2006-01-24l !1
PLEASE TURN OFF ALL CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
I-~
C'o ~-~
AGENDA
MOUND HOUSING & REDEVELOPMENT AUTHORITY
REGULAR MEETING
TUESDAY, JANUARY 24 - 7:15 PM
MOUND CITY COUNCIL CHAMBERS
Pale
1. Open meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: November 22, 2005 regular meeting 1-2
`~ January 17, 2006 special meeting 3
4. Action on Resolution Appointing John Beise as Acting Chairperson 4
of the HRA for 2006.
5. Indian Knoll Manor Property Manager's Monthly Report 5-17
6. Adjourn
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
NOVEMBER 22, 2005
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota, met in
regular session on Tuesday, November 22, 2005, at 7:15 p.m. in the council chambers of
city hall
Members Present: Chairperson Pat Meise; Commissioners Bob Brown, Mike Specht,
John Beise, and Indian Knoll tenant representative Sharon Wardwell.
Members Absent: Commissioners David Osmek.
Others Present: City Attorney John Dean, Executive Director Kandis Hanson, City Clerk
Bonnie Ritter, Community Development Director Sarah Smith, Finance Director Gino
Businaro, Cindy Reiter
1. Open Meeting
Chair Meisel opened the meeting at 7:15 p.m.
2. Approve Agenda
MOTION by Beise, seconded by Specht to approve the agenda. All voted in favor. Motion
carried.
3. Approve Minutes
MOTION by Specht, seconded by Brown to approve the minutes of the November 8, 2005
meeting. All voted in favor. Motion carried.
4. Indian Knoll Manor Property Manager's Monthly Report
Cindy Reiter presented her manager's report as follows:
A. October Bank Statement
B. September Income Statement
C. Review of bills paid: Brown questioned the bill from Dream Kare, asking what
service they provide, and was informed that they provide for the lawn care, etc.
He also questioned the bill from Personal Concepts and Reiter will check into
.this and get back to him on what that bill is for.
MOTION by Brown, seconded by Specht to approve the bills of October, 2005.
All voted in favor. Motion carried.
D. Manager's Report
(1) Budget Submission: There were numerous questions regarding the
budget and Reiter will supply a breakdown of line items 330-360
(Ordinary Maintenance and Operation), line item #15 (forms, stationary,
office supplies) of the Administration Budget,
MOTION by Brown, seconded by Beise to approve the budget as
presented. All voted in favor. Motion carried.
-1-
HRA Minutes -November 22, 2005
E. Resident Council Report -Sharon Wardwell reported on holiday activities of the
residents and commented that the new resident manager is doing a good job.
5. Adjourn
MOTION by Specht, seconded by Beise to adjourn at 7:32 p.m. All voted in favor. Motion
carried.
Chair Pat Meisel
Attest: Bonnie Ritter, City Clerk
2
-2-
MOUND HOUSING AND REDEVELOPMENT AUTHORITY MINUTES
JANUARY 17, 2006
The Housing and Redevelopment Authority of and for the City of Mound,
Minnesota, met in special session on Tuesday, January 17, 2006 in the council
chambers of city hall.
Members Present: Chairperson Pat Meisel; Commissioners Bob Brown, Mike
Specht, John Beise and David Osmek.
Others Present: Community Development Director Sarah Smith, Public Works
Director Carlton Moore, City Planner Bruce Chamberlain, Dave Newman, Peter
Pflaum, Jerry Paquin, Tom Stokes, Bill Baxley, Paula Larson, Barbara Peterson,
Danene Provencher, Bill & Dorothy Netka, Amanda Schwarze.
1. Open Meeting
Chairperson Meisel opened the meeting at 7:30 p.m.
2. Presentation by Representatives of Mound Harbor Renaissance
Development, LLC.
Dave Newman of MHRD presented a preliminary design concept and gave an
overview of the result of preliminary research associated with commercial and
residential markets. The condo market is currently soft. He stated that they have
been interviewing potential partners for the second phase of development. Most
of the potential retail partners indicated that the strongest retail area in the
downtown area is near Commerce Blvd and Shoreline (aka the Transit District),
however the current development scheme for this area does not include retail,
but rather a parking deck.
