2003-01-28•
~~ ~~P~
erFNna
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
JANUARY 28, 2003
7:00 P.M.
PAGE
1. OPEN MEETING
2. ACTION APPROVING AGENDA, WITH ANY AMENDMENTS
3. ACTION APPROVING MINUTES: JAN 14, 2003 REGULAR MTG 1-2
4. REPORT BY VIP PROPERTY MANAGEMENT ON INDIAN KNOLL 3-9
MANOR, WITH ANY NECESSARY ACTION
•
ADJOURN
5.
CITY OF MOUND
• HOUSING AND REDEVELOPMENT AUTHORITY
JANUARY 14, 2003
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in regular session on Tuesday, January 14, 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: Executive Director Kandis Hanson, City Clerk Bonnie Ritter,
Community Development Director Sarah Smith, Finance Director Gino Businaro, Sarah
Carlson
1. OPEN MEETING
The meeting was called to order at 6:30 p.m. by Chairperson Pat Meisel.
2. SWEARING IN OF HRA MEMBERS
Kandis Hanson swore in Pat Meisel, Bob Brown, Mark Hanus and David Osmek as
Housing and Redevelopment Authority members.
3. APPROVE AGENDA
• MOTION by Brown, seconded by Osmek to approve the agenda. All voted in favor.
Motion carried.
4. APPROVE MINUTES
MOTION by Osmek, seconded by Brown to approve the minutes of the November 26,
2002 meeting. All voted in favor. Motion carried.
5. REPORT BY VIP PROPERTY MANAGEMENT ON INDIAN KNOLL MANOR
Sarah Carlson presented the report on Indian Knoll Manor.
MOTION by Hanus, seconded by Osmek to approve the December, 2002 bills. All
voted in favor. Motion carried.
Carlson informed the Authority that there will be a tenant association meeting and a
tenant representative to serve on the Authority will be forthcoming.
6. RESOLUTION APPOINTING GINO BUSINARO AS ACTING EXECUTIVE
DIRECTOR
MOTION by Brown, seconded by Hanus to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 03-01 H: RESOLUTION APPOINTING GINO BUSINARO AS
' • ACTING EXECTIVE DIRECTOR/TREASURER FOR THE MOUND HRA
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Mound HRA Minutes -January 14, 2003
7. MANAGEMENT LETTER AND AUDIT FOR YEAR ENDED SEPTEMBER 30. 2002
Gino Businaro presented the management letter and audit prepared by Abdo Eick &
Meyers, LLP.
MOTION by Brown, seconded by Osmek to accept the management letter and audit for
year ending September 30, 2002, as prepared by Abdo Eick & Meyers, LLP. All voted
in favor. Motion carried.
8. ADJOURN
MOTION by Brown, seconded by Osmek to adjourn the meeting at 6:43 p.m. All voted
in favor. Motion carried.
Chair Pat Meisel
Attest: Bonnie Ritter, City Clerk
C,
•
2
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•
January 23, 2003
City of Mound
~ino.~B.usi~.a
VIP AGFNbA FOR 1~ZB-2003 MEETING
1. Mound/Indian Knoll January Z~03 bills
?y, . ,pecember fihQncia) statements.
