2007-01-23,M'~'t7t'M17AP7lRd~;tt -~~. ~I1' J
PLEASE TURN OFF AT CELL PHONES & PAGERS IN COUNCIL CHAMBERS.:
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• AGENDA ~..'
Page
1. Open meeting
3. .Action approving agenda; with any amendments
4. Action approving minutes of January 9, 2007 1-2
5. Indian. Knoll Manor Manager's Monthly Report 3-11
•
6. Adjourn
•
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
• JANUARY 9, 2007
The Housing and Redevelopment Authority in and for the City of Mound,
Minnesota, met in .regular session on Tuesday, January 9, 2007, at 7:15 p.m. in
the council chambers of city hall
Members present: Chairperson Mark Hanus; Commissioners David Osmek,
Mike Specht, John Beise and Greg Skinner
Others present: City Attorney John Dean, Executive Director Kandis Hanson,
City Clerk Bonnie Ritter, Community Development Director Sarah Smith, Public
Works Director Carlton Moore, Cklair Hasse, Dennis E. Richardson, Mary
McKinley, Amanda Schwarze.
1. Open meeting
Acting Chair Osmek called the meeting to order at 7:15 p.m.
2. Swearing-in of Commissioners
Kandis Hanson swore in Chairperson Mark Hanus and Commissioners David
Osmek and Greg Skinner.
Osmek turned the meeting over to Chair Hanus.
• 3. A rove a .ends
MOTION by Specht, seconded by Osmek to approve the agenda. All voted in
favor. Motion carried:
4. Approve minutes
MOTION by Specht, seconded by Beise to approve the minutes of the December
12, 2006 regular meeting, the December 14, 2006 special meeting and the
December 18, 2006 special meeting. All voted in favor. Motion carried.
5. Action appointing Acting Chairperson
MOTION by Osmek, seconded by Beise to adopt the following resolution. All
voted in favor. Motion carried.
RESOLUTION NO. 07-01 H: RESOLUTION APPOINTING MIKE SPECHT AS
ACTING CHAIRPERSON FOR THE HRA FOR 2007
6. Action appointing Acting Executive Director
MOTION by Beise, seconded by Specht to adopt the following resolution. All
voted in favor. Motion carried.
RESOLUTION NO. 07-02H: RESOLUTION APPOINTING GINO BUSINARO
. AS ACTING EXECUTIVE DIRECTOR OF THE HRA FOR 2007
-1-
Mound HRA Minutes -January 9, 2007
7. Action on Resolution Approving a Purchase Agreement, an Amendment
to a Shared Parking Agreement and an Amendment to a Contract for
Private Redevelopment for Certain Property Located in the City of Mound,
Minnesota
MOTION by Beise, seconded by Specht to adopt the following resolution. All
voted in favor. Motion carried.
RESOLUTION NO. 07-03H: RESOLUTION APPROVING A PURCHASE
AGREEMENT, AN AMENDMENT TO A SHARED PARKING AGREEMENT
AND AN AMENDMENT TO A CONTRACT FOR PRIVATE REDEVELOPMENT
FOR CERTAIN PROPERTY LOCATED IN THE CITY OF MOUND,
MINNESOTA
8. Adjourn
MOTION by Osmek, seconded by Beise to adjourn the meeting at 7:25 p.m. All
voted in favor. Motion carried.
Chair Mark Hanus
Attest: Bonnie Ritter, City .Clerk
-2-
MOUND HRA
• INDIAN KNOLL APARTMENTS
PROPERTY MANAGER'S MONTHLY REPORT
January 23, 2007
Manager's Agenda
• December Bank Statement
• November Income Statement
• Review of bills paid
• Managers Report
• Resident Council Report
U
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Page 1 of 3
WB'LLS FARGO BANK, N_A.