Following discussion it seemed that asub-phased approach to Auditor's Road is
most feasible, with development to be anchored on the east side. The
preliminary concept for the east end includes a 22,000 sq. ft. commercial retail
building that will include a restaurant. The anticipated next step is to locate a
restaurant partner.
3. Discussion
Citizens presented were asked if they had questions and none were offered.
4. Adjourn
MOTION by Brown, seconded by Osmek to adjourn at 8:25 p.m.
Chair Pat Meisel
Attest: Bonnie Ritter, City Clerk
-3-
CITY OF MOUND
RESOLUTION NO. 06-01 H
RESOLUTION APPOINTING JOHN BEISE
AS ACTING CHAIRPERSON OF THE HRA FOR 2006.
WHEREAS, the By-Laws governing the Housing and Redevelopment Authority of and
for the City of Mound state that at its first meeting each year an Acting Chairperson shall
be appointed; and ,
WHEREAS, The Acting Chairperson shall perform the duties of Chairperson during the
disability or absence of the Chairperson from the City or, in the case of vacancy in the
office of Chairperson, until a successor has been appointed and qualifies;
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mound,
Minnesota, to appoint John Beise as Acting Chairperson of the Housing and
Redevelopment Authority for 2006.
Adopted by the HRA this 24th day of January, 2006.
Chair Pat Meisel
Attest: Bonnie Ritter, City Clerk
-4-
t r
MOUND HRA
INDIAN KNOLL APARTMENTS
PROPERTY MANAGER'S MONTHLY REPORT
JANUARY 24, 2006
Manager's Agenda
A. December Bank Statement
B. November.lncome Statement
C. Review of bills paid (motion to approve)
D. Action on Financial Report -year ended September 30, 2005,
and Manager letter from Abdo Eick & Meyers, LLP
E. Adopt Resolution Authorizing Execution of an Amendment to
Cooperation Agreement
F. Manager's Report
G. Resident Council Report
-5-
WELLS FARGO BANK, N.A.
NlCOLLET MALL OFFICE
POST OFFICE BOX 8 514
MINNEAPOLIS, MN 55479
~I~I~~I~I~~~II~~II~~~I~~i~~~ll~ll~~~~l~ll~~~l~l~~l~~~ll~ll~~
HOUSING & REDEVELOPMENT AUTHORITY
SPECIAL ACCOUNT
CITY OF MOUND
FINANCE DIRECTOR
5341 MAYWOOD RD
MOUND MN 55364-1627
Page 1 of 3
1370 (CO300)
Account Number: 000-0033530
Statement Period: Dec 1,-2005-
Dec 31, 2005
Image Count: 25
If you have any questions about this statement or your accounts, call: 800-225-5935 (1-800-CALL-WELLS).
Your Accounts at a Glance
Account Beginning Deposits/ Wifhdrawals/
Type Balance Credits Debits
Basic Business Checking with Interest 14,668.41 10,761.01 - 17,274.17
000-0033530
News from Wells Fargo
'Ending .
