Financial Securities, Inc. 2029 5.000% 2.540% 2030 5.000% 2.600% 2031 5.000% 2.680% 2032 5.000% 2.740% 2033 5.000% 2.830% 2034 5.000% 2.870% 2035 5.000% 2.950% 2036 5.000% 3.030% 2037 4.000% 3.350% * Subsequent to bid opening the individual maturity amounts were adjusted. Adjusted Price: $45,103,276.75 Adjusted Net Interest Cost: $8,957,281.58 Adjusted TIC: 3.1825% ## NAME OF INSTITUTION ## TRUE ## INTEREST ## RATE ## Bid Tabulation June 24, 2026 ## City of Woodbury, Minnesota $41,295,000 General Obligation Sales Tax Revenue Bonds, Series 2026A Page 2 ## JEFFERIES LLC 3.1769% ## New York, New York ## J.P. MORGAN SECURITIES LLC 3.1863% ## New York, New York ## WELLS FARGO BANK, NATIONAL ## ASSOCIATION 3.2299% ## Charlotte, North Carolina ## FHN FINANCIAL CAPITAL ## MARKETS 3.2324% ## Memphis, Tennessee ## City of Woodbury, Minnesota ## $41,295,000 General Obligation Sales Tax Revenue Bonds, Series 2026A ## Public Safety Campus ## Sources & Uses Dated 07/16/2026 | Delivered 07/16/2026 ## Sources Of Funds ## Par Amount of Bonds$41,295,000.00 ## Reoffering Premium4,126,220.50 ## Total Sources $45,421,220.50 ## Uses Of Funds ## Total Underwriter's Discount (0.770%)317,943.75 ## Costs of Issuance152,325.00 ## Deposit to Project Construction Fund44,950,951.75 ## Total Uses $45,421,220.50 Series 2026A GO Sales Tax | SINGLE PURPOSE | 6/24/2026 | 10:21 AM ## City of Woodbury, Minnesota ## $41,295,000 General Obligation Sales Tax Revenue Bonds, Series 2026A ## Public Safety Campus ## Debt Service Schedule ## DatePrincipalCouponInterestTotal P+IFiscal Total 07/16/2026----- 02/01/2027--1,090,808.331,090,808.331,090,808.33 08/01/2027--1,006,900.001,006,900.00- 02/01/20283,285,000.005.000%1,006,900.004,291,900.005,298,800.00 08/01/2028--924,775.00924,775.00- 02/01/20293,445,000.005.000%924,775.004,369,775.005,294,550.00 08/01/2029--838,650.00838,650.00- 02/01/20303,620,000.005.000%838,650.004,458,650.005,297,300.00 08/01/2030--748,150.00748,150.00- 02/01/20313,800,000.005.000%748,150.004,548,150.005,296,300.00 08/01/2031--653,150.00653,150.00- 02/01/20323,990,000.005.000%653,150.004,643,150.005,296,300.00 08/01/2032--553,400.00553,400.00- 02/01/20334,190,000.005.000%553,400.004,743,400.005,296,800.00 08/01/2033--448,650.00448,650.00- 02/01/20344,400,000.005.000%448,650.004,848,650.005,297,300.00 08/01/2034--338,650.00338,650.00- 02/01/20354,620,000.005.000%338,650.004,958,650.005,297,300.00 08/01/2035--223,150.00223,150.00- 02/01/20364,850,000.005.000%223,150.005,073,150.005,296,300.00 08/01/2036--101,900.00101,900.00- 02/01/20375,095,000.004.000%101,900.005,196,900.005,298,800.00 ## Total$41,295,000.00-$12,765,558.33$54,060,558.33- ## Yield Statistics ## Bond Year Dollars$266,053.13 ## Average Life6.443 Years ## Average Coupon4.7981238% ## Net Interest Cost (NIC)3.3667267% ## True Interest Cost (TIC)3.1825055% ## Bond Yield for Arbitrage Purposes2.9124735% ## All Inclusive Cost (AIC)3.2439397% ## IRS Form 8038 ## Net Interest Cost2.9365534% ## Weighted Average Maturity6.477 Years Series 2026A GO Sales Tax | SINGLE PURPOSE | 6/24/2026 | 10:21 AM ## City of Woodbury, Minnesota ## $41,295,000 General Obligation Sales Tax Revenue Bonds, Series 2026A ## Public Safety Campus ## Debt Service Schedule ## DatePrincipalCouponInterestTotal P+I105% of Total ## Sales Tax ## RevenueLevy/(Surplus) 02/01/2027--1,090,808.331,090,808.331,145,348.751,145,348.75- 02/01/20283,285,000.005.000%2,013,800.005,298,800.005,563,740.005,563,740.00- 02/01/20293,445,000.005.000%1,849,550.005,294,550.005,559,277.505,559,277.50- 02/01/20303,620,000.005.000%1,677,300.005,297,300.005,562,165.005,562,165.00- 02/01/20313,800,000.005.000%1,496,300.005,296,300.005,561,115.005,561,115.00- 02/01/20323,990,000.005.000%1,306,300.005,296,300.005,561,115.005,561,115.00- 02/01/20334,190,000.005.000%1,106,800.005,296,800.005,561,640.005,561,640.00- 02/01/20344,400,000.005.000%897,300.005,297,300.005,562,165.005,562,165.00- 02/01/20354,620,000.005.000%677,300.005,297,300.005,562,165.005,562,165.00- 02/01/20364,850,000.005.000%446,300.005,296,300.005,561,115.005,561,115.00- 02/01/20375,095,000.004.000%203,800.005,298,800.005,563,740.005,563,740.00- ## Total$41,295,000.00-$12,765,558.33$54,060,558.33$56,763,586.25$56,763,586.25- ## Significant Dates ## Dated7/16/2026 ## First Coupon Date2/01/2027 ## Yield Statistics ## Bond Year Dollars$266,053.13 ## Average Life6.443 Years ## Average Coupon4.7981238% ## Net Interest Cost (NIC)3.3667267% ## True Interest Cost (TIC)3.1825055% ## Bond Yield for Arbitrage Purposes2.9124735% ## All Inclusive Cost (AIC)3.2439397% Series 2026A GO Sales Tax | SINGLE PURPOSE | 6/24/2026 | 10:21 AM ## City of Woodbury, Minnesota ## $41,295,000 General Obligation Sales Tax Revenue Bonds, Series 2026A ## Public Safety Campus ## Pricing Summary ## Maturity Type of ## BondCouponYieldMaturity ValuePriceYTMCall DateCall PriceDollar Price 02/01/2028Serial Coupon5.000%2.450%3,285,000.00103.833% ---3,410,914.05 02/01/2029Serial Coupon5.000%2.540%3,445,000.00106.016% ---3,652,251.20 02/01/2030Serial Coupon5.000%2.600%3,620,000.00108.069% ---3,912,097.80 02/01/2031Serial Coupon5.000%2.680%3,800,000.00109.857% ---4,174,566.00 02/01/2032Serial Coupon5.000%2.740%3,990,000.00111.545% ---4,450,645.50 02/01/2033Serial Coupon5.000%2.830%4,190,000.00112.874% ---4,729,420.60 02/01/2034Serial Coupon5.000%2.870%4,400,000.00114.350% ---5,031,400.00 02/01/2035Serial Coupon5.000%2.950%4,620,000.00113.769%c3.149%02/01/2034100.000%5,256,127.80 02/01/2036Serial Coupon5.000%3.030%4,850,000.00113.191%c3.372%02/01/2034100.000%5,489,763.50 02/01/2037Serial Coupon4.000%3.350%5,095,000.00104.299%c3.508%02/01/2034100.000%5,314,034.05 ## Total---$41,295,000.00-----$45,421,220.50 ## Bid Information ## Par Amount of Bonds$41,295,000.00 Reoffering Premium or (Discount)4,126,220.50 ## Gross Production $45,421,220.50 ## Total Underwriter's Discount (0.770%)$(317,943.75) Bid (109.222%)45,103,276.75 ## Total Purchase Price $45,103,276.75 ## Bond Year Dollars$266,053.13 ## Average Life6.443 Years ## Average Coupon4.7981238% ## Net Interest Cost (NIC)3.3667267% ## True Interest Cost (TIC)3.1825055% Series 2026A GO Sales Tax | SINGLE PURPOSE | 6/24/2026 | 10:21 AM spglobal.com/ratingsJune 5, 20261 S&P Global Ratings. All rights reserved. No reprint or dissemination without S&P Global Ratings permission. See terms of use/disclaimer on last page. ## Research Update: ## Woodbury, MN Series 2026A GO Sales Tax Revenue ## Bonds Rated 'AAA'; Outlook Stable June 5, 2026 ## Overview • S&P Global Ratings assigned its 'AAA' long-term rating to Woodbury, Minnesota's $41.29 million series 2026A general obligation (GO) sales tax revenue bonds. • At the same time, we affirmed our 'AAA' rating on the city's existing GO bonds. • The outlook is stable. ## Rationale ## Security The series 2026A bonds are secured by a pledge of the city's full faith and credit and power to levy ad valorem taxes without limitation as to rate or amount. Woodbury anticipates that debt service will be paid from a dedicated 0.5% local option sales tax. The rating is based on the city's GO pledge because the bond provisions are insufficient to rate the other revenue streams pursuant to our criteria. Proceeds will finance the remodeling and expansion of the city’s public safety campus. Credit highlights The rating reflects our view of Woodbury's expanding economy with high per capita earnings, healthy operations in the last few years, consistently high reserves, and detailed financial management policies and practices. While gross county product per capita is relatively low, Woodbury is located adjacent to Ramsey County and is experiencing strong and steady development with room for additional growth. Woodbury’s recent fiscal surpluses, including $3 million in fiscal 2024 and an estimated $3.3 million in fiscal 2025, resulted from higher-than-expected development