4. gahk Reconciliation
b. Balance Shee"h
c, Income/Expense for pecentber
' repaids
3, Progress Report
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rUIOUNb HQUSING ANQ REb~VE~.QPMENT AUTH{~RITY
INDIAN KNOLL MANOR
January-03
#~ CHECK NO VENDOI;lMERCHANT AIUIOUNT DESCRIPTION
1 5031 AT & T 1NlRELESS $ 44.701 JAN SERVICE
2 5032 ALL, INC $ 283.29 MANGE
3
4 5033
5034 B ~ I'
B 5YLVE5TER $
$ 340.23
6 JAN SERVICE
5
5035
BAREFOOT TURF
$ 2.00
675.00 DEC GERTS
NOV-DEC-JAN SNOW
6 5036 C NABt=R $ 95.00 DEC SERVICE
7 5037 CENTERPOINT{RELIANT) $ 2,132.19 11-15 TO 12-17
8 5038 CENTURY MAIN1'frNANCE $ 111.29 MISC SUPPLIES
9 5039 FRONTIER COMMUNICATIONS $ 252,61 DEC SERVICE
10
11 5040
5041 (OS
M ~ I $ 104.37 JAN Lt=.4~1=
12
5042
MENAROS $
$ 316.10 NOV-DEC SERVICE
13
5.043
MINNESOTA NAWRO
$ 31.89
100.00 MISC SUPPLIES
ASSC DUES
14 5044 MOUND TRUE VALUE $ 22,13 MISC SUPPLIES
15 5045 1~ENTAL RESEARCW $ 22,50 .1 APPLICATION
16
17 5046
5x47 VIP PROPERTIErS $ 3,822.16 REIMB/PAYROLUMISC BILLS
18
5048 XCEL ENERGY
CITY OF MOUNp $
$ ~ 1,163.8'1 11-22 TO 12-27
19
5049
5TA SAFE
$ 399.67
164.05 10-30 TO 12-6
1~KEY LOCKS
20 5051) SURGE WATER CONDITIONING $ 100.00 SALT
21
22 5051
5052 VIP PRO?trRTIES $ 1,650.00 DEC MGMT FEE
V0117 $ -
23
5053
VOID
$ _
24 5054 VOID $
25 5055 MINNESOTA UC 1=UND $ 6,983.52 UNEMPLOY TAX/MEL&PtNKY
$ 19,376$1
L J
L
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•
BANK REG4NClL~ATION
Ptepered by John Stevens
Date Prepared 1/20/03
•
COMPLEX INDIAN KNOLL MANOR MON~y
BALANCtr I~RIOR MONTH
ADJUSTMENTS
RECEIRTS:
CURRENT INCOME
INTEREST
DISBURSEMENTS:
EXP>=Ns~s
NS~CHEbKS
BANk CHARGES
$ 11,500.11
$ 7,48
TOTAL RECf=1PTS
$ 12,775.73
$ _
$ 2.00
TOTAL DISBURSEMENTS
BALANCE ENb OE MONTH
December-02
S 93,826.94
$ -
$ 11,507.59
$ 12,777.73
$ 92,556.80
BALANCE F'ER 8/~NK $ 92,708.30
DEPOSITS IN TRANSIT $ _
OUTSTANDING CHECKS $ 151.50
BALANCE PER BOOKS 92,556.80
COMMENTS/ADJUSTMENTS
UNCLEARED CHECKS
4604 LEO UTECHT $ 151,50
r~
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A5013D
- I~IAN IINOLL MANOR
IINAUDITSA
~
01/23/03 ~ PA.C3E
DBCSMIDER 31, 2002
MONTH 3 OF 12
sALAtac~ sxEHT
ACTUAL ~sT c~NO~s
MOIi~i3 FROM LAST
T3ALANCE ACY [T1AL MONTrH
A6.^,E7'S
C1` iSF!
~~ CASH 100.00
CABti - GENERAL FUND
92,556.80 itlD.00
.Do
CITY OF MOUND
910.11 53,826.94 (1270,14)
bENEf~AL ~Ur1b INV$STMENZ'
11+335,65 910.11
.00
~T~' CASH
10a
9oa
,6 11,324.23 11.42
,
. f06,i61.a8
(1,258.72)
CURRENT A5SET5
