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2007-06-26
PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS. AGENDA ~ Cod-~ MOUND H~USLNG & REDEVELOPMENT AUTHORITY REGULAR .MEETING TUESDAY, JUNE 26, 2007 - 7:25 PM MOUND CITY CQUNCIL CHAMBERS Page 1. Open meeting 2. Action approving agenda, with any amendments 3. Action approving minutes: June 12, 2007 -regular meeting 1 June 19, 2007 -special meeting 2-3 4. Indian Knoll Manor Manager's Monthly Report 4-12 5 . Adjourn • MOUND HOUSING AND REDEVELOPMENT AUTHORITY JUNE 12, 2007 The Mound Housing and Redevelopment Authority in and for the City of Mound, Minnesota, met in regular session on Tuesday, June 12, 2007, at 7:25 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: Executive Director Kandis Hanson, City Clerk Bonnie Ritter. 1. Open meeting Chair Hanus called the meeting to order at 7:25 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 Beise, seconded by Specht to approve the minutes of the May 22, 2007 regular meeting. All voted in favor. Motion carried. 4. Set special meeting workshop_for June 19, 2006 at 6:30 p.m. MOTION by Specht, seconded by Beise to set a special meeting workshop for Tuesday, June 19, 2007; at 6:30 p.m. for an update from representatives of Mound Harbor Renaissance Development and Welsh Companies, including Lost Lake District and Harbor Lane (Auditor's Road) District, and discussion on property acquisition as it relates to redevelopment. All voted in favor. Motion carried. 5. Adjourn MOTION by Hanus, seconded by Specht to adjourn at 7:28 p.m. All voted in favor. Motion carried. Chair Mark Hanus Attest: Bonnie Ritter, City Clerk -1- MOUND HOUSING AND REDEVELOPMENT AUTHORITY JUNE 19, 2007 The Housing and Redevelopment Authority in and for the City of Mound, Minnesota, met in special session (concurrently with the City Council) on Tuesday, June 19, 2007, at 6:30 p.m. in the council chambers of city hall. Members present: Chairman Mark Hanus; Commissioners David Osmek, Mike Specht, and John Beise. Members absent: Greg Skinner Others present: Executive Director Kandis Hanson, Community Development Director Sarah Smith, Tom Stokes, Ken Perbox, Terry Foster, Dan Radecki, Tom Murray, Barbara Peterson, Paula Larson, Bill Netka, Dorothy Netka, Chris Kenelly, Chuck Alcon 1. Open meeting Chair Hanus called the meeting to order at 6:30 p.m. 2. Update from MHRD and Welsh Companies Chris Kenelly of Welsh properties provided an update regarding the east end of Auditor's Road (Harbor Lane) and indicated that developer discussions/negotiations with proposed interested restaurant user have been discontinued. Developer indicated that the demographics due to proximity of the lake affect the numbers and/or counts as contained in their market study for the project. MHRD and Welsh have commenced a new market study and are working with the consultant to help them understand the unique dynamics of the lake area. The developer also informed the HRA that they are continuing to pursue proposed anchor tenants for the Auditor's Road building and summarized a list of potential restaurant clients that have been contacted or expressed interest. Kenelly also updated the HRA on the proposed tenant for the commercial building in the Lost Lake District and they believe that they have a proposed user and are anticipating a possible letter of intent within approximately 45 days for a cafe-type tenant. They are also hoping to include a complementary tenant in that building as well. 3. Discussion on property acquisition as it relates to redevelopment John Dean provided an overview of the memorandum prepared which outlines a number of discussion points and considerations if the HRA opts to entertain early acquisition of properties. HRA members discussed that there are a number of properties, especially