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2008-08-26L PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS. AGENDA 1. Open meeting 2. Action approving agenda, with any amendments Pa e 3. Action approving minutes: July 22, 2008 -Regular Meeting 1 4. Management report on Indian Knoll Manor 2-11 5. Action on a resolution authorizing the levy of a special benefit levy 12 pursuant to Minnesota Statutes, Section 469.033, Subd 6 6. Introduction of Hartford Group by Mound Harbor Renaissance 13-18 with HG presentation of concept plan for Auditors Road District 7. Adjourn MOUND HOUSING AND REDEVELOPMENT AUTHORITY JULY 22, 2008 The Housing and Redevelopment Authority in and for the City of Mound, Minnesota met in regular session on Tuesday, July 22, 2008, at 7:25 p.m. in the council chambers of city hall. Members present: Chair Mark Hanus; Commissioners David Osmek, Mike Specht, and John Beise. Members absent: Commissioner Greg Skinner 1. Open meeting Chair Hanus called the meeting to order at 7:25 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 Osmek, seconded by Beise to approve the June, 24, 2008 meeting minutes. All voted in favor. Motion carried. 4. Indian Knoll Manor Manager's Monthly Report ~`"~ Cindy Reiter presented the monthly report as follows: A. June bank statement B. June income statement C. Review of bills paid: MOTION by Osmek, seconded by Beise to approve payment of the bills for June, 2008. All voted in favor. Motion carried. D. Manager's report: There are no vacancies at the time and the condition of the exterior sign will be evaluated. Commissioner Specht arrived at 7:26 p.m. 5. Adiourn MOTION by Osmek, seconded by Beise to adjourn at 7:27 p.m. All voted in favor. Motion carried. Chair Mark Hanus Attest: Bonnie Ritter, City Clerk -1- Aug. 18. 2008 10:34AM MOUND HRA INDIAN KNOLL APARTMENTS ~'ROP£RTY MANAGERS MONTHLY REPQRT August 26, 2008 Manager's Agenda • July Bank Statement • July Income Statement • Review of bids paid • Managers Report No. 0099 P, 1 -2- Aug, 18. 2008 10 ; 34AM WELLS FARGO BANK. N.A. RIbGBDALE QFF1C1: POST OFF/CE 80X 6 5f4 MJNNEAPOLlS, MN 55479 t~I~Jd~~~ll~~ll~~~h~L~~ILIt~~~~IJI~~dJ.~l,~~lldl~~ HOUSING & REDEVELOPMENT AUTHORITY SPECIAL ACCOUNT CITY OF MOUND FINANCE DIRECTOR 5341 MAYWOOD RD MOUND MN 55364,1627 No. 0099 P. 2 Page 7 of 3 1-3 s7a tcoaoo~ Account Number: U0~-00 Statement Period: Jul f, 2005,. Jul 31, 2008 Image Count: 27 If you have any questions about this statement or your accounts, call. 800-225-5835 (f-800-GALL-WFLLS). ,, Your Accounts at ~ Glance Account Beginning De osits/ Withdrawals! ~ Fnding Type ~ Balance ~ Credits Debits Balance Basic Business Checking with Interest 37;094,95 10;474.69 - (3;545.50 34,024.