Balance
8,155.25
Basic Business Checking with Interest 000-0033530
Housing & Redevelopmenf Authority
Special Account
Nov 30 Beginning Balance
Dec 31 Ending Balance
Deposits and Credits ---------------------------------------
Posted
Date Transaction Detail
Dec 09 Deposit
Dec 09 Deposit
Dec 09 Deposit
Dec 09 Deposit
Dec 21 Deposit
Dec 30 Interest Payment
Checks Paid -------------------------------------------------------
Check # Date Amount
2129 Dec 06
2130 Dec 01
2133 Dec 12
2134 Dec 05
2135 Dec 09
2136 Dec 13
2137 Dec 12
2138 Dec 09
2139 Dec 22
2140 Dec 13
'Gap in Check Sequence
+ Item converted to substitute check
Confinued on next page
14,668.41
i
8,155.25
Amount
3,954.00
3,818.00
1,606.00
380.00
1,001.00
2.01
Check # Date Amount
440.36 2141 + Dec 12 287.74
338.50 2142 Dec 14 45.00
8.07 2143 Dec 12 1,372.15
1,202.92 2144 Dec 19 103.00
3,117.65 2145 Dec 19 97.92
100.54 2146 Dec 15 904.78
59.96 2147 Dec 15 3,447.02
52.27 2148 Dec 23 59.68
487.00 2149 Dec 28 427.24
91.69 2151 Dec 23 59.83
-6-
r
. ~
Page 2 of 3
~ . 9371
Housing &'Redevelopmenf Authority Account Number: 000-0033530
Special Account Statement End Date: 12/31/05
Checks Paid -==------------------------------=-----------------------------------------------------------------------------------------------------
Check ## Date Amount Check # ' Date Amount
2152 Dec 29 133.13 2155 Dec 23 209.10
2153. Dec 22 193.98 2156 ` Dec 29 3, 760.87
2154 Dec 23 273.77
Gap in Check Sequence
Item converted to substitute check
Daily Balance Summary -=-'------------------------------------------------------------------------------------------------
Date Balance Date Balance'
Nov 30 ____ _____ w ~~ 14,668.41 Dec 15 Wwr`~~WM~ ~~12,957.76
Dec 01 14,329.91 Dec 19 12,756.84
Dec 05 13,126.99 Dec 21 13;757.84
Dec 06 12, 686.63 Dec 22 13, 076.86
;Dec 09 19,274.71 Dec 23 12;474.48 `
Dec 12 17,546.79 Dec 28 92,047.24'
Dec 13 17,354.56 Dec 29 8,953.24;:°
Dec 14 17,309.56 Dec 30 8, 955:25
Average Collected Balance $ 13,119.23
Interest Summary ------------------------------------------------
Annual Percentage Yield Earned This Period
interest Earned During This Period
Year to Dafe Interest and Bonuses Paid
,--..
0.18
2.09
26.35
For Your Interest
Thank you for banking with Wells Fargo.
-7-
~.
MBIA
~~~?Z1TZ~~ Statement
~-~~~~~~~ zoa~
Far ma~^e iwtarmstfion, cant MBLA, Asset M#mageoan~ent at
Faa:
~~rUl~
MOau~dd Hoasin~ and R,edieve~opment Authority
Acamnt Nnmt~er: MN-01.0256-7.061 Ac~oount Name: GENERAL FUND
acginioipg Contn'butiona W#thdrawals Incottse Average Daily Month Emd
Balance Earned Balance t~alance•
'I"l~is Month $499,501.47 $0.00 50.00 57„634.08 5500,336.54 5501,135.55
Fiscal YTD
F_tadin 12/31/ $417,708.28 $70.000.00 50.00 513,427.27 5453,849.f0 5501,135.55
Acawnt Nnmixe: MN-0x-0256-ZDOZ Aa~ouni Name: MOUND H[lD
Heginniag Contributions Withdrawals Income ,Average Aaily Mom End.
Balanw Earned Balagcx BalanvC
't'his Month 51,798.71 30.00 30.00 55.85 51,801.71 51 804.56
Fiscal Y'I'D
' 12/31/0 S31,556.05 50.00 510,000.00 ~ S2A8.51 59,147.74 $1,804.56
Total of a~~ accounts
I;eginning Contributions Withdrawals lncoiuge Averag~ee Daily Month 13nd
Haiaaex Ba~encd Balaacs Balance
This Month 5501,300.18 50.00 50.00 $1.634.93 5502,138.?S SSOZ,440.11
Fiscal YTD
8ndia Sd29,26A,33 370 000.00 510,000.00 513,675.78 5463,046.Ba 5502,440.11
Aecexabar 2095 1 i
-$-
Mound. MN Public WvusinA
2020 Gammerce Boulevard
Mlound. MN 55364
As QF
Novembetif 30, 2005
BALANCE SHEET
ASSEr'S
111101 -Cash General Fund
7,06.53
111700 - Petty Cash 900.00
00
68''4'
112200 -Tenants Accounts Receivable .
112900 - City of Mound 810.11
03
1
788
116200 - General Fund investments ,
.
