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2007-07-24
PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL. CHAMBERS. i I c+... ~ ~>~~ 1 AGENDA :MOUND HOUSING & REDEVELOPMENT AUTHORITY REGULAR MEETING TUESDAY, JULY 24, 2007 - 7:25 PM MOUND CITY COUNCIL CHAMBERS Page 1. Open meeting 2. Action approving agenda, with any amendments 3. Action approving minutes: July 10, 2007 -regular meeting 1 •4. Indian Knoll Manor Manager's Monthly Report 2-10 5. Adjourn • • MOUND HOUSING AND REDEVELOPMENT AUTHORITY JULY 10, 2007 The Housing and Redevelopment Authority in and for the City of Mound, Minnesota, met in regular session on Tuesday, July 10, 2007, at 7:20 p.m. in the council chambers of city hall. Members present: Chair Mark Hanus; Commissioners Mike Specht, John Beise and Greg Skinner. Members absent: Commissioner David Osmek Others present: Executive Director Kandis Hanson, City Clerk Bonnie Ritter, Amanda Schwarze, Ken Perbix 1, Open meeting Chair Hanus opened the meeting at 7:20p.m. 2. Approve agenda MOTION by Beise, seconded by Specht to approve the agenda. All voted in favor. Motion carried. 3. Approve minutes • MOTION by Beise, seconded by Specht to approve the minutes of June 26, 2007. All voted in favor. Motion carried Commissioner Skinner arrived at 7:21 p.m. 4. Action on Bancor Right of Entry Agreement Kandis Hanson explained that Mound Harbor Renaissance Development is requesting permission to paint the building formerly occupied by Glass Plus. This request is the result of a recent open house held at Villas of Lost Lake where it was determined that painting the building would improve its appearance and help it blend in with its nearby surroundings by softening its color. Costs for painting will be the responsibility of MHRD. MOTION by Specht, seconded by Beise to enter into the Right of Entry Agreement with Bancor Group (a participant in MHRD, LLC) as presented. All voted in favor. Motion carried. 5. Adjourn MOTION by Specht, seconded by Beise to adjourn at 7:23 p.m. All voted in favor. Motion carried. Attest: Bonnie Ritter, City Clerk Chair Mark Hanus -1- MOUND HRA INDIAN KNOLL APARTMENTS PROPERTY MANAGER'S MONTHLY REPORT July 24, 20p7 Manager's Agenda • June E3ank Statement • May Income Statement +~ Review of bills paid + Managers Report -2- ;.,•.. ';' , ;, Page 7 at 3 kYEL,LS FARGO SANK. N.A. 1242 C(~ RIDGEDALE OFFICE Accounf Number POST OFFfCE BiOX B 514 Statement Period_ Jun 1,'aDOT MINNEAPOLIS, MN 55479 Image Gaunt: Jun ~, ~TB HQUSING ~ REDEV~LOpM~N7 AUTHpRITY SPECIAL ACCOUNT CITY OF MOUND FINANCE DIRECTOR 5341 MAYWpQ1I RD MOUND MN 55364-x627 if you have any questlans about this statement or your accounts, call; 800-225-5935 (1-800-GALL-Wt"L,LS). Your Accounts at a Glance Account B inning Deposits! d ' -tiithdrawals/ D bi Ending Type Halance e tfs Cr e ts Balance Basic Business Checking with interest 000-OD33530 22,138.79 20,223.65 - 19,706.14 22,$57.3p News fl om We(fs far~ra - ~ookingr for a srr+art way to grow Your money? Ask about a W$iis Fargo business CD with high yields end flexible terms. P/erase stop by and speak to a banker or call the number ai the top of your tctateme~, Ways Fargo Bank, iV.A. Member FOIC. Basic 6uslneas Checking with Interest OOA-0033530 Hausingg ~ Redevelopment Authority Specfa(Account May 31 Beginning Balance r2,138.7H Jun 30 Ending Balance 22,657.30 Deposits and Cnsdlts --------------~.