R/DGEDALE OFFIG~' Account Number:
POST OFFICE BOX 8 574 Statement Period:
MINNEAPaLIS, MN 55479
lrnage Count:
I~I~tI'4fl~1~~11'~t111~11Ut~~t~''~Itl~~~l~\~~II1~1.11~~111IH
NOUSINty ~ REDEVELOPMENT AUTHORITY
S~ECiAI. accovNT
CITY OF MOUND
FINANCE DIRECTOR
5341 MAYWddD RD
MOUND MN 55364-1627
930 _~Ct7~~
Dec 1; 2t~`
Dec 31, 2006
21
It" you have any questions about this statement 4r your accounts, caN: X0-225-5935 (fGALI.-WFLLS)..
your Accounts at a Glance
Account @ inning Depposits/ W)thdrawals/ Fnding
Type Balance Credits Debits Balance
Basic Business Checking with lnterest 20,088.83 29,828.73 - 7,216.49 34,801.07
0~00~0033530
Nf~ws from Wells farga
Basic Business Checki-~r with Ingest 000-0038530
!-lousing & Redevelopment Authority
Special Account
Nov 30 Beginning Balance
Dec 31 Ending Balance
Deposits and Credits
Posted
Dafe Transacfion Detail
pec O6 Deposit
Dec 06 Deposit
Dec 06 Deposit
Dec 06 Deposit
Dec 12 Bank &y Mail Deposif
Dec 12 Bank 8 Mail Deposit
Dec 12 Deposif
Dec 14 RMT"t/V"099143036 Fay''"hud Opera~fin5 p$6~t NO740
Dee ?8 Bank By Mal! Deposif
Dec t9 Deposit
Dee 26 Bank By Mail De osit
Dec 29 lnterest Paylnenf
20,088.83
34,801.07
Amount
7,746.20.
532.00
298.00
' f 98.',00' .
301~_E10
1,d0"2.fJO
2G5~0 .
1.0;204.25
3 9'8. RQ
52i.se
~37t'00
4`. ~4
Checks Psid ------ --....W_~.~~~__.-____~___--____~.._.._~~...._---~---, --------- .. --~------" _ _~
Ch®ck # Date Amount
2417 + DeC O1 68.20
241'9 Dec 05 47.92
2420 Dec 07 90.00
" Gap in Check Sequence
+ Item converted to substitufe check
Check # Dat® Ar»ount
~. 2422 DeG 08 47`.5Q
2436 - ~ D~ as~ 103.Oo
2438 ,
Dec 0~6' 3'67.41
Continued on next page
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•
Page 2 of 3
139x1
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Housing & Redevelopment Authority AGGaG~It Number: 000-00336`
Special Account Steteme~t~End°Daie: 12/~fYG
:,•:
Checks Paid ._.._-~-- __---~~..~..~_- _.._,._..~..---_.___~_,...,~...,~_~-------°- ------ - - --~, . M
Check # Date Amount Check # Date Amount'
2433 ~~ Dec OQ 5.34 2450 r Dec 2t ~ ~ 6'33
8f •
.2440 Dec 07 f33. t3 2451 Dec 24 .
9.32
2449 Dec 04 f93_s8 2452 Dec 19 , ~~,25
2442 Dec 08 3•~T.3f 2453 Dec' f3 :54.88
2413 Dec 06 805.00 2454 Dec 29 5:82
2444 Dec 04 84.06 2455 Dec f9 t,469.oi
2445 Dec 45 27f.86 2456 Dec 21' 2,8Z2,6f
2449 Dec ~$ 59.68
"Gap in Check Sequence
+ Item converted to substitute check
Dally Balance Summary --------.~----- __.._._.~... ~w_.-..~_ .. ___ .. - __,,..___..._,.r.,.~-
Date Balance Date 9atarrce
Nov 30 ----- 20,088.83
Dec Of 20,020.63
Dec 04 (9.742.59
Dec 05 19,423.01
Dec os 27,03T.aS
Dec O7 26,813.92
Dec 12 28,381.92
Average Collected Balance $
D
t ~'~
ec
8 _49
'
Dec f8 37,
750.88
Dec 20 97,721.57.
Dec 2'1 34,285- t 5
Dec 26 94,802.15
Dec 29 34,801.07
31,09)7.20
Interest Summary ..---_----------___~..-___~-~---~.,~~._ ------ - r----..,,
• Annual Percentage YielCl Earned This Pe~rlod
/ntereut Earned During Th/s Period
Year to Date Interesf and L3onuses Psid
0.180
4.7 "
34.1
For Your lnt~'est
Wells faryo's Equipment Express Lean pravldes a fast and flexible way to put-chase and/or f/Hence new and used
bua/noss equipment and vehicles.
With an Equipment Expresu teen you can:
~) Make multiple purchases wkhin A 6-march commitment period
2) Take sdveRnt~ge of slmpBfled loan documents.
