2005-02-22PLEASE TURN OFF AT CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
AGENDA
o
Open meeting '
Action approving agenda, with any amendments
Action approving minutes: February 8, 2005
Adopt Resolution Applying to the City Council of the
City of Mound to Take Certain Actions with Respect to the
Approval of a Redevelopment Plan for~the Mound Harbor
Project Area
Indian Knoll Manor report
Adjourn
Page
1-2
3-4
5-14
MOUND HOUSING AND REDEVELOPMENT AU't'HORI't'Y
FEBRUARY 8, 2005
The Housing and Redevelopment Authority in and for the City of Mound, Minnesota,
met in regular session on Tuesday, February 8, 2005, at 7:20 p.m. in the council
chambers of city hall.
Members Present: Chair Pat Meisel; Commissioners Bob Brown, Mike Specht, John
Beise and Dave Osmek.
Others Present: City Attorney John Dean, Executive Director Kandis Hanson, City
Clerk Bonnie Ritter, Public Works Director Carlton Moore, Melody Husted, Steve Bedell,
Claudia Lacy
1. Open Meetinq
Chair Meisel called the meeting to order at 7:20 p.m.
2. Approve Aqenda
MOTION by Specht, seconded by Brown to approve the agenda. All vote in favor.
Motion carried.
3. Approve Minutes
MOTION by Beise, seconded by Specht to approve the minutes of the January 25, 2005
meeting. All voted in favor. Motion carried.
Chair Meisel stepped down and turned the meeting over to Acting Chair Osmek,
because of a possible perceived conflict of interest.
4. Action Extendinq Contract for Redevelopment with Mound Harbor
Renaissance Development, LLC.
John Dean reviewed the request by David Newman of Mound Harbor Renaissance
Development, stating that to date MHRD has invested more than $1 million in this
project and is looking at another $110,000 this week. Before investing more in the
project they want to be assured that the preliminary agreement will be extended.
MOTION by Beise, seconded by Specht to extend the preliminary development
agreement with Mound Harbor Renaissance Development, LLC, until April 27, 2005.
The following voted in favor: Brown, Specht, Beise, and Osmek. The following voted
against: None. Meisel abstained from voting.
5. Action on any downtown redevelopment matters, if needed
No action at this time, and public was reminded of the workshop session to be held on
February 15, 2005, at 7:00 p.m. in the council chambers. This session will allow
residents and business owners to ask questions of the developers and consultants on
the proposed downtown redevelopment.
1
HRA Minutes - February 8, 2005
Chair Meisel returned to preside over the balance of the meeting.
6. Adjourn
MOTION by Specht, seconded by Brown to adjourn at 7:28 p.m. All voted in favor.
Motion carried.
Attest: Bonnie Ritter, City Clerk
Chair Pat Meisel
2
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 05-02H
RESOLUTION APPLYING TO THE CITY COUNCIL
OF THE CITY OF MOUND TO TAKE CERTAIN ACTIONS
WITH RESPECT TO THE APPROVAL OF A REDEVELOPMENT
PLAN FOR THE MOUND HARBOR PROJECT AREA.
WHEREAS, the Housing and Redevelopment Authority in and for the City of Mound (the
"Authority") anticipates the undertaking of redevelopment activities within the area shown
on the attached Exhibit A (the "Mound Harbor Project Area"); and
WHEREAS, in connection with such an undertaking, the Authority is desirous that a
Redevelopment Plan for the Project Area be established; and
WHEREAS, as a precondition to the Authority's proceeding with the redevelopment
activities, certain actions are required to be taken by the City.
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in
and for the City of Mound as follows:
1. The Executive Director is directed to make application to the City of Mound for
approval of the Redevelopment Plan for the Mound Harbor Project Area,
including in the application the proposed Redevelopment Plan.
2. The Executive Director is directed to request that the Mound Planning
Commission consider the proposed Redevelopment Plan at its regular meeting
of March 7, 2005 and render its written opinion to the City.
3. The Executive Director is further directed to request that the City Council hold a
public hearing on the approval of the Redevelopment Plan at its regular meeting
of March 22, 2005; and that notice of such hearing be made in the manner
provided by law.
Adopted by the Board of Commissioners this 22nd day of February, 2005.
Attest: Bonnie Ritter, City Clerk
Chair Pat Meisel
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MOUND HRA
INDIAN KNOLL APARTMENTS
PROPERTY MANAGER'SMONTHLY REPORT
February 22, 2005
· January Bank Statement
· December Income Statement
· Reviewof bills paid
· Managers Report
· Resident Council Report
Manager'sAgenda
-5-
''WELLS :FARG° BANK, N.A.
