2007-08-28PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
• AGENDA
~1~
~~~~
,MOUND HOUSING & REDEVELOPMENT AUTHORITY
REGULAR MEETING
TUESDAY, .AUGUST 28, 2007 - 7:25 PM
MOUND CITY COUNCIL CHAMBERS
Page
1. Open meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: August 14, 2007 regular meeting 1
~4. Indian Knoll Manor Manager's Monthly Report 2-10
5.
Adjourn
•
• MOUND HOUSING AND REDEVELOPMENT AUTHORITY
AUGUST 14, 2007
The Housing and Redevelopment Authority in and for the City of Mound,
Minnesota, met in regular session on Tuesday, August 14, 2007, at 7:20 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, Community Development Director Sarah Smith,
Amanda Schwarze
1. Open meeting
The meeting was called to order by Chair Hanus 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 Hanus, seconded by Beise to approve the minutes of the July 24,
• 2007 as amended. All voted in favor. Motion carried.
4. Consideration/Action on Resolution Modifying Tax Increment District k
the Elimination of Parcel Therefrom
MOTION by Osmek, seconded by Specht to adopt the following resolution. All
voted in favor. Motion carried.
RESOLUTION NO. 07-04H: RESOLUTION MODIFYING TAX INCREMENT
DISTRICT BY THE ELIMINATION OF PARCEL THEREFROM
5. Adjourn
MOTION by Osmek, seconded by Specht to adjourn at 7:22 p.m. All voted in
favor. Motion carried.
Chair Mark Hanus
Attest: Bonnie Ritter, City Clerk
n
-1-
MOUND HRA
INDIAN KNOLL APARTMENTS
PROPERTY MANAGER'S MONTHLY REPORT
August 28, 2007
Manager's Agenda
• July Bank Statement
• June Income Statement
• .Review of bills paid
• Managers Report
September's meeting
-2-
.• ..
",'
WELLS FARGO BANK, N.A.
R1DG1 DALE OFFICE
POST OFFICE BOX B 514
MINNEAPOL/S, MN 55*t79
Page 1 of 3
?200
Account Number:
S#a.t~emsnt Period:
Image Count:
0~0-00~
Jut i, 2007-
Jut 3i, 2007
31
ALIIAIIII~~II,AIIu~inlr,~IIAI~Ar1aI1II~re~AiuIA1AIIAIIn
HOUSTNey ~ REDEVELOPMENT AUThiORITY
$PEC'IAL ACCt3iiNT
CITY OF MOLLNp
FLNA~iCE Di•RECTOR
5541 MAYWOOD RD
MOUND MN 55364-162'7
if you have any questions about this statement or your accounts, call: 800-225-593a (1,600-CALL-W~',~~.5).
Your Accounts at a Glance
Account 8 rnning Depposits/ Withdrawals/ Ending
Type Balance Credits Debifs Balance
Basic Business Checking with lnferest 22,657.30 l9,70t3.~23 - Z7,354.t32 !5,008.91
pQ(7-11033530
News flran Welts Fargo
Looking for a smart way to ST"ow yoar moneys AsK arbaut a WA'rlls Fargo bus/neasur statem~'r~h yields ar,d flexible
terms. Pleaae stop by and spegk to a bgnker or call t/te number at tIlA3 top O~ y
Wogs Fargo Bank, N.A. Mernlrer FDJC.
Basic Business Checking with laterest Of~0033S,3t)
Housing & Redevelopment Authority
Special Account
Jun 30 8eginning Balance
Jul 31 Ending Balance ~~_~__-,____, ,~.-_____
Deposits and Credits .._----- ------------__-~_ -- _~ - ------~---------------
Posted
,pate 7'ran;.action Detail
Ju110 Deposit
Ju110 Deposit
Ju/11 Depos{t
Jul 1 t Deposit "'
Jul 1 ! Depasrt ', u `~
Jul !! Depcslf
Jul 1 i Deposit
Jul 1 t Deposit
Jul 12 R~T`rVV"099 3ft34537"'"•,ay"~hud Operat6nq F~dlMM0740
Ju123 Deposit
Ju123 Deposit
Jul 31 /nten°st Payment
22,857.30
!S*008.sr
Amount
" 3,771.00'
i33.dU•'
,.-.. 4,486.00'"
1,322_Ut?``
~., _,~,~--~ 434.00
.358.00 ;
320.00'
209.00"'
- ~ 207.00^
. ..~ 7,842.67
379.00'
261.00-
3.58
Con#inued on next page.
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,~.. . .