fees and investment income coupled with cost savings from unfilled public safety vacancies. As the city moves toward full staffing in fiscal 2026, including the recent hiring of nine police officers, we expect the transition to full operational capacity will create a $970,000 general fund deficit. We believe this deficit is potentially mitigated by the city's conservative revenue forecasting for development fees and investment income, which often leads to actual revenues exceeding budget. Additionally, with preliminary available reserves projected to reach $22.3 million for fiscal 2025 ## Primary Contact ## Jillian Morley ## New York 1-212-438-0290 jillian.morley @spglobal.com ## Secondary Contact ## Ying Huang ## San Francisco + 1 (415) 371 5008 ying.huang @spglobal.com Woodbury, MN Series 2026A GO Sales Tax Revenue Bonds Rated 'AAA'; Outlook Stable spglobal.com/ratingsJune 5, 20262 S&P Global Ratings. All rights reserved. No reprint or dissemination without S&P Global Ratings permission. See terms of use/disclaimer on last page. and the ability to scale back capital project transfers, the city has ample flexibility to absorb the deficit. As a result, we anticipate the general fund balance will exceed 30% of expenditures during the outlook period. Woodbury's current debt profile and fixed costs are manageable. The city intends to issue approximately $8 million in 2027 to finance wells that were not included in the previous water treatment project and approximately $3 million for street improvement projects over the next few years. The rating further reflects our assessment of the following factors: • The city has a robust and expanding economy as a wealthy suburb southeast of St. Paul, within the Twin Cities metropolitan area. Employment, population, and personal income are expected to increase faster than those of the state and nation. • Strong management practices are characterized by a budgetary process, aided by multiple external consultants and intergovernmental coordination, including quarterly budget-to-actual reports and annual investment holdings reports to city council. Long-term planning includes a five-year capital improvement plan (CIP), updated annually with comprehensive funding sources, yet no formal financial forecast exists beyond what is included in the CIP. Woodbury follows a formal investment management policy and a reserve policy requiring maintenance of a minimum of 35%-50% of expenditures in unassigned general fund reserves; however, it lacks a formal debt management policy. The city has cybersecurity policies and practices in place that are in line with those of peers. • Consistently high reserves and liquidity are supported by historically positive operations before transfers out to other funds. • The city has a manageable debt and contingent liability profile, with well-managed pension and other postemployment benefits plans. For more information on pension, see "Pension Spotlight: Minnesota," Aug. 10, 2023. • The city has a strong institutional framework score due to its own-source revenues being primarily property taxes, its ability to generate a very strong revenue and expenditure match, and reports on a GAAP basis of accounting. For more information about our institutional framework assessment for Minnesota municipalities, see "Institutional Framework Assessment: Minnesota Local Governments," Sept. 10, 2024. Environmental, social, and governance We view the city's environmental, social, and governance factors as neutral in our credit rating analysis. Rating above the sovereign We rate the city's GO debt above the sovereign because we believe the city can maintain better credit characteristics than the U.S. in a stress scenario, due to its diverse revenue mix, with no single source accounting for more than one-third of total revenue, and our view that pledged revenue supporting debt service on the bonds has limited risk of negative sovereign intervention. The city's diverse revenue mix demonstrates a lack of dependence on central government ## revenue. (See "Ratings Above The Sovereign: Corporate And Government Ratings--Methodology ## And Assumptions," Nov. 19, 2013.) Woodbury, MN Series 2026A GO Sales Tax Revenue Bonds Rated 'AAA'; Outlook Stable spglobal.com/ratingsJune 5, 20263 S&P Global Ratings. All rights reserved. No reprint or dissemination without S&P Global Ratings permission. See terms of use/disclaimer on last page. ## Outlook The stable outlook reflects our expectation that Woodbury's economic profile will remain robust, and it will sustain at least breakeven operations and healthy reserves that exceed its policy target. Downside scenario We could lower the rating if the city's debt and contingent liability profile significantly weakens to the point that it pressures the budget, or if reserves deteriorate on a sustained basis. ## Woodbury, Minnesota‑‑credit summary Institutional framework (IF)1 Individual credit profile (ICP)1.68 ## Economy2.0 Financial performance2 Reserves and liquidity1 ## Management1.65 Debt and liabilities1.75 Woodbury, Minnesota‑‑key credit metrics Most recent202420232022 ## Economy Real GCP per capita % of U.S. 68 68 67 68 County PCPI % of U.S. 118 118 119 119 Market value ($000s) 16,075,801 15,617,089 14,700,627 12,646,125 Market value per capita ($) 203,617 197,807 188,864 169,822 Top 10 taxpayers % of taxable value 7.4 7.1 7.9 ‑‑ County unemployment rate (%) 3.4 2.8 2.4 2.0 Local median household EBI % of U.S. 151 151 152 152 Local per capita EBI % of U.S. 139 139 136 139 Local population 78,951 78,951 77,837 74,467 Financial performance Operating fund revenues ($000s) ‑‑ 49,910 46,594 40,781 Operating fund expenditures ($000s) ‑‑ 48,846 45,064 41,671 Net transfers and other adjustments ($000s) ‑‑ 1,959 (724) 3,426 Operating result ($000s) ‑‑ 3,023 806 2,536 Operating result % of revenues ‑‑ 6.1 1.7 6.2 Operating result three‑year average % ‑‑ 4.7 2.0 2.1 Reserves and liquidity Available reserves % of operating revenues ‑‑ 38.8 36.4 40.3 Available reserves ($000s) ‑‑ 19,345 16,970 16,417 Debt and liabilities Debt service cost % of revenues ‑‑ 7.1 5.5 7.2 Woodbury, MN Series 2026A GO Sales Tax Revenue Bonds Rated 'AAA'; Outlook Stable spglobal.com/ratingsJune 5, 20264 S&P Global Ratings. All rights reserved. No reprint or dissemination without S&P Global Ratings permission. See terms of use/disclaimer on last page. Woodbury, Minnesota‑‑key credit metrics Most recent202420232022 Net direct debt per capita ($) 1,284 668 557 628 Net direct debt ($000s) 101,346 52,740 43,360 46,754 Direct debt 10‑year amortization (%) 68 69 ‑‑ ‑‑ Pension and OPEB cost % of revenues ‑‑ 4.0 4.0 4.0 NPLs per capita ($) ‑‑ 228 318 646 ## Combined NPLs ($000s) ‑‑ 17,976 24,722 48,076 Financial data may reflect analytical adjustments and are sourced from issuer audit reports or other annual disclosures. Economic data is generally sourced from S&P Global Market Intelligence, the Bureau of Labor Statistics, Claritas, and issuer audits and other disclosures. Local population is sourced from Claritas. Claritas estimates are point in time and not meant to show year‑over‑year trends. GCP‑‑Gross county product. PCPI‑‑Per capita personal income. EBI‑‑Effective buying income. OPEB‑‑Other postemployment benefits. NPLs‑‑Net pension liabilities. ## Ratings List ## New Issue Ratings US$41,295,000 City of Woodbury, Minnesota, (Washington County). General Obligation Sales Tax Revenue Bonds, Series 2026A, dated: Date of Delivery, due: February 1, 2037 ## Long Term RatingAAA/Stable ## New Rating ## Local Government Woodbury, MN Unlimited Tax General Obligation and Gross Receipt Tax Revenues .5%AAA/Stable ## Ratings Affirmed ## Local Government ## Woodbury, MN Unlimited Tax General ObligationAAA/Stable ## Woodbury, MN Unlimited Tax General Obligation and Special AssessmentsAAA/Stable ## Woodbury, MN Unlimited Tax General Obligation and Tax Abatement RevenuesAAA/Stable Woodbury, MN Unlimited Tax General Obligation with Special Assessments and Utility System ## Revenues ## AAA/Stable The ratings appearing below the new issues represent an aggregation of debt issues (ASID) associated with related maturities. The maturities similarly reflect our opinion about the creditworthiness of the U.S. Public Finance obligor's legal pledge for payment of the financial obligation. Nevertheless, these maturities may have different credit ratings than the rating presented next to the ASID depending on whether or not additional legal pledge(s) support the specific maturity's payment obligation, such as credit enhancement, as a result of defeasance, or other factors. Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at https://disclosure.spglobal.com/ratings/en/regulatory/ratings-criteria for further information. A description of each of S&P Global Ratings' rating categories is contained in "S&P Global Ratings Definitions" at https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/sourceId/504352. Complete ratings information is available to RatingsDirect subscribers at www.capitaliq.com. All ratings referenced herein can be found on S&P Global Ratings' public website at www.spglobal.com/ratings. Woodbury, MN Series 2026A GO Sales Tax Revenue Bonds Rated 'AAA'; Outlook Stable spglobal.com/ratingsJune 5, 20265 S&P Global Ratings. All rights reserved. No reprint or dissemination without S&P Global Ratings permission. See terms of use/disclaimer on last page. Copyright ©2026 by Standard & Poor’s Financial Services LLC. All rights reserved. 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Additional information about our ratings fees is available at www.spglobal.com/usratingsfees. ## 8B ## City of Woodbury, Minnesota ## Office of City Administrator ## Council Letter 26-134 June 24, 2026 ## To:The Honorable Mayor and Members of the City Council ## From:Jeffrey J. Dahl, City Administrator ## Subject:Consider Approval of the Bailey West Master Plan ## Summary The City of Woodbury has prepared the Bailey West Master Plan. The intent of the plan is to document existing conditions and to provide guidance on the following development components: •Stormwater Management • ## Landscaping Themes • ## Pedestrian Plans • ## Roadway Designs • ## Buffering and Screening • ## Architectural Themes Furthermore, the plan intends to provide policy direction regarding the following areas: •Century Avenue to be designed to Washington County roadway standards to allow for future county ownership. •Modifications to the 2040 Comprehensive Plan to support New Life property acquisition. •Recommendation to re-guide northern portion of the property from Places to Work to Low Density Residential as part of the 2050 Comprehensive Plan. ## Recommendation At their June 15, 2026 meeting the Planning Commission reviewed the Bailey West Master Plan. At that time, they recommended approval of the plan by a 6-0 vote. Staff concur and recommend Council approve the attached resolution adopting the Bailey West Master Plan. ## Fiscal Implications All necessary improvements identified within the master plan will be reviewed with each development application and within the Capital Improvement Plan. ## Policy ## 2040 Comprehensive Plan ## CD- COMDEV- 3.26- Master Plans ## Chapter 24, Zoning ## Council Letter 26-134 June 24, 2026 Page 2 ## Public Process ## City of Newport Open House – May 21, 2025 ## Planning Commission Workshop – September 22, 2025 ## Planning Commission Workshop- February 2, 2026 ## City Council Workshop – February 25, 2026 ## EAW City Council Approval - April 22, 2026 Neighborhood Meeting – May 11, 2026 ## Planning Commission Approval – June 15, 2026 ## Background Council Directive COMDEV-3.26 provides policy requirements and direction for the creation of master plans. Master plans are required: 1. Prior to opening a development phase or sub-phase. 2. Prior to the approval of a Planned Unit Development for properties with common ownership that are within the existing Metropolitan Urban Service Area (MUSA) and measure more than 100 acres. The Bailey West Master Plan includes approximately 185 acres of land with the vast majority of the land being under single ownership. It is anticipated that development of the properties will occur over several years which makes master planning important to ensure continuity of development designs and implementation over the years. For additional details please see the attached staff report and draft master plan report. ## Written By:Eric Searles, City Planner/Assistant Community Development Director ## Approved Through:Janelle Schmitz, Community Development Director ## Attachment:1. Resolution ## 2. Planning Commission Staff Report June 15, 2026 ## 3. Draft Bailey West Master Plan ## Council Letter 26-134 June 24, 2026 Page 3 Resolution 26-76 Resolution of the City of Woodbury ## Washington County, Minnesota ## Adopting the Bailey West Master Plan WHEREAS, the City of Woodbury has adopted Council Directive COMDEV-3.26 to guide the creation of master plans to implement the comprehensive plan; and WHEREAS, the City of Woodbury wishes to guide development patterns for future development; and WHEREAS, the purpose of the Bailey West Master Plan is to align property owner goals for development with efficient extension of municipal services, anticipate transportation network needs, provide a network of trails and open space to enhance the plan area, and preserve key natural resources; and WHEREAS, detailed planning and engineering analysis have occurred in the areas of stormwater management, transportation, and trunk utility planning and said analysis have informed the plan; and WHEREAS, the Bailey West Master Plan evaluated the opportunities for greenway corridors, park needs and opportunities, and the preservation of high-quality woodlands as identified within the site plan; and WHEREAS, Section 24-208 of the Woodbury City Code identifies a finding that future Planned Unit Development (PUD) Conditional Use Permit approvals shall be contingent on compliance with the adopted master plan; and WHEREAS, the Planning Commission reviewed the Bailey West Master Plan and recommended approval by a 6-0 vote. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Woodbury, Washington County, Minnesota that the Bailey West Master Plan is hereby adopted. This Resolution was declared duly passed and adopted and was signed by the Mayor and attested to by the City Administrator this 24 th day of June, 2026. ## Attest:Anne W. Burt, Mayor ## Jeffrey J. Dahl, City Administrator(SEAL) ## CITY OF WOODBURY ## PLANNING COMMISSION STAFF REPORT June 15, 2026 ## Project No.:19-2025-00603Prepared By:Eric Searles ## City Planner 651-714-3532 eric.searles@woodburymn.gov ## Project Name: Bailey West Master PlanRecommendation: Approval Request: Master PlanSite Size:Approx. 185 acres ## PROPOSAL The City of Woodbury has prepared the Bailey West Master Plan. The intent of the plan is to document existing conditions and to provide guidance on the following development components: •Stormwater Management • ## Landscaping Themes • ## Pedestrian Plans • ## Roadway Designs • ## Buffering and Screening • ## Architectural Themes Furthermore, the plan intends to provide policy direction regarding the following areas: •Century Avenue to be designed to Washington County roadway standards to allow for future county ownership. •Modifications to the 2040 Comprehensive Plan to support New Life property acquisition •Recommendation to re-guide northern portion of the property from Places to Work to Low Density Residential as part of the 2050 Comprehensive Plan. The Bailey West Master Plan (the Plan) includes approximately 185 acres of land with the vast majority of the land being under single ownership. It is anticipated that development of the properties will occur over several years which makes master planning important to ensure continuity of development designs and implementation over the years. City Council Directive 3.26 provides policy requirements and direction for the creation of master plans. Master plans are required: 1. Prior to opening a development phase or sub-phase. 