NICOLLET~ MAL£ OFFICE
pOST OFF/CE BOX B 5'14
. MINNEAPOLIS; MN 55479
Page 1 of 3
510
Account Number:
Statement End Date:
Number of Enclosures:
H,i,,ld,,,li,,ll,,,I,;I,,,ll, ll,,,,I,il,,,I,l,,I,,,ll,ll,,I
HOUSTN~ & REDEVELOPNENT AUTHORITY
SPECIAL ACCOUNT
CITY OF HOUND
FINANCE DIRECTOR
5.541 MAYWOOD RD,
HOUND MN 5556'4-1627
(C03OO)
OO0-OO33530
01/31/05
27
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
Type
Basic Business Checking with Interest
O0O-OO3353O
Beginning Deposiis/ Withdrawals/ Ending
Balance Credits Debits Balance
7,900.23 16, 764.91 - 23,580.67 1,084.47
News'frOm Wells Fargo
Effective April ~, 2005, ATM Point-of-Sale Purchases outside the U.S. will be charged a Foreign Currency
Conversion Fee of 3*/, of the Network Transaction Amount. Transactions at International non-Wells Fargo ATMs will
be'S5 each. Also, ATM transactions and POS purchases outside the U.S. which are converted to U.S. dollars by the
network will use either a rate selected by the network from the range of rates available in wholesale currency
markets for the applicable central processing date, which rate may vary from the rate the network itself receives, or
the gOvernment, mandated rate in effect for the applicable central processing date. In some instances, the merchant
of a 'POS purchase outside the U.S. may conve~t the POS purchase to U.S. dollars using the currency conversion
rate determined by the merchant. ;
Also, beginning *April ~, 2005, the Legal Process Fee will be $75 each.
For questions, please contact your Wells Fargo banker or call ~-800-225-5935. We appreciate your business & look
forward.to continuing to serve .your financial needs.
* Effective June ~, 2005, for quarterly savings accounts.
Basic Business Checking with Interest 000-0033530
HouSing& Redevelopment Authority
· Specia/Account
.Dec. 31 Beginning Balance
Jan 31 Ending Balance
Deposits and Credits
Effective Posted
Date Date Transaction Detail
jan 03 Deposit
Jan 07 Hud Treas 303 Misc Pay 010705 410962421860103
RMT*VV*099072274 ........ hud operating Fund MN0740
Jan 07 Deposit
7,900.23
1,084.47
Amount
7,311.00
6,O45.5O
!,976.00
ContinUed on next page
-6-
l~age 2 of 3 -
473
Housing & Redevelopment Authority Account Number:
Special Account 000-0033530
Statement End Date: 12/31/04
Checks Paid ................. - .................................................................................................
Check # Date Amount Check ~ Date ... Amount
1765 Dec 09 94.53 1779 Dec 15 29f.94.
1766 Dec 08 432.73 1780 Dec 16 30.90
1767 Dec 13 850.00 1781 Dec 20 I, 138.57
1768 Dec 20 59.68. 1782 Dec 16 4,263.03
1769 Dec 20 45.5 ! 1783 Dec 30 4, 592.53
1770 Dec 29 150.00 1784 Dec 31 93:30
1771 Dec 16 3,046.00 1788 * Dec 29 1,2tl.85
1772 Dec 21 436.69 1790 * Dec 30 3,046.00
1773 Dec 21 558.94 1797 * Dec 31 I81.29
1774' Dec 17 47:52 1798 Dec 31 28.97
1775 Dec 16 181.29 · 1799 Dec 3I 23.97
1776 Dec 27 26.36 1802 * Dec 30 34.50
1777 Dec 21 132.02 1803 Dec 31 1,323.44
1778 Dec 22 150.00 1804 Dec 31 142.98
· Gap in Check Sequence
Daily Balance'Summary ..., ......................................................................................................
Date Balance Date Balance
Nov 30 17,557.79 Dec 17 20,738.64
Dec 01 13,026.21 Dec 20 19,494.88
Dec 03 17,281.21 Dec 21 18,367.23
Dec 07 22~ 495.21 Dec 22 18,217.23
Dec 08 22,062.48 Dec 27 18,190.87
Dec 09 21,967.95 Dec 29 17,366~52
Dec 13 21,117.95 Dec 30 9,693.49
Dec 15 22,296.98 Dec 31 7,900.23
Dec' 16 14,775.76
A verag~ collected Balance $ 18,078.67
Interest' Summary .....................................................................................................................
