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2003-07-22
AGENDA MOUND HOUSING AND REDEVELOPMENT AUTHORITY JULY 22, 2003 PAGE 1. OPEN MEETING 2. ACTION APPROVING AGENDA, WITH ANY AMENDMENTS 3. ACTION APPROVING MINUTES: JULY 8, 2003 REGULAR MTG 1-2 4. REPORT ON INDIAN KNOLL MANOR BY CINDY REITER OF 3-11 WESTPORT PROPERTIES, WITH ANY NECESSARY ACTION 5. ADJOURN • • MOUND HOUSING AND REDEVELOPMENT AUTHORITY JULY 8, 2003 The Mound Housing and Redevelopment Authority of and for the City of Mound, Minnesota, met in regular session on Tuesday, July 8, 2003, at 6:30 p.m. in the council chambers of city hall . Members Present: Chairperson Pat Meisel; Commissioners Bob Brown, Mark Hanus, David Osmek and Peter Meyer. Others Present: Acting Executive Director Gino Busin, Community Development Director Sarah Smith., City E Alcon, Ken Parbix, Peter Johnson, Tom Stokes, Rick @ Prosser. 1. OPEN MEETING Chair Meisel called the meeting to order at ~ p.m. 2. APPROVE AGENDA MOTION by Brown, seconded by Motion carried. .3.,..APf?RAVE~wIIAlAl1J1'ES_.___ .... _- , _ ._. MOTION by Osmek, se by Brc regular meeting. All v- ~ . M 4. John Cameron rese ranged f f MO by Brown, ~ by L ehr Constructs and ap I of the cont in favor. coon carried. 5. OOtoah to app irk Bonnie Ritter, n Cameron, Chuck Morrie Ham, Jim agenda. All voted in favor. ' tes of the June 24', 2003 ed. DEMOLITION OF LONGPRE e Longpre Building demolition. They 101,625.00. e smek to accept the low bid of $68,525.00 submitted Inc. he stipulation that approval is subject to review hr's in urance documents by the HRA's attorney. All voted Jim Prosser of Ehlers'~'& Associates explained that state statute gives the opportunity to .. take down substandard buildings prior to establishing a new TIF district. MOTION by Hanus, seconded by Osmek to adopt the following resolution: All voted in favor. Motion carried. 1 -1- HRA Minutes -July 8, 2003 RESOLUTION N0.03-06H: RESOLUTION DESIGNATING CERTAIN BUILDINGS AS STRUCTURALLY SUBSTANDARD WITHIN PROPOSED REDEVELOPMENT PROJECT NO. 1. 6. REQUEST FOR EXTENSION OF PRELIMINARY AGREEMENT BY MOUND HARBOR RENAISSANCE Chair Meisel stepped down for this item because she and her husband own property in the proposed redevelopment district. Acting Chair Hanus presided. Jim Prosser of Ehlers & Associates presented an forma information provided by Mound Harbor Re has developed a program that is consistent w' provided a high level of detail, and their rep compared to developers he's worked with. extending the preliminary developers agreemen Tom Stokes approached the HRA the work left to be done on the hote gap financing _ Prosser agreed that ~ order. Bloomquist aiso s ~ that a his of the ated financial pro ante (MHR). is opinion, MHR at the HRA is look r. They have the hig quality end inement on h' ~ ings, he reco ends until September 9, 2003. for day extension instead, due to rith BI ~ uist and resolution of the to be mplished, 120 days is in ou work for him also. Chair Meise rned to ide over the balance of the meeting. 