2. Prior to the approval of a Planned Unit Development for properties with common ownership that are within the existing Metropolitan Urban Service Area (MUSA) and measure more than 100 acre Components – The master plan covers a variety of considerations for the project area. For the purposes of this staff report a summary of the report highlights are included here, for additional details please review the attached report. ## Planning Commission Staff Report June 15, 2026 Page 2 of 6 1. Stormwater management The graphic below identifies a regional stormwater approach which will be designed to provide stormwater management for the entire development area and for the future upgrades to Bailey Road. The benefits of a regional approach for stormwater management are as follows: Removal of individual basins by each individual development site. Improved efficiency for maintenance and construction. Additional trail looping opportunity. Ability to efficiently provide ponding for Bailey Road upgrades versus providing in the future with the project. The graphic below represents the location of the stormwater management areas for the project area with the regional stormwater basins shown in the red boxes: ## Planning Commission Staff Report June 15, 2026 Page 3 of 6 ## Pedestrian and Greenway Plans Creating a Natural Greenway Corridor - A design highlight of this plan is the establishment of a dedicated 100-foot greenway corridor that wraps along the northern and eastern borders of the property. This greenway acts as a natural buffer and creates an intentional trail system which connects the uses internally but also assists in establishing a pedestrian connection from Bailey Road to Carver Lake Park. Protecting Wetlands and Natural Tree Lines - The plan is highly intentional about preserving the natural environment. It successfully protects the existing wetlands and natural tree lines along the project boundaries, especially around the regional ponds and eastern borders. Keeping these areas intact provides a mature, green border between new developments and the existing neighborhoods to the east. Future landscape plantings on the individual development sites will also be provided to enhance the existing vegetation. Strong Pedestrian Looping and Interconnectivity - Instead of isolating the different land uses, this plan emphasizes interconnectivity between all land uses. A comprehensive network of trails (shown with green dashed lines) links the commercial shopping area, New Life Church and Academy sports fields, and the high/medium, and low-density residential neighborhoods. These trails form strong pedestrian loops for future and existing adjacent residents to enjoy. Pedestrian infrastructure will also be provided on both sides of Century. Future Refinements for Commercial Access - While the trail system is highly connected, staff anticipates that the final master plan graphics will be updated to better articulate a clearer, more direct walking route from the southern retail/commercial area directly to the trail on Bailey Road. ## Planning Commission Staff Report June 15, 2026 Page 4 of 6 ## Architectural Themes One of the primary goals of a commercial master plan is to establish a clear framework for architectural continuity, ensuring that the future development feels cohesive and interconnected regardless of the specific development type. The image below establishes a design guideline which creates a shared aesthetic across the different development types such as large-scale corporate facilities to retail shops and various tiers of housing. By standardizing high-quality building materials, complementary color palettes, and intentional structural details, the built environment avoids looking like a patchwork of random developments and instead presents itself as a unified, intentional community. Elements like prominent brick masonry, clean neutral siding, dark-trimmed window frames, and structural awnings are shown across all of the different categories. This level of continuity ensures that as land uses transition from retail into residential neighborhoods, the visual identity of the area remains strong which creates an inviting sense of place for residents and visitors alike. ## Planning Commission Staff Report June 15, 2026 Page 5 of 6 Modifications to the 2040 Comprehensive Plan to support New Life property The graphic on the left below is from the 2040 Comprehensive Plan, which identified approximately 40 acres of Mixed Use to the north of Bailey Road. The Mixed Use category allows for retail uses and residential development up to 15 units per acre. The proposed land uses relocate those 40 acres around the approximately 30-acre parcel proposed to be acquired by New Life Academy for athletic and recreation purposes. While the total amount of housing and retail remains unchanged from the 2040 plan, this modification provides the opportunity for New Life Academy to continue to grow adjacent to its existing campus. Recommendation to re-guide northern portion of the property from Places to Work to Low Density Residential as part of the 2050 Comprehensive Plan. The 2040 Comprehensive Plan identifies the area outlined in red below as Places to Work. As part of the master plan, an evaluation of the highest and best use occurred. Due to the area's proximity to Carver Lake Park and limited commercial marketability resulting from its distance from Bailey Road, a change to low-density residential is recommended. This future residential designation will provide additional activity to activate the proposed pedestrian infrastructure, while also offering an opportunity for buyers looking for a homesite that is walkable to nearby commercial opportunities. The timing of this area development, ultimate connection to Century Avenue and final Land Use approvals will occur through the 2050 Comprehensive Plan process. ## Planning Commission Staff Report June 15, 2026 Page 6 of 6 ## RECOMMENDATION Staff recommends approval of the Bailey West Master Plan, project number 19-2025-00603. ## ATTACHMENTS ## 1. Draft Bailey Wast Master Plan ## Bailey West ## Master Plan ## Draft 6/11/2026 32 ## Bailey West Master Plan ## Acknowledgements ## Table of Contents ## Prepared for: The City of Woodbury ## Prepared by: HKGi ## Overview4 ## Streetscape12 Parks and Trails 20 Screening and Buffering 22 ## Site Design Guidelines 24 ## Building Guidelines 30 Wayfinding and Placemaking 34 1 6 7 5 4 3 2 ## Overview 1 What are design guidelines? •Language of design guidelines is “should”, “encourage”, “prefer”. •Focused on guiding development that creates a strong sense of place. •Used alongside the required design standards in the zoning code. How should the design guidelines be used? •Property owners and developers should review these guidelines prior to submitting a development application and should provide a narrative as part of their development proposal that identifies how the project achieves these guidelines. •Design guidelines and master plan elements will be reviewed via development application review. ## Design Guidelines 54 ## Bailey West Master PlanOverview ## Existing Conditions ## Growth Area Background Bailey Nurseries currently owns approximately 300 acres of ag ricultural fields at the intersection of the City of Woodbury, the City of Maplewood, and the City of Newport. The area is approximately one mile from I-494 along Bailey Road. This property is anticipated to be sold by the owner for development