2001-10-23~ •
•
ACFNDA
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
OCTOBER 23, 2001
7:00 P.M.
7:00 1. OPEN MEETING
2. ACTION APPROVING AGENDA, WITH ANY AMENDMENTS
3. ACTION APPROVING MINUTES: SEPT 26, 2001
4. EXECUTIVE DIRECTOR'S REPORT, WITH ANY NECESSARY ACTION
5. ACTION ADOPTING A REIMBURSEMENT RESOLUTION FOR THE
METROPLAINS DEVELOPMENT PROJECT
6. ADJOURN
•
CITY OF MOUND
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION N0.01-09H
A RESOLUTION DELETING ITEMS FROM THE 2001 DEPRECIATION REPORT
WHERES, the Mound Housing and Redevelopment Authority has a Depreciation Report
list; and
WHEREAS, some items on this report have to be taken off for various reasons as
stated on the attached list;
NOW, THEREFORE BE IT RESOLVED by the Housing and Redevelopment Authority
of the City of Mound that the attached list of items be deleted from the 2001
Depreciation Report.
The foregoing resolution was moved by Commissioner Hanus and seconded by
Commissioner Brown.
The following voted in the affirmative: Hanus, Brown, Meisel, Anderson and Meyer.
The following voted in the negative: None.
Adopted by the Mound HRA this 23~d day of October, 2001.
Chairperson Pat Meisel
Attest: Executive Director
1
I3RA 10-23-01
Present: Brown, Hams, Meisel, Anderson, Meyer.
Kandis, Bonnie, Pinky, Mel Robeck,
Called to order at 7:05 p.m. by Chair Meisel
2. Approve Agenda; I{at-dis: delete #5, determined done in past -repetitious.
HanusJBrown. All ayes.
3. Approve minutes: Brown/Meyer. All ayes.
4. Executive Director's Report:
Monthly bills for October: Brown: StaySafe: everytime somebody moves, change locks? Pinky: she does
that herself. That is more utility doors, maintenance doors, boiler room. -helpers have had keys, then
needed to change. Brown: reason brought up, just at a building where have credit raid key system. Pinky:
security system 31 years old, and doesn't work very well.Bown: there's one that works through your PC.,
also traces entries. Brown will get name and Pinky will look into.
Hanus/Brown to accept. All ayes.
Resolution 01-09: Iianus/Brown approve. All ayes.
Additions to inventory: Meisel questioned recycling pickup oontainet for 5450. Mel said it's a cart used an
1st floor, through secondary garbage chute. Also: bucket for 565. Next month Mel will be at meeting to
explain in more detail.
Budget Progress report
INFO items: Marquette Bank, Wells Fazgo, MBLA Statement.
Mel: siding of building finally complete -all happy.
Brown/Meyer. All ayes. At 7:20 p.m
f
THE HOUSING AND REDEVELOPMENT AUTHORITY
OF THE CITY OF MOUND
•
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RESOLUTION # 01-09H
RESOLUTION
WHEREA5, the Mound Housing and Redevelopment Authority has a
Depreciation Report list;. anal
WHEREAS, some items on this report have~be taken off for various reasons as
stated on attached list. ~~ \\
NOW THEREFORE BE IT RESOLVED by the Board of Commissioners that
the attached list of items be deleted from the 20 eport.
Pat Meisel, Chairperson
Karol Charon, Executive Director
Date
Date
•
CITY OF MOUND
HOUSING AND REDEVELOPMENT AUTHORITY
.SEPTEMBER 25, 2001
The Mound Housing and Redevelopment Authority of. Mound, Hennepin County,
Minnesota, met in regular session on Tuesday, September 25, 2001, at 6:30 p.m. in the
council chambers at 5341 Maywood Road in said City.
Members Present: Chairperson Pat Meisel, Commissioners Bob Brown, Mark Hanus,
Kim Anderson and Peter Meyer, and Tenant Representative Pauline Payne.
Others Present: City Attorney, John Dean, Acting City Clerk, Bonnie Ritter; Finance
Director, Gino Busnano; Commu-pity Development Director, Sarah Srnith; HRA Director,
Pinky Charon.
1. OPEN. MEETING
Chairperson Pat Meisel opened the meeting at 6:30 pm.
