2006-08-221 1
PLEASE TURN OFF ALL CELL PHONES & PAGERS Ily COUNCIL CHAMBERS.
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AGENDA
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MOUND HOUSING & REDEVELOPI~""I'ENT.:AUTI=IORITY ~ -
,1 n ;; r
REGULAR} MEETING ~` ~ '
~..
TUESD`AY'', AUGUST 22;;2006 7 1'S Ps~7 ~ ~ '' `
1VI(JUND CITY COUNCIL .CI-IAMIBERS` ~ ~~ i
Page
1. Open meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: August 8, 2006
•
4. Indian Knoll Manor Manager s Monthly Report
5. Set meeting for 9/14/06 (previously set for 9/7/06)
at 6:30 p.m.
6. Adjourn
1-2
3-11
•
• MOUND HOUSING AND REDEVELOPMENT AUTHORITY
AUGUST 8, 2006
The Housing and Redevelopment Authority in and for the City of Mound met in
regular session on Tuesday, August 8, 2006, at 6:00 p.m. in the council
chambers of city hall.
Members Present: Chairperson Pat Meisel; Commissioners Bob Brown, David
Osmek, Mike Specht and John Beise
Others Present: Executive Director Kandis Hanson, City Clerk Bonnie Ritter,
Community Development Director Sarah Smith, Public Works Director Carlton
Moore, City Attorney John Dean, Finance Director Gino Businaro, Dave
Newman, Tom Stokes, Dave Callister, Catherine Posche
1. Open meeting
Chair Meisel opened the meeting at 6:00 p.m.
2. Approve agenda
MOTION by Specht, seconded by Beise to approve the agenda. All voted in
favor. Motion carried.
3. Approve minutes
• MOTION by Brown, seconded by Osmek to approve the minutes of the July 25,
2006 meeting. All voted in favor. Motion carried.
4. Discussion on financing for Mound Transit District
Dave Callister of Ehlers & Associates informed the HRA that whether the bond is
for 20 years or 25 or 30, Piper feels that it is marketable. Callister also reviewed
the Transit Center Project budget, adjusted to show a project gap of $235,125.
The HRA authorized advertisement for bids at a previous meeting.
5. Approval of 2007 HRA Budget for special benefits tax levy (Transit
Center
MOTION by Beise, seconded. by Brown to adopt the following resolution. All
voted in favor. Motion carried.
RESOLUTION NO. 06-05H: RESOLUTION AUTHORIZING THE LEVY OF A
SPECIAL BENEFIT LEFY PURSUANT TO MINNESOTA STATUTES,
SECTION 469.033, SUBDIVISION 6 AND APPROVAL OF A BUDGET FOR
FISCAL YEAR 2007
•
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Mound HRA Minutes -August 8, 2006
Mayor Meisel turned the meeting over to Acting Chair Osmek for the next item on
the agenda, because of a possible perceived conflict of interest.
6. Consideration of options for financial assistance for possible proposed
development in Auditor's Road area
Dave Newman of Mound Harbor Renaissance Development, LLC, updated the
HRA on a meeting that they and Welsh Company had with the Ridgeview Clinic
regarding a possible site for the clinic. The clinic is looking at four possible sites,
two being out of town, one being their present location and the other in the
Auditor's Road area.
Welsh delivered a letter of intent earlier today and will continue meeting with the
clinic. Newman indicated that the preliminary figures show a $1.5 to 2 million
shortage, which is a significant gap that they don't know how they could fill. They
felt an obligation to update the city of this and asked for a sense of direction, and
requested the HRA to have staff research financing options to bridge the gap. It
was the consensus of the HRA to have staff do this financing research and report
back findings.
The meeting was turned back to Chair Meisel
7. Ad'~ourn
MOTION by Specht, seconded by Osmek to adjourn at 7:07 p.m. All voted in
favor. Motion carried.
Chair Pat Meisel
Attest: Bonnie Ritter, City Clerk
2
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._ . ~ ~
• Mound HRA
Indian Knoll Manor
Property Manager's Monthly Report
August 25, 2006
Manager's Agenda
• July Bank Statement
• June Income Statement
• Review of Bills Paid
• Manager's Report
Vacancy update
Resident Council Report
•
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IroELLS FARGU BANK, N.A.