(4 OOP-OD33530 News from WeIM Fargo • ~'-" S`treamline your payments. Pa y bills, employees, busln taxes and more online with the WelFs Fargo Online 'Payment Suite. Learn more at www.wellsfarga.com/blzfpaymeMs. Basic Business Checking with Interest 110.0-0033531) Housing & Redevelopment Authority Specla/ Account • Jun 30 Beginning Balance 37,094.95 Jul 31 Ending Balance - 34,024.f4 Deposits and Credlts _._....------------.r_._.__~._~.,........~__.~._~..~--------------.__..__.._..r____..._.,~-- Posted Dale Transaction Detail Amount Jul-07 Deposit 3 789.00 ~ Jul 07 0 Deposit D .' , 472 00,/ / Jul 1 eposit •9$7,42 ,; Jul f4 eank By Mall Deposit 3,4f90~ Jul f5 Bank By Mail Deposit 736 OO~ Jui 28 Deposit . ~ q~,00 Ju131 Deposit 457.OD Jul 3t Bank 8 Mail Aeposit i60•88 Jul 31 interest Payment 1,39 Checks Paid ---------------__----------------------..~:...~:. Check # Dafe Amount 3013 Ju101 380.00 3015 "~- Ju109 45.00 301 B Ju102 639.52 Gap in Check Sequence + item converted to substitufe check Check # Dafe Amount°; 3019 '+ Ju109 8.5p,Op 3020 t Jul f5 62.87 302( Jul 1 f 1,407,00 Continued on next pace -3- Aug. 18. 2008 10;34AM Housing & Redevelopment Authority Special Accaunf No, 0099 P. 3 Page 2 of 3 979 ~ Account Number: X70-W33530 Statement End Date: 07/3!/08 Chec/os Pafd -------------------_~~_....~..~_....._,.___..._.....~...._._._..._.w.__.__._.____.___ Check # Date Amount 3022 Jul 1 f ~ " 214.77 3023 Jul 14 535.34 3025 "` .Jul f0. 456,46, 3026 ;!u! 14 79.95 3027 + 'Jul, f 5 . " 80.53 3028 + Ju! T 4 100.00 3029 Ju114 133.60 3030 Jul f B 103.00 303! Ju117 130.01 5~ ~ 3033 Ju! ~f .6 5 ` Gap in Check Sequence t !tern converfed to substitute check Check # • Date Arnaunf 3034 Ju117 138.98 3035 + ... Jul ~ t 7.. , .. 301. f5 3036. + , , , . Jul 17 450.71 3037 - + .. Jul f 7 , 299.20 3038 + Ju! 25 . ~ 98.77 303A Jul f8 1,5~t.92 3040 Ju121 275.00 3041 + JuJ 15 3,058.51 3042 Ju! 31 119.38 3043 Ju/28 1,412.93 Aaily Balance gummsry ....,_.....,......_._..._r_~_..~_._______~~_._---_._~.~.M._.~._.~.~_.~....,..~._...._... Date Balance Date Balance Jun 30 37,094.95 Jul 75 38,47'4.62 Ju101 36,714.95 Jul 16 37,701.57 Ju102 36,075.43 Jul t7 36,47752 Ju/47 40,336.43 Jul f8 34,895.60 Ju109 39,441.43 Ju12f 34,583.95 Ju110 39,972.39 Ju125 34,485.18 Jul t ! 38,350.62 Ju! 28 33,524.25 Jul f4 40,920.53 Jul 3f 34,024.14 Average Collected Balance ~' 36,518.08 Interest Summary -......._...._._.....------------_------------------------------ Annual Percentage Yleld Earned This Period Interest Earned During This Period Year to Date Interest and Bonuses Paid 0.04% 7.39 14.53 Far Yaurtnterest Thank you for banking with Wells Fargo. -4- Aug. 18. 2008 10:34AM ,,'^', ~g~' O ~ y ~ e~, ~ .,,, m ~ m C ~ . 