2. APPROVE AGENDA
MOTION by Brown, seconded by Hanus to approve the agenda. All voted in favor.
Motion carried.
3. APPROVE MINUTES
MOTION by Meyer, seconded by Anderson to approve the minutes of the August 28,
2001 meeting. All voted in favor. Motion carried.
4. EXECUTIVE DIRECTOR'S REPORT
A. Monthly Bills feat` September; 2001
Chair Meisel questioned the amount being paid to the maintenance helpers.
Charon stated that Mel would appear at the November meeting to review the
building renovations and charges. The Commission also expressed concern
over the inconsistency in the work being done on the siding. The contractor is
not staying with the. job to get it completed.
MOTION by Hanus, seconded by Brown to approve the bills for September,
2001. All voted in favor. Motion carried:
B. Performance Funding Calculation
It was noted that this revised calculation of performance funding is for $49,093.
Charon can't explain the formula, but the amount of funding to be received
should be between $3,000 and the $49,093.
MOTION by Hanus, seconded by Brown to adopt the following resolution. All
voted in favor. Motion carried.
•
•
HRA Minutes -September 25, 2001
RESOLUTION N0.01-0$H: RESOLUTION APPROVING CALCULATION OF
PERFORMANCE FUNDING SYSTEM
•
C. Information Items:
1. Marquette Bank Statement
2. Wells Fargo Bank Statement
3. MBLA Summary
4. Tenant's Meeting of 8/29/01
5. ADJOURN
MOTION by Brown, seconded by Hanus to adjourn at 6:45 pm. All voted in favor.
Motion carried.
Attest: Executive Director
Chair Pat Meisel
RESOLUTION 01-08H
PI3A/IHA Board Resolution Approving U.S. Department of Housing
Operating Budget or Calculation of and Urban Development
Performance Funding System Office of Public and Indian Housing
Operating Subsidy vtvtts woorovat ao. ~~r r-auto (t:xp, wr~try
rwuc ncpunmg nuwou w~ uun wuo~.u ... ........................ _._..._~_ ._ _. ___o_ -- _ -- _ -
searentng extsttng oats sources, gatnenng ana matntatntng the oats neeaea, ana eomptettng ana re+newtng the cottectton or tnrormatton. Sena comments
regaromg tnts ouroen esumate or any~otner aspect of mts couecaon of mtarmanon, mcttwtng suggesnons ror rcauc[ng m[s ouraen, to me xepo[v
rvtanagemen[ utncer. utttce of lnrotmauon rot[ctcs ana systems,. u.~. vepartment of ttoustng ana uroan uevetopment, wasnmgton, L.t.;. tv4tu-~ouv
ana [o me utnce of tvtanagement ono tsuagec, rapenvont ete¢uenon rro)ect tt~ r r-uu~o), wastung[on, u.~. tu~W. uo no[ Sena [nts cornpte[ea torm [o
eimer or u[e aoove aaarosaees.
' Acting on behalf of the Board of Commissioners of the below-named Public Housing Agency (PHA)llndian Housing
Authority (IHA), as its Chairman, I make the following certifications and agreements to the Department of Housing and
Urban Development (HUD) regarding the Boazd's approval of (check one or more as applicable):
(date)
Operating Budget Submitted on:
Operating Budget Revision Submitted on:
Calculation of Performance Funding System Submitted on:
Revised Calculation of Performance Funding System Submitted on: ~ .'~~ C3~
I certify on behalf of the: (PHAlIHA Name) MOUND HOUSING AUTHORITY that:
1. All regulatory and statutory requirements have been met;
1. 'l'he t'HA has suttictent,operating reserves to meet the working capital needs oi'1ts developments;
3. Proposed budget expenditures are necessary to the ettictent and economical operation of the housing for the purpose
of serv[ng low-Income residents;
4. The budget indicates a source of funds adequate to cover all proposed expenditures:
5. The calculation of eligibihty for N'ederal tundmg is m accordance with the provtslons ot~ the regulations;
V. All proposed rental charges and expenditures will be consistent with provtslons of law;
7. The 1'MA/1HA will comply with the wage rate requirements under 24 (;r'K N62i.1 I U(e) and (t) or Z4 t.;r'K ySU. t'LU(c)
and (d);
ZS. The YHAl1HA wilt comply with the requirements ibr access to records and audits under 'L4 C:r'K y6tS.l I U(t) or
or 14 (:t•'!t JSU.1'lU(g); and
y. The YHA/1HA will comply with the requirements Tor the reexamination of tamely Income and composition under
24 Ca•'!i 16U.2U'J, yyU.l l5 and y5U.3 l5.
1 herby certity that all the intormatton stated within, as welt as any infoimanon provided to the accompaniment herewith, is
true and accurate.