1221 GOtJR'TYARt7 BUSJNESS @ANK1INCi
POST OFFICE BOX t35f4
MINNI_APOLIS, MN 55479
r~i'i1~lllil~tll~~~r1 {t1~iN~9i~1~ UY~1~1 Uil t~il ~r H~f1~~U
Nt)USTN~G Jf REDEVELOPMENT AUTHORITY
SPECIAL ACCOUNT
caTY oIF MtaukD
FIINANCE DIRECTOR
541 MAYWQt7D RD
MQUND MN 55364-1627
~~ege a of
1408
Account Nurnbar.•
Statement Period:
tnia pe Caunt:
CO3tJQ
3.330
Ju! 1, ~6"
.Jul 3!, 2'006
f5
!f you have any questions atinut this sfaterrtent ar your accounts, cafl: 800-2?.5-5935 rf-800-CALL-W,ELLS).
Pout' l~ccauets at a Glance
Account
Type
Bas~us s Checking with /merest
8e inning DeF osits! Withdrawals!
Balance Grerlits Debits
6,036.37 16,158.32 - 15,648.33
Endtnp
@a/anre
8,546.36
fYcwa from Wells Farga
Basic @uslnaas Checking with lnta~rest 000.OQ.43530
Housing & Rgdevslopment Authority
Specta Account
Jun 30 eejllnning @alance 8r0.?6.3T
Jul 31 Endir-g @Adance 8,546.36
Oeposlts add Gredits ... ..............._----_._............~-_-------,_......._........_.____................_----....._...--------- --------..._.
Posted
Dat® Transaction Detail A-naunt
Ju105 deposit 4,416.04
Ju105 Aepasft 3,Bpg,p0
Ju105 Deposit 8,00
Ju105 Deposit ~6,0Q
Ju105 Depaslt faq.ap
Jut 90 Deposit 687,E
Jut of hud Tre~as 303 Mlsc Pay or1 106 4fa9sa42r6s0i03
Rn~rwv"tJ99f27450••~-""`hud onerArinp Funa MNO740 ~,osa.3n
JuJ 26 Deposit 1,689.75
Jul 39 Interest Payment 2,0?
Checks Fatd ..-...-----.-~_-_....._...___......_.-_-___._._.._.__....__.~.-__.~.~_.___.
Check # Date Amount
2291 ~a JuJ d3 ~ 62.OA
Jul 05
2~~ " Jul 9 r ~~o:oo
2309 + Jul 18 f 03.OQ
~~1r~ Ju1 }~ f,fa~.7a
2319 Jul f9 2,90a^.00
" Gap in Chock Sequence
,
~ ttem convert®r~ to substrtute chec:•k
Check # Date Amount
2312 Jul f 9 359.87
23ta Ju118 252.95
2314 Jul ?7 790.96
?.315 Jul t 8 103.00
239 B Jul 9 T 24.50
2317 Jul f 7 1,482.25
Contin~+ed on next page
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Fage 2 of 3
Hausinp~ & Redevetoprrtent Authoriiy
Specta AcGaunt 1~
ACC~ant JVunaver:
OUO-0033530
Sfaf~rner~t Encl Qate: 07x31/08
Checks Paid _....~..----- ..._M,.___ .......,_ ....... ............... -------
-Check #~.•_ Date. ~_~_._~-- --Rrnount Check # Date Anrount
2318 Jut 28
23151 Jut l7
' 31.83
7'41
3
26 2320 -------- Ju127 "'__. ~.___ 3,820.69
Gap in Check Se~rauence ,
.
* ltam convsrled to substitute check
Daily Balance Su+r+mary -------------~_.----•--- -------------- ---•---_..-----__--__.......__
..._------
-,....__---..._~.
DAte _
__ ___ _-
.... t3al~rnce
-- Uate $alance
Jeri 30
Ju103 8,036.37
7,9;4
37 Jut 18 -- __-__w___~......~-.,._..
JuJ 19 ._..___ 3,870.03
Jut 05
Jul 10 .
