The URL can be used to link to this page

2005-06-28PLEASE TURN OFF AT CELL PHONES & PAGERS IN COUNCIL CHAMBERS. AGENDA o o o o Open meeting Action approving agenda, with any amendments Action approving minutes: May 24, 2005 Management report on Indian Knoll Manor, with any necessary actions Recess Reconvene Consideration/action on any matters related to downtown redevelopment Adjourn Page 2-11 NIOUND I. IR. NIINUTE$ MAY 24, 2005 The Housing and Redevelopment Authority of and for the City of Mound, Minnesota, met in regular session on Tuesday, May 24, 2005 at 7:20 p.m. in the council chambers of city hall. Members Present: Chairperson Pat Meisel; Commissioners Bob Brown, Mike Specht, John Beise and David Osmek. Others Present: City Manager Kandis Hanson, Community Development Director Sarah Smith, Public Works Director Carlton Moore, Finance Director Gino Businaro, Cindy Reiter. 1. Open Meeting Chair Meisel opened the meeting at 7:20 p.m. 2. Approve Aqenda MOTION by Brown, seconded by Osmek to approve the agenda. All voted in favor. Motion carried. 3, Approve Minutes MOTION by Specht, seconded by Beise to approve the minutes of April 26, 2005. All voted n favor. Motion carried. 4. Report on Indian Knoll Manor with necessary action Cindy Reiter presented the report on indian Knoll as follows: A. April Bank Statement B. March Income Statement C. Review of Bills paid: MOTION by Brown, seconded by Osmek to approve the bills of May 2005. D. Manager's Report: (1) MOTION by Osmek, seconded by Brown to adopt the following resolution. All voted in favor. Motion carried: RESOLUTION NO. 05-07H: RESOLUTION RECEIVING CALCULATION OF PERFORMANCE FUNDING SYSTEM SUBMITTED ON APRIL 29, 2005. (2) Vacancy Update (3) Spring projects 5. Adjourn MOTION by Osmek, seconded by Brown to adjourn at 7:28 p.m. All voted in favor. carried. Motion Attest: Bonnie Ritter, City Clerk Chair Pat Meisel -1- MOUND HRA TND]:AN KNOLL APARTMENT5 PROPERTY MANA~ER'$MONTHLY REPORT ,Tune' 28, 2005 Manager's Agenda · May Bank Statement · May ];ncome Statement · Review of bills paid · Managers Report Vacancy update Spring Projects - Driveway Status New On-Site Manager Hired · Resident Council Report -2- QNDIAN KNOL~ - CITY OF MOUND WELLS FARGO: 0033530 May 31, 2005 BANK BALANCE ADD: OUTSTANDING DEPOSITS DEBIT CREDIT BALANCE 12,790.72 DEDUCT:OUTSTANDING CHECKS 1,733.28 ENDING BALANCE 12,790.72 1,733.28I 11,057.441 BOOK BALANCE 11,057.4.4 ENDING BALANCE 1,057.44 I 11,057.441 -3- CHECK # AMOUNT OIS 1433 18.03 18.03 192i. 389.74 1922 60.00 1924 239.63 1925 428.72 1926 106.40 1927 65.54 1928 59.12 1929 423.85 1930 4,008.89 1931 850.00 850 1932 62.00 1933 203.00 1934 726.50 1935 1,872.94 1936 54.49 1937 106.50 1938 167.57 1939 48.90 . 