Warning HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. L001, 1010. 1012;31 U.S.C.
3729, 3802)
oar trmans erne type tgnature: ate:
Pat Meisel ~~ 9/25/01
•uscw~tt~dasote~ts9s-eoa.szan ~a formHUD-52574(10/95)
Previous edition is obsolete .ref. Handbook 7375.1
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CITY OF MOUND
PUBLIC NOTICE
PH: (952) 472-0600
FAX: (952) 472-0620
WEB: www.cityofmound.com
NOTICE IS HEREBY GIVEN THAT THE HOUSING AND REDEVELOPMENT
AUTHORITY MEETING SCHEDULED FOR OCTOBER 23, 2001
WILL BEGIN AT 7:00 P.M.. NOT 6:30 P.M.
•
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.. ~Z~°/t..,
Bonnie Ritter
Acting City Clerk
Posted 10/18/01
5341 MA`MfOOD ROAD
MOUND, MN 55364-1687
printed on recycled paper
EXECUTIVE DIRECTOR'S REPORT
FOR
INDIAN KNOLL MANOR
..................
OCTOBER 23, 2001,x!
__
ACTION ITEMS:
1. Monthly Bills for October 2001
2. Resolution # 01-09, Deleting Items From Deprecation Report,
(Mel will be attending this meeting to discuss deleted items and
items that have been added to our inventory)
INFORMATION ITEMS:
1. Accountants Monthly Report
2. Marquette Bank
3. Wells Fargo Bank
4. MBLA Statement
TENANT REPRESENTATIVE REPORT
NEXT MEETING -NOVEMBER 27, 2001
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
Indian Knoll Manor
•
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# Check No. VendorlMerchant Amount Comments
1 4587 MSI $2,441.74 Boiler repair
2 4588 BFI 315.86 trashl recycling
3 4589 B. Sylvester 57.50 submit 50058's
4 4590 R H R 25.00 background checks
5 4591 U S Postmaster 68.00 postage
6 4592 Sta Safe 110.00 locksmith
-7 A593_ Dept_of Labor & Industry. 130.00 boiler inspection
8 4594 Housing Auth Ins 3,630.00 liability ins
9 4595 Citizens Communications 273.42 phones
10 4596 City of Mound 127.00 Public Off Liability
11 4597 Root O Matic 202.50 sewer cleaning
12 4598 Reliant Energy 1,607.00 gas
13 4599 City of Mound 980.81 sewer/ water
14 4600 M E 1 147.12 elevator service
15 4601 Ikon 214.53 copier ink
16 4602 C. Haber 175.00 accountant
17 4603 Minn Comm 38.50 pager
18 4604 Leo Utecht 151.50 security deposit
19 4605 Irene Stevenson 244.00 security deposit
20 4606 Marquette -IRS 1,000.00 4gtr taxes
21 4607 Sterne Electric 5,172.60 roof fans
22 4608 A T 8~ T Universal 1,741.34 sundry, maim supplie
23 4609 Mound True Value 1,063.44 maim supplies
24 4610 Excel 1,292.64 electric
25 4611 Ameriguard 164.00 empty dishonesty bo
26 4612 Liberty Mutual 32.00 workmens comp
27 4613 Karol Charon 151.55 mileage
28 4614 I O S Captial 109.37 copier lease
29 4615 Mound HRA Apt # 308 368.00 rent
30 4616 Mound HRA Apt # 104 312.00 rent
31 4617 Shean Soderberg 262.00 maim helper
32 4618 Raydene Mohn 171.00 maim helper
33 4619 Linda Brown 1,120.00 maim helper
34 4620 Darrin Brown 1,120.00 maim helper
35 4621 Karol Charon 1,367.40 exec director
TOTAL:
TOTAL ACC. PAYABLE
Begining Bank Bal.
