2007-10-23+» w a 1! 1
PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
6 ~
/ ~~
1
~~ ~ ,
AGENDA
M~ ~, ~_ ~ G~~& `REDEVELOPMENT.. ATJTHORLTY
RE~t ~ ~~
~~~~~ ~° BER 23, 2007 _~.~~0 ~P11~
MD~,b -C~'~'Y:hC,OUNCTL~-GH ' ER5
Page
1. Open meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: Sept 25, 2007 -Regular Meting 1
•4. Management Report for Indian Knoll Manor, with any necessary action 2-10
5. Redevelopment Financing and Projects 11
A. Transit District -Deck 1
1. Contaminated soil
B. Auditor's Road -Deck 2
1. Met Council Livable Communities grant extension
2. Estimated Financing Gap
3. Mound Harbor Renaissance update
C. Early land acquisitions
D. Next steps
6. Adjourn
•
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
• SEPTEMBER 25, 2007
The Mound Housing and Redevelopment Authority in and for the City of Mound, Minnesota, met
in regular session on Tuesday, September 25, 2007, at 6:30 p.m. at Indian Knoll Manor at 2020
Commerce Blvd.
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, Finance Director
Gino Businaro, Police Officer Dan Niccum, Jessica Shepherd
1. Open meeting
Chair Hanus called the meeting to order at 6:30 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 September 11, 2007
regular meeting. All voted in favor. Motion carried.
4. Action on resolution making a selection not to waive the statutory tort limits for
• liability insurance purposes
MOTION by Osmek, seconded by Specht to adopt the following resolution. All voted in favor.
Motion carried.
RESOLUTION NO. 07-06H: RESOLUTION MAKING A SELECTION NOT TO WAIVE THE
STATUTORY TORT LIMITS FOR LIABILITY INSURANCE PURPOSES
5. Manager's report for Indian Knoll Manor
Theresa Shepherd presented the monthly report as follows
A. August bank statement
B. July income statement
C. Review of bills paid: MOTION by Osmek, seconded by Specht to pay the bills as
presented for August 2007. All voted in favor. Motion carried.
D. Manager's report: MOTION by Specht, seconded by Beise to adopt the following
resolution. All voted in favor. Motion carried.
RESOLUTION NO. 07-07H: RESOLUTION APPROVING OPERATING BUDGET
FOR FISCAL YEAR ENDING SEPTEMBER 30, 2008.
6. Tour of facility
Theresa Shepherd conducted a tour of the facility.
7. Adiourn
MOTION by Osmek, seconded by Specht to adjourn at 7:00 p.m. All voted in favor. Motion
carried.
Chair Mark Hanus
Attest: Bonnie Ritter, City Clerk
-1-
MOUND HRA
IND~#N KNOLL MANOR
PROPERTY MANAGER'S MONTHLY REPORT
OCTOBER 23~ 2007
Managers Agenda
• September Bank Statement
• Review of Bills Paid
• Managers Report
a Fence for back area -waiting on MUD approval of the bid
-2-
WELLS FARGO RANK, N.A.
R/DGEDALE OFFICE
~ST OFFICE BOX B 514
NEAPOLIS, MN 55479
I~I~I~~I~1,~~II~~II~~~I~-I~~~II,II,~~~l~ll,~~l~l~~t,~,ll,tl~~l
NOIfSIN6 & REDEVELDi~MENT AUTHORITY
SPCCIAL ACCOUNT
CITY OF MOUNA
FYNANCC BIRECTOR
MDUNDMMNW55364D1627 ~.1r~1 ~~j~~~
p~((~~ t
(C0300)
p00-0033530
Sep 1, 2007-
Sep 30, 2007
22
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 Credrts Debits Balance
Basic Business Checking with interest 15,887.70 21,057.57 - ?0,961.78 25,983.49
000-X33530
Hews from Wells Fargo
L g for' a smart way to grow your money? Ask about a Wells Fargo busfness Ca with high yields and flexible
t~Please stop by and' speak to a banker or call the number at the top of your statement.
Wells Fargo Bank, 1V.A. AA'ember FDIC. .
Basic Business Checking with Interest 080-0033530
Housing & Redevelopment Authority
Special Account
Aug 31 Beginning Balance 15,887.70
Sep 30 Ending Balance ~ 25,983.49
deposits and Cradits --------------------------.-~_.....__~_..~.~..~..-.---------------------
Posted
Date Transaction Detail Amount
Sop 05 Deposit 3,735.00
3
273
00 ~
Sep 05 Deposit ,
.
00
784
Sep 06 Deposit
Sep i ~ Hud trees 303 Mise Pay 091107 410962421860103
r
"""""`
'
` .
11
975
7
und Program
hud Capital l
RMT
VV
092365673 .
,
5
286
00
1
Sep 12 Deposit ,
.