Annual Percentage Yield Earned This period
IntereSt Earned During This Period 0.04%
Year to Date Interest and Bonuses Paid " 0.69
16.70
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-7-
A4BIA
Summary Statement
January 2005
For more information, call MBIA Asset Management at (800)395-5505
Fax: (800)765-7600
I~.ndin$12/31/09
Mound Housing and Redevelopment Auth.
Account Number:. MN-01-0258-2001
Beginning
Balance
$417,708.28
$417,708.28
Account Name: GENERAL FUND
Contributions I Withdrawals I Income I Average Daily
$0.00{ $0.00 { $o9~.wi { $418,061.99~
'Account N.mher: MN-01-0258-2002 Account Name: MOUND HUD
g t Beginning
Balance
M~nth $11,556.05
[ Endin$12/31/0~ $11,556.05
Contributions L WithdrawalsI Income [ Average Daily I
Earned .L_ Balance ~
~ $19.27ff ~
$0.00 I $0.00/ $19.27~ $11,565.841
Month End
Balance
$418,404.19
$418,404.19
Month End
Balance
$11,575.32
$11,575.32
Tot~! of all accounts
L ~Beginning I ~°ntributi°ns I withdrawals I Income [ Average Daily [
Balance ~. $-0"~ t .L Earned I Balance
· ~ ---~5'18t- ~
Month ~
[Fiscal YTD ~ ~
~ $429,264.33 L $°'°°1 $0.00 ~2 $429,627'83L
Month End
Balance
$429,979.51
$429,979.51
January 2005
Page: 1
-8-
Statement
January 2005
For more information, call MBIA Asset Management at (800)395-5505
Fax: (800)765-7600
Mound Housing and Redevelopment Auth.
Account Number: MN-01-0258-2001
Account Name: GENERAL FUND
Date Description Contributions and Withdrawals Balance Transaction
Income Earned Number
01/01/05 ~*Begianing Balance $417,708.28
Income Earned for the month $695.91
01/31/05 Ending Balance $418,404.19
Summary
Beginning Balance
Contributions
Withdrawals
Income Earned
Month End Balance
Average Daily Rates
Average Annualized Yield
January 2005 Fiscal YTD Ending (12/31/05)
$417,708.28
$0.00
$0.00
$695.91
$418,404.19
1.96%
1.98%
$417,708.28
$0.00
$0.00
$~95.91
$418,404.19
1.96%
1.98%
January2005
Page: 2
-9-
Statement
January 2005
For more information, call MBIA Asset Management at (800)395-5505
Fax: (800)765-7600
Mound Housing and Redevelopment Auth.
Account Number: MN-01-0258-2002
Account Name: MOUND HUD
Date Description Contributions and Withdrawals Balance Transaction
Income l*.nrned Number
01/01/05 :Beginning Balance $11,556.05
InCOme Earned fo~ the month $19.27
$11,575.32
01/31/05 Ending Balance ,
Summary
Beginning Balance
Contributions
Withdrawals
Income Earned
Month End Balance
Average Daily Rates
Average .Annnnli~,~d Yield
January 2005 Fiscal YTI) Ending (12/31/05)
$11,556.05
$11,556.05
$0.00
$0.00
$19.27
$11,575.32
1.96%
1.98%
$0.00
$0.00
$19.27
$11,575.32
1.96%
1.98%
January 2005
Page: 3
-10-
Mound, MN Public Housin.a
2020 Commerce Boulevard
Mound, MN 55364
As OF
December 31, 2004
BALANCE SHEET
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- Furniture,Equipment,Machines-Dwelling
140009- Furniture,Equipment,Machines-Admin
140016- Land Improvements
140017 - Building Improvements
140055 - Mod Cost Complete
140095 - Mod Cost Uncomplete
TOTAL ASSETS
1,537.44
100.00
524.11
910.11
11,509.58
6,744.16
1,505,904.64
(2,107,638.55)
(1,776,855.74)
1,642,970.53
33,551.61
17;493.01
8,680.00
565,942.47
601,733.91
46,762.33
559.869,61
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 LIABILITIES
(8,568.00)
(2,700.00)
(693.15)
(7o,ooo.oo)
(3,897.48)
(782.71)
(308,629.59)
(174,117.62)
9,518.94
(559r869.61)
1
Mound, MN Public Housin~
2020 Commerce Boulevard