Deposits MTD
ENDING BANK BALANCE
$26,386.82
$26,386.82
$99,662.00
$10,000.00
$83,275.18
Signature:
AccPay
10/08/2001
' ~ MOUND HOUSING AND REDEVELOPMENT AUTHORITY
Indian Knoll Manor
# Check No. Vendor/Merchant Amount Comments
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1 Balance previous page $26,386.82
2 4622 Melvin Robeck 1,595.62 maint mgr
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
TOTAL:
TOTAL ACC. PAYABLE
Begining Bank Bal.
Deposits MTD
ENDING BANK BALANCE
Signature:
$27,982.44
$27,982.44
$99,662.00
$10,000.00
$81,679.56
AccPay
10/08/2001
_ ~
. Marquette g
MARQUETTE ~ BANK , N . A . .. Ba~
MOUND OFFICE P~9e30-01
PO BOX 1000 NEMeERF01G 33530
MINNEAPOLIS MN 55480-1004 g - 115
www.marquette.com
34 HOUSING & REDEVELOPMENT AUTHORITY
SPECIAL ACCOUNT
2020 COMMERCE BLVD
MOUND MN 55364-1575
1267 I~I~I~~i~lu~ll~~il~~~I~~I~~~lI~I~I~I~~~I~I~I~I~I~~I~I~~~~Jtl
AS OF NOVEMBER 1, 2001 "'A REDEPOSIT RETURN ITEM
NON SUFFICIENT -FUNDS CHECKS TO FEE FOR
XOUR
REDEPOSITING
ACCOUNT WILL BE ASSESSED AT $3.:00 PER ITEM .
Account Number 33530 BUSINESS "CHECKING
Account Activity from 8-31-01 to 8-30-01
Number of :.Items 114,402.85
'
Previous Balance 2 1;1,.590..89
+ Deposits
+ Electronic Deposits - 1 .00 .
61.25
+ Other Deposits/Credits. .00
- Electronic Withdrawals
- Other Withdrawals/Debits- 32 .00
26,39.2.54.
- Checks Raid _'99,662.45
Current 'Balance
Interest Summary 8/31/01
ned From
E to 9/30/01
30
ar
Interest
Days in Period -
Interest Earned 61.25
,68
Annual Percentage Yield Earned 560
Interest Paid this Year
Interest Withheld this Year - 00
Deposifs
Date Description Amount
10313.89
9-11 CUSTOMER DEPOSIT
CUSTOMER DEPOSIT 1277..:0.0
9-25
2 11,590.89
Total Deposits
Other Deposit/Credit- Activity
Description Amount
25
61
Date
9-30 INTEREST PAYMENT " .
_1
Total Other DepositsiCredits 61.25
Continued .on Next-.Page
~..~
c~nm Nniiewr,
M31A
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Summary Statement
`,~f l OM•
i
II ~
n
September 2001
For more information, call MBIA Client Services at (800)395-5505
Fax: (800)765-7600
4M~~Fur~
Mound Housing and Redevelopment Authority
Accnnnt Number: MN-O1-0258-2001
Account Name: GENERAL FUND
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $73,667.01 $25,000.00 $0.00 $202.35 $77,102.72 $98,869.36
Fiscal YTD
Ending 12/31/01
$215,255.03
$49,000.00
$170,000.00
$4,614.33
$129,400.19
$98,869.36
Account Number: MN-O1-0258-2002
Account Name: MOUND HUD
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $11,080.59 $0.00 $0.00 $29.17 $11,095.89 $11,109.76
Fiscal YTD
Ending 12/31/0
$20,666.52
$0.00
$10,000.00
$443.24
$12,885.65
$11,109.76
Total of all accounts