Housing & Recleve/opment Autharlty
Spada Accaunt
leor Your lnterest
Page 2 of 3
r2u1
Account Number: 000-fJ03353f~
Statement End Data:. 07/31/(77
Cbeclcs Paid ....,._.~.~~_~__~~.,,..~...-....--.__---------_~___.._..~._,_ ~ - - -- ~------------------------------
Check # Date Amount
2683 Jul 09 17.76 `
26815 Ju/05 f59.98'~
2687' Ju103 277.30•
2889 Jul 18 368.95
,2gB0 + Jul 03 103.00 ,
2891 Jul 06 71.10 `.
2692 + Jul 10 1,813,05"
2t~3 + Juf a2 3,A00.54"
Jul 17 10.92 ~.
2685 Ju/77 23'4.14'"
2695 Ju116 957.181.
2BB7` Juf 18 1,952.67'
2698 + Juf 13 850.00
.2599 Ju117 45.58
270D + Jut 23 103.00
2709 Ju! 23 147.71
" Gap in Check Sequence
.
+ Item converted to subst-tute check
Cheek # Dat® Ama.unt
27'02 Juf z3 2.258.00
2703 Ju120 196.23
27104 Ju124 146.53
2705. Jrtl' 20 35,43
27+06 + Ju/23' 191:56-
a7a7 Jul 25 47.92
27t38 Juf 2S 37.50
2709 Jul 24 81 t.48
27'10 + Ju! 27 2,189:94
2711 ,JW 210 341.86
2712 + Jul t 8 41.14
x713 ~ Jul 18 4,656.02
2714 + Ju118 248.80
2715 Ju130 1,322.05
2722 "fi Ju130~ 3,93759
pally Balance Summary --------~- __..-._____~..~~.. ---~.__,_...~_---______w_.._____~._ ..----__~__ ._
Date Balance
Ju!• 16 31,717.39
Jul 17 31,4,28.75
Jul 18 28,111.83
Juf 20 24, 727.25
Jul 23 22,566.98
Juf 24 ~ ~r20•3r
Jul 2S 22,434.9:
Jul 27 20,264.99
Ju! 30 15.005.35
Jul 31 15,008.91
Jun 30 22.657:30
Jul 02' 18.856.76
Jul 03 18,476.46
Jul 05 18,316.48
Jul OB 18,245.38
Jul 09 18,227.82
Jul 10
Jul 11 20.318-57
27,~i4.57
JuJ i2
Ju! P3 35,477.24
34,827.24
Date ®a/ance
Average C411ected Bafanc® $ 29,285.37
lnterest Summ~a-'y ----- --~-~.~ -----~-------~-----_---r-..____r.r__.~_____-- .._ ,.~
Annual Percentage Yield Earned This Period
Jntarest Earned During This Period
Year to Date lnterest and Bonuses Paid
0.18%
3:58
31.00.
Thank You f~' banking with Wells Fargo.
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Mound. MN- publ;c Mousing
2g20 Comm~-rce ~3oulevsrd
Mound. MN 55364
As O~
June 30, 2007
BALANCE SHEET
TOTAL SURPLUS AND LlABILtTI€5
ASSETS
111101 -Cash Genera! Fund 12,890.70
111700 - Petty Gash 100.00
112200 - Tenants Accounts Receivable 1,657.86
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 - gevelapment Cost Contra (2,168,063.55)
140005- Accumlated Depreclatlon {1,945,680.56}
140007 - Buildings 1,642,970.53
140008 - Fumiture,Equipment,Machines-Dwelling 33,551.Q1
140009 - Fun'ifture,Equipment,Machines-Admin 17,493.01
140016 - Land Improvements 22,840.04
140017 - Building improvements 578,072.55
140055 - Mod Cost Complete 662,158.91
140095 -Mod Cost Uncompiete 183.548.37
150600 -Mod Cost Uncomplete Contra _,,, , (36,803.00)
TOTAL ASSE"f'S
211400 - Tenants Security Deposits (9,233.00)
211410 -Tenants Pet Deposits (4.200.00)
211499 - Security Deposit Interest (4.52)
212900 - Notes Pay Levy Fund (50,000.00}
213400 - Accrued Utilities (5,074.00)
213700 - Payment in Lieu of Taxes (537.37)
213701 -PILOT Cun'ent Year (2,3$8.05)
260200 -Investments in Fixed Assets -Net (490,630.15)
280600 -Unrestricted Net Assets 58,282.57
Current Year Net Activity _ f 5•9Q2~
SURPLUS AND LlABILITI~S
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~6~' Mound, MN Pubilc Mousinsi ~
2020 Commerce Boulevard
Mound, MN 55~B4
As Of
June 3Q. 2007
Statement of Operating Receipts 8~ Expenditures
YTD Over
Current YTD Prorated (Under)
Ac,~ ga, r.~~g Budges Budget
311000 - C1,nrelling Rental
(1a,682.00)
(357.00)
(ss,112.43)
(357.00)
(9x,472.53)
(450.00)
2,639.90
- (93.00)
312000 - Excess Utilities (11,038.00) {99,469.43) (96,922.53) (2,546.90)
'Total Rental Income
361000 - investment InterestlGeneral Funds (4.30)
{686.68) (37.86}
(5,361.71) (37.53)
(3,112.47) 0.33
2,249.24
.369000 - Other Income {7,842.67 (62,699.01 (84,fit?8~ 1 969.77
802000 - Operating Subsidy (8,533,65) (68,098.58) (67,818.7x) {279.80)
Total Other Operating Receipts
119,'572.65) (167 568.01) _,,, 164 741.31 (2,826.7
Tote! R6Ceipta
Expenses
411200 -Manager Payroll 2,450.00
q
00 22,890.00
605.00 22,050.00
900.00 840.00 ~
(295.00)
413000 - Legal Expense .