1940 133,13 1941 47.52 1942 168.15 168.15 1943 375.00 1944 181.29 1945 54.31 1946 20.84 1 947 47.92 1948 141.69 1949 11.14 1950 1,243.94 1951 4,100.32., 1952 '1,173.06'' 1953 4,388.01 1954 59.68 59.68 1955 9.05 9.05 1956 125.97 125.97 1957 502.40 502.40 CHECK # AMOUNT O/S FWD 1,733.28 1,733.28 CHECK # AMOUNT OIS FWD 1,733.28 1,733.28 L 1,733.28 1,733.28 I ! 1,733'281 -4- INDIAN KNOLL MANOR 2020 COMMERCE BLVD OPERATING CASK BALANCE - DETAIL FOR CASH ACCOUNT 1012 12:03 PM PAGE: 1 DEPOSITS SYSTEM MANUAL JOLTRNAL BALANC~ C~ECKS CHECKS ENTRIES 04/30 BEGINNING BALANCE 11,341.31 04/25 DEPOSIT 1 157.00 05/02 DEPOSIT 2 4,080.00 05/03 DEPOSIT 3 3,561.00 05/03 C~ECK# 1931 WESTPORT PROPERTIES INC 850.00 05/05 DEPOSIT 4 05/09 05/09 05/09 O5/lO o5/lo o5/io OS/lO o5/zo o5/1o o5/1o OS/lO 05/10 05/10 ~10 ~10 05/10 05/10 o5/lo O5/lO 05/10 OS/lO o5/12 o5/12 05/13 o5/13 05/18 o5/18 05/24 05/26 05/31 o5/31 05/31 os/31 o6/lo 06/10 06/10 2,011.00 DEPOSIT 5 747.00 DEPOSIT 6 0.00 DEPOSIT 7 11.00 CPiECK# 1932 B SYLVESTER, LLC 62.00 CF~ECK# 1933 C NABER and ASSOCIATES ~ 203.00 CHECK# 1934 CITY OF MOUND 726.50 CHECK# 1935 CenterPoint Energy 1,872.94 CHECK# 1936 Cingular/AT&T Wireless 54.49 CHECKS 1937 DREAM KAR~ INC 106.50 CHECK# 1938 HOME DEPOT CREDIT SERV-MOUND 167.57 CHECK# 1939 ~0ME DEPOT SUPPLY 48.90 CHECK~ 1940 IKON FINANCIAL SERVICE - LEA 133.13 CHECK# 1941 IKON OFFICE SOLUTIONS 47.52 C~IECK# 1942 ~r'r~T'T~ O~-~ILL 168.15 CHECK# 1943 MINNESOTA CONWAY FIRE SAFETY 375.00 CHECK# 1944 MINNESOTA ELEVATOR INC 181.29 CHEC~ 1945 MOUND TRUE VALUE HARDWARE 54.31 CHECK# 1946 Office Depot 20.84 CHECk# 1947 PROGRA~9~ED MANAGEMENT COR1~ 47.92 C~J~CK# 1948 RETAIL SERVIC~S/MENAP~DS 141.69 CHECK~ 1949 WESTPORT PROPERTIES INC 11.14 CIqECK~ 1950 XCEL ENERGY 1,243.94 DEPOSIT 8 -193.00 CHECK# 1951 WESTPORT PROPERTIES PAYROLL 4,100.32 DEPOSIT 10 193.00 DEPOSIT 9 76.00 22,JE,RETURNED ITEM FEE CHECK# 1952 CenterPoint Energy DEPOSIT 11 CHECK# 1953 WESTPORT PROPERTIES PAYROLL CHECKS t954 ADAMS PEST CON~ROL INC CHECK# 1955 Office Depot CHECK#. 1956 O~ Time Delivery Service CHECK# 1957 STAR TRIBUNE 22,JE,05/05 ELOCCS 22,J~,CH~CKRE-O~/D~R 22,JE,F2%RiT~D INTer, EST 35.00 1,173.06 4,388.01 59.68 9.05 125.97 502.40 -5.00 6,045.50 ~129.0$ 2.02 10 , 678 . 00 16 , 875 . 32 0 . 00 5,913 . 45 11,057 . 44 -5- WELLS: FARGO BANK, N.A. NICOLLET' MAI'L~ OFFICE POST OFFICE BOX B 514. MINNEAPOLIS, MN 55479 Pag~e... ! o£ 3~ ~2 ACcount Number: Statement End Date: .Number of' EncJosures: hhh,I;h,,Ih,ii,.i,,h,,il, lh,,,hih,,hl,,h,,Ihlh,I HOUS'ZNG & REDEVE'L.OPN'ENT AU'TH.OEZTY SPECZAL ACCO:UNT CZT¥ OF NOUN.'D FZNANCE DZRECTOR 53.'