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $84,747.60 $25,000.00 ~ $0.00 $231.52 $88,198.61 $109,979.12
Fiscal YTD
Ending 12/31/01
$235,921.55
$49,000.00
$180,000.00
$5,057.57
$142,285.84
$109,979.12
Septembe-• 2001 Page: 1
FC n
K `.~J ~ V ~ r O~
ffEMS REMOVED FROM INVENTORY LIST
RIDING LAWN MOWER...PURCHASED 1993...5983.49 #23
COMPLETELY WORN OUT AND REPAIR COSTS WOULD HAVE EXCEEDED VALUE VERSUS
LIFE EXPECTANCY, DESTROYED
RIDING LAWN MOWER...PURCHASED 1985...5600.00 #42
THIS IS A MISTAKE, SHOULD NOT BE LISTED
BAGGER FOR RIDING MOWER...PURCHASED 1995...5212.99 #24
NOT REPAIRABLE, DESTROYED
_ -_ _ - _ __
SMALL RED DEVIL VACUUM CLEANER...PURCHASED 1997...5104.96 #26
NOT REPAIRABLE, DESTROYED
EUREKA VACUUM UPRIGHT CLEANER...PURCHASED 1997...579.86 #27
NOT REPAIRABLE, DESTROYED
WET/DRY VACUUM...PURCHASED 1g85...S80.00 #30
DESTROYED
WET/DRY VACUUM...PURCHASED 1985...5$9.00 #32 RETURNED AND PURCHASED
#30 AS LISTED ABOVE
SMALL RED DEVIL VACUUM CLEANER...PURCHASED 1985...570.00 #33
DESTROYED
DIRT DEVIL VACUUM...PURCHASED 1998...579.86 #50
DESTROYED
ELECTRIC CIRCULAR SAW...PURCHASED 1985...$50.00 #35
DESTROYED
EXTENSION LADDER 16' ...PURCHASED 1985...560.00 #28
BROKEN, NOT REPAIRABLE, UNSAFE, DESTROYED
GAS WEED TRIMMER...PURCHASED 1g85...S60.00 #37
NOT REPAIRABLE, DESTROYED
PROPANE BBQ...PURCHASED 1985...5125.00 #40
NOT REPAIRABLE, DESTROYED
ELECTRIC HAMMER DRILL...PURCHASED 1885...5200.00 #43
NOT FOUND
3/z INCH HAMMER DRILL..PURCHASED 1996...5164.00 #25
NOT FOUND
POOL TABLE...PURCHASED 1985...5300.00 #~
SLATE TOP BROKEN, REPLACEMENT REPAIR PROHIBITIVE, GAVE AWAY
DRAIN AUGER...PURCHASED 1985...5600.00 #34
MISTAKE, SHOULD NOT BE LISTED, ONLY HAVE EVER HAD ONE OF THESE
•
ITEMS ADDED TO INVENTORY AND DEPRECIATION LIST
2000 - 2001
MAJOR IMPROVEMENTS TO BUILDING AND GROUNDS
NEW REFRIGERATORS IN SERVICE...13...536100 TOTALLING S4,693.00
OLD REFRIGERATORS IN SERVICE...37
NEW ELECTRIC STOVES IN SERVICE...6...$268.00 TOTALLING $1,608.00
_ _ __.-OLD ELECTRIC STOVES IN- SERVICE.:.44
NEW TOILETS IN SERVICE [COMPLETE]...21
NEW KITCHEN FAUCETS IN SERVICE...44
NEW LAVATORY FAUCETS IN SERVICE...44
NEW SHUT-0FF VALVES AND WATER FEED LINES...190
NEW SHOWER HEAD UNITS [COMPLETE]...10
ABOVE NOTED PLUMBING MATERIAL COSTS ..................Si1,700.00
OLD TOILETS IN SERVICE...29
OLD KITCHEN FAUCETS IN SERVICE...6
OLD LAVATORY FAUCETS IN SERVICE...6
OLD SHOWER HEAD UNITS IN SERVICE...40
NEW APARTMENT SMOKE DETECTORS IN SERVICE...10 TOTALLING 5577.00
OLD APARTMENT SMOKE DETECTORS IN SERVICE...40
INTERIOR SECURITY LIGHTING IN SERVICE .......................55,129.01
WILL REQUIRE ADDITIONAL INTERIOR AND EXTERIOR SECURITY LIGHTING
SECURITY CAMERA/MONITOR SYSTEM FOR PARTIAL INTERIOR IN SERVICE...S8,139.14