in the coming years. ## The Site Today The master plan area is surrounded by low-density residential to the east and rural estate to the south. In addition, the New Life Church and Academy of Woodbury is adjacent to the southeast edge of the property. On the north side of the property is Carver Lake Park and beach. ## Proposed Development The master plan area is anticipated to include commercial development; low, medium, and high density residential areas; an industrial building; greenways; and an expansion of the adjacent New Life Church and Academy. In addition to this development, Century Ave (CSAH 25) is planned to extend from the northeast corner of the property south to Bailey Road (CSAH 18), bisecting the growth area. The growth area will also include a park dedication area to expand 155-acre Carver Lake Park. ## Legend 2000800’ Figure 1. Existing conditions City boundary Development area boundary ## Newport ## Newport ## Wetland ## Maplewood ## Electric Power Transmission Line ## Bailey Road ## Carver Park ## Park ## Existing ## Low-Density ## Residential ## Existing ## Low-Density ## Residential ## Existing ## Low-Density ## Residential ## New Life Church and Academy Property entrance Existing fields End of Chamberlain Road at edge of property (future connection) 76 ## Bailey West Master PlanOverview ## Proposed DevelopmentDevelopment Identity Bailey history and legacy as inspiration The Bailey West Master Plan area will include design features influenced by the Bailey history and legacy of the site. The design of the growth area should explore this farm heritage in abstract, contemporary ways through plant species selection and layout, architectural quality, and furnishings and monuments. ## Plant LayoutPlant Species ## Architectural Quality Furnishings and ## Monuments ## Legend 2000800’ Figure 2. Proposed site use ## Newport ## Newport ## Wetland ## Regional ## Pond ## Regional ## Pond ## Maplewood ## Bailey Road ## Century Ave ## Electric Power Transmission Line ## Park ## Greenway ## Greenway ## Existing ## Low-Density ## Residential ## Existing ## Low-Density ## Residential ## Carver Park ## Trunk Water Main and ## Sanitary Alignment ## Trunk ## Water Main ## Connection ## Wetland and Tree ## Preservation Area ## Greenway ## New Life Church and ## Academy ## New Life Church and Academy ## Sports Fields ## Business Park ## Commercial ## High- ## Density ## Residential ## Medium-Density ## Residential ## Industrial/ Business park ## Commercial New Life sports fields Future low density residential Medium density residential High density residential ## Park ## Greenway ## Low-Density Residential Post Adoption of the 2050 ## Comprehensive Plan City boundary Development area boundary 98 ## Bailey West Master PlanOverview ## Illustrative Enlargements and Sections The illustrative enlargements and sections are meant to convey typical conditions and act as a visual reference for the guidelines throughout the document. ## Typical Streetscape Enlargement ## Streetscape Section at Century Ave ## Figure 3. Streetscape section at Century Ave Figure 4. Streetscape enlargement Figure 5. Commercial enlargement diagram ## Figure 6. Bailey Road & Century Avenue Enlargement Suggestive tree layout: double allee of trees planted in single species blocks within the ROW ## Century Ave Right-of-Way 120’ ## Double ## Row 20’ ## Double ## Row 20’ ## UtilityUtility 10’10’ ## High-density Residential ## Business Park ## Building ## Trail 10’ ## BermPrivate ## Drive ## Trail 10’ ## Roadway ## Bailey Road & Century Avenue Enlargement ## Century Ave 120’ Right-of- ## Way ## Sidewalk ## Right-of-Way ## Pedestrian ## Light Fixture ## Tree ## Species ## A ## Tree ## Species ## B ## Tree ## Species ## C ## Private Drive 3 4 2 1 3 2 4 1 ## Ornamental Trees in Parking Islands ## 15’ Right-of-Way Dedication ## Century Ave Right-of-Way (120’) ## Neighborhood Collector Right-of-Way (75’) ## Pedestrian Light Fixture, ## Modern Style, 120’ OC Spacing ## Newport ## Century Ave ## Bailey Road ## Century Ave ## Planting Bed ## Single Species ## Planting Beds ## Pedestrian Wayfinding ## Monument Sign 10’ ## Typical 15’ ## Typical 20’ ## Typical 8’ ## Typical 25’ ## Typical 80’ ## Typical ## Massed Planting: ## Species A ## Species B ## Species C ## New Life Sports Fields ## Monument Sign ## Suggestive Planting Layout Massing of shrubs, perennials, and grouped trees to Bailey farm history and screens headlights while maintaining views to the commercial buildings from Bailey Road ## Key Map ## Neighborhood Collector Street ## See Figure 6 ## Concept Commercial Area 1110 ## Bailey West Master PlanStreetscape ## Legend County Collector - Century Ave (CSAH 25) - 120’ right-of-way Private road- sidewalk and trail Residential Street - sidewalk Private Drive - trail only Private Drive - sidewalk only Private Drive - no sidewalk or trail 2000800’ Figure 7. Street types City boundary Development area boundary ## Streetscape 2 ## Newport ## Newport ## Wetland ## Regional ## Pond ## Regional ## Pond ## Maplewood ## Electric Power Transmission Line ## Century Ave ## Chamberlain Rd ## Bailey Road ## Carver Park ## Park ## Low-Density Residential Post Adoption of the 2050 ## Comprehensive Plan ## 1/8 Mile Roadway ## Access Spacing ## Street Aligned with ## Chamberlain Rd, No ## Thru Connection ## New Life Church and ## Academy ## Sports Fields ## Business Park ## Commercial ## High- ## Density ## Residential ## Medium-Density ## Residential ## Street Types The street types recommended for the master plan area are based on anticipated traffic and pedestrian use. Street types applied to the plan area are aligned with and adapted from the City of Woodbury’s “Roadway Corridor Design Principles” (2023). Some road types identified are not described in the “Roadway Corridor Design Principles,” and an additional description can be found below. ## Private Drives “Private Drive” is not a street type determined in the “Roadway Corridor Design Principles.” It is recommended that some private drives are planned with a sidewalk to enhance pedestrian connectivity throughout the development, including the drives and parking lots within the proposed commercial area and high desnity residential area. See Figure 5 for commerical area layout and recommendations. ## County Collector “County Collector” is identified as the 120 feet of right-of- way designated for the extension of Century Avenue through the plan area. County road to be designed as per Washington County standards, including a trail on both sides and a 2- lane unidivided collector roadway. Century Ave future connection point at north side of Bailey property Private drive without sidewalk Private drive with sidewalk Development area pedestrian network 1312 ## Bailey West Master PlanStreetscape City boundary Streets and parking areas Development area boundary Intersections with pedestrian crossings Major road, controlled intersection Major road Unregulated intersection Pedestrian crossing sign ## Legend 2000800’ ## Intersections Figure 9. Intersections with pedestrian crossings Figure 10. Typical pedestrian crossings at intersections ## Pedestrian Crossings at Intersections Pedestrian movement and safety through the development area can be increased through safety and accessibility features, including high visibility crosswalk markings, truncated domes, and pedestrian crossing signs, where appropriate. High visibility crosswalk markings and truncated domes could be used at intersections with a sidewalk or trail. Pedestrian crossing signs could be used at the unregulated intersections identified in Figure 9, as directed by the Engineering Department following traffic pattern review. Typical intersections, shown in Figure 10, outline examples of where and how these crossings occur. ## Pedestrian Crossing Treatments ## Typical Intersections ## High