921100 - Prepaid Insurdnce 5,878.66
904.64
1
505
140002 - Development Cost
140003 - Development Cost Contra ,
,
(2,168,063.55)
140005 - Accumlated Depreciation (1,880,807.58)
140007 - Buildings 1,842,970.53
14000$ - Fumltur®,E=quipment,Machines-0welling 33,551.81
140009 - Furniture,Equipment,Machines-Admin 17,493.01
140016 - Land Improvements 22,840.04
!40017 - Building Improvements 57$,072.55
158
91
662
140055 - Mod Cast Complete .
.
92
38
463
140095 -Mod, Cost UnCOmplete
950600 -Mod Cost Uncomplete Contra ,
.
(6.803.oa~
~'OTAL ASSETS 481.9.
SURPLUS AND LIABILf1'IES
211400 -Tenants Security Deposits (8,255.00)
211410 -Tenants Pet Deposits (2,740.00)
14)
(613
211499 - Security Deposit Interest .
(60
000
00)
212900 - Notes Pay Levy Fund ,
.
18}
64$
(3
213740 - Payment in Lieu of Taxes
n .
,
37)
(5$2
t Year
213709 -PILOT Curre
280200 - HUt7 PHA Contribution .
(223,985.75)
'
2$0600 - Retained Earnings .56)
(181,027
Current Year Net Activity (1.154,401
TOTAL SURPLUS AND 41ABiL1T1ES
-9-
Mound. NIN Public Moustn+~
2020 Commerce Boulevard
Mound. tNN 55~G4 ~ ,
As Of
Novemtx~r 30.2005
Statement of Operating Receipts & Expendtturee
311000 - Dwelling Rental
312000. - Excess Utilities
Total Rental Income
3$1000 - Investment InteresUGenerat Funds
369000 - OtheC income
802000 - operating Subsidy
Total Other Operating Receipts
Total Receipts
Expenses
411200 -Manager Payroll
414000 - Staff Training
415000 - Travel
417004 -Accounting Fees
417100 - Auditing Fees
419000 - Sundry-Adrninistrativs
419500 = putside Management
Total Administratlve Expense
422000 -Tenant Services
Total Tenant Services Expense
431000 - Water
432000 - Electricity
433000 - Gas
439000 - Other Utility Expense
439100 - Garbage Remavai
7ota1 Utilities Expense
441000 - Maintenance Labor
442000 - Materials
443000 - Contract Costs
448000 -Protective Services
Total Maintensr•c~a Expense
YTD Over
Current YTD Prorated (Under)
ivi Baf~ i3_udaet Budget
(10,191.Q0) (20,930.00) (21,503.34) (573.34)
0.00 0.00 X00.00) „ (1Q0.00}
(10,191.00) _
{20,930.00) (21,603,34y 675.34
(2.73) {5.89) (6686) (60.77)
0.00 0.00 (370.00) (370.00)
(6,332.00 .- (12,fi64.~ (11,154.84} ~ 1,509.16
(8,334.73) (12,669.85) (11,591.50) (1,078.89)
16 525.73 _, (33,599.89 33,194.84) (405.05)
2,030.00 5;028.50 5,700.00 (671.50)
0.00 0.00 .133.34 (133.34)
0,00 0.00 100.00 (100.00)
150.92 198.84. 506.66 (307.82)
0.00 0.00 1,250.00 (1,250.00)
2,857.39.. .. 3,559.56. 4,295.00 (735.44)
850.00 850.00 0.00 850.00
5,888.51 9,838.90 11,985.00 (2,348.10)
a.oo o.o0 100.00 (100.00)
0,00 0,00 100.00 (100.00)
205.43 205.43. 333.34 (127.91)
2,847.98 2,847.9$ 2,426.68 221.32
4,690.85 4,690.85 8,116.88 (1,425.81 }
1,179.99 1,179.99 1,693.34 (513.35)
5513.40 558.40 1,200.00 1641.80)
9,282.65 9,282.65 11 1770.00 2,487,35)