~ NAY~OOD RD 05/; If you have any questions about this statement or your accounts, calk 800-225-59'35: Your Accounts at a Glance Account Beginning Deposits/ Withdrawals/ Ending. Type Balance Credits Debits Balance Basic Business Checking with Interest 17,298:23 16~761.52' - 21,269~03 f2,.79~:72 OO0-O033.530 News from Wells Fargo Homeownership Can Help Build A Promising Future A Wells Fargo SmartFit Home Equity Account can help you make the most of your home's equity in.a changing economy. The SmartFit Home Equity Account offers a low initial fixed rate, interest-only payments during the draw.` period and no balloon payment. You have a choice of terms at the initial advance' andthe protection of monthly* payments that won't change even if interest rates do. To find out more or to apply, call 1-800-932,6736 or go to weilsfargospeciai, com and enter keyword: Account HE Basic Business Checking with Interest 000-0033530 Housing & Redevelopment Authority Special Account Apr 30 Beginning Balance May 31 Ending Balance Deposits and Credits Effective Posted Date - Date Transaction Detail' Amoun! May, f'l'Oepo r~~ RM.~V"~ 6~**~**h~ ' Operating Fund'.MNO7~F.': ...... May: 26. M~ 27'Bank*BY Mait'D:epos# ' ."'' · ...... -, ,' ' ' · :..... ' ~ ,. . ~ .,... .,~,:.. ::- . , .... ....~ Con'¢in:u~';'on:,.neXt;pa~e .... . .... -6- Page 21. of 3 483 AC~ oun.t~ N umber: 000-003~530 S'tatement::End; Da re: 05/31/05 Amount - 19&00 - 5.00 - 129:07 19,38. 1939' 1940 194 ~ ~.9,~ * 19't4 .1945. 1946 1947 1948 1949 1950 t95! Amount 1.936. May 1-6.' 1937 May 23 * Gap in.Check,. Sequence Daily 'Balance.. SUmmary ....... 54.49 I06.50 Date. Balance 1952 '1953 Date Apr 30 t7,29&23 May 17 May. 02. 1'6,055.92' May 18 May.03: 19,282:00 May 19 May 0~- 19; 157.34~ May 20 May. 05. 2L168.34 May 23 May 06 20,970:34 May 24 May: 1:.1 .: - 2,~; 728.34 May 27 .May~,. 1.3~ .... 2J~OOl'.84 May 31 MaY~: 1:6;:, ' ' ' ' ' ' 19,.162;12 ' 17, 63Z27 May 19 16Z57 May; 19 48.90 May ~8- 133.13 May" 17. 4Z52 May 17 375.00 May 16 181.29 May l~7 54.31 May,' 20 20.84 May 24 47.92 May 18 141.69 May 20 11.14 May 18 1,243.94 May' 17 4,100.32 May 24 1,173.06 May 31 4,388.01 Balance 14,319.97 12,80L21 12,584.74 12,552.76 18,491.76 17,141.71 17,176.71 12, 790.72 0.13% 2;02 9.59 highest ~uly 31, 2005~. Please ::~'~~ ~~~' ~ "~;~'-"~¢~,~ ~,-~ ~,~.~,..:~'~,:~'E~'~i~'~.:.';:'~, ~ ~:L~2.~'::':'' ".': : . -~: :t~~''~'~' '7 ..... ~ ........ ' ......... '~'~" ............... '"'-" ............. ' '-,-~.-,',..~'~-~ ......... - - .,- ............................ -7- Mound, MN Public Housin~ 2020 Commerce Boulevard Mound, MN 55364 As OF · ~* April 30, 2005 BALANCE SHEET ASSETS 111101 - Cash General Fund 10,648.31 111700 - Petty Cash 100.00 112200 - Tenants Accounts Receivable 232.00 112900 - City of Mound 910.11 116200 - General Fund Investments 11,509.58 121100 - Prepaid Insurance 4,046.48 140002 - Development Cost 1,505,904.64 140003 - Development Cost Contra (2,107,638.55) 140005- Accumlated Depreciation (1,776,855.74) 140007- Buildings, 1,642,970.53 140008 - Fumiture,Equipment, Machines-Dwelling 33,551.61 140009 - Fumiture,Equipment, Machines-Admin 17,493.01 140016 - Land Improvements 11,108.20 140017 - Building Improvements 565,942.47 140055 - Mod Cost Comptete 601,733.91 140095 - Mod Cost Uncomplete 82,016.23 150600 ' Mod Cost Uncomplete Contra (16,321.08) TOTAL ASSETS 587.351.71 SURPLUS AND LIABILITIES 211400 - Tenants Secudty Deposits 211410 - Tenants Pet Deposits 211499 - Secudty Deposit Interest 212900 - Notes Pay Levy Fund 213700 - Payment in Lieu of Taxes 21370.!.- PILOT Current Year 280200 - HUD PHA Contribution 280600 - Retained Eamings Current Year Net Activity TOTAL SURPLUS AND LIABILITIES (8,848.00) (2,700.00) (663.91) (70,000.00) (526.23) (1,940.04) (308,629.59) (174,117.62) (19,926.32~ (,587.351.71 ~ Mound, MN Public Housin~ 2020 Commerce Boulevard Mound, MN 55364 As Of A~3ril 30, 2005 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 414000- 415000 - 417000- 417100- 419000- Expenses 411200 - Manager Payroll 413000- Legal Expense Staff Training Travel Accounting Fees Auditing Fees Sundry-Administrative 419500 - Outside Management Total Administrative Expense 422000 - Tenant Services Total Tenant Services Expense 431000- Water 432000- Electricity 43300D- 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 YTD Over Current YTD Prorated (Under) Activity Balance Bud.qet Budget (10,702.00) (72,831.12) (75,010.81) (2,179.69) (10,702.00) (72,831.12) (75,010.81) 2,179.69 (2.47) (9.91) (233.31) (223.40) (178.75) (2,480.90) (1,610.00) 870.90 (6,045.50) (42,318.40) (42,318.50) (0.10) (6,226.72) (44;809.21) (44,161.81 ) (647.40) (16,928.72) (117,640.33) (119,172.62) 3,166.66 21,533.62 22,895.81 0.00 0.00 408.31 0.00 '. 0.00 816.69 0.00 160.66 466.69 150.92 2,363.44 2,070.81 0.00 7,000.00 3,208.31 1,421.93 8,216.30 12,296.69 1,700.00 5,950.00 0.00 6,439.51 45,224.02 42,163.31 0.00 0.00 1,166.69 0.00 0.00 1,166.69 1,532.29 (1,362.19) ~08.31) (816.69) (306.03) 292.63 3,791.69 (4,080.39) 5,950.00 3,060.71 (1,168.69) (1,166.69) 187.43 1,062.12 2,333.31 (1,271.19) 817.77 6,465.78 ' 10,325.00 (3,859.22) 3,046.00 16,020.97 11,025.00 4,995.97 1,126.79 7,676.03 6,066.69 1,609.34 450.04 2,805.49 3,150.00 (344.51) 5,628.03 34,030.39 32,900.00 1,130.39 (2,376.00) 0.00 0.00 0.00 5,810.25 24,618.00 29,096.69 (4,478.69) 968.10 4,378.05 4,666.69 (288.64) 1,022.89 5,380.71 3,920.00 1,460.71 0.00 253.49 408.31 (154.82) 5,425.24 34,630.25 38,091.69 (3,461.44) 2 Mound, MN