in the downtown area, that have been impacted due to the amount of time that has lapsed since the project originated. HRA members -2- • HRA Minutes -June 19, 2007 discussed that any possible acquisition really needs to be done in a case-by- case basis. There were a number of property owners present that addressed the HRA regarding concern over their properties in the redevelopment areas. Chair Mark Hanus Attest: Bonnie Ritter, City Clerk -3- MOUND HRA INDIAN KNOLL APARTMENTS PROPERTY MANAGER'S MONTHLY REPORT June 26, 2007 Manager's Agenda • May Bank Statement • April Income Statement • Review of bills paid • Managers Report -4- ~~ • Page ~ of 3 ELLS FARGO SANK, N.A. 1-? 9242 (C0300) iDGEDA2E C1FFICE Accaunf Number: Q00-003353© OS.T DFFIGE BOX 8 5.14 Statement Period: May 1, 2007- lb11NNfAPOLlS, MN 5579 _ N?ay 31, .2007 linage Count: '32 .. ;. f~F~l~~izh.:~ll~~fl~:~~E~~'f~~~fl~ld~~~~~~1~~,~l~L~i~~~ilN,~l ., HOUSTN6 & REDEVELI~1'MEhdT AU~HORI-T°Y _ . ' SP"E.GI~1~L ACCt3UNT .. . , ,.. _, F-It~khfC~ bTRE.CT:QR ,:: ` , 5.3G 1 ~tAYWUOD RD MQUND MN .5s3~4-.x.627 .. _. if you have any questions about this statemerif or your:accourits, call: 800-225-5935 (1-800-CALL -WELLS). Your Accounts ;at a Glance _ Account Begginning Depposits/ Withdrawals/ its t Ending Type 8atance° Cred Debi s ,Balance Bas1c Business Checking with Interest 26;.686:64 20,391::96 - 24,939.81 22,138.79 000-0033530 1V envs.°from -'Walls-Fargo usness Checking with Interest 000=0033530 , H.ausng & Redevelopment Autharif}c Special Account Apr 30 Beginning Balance 26.686.64 May 3'P Ending Balance 22,138.79 Deposits and:.Credits --------------------- -------------------------------- --- -------------------------------------- --- - Posted Date Transaction Detait Amount May 01 Bank $y Maif Deposit 327.00 May .03 Hud Treas:303 Misc Pay 050307 4109624218601 .03.. RMT'VV`099157076""" ""'hud .Operating Fund MN0740 7,842_.67 :May 08-:Bank By Mail Deposit 3;842.00 ;May 09 Deposit 5;356.OQ ..:May 09 Deposit x615.00 May'09 Deposit 29B.00 , 1Vlay 09 Deposit 250.00 A~lay 09 Deposit ?09.00 .May. 09 Deposit 82:00 Play 15 Bank By -Mail Deposit V 759:00 May 30 Bank 8y Mail Deposit. 806.49 _ . May 31 Interest Payment 4:80 llliithdrawals and T3ebits -------------------------------------------------------- ---------------------------------=------- ----------- f?osted .Date Transaction Detail - An~iount May 02 Return Item Charg e - Paper AZ 070502 :May 02 Return Ifem Fee AZ 070502 - 327.00 ~.~~ ` - - 10.00 ~~=~ C`onf~n,ueo' on next page " _5_ Page 2 of 3 1243 Housing & Redevelopment Aufhority Account Number: 000-003353P Special Accounf Statement End Date: 05/3110 Checks Paid -----------------------------------------------------------_--_---------------------------------------------------------------- Check # Date Amount Check # Dafe Amount 2609 May 02' ` 27.17 2642 May 17 30.00 2621 ' ~- May 01 4,327.06 2643 May 21 72.96 2627 May 04 345.00 2644 May 22 66.73 2628 May 04 369.64 2645. -F May 21 50.13 2629 May 04 825.00 2646 May 30 47.92 2630 May 03 27.86 2647 May 18 24.50 2631 May 01 50:00 2648 + May 21 419.82 2632 May 02 50.00 2649 May 98 365.26 2633 + May 24 850.00 2650 + May 24 26.46 2635 May 21 221.57 2652 May 18 1,318.77 2636 May 21 2,258.00 2653 +~ May 16 4,592.34 2637 May 22 489.61 2654 May 21 285.67 2638 May 21 221.60 2655 May 21 141.52 2639 May 23 133.32 2656 May 25 427.00 2640 + May 21 54.88 2657 May 31 1,395.65 2641 May 18 193.98 2665 '+ May 31 4,893.39 "Gap in Check Sequence + Item converted fo subst-fufe check Daily Balance Summary ----------------------------------------------------------------------------------------------------------------------- Date Balance -Date Balance A r 30 `~ 26,686.64 May 17 ____ ~' 35,286.24 May 01 22,636.58 May 18 33,383.73 May 02 22,222.41 May 21 29,657.58 