3) PotentlaNy deduct interest and tees 1lrom taxes {consuk ypur tax advisor for details).
4) Choose a Aexible repayment term tram 2 - 6 yeas with, ao pi-e-payment pens/ty, .'•
To /Ind put more, talk to your Wells Fargo banker taaley
•
Thank you for banking with We!!s Fargo. ~ -
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MB1.4
~'ummary Statement
Decerr~be~ ~~06
For more iuformast~o,a, tall 1~I1~~A .ABSet Management $t (8U8)395-5305
Fax: (8a0)76~-76Q4
1~
Mound Housin8 arad RedeWelopment Autlwrity
Account Number: 1VIN-0~-0ZS$-ZA01 Aoooant Name: G~NEtL4L FUND
Beginning Contrx`butions 'VV'ithdrnwals Income Average Daily ,Month End
Balance Earned Balance Balattce
Tbi~ Month 5170,708.34 $0.00 $0.00 573.07 5171,084.48 $171,441.41
Fiscal YTD
Endin 12/31/4 5501,135.55 $7b,000.00 $490,000.00 524,305.86 5518,623.64 $171,441.41
Aocouut Number: 1ti1N-01-0258-2002
Account Name: 11~IOUND HUD
Beginning ConuYbutions withdrawals rncomc Average Deily Month End
Balance Earned Bainace Balance
This Month 51,883.64 $0.00 S0.00 58.06 $1,BB7.80 51,891.70
Fiscal YTD
Endin 12/31/Q $1,804.54 $0.00 $0.00 587.14 $1,846.09 51,891.70
Total of a~ accounts
He$i~ioiag Coatn'butions Withdrawals T.ncome Avetage Daily Month End
Balance Earned ]3alanc~ Balance
T71is Month 5272,591.98 SO.QO $0.00 5741.13 5172,974.28 5173,333,11
~'xscal Y'I'D
E,odin $502,940.11 $76,000.00 $490,000.00 SZ4,393.Oq SS20.4G9.73 $173,333.11
December 2006
Pages ],
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Mound, MN Public Nousinp
24~Q Commerce Boul®vard
Mound, MN 55364
As •OF
November 30, :2406
BALANGE SHEET
ASSETS
111101 -Cash General Fund 14,723.92
111700 - Petty Cash 100.00
112200 - Tenants Accounts Receivable (314.27)
112900 - Clty of Mound 910.11
118200 - General Fund investments 1,887.81
140002 - Development Cos# 1,505,904.64
140003 - Development Cost Contra (2.188,063.55)
140005- Accumlated Depreciation {1,945,680.56)
140007- Buildings 1,842,970.53
140008 - Furniture,Equipment,Mschines~welling 33,551.69
140009 - Fumtture,Equipment,Machines-Admin 17,493.01
140016 - Land improvements 22,640.04
140017 - Building Improvements 578,072.55
140055 - Mod Cost Complete 662,158.91
140095 -Mod Cost Uncomplete 178,386.00
150600 -Mod Cost Uncornpiete Contra (31 80.,..,r 3_00
TOTAL ASSETS
SURPLUS AND L,IAE3ILITIES
211400 - Tenants Security Deposits (9,383.00)
211410 -Tenants Pet Deposits (2,700.00)
211499 - Security Deposit Interest (535.67}
212900 - Notes Pay Levy-Fund (50.000.00)
213400 - Accrued Utilities (5,074.00)
213700 - Payment in Lieu of Taxes (2,931.07)
213701 - PILOT Current Year (531.31)
280200 -Investments in Fixed Assets -Net (490,830.15)
280600 -Unrestricted Net Assets 58,282.57
Current Year Net Activity (4.415.12)
TOTAL SURPLUS AND LWBILITIES
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Mound. MN Publio Housint2
2020 Commerce Bouievard
Mound. MN 5536,4
As Of
Novemf~er 30, .2006
Statement of Operating Receipts ~ Expenditures
311000 _ swelling Rental
312000 - Excess utilities
Total Rental Income
361000 - Investment Interest/General Funds
369000 - Other Income
$02000 - Oparateng Subsidy
Tote) Other Operating Receipts
Total Receipts
Exp~rnses
411200 -Manager Payroll
41$000 - Legal Expense
414000 - Staff 'training
415000 -Travel
417000 - Accounting Fees
417100 - Auditing FeeB
419000 - Sundry-Administrative
419500 - Outside Management
Total Admintstrative Expense
422000 - Tenant Services
Total Tenant Services Expense
431000 - Water
432000 - Electricity
433000 - Gas
439000 - Other Utility Expense
439100 - ~3arbage Removal
Total Utilities Expense
441000 - Maintenance Labor
442000 - Materials
443000 - Contract Costs
448000 -Protective Services
Total Maintenance Expenss
., YTD Over
Current YTD Prorat®d (Under)
Actfvlty ce ,~udoet Budget
(11,470.00) (21,924.F6) (21,43$.34) 48fi.32
0.00 0.00 (.100.00) (100.00
(11,470.00) (21,$24.66) (24,538,34) (3$6.32)
(2.85) (5.68) {8.34} (2.66)
(270.54) (592.79) (691.66) (98.87)
(7,962.75) 17r952.75~ (14,370.84) (8,408.09)
(8,236.14) (8,581.22) (15,07"0.84) 6,509.62
(19,705.14) (3Q_,485.88) (38.BR9.'18) 6:123.30
.2,150.00 4,300.00 4,900.00 (500.00)
