2007-02-27PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
~I~
AGENDA CCU `-~
MOUND HOUSING S RI+JDIIJVELOPMENT AUTIiOR1TV
REGULAR MEETING
TUESDAY, FEBRUARY 27, 2007 - 7:1~ YM
~ MOUND CITY COUNCIL CHAiVIBE.I2S
Pale
1. Open meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: February 13, 2007 -Regular Meeting 1-2
•4. Indian Knoll Manor Manager's Monthly Report 3-12
5. Action Accepting Audited Financial Report and Auditor's
Management Letter for year ended September 30, 2006.
6. Action appointing HRA secretary
7. Adjourn
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
• FEBRUARY 13, 2007
The Housing and Redevelopment Authority in and for the City of Mound,
Minnesota, met in regular session on Tuesday, February 13, 2007, at 7:20 p.m.
in the council chambers of city hall.
Members present: Mayor Mark Hanus; Councilmembers 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, Amanda Schwarze.
1. Open meeting
Chair Hanus called the meeting to order at 7:20 p.m.
2. Approve agenda
MOTION by Beise, seconded by Osmek to approve the agenda. All voted in
favor. Motion carried.
3. Approve minutes
MOTION by Osmek, seconded by Beise to approve the minutes of the January
. 23, 2007 meeting. All voted in favor. Motion carried.
4. Amend bylaws of Housina and Redevelopment Authority
John Dean explained that the purpose of the amendments is to bring the bylaws
into compliance with state statute. The two changes are; the notation of a seal
of authority, and the addition of secretary to the list of officers.
MOTION by Osmek, seconded by Specht to amend the bylaws as presented.
All voted in favor. Motion carried.
5. Transit District Proiect Update
Carlton Moore stated that he has met with the contractor for the parking deck
project and there will be activity on the site next week, consisting of moving
snow, cutting trees, and bringing in a construction trailer. It will be 2-3 weeks
before any heavy construction starts.
Sarah Smith also stated that the property exchange with the Hennepin County
Regional Railroad Authority is complete, the transit hub agreement has been
executed with the $200,000 check forthcoming, the Ray Mar Properties
exchange will be closing soon, and final approvals and permits have been
received for the environmental issues.
I~
-1-
HRA Minutes -February 13, 2007
Kandis Hanson noted that there will not be a groundbreaking with the project
because of the weather, but a large ribbon cutting ceremony when the project is
completed.
6. Adjourn
MOTION by Osmek, seconded by Specht to adjourn at 7:28 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
February 27, 2007
Manager's Agenda
• January Bank Statement
• December Income Statement
• Review of bills paid
• Managers Report
• Resident Council Report
•
-3-
WELLS FARGO BANK, N.A.
RIDGEDALE OFFICE
POST OFFICE BOX 8 514
MINNEAPOLIS, MN 55479
~I~I~~I~I~~~Ii~~ll~„I~~I~~~II,II~~~~I~II~~~I~I,~I~~~II~II~~
HOUSING & REDEVELOPMENT AUTHORITY
SPECIAL ACCOUNT
CITY OF MOUND
FINANCE DIRECTOR
5341 MAYWOOD RD
MOUND MN 55364-1627
Page 1 of 3
1334
Account Number:
Statement Period:
Image Count:
(CO300)
000-0033530
Jan 1, 2007-
Jan 31, 2007
41
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 Beginning Deposits/ Withdrawals/ Ending
Type Balance Credits Debits Balance
Basic Business Checking wifh Interest 34,801.07 20,155.12 - 29,507.65 25,448.54
000-0033530
News from Wells Fargo
NEW'TERMS: Effective April 2, 2007, Balance Inquiries at non-Wells Fargo ATMs {U.S. and International) will be
$1,50 each.
For questions,, please contact your Wells Fargo banker or calf the telephone number on your statement. We
appreciate yourbusiness and look forward to.continuing to serve your financial needs.