WILL REQUIRE INTERIOR EXPANSION AND EXTERIOR SYSTEM
NEW CARPETING IN SERVICE [1 BEDROOM]...13 TOTALLING S8,710.00
NEW CARPETING IN SERVICE [EFFICIENCY]...11 TOTALLING $4,620.00
NEW CARPETING IN SERVICE [CARETAKERS UNIT] TOTALLING 51,288.00
NEW CARPETING IN SERVICE TOTAL UNITS...25 TOTALLING $14,618.00
OLD CARPETING IN SERVICE...25 UNITS
PARKING LOT IMPROVEMENTS
NEW CONCRETE PARKING PADS...S570.00
NEW PARKING SPACE POLES AND SIGNS...$1,430.00
NEW SUMP PUMP AND PARKING LOT DRAIN TILES...S990.00
TOTAL FOR ABOVE...S2,990.00
NEW BUILDING VINYL SIDING (COMPLETE]
INSURANCE PAYMENT...S105,200.00
NEW EXTERIOR DRAIN TILES AND FIELD LINES FOR BUILDING...S1,100.00
NEW ROOF ON 2NO FLOOR, NORTH-EAST BUILDING SIDE
NEW ROOF ON 3RO FLOOR, NORTH-EAST BUILDING SIDE
ROOF REPAIR ON 4TM FLOOR, NORTH-EAST BUILDING SIDE
ROOF REPAIR ON 2ND FLOOR, SOUTH-EAST BUILDING SIDE
TOTALS FOR ABOVE MATERIALS...S9,650.00
NEW ROOF EXHAUST FANS/MOTORS/FRAMING FOR NINE [9J UNITS ON 4*E+ FLOOR ROOF
TOTAL FOR ABOVE NOTED...S7,125.00
NEW LANDSCAPING OF OVERALL GROUNDS (PARTIAL]
TREES, SHRUBS, BUSHES, GRASS, AND FENCING
TOTALS FOR ABOVE NOTED...$8,450.00
NEW EXTERIOR BUILT-IN REDWOOD TABLE AND 12-CHAIRS...S2,500.00
NEW OFFICE FURNITURE CUBICLE AND CHAIR...S2,100.00
__ _ .NEW OFFICE COMPUTER. MONITOR.:S450.00 . _ _
TOTAL FOR ABOVE...S2,550.00
INVENTORY CONTROL FOR MAINTENANCE TOOLS AND EQUIPMENT
GARBAGE AND TRASH CONTROL
1 -RECYCLING PICKUP CONTAINER...S450.00
10 -RECYCLING CONTAINERS...S475.00
1 -INTERIOR GARBAGE CART...S425.00
TOTALS FOR ABOVE...S1,350.00
WINDOW CLEANING EQUIPMENT
1 -EXTENSION BAR/HANDLE...S125.00
1 - BUCKET...S65.00
1 - 1&FOOT EXTENSION LADDER...S215.00
ELECTRIC POWER WATER SPRAYER...S220.00
MISC - SQUEEGES, LAMBS WOOL PADS...S165.00
TOTALS FOR ABOVE...5790.00
LAWNCARE EQUIPMENT
POWER LAWNBOY MOWER...$445.00
POWER LAWN TRIMMER...$85.00
600 FEET OF WATER HOSE...S240.00
MISC LAWN CARE TOOLS...S480.00
TOTALS FOR ABOVE...S1,250.00
SNOW REMOVAL EQUIPMENT
SMALL POWER SNOW BLOWER...S340.00
MISC SNOW REMOVAL HAND TOOLS...S18S.00
TOTALS FOR ABOVE...S525.00
CARPET AND TILE CARE EQUIPMENT
WET/DRY VACUUM AND ATTACHMENTS...S790.00
MISC BROOMS, MOPS, BUCKETS, HAND TOOLS...S315.00
TOTALS FOR ABOVE...S1,105.00
PAINTING EQUIPMENT
AIR COMPRESSOR...S495.00
AIR DRIVEN POWER PAINT SPRAYER...S790.00
ELECTRIC POWER PAINT SPRAYER...S250.00
1&FOOT EXTENSION LADDER...$225.00
20-FOOT EXTENSION LADDER...S285.00
2-SETS OF EXTENSION LADDER ARMS...S165.00
4FOOT STEP LADDER...S85.00
6-FOOT STEP LADDER...$125.00
1- 3X5 PAINTING TOOL CART...S485.00
2 - SETS OF INTERIOR PAINTING LIGHTS...$340.00
MISC BRUSHES, PADS, ROLLERS, TRAYS, DROP CLOTHS, AND HAND TOOLS...S380.00
TOTAL FOR ABOVE...$1,865.00