May 03 30,037.22 May 22 29,101.24 May 04 28,497.58 May 23 28,967.9' May 08 32,339.58 May 24 ~ 28,091. May 09 39,149.58 May 25 27,664.4_ May 15 39,908.58 May 30 28,423.03 May 16 35,316.24 May 31 22,138.79 Average Collected Balance $ 31,399.73 Interest Summary ----------------------------------------------------------------------------------------------------------------------------- Annual Percentage Yield Earned This Period 0.18% Interest Earned During This Period 4.8U Year fo Date Interest and Bonuses Paid 23.14 For Yourlnterest Returned Items & Deposit Images -the latest time saving solution from Wells Fargo Business Online Banking. Now, you can view, print and save images of returned items and deposits online, anytime. Easily retrieve images of bounced checks so you can begin your research and collection efforts. Just another way your business can save time by banking online. Take advantage of online convenience. Enrol! today at www.wellsiargo.comlbiz Thank you for banking with Wells Fargo. -6- ~ MDIA ~~~~a ~t~t~men~ Apral 2007 For more information, call MBIA Asset Management at (80(1)395-5505 Fax: (800)765-7600 1~ Mound Housing and Redevelopment Authority Account Number. MN-01-0258-2001 Account Nume: GENERAL FUND Beginning Contributions Withdrawals Income Average Daily Month End Balance Earned Balance Balance This Month $173,581.29 $0.00 $0.00 $718.88 $173,951.42 $174,300.17 Fiscal YTD Endin 12/31/0 $171,441.41 $0.00' $0.00 $2,858.76 3172,880.44 $174,300.17 Account Number. MN-O1-0258-2002 Account Name: MOUND HUD Beginning Contributions Withdrawals Income Average Daily Month End B~ance Earned Balance Balance This Month $1,915.10 $0.00 $0.00 $7.90 $1,919.16 $1,923.00 Fiscal YTD Endin 12/31/0 $1,891.70 $0.00 $0.00 $31.30 $1,907.44 $1,92.3.00 't'otal of all accounts Beginning Contributions Withdrawals Income Average Daily Month End Balance Earned Balance Balance This Month $175,496.39 $0.00 $0.00 $726.78 $175,870.58 $176,223.17 Fiscal YTD Endin $173,333.11 $0.00 $0.00 $2,890.06 3174,787.88 $176,223.17 Apri12007 Page: 1 -7- Mound, MN f?uf,llc tiousinq 2020 Commerce Boulevard Mound, MN 55364 As OF April 30, 2007 BALANCE SHEET ASSETS 111101 - Cash General Fund 17,810.95 111700 - Petry Cash 100.00 112200 - Tenants Accounts Receivable 2,740.86 112900 - City of Mound 910.11 116200 - General Fund Investments 1,867.81 129000 - Deferred Charges (42.15) 140002 - Development Cost 1,505,904.64 140003 - Development Cost Contra (2,168,063.55) 140005 - Accumlated Depreciation (1,945,680.56) 140007 - Buildings 1,642,970.53 140008 - Fumiture,Equipment,Machines-Dwelling 33,551.61 140009 - Furniture,Equipment,Machines-Admin 17,493.01 140016 - Land Improvements 22,640.04 140017 - Building Improvements 578,072.55 140055 - Mod Cost Complete 662,158.91 140095 - Mod Cost Uncomplete 178,386.00 150600 - Mod Cost Uncomplete Contra (36,803.00) TOTAL ASSETS SURPLUS AND LIABILITIES 211400 - Tenants Security Deposits (9,883.00) 211410 - Tenants Pet Deposits (4,500.00) 211499 - Security Deposit Interest (519.83) 212900 - Notes Pay Levy Fund (50,000.00) 213400 - Accrued Utilities (5,074.00) 213700 - Payment in Lieu of Taxes (537.37) 213701 - PILOT Current Year (1,820.16) 280200 - Investments in Fixed Assets -Net (490,630.15) 280600 - Unrestricted Net Assets 58,282.57 Cu rrent Year Net Activity (9,335.82) TOTAL SURPLUS AND LIABILITIES _$_ Mound, MN Public Housing 2020 Commerce Boulevard Mound, MN 55364 As Of April 30, 2007 Statement of Operating Receipts & Expenditures YTD Over Current YTD Prorated (Under) Activity Balance Budget Budget 311000 - Dwelling Rental (11,209.65) (77,666.43) (75,034.19) 2,632.24 312000 - Excess Utilities 0.00 0.00 (350.00 (350.00) Total Rental Income ( 209.65) 11, (77,666.43) (75,384.19) (2,282.24) 361000 - Investment Interest/General Funds (4.58) (28.76) (29.19) (0.43) 369000 - Other Income (513.22) (4,026.54) (2,420.81) 1,605.73 802000 - Operating Subsidy {7,842.67) (47,013.67) (50,297.94 (3,284.27) Total Other Operating Receipts (8,360.47) (51,068.97) (52,747.94) 1,678.97 Total Receipts (19,570.12) (128,735.40) (128,132.13) (603.27) Expenses 411200 -Manager Payroll 2,750.00 17,690.00 17,150.00 540.00 413000 - Legal Expense 0.00 605.00 700.00 (95.00) 414000 - Staff Training 0.00 279.00 583.31 (304.31) 415000 - Travel 0.00 0.00 787.50 (787.50) (417000 -Accounting Fees 150.92 1,580.58 1,837.50 (256.92) 417100 - Auditing Fees 0.00 5,000.00 4,375.00 625.00 419000 - Sundry-Administrative 2,614.33 9,637.78 8,067.50 1,570.28 419500 - Outside Management 700.00 1' 5,950.00 5,950.00 0.00 Total Administrative Expense - 7,215.25 40,742.36 450.81 39, 1,291.55 422000 - Tenant Services 0.00 0.00 350.00 (350.00) Total Tenant Services Expense 0.00 0.00 350.00 (350.00) 431000 - Water 504.24 1,644.69 1,750.00 (105.31) 432000 - Electricity 1,391.42 9,219.14 9,065:00 154.14 433000 - Gas 2,258.00 19,938.00 21,408.31 (1,470.31) 439000 - Other Utility Expense 2,310.21 7,968.48 6,976.69 991.79 439100 - Garbage Removal 318.46 2,493.03 3,150.00 (656.97) Total Utilities Expense 6,782.33 41,263.34 42,350.00 (1,086.66) 441000 - Maintenance Labor 3,956.21 19,423.36 19,174.19 249.17 442000 - Materials 664.51 2,159.50 4,550.00 (2,390.50) 443000 - Contract Costs 2,538.31 10,899.70 5,763.31 5,136.39 448000 -Protective Services 0.00 0.00 408.31 {408.31 } Total Maintenance Expense 159.03 7, 32,482.56 29,895.81 2,586.75 9 Mound, MN Public Housing 2020 Commerce Boulevard Mound, MN 55364 As Of April 30, 2007 Statement of ®perating Receipts & Expenditures 451000 - Insurance 452000 - Pmts In Lieu Of Taxes 454000 - Employee Benefit Contributions 457000 - Collection Loss Total General Expense Total Routine Expense 601000 - Prior Year Adjustments-Cash Total Nonroutine Expense YTD Over Current YTD Prorated (Under) Activity Balance Budget Budget 415.05 2,090.74 6,743.31 (4,652.57) 221.37 1,820.16 1,825.81 (5.65) 1,050.71 6,064.45 8,540.00 (2,475.55) 0.00 (46.00) - 0.00 (46.00) 1,687.13 9,929.35 17,109.12 (7,179.77) 22,843.74 124,417.61 129,155.74 (4,738.13) 0.00 (18.03) 0.00 (18.03) 0.00 (18.03) 0.00 (18.03) Total Expense 22,843.74 124,399.58 129,155.74 (4,756.16) i INDIAN KNOLL MANOR PAID INVOICES SORTED BY VENDOR 2020 COMMERCE BLVD FROM May 1, 2007 THROUGH May 30, 2007 MOUND, MN 55364 June 21, 2007 • PAGE: 1 VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE NUMBER NAME DATE DATE NUMBER S NUMBER AMOiJNT TOTAL ---------------------------------------------------------------------------------------------------------------------------------- 3 PROGRAMMED MANAGEMENT CORP 05-10-2007 MAY2007 2646 S 7032094 47.92 TOTAL PAID 47.92 47.92 ---------------------------------------------------------------------------------------------------------------------------------- 4 PARK SUPPLY INC OS-10-2007 MAY2007 2645 S 78682000 50.13 TOTAL PAID 50.13 98.05 ---------------------------------------------------------------------------------------------------------------------------------- 6 WESTPORT PROPERTIES INC OS-10-2007 MAY2007 2650 S April Postage 26.46 6 WESTPORT PROPERTIES INC OS-02-2007 MAY2007 2633 S 04/30 Mgmt Fee 850.00 6 WESTPORT PROPERTIES INC OS-23-2007 MAY2007 2663 S APR07 RECURRING 15.00 TOTAL PAID 891.46 989.51 7 WESTPORT PROPERTIES PAYROLL OS-11-2007 MAY2007 2653 S 5/15 Payroll 4592.34 7 WESTPORT PROPERTIES PAYROLL OS-25-2007 MAY2007 2665 S 05/31/07 Payroll 4893.39 TOTAL PAID 9485.73 10475.24 20 XCEL ENERGY OS-10-2007 MAY2007 2652 S 51-6383341-8 May07 1318.77 • TOTAL PAID 1318.77 11794.01 34 HOME DEPOT CREDIT SERV-MOUND OS-10-2007 MAY2007 2637 S 25654 69.62 34 HOME DEPOT CREDIT SERV-MOUND OS-10-2007 MAY2007 2637 S 27174 20.71 34 