0
00 279.00 749.97 (470.97)
414000 - Staff Training .
0
00 0.00 1.012.50 (1,012.50)
415000 -Travel .
02
222 1,953.52 2,362.50 (408.98)
417000 - Accounting Fses .
0
00 5,000.00 5,625.00 (625.00)
497100 - Auditing Fees
ti ,
929.04 12,703.18 10,372.50
650
0
7 2,330.68
850.00
ve
419000 - Sundry-Administra 850.00 6,800.00 ~ ,
,
47
2
5 77)
(491
419500 - Outside Management 4,451 06 80,230.70 .
0,72: .
Total Administrative Expense
00
450
(450_a~
422000 -Tenant Services 0.00
0 00 0.00
O,pp .
450.00 (450'00)
Total Tenant Services Expense
0 67}
13
431000 - Water 278.57
15
253
3 2,236.33
13,791.06 2,250.0
11,655.00 .
2,136.08
432000 - Electricity .
,
2,258.00 22,196.00 27,524.97 (5,328.97)
18
385
1
433000 - Gas
439000 - Other Utility Expense 1,062.58
27.1
66 10,355.21
3,129.95 8,970.43
4,050.00 .
,
920.05
439100 - Garbage Remove! .
7143.9s
51708.55 54 450.00 _,,, 2741.•45
Totpt tltllftlss Expenee
16
378
3
26,484.23
24,652.53 1,831.70
441000 - Maintenance Labor .
,
1,263.97 4,785.43 5,850.00
97
409
7 {1,064.57)
9,3$8.54
442000 - Materiels
443000 - Contract Costs 3,939.44
00
0 16,798.51
0.00 .
,
524.97 524.97
448000 -Protective Services .
g 581 57 48 068.17 _ 38,437.47 9 830,70
Total Maintenance Expense
_ _ ~.~r~
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Mound, MN Publ~~ naus~ns~
2020 ~Qmm,erce Boulevard
Mound. IWN 55364
As Of
June 30, 2007
Statement of Operating Receipts & Expenditures
451000 - insurance
452000 - Pmts In Lieu Of Taxes
454000 - Employee Benefit Contributions
457000 - Collection Loss
Total General Expense
Total Routine Expenss
601000 - Prier Year Adjustments~Cesh
Total Nonrdutine Expense
~"otal Eac{~sn6e
YTD Over
Current YTD Prorated {Under)
Aett~~ B Ir.,~ Bu et BuBu_~et
389.58 2.972.05 8,6fi9.97 (5,697.92)
194.75 2,388.05 2,347.47 40.58
1,051,99 8,362.16 10,980.00 (2,617.84)
0.00 (46.00) 0.00 _ (46.00)
32
1
636 13 676.26 21,997.4a (8,321.18)
.
,
21.892.91._ ~ 163.683.68 166 OS7.38 _, (2,3T3,70)
0.00 8.03 0.00 _ (18.03}
r 0.00 .,,,
18.03 _ ,_,r 0.00 _ (18.03)
91
812
21 163.66563 16$.057.38 _ 2,391.73)
.