~~...._....w--------------__..._..,~_..--------~~--------__~w_.~._-------------- Posted Date Transaction Deteli Amount Jun 06 Depaslt 4,401.OD . 3 d1~ 00 Jun P8 Deposit Jun OB f~eposrt ~ ~ ~ , . 977.00 Jun 08 Hud Trees 303 M/sc Pay OB0807 4f0962421$LiID103 RMT`VV"099169212""""hud Operating Fund MN0740 7,82.87 Jun t2 Bank ay Mall Deposit 59B. ^ Jun 12 Bank By Mai! Deposit ~ ~ - . Jun 18 t3ank By Mall Deposit ~ . Jun 19~ Bank Ay Mall DepQSit 28 D it J epos ury Jun 28 Uepasit T ~ .tun 28 Depaslt ~5 - ' Jun 2S Deposit Jun 29 interest payment fft}~ 4-~ Continued on nex! page . . -3- ,. ~1 Page 2 of 3 t 243 HQUSrng & Redevelopment Authority Account Number: 5peotal Accp~unr Statement end Date: . WJthdrawaht and Debits --. Posted Date Transaction DetalJ Jun 15 Slop Paymant Fee ~ ~3~0l~ Amtaunt - 29.00 Chucks Paid -----------------_._..,..__-_.....~..__--...~__-_-_-----------------------~--------._.,...._____-_-----.._..-_r.....w..._„_.. Check # Date Amounf 2658 Jun 07 368.18 2659 ~+ Jun 04 63.! 1 2660 Jun 05 175.44 2861 Jun 06 425. t 8 2652 Jun 04 1,374.18 2663 •+• Jun 12 15.00 2664 Jun OS 187,12 2666 ' .i. Jun t 4 850.00 2687 Jun 15 5.9.77 26s$ ~ Jun ~$ 66.20 2669 ~+ Jun 19 103.00 2670 Jun 19 202.77 2871 Jun 18 363,91 ` trap in Check Sequence ~ Item converted to substitute check Check {# Dafe Amount 2672 Jun 20 133.32 2673 Jun 15 996.23 2674 Jun 18 104.15 2875 Jun 1 B 47.82 2678 Jun 28 183,10 2877 Jun 19 34.50 2678 + Jun 21 337.96 2679 Jun t8 271,66 2680 + ~ Jun 14 4,044.44 268 t Jun 15 1,300.48 2882 Jun 28 5, i 62.37 2683 Jun 29 2,258.00 2688 Jun 25 1,361.15 Daily 8al$nae Summary ----_---------.__.~______-----..-~-----------------.._...-------__.._.._-_-_w_,.....~~_~.~.__-_--__..,,.___-• Date Balance Dafe Balance May 31 22.138.78 Jun 15 30,804.33 Jun 04 2!0,701.50 Jun t8 30,tt7.49 Jun OS 20,358,84 Jun t9 28,817.22 Jun 08 28,930,76 Jun 20 2g,883,gp Jun 07 J 08 28,562.58 38 405 25 Jurt 21 J 25 29 345.94 un , . un 2984,78 Jun 12 37,284.25 Jun 28 30,073.37 Jun. 14 32,389.81 Jun 29 22,857.30 Average CaNected Balance $ 29,034.68 Interest Summary Annual Percentagge Yield Earned 7"his Period 0,18% lnterest .Earned During This Period' 4.311 Year to Date lnterest and bonuses Paid 27.4.4 Fc~r Your lnterest Participate !n the NEW Wells Fargo Small BusJness. 