Visibility Crosswalk All intersections with pedestrian crossings ## Pedestrian Crossing at Century Ave and ## Neighborhood Collector ## Pedestrian Crossing at ## Neighborhood Collector ## and Private Drive ## Pedestrian Crossing at Century Ave and ## Residential Street ## Truncated Domes All intersections with pedestrian crossings ## Pedestrian Crossing Sign Unrelgulated intersections with pedestrian crossings identified in Figure 9 ## Newport ## Wetland ## Regional ## Pond ## Regional ## Pond ## Maplewood ## Electric Power Transmission Line ## Bailey Road ## Carver Park ## Century Ave ## Century Ave 120’ Right-of- ## Way ## Century Ave 120’ Right-of- ## Way 1 3 1 3 2 2 ## Park ## See Chapter 1, Figure 5 for intersections within the commercial area Development area pedestrian network 1514 ## Bailey West Master PlanStreetscape ## Streetscape Amenities ## Street Trees ## Species Street tree species planted along roadways should align with the species selection outlined in Chapter 5, which is adpated from the “Roadway Corridor Design Principles.” ## Layout The recommended street tree species layout is designed to recall the agrarian layout of Bailey Nurseries. ## Massing Street trees should be planted in blocks of single species, with maximum 6 species in a single row. A maxiumum of 6 trees is set to encourage biodiversity and resilience, in line with the “Environmental Stewardship Plan” (2024). Where trees are planted on both sides of the street, the tree species should be the same. “Fencerows” Where possbile, incorporate double rows of trees along street. This reinfores the property’s farm history and creates an allée that provides a more hospitable pedestrian experience along streets. Where a double row is not possible, consider a row of perennials or shrubs to replace the role of a second row of street trees. For typical sections and an enlargement diagram of typical street tree layout, see Chapter 1, Figures 3 and 4. Planting inspiration image of Bailey ## Nurseries Double row of trees in the pedestrian realm Sidewalks, lighting, and planting in the pedestrian realm of a shopping center City boundary ## Development area boundarySpecies ASpecies E ## Legend ## Species BSpecies F ## Species CSpecies G ## Species DSpecies H 2000800’ ## Newport ## Newport ## Maplewood ## Century Ave Figure 11. Street tree species suggested layout ## Sidewalks and Pedestrian ## Realm ## Guidelines •Provide high quality trail and sidewalk destinations to retail, commercial, and residential areas. •Connect sidewalks to key destinations, such as the commerical area. •Provide clearly marked walk/bike crossings at all primary roadway intersections . •Provide sidewalks along commercial building frontages. •Encourage sidewalk connections from residential areas to sidewalks along streets. •Provide furnishings and lighting that accomodate pedestrian safety along sidewalks, including benches and waste receptacles. ## Electric Power Transmission Line Layout shows street trees only. Trees along streets (except Bailey Road) are shown with a diameter of 30’ and spaced at 35’ apart. Layout diagram is suggestive of species clumping; patterning and is not final. Special street tree layout along Bailey Road and ## Intersection of Bailey Road and Century Ave. See Figure 5. ## Wetland ## Regional ## Pond ## Regional ## Pond ## Low-Density Residential Post Adoption of the 2050 ## Comprehensive Plan ## Business Park ## Commercial ## High- ## Density ## Residential ## Medium-Density ## Residential ## New Life Church and ## Academy ## Sports Fields 1716 ## Bailey West Master PlanParks and Trails ## Parks and Trails 3 ## Pedestrian Network and Open Space Trail on both sides of street - county road Sidewalk - private drive Trail - private drive Sidewalk and trail - neighborhood street Sidewalk - residential street ## Trail - Off-road / Greenway ## Sidewalk - Off-road 100’ wide greenway Park dedication area Existing walking path Existing off-road cycling trail City boundary Development area boundary ## Newport ## Newport ## Maplewood ## Electric Power Transmission Line ## Century Ave ## Bailey Road 100’ Greenway 100’ Greenway ## Park Dedication ## Area ## Future Trail ## Construction ## Off-road ## Cycling Trails ## Connection to Existing ## Development ## Legend 2000800’ Figure 12. Pedestrian network Connection to ## Century Ave ## Open Space Connection to ## Greenway Trail at ## Pond Edge New parks and trails through the development area are meant to enhance existing park amenities and move pedestrians and cyclists through greenway corridors connected to a proposed trail and sidewalk network along streets. Parks and trails introduced in the growth area include: •Two 100 foot wide greenway corrdidors on the north and west edge of the low-density residential development area with trails and plantings. •Trail connection to Century Avenue at the northwest corner of the development through an exisitng easement. •Trail connection between an existing wetland and proposed pond across from low-density residential access. •Park dedication area connected to Carver Park, which will encompass existing off-road cycling trails. ## Greenways ## Should: • • Maintain a minimum 100 foot width to allow for a trail alignment with interest. Include a 10 foot wide multi-use trail per City detail plate.. •Use native vegetation to provide visual interest, enhance ecological diversity, and reduce maintenance. •Create an opportunity to contribute to density bonuses for residential development in the growth area. •Include seating, wayfinding signage, and interpretive elements about the site’s history and natural context. •Have easily accessible trailheads and access points. ## Park Dedication Area ## Should: •Include native landscaping in some areas to complement adjacent Carver Lake Park. •Preserve existing mountain bike trails. •Include a continuous trail connection between the two proposed greenways in the master plan area. ## Trail at Stormwater Basin edge ## Should: •Include a 10 foot wide trail to serve both residential and business park users. •Provide small seating areas such as benches, picnic tables, or overlooks. •Include interpretive elements about the site’s history and natural context. ## Wetland ## Regional ## Pond ## Regional ## Pond ## New Life Church and ## Academy ## Low-Density Residential Post Adoption of the 2050 ## Comprehensive Plan ## Business Park ## Commercial ## High- ## Density ## Residential ## New Life Church and ## Academy ## Sports Fields ## Medium-Density ## Residential 1918 ## Bailey West Master PlanScreening and Buffering ## Screening and Buffering 4 ## Legend 2000800’ Figure 13. Screening strategy Medium opacity screening example Special screening example High opacity screening example ## Newport ## Newport ## Wetland ## Regional ## Pond ## Regional ## Pond ## Maplewood ## Electric Power Transmission Line ## Existing ## Low-Density ## Residential ## Existing ## Low-Density ## Residential ## Carver Park ## New Life Church and ## Academy High opacity screening Medium opacity screening Special screening at Bailey Road (see description) Screening addressed using streetscape planting City boundary Development area boundary ## Screening Strategy ## Overview Screening is an important design element to delineate uses, soften views, and create privacy among the different adjacent uses in the master plan area. Screening can be achieved through planting of additional trees and shrubs. A special screening strategy along Bailey Road and at the intersection of Century Avenue and Bailey Road is recommended to achieve the following goals: screen the commercial area from residential properties to the south; maintain business visibility from the road; and showcase the area’s agrarian character. See Chapter 1, Figure 6 for a more detailed recommendation for screening at Bailey Road. ## Guidelines ## High Opacity Screening •Densely planted evergreen trees or shrubs •Locate high opacity screening: •Where residential areas are adjacent to Century Avenue •Between different densities of residential land use. •Between proposed growth area and existing residential land use, except where a proposed 100’ wide greenway provides a buffer. ## Medium Opacity Screening •Loosely planted evergreen trees, additional layer of deciduous trees or shrubs, or more densely planted deciduous trees and shrubs. •Locate medium opacity screening: •Where residential areas are adjacent to a collector street or greenway •Where commercial or business park areas are adjacent to streets or other land uses. ## Special Screening at Bailey Road Screening along Bailey Road should mitigate headlight glare from the commercial area while maintaining business visibility from the street. This should be achieved with a combination of shrubs and trees that accomodate these two needs. See Chapter 1, Figure 5 for planting layout along Bailey Road. ## Low-Density Residential Post Adoption of the 2050 ## Comprehensive Plan ## Century Ave ## Business Park ## High- ## Density ## Residential ## Medium-Density ## Residential ## New Life Church and ## Academy ## Sports Fields Special screening ## along Bailey Road and Intersection of Bailey Road and ## Century Ave. See Chapter 1, Figure 5. ## Commercial 2120 ## Bailey West Master PlanSite Design Guidelines ## Site Design Guidelines 5 ## Guidelines •Locate site furnishings for ease of use by patrons. •Site plans for commerical and business park areas should identify locations for seating and bike racks. •Place street furnishings (benches and seating, trash/ recycling receptacles, bollards, bike racks, wayfinding signage, etc.) at building entry areas, near intersections and along the primary roadways. •Utilize street furnishings that are made of durable materials, easily maintained/repaired, and are locally available, when feasible and meet city specifications. The site design guidelines articulate the desired development characteristics for the growth area. The guidelines are intended to reinforce the plan area’s identity, enhance pedestrian comfort, encourage sustainability, and promote visual appeal. ## Furnishings ## Lighting ## Guidelines ## Commercial and Business Park Areas •Use building lighting only for safe illumination of building entries, service areas, and pedestrian/vehicle movement areas. •Lighting at building entries, service areas, and pedestrian/ vehicle movement areas should be limited to low wattage downcast or low cut-off fixtures that may remain on throughout the night. •Service area lighting should be confined within the service area boundaries and enclosure walls. No spill-over lighting should occur outside of the service or storage area. Lighting sources should not be visible from the street. •Accent lighting should be limited to indirect lighting of architectural, and landscape features only; lighting should not exhibit or advertise the buildings itself. ## Retail and Business Signage Lighting •Light sources should be concealed. •No flashing, moving, or color-changing lights. •Color temperate should be a warm white (2700-4000k and consistent among all signage). •Lights should be LED and have autmatic dimmers to reduce energy use and nighttime illumination. ## Streetscape, Sidewalk, and Trail Lighting •Design streetssape lighting to accommodate vehicular traffic, but also provide a comfortable and safe light level for pedestrians. •Utilize a similar family of fixtures for the lighting design of all public streets within the growth area. •Pedestrian light fixtures should be incorporated along the private road on the north edge of the commercial area and within the commercial area where appropriate. See Chapter 1, Figure 5 for recommended locations. •Pedestrian light fixtures should be the modern style and spaced 120 feet on center. ## Additional Considerations •Consider how seasonal lighting can be incorporated to promote placemaking. •Consider special accent lighting for gateway features. Approved streetscape lighting Seasonal lighting example 2322 ## Bailey West Master PlanSite Design Guidelines ## Planting ## Overview The planting design guidelines establish a cohesive landscape character that reflects the agrarian heritage of the growth area and provide practical direction for the location and species of trees and plantings. All proposed landscaping shall meet code requirements for commercial and residential properties including trees per lot and canopy coverage. See Figures 4, 5, and 6 for illustrative planting intent at the commerical area, along Bailey Road, and in the streetscape. For additional guidance on screening planting, see Chapter 4. Species selection is adapted and added onto from Woodbury’s “Roadway Corrirdor Design Principles". ## Guidelines ## Species Selection •Bailey Nurseries is known for the selection of ornamental crabapple trees and hydrangeas and roses they developed. Locate crabapple trees, hydrangeas, and other Bailey-developed species at key areas with high visibility and within the commercial area to celebrate the nursery history. •Prioritize durability, ease of maintenance , simple character, and year-round seasonal interest. •Use a limited, consistent plant palette across the growth area for a unified look. •Use native plant and tree species where possible to reduce maintenance and promote water conservation. •For all approved streetscape species, see species list from “Roadway Corridor Design Principles” in appendix. ## Trees •Plant trees in formal rows, massing single species together. •Use consistent spacing where possible. •In commercial areas: •Use street trees to define pedestrian zones and frame buildings frontages. Species to consider near buidlings include columnar trees (oaks or maples) and crabapple trees. •Locate trees in parking areas to break up expanses of pavement. •In the streetscape: •Where possible, integrate double rows of trees into the streetscape to create a formal, agrarian rhythm. See Chapter 2, Figure 11 for a suggested street tree layout. ## Planting Beds ## Reference image: Bailey Nurseries Massed planting example ## Swamp White Oak Quercus bicolor White oak Quercus alba ## Autumn Blaze Maple ## Acer x Fremanii ‘Jeffersred’ ## Thuja ‘Green Giant’ ## Kentucky Coffeetree Gymnocladus diocius ## Prairie Dropseed Gymnocladus diocius ## Blue Oat Grass Gymnocladus diocius ## Karl Foerster Calamagrostis actuiflora ## ‘ Karl Foerster’ ## Viola Klose Salvia Salvia sp. ‘Viola Close’ ## Black-eyed Susan Rudbeckia hirta ## Echinacea Kismet ‘Intense Orange’ ## Switchgrass Panicum virgatum Monarda ‘Grape ## Gumball’” ## American Elm ## Ulmus Americana ## Basswood ## Tilia Americana ## Japanese Tree Lilac Syringa reticulata ‘ Ivory ## Silk’ ## Gladiator Crabapple Malus × adstringens ‘Durleo’ (Bailey) ## Pop Star HydrangeaToscana Barberry ## Northern Pin Oak Quercus ellipsoidalis Row of columar trees Row of crabapple trees •Use bold masses of single plant species in linear arrangements to evoke the layout of nursery fields. ## Massed planting should be incorporated along Bailey Road and along Century Avenue adjacent to the commercial area (See Chapter 1, Figures 5 and 6). Where possible, a variation of this planting scheme should be considered for the commercial and residential area planting bed designs. ## Planting Guidelines Summary •Use ornamental trees, hydrangeas, and other Bailey- developed species in key areas •Plant trees, shrubs, and perennials in blocked masses of a single species •Incorporate a double row of trees into the streetscape ## Suggested Species Palette ## Trees ## Ornamental Trees ## Bailey- Developed Perennials ## Perennials and Shrubs 2524 ## Bailey West Master PlanLand Use: Commercial ## Building Service and Access ## Service, Delivery, and