. _
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08/23/2007 07:39 6129290422 WESTPORT PROPERTIES PAGE 02
INDIAN KNOLL MANOR
2D20 COMMERCE BLVp
~D, MN 55364
PAID INVOICE5 SORTED BY VENDOR
FROM July 1, 2007 TiIIZOUGH July 31, 2007
Atfgupt 23, 2007
PAGfi: 1
VENDOR v£NAOR CHECK ACCTCi CHECK M INVOICE xNVpICE CUMULATIVE
NUMBER NAME DATE DATE NCIMSER B NUMBER AMOUNT TOTAL
3 FROGRAMMED MANAGEMENT CORD p7-17.-2007 JUL20D7 2'707 B 7032277 47.92
TOTAL PAID 49.92 47,92
4 PARK SUPPLY INC 07-11-2007 NL2DD7 2705 S 80066100 191.56
TOTAL PAID 191.56 239.48
6 WEBTPORT PROPERTIES INC 07-Ud-2007 JLA 2007 2696 6 06/D7 Mgrot Fea 850.00
6 VCESTPORT PROPERTIES INC 07•.11-2007 JUL2007 2712 B JUNE07 POSTAGE 41,14
6 HESTPORT PROPERTIES INC 07-13-3007 JUL2007 2714 6 Work COM1S Audit 246,6D
TOTAL PAID 1139.94 1379.42
7 WESTPORT PftOVFAZTIES PAYROLL 07-13-2007 NL2007 2713 6 07/15/07 Payroll 4fi56,02
7 taE6TpORT PROPERTIE6 PAXItOLL 07-25-2007 NL2007 2722 S 07/31/07 Payroll 3937.59
TOTAL PAID 8593,61 9973.03
• 36 6TS FLOORING 219C 07-1,1~2pU7 JUL2007 2709 5 57.118 811.06
TOTAL PAID 811,06 10784.09
54 RENTAT. RESEARCH 5ERVICEB, INC•07-11-2007 JUt.2007 2708 8 JUNE07 Y67232 37.50
'TOTAL PAID 37.50 10821.59
56 CenterPoint Exlergx 07-25,26b7 NL2007 x716 5 8000012941 JUL07 4133.96
56 CenterPoint Energy 07-11.2007 JUL20D7 2702 S 8000012941-3 JUN07 2258.00
TOTAL DASD 6391.96 17213.55
92 CULLIGAN 07.1,1-x007 .1SJL2007 2701 8 491949 147.71
TOTAL PAID 147.71 1,?361,26
99 MINNESOTA ELEVATOR INC 07-11-2007 JUL2007 2703 fi 120619 196.23
TOTAy PAID 196.23 17557.49
100 FROtaTIER 07-25-x007 JUL2007 2717 8 952-472-50700716712 374.07.
TOTAL PAIb 374.01 17931.50
•
-9-
08/23/2007 07:39 6129290422 WESTPDRT PRDPERTIES PAGE 03
INDIAN tOxOLL MANOR
2020 COMMERCE BLVD
MOUND, tRl 55344
PAIR TN~lOICRB SORTEp BY VENDOR
FROM July 1, 1007 TSDtOUGx July 31, 2pp7
Hugo:t 2a, 2op7
PAOE~ 2
VENDOR VENDOR CHECK ACCTG CHECK M TNVOTCE TNVOTCE CUMULATIVE
NUMBER NNxTr DATE DATE NUMBER S NUMBER AMOUNT TOTAL
101 C NABER and ASSOCIATES 07-11-2D07 JUL2007 2700 8 39626 103.00
TOTAL PAID 103.00 SB034.50
102 MOUND TRUE VALUE HARDWARE 07-11-2007 ,It1L2007 2704 S 35774 32.98
102 MOUNp TRt1E vAI.U& HAItAiIARE 07-11-2007 JUL2007 2704 S 35904 13.15
102 MO~TNA TRf)E V11L.1~$ HARDWARE 07-11-2007 JUL2007 2709 S 36014 78,73
102 MOVN17 'PkU& vALUE HARDWARE 07-11-2007 JUL2007 27Qd g 36131 2.29
1,02 MOVNA TRUE VALUE HARDWARE D7-11-2007 JUL2007 0704 S 36228 13.99
102 MOUND TRUE VALUH HARDWARE 07-11-20D7 JUL2007 27Q4 g 36243 5.49
TOTAL PAID 14b.63 16161.13
104 CITY OF MOUND 07-25-2007 JUL2007 291$ B 9442343015016 JUL07 1322.05
TOTAL PAID 3.32.0 , p5 19503 ~ 18
125 T(tpN FINANCIAL SERVICE - LBASE07-25-2007 ,ltJL0007 2718 S 73655133 31.99
TOTAL PAID 31.99 a9saS.17
128 On Time Delivery gCrvice 07-11-2007 JUL2007 2705 S 4x,7},7 35,43
'TOTAL PAID 35.43 19570.60
134 Sherwin Willyama 07-25-2007 JV;,.0007 2720 S 7009-4 102.71
TOTAL PAID 102.71 3,9673.31
140 Steve AndGa•eon 07.Da-2007 JULa007 2699 g Dey Appl Reimb 45.58
TOTAL PAID 45.5Q 19719,89
90010 WASTE TECHNOLOGY INC 07-11,.0007 JUL20D7 2713, S 109216 341,86
TOTAL PAID 342.86 30060.75
90037 Pittsbuzgh Paints p7-35-2007 JUL2007 3719 S 14$7,OL17 lOfi.65
TOTAL PAID 106.65 20167.40
90045 Scgtte Lawn Care Inc 07-11-8007 JUL2007 2710 5 17 JUNE07 2169.94
TOTAL PAID 2168.96 22337,34
_lo_