2007-03-27PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
AGENDA
MOUND HOUSING. & ,REDEVELOPMENT AUTHORITY'''
REGULAR IVIEET~NG
TUESDAY, MARCFI 27, 2007 - 6:30. PM
MOUND-CITY COUNCIL CHAMBERS -
P~
1. Open meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: February 27, 2007 -Regular Meeting
4. Indian Knoll Manor Manager's Monthly Report
5. Discussion/Action on downtown Mound redevelopment project,
including update from Mound Harbor Renaissance Development, LLC,
6. Adjourn
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
FEBRUARY 27, 2007
The Mound Housing and Redevelopment Authority in and for the City of Mound,
Minnesota, met in regular session on Tuesday, February 27, 2007, at 7:15 p.m.
in the council chambers of city hall.
Members present: Chair 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, Public Works Director Carlton Moore, Finance Director
Gino Businaro, Cindy Reiter
1. Open meeting
Chair Hanus opened the meeting at 7:15 p.m.
2. Approve agenda
MOTION by Specht, seconded by Beise to approve the agenda. All voted in
favor. Motion carried.
3. Approve minutes
MOTION by Specht, seconded by Osmek to approve the minutes of the February
13, 2007 meeting. All voted in favor. Motion carried.
4. Indian Knoll Manor Manager's Monthly Report
Cindy Reiter presented the monthly report as follows:
A. January Bank Statement
B. December Income Statement
C. Review of bills: MOTION by Osmek, seconded by Beise to approve
payment of the bills for January, 2007. All voted in favor. Motion
carried.
D. Manager's report: Cindy reported that they have started a new
outreach to senior citizens.
5. Action accepting audited financial report and auditor's management
letter for year ended September 30, 2006.
Gino Businaro presented the report and letter.
MOTION by Osmek, seconded by Specht to accept the Audited Financial Report
and Auditor's Management letter for year ended September 30, 2006. All voted
in favor. Motion carried.
Mound HRA Minutes -February 27, 2007
6. Action appointing HRA secretary
MOTION by Osmek, seconded by Specht to open nominations for secretary. All
voted in favor. Motion carried.
MOTION by Specht, seconded by Beise to nominate David Osmek as secretary
for the Mound HRA. All voted in favor. Motion carried.
Chair Hanus asked for any other nominations and received none.
MOTION by Osmek, seconded by Specht to close nominations. All voted in
favor. Motion carried.
MOTION by Specht, seconded by Beise to appoint David Osmek as secretary of
the Mound HRA. All voted in favor. Motion carried.
Osmek authorized Bonnie Ritter to take minutes of the HRA meetings.
7. Adiourn
MOTION by Osmek, seconded by Specht to adjourn at 7:26 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
March 27, 2007
Manager's Agenda
• February Bank Statement
• January Income Statement
• Review of bills paid
• Managers Report
• Resident Council Report
WELLS FARGO BANK, N.A.
RIDGEDALE OFFICE
POST OFFICE BOX B 514
MINNEAPOLIS, MN 55479
~I~O~~~~~~~~~~~~IO.~~Iu~~~~~~~~~~~~~0~~~u~0~1~~~~u~~~~~u
HOUSING ~-REDEVELOPMENT AUTHORITY
SPECIAL ACCOUNT
CITY OF MOUND
FINANCE DIRECTOR
5341 MAYWOOD RD
MOUND MN 55364-1627
Page 1 of 3 ~
1268 (00300)
Account 111umber: 000-0033530
Statement Period: Feb 1, 2007--
. Feb 28, 2007
Image Count: 29
-":~ ~
~,.
~,
';,
!f 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 with Interest 25,448.54 17,253.52 - 13,169.34 29,532.72
000-0033530
News from Wells. Fargo
Basic Business Checking with Interest 000-0033530
Housing & Redevelopment Authority
Special Account
Jan 31 Beginning Balance 25,448.54
Feb 28 Ending Balance 29,532.72
Deposits and Credits ------------------------ -------------------- -------------------------- ---------------- -------------------------------
Posted
Date Transaction Detail
Amounf
Feb 08 Hud Treas 303 Misc Pay 020807 410962429860103
RMT"VV'099148834°Y""""hud Operating Fund MN0740 7,001.33
Feb 08 Deposit ~ 4,919.00
Feb 08 De osit
it
b 08 D p
F QD 2;410.00
1~~' '`~ 376.00
os
e 00
417
Feb 20 Depos{t .