CARPENTRY EQUIPMENT/TOOLS
~s _INCH ...POWER-DRILL_ AND. BITSa$159.00
3/8 INCH SHEETROCK DRILL AND BITS...S89.00
3/8 INCH POWER DRILL AND BI7'S...S10100
~z INCH CONCRETE POWER DRILL AND BITS...$245.00
POWER CIRCULAR SAW AND BLADES...S165.00
POWER SANDER AND PADS...$70.00
1- 3X4 TOOL CART...S385.00
MISC LEVELS AND HAND TOOLS...$400.00
TOTALS FOR ABOVE...S1,614.00
PLUMBING EQUIPMENT/TOOLS
3/s INCH POWER DRILL AND ATTACHMENTS...$225.00
1/z INCH RATCHET AND SOCKET SET...S90.00
3/8 INCH RATCHET AND SOCKET SET...S79.00
3 - PIPE WRENCHES...S160.00
TORCH SODDERING SET...S60.00
MISC SPECIALTY PLUMBING TOOLS...S250.00
1-CRESCENT WRENCH SET...S925.00
1- 3X4 TOOL CART...$385.00
TOTALS FOR ABOVE...$1,374.00
CONCRETE EQUIPMENT/TOOLS
2 - WHEELBARRELS...S310.00
2 -CONCRETE LEVELS...$160.00
MISC FLOATS, TROWELS, DRILL BIT SET, EDGERS, SHOVELS...S300.00
TOTALS FOR ABOVE...S770.00
MAINTENANCE ROOM WORK BENCH AND SHELVING...$2,400.00
•
Mound, MN Public Housing
2020 Commerce Boulevard
Mound, MN 55364
For The Period Ended
8131101
BUDGET PROGRESS REPORT percent
Of
YTD
B lan e Budget Budget
REVENUES.__
l
t 342.58)__
(112, (122,800.00.}
00)
(1
260 91.00
78.00
a
3110.00 Dwell. Ren
3120.00 Excess Utilities (986.43)
(1 0 0. 0) .
,
(1.200.00) 83.00
00
91
3190.00 Nondwell Rental (114,329.01) (125,260.00) .
Total Rental Income
(1,210.00) 51.00
3610.OOInvest.lnterest
e
I (620.08)
(66,590.53) (66,600.00)
(1~~) 100.00
100.00
ncom
3690.00 Other
8020.00 Operating Subsidy (13,879.00)
(81,189.61}
(81,789.00) gg,Op %
Other Operating Receipts
(207 049.00 94.00
(195 518.62
TOTAL. RECEIPTS
640.00
20 95.00 %
EXPENSES
4110.00 Admin. Salary 19,579.38
182,72
1 ,
1,200.00 99.00
00
76
4150.00 Travel
00 Accounting Fees
4170 ,
1,290.00
00
0 1,700.00
1,000.00 .
0.00
0
.
4171.00 Auditing Fees .
10 91.91 11.790.00
00
330
36 93.0
91.00
0.00 Sundry-Admin. 33,044.01 .
,
~al Administrative Exp.
2,740.16 3,250.00
600.00
14 84.00
81.00
4310.00 Water
4320.00 Electricity 11,800.80
1 9
960.40 ,
24,800.00 80.00
00
82
4330.00 Gas
4390.00 Other Utility Exp. ,
8,394.44
g2 ,78 10,290.00
3.060.00 .
76.00
00
81
4391.00 Garbage Removal 45,222 58 56,000.00 .
Total Utilities Exp. _
200.00
21 92.00
4410.00 Maint. Labor 19,537.10
53,840.78 ,
63,890.00
47 050.0 84.00
89.00
4420.00 Materials
4430.00 Contract Costs 42 07 71
115,457.59
132,140.00 87.00
Total Maintenance Expense
•
1
Mound, MN Public Housing
BUDGET PROGRESS REPORT CONTINUED
4510.00 Insurance
4520.00 Pmts In Lieu Of Tax
4540.00 Emp. Benefit Contr
4570:00 Collection-Losses
Total General Exp.
Total Routine Exp.
4610.03 Extra Maint Cont.
6010.00 Prior Year Adj-Cash
7520.00 Repl Nonexp Equip
7540.00 Betterments & Addition
Total Nonroutine Exp.