17,675.37
Jul 26 10,707.06
12
as6
81
Jut 91 18,362.37
22,x00,87 Jut 27
Jul 28 ,
,
8,576.12
Jul f2
Jul 17
21,2C1T.15
Jul 31 8,544,28
8
546
38
14,x28,18 .
.
Average Collected Balance ,~ 13,563.$4
Intoraat Sutnfnary ---._._..~.------._._.------... ..._~----..... .._.__.._..._~_,.----_-_._-_._ ..............---.._....--- ..._.._----._...._...
Annual Percentagge Yield EarneC This Period
/ntprest Earned Dtu~in
r Thi
P
i
d 0,18°ro
y
er
s
o
Year to Date lnierest and Bonuses Paid 2 A7
14 70
• For Your Interest -
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Th~aryk ynu /or aanktr~g ~vr'th Wells Fargo.
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MBL4
Summary Statement
July 2006
For more information, call MBIA Asset Management at (800)345-5505
Fax: (800)765-7600
4M~ForID
Mound Housing and Redevelopment Authority
Account Number. MN-O1-0258-2001
Account Name: GENERAL FUND
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $589,290.26 $0.00 $0.00 $2,461.51 $590,554.36 $591,751.77
Fiscal YTD
Endin 12/31/0 $501,135.55 $76,000.00 $0.00 $14,616.22 $561,020.45 $591,751.77
Account Number. MN-01-0258-2002
Account Name: MOUND HUD
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $1,844.34 $0.00 $0.00 $7.75 $1,848.34 $1,852.09
Fiscal YTD
Endln 12/31/0 $1,804.56 $0.00 $0.00 $47.53 $1,827.41 $1,852.09
Total of all accounts
Beginning Contributions Withdrawals Income Average Daily Month End
glance Earned Balance Balance
This Month $591,134.60 $0.00 $0.00 $2,469.26 $592,402.70 $593,603.86
Fiscal YTD
Endin $502,940.11 $76,000.00 $0.00 $14,663.75 $562,847.86 $593,603.86
July 2006
Page: 1
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Mound, MN Public hlousinq
2020 Commerce Bouievalyd
Mound, MN 55364
As ®F
June 30, 2006
BALANCE SFIEET
ASSETS
111101 -Cash General Fund
111700 - Petty Cash
112200 - Tenants Accounts Receivable
112900 - City of Mound
116200 - General Fund Investments
121100 - Prepaid Insurance
140002 - Development Cost
140003 - Development Cost Contra
140005 - Accumlated Depreciation
140007 - Buildings
140008 - Fumiture,Equipment,Machines-Dwelling
140009 - Fumiture,Equipment,Machines-Admin
140016 - Land Improvements
140017 - Building Improvements
140055 - Mod Cost Complete
140095 -Mod Cost Uncomplete
150600 -Mod Cost Uncomplete Contra
TOTAL ASSETS
C7
SURPLUS AND LIABILITIES
211400 - Tenants Security Deposits
211410 -Tenants Pet Deposits
211499 - Security Deposit Interest
212900 - Notes Pay Levy Fund
213700 - Payment in Lieu of Taxes
213701 -PILOT Current Year
280200 - HUD PHA Contribution
280600 - Retained Earnings
Current Year Net Activity
TOTAL SURPLUS AND LIABILIT
7, 916.34
100.00
520.00
910.11
1,788.03
1,762.97
1,505,904.64
{2,168,063.55)
(1,860,807.58)
1, 642, 970.53
33, 551.61
17,493.01
22,640.04
578,072.55
662,158.91
38,463.92
(6,803.001