'1`kNANT ACCT'S RgCL"I1ll~3JE 3, 628.55
ALIrDDa/AOU8TFU3, ACCOtiN2
r
(3G1.~$) 4, 5Ba .55
(956.00)
TOTAL CURRENT` PSS~TS (361.55)
• OD
3,267.00 4,223.00
(956.00)
FYIC~''D ASSETS
BUILDINGS 1,642,970,53
I+t1RN,EptrIP,MACH - D19ELLiNG
31,901.13 1,642,970.53
.DO
FURN, EQUtD, MACH - 7+DMIN
16,d77.02 31901.13 .00 S
BUILDING IMPROVE''MENr$
373,679.86 16,477.02
.00
!AND IMPROV$'MgNT$
8,690.00 373,679.86
•DO
MDD C09T COMPLETE
536,855.91 8,690.Od
.00-
MOD C063' uNCOMPI,STS
6,900.00 536,855.91
.00
asv~I,oPr~NT cosT
1,505,904.64 A, 900.00
. Do
bEV C0~' CONTR3:
(2,oat,760.55) 1,505,904.64
.00
ACCUMULATEb 17EPRECIAT201~
(1,610,252.54) (2,042,760.5) .DD
TOTAL FIXED A88E'Z'S (1,610,252.54)
• tl0
d77,356.60 472
356.00
, .OD
OTRER ASSETS
PREP,A.ID INBVRANCE 13 .67
TOTAL OTHfiR A565TS
13.67 13 . G7
•OD
TOTAL asssTS 13.67
.oo
580x539.23 SB2,753.95 52,214.72)
LIABILITIES
CURRENT` LIA91LtTIE9
ACCOtiNTS PAYA9L5 - VENDB&8 12,558.78
TENANTo^ DEPOSI'.('S PAYAHLE'
9,939.00 12,558.7tl .00
TENANTS DEP IN1'~'R.E'S1' PAYA8LI5
(896.34) 9,683.00 55.00
ACCF2TJED VTILI'tIES r
2,739.3,, !899.343 .00
PREI~AID Rat r
3x,.00 2.739.3S , 00
PAYMENT fN LIEU OF TA3C
12,223.54 325.00
.Otl
D~F'SRRE'D CREDIT CF 2001
100.00 12,223.54. .00
TOTAL CUtZRENT LxA8IL13'IES !00.00
.00
3Gr996.33 36x931.33
55.00 •
LOA1G T°$RM LIABILITIES
NOTE 2AYAHLE LEVY r"'(II41] 90,000.00
TOTAL LOI~tC3 TERM IrIADIx1fTiES 90 x 000.00 , 00
so,ooo,o0 90,000.00 .Da
~oTAL LIAHxnsTl~s
1_6_16.33 126,931.33
55.00
85013b INDIAN IINOLL rti1NGR
• tJt+BSTJI)IZ'ED
DECEMDER 31, 20 b2
BALANCE SHB~'T
Acz2rAl,
B1ILANC~
EQVI3Y
owrr~x~s EpvzTx
F3t7D aHA CONTRIBU'I'ItlN
YEAR 50 DA'I'S p & L
YEAR TO D.13'E Phi,
Z`OZ'Ai, CiSPNII2 ~ S b'QU2TY
TOTAL LIABILI'IIF;S ANb E1]UI`I7~
•
•
VAST
MONTl3
AC'SUAL
45~,94a.~a 453,9ah.~2
(c,asa.52) (6,a14.S23
22.$0 Z,~5Z.6Z
453,55a.9p 4S5,d22.5a
Sg0,539.23 5~2,7;i3.95
01/23J03 PACE a
h1UNT~F# Z OP' 12
cxArrGss
E'ROM LAST
MbDiT,Fj
.00
.DD
~ar269.72)
(2,269.7a)
(2,a1d.72)
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BS0130 INDIAN KNOLL MANOR
UNAUDITED
bECk'MB~R 31, 2opa
INCOME ANA fiK1+E'iQSR STA'~E~MENT
CoRRENT PERIbn RATIO YEAR TD DAT$ PATIO
GROSS POTENTIAL APT RENT 11,430,55 103.56 34,B52.G5 69.73
GROSS POTE~7TIAL HUD 5USSIbY
GRD55 POTENTIAL O'TlO;ftS
APAR k!NT Y~:CAt~tCY LDSS
MISCL`LIANEOUS AIaLOWANG`~'S
EFFECTIYS RENTAL LNCOMG .OD
(129.00)
(53z.0o)
.00
iD,770,55 .00
(1.16)
(4.82)
.00
57,56 17,734.04
43.65
(x,922.40)