605.00 605.00 200.00 405.00
0.00 OAO 166.66 {1fiG.fiE?)
0.00 0.00 225.00 (225.00)
878.92 926.84 525.00 401.84
0.00 0.00 1,250.00 (1,250.00)
827.31 2,078.76 2,305.00 (226.24)
1.700.00 1,700.00 1,700.00 0.00
6,181.23. 9,610.60 11,271.66 (1,661.t}8)
Q.pO 0.00 100.00 (100.00)
o.oo coo 100.00 (1 oo.oa)
336.23 490.55 500.00 ~ (9.45)
1,463.01 3,026.98 2,590.00 436.88
5,074.00 5,074.00 6,116.66 (1,042.86)
997.58 2,116.81 1,993.34 123.57
271.66 590.12 900.00 (309.88)
8,142.48 11.298.5$ 12,100.00 ~ 01.44)
2,565.Op 5,289.50 5,478.34 (188.84)
255.24 331.39 1,300.00 (96$.61)
411.12 1,961.54 1,648.86 314.88
0.00 0.00 118.68 (116.88)
3,2$1.36 7,582.43 -.- __ - . $,541.SE_ _ (959.23)
-$-
Mound, MN Public Flous~ne
2Q~p Gammerce Boulevard
Mound, MN 55364
A,s Of
November S0, 2006
Statement of Qperat[ng Receipts ~ Expenditures
4510Q0 - Insurance
452000 - Pmts In Lisu Of Taxes
45400p - Employee $eneflt Contr'Ibutians
Total t3sneral Expense
Total Routine Expense.
Total lVonroutine Expense
Yotai Expenso
Y"~D Dyer'
Cur~nt YTD Prorated .(Under)
ivi Ba{ance Bud9~ Budget
266.75 ~ 549.43 1,926.6E {1,977.23)
166.39 531.31 521.66 9.65
747.25 1,498.43 2,44x.00
w (941.57)
1180.38 _ 2579.17 4,888.32 (2,309.15
18.715.45 31070.76 38,9x1,64 „~ (5.830.881
o:oo o.oa o.oo a.oo
18.7'15.45 ~ 311070.76 36,901.64_ (5,830_
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rNDIAN KNOLL MANOR
2020 COMMERCE BLVD
MQU~117, MN 55369
PAID INVOICES SORTED BY VENDOR
FROM December 1, 2006 TIiROUGH December 31. 2006
January 18, 2007
PAGE: "
VENDOR VENDOR CHECCC ACG1'6 CHECK M tNVgiC& INVOICE CUMULATIVE
NUMBER NAME DAT$ DATE NUMBER $ NUMBER AMOUNT TOTAL
3 PROGRAMMED MANAgEM&DYZ' gpRp 12-272008 DSCa006 2d69 8 320120067031640
TOTAL k+AID
6xeoxT 2'R08ERTIEB ZNC 12 21-3006 DEC2006 2472 $ Kmde GSLtB
6 IVESTPDRT PROPERTIES INC 12-Oa-2006 bEC2006 2454 S 11/06 Postage
6 NESTPpRT 1'Rbp1,~iT1E8 tNC 1a-04-2006 NOV2006 2da7 g 11/06 Mgmt Fee
r~5~c~~.wf- xl~'lgS (~lr~-~ - C.v~f~„wg.