HOME DEPOT CREDIT SERV-MOUND 05-10-2007 MAY2007 2637 S 1014641 44.58 34 HOME DEPOT CREDIT SERV-MOUND OS-10-2007 MAY2007 2637 S 2025522 111.89 34 HOME DEPOT CREDIT SERV-MOUND OS-10-2007 MAY2007 2637 S 7029142 128.69 34 HOME DEPOT CREDIT SERV-MOUND OS-10-2007 MAY2007 2637 S 8019759 42.74 34 HOME DEPOT CREDIT SERV-MOUND OS-10-2007 MAY2007 2637 8 9014785 71.38 TOTAL PAID 489.61 12283.62 54 RENTAL RESEARCH SERVICES, INC.OS-10-2007 MAY2007 2647 S Y87232 May07 24.50 TOTAL PAID 24.50 12308.12 56 CenterPoint Energy OS-10-2007 MAY2007 2636 S 8000012941-3 May07 2258.00 TOTAL PAID 2258.00 14566.12 ------------------------------------------- - ------------------------------------------------------------------------------------- 87 Office Depot OS-10-2007 MAY2007 2644 S 384922942-001 66.73 TOTAL PAID 66.73 14632.85 '~ '~ . INDIAN KNOLL MANOR 2020 COMMERCE BLVD MOUND, MN 55364 PAID INVOICES SORTED BY VENDOR FROM May 1, 2007 THROUGH May 30, 2007 June 21, 2007 PAGE: 2 VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE NUMBER NAME DATE DATE NUMBER S NUMBER AMOUNT' TOTAL ---------------------------------------------------------------------------------------------------------------------------------- 92 CULLIGAN OS-10-2007 MAY2007 2635 S 101X16130305 221.57 TOTAL PAID 221.57 14854.42 ---------------------------------------------------------------------------------------------------------------------------------- 99 MINNESOTA ELEVATOR INC 05-10-2007 MAY2007 2641 S 116930 193.96 TOTAL PAID 193.98 15048.40 ---------------------------------------------------------------------------------------------------------------------------------- 100 FRONTIER OS-23-2007 MAY2007 2658 S 9524725078 MAY07 368.18 TOTAL PAID 368.18 15416.58 ---------------------------------------------------------------------------------------------------------------------------------- 101 C NABER and ASSOCIATES OS-10-2007 MAY2007 2634 S 39027 103.00 TOTAL PAID 103.00 15519.58 ---------------------------------------------------------------------------------------------------------------------------------- 102 MOUND TRUE VALUE HARDWARE OS-10-2007 MAY2007 2643 S 32671 20.98 102 MOUND TRUE VALUE HARDWARE OS-10-2007 MAY2007 2643 S 32818 13.07 102 MOUND TRUE VALUE HARDWARE 05-10-2007 MAY2007 2643 S 32904 10.48 102 MOUND TRUE VALUE HARDWARE OS-10-2007 MAY2007 2643 S 32968 5.47 102 MOUND TRUE VALUE HARDWARE OS-10-2007 MAY2007 2643 S 33339 22.96 TOTAL PAID 72.96 15592.54 ---------------------------------------------------------------------------------------------------------------------------------- 104 CITY OF MOUND OS-23-2007 MAY2007 2657 S 9442343015016 MAY07 1395.65 TOTAL PAID 1395.65 16988.19 ---------------------------------------------------------------------------------------------------------------------------------- 105 IKON OFFICE SOLUTIONS OS-10-2007 MAY2007 2640 S 5005581401 54.88 105 IKON OFFICE SOLUTIONS OS-23-2007 MAY2007 2659 S 5005740611 63.11 TOTAL PAID 117.99 17106.18 ---------------------------------------------------------------------------------------------------------------------------------- 115 MN Dept of Labor & Industry OS-10-2007 MAY2007 2642 S B42 351R111206I 30.00 TOTAL PAID 30.00 17136.18 ---------------------------------------------------------------------------------------------------------------------------------- 125 IKON FINANCIAL SERVICE - LEASE05-10-2007 MAY2007 2639 S 73096471 133.32 TOTAL PAID 133.32 17269.50 ---------------------------------------------------------------------------------------------------------------------------------- 139 Sta-Safe locksmiths Co OS-23-2007 MAY2007 2661 S 017048 425.18 TOTAL PAID 425.18 17694.68 ---------------------------------------------------------------------------------------------------------------------------------- - 1 2 -