Basic Business Checking with Interest A00-0033530
Housingg & Redevelopment Authority
Special Account
Dec, 31 Beginning Balance 34,801.07
Jan 31 Ending Balance 25,448.54
Deposits and Credits -----------------------------------------------------------------------------------------------------------------------
Posted
Date Transaction Detail Amount
Jan 05 Hud'Treas 303 Misc Pay 010507 410962421860103
RMT'VV'099144949*"""~hud Operating Fund MN0740 7,001.33
Jan 09 Deposit 4;906.00
Jan 09 Deposit 3,462.00
Jan 09 Deposit 1,304.00
Jan 10 Deposit 720.52
Jan 10 Deposit 637.53
Jan 16 Deposit 537.00
Jan 16 Deposit 281.97
Jan 26 Bank By Mail Deposit 353.68
Jan 26 Bank By Mail Deposit 82.00
Jan'30 Bank By Mait Deposit 615.00
Jan 31 Deposit 249.00
Jan 31 Interest Payment 5.09
Continued on next page
-4-
Housing & Redevelopment Authority
Special Account
• Withdrawals and Debits -----------------------------------------------
Posted
Date Transaction Detail
Jan 10 Return Item Chargge -Paper MN 070110
Jan 10 Return Item Fee 1VIN 070110
Checks Paid --------------------------------------------------------------
Page 2 of 3
1335
Account Number:
Statement End Date:
•
000-0033530
01 /31 /07
Amount
- 209.00
- 5.00
Check # Date Arnounf Check # Date
~~_
~ .Amount
W___w
~~ Jan 17 ____~ 106.50 2483 ___ _
Jan 16 135.40
2447 Jan 04 850.00 2484 Jan 18 367.08
2462 Jan 04 53.20 2485 Jan 17 10.62
2463 ~ Jan 11 68.20 2486 Jan 16 174.74
2464 + Jan 05 103.00 2487 Jan 18 493.87
2465 Jan 05 121.84 2488 Jan ?8 139.57
2466 Jan 08 5,074.00 2489 Jan 16 54.88
2467 Jan 04 139.38 2490 Jan 17 33.27
2468 Jan 04 18.88 2491 Jan 16 76.39
2469 Jan 04 48.63 2492 Jan 17 48.64
2470 Jan 02 34.50 2494 Jan 16 49.00
2471 Jan 04
2472 Jan 04 365.26
264.00 2495
2496 Jan 16
Jan 16 520.05
261.25
2473 Jan 02 193.98 2497 Jan 17 279.00
2476 Jan 04 2,881.67 2498 Jan 16 435.26
2477 Jan 16 850.00
00
103 .2501
2502 Jan 16
Jan 16 1,641.32
882.59
3
2478 -F Jan 17
2479 Jan 12 .
1,159.81 2526 Jan 29 ,
1,342.75
2480 Jan 17 6.09 2530 .Jan 31 193.98
2481 - Jan 17 2,537.00 2533 `Jan 31 3,575.05
2482 Jan 18 600.00
• "Gap in Check Sequence
lfem converted to substitute check
y -------------------------
Daily Balance Summar
---------------
- -
- -----°°°°°°-°- ---"
Date Balance Date Balance
Dec 31 - - ---- 34,801.07 Jan 12 ~ 41,242.10
Jan 02 34,572.59 Jan'16 33,980.19
'
Jan 04 29,951.57 Jan 17 3Q856.07
Jan 05 36,728.06
654
06
31 Jan 18
Jan 26 29,255.55
29;691.23
Jan 08_
Jan 09 .
,
41,326.06 Jan 29 28,348.48
Jan "'10 42,470.11 Jan 30 28,963.48
Jan 11- 42,401.91. Jan 31 25,448.54
Average Collected Balance $ 33,336.96
Interest Summar ------------------
y --------------- --------------- ------------------------ ---- --------------------------- -------------- ---------
Annua! Percentage Yield Earned This Period 0.18%
Interest Earned During This Period 5.09
Year.to Date Interest and Bonuses Paid - 5.09
Total lnterestand Bonuses"Earned /n 2006 34.11
For Your Interest
•
Thank you for banking with Wells Fargo.