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P/aase Join our next webcast to learn important tips an safeguerdfng some of your business' most v/tp/ assets: protecting Your Businesu Date: August 15, 201)7 Live Event: 19:00 a.m. P1', i2 p.m. MT, ? p.m. CT, 2 p,m, E7' Register for this upcoming webcast or view previous webcasts at www.wedsfargo.camlbizlwebcast 7-hank you for banking with Wells Fargo. -4- • ~~ Sum~na~ Statement April ~lIQ7 Far more mfar~ua~an, call 1V~iIA Asset Management at (8Q(!)395~5~b5 ~'ax: (8OQ}x'65-760(1 ~~ Mound Housing and )tedevelopnxent Authority Account Narttber: MN•01-0258-200ti Account Na.lAe: GT'NERAL P'CJND Beginning Contributions Withdrawals Income Avctage Dsily Month End Balance Earned Balaacc Balance This IVZoctth $173,581.29 $0.00 $0.00 5718.88 $173,951.42 51?d 300.17 Fiscal X'IZ7 Endu- 12/32/0 $],71,441,41 $0.00 $U.00 $2,856.76 5172,880.44 $17'4,300.17 Acc:vunt Na~mbe,r. MN-01-0258-2002 Account Natue: IV~UUND HUD Beginning ConttiU4ti0~ns Withdrawals Income Average Daily Mantle. End Balance Earned Balance Baiancx 'T'his Month $1,915.10 $0.00 50.00 37.90 31 919.16 $1,~~3.00 Fiscal YTD Endin 12/31/U 51,891.70 50.00 50,00 $31.30 $1,907.44 $1,923.00 ~'Ot.&.~ Q~ AEI RCCOLIOtS Beginning Contributions Withdrawals Incon~c Averagge Daily Month End $alance Earned Dalasu:e Balance 'T'his Tvlonth 3175,49639 $0.00 Sl).00 $726.78 S175,870-58 $].7G,223.i7 Fiscal. YTD l?ndin $173,333.11 SU.00 30.UU $2,890.06 5i7q,787.88 .5176 223.17 • Aprll 2007 Page: 1 -5- Mound, MAN F~ublic Housins~ 2020 Commerce Boul®vard Mound. MN 55364 As OF MaY 31, 2007 BALANCE SHEET ASSETS 111101 -Cash General Fund 19,447.58 111700 - Petty Cash 100.00 112200 -Tenants Accounts Receivable 2,306.$6 912800 - City of Maund 910.11 116200 - General Fund Investments 1,867.81 129000 - Deferred Charges (42.15) 140002 - pevelopment Cost 1,505,904.64 140003 - Development Cost Contra (2,168,063.55} 140005 ~ Accurnlated Depreciation (1,945,fi80.5ti) 140007 - Buildings 1,642,870.53 140008 - Fumiture,Equipment,Machines-Dwelling 33,551.61 140008 - FursEiture,Equipment,Machinas-Admin 17,493,01 140016 - Land Improvements 22,640.04 140017 - Building Improvements 578,072.55 140055 - Mod Gost Complete 662,158.91 140095 -Mod Cost Uncomplete 178,386.00 150800 w Mad Cost Uncomplete Contra ~ (36,903.00) TOTAL ASSETS SU~2PL113 AND LIABILITIES 211400 -Tenants Security Deposits (9,233,00) 211410 -Tenants Pet Deposits (4,200.00) 211499 - Security l7eposlt Interest (494.52) 212800 - Notes Pay Levy Fund (50,000.00) 213400 -Accrued Utilities (5,074.00) 213700 - Payment In Lieu of Taxes (537.37) 213701 -PILOT Current Year (2,193.30) 280200 -investments in Fixed Assets -Net (490,630.15) 280600 -Unrestricted Net Assets 5$,282.57 Current Year Net Activity __(11,'142.62) TOTAL BUR~'LUS AND LtAB1LITIE8 1515.22Z.39i -6- Mound, l41N Pub=ic Housins! 2020 Camms~raa Baulavard Mound. MN 5634 As Of r~lav ~~, ~oa7 Statement of Operating Receipts 8 Expenditures 311000 - Dwelling Rental 312000 - Excess Utilities Total Rental Income 381000 - Investment Intere8t(General Punch 369000 - Other Income 802000 - Operating Subsidy Total Other Operating Rec.