7. ADJOURN MOTION by Osme , conded by Brown to adjourn at 7:22 p.m. All voted in favor. Motion carried. Attest: Bonnie Ritter, City Clerk 2 Chair Pat Meisel • -2- • MOI•iNA 1-FR~,4 INAI~N K,NC.~t„_(_}~p~RTMENTS ~u.o~~R-r~ M.4 N.4Cj ER'SM D NTH'-Y R~OR.T r J ul.~ 22, 2003 Mawager's ~4gevwta • Jutn,e gawp statew~.ewt • Mai lv~covu.e statev~,ewt sheet • R.ev~ew o f b%LLs paid • Mawagers R.e~port o worh~Lw,g ow budget for 2003 - 2004 O WDY42%wg ow 2003 -2004 Pf-t.4 Pl.av~ o Hir%wg Q f v~.ew vu,avi,ager • r~ -3- ,' . - . i , . , ~ :;Y^ . Page '1 of 3 W,ELLS;fARGO BANK NIJNNESOTA, N.A. 532 ~~DA~E ~OFFIGE Account Number:• a~~003353D 'POS`T OFFJCE BOX B 5t4 Sfafemenf End Date: 06/30/03 MINNEAPOLIS, MN 55479 ~ Number of Enclosures: 23 H O~1:S.i N~G. $ R~,DE V~E~:{if~'M~N ~' A~U TM O R I T1F SPECIAL .;q;CC0U~N7 - CITY .Of M~1ND F I N`f1'N'C'£' D I R'E C~T O R 534.1 MAY.W'QO.D RD ' MOUND MT1 55364-1627 11• you have any quesfio~s about this staterr~~nt or your accounfis, call: 800-225-5935 (1-800-CALL-WELGS). y'c~~t~ &~oo[hts at a Glance ,.> . '~' _ _ _ 8e' Jnping,^ ,. ,_„ , De o51fs/ WithaTrawals/ Ending ~c~nu~t _. _ .. ..~..~.._ .._ . -- - - -. .~k ..T~pe ~ Bafanc-~e~ Credii`s Deblfs Balance Sas%~'~t~zr1'~ss CheclC~ng~Yrth"tnterea~ _ °_ ._......., ~;g,~~3,~ . ~._.... _ '2fE98:08 _ .. _ 10!794:18 101.750.33 ,~,, DfJ~003~5~0 i~l.~us frca~ ;1~ls Fargro ;~ ., S~~PI ~u~r~r~sm~ss ban~tlh~g aA~d ~a~re~t~s~-~~dreds of dollars - ~ .Y ._. ..,. ..., s ""~ ~' ~~~ .~ `~'~~' ~ ;You can de both vu~th Wells Fargo Business Services ll~, cr rte ~t sa~r~~e,l~~~ba~rgyit<,ior.~,~-,pit.,bc~stg~ss~~ir~cldN~.gerl~9, js~~-+a9~.$ .. J~ :~K '..'€,;: R1izRic "4~~'f:+'f °d4G`. Nt .. ~h. Tw rY 14 1 k t ~ ~_u .,z~r•:..~+r-t~n:,r~;r~e~tr.ni~w~ nr r~'t~iaN~nrvit~Fiic_ °Ll/hlli~i''~n'aA~79)'.Ser1r1~GS'1~f1U''•'l3Tls7n'~,°s5' ~1~~'~'f~$d! ~/~C'ljS'l'ar~0 l1aS ~'aes.P~ckage for you Stop ~+'~a'~ ~ . -'gb° oca von ow :~, . Wes. ~ ~-' ~- ~`e of viii special Fayr"bl! ofier.~l~n ~ for' ~til~n~~'ra~trt~l.by W~ ~,.,t.«. z bk w, a~ e. ~~nstaf~at~o~r t~a~[ue;4lP t~ ~~f-~~~!~,l?ao1~,~~~!'4,s„~re„~s~,~ ~d17 to ca/ou(at+s parro11'Instantly,.:vewreports~onylrn~aabdt of~i ~~ also offers"e~extlafia~ i~aycheialrs a~tl>ti~s~c ~iusrne s~~hec~Cfh .. . oun~t is used tip fund payroll ~~tf ~-"8D0=3~~ ex~~slnn`.#'f7 ~ Payro/t3 for. ~riore mforrriation: .. .. • . ~ f"!Y:'i ~" ' 1"_`~_._ 'S.`AAA' A/S,l~1C~lA` .... •. .. - . . r . ybusrn ~ Redevelopment Aufhcrify :~ ~~rAccoc~nt .:.... .. May Si _ ..Beginning .Balance `~ viii"3C1` Ending Baiarice .Deposits and Credits - -- Date Transaction Defai! J-un 02 Deposit Jun 04 Deposit J~rn Q5 Bank By Mail Deposit Jun 05 Deposit Jun 11 Deposit Jun 13 D eposrf Jun 18 Depos~f ,tun ?8 Deposit Jun 20 Deposit Amount 5,491.55 2,285.00 125.00 2,107.00 70.00 10.00 314.00 30.00 182.00 Continued on next page Ifs fargoSM bet~vveen Sf9f03 and Eby, 813~~a.3 On(~ne Payroll by ~A!ells direct depossft' or print paper checl~s at I~fr`Be of monthly mai~itenance--sees or ~isr~ wettsfargospecial:cam and 90,846.43 101, 750.33 -4- Page. 2 of 3 U~ELLS IY~Ii G 0 533 .Housing .