(155.Ga)
49,q;a.66 35.48
,Og
(5.85)
(.31)
D9.ia
OTHER INCOME
SNTERI:S`f INCOME ~ GEN Casf~
INTS'RE5T I1vCOMfi - CrBAt FUNb
LAUNDRY INCOME
SECUItI1'Y DEp05IT$ FORFSITi'Eb
TOTAL aTHER INCOME 7 , 48
11.42
G0.o0
190.00
`LG9.90 .07
.10
.54
1.72
2.44 a1, 97
37.56
180.00
iD0.00
429.53 , Oa
.08
.36
,3~
.86
'Idi`AL INCOME 1i, 03J.65 104.00 49,982,19 100.tl0
ADMINI5'1RATIVE EKPEN6fi6
9A'D DENT EKPEI3Sz
CRP.DIT INvESTIGAT10N8
.LICENSES/PERMITS
MANa~GEM&NT SEES
OFFICE SUPPLIES/PORM5
PROPBSSLONAL SERVICES
SECURI"P}.' DEP INTEREST EXp
2'ELffiP$ONE/PAG$[L
OT~R ADMINT5TRA'STVE E`xpSts6s
TOTAL ADMIrfISTTlATT'VE ExP~N$E8 G3B,19
70.00
,00
1,650.00
22.9G
632.00
122.83
2aa.2a
186,56
3,600.76 5.7a
.G3
.00
14.95
.21
5.72
1,11
2.57
1.64
32,52 ~ 638.19
137.50
100.00
a,g,0.00
348,21
1,14G.60
122.43
964.95
x09.30
8,812.39 1.Zg
,2g
.20
9.90
.y4
2,ag
.Z5
1.92
,ga
17,63
MAIN'1'ENAN~ EhPENSEb
LaeOR/REPAIRS
PIaRTS/SVPPLISS
ELEVATOR
PEST CONTROL
LAWN/YARD S-~PEN88
cI.'EL792NG SERVICSs
TOI'1#L MATNTSNANC£ SY.PENSES 7GB.78
831.43
.00
56.31
.00
.b0
1,556.5z 6,9G
7,>3
.00
.51
,00
.00
15.01 5,867.48
1,33x.69
607.86
56.31
1,075.G~
36.63
8,9yB,G3 11,14
2.67
1.22
.11
2.15
.07
17.9D
ON-SITE pE~k"SONNEL
RESIDENT MaNAi3ER ErnEN9E
MAINTENANCE SAL?fRY EYPF,NSE
CARETAKER BAf~SRY EXPENSg
PAYROL1r TA3Or6
TOTAL ON~GITt+s PSRsONNSL 1,507.63
1x037.48
1,187,98
.OD
3,73x.89 13.G,
9.40
10.76
.00
33.81 x,883,05
3,3S9.o9
2,951.72
175.91
11,366.77 g,77
6.72
5.91
,35
22,78
UTILII'1ES
ELECI'RTCITY
OAS
RUSgISx REMOVAL
6RetCR/WATER
TOTAL UTILITIES 699.DB
1,G88.77.
331.02
904.67
3,823.69 8.14
15.34
3.Ob
8.20
34.Ga 3x160.55
3,017.69
1,1x3.81
2,820.17
`d 0,142.22 6.32
6,p/~
2.x9
5,64
20,29
TA9.ES AND INSURANCE _ 8 _
tl1/23/03 PACE
MoN`~i3 3 of 1a
•
•
~~013D
I •
SN6(JRANCE
TOTAL TAXES AND ZNBUPANCE
SUBTOTAL OPERATION k~Y.pE~T6>r6
RspLACEMBNT/TMPf20VEMENT E'XP
REPLACEMENTo^-13LDd/GARAGE
RJ'i1~LACSMENTB ~ CARP~'T/VINYL
TOTAL R~PI,ACEMENT/Y(apgOVR EKP
FYNANCIAL EY.PENSfiG
$'02`AL ~kP1~SE5
NET INCOME (LOSS)
•
•
CVRR1sNT' P£RIOf3
29.®6
29.86
Iz,8ag.72
INnTAN IRdOLL MAMOk
IINAUDITEb
nECEMB~R 31, 2ooa
INCOME AND !s~ENSE S`~ATEM8;3Q?
RATIO YFATt Td DATE ItATt0
.27 a „g6.66 17.20
.27 8,596.96 17.20
116,34 47,099,96 95.83
465.45 4.22
.00 .DO
4G~.a, 4.22
1x,309.7,7 12D.56
(2,2GS.7aj (20.58)
465.45 .q3
1,594.38 3.19
2,059.53 4.ia
a9, 959.29 99.9E
22.90 .05
01/x3/03 pAG~ q
hkJk7TH 3 OF 12
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