3 82
Page ? of 3
1-4 1480
Account Number:
Statement Period:
image Count:
Sep 28 interest Payment ~~ /
Checks Paid .~,...~_...__._.~...~~-...~......._.._-------~--_.~-~.._...._..,._---»-------------------------~..~...~...~_
Check # Date
Amount
Check # Date Amount
n
~'~L`l 275?
Sep 14
59.77
2752 + Sep 18 103.00 l
2753 .Sep 19 148.30 ~
2740 Sep 06 47.92 ~
2744 '+ Sep 10 39,28
2745 Sep 04 175.64/
* Gap !n Check Sequence
* item converted fo substitute check
Continued on next page
-3-
Aage 2 of 3
1787
Mousing & Redevelopment Authority Account Number' OOD-0033530
Special Account Statement Bnd pate: 09/30/07
Ci~ecks Paid ------------------------------------....-___ .....................--------------------------------
Check # Date Amount Check # Date Amount
2754 Sep /8 2,403.00 2762 + ~ Sep 17 208.85
2755 Sep 9 7 99.00 2763 Sep 18 48,63
2756 Sep f8 121.71 2764 Sep 18 928.00
2757 Sep t8 80.36 2765 Sep 17 18.64
2758 t Sep 26 105.00 2766 Sep f8 273.77
2759 Sep 77 (96.23 2767 •* Sep 14 864,90
2760 Sep i8 183,96 2768 + Sep 14 3,353.38
2761 Sep f7 35.91 2769 Sep 19 2,267,33
Gap in Check Sequence
+ Item Converted to substitute check
Daily Balance Summary --------------- ------------ --------._..---------- ------------------------- -----------------------
Date balance Date Balance
Aug 31 f 5.887.70 Sep 14 32,400.5fi
Sep 04 15,712.06 Sep 97 31,8.42,73
Sep 05 22, 720,06 Sep 18 28,500.30
Sep 06 23,456.14 Sep 19 26,084.67
Sep 90 23,416.86 Sep 26 25,978.67
Sep 11
' 35,392.61 Sep 28 25,983,49
Sep 12 36,678.61
Average Collected Balance $ 25,872.67
Interest Summary ------------~--------------~__....,.........._
Annual Percentage Yield Earned This Period 0.18%
Interest Earned During This Period 3.82
Year to Date Inferesf and Bonuses Paid 38.18
nor Your Interest
hank you for banking with Wells Fargo.
-4-
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TNDTAN' KNOLL MANOR ,
2020 COMMERCE BLVD
}y0~(p, MN 55364
VENDOR CF~CK
NUMHER NAMC BATE
3 p&DORAMMNA MAN'A(iEMENT CORP 09-12-2007
3 PROGRAMMED MANAGEMENT CORD 10-1.0-2007
a PARK BUPPLX INC o9-12-2007
6 14ESTPORT PROPERTIES INC 09-12-2007
6 WSSTPORT PROP&RTIES INC 09-12-2007
6 WESTPORT PROPERTIES INC 09.042007
6 WESTPORT PROPERTIES INC 10-01-2007
6 W88TP09.T PROP&RTYEB INC D9-29-2007
6 NIESTPORT PROPERTIES INC 09.29.2001
7 N!r`STPORT PROPERTIES PAYROLL 11-29-2030
7 WESTPORT PROP~,T1;88 PAYROLL 09-12-2007
WSSTPORT PROPERTIES PAYAOI.L. 09-26-2007
W~STPORT PROPERTIES PAYROLL 10-15-2007
7 WE9TPORT PROPKRTLEB PAYROLL 11-28-2009
20 XCEL ENERGY o9-12-2007
20 XCEL ENER4X 10-1D-2007
34 HOME DEPOT CREDIT 6ERV-MOUND 09-1Z-2007
54 RENTAL RESEARCH SERVICES, INC.09-12-2007
54 RENTAL, RE6EAR,CH SERVICES, INC.10-10-2007
PAID INOOIG'EB 60RTfiD BY 'VENDOR
FROM September 1, 2007 TRROUCiFI W
October 19, 2007
RAGE: 1
ACCTCi
DATE
SEP2007
ocT2DO7
SEP2007
8$P2007
SSP2007
SEP2DD7
OCT2007
SEP2007
SEP2007
NOV2004
SEP2007
SEP2DD7
OCT2007
NOV2006
SEP2D07
OCT200?