TOTH.i_ EXPENSES
Increase/(Decrease) To
Retained Earnings
•
•
YTD
B la ance
4,016.08
3,455.32
3,613.64
(151.00)
10,934.04
204,658.22
19,327.79
1,583.86
2,234.29
9 493.96
32 639.9
237 2 81
ud et
4,600.00
3,640.00
3,790.00
0.00
12 030.0
236 500. 0
23,220.00
0.00
3,000.00
21.710..00
47 93 0
.284.430.00
r„ a, u ,
Percent
Of
Bu et
87.00
95.00
95.00
0.00
91.00
87.00
83.00
0.00
74.00
44.00
68.00
83.00
MEMORANDUM
10/19/01
To: HRA Board and Executive Director
From: John Dean
Subject: Reimbwsement Resolution.
In recent discussions, MetroPlains has proposed that one of the limited revenue notes that we will
issue be sold to a third party rather than to MetroPlains. The advantage to MetroPlains is that it will
receive the principal amount of the note all at once rather than over time. MetroPlains is also
requesting that the note be sold on a tax exempt basis. This will increase the principal amount of the
note and will get it back closer to the size everyone was expecting before the tax law changes.
The specifics of the financing aze still being worked out, and will be brought to you for
consideration at a future meeting.
The proceeds from the sale of a tax exempt note can be expended on costs incurred after the note is
issued or on costs that aze incurred not eazlier than 60 days prior to the date that the issuer adopts a
Reimbursement Resolution. Consequently, if the HRA adopts the Reimbursement Resolution, and
if the HRA approves the issuance of a tax exempt note in the future, then MetroPlains will be able
to use the proceeds to reimburse itself for costs that it has incurred in the past two months. Those
costs include the pwchase of property. If the Reimbwsement resolution is not adopted, then
MetroPlains will be prevented from using tax exempt note proceeds to reimburse such costs.
As indicated, the approval of the resolution does not obligate the HRA to issue a tax exempt note.
The decision on issuance of the note will be made at a future date after the HRA has been presented
all of the information necessary to make an informed decision.
This matter has been reviewed by the HRA's fiscal consultant and by bond counsel at my firm and
both recommend that the attached resolution be adopted.
•
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MOUND, MINNESOTA
RESOLUTION NO.
DECLARING THE OFFICIAL INTENT OF THE
HRA TO REIlVIBURSE
CERTAIN EXPENDITURES FROM THE PROCEEDS
OF BONDS TO BE ISSUED BY THE HRA
WHEREAS, the Internal Revenue Service has issued Treas. Reg. § 1.150-2 providing that
proceeds oftax-exempt bonds used to reimburse prior expenditures will not be deemed spent unless
certain requirements are met; and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Mound
("HRA"), or a private developer undertaking a redevelopment project under contract with the HRA,
expects to incur certain expenditures which may be financed temporarily from sources other than
bonds, and reimbursed from the proceeds of a bond;
NOW, THEREFORE, BE I'T RESOLVED BY THE BOARD OF COMMISSIONERS
("BOARD")OF THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF MOUND AS FOLLOWS:
1. The HRA reasonably intends to make expenditures, or cause a private developer to
make expenditures, for the project described in Exhibit A (the "Project"), and reasonably intends to
reimburse such expenditures from the proceeds of debt to be issued by the HRA in the maximum
principal amount described in Exhibit A.
2. The HRA's executive director is authorized to designate appropriate additions to
Exhibit A in circumstances where time is of the essence, and any such designation shall be reported
to the Board at the earliest practicable date and shall be filed with the official books and records of
the HRA.
3. This resolution is intended to constitute a declaration of official intent for purposes
of Treas. Reg. § 1.150-2 and any successor law, regulation, or ruling.
•
Approved by the Board of Commissioners of the Housing and Redevelopment Authority in
and for the City of Mound this day of October, 2U01.
Attest:
Executive Director
•
Chair
•
EXHIBIT A
TO OFFICIAL INTENT RESOLUTION
ADOPTED October , 2001
Date of
Declaration Description of Project
October _, 2001 MetroPlains/Westonka School
Site Redevelopment Project
Maximum Principal
Amount of Debt
for Project
$4,000,000