76
314
Feb 20 De osrt
Feb 21 Bank By Mail Deposit :
222.00
Feb 21 Ba; ~k By Ma11 Dsposrf 1,547.00
15
42
Feb 27 Deposit .
428
Feb 28 Interest Payment
Checks Paid ---------------------------------------- --------------------- ------------------------ -------------- --------------------------------
Check # Date Amount Check # Date ~ Amount
2522 Feb 06 28.64 2528 Feb 07 373.61.
2523 Feb 02 493.00 2529 Feb 05 54.88
2524- Feb 06 733.00 2531 Feb 01 1 ?0.00
2525 + Feb 06 136.40 2532 + Feb 02 155.03
2527 Feb 02 150.00 2534 Feb 15 850.00
"Gap in Check Sequence .
+ Item converted to substrtufe check
Continued on next page
W.-.... ~ .... .I1 ~
Page 2 of 3
1269
Mousing & Redevelopment Authority Account Number: Q00-0033530
Special Account statement Fnd Date: 02!28!07:
Checks Paid ------- ---=------------------------------------------------- -----------=---------------- ----------------- --------------------------
Check' ~# Date AmQ.unt.: Check '~ Date;:.' . - Amount
2535 Feb 15 ,- Y 25 77 2541 Feb 20 84.16
2536 - Feb 16 1,624,42 2545 Feb. 20 69.00
2537 Feb 20 ' 2,537:00 2546. Feb 28 85:00
2538. Feb 23 79:00 2547 Feb 15 4,005.96
2589 + Feb 20 103.00 2561 Feb-27 1,338.15
2540.- - Feb 22 133.32
"Gap in Check Sequence -
+ Item converted to substitute check
Daily Balance Summary ---------------------------------------------------------------------------------------------------------------------
Date Balance Date- Balance
Jan 31 25,4'48:54' Feb 16 31,414.16
Feb 01 25,338.54 Feb 20 . 29;382.76
Feb 02 24,540.51 Feb 21 31,121.76
Feb 05 24,485.63 Feb 22 30,988.44
Feb- 06 23,5$7.59 Feb 23 30,909.44
Feb 07 23,213.98 Feb 27 29,613.44
Feb 08 37,920.31 Feb 28 29,532.72
Feb 15 33;038:58
Average Collected Balance $ 30,927.33
Interest Summary ------------------------------=--------------------==----------=--------------------------------------------------------------
Annual Percentage Yield Earned This Period 0.18%
Interest Earned During This Period 4.28
Year to Date-Interest and Bonuses. Paid 9.37
Tofa1 Interest and Bonuses Earned !n 2006 34.11
For .Your Interest
Mound, MN Public Housing
2020 Commerce Boulevard
Mound, MN 55364
As OF
January 31, 2007
BALANCE SHEET
ASSETS
111101 - Cash General Fund 23,195.95
111700 - Petty Cash 100.00
112200 - Tenants Accounts Receivable 706.86
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
SURPLUS AND LIABILITIES
211400 - Tenants Security Deposits (9,383.00)
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)
213701 -PILOT Current Year (1,128.17)
280200 -Investments in Fixed Assets -Net (490,630.15)
280600 -Unrestricted Net Assets 58,282.57
Current Year Net Activity (13,313.19)
TOTAL SURPLUS AND LIABILITIES
Mound, MN Public Housing
2020 Commerce Boulevard
Mound, MN 55364
As Of
January 31, 2007
Statement of Operating Receipts & Expenditures
YTD Over
Current YTD Prorated (Under)
Activi Balance Budget Budget
311000 - Dwelling Rental (13,094.51) (46,545.32) (42,876.68) 3,668.64
312000 - Excess Utilities 0.00 0.00 (200.00) (200.00)
Total Rental Income (13,094.51) (46,545.32) (43,076.68) (3,468.64)
361000 - Investment Interest/General Funds (5.09) (15.51) (16.68) (1.17)
369000 - Other Income (342.97) (1,799.70) (1,383.32) 416.38
802000 - Operating Subsidy (7,001.33) (25,168.33) (28,741.68) (3,573.35)
Total Oth er Operating Receipts (7,349.39) (26,983.54) (30,141.68) 3,158.14
Total Receipts
Expenses
(20,443.90) (73,528.86) (73,218.36) (310.50)
411200 -Manager Payroll 2,720.00 9,440.00 9,800.00 (360.00)