-5-
MBIA
~unarna Statement
December 2006
For more information, call MBIA Asset Management at (800)395-5505
Fax: (800)765-7600
~~~
Mound Housing and Redevelopment Authority
Account Number: MN-O1-0258-2001
Account Name: GENERAL FUND
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $170,708.34 $0.00 $0.00 $733.07 $171,086.48 $171,441.41
Fiscal YTD
Endin 12/31/0 $501,135.55 $76,000.00 $430,000.00 $24,305.86 $518,623.64 $171,441.41
Account Number: MN-01-0258-2002
Account Name: MOUND HUD
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $1,883.64 $0.00 $0.00 $8.06 $1,887.80 $1,891.70
Fiscal YTD
Ending 12/31/0 $1,804.56 $0.00 $0.00 $87.14 $1,846.09 $1,891.70
Total of all accounts
Beginning Contrtbutions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $172,591.98 $0.00 $0.00 $741.13 $172,974.28 $173,333.11
Fiscal YTD
Endin $502,940.11 $76,000.00 $430,000.00 $24,393.OU $520,469.73 $173,333.11
December 2006
Page: 1
-6-
Mound, MN Public Housing
2020 Commerce Boulevard
Mound, MN -55364
As OF
December 31, 2006
BALANCE SHEET
ASSETS
111101 -Cash General Fund 23,406.69
111700 - Petty Cash 100.00
112200 - Tenants Accounts Receivable (290.92)
112900 - City of Mound 910.11
116200 - General Fund Investments. 1,867.81
140002 - Development Cost 1,505,904.64
140003 - Development Cost Contra (2,168,063.55)
140005 - Accumlated Depreciation (1,945,680.56)
140007 - Buildings 1,642,970.53
140008 - Furniture,Equipment,Machines-Dwelling 33,551.61
140009 - Furniture,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 Uncomplete Contra (36,803.00)
TOTAL ASSETS 516,623.87
SURPLUS AND LIABILITIES
211400 - Tenants Security Deposits (8,883.00)
211410 -Tenants Pet Deposits (2,700.00)
211499 - Security Deposit Interest (533.90)
212900 - Notes Pay Levy Fund (50,000.00)
213400 - Accrued Utilities (5,074.00}
213700 - Payment in Lieu of Taxes (2,931.07)
(771.57)
213701 -PILOT Current Year
280200 -Investments in Fixed Assets -Net (490,630.15)
280600 -Unrestricted Net Assets 58,282.57
Current Year Net Activity (13,382.75)
TOTAL SURPLUS AND LIABILITIES ~~
-7
Mound, MN Public Housing
2020 Commerce Boulevard
Mound, MN 55364
As Of
®ecember 31, 2006
Statement of Operating Receipts ~ Expenditures
311000 - Dwelling Rental
312000 - Excess Utilities
Total Rental Income
361000 - Investment Interest/General Funds
369000 - Other Income
802000 - Operating Subsidy
Total Other Operating Receipts
Total Receipts
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
441000 - Maintenance Labor
442000 - Materials
443000 - Contract Costs
448000 -Protective Services
Total Maintenance Expense
YTD Over
Current YTD Prorated (Under)
Activi Balance Budget Budget
(11,526.15) (33,450.81) (32,157.51) 1,293.30
0.00 0.00 (150.00) (150.00)
(11,526.15) (33,450.81) (32,307.51) (1,143.30)
(4.74) (10.42) (12.51) (2.09)
(863.94) (1,456.73) (1,037.49) 419.24
(10,204.25) (18,167.00) (21,556.26) (3,389.26)
(11,072.93) (19,634.15) (22,606.26) 2,972.11
(22,599.08) (53,084.96) (54,913.77) 1,828.81
2,420.00 6,720.00 7,350.00 (630.00)
0.00 605.00 300.00 305.00
0.00 0.00 249.99 (249.99)
0.00 0.00 337.50 (337.50)
48.63 975.47 787.50 187.97
0.00 0.00 1,875.00 (1,875.00)
506.08 2,584.84 3,457.50 (872.66)
0.00 1,700.00 2,550.00 (850.00)
2,974.71 12,585.31 16,907.49 (4,322.18)
0.00 0.00 150.00 (150.00)
0.00 0.00 150.00 (150.00)
162.23 652.78 750.00 (97.22)
0.00 3,026.98 3,885.00 (858.02)
5,074.00 10,148.00 9,174.99 973.01
1,119.42 3,236.33 2,990.01 246.32
365.26 955.38 1,350.00 (394.62)
6,720.91 18,019.47 18,150.00 (130.53).