0O ~'~ ~~ a ~ 92m o - c m mg ~~~LL a N 6 O r O N q o O N f0 N O N ~ V '~ o 1 e O z go.a ~~~ a ~ ~ ~ m c ~ Z °C c a i w ~ ~ W ~ ~ _" ~ ~ o0 4a ~ ~ o C u' ~ ~ ~ a ~ ~ ~ ~ ~ ' ~ ~ _~ ~ ~ 0 ~ •~r ~ ~ ~ H ~ ° et ;~ ~ ~ z: W . ~: U a '" ~C p oevo osoe le o o.oed e T ~q rr~~~~ F~ ~-.. O ~ ~ ~ ~ w C sg~~$ ~ ~ d 4 C ~ m~ M G0 ~ ~ v ~ a E- c ~ z ~ W Z' W ~ OW6 N 3 O ~ ~ m 0 w v = o r1°i l O T ~ to v v ~I~ ~ a N ~ F N ~ m N r ~ .~... 1 Q o = O t _ ~ 1 F v C~ ~~ V w 6 V3 i O ~ ~ ~ d~ ~S ~, ~C O W ~L = g a o m o ~ N ~ ~ G0 G ~~ +~r .'~ 8 O ~~ a W CQ c G F -5- No. 0099 P. 4 G ~ ~ oO C Z Q N W f=A NCO N r ~m ~~ ~ H © T ~ ~ R V p N ~ d W °e K o~ ~ C ~ • a ~' ~o 0 o W V I- v W Z ~ ` m n w ~ o g ~ ~ m o y N ^ O !~ m G ~ o ~ ~ ~ 0 0 o M ~'" m '~ a , ~ ~O O o OY =. O U ~/ a ~ r- r 1~~ N~ tf O 0 W 9 0 x 4 :a W a. Q 5 e 4 O u A .~ 5 ~ u ~ ~ u 4 d e N ~yyyt 0 m M h Aug, 18. 2008 10:34AM No. 0099 P. 5 Mound MN Housinta Authority 200 Cornmeres Blvd Mound. M'N 55364-1577 As ~~ Jury 31, 2008 BALANCE SHEET ASSETS 111101 -Cash General Fund 26,595.75 111700 - Petty Cash 1pp,00 '! 12200 - Tenants Accounts Receivable 3,324.61 112900 - City of Mound 910.11 116200 - General Fund Investments 1,867.81 121100 - Prepaid Insurance 1,254.80 129000 - Deferred Charges {42.15) 140002 - Development Cost 1,505,904.64 140003 - Development Cost Contra (2,335,815.55) 140005 - Accumlated Depreciation (2,031,043.28) 140007 - Buildings 1,642,870.53 140008 - Fumiture,Equipment,Machines-Dwelling 39,257.27 140009 - Fumiture,Equipment,Machines-Admin 17,493.01 140016 - Land improvements 30,440.04 140017 - Building Improvements 723,782.97 140055 -~ Mod Cost Complete ~ 828,910.91 140095 -Mod Cost Uncomplete 42,567,67 150fiD0 - IlAod Cost Uncomplete Contra (10,846.81) TOTAL ASSETS ..,.~~~~i SURPLUS AND LIAFILTIES 211400 - Tenants Security beposits (10,027.00) 211410 -Tenants Pet Deposits (4,500.00) 211499 - Security Deposit Interest (633.69) 212900 - Notes Pay Levy Fund (40,000.00) 213700 - Payment in Lieu of Taxes (411.39) 213701 - PILOT Current Year (3,052,36) 224000 - Prepaid Gent (457.00) 280200 -Investments in Fixed Assets -Net (420,606,87) 280600 -Unrestricted Net Assets 38,457,96 Current Year Net Activity ~ (47,401.98) TOTAL SURPLUS AND LIABILITIES 148$.632.331 • ./ 1 . /'. . Aug, 18. 2008 10:34AM Mound MN Housins~ Authority ~~~0 Commerce Blvd Mound, MN 55364-1577 As Of ~luiv 31, zoos Statement of Operating Receipts ~ Expenditures ,--.. I 311000 - Dwelling Rental 31200D ~ Excess Utilities Total Rental Income 361D00 ~ Investment Interest/General Funds 369000 -Other Income 802000 -Operating Subsidy Total Other Operating Receipts Total Receipts Expenses 411000 -Westport Payroll & Benefits 411045 -Employee Ssnefits Administrative 411200 -Manager Payroll 413000 - Legai F~cpense 414000 - Staff Training 415000 - Trave! 