3,542.00 6,347.50 7,115.00 (767.50)
603.59 1,068.39 1,288.66 (198.27)
1,417.38 1,738.59 1,610.00 128.50
0.00 0.00 140.00 (140.00)
5,562.87 9154.48 10.431.66 _ (977.98)
-10-
Mound, MN Public Housins~
2020 Commerce Boulevard
Mound MIN 55364
As a-f
November 30.2005
Statement of Qperating Receipts & Expenditures
451000 - Insurance
452000 - Pmts In Lieu Of Taxes
454000 - Employee Benefit Contributions
Tate! General Expense
Total Routine Expense
Total Npnroutine Expanse
Total Expense
yTp Ovar
Current YTD PYarated (Under)
pctivi Balance Bud e B d e
1
549.00 1,&48.30 1,926_ii6 (78.36)
,
45,42 582.37 525.00 57,37
1 070,18 1,940.79 2,440.0(7 _„_ (498.21 }
60
2
664 4 371.48 4.891.66 ~2~
,
. _
_ 23,398.53 ~ 32,445.49 38,8'78.32 (6.432.83)
0
00 0.00 0.00 0.00
. _
23,398.53 3z,445.d9 38 8~?8.32 {6,43~.83~
-11-
INDIAN tOeOLL MANOR
lD2o cora~esRCE az.vD
MOUND, MN 55364
PAID IIPVOIC88 SOATBD SY VSlIDOR
PROM December 1, 2005 Tf3ROCT~IB DeeeltlbQr 31, 2005
Janu~aey 19, 2006
PAOE: 1
VENDOR VENDOR CHECK ACCTG CHBCR M INVOICE IN'VOICS CUMULATIVE
NUMHSI~ NAME DATE DATE NUliB$Yt S NUMBER AMOUNT TOTAL
3 RROGRAMMEP MANAGRMLNT COTiP 12-09-2005 DEC200S 2145 S 70336064 97 _92
TOTAI+ PAID 97 .92 97. 9a
w 6r w£8TPORT PROPERTIES INC I2-D9-200S DEC2045 2146 $ NOV POSTAGE 24 .7B
6 wESTPORT PROPERTIES INC 12-D9-2005 DEC200S 2146 $ NOV MOMT FEE 850.00
6 WESTPORT PROPSR'1'IES INC lZ-D9-2005 DBC20D5 2146 $ DSC RECURRING 30.00
TOTAL pALD 904,78 1002.70
7y^ WESTPORT PROPERTIES PAYROT+L 12-13-2005 pEC2D05 2147 S 13/15/05 Pilyr011 3447.02
7 NESTPORT PROPERTIES PAYROI+A 12-2T-2005 pEC2005 219d 3 12/31/05 PAYROLL 3760.87
TOTAL ?AID 7207.99 8210.59
---------~^--------p--------~~--------~^------....------....
87 Ollice ae of 12-Ze-2005 pgC2005 2161 S 317091649 1S.S5
TOTAL PAID 15.85 8226.44
yp AT,7.Igp WASTE SERVICES 12^15-1005 DEC2DD5 2149 s D894-ooaa57639 427.24
TOTAA PAID 427.26 8653.68
95 B 9YLVESTER, LLC 13-15-2005 DEC2005 2150 S NOVEMBER 05 SERVICE 62.00
TOTAL PAID 63.-00 9715.68
99 MINNESOTA ELEVATOR INC 12-15-2005 DEC2005 2153 8 85995 193.98
TOTAL PAID 133.98 9909.66
100 PRONi'IER 12-2e-2005 D&C2005 2158 8 9524725079 DEC L33.53
TOTAL MAID 433.53 9393.19
101 C NABER and A380CIATES 12-09-2005 DEC2005 2144 S 33811 103.00
101 C NRBSR and ASSOCIATES 12-28-2005 A$C2005 2157 $ 34042 625.00
TOTAL PAID 72$.00 10071.19
SD2 MOUtiD TRUH VALUE pARDWAR6 13-15-2005 DBC2005 219A S X04898 -36.00
103 MOUND TRUE vALUE HARDWARE 12-15-2005 DEC2005 2154 B XOSD93 29.43
102 MOUND '3'RUE VALUE HARPwARE 12-15-2005 DBC2005 2154 $ X05139 57.22
102 MOUND TRUE VALUE HARDWARE 12-15-2005 DEC3005 3154 S X05147 17.05
_12_
1
1
PAiA iNVOSCES 80&TED BY VENDO&
INDIAN I~OL1+ MANOR PROM December 1, 2005 TP3~AL~ pecgnber 3l, 3005
2050 CpMM8RC8 BLVD Jenua~xy 19, 3006