2,216.63 7,506.13 8,217.51 (711.38)
72.08 403.47 1,950.00 (1,546.53)
291.53 2,253.07 2,469.99 (216.92)
0.00 0.00 174.99 (174.99)
2,580.24 10,162.67 12,812:49 (2,649.82)
8
Mound, MN Public Housing
2020 Commerce Boulevard
Mound, MN 55364
As Of
December 31, 2006
Statement of Operating Receipts & Expenditures
451000 - Insurance
452000 - Pmts In Lieu Of Taxes
454000 - Employee Benefit Contributions
457000 - Collection Loss
Total General Expense
Total Routine Expense
Total Nonroutine Expense
YT® ®ver
Current YTD Prorated (Under)
Activit Balance Budclet Budget
234.61 784.04 2,889.99 (2,105.95)
240.26 771.57 782.49 (10.92)
735.49 2,233.92 3,660.00 (1,426.08)
145.23 145.23 0.00 145.23
1,355.59 3,934.76 7,332.48 (3,397.72)
13,631.45 44,702.21 55,352.46 (10,650.25)
0.00 0.00
0.00 0.00
Total Expense 13,631.45 44,702.21 55,352.46 (10,650.25)
-9-
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICES SORTED BY VENDOR
FROM January 1, 2007 THROUGH January 31, 2007
February 16, 2007
PAGE: 1 "
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
NUMBER NAME DATE DATE NUMBER S NUMBER AMOUNT TOTAL
3 PROGRAMMED MANAGEMENT CORP 01-09-2007 JAN2007 2492 S 010120077031744 48.64
TOTAL PAID 48.64 48.64
----------------------------------------------------------------------------------------------------------------------------------
4 PARK SUPPLY INC OI-26-2007 JAN2007 2532 S 75877400 155.03
TOTAL PAID 155.03 203.67
6 WESTPORT PROPERTIES INC 01-04-2007 JAN2007 2477 S 12/06 Mgmt Fee 850.00
TOTAL PAID 850.00 1053.67
7 WESTPORT PROPERTIES PAYROLL 01-26-2007 JAN2007 2533 S 1/31 Payroll 3575.05
7 WESTPORT PROPERTIES PAYROLL 01-10-2007 JAN2007 2502 S O1/15 Payroll 3882.59
TOTAL PAID 7457.64 8511.31
20 XCEL ENERGY 01-09-2007 JAN2007 2501 S 51-6383341 Dec06 1641.32
TOTAL PAID 1641.32 10152,63
----------------------------------------------------------------------------------------------------------------------------------
34 HOME DEPOT CREDIT SERV-MOUND 01-26-2007 JAN2007 2522 S 4019640 10.61
34 HOME DEPOT CREDIT SERV-MOUND 01-09-2007 JAN2007 2485 S 7015819 10.62
34 HOME DEPOT CREDIT SERV-MOUND O1-26-2007 JAN2007 2522 S 8023914 18.03
TOTAL PAID 39.26 10191.89
36 STS FLOORING INC 01-09-2007 JAN2007 2495 S 48604 520.05
TOTAL PAID .520.05 10711.94
----------------------------------------------------------------------------------------------------------------------------------
54 RENTAL RESEARCH SERVICES, INC.O1-09-2007 JAN2007 2494 S y87232 dec06 49.00
TOTAL PAID 49.00 10760.94
----------------------------------------------------------------------------------------------------------------------------------
56 CenterPoint Energy 01-09-2007 JAN2007 2481 S 8000012941 Dec06 2537.00
TOTAL PAID 2537.00 13297.94
----------------------------------------------------------------------------------------------------------------------------------
64 Peachtree Business Products X01-26-2007 JAN2007 2523 S P130785900019 493.00
/y~~,~ ~~C,k,~ J~~fIS K~~ ~ (~/V•~~~~ TOTAL PAID 493.00 13790.94
92 CULLIGAN 01-09-2007 JAN2007 2480 S 101x17733406 6.09
TOTAL PAID 6.09 13797.03
----------------------------------------------------------------------------------------------------------------------------------
_lo_
PAID INVOICES SORTED BY VENDOR
INDIAN KNOLL MANOR
2020 COMMERCE BLVD FROM January 1, 2007 THROUGH January 31, 2007
February 16, 2007
MOUND, MN 55364
PAGE: 2
• CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
VENDOR VENDOR
NUMBER NAME DATE DATE NUMBER S NUMBER AMOUNT TOTAL
95 B SYLVESTER, LLC 01-26-2007 JAN2007 2525 S Nov - Dec 136.40
TOTAL PAID 136.40 13933.43
99 MINNESOTA ELEVATOR INC 01-26-2007 JAN2007 2530 S 109918 193.98