413000 - Legal Expense 0.00 605.00 400.00 205.00
414000 - Staff Training 279.00 279.00 333.32 (54.32)
415000 - Travel 0.00 0.00 450.00 (450.00)
417000 - Accounting Fees 151.64 1,127.11 1,050.00 77.11
417100 -Auditing Fees 0.00 0.00 2,500.00 (2,500.00)
419000 - Sundry-Administrative 2,489.08 5,073.92 4,610.00 463.92
419500 - Outside Management 850.00 2,550.00 3,400.00 (850.00)
Total Administrative Expense 6,489.72 19,075.03 22,543.32 (3,468.29)
422000 - Tenant Services 0.00 0.00 200.00 (200.00)
Total Tenant Services Expense 0.00 0.00 200.00 (200.00)
431000 - Water 232.02 884.80 1,000.00 (115.20)
432000 - Electricity 1,641.32 4,668.30 5,180.00 (511.70)
433000 - Gas 2,537.00 12,685.00 12,233.32 451.68
439000 - Other Utility Expense 1,116.82 4,353.15 3,986.68 366.47
439100 - Garbage Removal 435.26 1,390.64 1,800.00 (409.36)
Total Utilities Expense 5,962.42 23,981.89 24,200.00 (218.11)
441000 - Maintenance Labor 2,982.82 10,488.95 10,956.68 (467.73)
442000 - Materials 555.20 958.67 2,600.00 (1,641.33)
443000 - Contract Costs 2,883.18 5,136.25 3,293.32 1,842.93
448000 -Protective Services 0.00 0.00 233.32 (233.32)
Total Maintenance Expense 6,421.20 16,583.87 17,083.32 (499.45)
Mound, MN Public Housing
2020 Commerce Boulevard
Mound, MN 55364
As Of
January 31, 2007
Statement of Operating Receipts & Expenditures
YTD Over
Current YTD Prorated (Under)
Activi Balance Budget Budget
451000- Insurance 278.97 1,063.01 3,853.32 (2,790.31)
452000 - Pmts In Lieu Of Taxes 356.60 1,128.17 1,043.32 84.85
454000 - Employee Benefit Contributions 1,004.55 3,238.47 4,880.00 (1,641.53)
457000 - Collection Loss 0.00 145.23 0.00 145.23
Total General Expense 1,640.12 5,574.88 9,776.64 (4,201.76)
Total Routine Expense
Total Nonroutine Expense
Total Expense
20,513.46 65,215.67 73,803.28 (8,587.61)
0.00 0.00 0.00 0.00
20,513.46 65,215.67 73,803.28 (8,587.61)
MBIA
Summary Statement
January 2007
For more information, call MBIA Asset Management at (800)395-5505
Fax: (800)765-7600
~~~
Mound Housing and Redevelopment Authority
Account Number. MN-01-0258-2001
Account Name: GENERAL FUND
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $171,441.41 .$0.00 $0.00 $736.71 $171,821.34 $172,178.12
Fiscal YTD
Endin 12/3110 $171,441.41 $0.00 $0.00 $736.71 $171,821.34 $172,178.12
Account Number. MN-O1-0258-2002
Account Name: MOUND BIUD
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $1,891.70 $0.00 $0.00 $8.06 $1,895.86 $1,899.76
Fiscal YTD
Endin 12/31/0 $1,891.70 $0.00 $0.00 $8.06 $1,895.86 $1,899.76
Total of all accounts
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $173,333.11 $0.00 $0.00 $744.77 $173,717.20 $174,077.88
Fiscal YTD
Endin $173,333.11 $0.00 $0.00 $744.77 $173,717.20 $174,077.88
January 2007 Page: 1
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICES SORTED BY VENDOR
FROM February 1, 2007 THROUGH February 28, 2007
March 20, 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 02-22-2007 FEB2007 2550 S 77031837 47.92
3 PROGRAMMED MANAGEMENT CORP 02-28-2007 FEB2007 2572 S 77031922 48.63
TOTAL PAID 96.55 96.55
----------------------------------------------------------------------------------------------------------------------------------
6 WESTPORT PROPERTIES INC 02-28-2007 FEB2007 2571 S Feb Postage 12.00
6 WESTPORT PROPERTIES INC 02-09-2007 FEB2007 2535 S Jan Postage 25.77
6 WESTPORT PROPERTIES INC 02-09-2007 FEB2007 2534 S Jan Mgmt Fee 850.00
TOTAL PAID 887.77 984.32
7 WESTPORT PROPERTIES PAYROLL 02-12-2007 FEB2007 2547 S 2/15 Payroll 4005.96