417000 -Accounting Fees 417100 - Auditing Fees 419000 - Sundry-Administrative 419500 - Outside Management Tatal Administratlve Expense 422000 - Tenant Services Tatal Tenant Services Expense 431000 - Water 432000 - Electricity 433000 - Gas 439000 - Other Utility Expense 439100 - Garbage Removal Tatai Utilltles F~xpense 441000 - Maintenance Labor 441045 -Employee fienef"its Maintenance 442000 - Maferials 443000 - Con#ract Costs Total Maintenance Expense No, 0099 P, 6 YTD Over Currant YTD Prorated (Under} Activi balance Buffet Budget (9,913.81) (109,122.55) (77,256.69) 31,865.86 _ _ (34.0.00) (381.55) ~ (443.31) (61.76) (10,253.81) (109,504.10) (7x,700.00) (31,804.10} (1.39) (27.80) (29.19) (1.39) (166.30) (3,413.67) (2,333.31) 1,080.36 0.00 (69,489.86) (52,877.44) 16,612.42 (167'.69) (72,931.33) (55,239.94) (17,691.39) (10,421.50) (182,435.43) {132939.94) ___-~49 4, 95.49) 0.00 2,278.55 0.00 2,278.55 0.00 347.88 4,485.81 (4,137.93) 2,010.00 16,381.00 18,958.31 (2,577.31) 0.00 0.00 583.31 (583.31) 0.00 202.00 291.fi9 (89.69) 0.00 47.59 233.31 (185.72) 163.53 2,395.89 1,458.31 937.58 0.00 5,Q00.00 4,375.00 625.00 1,090.23 7,038.85 15,604.19 (8,565.34) 850.00 __ 9,350.00 5,950.00 3,400.00 4,113.76 43,041.76 51,939.93 (8,998.47) ___________0.00_ 0.00 116.69 (116.69) 0.00 0.00 116.69 (116.69) 326.80 2,358.09 1,866.69 491.4p 1,581.92 13,910.72 11,404.19 2,506.53 1,407.00 18,531.93 16,461.89 2,070.24 1,08fi.13 10,830.96 8,114.19 2,718.77 293.20 _ __2,82.27 ~ 3,150.00 _ (324.73) 4,695.05 48,456.9T 40,996.78 7,4$0.24 2,750.94 18,697.80 19,833.31 (1,135.51) 953.28 5,591.33 4,690.00 901.33 601.61 4,835.41 4,550.00 285.41 1,565.36 20,998.97 9,x55.81 11,543.16 5,87'1.19 50,123.57 38,529.12 11,594.39 7- avg. 18. 2008 10:34aM No. 0099 P. 7 Mound MN Hous'rnp Authority 2020 Commerce Blvd Mound, MN 55364-1577 As Of July 31, 2008 ' Statement of Operating Receipts 8G expenditures YTD Over Current YTD Prorated (Under) ACtty Balance Bu_ duet Budget 451000 - Insurance ~ 966.70 8,617.58 7,116.69 1,500.89 452000 - Pmts In Lieu Of Taxes 277.94 3,052.36 1,835.19 1,217.17 457000 - Collection Loss Total General Expense __0.00 35.29 1,266.64 11,634.65 0.00 8,951.88 (35.29) .2,682.77_ Tuts) Routine Expense:,, 15,946.6a 153,256.88 140,534.38 ___12,722.51__ Total Nonroutine Expense 0.00 0.00 0.00 0.00 Total Expense 15,946.84 1.53,256.89 140,534.38 12,722.61 3 -8- Aug. 18. 2008 10:34AM No. 0099 P, 8 INDIAN Xt10LL MANOR PAID 1NV0 ZC&$ SORTED IIY VENDOR 2020 COMMBRCS BLVD' FROM July 1, 2008 TNROVGH Duly 31, 2008 240UND, MN 55364 August Y3, X008 ~~ PAGE: 1 VENDOR VENDOR CNEC& ACCTG CHECK M IWVOICE INVO YC8 CUMULATIVE NTJM~1s"lt E DATE bATh` NUI~ER S NUMBER AMOUNT TOTAL 2 CLGDY BETTER o7-O1-2008 JlJL2008 3020 S may vonage phone 62.87 TOTAL PAID 62.87 62.87 3 pR00RAM84ED MANAGEMENT CORP 07-01-2008 JUL2008 3027 S 7031673 60.5] TOTAL PAID 60.53 123.40 6 WESTPORT PROPERTIES TNC 07-09-2008 JUL200B 3038 S junC YCOC^*,r 98.77 6 WEBTPORT 8ROP8RTIE8 