$ipts Total Receipts Expenses 411200 -Manager Payroll 413000 ~ Legal Expense 4140DD - Staff Training 415000 - Trgvef 417000 - Accounting FE+as 17100 -Auditing Fees 19000 - Sundry-Administrative 419500 - putslde Management Total Administrative Expense 422000 - Tenant Servic®s Total Tenant Services Expense 431000 -water 432000 - Electricity 433000 - Gas 439000 - Other Utility Expense 439100 - Garbage Removal Total Utllitiea expense 441000 - Maintenance Labflr 442000 - Materials 443000 - Contract Costs 448000 -Protective Services Total Maintenance Expense ~© Over Current YTn Prorated (Under) tAc ivtty ce eudagt Budget (10,764.00) (88,430.43) ($5,753.38) 2,677,07 0.00 0,00 (40000) (400.00) (10,764.00) (88,43043) (66,153.36) (2,277.07) (4.80) (33.56} (33.38) 0.20 (648.49) (4,675.03} {2,766.64) 1,908.39 (7,842.67 ____(54,85fi,3~) _(57,483,36) (2=627.02) (t3,49B.JG) {59,564.93) (60,263.36) 718.43 (19,259.98) (147.985.36) (146,436,72) (1,555. 4,) 2,750.00 20,440Ap 19,600.00 840.00 0.00 605.00 800.00 (195.p0) 0.00 279,00 686.64 (387.84) 0.00 0.00 900.00 (900.00) 150.92 1,731.50 2,100.00 (368.50) 0.00 5,000.00 5,000.00 0.00 2,136.36 11,774.14 9,220.00 2,554.14 0.00 5,950.00 6,$00.00 (950.00 5,437,28 45,779.64 45,08s.sa 693.00 0.00 0.00 400.00 (400.00) 0.00 0.00 400.00 (400.00) 313.07 1,957.76 2,000.00 {42.24) 1,318.77. 10,537.91 10,360.00 177.91 0.00 19,938.00 24,466.64 (4,628.64) 1,304.15 9,272.63 7,973.38 1,299.27 365.26 2$58.29 3,600.00 (741.71) 3x301.25 44~5t34.S9 48,400.00 (3,835.41) 3,682.71 23,106.07 21,913.36 1,192.71 1,361.9fi 3,521,46 5,200.00 (1,678,54) 1,959.37 12,659.07 6,586.64 6,272.43 0.00 0.40 466.84 _ (4t36.6~ 7.004.04 39 460 34x186,64 5,319,96 -7- Mound. MN Public Houalnq 2020 Commerce Boukevard Mound. MN 55364 A-s Of Mav 31, 2007 Statemt~rrt of t~perating Receipts & expenditures 451000 - Insurance 452000 - Pmts In Lieu df Taxes 454000 - l=mpioyse Benefit Conkributions 457000 - Co1lecHon Loss Total General Irxpense Total Routine Expense 601000 - Prior Year Adjustments-Cash 7ota1 Nonrourtine Expense Total Exp®nse 1fTD over Current YTD Prorated (Under) Actlvl lance Bu~.t 6ud~at 491.73 2,582.47 7,706.64 (5,124.17) 373.14 2,193.30 2,0$6.64 106.66 1,245.72 7,310.17 9,7$0.00 (2,449.83) O.QO (46.00 ~ 0.00 ~_ (46.00} 2,110.59 12 039.94 ~ 19,553.28 (7,513.34) 17,453.7fi 141870.77 147,606,56 (5,735.79) 0.00 {78.03) 0,00 _ (18.03) a.ao ~~.03 a.ao _ (~a.o3 17 453.16 141,852.74 147 606.5G (5,753.82) -$- INDIAN KNOLL MANOR PAID INVOICES SORTED BY VENDOR 2020 COMMERCE BLVD FROM June 1, 2007 THRDUQH June 30, 2007 MOUNp, MN 55364 Jinx 19, 200? • PAG&: 1 VENDOR VENDDR C-iEC~C AGCTG CHECK M INVOICE INVOICE CUMULATIVE NUMBER NAME DATE DATE NUMBER 3 NUMBER AMOVNT TOTAL 3 PR06RAtR+IED MANnC3fiMENT CORP 06-11-2007 JVN2007 2675 S 703216$ 47.92 TOTAx. 1'AXA 47.92 47.92 6 WESTPORT PROPERTIES INC 06-01-2007 JUN2007 2666 3 05/07 Mgmt 1+`ee 39D.Ob TOTAL PAID 6$4.00 $97.92 7 WESTPORT PROPERTIES PAYROLL 06-11-2007 JUN2007 2680 S 06/15/07 Payroll Q04d.dd 7 wESTPORT PROPERTIES PAYROLL. 