TQI'AX. PAID
7 NESTPORT PROPEATIEB PAYApLL 12-13.2006 D$C2006 2156 $ 12/15 Payroll
7 NESTPOAT PRQPEATIE$ PAYROI.I. 33.31-2006 DEC2006 2476 $ DeC 31 PayY011
TOTAL PAID
20 %CEL ENERGY 12-04-2006 D8C2006 2155 S B1-6383341-8 NOV06
TOTAIG PALO
34 HOME DEPOT CREDIT SERV-MOUND 12-Oq-2008 DRC2006 2451 S 9013655
TOTAL PAFD
54 RENTAL Rfi3BARCH SERVICES, ZNC.12-21-2006 flEC20D6 2470 S Y87232 hOV08
C2ed~ ,~avi-~ ~~N n~ ~a~ ~~~~~
TOTAL PAID
56 CenterPOint Energy i2-212006 DBC2006 2lgd 8 8000012941 OCT/NOV
TOTAL PAID
80 AL8 VACUUM AND 12-21-2006 DEC2p06 2462 S 21975
TOTAL PAID
92 CULLIGAN 22-2i-2006 118C3006 2465 S 445863
TOTAL PAID
95 B BYLVE3TER, LLC 12-23-20D6 DBC3006 2463 8 MTCB Nov06
TOTAL PAID
99 MINNfi80TA ELEVATOR INC 12-21-2006 DEC2006 2473 8 108154
' TOTAL PAID
19.63
48.63 4x.63
---------------------
26d.D0
5.82
850.00
1119.82 1168.45
2822.fi3
2$81.67
5704.28 6873.73
1d$3.01
1463.01 8335.74
28.32
29.32 8365.06
34.50
3d.50 8358.56
5074.00
5074.00 13473.56
53.20
53.20 13536.76
121.8d
121.84 13648.60
6s .20
68.20 13716.80
193 .98
193.96 13910.78
_lo_
INDIAN KNOLL MANOR
0 COMMERCE BLVD
MN 55364
PAID INVOICES 80ATED BY V@NbpR
PROM Daermb~r 1, 2006 THROUGH December 31, 2006
January 18, 2or-
PAQEa
VENDOR VENDOR CNECK ACCTG C9~CE N INVOICE INVOICE CUMULATIVE
NUMBER NAME DATE DATE NUMBER $ NUMBER AMOUNT TOTAL
101 C NABER end A990CIATEB 12-oa-20pb ABC2D46 2450 S
101 C NABBR and ASSOCIATES 12-04-2D06 DEC2006 7450 9
101 C NABER and A880CIATES 12-21-2006 DEC2006 2d6a 8
37456 625.00 ~''{ PG"R..~ t~~
37!86 8.61
37551 103.00
TOTAx. IiAYD 736.61 14647.59
102. MOUND TRUE VALUE HARDWARE 12-21-2006 DEC2006 2468 S 25808 x.39
10a MOUJto TaU6 VALt~ tlAk~Dwaks 12-21.2006 AHC2006 2468 8 28311 13.99
Sp9 MOUND TRUE "VALUE HARDWARE 12-21-2006 DRC=006 2468 5 2364b3 -50
TOTAL PAID 18.88 lab6b.47
103 ADAMS PEST CONTROL INC 12-Od-2006 DEC.Z006 3449 8 295437 59.68
TOTAL PAID 59.68 14726.15
105 ZPAN 088'ICB $OLUr1pN3 1a~04-x006 DEC20D6 2453 8 23356002 54.68
-TOTAL-PAID---- 51.88 --1x781,03---
125 IKON FINANCIAL SERVICE - LEASEI2-21-200fi DEq 006 ?.467 8 71284326 139.38
.TOTAL PAID 139.38. 14924.x1
90005 HSHC BUSINESS SOLUTIONS 12-04-2006 DSC2006 2a $2 Q 30Z4a9306080171 30.87
90005 7i88C $UBINE$$ $OLUS"I(]N$ 12-ad-ZOOS nEC2006 2452 S 3D2t30t0608a015 67.38
TOTAL PAID 98•x5 15038.66
90010 WASTE TBCB270LOGY INC 12-21-2006 DEC2006 2t71 8 103911 365.76
xOTAI,~ PAiD 365.26 15383.92
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