IjQ(J~iD, MN 553b4 PAG&; 2
CH9CR M INVOICE INV~xCE CUM[TLATLVE
yfiNDOR VENDOR CHBCR ACCTO
NUMBER 8 NUMpER AMOtI'b1T TOTAL
=Y~iMBER 17AMfi
AT8
DATfi L
-------------
-.,.•-- --~..-
.__.__---~•_'_
MOUND TRUE VALVE HARDWARE 1a-15-2005 i1FRC10D5 2154 8 X05350 37.5 '
1,02
2
MOUND TRWE VALUE AARDwARE
X2-15-2005 DSCTD05
2154 B X05398. 7.98
10
tOUND TRUE Vpyug HARDWARE
12-15-2005 DEC2005
2154 8 X04895 85.97
102. r
TOTAL PAID x09:10 10280,29
-' -^^ +- x118 8 238538 59.68
103 ADAMS PEST CONTROL INC 12-15.2005 D8C2005
TOTAL PAID 59.68 10339.97
^ -- 1151 s 01,3-132159ea 11/20 59.83
111 CingularlATi~T wirele8ti 12-15-2005 pEC30o5
TOTAL PAID 59.63- 10399.80
'-' - -"~---
IKON PxmANCIRL SERVICE - LSABRla-15-x008 DfiC2005
2182 S 67532758 333.13
1x5
TOTAL PAID 133..13 1D531.93
.~ 00-00-0000 SSP100d 1691 S 3020/311 RRT S/D 393.18
137 KireG Rondeau
TOTAL PAID 383.28 10916•x1
wABTB TEQ~pLO(iY INC
13-15-x005 DSC1005
2],85. S
94334
Z 3.77
90010
TOTAL PAID 173-77 11189.98
------•
94011 ------._'-------- -------•----
LDCSERVCO 1a-28-2005 DsCaOOS 2159 s
f 10544.310
1,/ 493,87
~V ~ ~' 'Y [ ~ ~ ~~f'~ ~ O~(j f (,/ y~ // /~y ~( ~r
~~~
[ 7 AL PAID
x 93.87
11883 .85
- -----
90012 " --------'•--------"^---
JRS AppLIANCS AxBPOSAL INC
la-a8-2005 D6C2005
216D B 47823 95.00
TOTAL PAID 95.00 11778.95
-13-
.~.
~/ 5341 MAYWOOD ROAD
i OF MOUND MOUND, MN 55364-1687
PH: (952) 472-0600
FAX: (952) 472-0620
WEB: www.cityofmound.com
January 20, 2006
TO: Mayor and City Council
HRA
FROM: Bonnie Ritter
RE: Resolution on Cooperation Agreement between City and HRA
This resolution is to authorize an amendment to a cooperation agreement
between the City and HRA regarding the annual Payment in Lieu of Taxes. This
is a housekeeping item that stems back from 1991 and 1997 (as shown by the
attached letter from HUD.
If you have any questions, please feel free to contact me.
Bonnie
®prlnted on recycled paper
-14-
'"'
nP~MENTDa
0Q y0
~ N
N
0
A@~N DFVE~'~
1VIs. Kandis Hanson, Executive Director
Housing and Redevelopment Authority of Mound
5341 Maywood Road
Mound, MN 55364-1627
Dear Ms. Hanson:
Subject: Request for Missing Documents
U.S. Department of Housing and Urban Development
Minneapolis Field Office
920 Second Avenue South, Suite 1300
Minneapolis, Minnesota 55402-4012
OCT 2 6 2005
During a recent review of our files, we found copies of two letters, dated April 9, 1991 and
October 1, 1997, for which we have received no response. I have enclosed copies of each letter,
along with their enclosures.
For the Apri19, 1991 Letter, regarding Project No. MN074001, we have received a copy of
"`~ the recorded new Declaration of Trust, and we still need copies of the Resolution Proceedings
and General Certificates and a recorded copy of the Release of Declaration of Trust.