7 WESTPORT PROPERTIES PAYROLL 02-26-2007 FEB2007 2565 S 2/28/07 Payroll 3787.41
TOTAL PAID 7793.37 6777.69
----------------------------------------------------------------------------------------------------------------------------------
20 XCEL ENERGY 02-28-2007 FEB2007 2579 S 51-6383341-8 Feb07 1535.00
20 XCEL ENERGY 02-09-2007 FEB2007 2536 S 51-6383341-8 Jan07 1624.42
TOTAL PAID 3159.42 11937.11
----------------------------------------------------------------------------------------------------------------------------------
34 HOME DEPOT CREDIT SERV-MOUND 02-28-2007 FEB2007 2569 S 10743 40.32
34 HOME DEPOT CREDIT SERV-MOUND 02-28-2007 FEB2007 2569 S 7126176 154.06
TOTAL PAID 194.40 12131.51
----------------------------------------------------------------------------------------------------------------------------------
54 RENTAL RESEARCH SERVICES, INC.02-09-2007 FEB2007 2545 S y87232 Jan07 69.00
TOTAL PAID 69.00 12200.51
56 CenterPoint Energy 02-09-2007 FEB2007 2537 S 8000012941 Jan07 2537.00
TOTAL PAID 2537.00 14737.51
--- - -----------------------------------------------------------------------------------------------------------------------------
62 Minnesota Multi Housing Assoc 02-09-2007 FEB2007 2538 S 78338 79.00
TOTAL PAID 79.00 14816.51
92 CULLIGAN 02-22-2007 FEB2007 2549 S 101X17746903 212.02
TOTAL PAID 212.02 15028.53
----------------------------------------------------------------------------------------------------------------------------------
95 B SYLVESTER, LLC 02-22-2007 FEB2007 2551 S MTCS Dec Jan 136.40
95 B SYLVESTER, LLC 02-28-2007 FEB2007 2575 S February Services 68.20
TOTAL PAID 204.60 15233.13
----------------------------------------------------------------------------------------------------------------------------------
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICES SORTED BY VENDOR
FROM February 1, 2007 THROUGH February 28, 2007
March 20, 2007
PAGE: 2
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
NUMBER NAME DATE DATE NUMBER S NUMBER AMOUNT TOTAL
----------------------------------------------------------------------------------------------------------------------------------
99 MINNESOTA ELEVATOR INC 02-22-2007 FEB2007 2552 S 111555 193.98
TOTAL PAID 193.98 15427.11
------------------------------------------------------------------- - ------------------------------- - ----------------------------
100 FRONTIER 02-22-2007 FEB2007 2560 S 9524725076 Feb07 367.74
TOTAL PAID 367.74 15794.85
----------------------------------------------------------------------------------------------------------------------------------
i01 C NABER and ASSOCIATES 02-09-2007 FEB2007 2539 S 36074 103.00
101 C NABER and ASSOCIATES 02-26-2007 FEB2007 2573 S 36403 103.00
TOTAL PAID 206.00 16000.85
102 MOUND TRUE VALUE HARDWARE 02-09-2007 FEB2007 2541 S 30266 61.92
102 MOUND TRUE VALUE HARDWARE 02-09-2007 FEB2007 2541 S 30272 15.16
102 MOUND TRUE VALUE HARDWARE 02-09-2007 FEB2007 2541 S 30764 7.08
102 MOUND TRUE VALUE HARDWARE 02-28-2007 FEB2007 2568 S 31316 17.97
102 MOUND TRUE VALUE HARDWARE 02-28-2007 FEB2007 2568 S 31387 22.66
TOTAL PAID 124.99 16125.84
----------------------------------------------------------------------------------------------------------------------------------
103 ADAMS PEST CONTROL INC 02-22-2007 FEB2007 2559 S 307791 59.68
TOTAL PAID 59.68 16185.52
----------------------------------------------------------------------------------------------------------------------------------