& Redevelopment Authority Account Number' OGK1-0©30 Special Account Statement Errd.Date: '06/3fil03 DeposJts and Credits ----_------.--~ Date Transaetiori`Detail : Amount , . ,.~ Jun 30 Hud Trea$. 303 Misc -Pad 063003 ~41096242986fi~103 , ~ , ~ °< .. ..R119.fi``If1~"fJ990t7259""""*""hud .Operating Fund .MN0740 . ... _ . . . y .. , ..- f f,0~3.00 Jun 30 Interest Payment .. 3.53 Withdrawals and i~e~rits.---_--~________~_y__---------------__~~w_--- ---_____ ___ _____w _~______w-- Date Transaction Detail Amount Jun 09 Return Item A+1N 030609 - 474.00 Jun f19 Return Item Fee MN 030609 - 10;00 Checks Paid -____~~__~~-----------------------------------_____------------=---------- -_____:_______.~~ Check # aat~e` Amrii%hf ~F-ectc ~ Date. A~nounf 10.y6° Jun 23 (53:04' 1 t28 ~ Jun 1$ 6¢;78 1Q77 Jun f ? 216.03 f 129 Jun 16' 596;29' f 2.98 Jun 1 t~ 56.1 1143 Jun f8 $2:63 ~; 1: ~~``~ .. .. Ji~~t"~3: 4 ~.:........ 68f9..~2 „ ..m ..., ... _ 1-1 ~4-- . , _ _ . _ : J.etn._1.7._.. _~,~1,3;,;F0_.... 1'20 Jt~u~:17 .. 27!):7k7"`" ", 1 f46 Jun~'2~1 X69;03 112f Jun 16 1,245:37' 1147 Jun 18 . 4783 ,:. ,...,.:. 1x22 ..,,~:.. ,~n~.3,..,. .- 1~0~`" ;~ ' ...... _ 11~..... r~~x..,~ .~,.~_ __r.-_...._ ......_ .2.5~b_., . . 1123 Jun 18 1124 J 9 255.29 11 ~. Jurr f 6 00 0 wr 1 25:5:7 1950 Jun 16 1, .99 ,9~2~ .; Jun Ffl 1t#~~ 1152> ~ Jun:~~,._ 2:55: ! x-26. Jun 18 .. 208;78 1153 Jurt 1 S . . u .~ ~3,~ :`. 11.27 Jun 19: 406:27 - ;. ` ~,,..~ ~ ~ ~a~ m Gh.~k S~uen,,. - __ D~a~7~ ~3alance -Sunrrtary - - - _ :-~ x_ ~ _ --- -- ~__:_~; . {a- ~ ~ ~~~~: ,.,, :. ~,,.,.:~ ...,. ~,~a^-A ______ . _. data :~ ' w ,,Balance Date. - `'' ~5.._z B,alanee lltla~ 31 90,846 ?F3 Jury 15 32.~$1~v~r.. Jun C12 X6,337398 Jun 17 92,-~7f~ 4Q ,dun X04 ~ ~ ~ ~ $ Jc~ "`~ ; ~ ~ ~: ~ 9hfl4 68 ~~,~]~ 9 '~,1p t~ 8 J~r~~, y . y .e '4wM c i° t1~ W ~~~ 19 Ns+yc ]xiL usm'tr f 'sstt, l: s, rxsT ~!{~:. 1`b0~~'$ . > Jun 20,, , ..: 9.:1.6... ~ut,~ .. .e ..,~ .. ,. . -~ . ~. .,,~~~~„~~, ~ ~, 100,~,'~,.~5 Jun 23 .~;. , ~ .,~ xs:- ..3~ ., nz _ ~ 1 0,~ 4S Jun ~ tt?#~SQ 33 . ..Y. ...,. ... .e. ~~ .A. .e a.t... .n. .~, n, .,. ,4 r...i ~~: iT a. t Y .... .. .. - r ~ e ... .. .. ~ .... ... Average Collected Balance $ 95,353.63 ... _ :.. .:. ~ ~ . :, :.. ~ :. ~, .u interest .Summary - ` " Annual Percents a Yield Earned This Period 0:05% ,.,. Interest Earned ,urir~g This_ Period .. _ _ __: ~,_. ` .... . ~:~ ..._. ._.:. ~'ea'r`to~D~~in'i'e7`~sYC'and~B~i°r'iia~je~Paic~ .- .. _ _. _..~.