06-a6-aao7 JVNa007 2693 S 06/30/07 Payroll 3H00.5d TOTAL PAID 7894.98 8742.90 20 XCEL ENERGY 06.1,_2007 JUNZ007 2681 S 51-6383361-8 Mhy 1300.68 20 xCE1. ENERGX 06-27-2007 JUN2007 1697 6 51-6983341-8 Jun07 1952,67 TOTAL PAID 3253.15 X1996.05 3a HOM$ hF,POT CREDIT SERV-MOUND 06-i1-2007 JUN2007 2670 3 19463 39.07 34 F(bME DEPOT CREDIT SERV-MOVND 06-27-2007 ,7UN2007 x694 S 2011773 10.92 34 ROME DEFOT CREDIT SERV-MOUND 06-11-2007 JtJp1a007 2670 5 4014770 67.24 .4 HOME DEE+02 Ca.Ea;T BTRV-MAUNA 06-11-2007 JUN2007 2670 $ 7027723 19.94 34 tIOMfi DEP(?T CREDIT SERV-MOUND 06.11.2007 JUN2007 2670 S 9015291 60.72 3d HOME D£k~OT CREDIT SERV-MOUND 06-i1-2007 JUN2007 2670 S Finance Charge 15.80 TOTAL PAID 213.69 12209.79 59 RENTAL RESEARCH BERVZCES, INC•06-11-2007 JUN2007 2677 8 X$7a3Z MAYD7 34,50 TOTAL PAI17 34.50 12244.x4 56 CenterPOint Energy 06-20-x007 JUN2007 2683 8 $p000J.a941 JUN07 2x58,00 TOTAL PAID 2256.00 16502.2a 64 Peacritree Buainebs Products 06-11-2007 JUN2007 2676 8 P139126700012 188.10 TOTAL PRID 188.10 16690.34 87 OCfice Depot 06-ZO-2007 JUN2007 26fl5 $ 389x37161-001 17,76 TOTAL PAID 17.76 16708.10 95 B SYLVESTER, LLC 06-11-2007 JUN2007 266$ S MTCS May 07 68.20 'DOTAL PAID 68,20 14776,]0 • -g- INDIAN lO:iOLL MANOR 2020 COt~RCE BLVD MOUNA, MN 55364 PAID INVOICES SORTED aY VENDOR PROM June 1, 2007 THROU4H JU7~e 30, 3007 July 19, 3007 PAG$: 2 VENDOR VENDOR CHECK ACC'Ta C}~ECK M INVOICE INVDIC$ CUMUS.ATIVE NUMBER NAME DATE DATE NUMBER 5 NUMBER AMOVNI' TOTAL 99 MINNESOTA ELEVATOR INC 06-11-7007 JUNZ007 3673 S 7,18714 196.23 TOTAL PAID 196.23 14972.53 -----•^------'-----^-------- 100 FRONTIER 06-20-2007 JUN20D7 2689 S 9524725078 Jtu107 368.46 TOTAL PAID 368.96 15341.49 39027 103.04 ^ 101 C NABER and A990CIATES 06-22-2007 JUN2007 269D 5 101 C NABER and ASSOCIATES 06.11-2007 JUN2007 2b69 B 38332 103.00 ' TOTAL PAIR 206.00 15597.49 ,102 MOUND TRUE VALUE HARDWARE 06-11-2007 JUN2007 a67d s 33835 15.57 x.02 MOUND xRUE VALUE HAItAa'1ARE 06-11-2007 JUNZ007 2674 S 345x5 39.13 102 MOUND TRUE VALUE HARAwARE 06-11-2007 JUN2007 2679 B 3476a 33.98 7,p2 MOUND TRUE VALUE HARDPJAR~ 06-11-x007 JUN2DD7 2674 8 35332 15.47 TOTAL PAID 109 15 15651,64 -1103 AaAMS PEST CONTROL 2NC 06-11-2007 JUNZ007 2667 S 321180 59.77 TOTAI. PAID 59.77 13711.61 l0a CITY OF MOVNp 06-20.2007 JUN2007 2688 5 9942343015018 Jup07 1361.15 TOTAL PAID 1361.1.5 1707256 105 IKON OFFICE SOLUTIONS 06^26-2007 JUNZ007 2691 S 5005678803 71.10 TOTAL PAID 77..10 17143.68 125 12cON FINANCIAL SERVICE - LEA9E06^1,~.^2007 JVN2007 2672 S 733d1023 133.32 135 IKON FINANCIAL SERVICE - LEAS806-20^2007 JUN3007 2687 $ 73393718 138.65 125 IKON ),"XNAIQCIAL SERVICE - LEASE06-20-2007 JUN2007 2697 6 73420669.2 136.65 TOTAL PAID 410.62 17554.38 202 Hoot ADDliancc Center 06-27-Z 007 JtTN2007 2696 5 C95578 957.18 TOTAL PAIR 957.18 18517.•46 9D003 DJB DRAPERIES 06-20-2007 JUN2007 asaa B Laundry Dvm Pymt 5162.37 ,) n r~~u~~~ J Q~ /~ ~,~ ` ~~ ~ /r1 ----------T'OTAL DASD 5163.37 23673.83 ~d v ~l d ~c,vv a 1t K ~ ~ -io-