Public Housin_~ 2020 Commerce Boulevard Mound, MN 55364 As Of April 30, 2005 statement of Operating Receipts & Expenditures 451000- Insurance 452000 - Pmts In Lieu Of Taxes 454000 - Employee Benefit Contributions 457000- Collection Loss Total General Expense YTD Over Current YTD Prorated (Under) Activity Balance Budget Bud.qet 1,037.10 6,400.33 6,078.31 322.02 253.70 1,940.04 4,211.69 (2,271.65) 1,188.14 9,347.58 6,895.00 2,452.58 0.00 773.05 0.00 773.05 2~478.94 18,461.00 17,185.00 1,276.00 838.97 1,361.30 1,361.30 Total Routine Expense 601000 - Prior Year Adjustments-Cash Total Nonroutine Expense Total Expense 19~971.72 132,345.66 131~506.69 0.00 1,361.30 0.00 0.00 1,361.30 0.00 19,971.72 133,706.96 131,506.69 2,200.27 I~i~ ~0~ ~OR 2020 C0~RCE ~.v~ MOUND, MN 55364 M ................ PAID TO .................. CHECK S CHECK ACCTG VENDOR VENDOR MANU/LL AND SYSTEM GENERATED CHECK REGISTER FROM May 1, 2005 THROUGH May 31, 2005 June 13, 1~5 PAGE: 1 SYSTEM MANUAL TOTAL OF NUMBER V DATE DATE NUMBER N/tHE ............... AMOUNT AMOUNT CHECKS 1691 S 00-00-0000 SEP2004 1931 S 05-03-2005 MAY2005 1932 S 05-10-2005 MAY2005 1933 S 05-10-2005 MAY2005 1934 S 05-10-2005 ME'Y2005 1935 S 05-10-2005 MAY2005 1936 S 05-10-2005 MAY2005 1937 S 05-10-2005 MAY2005 1938 S 05-10-2005 MAY2005 1939 S 05-10-2005 MAY2005 1940 S 05-10-2005 MAY2005 1941 S 05-10-2005 MAY2005 1942 S 05-10-2005 MAY2005 1943 S 05-10-2005 ~Y2005 1944 S 05-10-2005 MAY~005 1945 S 05-10-2005 MAY2005 1946 S 05-10-2005 MAY2005 1947 S 05-10-2005 MAY2005 1948 S 05-10-2005 Mi%Y2005 1949 S 05-10-2005 MAY2005 1950 S 05-10-2005 MAY2005 1951 S 05-12-2005 MAY2005 1952 S 05-18-2005 MAY2005 1953 S 05-26-2005 NL~Y2005 1954 S 05-31-2005 MAY2005 1955 S 05-31-2005 M~Y2005 1956 S 05-31-2005 MAY2005 1957 S 05-31-2005 MAY2005 137 Karen Rondeau 6 95 101 104 56 111 78 34' 40 125 105 900118 900117 99 102 87 3 52 6 20 7 56 7 103 87 128 445 WESTPORT PROPERTIES INC B SYLVESTER, LLC C NABER and ASSOCIATES CIq~/ OF MOl/ND Cen~erPoint Energy Cingular/AT&T Wireless DREAM ~ INC HOME DEPOT CREDIT SERV-MOUN-D HOME DEPOT SUPPLY IKON FINANCIAL SERVICE - LEASE IKON OFFICE SOLUTIONS KELLY ON, ILL MIIgNESOTA CONWAY FIRE SAFETY MINqqESOTA ELEVATOR INC MOUND TRUE VALUE HARDWARE Office Depot PROGRAMMED M3%NAGE~ CORP RETAIL SERVICES/MENARDS WESTPORT PROPERTIES INC XCEL ENERGY WESTPORT PROPERTIES PAYROLL CenterPoint Energy WESTPORT PROPERTIES PAYROLL ADAMS PEST CONTROL INC Office Depot On Time Delivery Service STAR TRIBUNE 383.28 850.00 62.00 203.00 726.50 1872.94 54.49 106.50 167.57 48.90 133.13 47.52 168.15 375.00 181.29 54.31 20.84 47.92 141.69 11.14 1243.94 4100.32 1173.06 4388.01 59.68 9.05 125.97 502.40 17258.60 0.00 17258.60 * CHECKS OUT OF SEQUENCE