~.,_ _. X2.98 ;. , .. :- For Your"Interest .., Continued on next page -5- MDIA `„i{Oq! i : :`~M 4,,. o • Summary Statement June 203 For more information, call MBIA Client Services at (800)395-5505 Fax:. (800)765-7600 ~~~~ Mound Housing and Redevelopment Auth. Account Number: MN-O1-0258-2001 Account Name: GENERAL FUND Beginning Contributions Withdrawals Income Average Daily Month End Balance Earned Balance Balance This Month $194,230.19 $0.00 $0.00 $142.83 $194,304.43 $194,373.02 Fiscal YTD Endin 12/31/0 $193,443:04 $0.00 $0:00 $929.98 $193,930.18 $194,373.02 Beginning Contributions Withdrawals Income Average Daily Month End Balance Earned Balance Balance This Month $11,381.77 $0.00 $0.00 $8.32 $11,386.10 $11,390.09 Fiscal Y'I'D Endin 12/31/0 $11,335.65 $0.00 $0.00 $54.44 $11,364.18 $11,390.09 .] Total of all accounts Beginning Contributions Withdrawals Income Average Daily Month End Balance Earned Balance Balance This Month $205,611.96 $0.00 $0.00 $151.15 $205,690.53 $205,763,11 -Fiscar_~. .. _ .___. ._.. Endin 12/31/0 $204,778.69 $0.00 $0.00 $984.42 $205,294.36 $205,763.11 June 2003 • Page: 1 -6- ~ MBIA 4MP'~FI~rID Mound Housing and Redevelopment Auth. Account Number: MN-01-0258-2001 Account Name: GENERAL FUND Summary ditOMr a f ' i r ~t4r 'M. For more information, call MBIA Client Services at (800)395-5505 Faz: (800)765-7600 June 2003 Fiscal YTD Endin (12/31/03) Beginning Balance $194,230.19 $193,443.04 Contributions $(t.00 $0.00 Withdrawals $0.00 $0.00 Income Earned $142.83 $929.98 Month End Balance $194,373.02- $194,373.02 Average Daily Rates 0.89% 0.97% Average Annualized Yield 0.90% 0.97g'o r _ _ __ _ _ _ _ _ _ __ __ _ _ June 2003 Page: 3 -7- MBIA 1~°~ Mound Housing and Redevelopment Auth. Account Number; MN-01-0258-2002 Account Name: MOUND HUD Summary BKinning Balance Contributions Withdrawals Income Earned Month End Balance Average Dsily hates Average Annualized field ,+''s'+r ~ ': a e For more information, call MBIA Client ServiFag t ~ O~Oj765-7600 June 2003 $11,381.77 $0.00 $0.00 $8.32 $11,390.09 0.89% 0.90% Fiscal YTD $11,335.65 $(1.00 $0.00 $54.44 $11,390.09 0.97% 0.97% Page June 2003 -$- ~° Mound, MN -Pu_blic Housing .2020 Commerce Boulevard Mound, MN 55364 As Of _ _ _ _ ,__. <- Mav 31, 2003 Statement of Operating Receipts & Expenditures YTD Over Current YTD Prorated (Under) Activi Balance Budget Budget 311000 - Dwelling Rental (8,049.30) (82,861.60) (91,746.64) (8,885.04) 312000 - Excess Utilities X30.00) (500.00) _x,470.00) Total Rental Income (8,079.30) (82,891.60) (92,246.64) 9,355.04 361000 - Investment Interest/General Funds (11.62) - {-1-35:07) (400.00) (264.93) 369000 - Other Income (25.00) (1,907.21) (1,000.00) 907.21 802000 - Operating Subsidy 0.00 (28.449.00) (28.760.OOY (311.00) Total Other Operating Receipts (36.62) (30,491.28) (30,160.00) (331.28) Total Receipts ($115.92) (113,382.88) X122,406.64) 9,02 Expenses 411000 -Administrative Salary 0.00 0.00 28,800.00 (28,800.00) 413000 - Legal Expense 0.00 0.00 400.00 (400.00) 414000 - Staff Training 0.00 0.00 333.36 (333.36) 415000 -Travel 0.00 270.69 466.64 (195.95) 417000 - Accounting Fees 245.00 1,380.00 1,400.00 (20.00) 417100 -Auditing Fees 0.00 4,840.00 533.36 4,306.64 419000 - Sundry-Administrative 2,428.37 8,173.20 3,600.00 4,573.20 419500 - Outside Management 3.516.58 22.078.69 0.00 22.078.69 Total Administrative Expense 6,189.95 36,742.58 35,533.36_ _ 1,209.22 Total Tenant Services Expense 0.00 0.00 0.00 0.00 431000 - Water 299.30 1,400.29 2,000.00 (599.71) 432000 - Electricity 0.00 6,194.45 8,400.00 (2,205.55) 433000 -Gas 3,009.26 16,182.27 10;666.64 5,515.63 439000 - Other Utility Expense 675.85 5,187.08 7,666.64 (2,479.56) 439100 - Garbage Removal 107.37 2.635.12 2.653.36 (18.24) Total Utilities Expense 4.091.78 31.599:21 31.386:64 212.57_ 441000 = Maintenance Labor 0.00 1,916.50 24,120.00 (22,203.50) 442000 - Materials 901.90 5,373.74 5,466.64 (92.90) 443000 - Contract Costs 6.698.15 43.846.33 12.213.36 31.632.97 Total Maintenance Expense 7,,00.05 51,136.57 41,800.00 9,336.57 2 n Statement of Operating Receipts & Expenditures 451000 - Insurance 452000 - Pmts In Lieu Of Taxes 453000 -Terminal Leave Payments 454000 - Employee Benefit Contributions 457000 - Collection Loss Total General-Expense Total Routine Expense 601000 - Prior Year Adjustments-Cash Total Nonroutine Expense Total Expense YTD Over Current YTD Prorated (Under) Activi Balance Bu_ daet Budget 650.00 5,964.50 4,773.36 1,191.14 199:38 2;64.62 3,040:00 (475.38) 0.00 13;942:96 0.00 13,942:96 0.00 1,329.21 2,760.00 (1,430.79) 4 8.45 498.4 0.00 4, 8 45 1.3 7.83 _ 24.299.74 10,573.36 . _ 13.726.38 0.00 (6.740.0) 0.00 (6.740 03) 0.00 (s~740 031 0.00 (s.74o.0,~ 19.229.61 137.038.07 11 .293.36 17.744.71 3 -~~- I~ID~IAIf KNOLL APTS 2020 COMMERCE ST MOUND, MN 55364-1575 I • SYSTEM GENERATED CHECK REGISTER FROM June 1, 2003 THROUGH June 30, 2003 July 17, 2003 PAGE: 1 - M ----------------PAID TO------------------ CHECK S CHECK ACCTG VENDOR VENDOR SYSTEM MANUAL TOTAL OF NUMBER V DATE DATE NUMBER NAME AMOUNT AMOUNT CHECKS S 06-OS-2003 JUN2003 S 06-OS-2003 JUN2003 V 06-OS-2003 JUN2003 S 06-OS-2003 JUN2003 S 06-OS-2003 JUN2003 S 06-OS-2003 JUN2003 S 06-OS-2003 JUN2003 S 06-10-2003 JUN2003 43 HOME DEPOT CRC/GECF 31 IKON OFFICE SOLUTIONS VOID 30 MAINTENANCE WAREHOUSE 34 PROGRAMMED MANAGEMENT CORP 42 RETAIL SERVICES 19 WESTPORT PROPERTIES 19 WESTPORT PROPERTIES 82.63 43.20 S 06-12-2003 JUN2003 18 WESTPORT PROPERTIES PAYROLL S 06-12-2003 JUN2003 15 CITY OF MOUND S 06-20-2003 JUN2003 S 06-20-2003 JUN2003 S 06-20-2003 JUN2003 S 06-20-2003 JUN2003 S 06-20-2003 JUN2003 S 06-20-2003 JUN2003 S b6-20-2003 JUN2003 S 06-20-2003 JUN2003 S 06-24-2003 JUN2003 12 B. SYLVESTER LLC 8 BFI 27 C NABER & ASSOCIATES 11 IOS CAPITAL 29 OFFICE DEPOT 44 RENTAL RESEARCH SERVICES, INC 24 STS FLOORING INC 9 XCEL ENERGY IB WESTPORT PROPERTIES PAYROLL * CHECKS OUT OF SEQUENCE 169.03 47.93 25.00 850.00 1015.99 2634.55 907.65 124.00 394.33 190.00 399.39 251.50 90.50 1137.20 1938.24 3185.64 13486.78 0.00 13486..78 . '~ '~ x ~ ~ s This Page Is .Left Intentionally Blank •l. C9 -12-