We have not received any of the documents requested in our letter of October 1, 1997 and
request that you submit them at this time.
If you have any questions, please contact Michelle Kielas, Paralegal Specialist, at 612/370-
3000 x2240.
Very sincerely yours,
Stephe~i J. one old
Chief Co s 1
Enclosures
www.hud.gov espanol.hud.gov
-15-
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 06- H
RESOLUTION AUTHORIZING EXECUTION OF AN AMENDMENT TO
COOPERATION AGREEMENT
WHEREAS, the Housing and Redevelopment Authority of Mound, Minnesota
owns and administers low-rent housing projects consisting of 50 dwelling units
within the municipal boundaries of the City of Mound, Minnesota, and
WHEREAS, the City of Mound, Minnesota, entered into a Cooperation
Agreement with the Housing and Redevelopment Authority of Mound, Minnesota
in connection with such Project dated April 15, 1968, and
WHEREAS, the Cooperation Agreement states that the Project is exempt from
all real and .personal property taxes and special assessments, but provides that
the Housing and Redevelopment Authority of Mound, Minnesota shall make
annual payments (called "Payments in Lieu of Taxes") in lieu of such taxes and
special assessments in the amount of ten percent (10%) of the Shelter Rent
charged during the preceding fiscal year, and
WHEREAS, the City of Mound, Minnesota, and the Housing and Redevelopment
Authority of Mound, Minnesota have agreed to amend the Cooperation
Agreement to provide for Payments in Lieu of Taxes in the amount of five percent
(5%) of the Shelter Rent actually collected during the preceding fiscal year,
NOW, THEREFORE BE IT RESOLVED:
1. That the City of Mound, Minnesota shall enter into an Amendment to
the cooperation Agreement with the Housing and Redevelopment
Authority of Mound, Minnesota in substantially the attached form.
2. That the Chairperson be and is hereby authorized and directed to
execute said Amendment, in quadruplicate, on behalf of said City of
Mound, Minnesota, and the City Clerk is hereby authorized and
directed to affix the corporate seal of said City of Mound, Minnesota,
thereon and to attest to same.
3. That this Resolution shall take effect immediately.
Adopted by the HRA this 24th day of January, 2006.
Chair Pat Meisel
Attest: Bonnie Ritter, City Clerk
-16-
AMENDMENT TO COOPERATION AGREEMENT
WHEREAS, the Housing and Redevelopment Authority of Mound, Minnesota (herein
called the "Local Authority") and the City of Mound, Minnesota (herein called the
"Municipality") entered into a certain Cooperative Agreement (herein called
"Agreement"), dated April 15, 1968; and
WHEREAS, in order more fully to assure the accomplishment of the purposes of the
amended Agreement, the Local Authority and the Municipality now desire to modify and
revise the Agreement without affecting the rights or obligations of either the Local
Authority or the Municipality thereunder, except as herein expressly provided;
NOW, THEREFORE BE IT RESOLVED the Municipality and the Local Authority do
hereby agree that the Agreement shall be and the same hereby is modified and revised
by this Amendment.
Section 3(b) is revised to read as follows:
"(b) Each such annual Payment in Lieu of Taxes shall be made after the end of
the fiscal year established for such Project, and shall be in an amount equal to
either (i) five percent (5%) of the Shelter Rent actually collected but in no event to
exceed five percent (5%) of the Shelter Rent charged by the Local Authority in
respect to such project during such fiscal year, or (ii) the amount permitted to be
paid by applicable State Law in effect on the date such payment is made,
whichever amount is the lower."
Adopted the 24~h day of January, 2006.
IN WITNESS WHEREOF the Municipality and the Local Authority have respectively
signed this Agreement and caused their seals to be affixed and attested as of the day
and year first above written.
(SEAL) City of Mound, Minnesota
By:
Attest: Bonnie Ritter, City Clerk
(SEAL)
Attest: Kandis Hanson, Executive Director
Mayor Pat Meisel
Housing and Redevelopment authority
of Mound, Minnesota
By:
-17-
Chair Pat Meisel