TOTAL PAID 193.98 14127.41
100 FRONTIER 01-09-2007 JAN2007~ 2484 S 9524725078 Dec06 367.08
100 FRONTIER 01-26-2007 JAN2007 2528 S 9524725078 Jan07 373.61
(1
(~J ~/ ~~,(f~ TOTAL PAID 740.69 14868.10
101 C NABER and ASSOCIATES 01-09-2007 JAN2007 2478 S 37815 103.00
TOTAL PAID 103.00 14971.10
----------
102 -----------------------------
MOUND TRUE VALUE HARDWARE ------------
01-09-2007 -------------
JAN2007 ----------
2490 ------
S ------------- -
~ 29381
18.28
102 MOUND TRUE VALUE HARDWARE 01-09-2007 JAN2007 2490 S 29783 14.99
TOTAL PAID - - -33.27 15004.37
104 CITY OF MOUND 01-09-2007 JAN2007 2479 S 9442343015 Dec06 1159.81
104 CITY OF MOUND 01-26-2007 JAN2007 2526 S 94-42343015 Jan07 1342.75
i
111
... ~-J ~~~
~~~
'~
///
---------
-
----------
----- TOTAL PAID
------------- 2502.56 17506.93
-
--------
105 -
-
--
-----------------------
IKON OFFICE SOLUTIONS -------------
01-09-2007 --
-
JAN2007 2489 S 23389786 54.88
105 IKON OFFICE SOLUTIONS 01-26-2007 JAN2007 2529 S 23423213 54.88
~.~C,~,
```"`JJJJJJ
+++
""KKK..~~~
~~~~ TOTAL PAID 109.76 17616.69
---------
115 -
--'---------'--
---'--
-
-
MN Dept of Labor & Industry -------------
01-26-2007 -------------
JAN2007 ----------
2531 -----
S -------'-----
B42 351B022658I
110.00
TOTAL PAID 110.00 17726.69
125 IKON FINANCIAL SERVICE - LEASE01-09-2007 JAN2007 2488 S 71568094 139.57
TOTAL PAID 139.57 17866.26
128 On Time Delivery Service 01-09-2007 JAN2007 2491 S 35343 76.39
---------
--- - ------------------------
------------
-------------
----------
------ TOTAL PAID
----------- 76.39 17942.65
•
-11'
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICES SORTED BX VENDOR
FROM January 1~, 2007 THROUGH January 31, 2007
February 16, 2007
PAGE: 3
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
NUMBER NAME
- ------------------------------- DATE
-------------'---- DATE
-------- NUMBER
----- - -------- S
----- NUMBER
- - ------------------- AMOUNT
- ----------- TOTAL
---------------
144 Concept Landscaping 01-26-2007 JAN2007 2527 S 4686 150.00
TOTAL PAID 150.00 18092.65
163 Sterne Electric Co. 01-09-2007 JAN2007 2496 S 8995 261.25
TOTAL PAID 261.25 18353.90
---------------------------------
90005 HSBC BUSINESS SOLUTIONS ------------------
01-09-2007 --------
JAN2007 ----------------
2486 -----
S -----------------------
Dec Invoice ------------
174.74 ---------------
TOTAL PAID 174.74 18528.64
90010 WASTE TECHNOLOGY INC 01-09-2007 JAN2007 2498 S 104715 435.26
TOTAL PAID 435.26 18963.90
90011 IDCSERVCO 01-09-2007 JAN2007 2487 S 10010510 493.87
TOTAL PAID 493.87 19457.77
V
ndome Group, LLC
90035
e 9-2007
01
-0 JAN
2007 2497 S Monthly Mailings 279.00
j///~/// ~
~
/
1 ~lr~/ `' ( ~'' ~~ ~ ~ ~
A ~~~~~~ /f,/i~
~
Y
°
,/1 i~ ~~. (~C~, ~.(/~ TOTAL PAID 279.00 19736.77
- -----
i "`
--------
90036 Deluxe Business Checks ----- - ------ ----
01-09-2007 --------
JAN2007 -'--------------
2483 -'---
S -----------------------
23204721 ------------
135.40 ---------------
~~,~ C.`j~,.~ O ~,~ L~~ TOTAL PAID 135.40
--
- 19872.17
---------------------------------
90037 Pittsburgh Paints -------------------
01-09-2007 --------
JAN2007 ---------------
2493 ------
S -----------------------
12346 -
-------
106.50 ---------------
TOTAL PAID 106.50 19978.67
arwater Painting
90038
Cle 01-09-2007 JAN2007 2482 S 184 600.00
,~~J+/n~~/J~'_~}
1
T(
(
LL~( ~ ~
~ J,~q~
Z
~
Ci/ TOTAL PAID 600.00 20578.67
,
,
~.4 .
. ---
---- ---------------
---------------------------------
90039 1-800-Got-Junk ------------------
01-26-2007 --------
JAN2007 ---------------
2524 -----
S ------------------------
1113335 --
---
733.00
TOTAL PAID 733
00 67
21311
. .
-12-