(8,743.00)
(2,700.001
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Mound, MN Public Housing
2020 Commerce Boulevard
Mound, MN .55364
As Of
June 30, 2006
Statement of Operating Receipts & expenditures
YTD Over
Current YTD Prorated (Under)
Activi Balance Budget Budget
311000 - Dwelling Rental
312000 - Excess Utilities
Total Rental Income
(11,033.29) (93,831.58) (96,765.03) (2,933.45)
(130.00) (130.00) (450.00) (320.00)
(11,163.29) (93,961.58) (97,215.03) 3,253.45
361000 - Investment Interest/General Funds (2.41) (20.53) (299.97) (279.44)
369000 - Other Income (310.75) (1,830.72) (1,665.00} 165.72
802000 - Operating Subsidy (4,991.00) (48,937.00) (51,672.78), (2,735.78)
Total Other Operating Receipts (5,304.16) (50,788.25) (53,637.75) 2,849.50
Total Receipts
Expenses
411200 -Manager Payroll
414000 - Staff Training
415000 - Travel
417000 - Accounting Fees
417100 - Auditing Fees
419000 - Sundry-Administrative
419500 - Outside Management
Total Administrative Expense
422000 - Tenant Services
Total Tenant Services Expense
431000 - Water
432000 - Electricity
433000 - Gas
439000 - Other Utility Expense
439100 - Garbage Removal
Total Utilities Expense
441000 - Maintenance Labor
442000 - Materials
443000 - Contract Costs
448000 -Protective Services
Total Maintenance Expense
(16,467.45) (144,749.83) (150,852.78) 6,102.95
3,206.50 26,746.00 25,650.00 1,096.00
0.00 ' . 0.00 600.03 (600.03)
0.00 0.00 450.00 (450.00)
150.92 2,140.28 2,279.97 (139.69)
0.00 5,500.00 5,625.00 (125.0
323.74 10,809.84 19,327.50 (8,517.66,
850.00 5,950.00 0.00 5,950.00
4,531.16 51,146.12 53,932.50 (2,786.38)
0.00 0.00 450.00 (450.00)
0.00 0.00 450.00 (450.00)
168.23 1,426.69 1,500.03 (73.34)
1,113.73 10,628.31 10,919.97 (291.66)
2,903.00 24,360.71 27,524.97 (3,164.26)
1,088.87 8,954.40 7,620.03 1,334.37
314.72 3,024.23 5,400.00 (2,375.77)
5,588.55 48,394.34 52,965.00 (4,570.66)
3,104.75 28,893.25 32,017.50 (3,124.25)
569.95 5,026.69 5,699.97 (673.28)
392.09 7,080.21 7,245.00 ('164.79)
0.00 0.00 630.00 (630.00)
4,066.79 41,000.15 45,592.47 (4,592.32)
2
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Mound, MN Public Fiousin~t
2020 Commerce boulevard
Mound, MN 55364
As Of
June 30, 2006
Statement ®f ®perating Receipts ~ Expenditures
451000 - Insurance
452000 - Pmts In Lieu Of Taxes
454000 - Employee Benefit Contributions
Total General Expense
Total Routine Expense
Total Nonroutine Expense
Total Expense
1(T® Over
Current YTD Prorated (Under)
,4ctivi Ealance Budget Eud et
918.96 7,957.01 8,669.97 (712.96)
278.74 2,278.37 2,362.50 (84.13)
946.69 8,889.81 10,980.00 (2,090.19)
2,144.39 19,125.19 22,012.47 (2,887.28)
16,330.89 159,665.80 174,952.44 (15,286.64)
0.00 0.00 0.00 0.00
16,330.89 159,665.80 174,952.44 (15,286.64)
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....