Mound, MN 55364
As Of
December 31, 2004
Statement of Operating Receipts & Expenditures
311000 - Dwelling Rental
Total Rental Income
361000 - Investment Interest/General Funds
369000 - Other Income
802000 - Operating Subsidy
Total Other Operating Receipts
Total Receipts
YTD Over
Current YTD Prorated (Under)
Activity.. Balance Bud.qet Budget
(10,451.52) {31,624.52~ (32,147.49~ I522.97)
(10,451.52) (31,624.52) (32,147.49) 522.97
(0.69) (2.34) (99.99) (97.65)
(533.47) (1,774.65) (690.00) 1,084.65
(6,045.40~ (18,136.40) (18,136.50..) (0.10)
(6,579.56) (19,913.39) (18,926.49) (986.90)
(17,031.08) (51,537.91) _ (51,073.98.) (463.93)
Expenses
411200 - Manager Payroll
413000 - Legal Expense
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
440000 - Maintenance & Operation
441000 - Maintenance Labor
442000- Materials
443000 - Contract Costs
448000 - Protective Services
Total Maintenance Expense
3,166.66 8,866.98 9,812.49 (945.51)
0.00 0.00 174.99 (174.99)
0.00 0.00 350.01 (350.01)
160.66 160.66 200.01 (39.35)
1,410.92 1,634.76 887.49 747.27
0.00 2,000.00 1,374.99 625.01
2,125.49 3,874.01 5,270.01 (1,396.00)
850.00 1,700.00 0.00 1,700.00
7,713.73 18,236.41 18,069.99 166.42
0.00 0.00 500,01 (500.01)
0.00 0.00 500:01 (500.01)
154.70 321.40 999.99 (678.59)
2,407.21 3,418.29 4,425.00 (1,006.71)
6,092.00 7,451.97 4,725.00 2,726.97
1,077.67 3,387.31 2,600.01 787.30
874.20 1,391.43 1,350.00 41.43
14,100.00 1,870.40
10,605.78 15~970.40.
0.00 2,376.00 12,470.01 (10,094.01)
3,856.00 8,124.00 0.00 8,124.00
1,438.88 2,507.50 2,000.01 507.49
1,867.96 3,240.22 1,680.00 1,560.22
0.00 0.00 174.99 (174.99)
7~162.84 16,247.72 16,325.0'1 (77.29)
Mound, MN Public Housin_~
2020 Commerce Boulevard
Mound, MN 55364
As Of
December 31, 2004
Statement of Operating Receipts & Expenditures
451000- Insurance
452000 - Pmts In Lieu Of Taxes
454000 - Employee Benefit Contributions
457000 - Collection Loss
Total General Expense
Current YTD
Activity Balance
YTD
Prorated
BudRet
Over
(Under)
Budget
774.28 2,213.82 2,604.99 (391.17)
(7.71) 782.71 1,805.01 (1,022.30)
1,805.78 4,374.74 2,955.00 1,419.74
0.00 773.05 0.00 773.05
2,572.35 8,144.32 7,365.00 779.32
Total Routine Expense
601000 - Pdor Year Adjustments-Cash
Total Nonroutine Expense
Total Expense
28,054.70 58,598.85 56,360.01 2,238.84
0.00 2,458.03
0.00 2,458.03
28,054.70
. 61~056.88
0.00 2,458.03
0.00 2,458.03
4,696.87
56,360.01
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICES SORTED BY VENDOR
FROM January 1, 2005 THROUGH January 31, 2005
February 17, 2005
PAGE'
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
NUMBER NAME DATE DATE NUMBER S NUMBER D~MOUNT TOTA3~
3 PROGP~AMMED MANAGEMENT CORP 01-06-2005 JAN2004
1815 S 70324928 147.92
TOTAL PAID 147.92 147.92
6 WESTPORT PROPERTIES INC 01-03-2005 JAN2005 1806 S DEC04 MGMT FEE 850.00
TOTAL PAID 850.00 997.92
7 WESTPORT PROPERTIES PAYROLL 01-25-2005 JAN2005 1821 S 01/31 PAY 4273.52
7 WESTPORT PROPERTIES PAYROLL 01-11-2005 JAN2005 1819 S PAYROLL JAN15TH 4187.64
TOTAL PAID 8461.16 9459.08
134 Sherwin Williams 01-06-2005 JAN2004 1817 S 1749-01 50.35
TOTAL PAID 50.35 9509.43
137 Karen Rondeau 00-00-0000 SEP2004 1691 S 2020/311 RET S/D 383.28
TOTAL PAID 383.28 9892.71
138 Pio Nardeo 01-06-2005 JAN2004 1816 S 100 5100.00
90003 DJs DRAPERIES 01-11-2005 JAN2005 1820 S JAN05 DEPOSIT 6~00.00
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