SEP2007
SEP2007
OCT20D7
CHECK M INVOICE
NUMSL-R ` 9 NOT7BER
27fi3 S 703802
2799 S 703892
TOTAL PArD
2762 $ 81161600
TOTAL PAID
2.767 5 07/07 Postag4
2767 8 07/07 MGMT FEE
2750 s AUG07 MGM'T FEL>
2761 S SEPT07 MOMT P>zR
2773 S 2020-209 Ret S/D
277; 6 Bafety Dinner D7
TOTAL PAID
1764 S 7,1/30/04
2768 S 09/15 Payroll
2771 S 09/30 PAYROLL
2793 S 10/15 Payroll
2446 S 12/30/06 'Payroll
TOTAL PAID
27fi9 E 51-6383341-8 Aug07
2792 5 51-6363341-8 SBp07
TOTAL PAID
2756 S Aug Statement
TOTAL PAID
2764 5 Y87232 AUG07
2790 6 Y87232 SEPT07
INVOICE COMO'LATTVE
AHOVNT TOTAL
4B.fi3
47.92
96.55 96.55
208.85
206.85 305,40
•---------------------
14,90
850.00
450.00
850 .00
394.42
211.55
3170.87 3476.27
4'531.58
3353.39
2325,29
2171.17
3026.77
15408.19 18884.46
2267.33
1713.98
39$1.31 22665.77
121.71
121.71 22987.48
128.00
49.00
TOTAL PAID 17T.00 23164.48
56 CenterPoint Energy 10-10-2007 OCT2007 2785 S 5732031-9 SEPT07 598.00
5$ CcntarPoint Energy 10-10-2007 OCT2007 2785 S 5746120-4 SEPT07 180S,00
56 CenterPaiat Rnergy 09-12-2007 SEP2o07 2734 S 8000012941-3 AltGD7 2403.00
TOTAL PAID 4806.00 27970.48
-7-
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55369
PAID INVOICES SORTED HY VENDOR
FROM September 1, 2007 TI~IROUGH
October le, 2007
PAGE: 2
VENDOR VENDOR CTtECCC ACCTG CEi'EC~C M INVOICE INVOI GE CUMULATIVE
NIIM6ER NAMIi DATE DATE NOMBEA S NUMBER AP~LTNT TOTAL
92 COT.LTGAN' 09-12-2007 SEF2007 2753 S 503840 148.30
TOTAL PAID 148.30 28118.78
95 B SYLVESTER, LLC 09-29-2007 SEP2D07 2772 5 SCpt07 68,20
TOTRL PAID 68.20 28186.98
99 MINNESOTA ELEVATOR TNC 09-12-2007 SEP2007 2759 S 12dp98 195.23
99 MINNESOTA ELEVATOR INC 10-10-2007 OCT2007 2767 S 125871 196.23
TOTAI. PAID 392.a6 28579.aa
100 FRONTIER 09-29-2007 5EP2007 2775 S 9524725078 SBp07 366,12
TOTAL PAID 368.12 28987.56
101 C NABBR an4 A880CiATE6 09-12-2007 SSP2007 2752 9 40214 103.00
101 C NRBER and ASSOCIATES 09-29-2007 SEP2007 2774 S apd15 100.00
101 C NAHER and ASSOCIATES 10-10-2007 OCT2007 2764 S~ SEPT07 ACCOUNTING 103.00
TOTAL I~ATD 306,00 29253.56
102 MOUND TRUT VALUE FTARUWARE 10-10.2007 OCT2007 2786 3 39233 16.68
102 MOUND TRUE VALUE HARDWARE 10-10-2007 OCT2007 2788 S 39377 19.59
102 MOUND TRUE VALUE HARDV7AR8 09-12-2007 SEP2007 2760 S AUC33107 STATEMENT 183,96
TOTAL PAID 220.03 29a73.5g
103 ADAMS PEST CONTROL INC 09-12-2007 SEP2007 2751 S 402036 59.77
TOTAL PAID 59,77 29533.36
SD4 CITY OF MOUND 09-29-2007 8EP2007 2776 S Aug Wafer 1317.45
104 CSTY OF MOUND 09-30-2007 5EP2007 2782 S 2008 Roof Repay 10000.00
TOTAL PA3'D 11317.45 40650.81
125 IKON FINANCIAL BER,VTCE • LEASE09-29-2007 SEP2007 $777 B 74212397 113.1,6
TOTAL PAIp 113,16 90963.97
128 On Time Delivery 8CF"~nce 09-12-2007 SEP2007 2761 S 47791 36.11
-p-
INDIAN KNOLL MANOR '
2oa4 coMrrBRC~ l3I,vD
MOLiND, MN 55364
PAID INVOICES SORTED BY VENDOR
FROM Sepcembar 1, 2007 THROUGH ~
October 18, 2007
PAGE : 3
V6NDOA CHECK ACCT(3 CaEC& M INVOICB INVOICE CUMGI,ATIVE
NUMBER NAp7E DATE DATE NUMBER S NUMBER AM011NT TOTAL
128 On Time Delivery Service 11-Z9-2090 NOV2004 1765 S J1440970 31.51
a28 Oo Time Ae1sV'ery 8erasce i1-29-2034 NOVa004 1765 6 J'2140877 31.51
128 On Time Delivery Service 11-29-2030 NOV2004 1765 S J2640715 31.51
T07CAI.. 1?AJ:D 1a 9.64 41093 , 61
----------------------------------------------------------------------------------------------------------------------------------
129 Slcctro Watchman, Inc 49.29-2007 SS1~2007 x778 S 7189D 150.00
TOTAL BAIU 150.00 41,243.61
139 Eta-bare looksa~iths Co 09-12-2007 SBP2007 27'65 S 017142 18.64
TOTAL PAID 18.64 41262,25
202 Hoeft Appliance center o9-29-2007 SEP2007 2779 3 96148 5]8.97
202 Hoeft Appliance Center Io-10-2007 OCT20o? 27¢6 S 96221 536.45
TOTAL PAID 1075.42 42337.67