ICES SORTED BY VENDOR
2020 COMMERCE BLVD FROM July 1, 2006 THROUGH July 31, 2006
MOUND, MN 55364 August 9, 2006
PAGE: 1
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
NUMBER NAME DATE DATE NUMBER S NUMBER AMOUNT TOTAL
6 WESTPORT PROPERTIES INC 07-10-2006
6 WESTPORT PROPERTIES INC 07-07-2006
6 WESTPORT PROPERTIES INC 07-10-2006
7 WESTPORT PROPERTIES PAYROLL 07-13-2006
7 WESTPORT PROPERTIES PAYROLL 07-25-2006
20 XCEL ENERGY 07-10-2006
34 HOME DEPOT CREDIT SERV-MOUND 07-10-2006
34 HOME DEPOT CREDIT SERV-MOUND 07-10-2006
34 HOME DEPOT CREDIT SERV-MOUND 07-10-2006
34 HOME DEPOT CREDIT SERV-MOUND 07-10-2006
34 HOME DEPOTn CREDIT SERV-MOUND 07-10-2006
/~ ~C.. ~ ~'~,'~~I L L~, ~~ C~ ~,,.~ ~ ~1.~
54 RENTAL RESE11ARCH SERVICES, INC.07-10-2006
-----------------------------------------------
56 CenterPOint Energy 07-10-2006
100 FRONTIER ~ ~,,s 07-10-2006
~,WrW
101 C NABER and ASSOCIATES 07-10-2006
102 MOUND TRUE VALUE HARDWARE 07-10-2006
102 MOUND TRUE VALUE HARDWARE 07-10-2006
102 MOUND TRUE VALUE HARDWARE 07-10-2006
102 MOUND TRUE VALUE HARDWARE 07-10-2006
102 MOUND TRUE VALUE HARDWARE 07-10-2006
JUL2006 2317 S JUNE06 POSTAGE
JUL2006 2308 S JUNE06 MGMT FEE
JUL2006 2317 S JULY06 RECURRING
TOTAL PAID
------------------------------------------------
JUL2006 2319 S 07/15/06 PAYROLL
JUL2006 2320 S 07/31/06 PAYROLL
TOTAL PAID
JUL2006 2318 S 51-6383341-8 JUN06
TOTAL PAID
JUL2006 2313 S 2016627
JUL2006 2313 S 6014949
JUL2006 2313 S 6017313
JUL2006 2313 S 6110623
JUL2006 2313 S JUNE06 SUPPLYS
--TOTAL PAID
JUL2006 2316 S 87232 JUN06
TOTAL PAID
JUL2006 2311 S 8000012941-3 JUN06
----------TOTAL PAID
JUL2006 2312 S 716712 JUN06
TOTAL PAID
JUL2006 2309 S JUNE06 SERVICES
TOTAL PAID
JUL2006 2315 S 21792
JUL2006 2315 S 22129
JUL2006 2315 S 22177
JUL2006 2315 S 22354
JUL2006 2315 S 22648
16.83
850.00
15.00
681.83 881.83
---------------------
3741.26
3820.69
7561.95 8443.78
---------------------
1452.25
1452.25 9896.03
---------------------
76.55
7.96
43.00
104.37
20.27
-252.15------10146.18
24.50
24.50 10172.68
2903.00
2903.00------13075.68
359.97
359.97 13435.65
.---------------------
103.00
103.00 13538.65
20.55
22.97
8.58
10.76
4.77
_lo_
dui ... 1 I 1
I NVOICES SORTED HY VENDOR
2020 COMMERCE BLVD FROM July 1, 2006 THROUGH July 31, 2006
MOUND, MN 55364 August 9, 2006
PAGE: 2
~OR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
NUMBER NAME DATE DATE NUMBER S NUMBER AMOUNT TOTAL
102 MOUND TRUE VALUE HARDWARE 07-10-2006 NL2006 2315 S 22694 9.48
102 MOUND TRUE VALUE HARDWARE 07-10-2006 JUL2006 2315 S 22820 25.87
TOTAL PAID 103.00 13641.65
104 CITY OF MOUND 07-10-2006 JUL2006 2310 S 2020 JUN06 1193.72
TOTAL PAID 1193.72 14635.37
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--
----
--------
90005 -----------------------------
HSBC BUSINESS SOLUTIONS --------------
07-10-20D6 -------------
JUL2006 ----------
2314 ------
S -----------------------
302412106093952 ----
---------
----
---
25.92
90005 HSBC BUSINESS SOLUTIONS 07-10-2006 JUL2006 2314 S 302413206097992 39.51
90005 HSBC BUSINESS SOLUTIONS 07-10-2006 JUL2006 2314 5 318612706080531 70.04
90005 HSBC BUSINESS SOLUTIONS 07-10-2006 JUL2006 2314 S 351713706041458 294.59
90005 IONS
HSBC BUSINESS SOLUT 07-10-2006 JUL2006 2314 S JUNE06 STATEMENT 280.90
I
~~ djl ^ ~~ ,(/ ~^ TOTAL PAID 710.96 15546.33
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