104 CITY OF MOUND 02-22-2007 FEB2007 2561 S 2020 Feb Water 1338.15
TOTAL PAID 1338.15 17523.67
----------------------------------------------------------------------------------------------------------------------------------
105 IKON OFFICE SOLUTIONS 02-28-2007 FEB2007 2570 S 5005159845 54.88
TOTAL PAID 54.88 17578.55
108 Abdo, Eick, & Meyers LLP 02-28-2007 FEB2007 2574 S 227034 5000.00
TOTAL PAID 5000.00 22576.55
125 IKON FINANCIAL SERVICE - LEASE02-09-2007 FEB2007 2540 S 71836408 133.32
125 IKON FINANCIAL SERVICE - LEASE02-28-2007 FEB2007 2577 S 72534870 133.32
TOTAL PAID 266.64 22845.19
128 On Time Delivery Service 02-22-2007 FEB2007 2564 S 36797 43.47
TOTAL PAID 43.47 22888.66
----------------------------------------------------------------------------------------------------------------------------------
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICES SORTED BY VENDOR
FROM February 1, 2007 THROUGH February 28, 2007
March 20, 2007
PAGE: 3
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
NUMBER NAME DATE DATE NUMBER S NUMBER AMOUNT TOTAL
129 Electro Watchman, Inc 02-22-2007 FEB2007 2558 S 62154 150.00
TOTAL PAID 150.00 23038.66
----------------------------------------------------------------------------------------------------------------------------------
139 Sta-Safe locksmiths Co 02-28-2007 FEB2007 2566 S 16957 74.50
TOTAL PAID 74.50 23113.16
----------------------------------------------------------------------------------------------------------------------------------
144 Concept Landscaping 02-22-2007 FEB2007 2557 S 4698 75.00
TOTAL PAID 75.00 23188.16
----------------------------------------------------------------------------------------------------------------- - ---------------
167 PERSONAL CONCEPTS 02-28-2007 FEB2007 2567 S 2541089 159.90
TOTAL PAZD 159.90 23348.06
----------------------------------------------------------------------------------------------------------------------------------
189 Public Storage-Bloomington 02-22-2007 FEB2007 2548 S 2007 Storage 104.00
TOTAL PAID 104.00 23452.06
------------------------------------------------------------------------------ - --------------------------------------------------
90005 HSBC BUSINESS SOLUTIONS 02-28-2007 FEB2007 2576 S 302402407083109 29.04
90005 HSBC BUSINESS SOLUTIONS 02-28-2007 FEB2007 2578 S 302404507069357 36.69
90005 HSBC BUSINESS SOLUTIONS 02-28-2007 FEB2007 2578 S 351701907065543 49.49
90005 HSBC BUSINESS SOLUTIONS 02-28-2007 FEB2007 2576 S 351703607062290 36.64
90005 HSBC BUSINESS SOLUTIONS 02-28-2007 FEB2007 2578 S 351704607078966 11.74
TOTAL PAID 163.60 23615.66
----------------------------------------------------------------------------------------------------------------------------------
90010 WASTE TECHNOLOGY INC 02-22-2007 FEB2007 2562 S 105391 392.17
TOTAL PAID 392.17 24007.83
----------------------------------------------------------------------------------------------------------------------------------
90012 JRS APPLIANCE DISPOSAL INC 02-09-2007 FEB2007 2546 S 54237 85.00
TOTAL PAID 85.00 24092.83
----------------------------------------------------------------------------------------------------------------------------------
90037 Pittsburgh Paints 02-22-2007 FEB2007 2563 S 12685L17 53.33
TOTAL PAID 53.33 24146.16
----------------------------------------------------------------------------------------------------------------------------------