90003 DJe DRAPERIES 49-34-200? 61iP2007 2763 5 '~-- 2396 5582.37
TOTAL, PAIb 5582,37 47920.04
90405 HSBC BUSINESS SOLUTIONS 09-12-2007 SEP2007 2757 S August statement 8D.36
TOTAL. 8A1D 80.36 48000.40
90010 WASTE TBCfINOLOC,Y INC 09-12-2007 SEP2007 2766 B 111406 273.77
90010 PASTE TECHNOLOGY INC 10-10.2007 OCT2007 2?91 S 112537 OCT07 275.87
TOTAL PAID 549.64 48550.04
90012 JRS APPLIANCE DISPOSAL ZNC 09-La-2007 SEP2007 275¢ S 57221 105.00
TOTAL PAID 10$.00 98655.04
90015 J'l¢8SICA SHEPHERD 30-15-2007 OCT2007 2794 S 10/07 Petty Caeh 140.00
TOTAL PAID 100.00 48755.09
90048 DC Annie SewreY IriC 09-12-2007 SEP2007 275S S 58121 99.00
TOTAL PAID 99.00 48$54.04
-9-
XNDIRDI iCl70LL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICE'S SORTED BY VEND012
FROM September 1, 2007 THROVGH
October 18, 2007
PAGE: 4
VrI71~OR V79~fD0~t CTiECK ACCTG CkIBCK M INVOICE INVOICE CC)MC7LATxVS
NUMBER NAME DATE DATE ~A 8 NUMBER AMOUNT TOTAL
9D049 UPBEAT INCORPORATED 09-29-2007 6EP2p07 2780 8
22735 9]4.59
TOTAL PAID 934.59 49788.63
_10_
5341 Maywood Road • • •
Mound, MN 55364 - ... ; . . ~
(952) 472-3190
MEMORANDUM
To: Mound Housing and Redevelopment Authority
From: Mound Project Team
Date: October 17, 2007
Re: Redevelopment Financing and Projects
The following list is an overview of the current and upcoming projects associated with the City's
redevelopment activities which require financing and should be taken into consideration with regard to
proceeds which may be available from the Lost Lake dump bond refinancing currently under
consideration. Additionally, as discussed at the June 19~' HRA meeting, an update regarding early
acquisition of redevelopment properties is also being provided and will also be preliminarily discussed.
Transit District /Deck 1
Bad Soil - $150,000
The City encountered unexpected clean-up costs in the Transit District during
the construction of Deck 1. Members are advised that this issue was not
ident~ed during the preliminary investigation stage and was found during
excavation/construction. Staff has contacted several agencies and "after
the fact' grant funding is unlikely as the Metropolitan Council program does not
have a "look back "provision and the project does not appear to score well
under the funding criteria for the DEED cleanup program. HRA members are
advised that staff is still pursuing a few possible leads, but in general, the
discussion thus far has not been favorable.
II. Auditor's Road /Deck 2
A. Livable Communities Grant Extension
The timing of the Deck 2 project needs to be discussed due to the June
2008 deadline for completion of the parking structure which was
provided $1.15M in Livable Communities grant funding.
B. Estimated Financing Gap (Deck 2) - $350,000
C. Mound Harbor Renaissance Update
III. Early Acquisition of Property in Redevelopment Districts
Following the June 19"' HRA meeting, the City has received proposals
from two (2) parties in Auditor's Road who are interested in early
acquisition of their property. Additionally, Staff has been in contact with
two (2) other owners along Auditor's Road regarding possible proposals. HRA
members are advised that it is anticipated that the proposals will be
assembled and included on the next available HRA meeting in November.
IV. Next Steps
No recommendation is offered at this time as Staff would like the HRA to have
adequate time to review and consider the information provided. Members are advised that it is
anticipated that the matter will be brought back to an upcoming meeting in November. At this
time, Staff considers the following items to be priority projects:
A. Deck 1 soils cleanup -Transit District
B. Deck 2 project -Auditor's Road District including grant extension