Storage Areas ## Guidelines ## Location and Access •Locate service, delivery, and storage areas so that views of them from adjacent properties, streets, open spaces, and pathways are minimized. •Locate service access from secondary streets or drives. •Consolidate service areas where possible to minimize curb cuts and pavement. •Use signage to clearly identify service entrances to discourage the use of main building entries for service and delivery areas. ## Screening •Where feasible, utilize landscape and architectural screening to minimize visual impacts of service, delivery, and storage areas. •Integrate enclosures into building massing rather than as a stand-alone element where possible •Screen loading docks, dumpsters, and storage area with materials and design elements that complement the adjacent architecture ## Utilities ## Guidelines ## Placement •As streets are constructed, existing above ground utilities should be relocated below ground within the public street right-of-way whenever feasible. Encourage undergrounding of utilities elsewhere in development where possible. •Locate above ground utility structures away from major pedestrian and gathering areas, building entrances, windows, and stormwater drainage areas where feasible. ## Screening •Use landscaping to enhance the visual aesthetics of any above ground utility structures. ## Parking ## Guidelines ## Location and Access •Single-use or assigned parking spaces should be minimized. •Parking facilities should be easily accessible and identifiable. •Parking lots with street frontage should be minimized. Where they occur, landscaping and other screening devices are encouraged to buffer parking from the view from the sidewalk and street. •Design parking facilities to minimize impacts of vehicle headlights on adjacent uses. ## Landscaping and Pedestrian Circulation •Surface parking lots should be enhanced with landscaping and tree plantings consistent with planting guidelines. •Use salt-tolerant plant species near drive aisles and snow storage areas •Parking lots should have a strong pedestrian connection to Bailey Road businesses and resident entries of buildings. •Use pedestrian-scaled lighting along pedestrian routes. ## Sustainability and Stormwater Management •Incoporate EV charging stations and bicycle parking at convenient, visible locations. •Plant trees in parking islands to reduce heat island. ## On-Site Stormwater Management ## Guidelines •Design site irrigation facilities with water efficient systems. • • Utilize native plant material to reduce water demand. Regional stormwater management to be provided for entire site. 2726 ## Bailey West Master PlanBuilding Guidelines ## Building Guidelines 6 The building design guidelines establish the desired orientation and architectural character of buildings in the planarea. The guidelines are intended to reinforce the Bailey identity, promote pedestrian comfort, and create visual unity across the master plan area. ## Building Placement ## Guidelines ## Building Orientation •Encourage front and building entrances to face streets or public spaces. ## Setbacks •Define setbacks to support walkability in retail areas with larger setbacks in business park and residential areas. ## Architectural Character The architectural character of the plan area should tie to Woodbury’s established material palette and design and be paired with accents that connect to site’s farm heritage. Buildings should express a sense of quality and connection to the land. ## Building Massing and ## Appearance ## Building Form ## Rooflines •Rooflines on buildings should be contemporary and paired with farm-style accents: •Business Park buildings should have flat roofs. •Commercial area buildings should have a mix of flat and pitched roof styles. •Medium and high-density residential buildings should have a mix of flat and pitched roof styles. •Low-density residential buildings should have primary pitched roofs. ## Building Facade •Building facades should be pedestrian-scale and be articulated through modulation and material change. ## Entrances •Entrances should face streets or key pedestrian connections. ## Signs •All signs should be consistent in height from ground and lettering height. •Signs should be mounted on building facade. ## Awnings and Canopies •Awnings may be used in commercial and business park areas. •Awning may be either a shed-style fabric or flat, extruded, metal canopy. •Fabric or metal color: black. •Use of awning types must be balanced for visual appeal across the areas. •Awnings should not bear signage, logos, or additional detailing. ## Windows and Doors •Encourage transparency using windows are doors in commercial area. •Ensure windows and door styles are consistent across commercial area. Example of signage mounted on building facade Example of fabric awning Example of metal awning Example of transparency in a commercial building Flat roofline Pitched roofline 2928 ## Bailey West Master PlanBuilding Guidelines Wood or ## Wood Effect ## White ## Concrete Warm, neutral shades ## LimestoneBrick ## Cream ## Metal ## Buff ## Metal ## Black ## Brick ## Brown ## Materials ## Overview •Brick should be the primary building material. •Multiple colors of brick may be used. Brown brick is recommended as the primary color of brick used in the development area. The brown brick may be accented by cream-colored brick. Other high-quality materials, such as limestone, metal, or wood accents should be used to complement brickwork. •Wood or accents with a wood effect should appear painted white •Metal accents should be coated in a neutral color, such as beige or black. ## Example Images ## Industrial/Business Park ## Commercial ## Commercial 5-10% - 10-20% 10-20% 40-60% 10-30% 60-80% 20-30% 0-10% 10-20% - 0-10%- 10-30% 10-30% 70-90% Warm neutral shades may be used in addition to white To be focused at entries or key areas ## Tilt-up To be used for articulation and to break up wall massing 5-10%5-10% ## Brick - Brown ## Brick - Cream ## Wood or Wood Effect ## Limestone ## Concrete ## Metal ## Business ParkResidential ## Material Composition ## Residential Low-density residentialMedium-density residentialHigh-density residential 3130 ## Bailey West Master PlanWayfinding and Placemaking Wayfinding and ## Placemaking 7 Wayfinding should serve all modes of transportation and be clear and consistent across the plan area. In addition, all elements should complement the architectural and landscape qualities of the plan area. Additional placemaking elements, such as sculptures, panels, or special lighting should be considered in key areas. Wayfinding elements throughout the plan area include: •Gateways and monument signage •Pedestrian wayfinding •Interpretive signage ## Pedestrian and Vehicular Wayfinding Examples ## Monument Signage and Placemaking Examples ## Planted Monument Sign •Honors Bailey legacy Tree-inspired sculpture •Honors Bailey legacy and Woodbury natural heritage ## Legend 2000800’ Figure 12. Wayfinding, destinations, and access ## Newport ## Newport ## Wetland ## Regional ## Pond ## Regional ## Pond ## Maplewood ## Electric Power Transmission Line ## Century Ave ## Medium- ## Density ## Residential ## High- ## Density ## Residential ## Commericial ## Business Park ## Existing ## Low-Density ## Residential ## Existing ## Low-Density ## Residential ## New Life Church and ## Academy ## New Life ## Sports Facility ## Entry Sign ## Residential Monument / ## Wayfinding Sign ## Gateway Heart of ## Development ## Gateway Monument signage - key development nodes Interpretive signage Monument signage - facility and amenity signs Pedestrian wayfinding ## Low-Density Residential Post Adoption of the 2050 ## Comprehensive Plan Existing walking path Existing off-road cycling trail Development area pedestrian network City boundary Development area boundary