INC 07-D1-2008 JUN2008 3019 B 6f De mgmt .fee 850.00 6 WE$TPORT PROPERTIES INC 07-31.2008 JUL2008 3051 5 07/08 mgmt Eee 850.00 TOTAL PAIb 1798.77 1922.17 7 W8$TPORT PROPERTIES PAYROLL 07-10-2008 J'DI.2008 3042 5 7/15 ppyrOll 3058.51 7 WESTPORT PROPERTIES PAYROLL 07-31-2p0e J11L20oB 3052 3 7J31.payroll 3821.83 TOTAL PAID 6880.34 8802.51 20 XCEL ENERGY 07-09-2008 ,7LTL,2008 3039 8 072308 1581.92 TOTAL PAID 1581.92 1038a.aa 34 ROME bEPOT CREDIT $ERV-140UND 07-D1-2008 JI1L2008 3023 S 2146278 a90.22 34 1~ONtl: DEPOT CREDIT SERV-MOUND 07-01-2006 JUL2008 3023 S 3132620 45.12 TOTAL PAID 535.34 10919.77 36 ST3 SLOORING INC o7-21.2008 JCJ1,2008 3049 9 5467fi 60,00 36 STS FLOORING INC 07-21-2008 JUL2008 3049 3 55347 1298,30 TOTAL PAID 1358.30 12278.07 d0 HOME DEPOT SUPPLY 07-21-2008 JUI,20D8 30aa S 438358238 294.57 40 HOME DEPOT BUPPLY 07.31-2008 JUL2008 3050 S 44576796A 326.67 40 FIOM& DEPOT SUPPLY 07-31-2008 JUL200H 3050 S aa576796H 397,32 TOTAL PAID 968.56 13246.63 54 RBNTAL RESEARCE SERVICES, INC. 07-21-2008 JUL200B 3048 $ 063008 49.00 TOTAL PAID 49,00 13295.53 ss CenterPoiat EnCrgy 07-OS-2008 JlJL2008 3021 S 071808 1407.00 TOTAL PAID 14g7.D0 14702.63 ~--. -9- aug, 18, 2008 10,34aM INDIAN KNOLL MRNOR 2020 COMMERCE $LVA MOUND, MN 55364 No, 0099 P, 9 PAID INVO Y CgS BORTEA $Y VENDOR FROM July 1, 2008 TFW.OUQR Jnly 31, 2006 August 13, 2008 PAGE: 2 VP,tiDOR VENDOR CHECit ACCTG Cli&CK M INVOICE INVOSC$ CUMOZATIVE NUMBER NAME DATB DATE NUMBER S NUMBER AMOUk~'1' TOTAL 99 MltfifESOTA ELEVATOR INC 07-21-2008 ,TUL2oo8 3045 S 141911 209.81 TOTAL PAID 209.81 14912.64 100 FRONTIER 07-01-3008 JUL2008 3022 S 070708 214.77 TOTAL PAID 21a.77 15127.21 lOl C NABER 8nd ASSOCIATES 07-09-2008 ~OI,200B 3030 B 43245 103.00 TOTAL PAID 103.00 15230.21 102 MOUND TRUE VALUE HARDWARE 07-09-2008 JUL2008 3035 9 048043 42.26 102 MOUND TRUE VALUE HARAWAR& 07-09-2008 aUL2ooe 3035 S 048069 59.99 I02 MOUNA TRUE VALUE HARDWARE 07-09-2008 SfTL2008 3035 S 048271 13.95 102 MOUND TRUE vALUE HARDWARE 07-09.2008 JUL2008 3035 8 046276 12.36 102 MOUND T1tUE VALUE HARDWP.RB 07-09-2008 JUL2008 3035 S 048364 14.47 102 MOUNb TRUE VALUE jARDWARE 07-09-2008 JiTI,200B 3035 5 048458 110.86 102 MOUNp TRUE VALUE HARDWARE 07-D9-2008 JUI,2008 3035 8 048459 16,31 102 MOUND TRUE VALUE HARDWARE 07-09-2b08 JUL2008 3035 S 048477 22.95 102 MOUND TRUE VALUE HARDWARB 07-09-2408 JUL2006 3035 5 048905 7.98 TOTAL PAIb 301.15 15531.36 104 CITY OF MOUND 07-21-2008 JUL2008 3043 B 081508 1412.93 TOTAL PAIR 1412.93 15944.29 125 IItDN FINANCIAL SERVICE - LEASE07-09-2006 JUL2008 3034 $ 76773144 138.98 TOTAL PAID 138.96 17063.27 128 On Time Delivery service o7-21-2008 ,7tIL2008 3047 8 63572 90,94 TOTAL PAID 90.94 17174.21 139 sta-Safe locksmiths Co 07-01-2008 JUI+2008 3026 S 015847 100.00 TOTAL PAID 100,00 17274.21 202 Hoeft Appliance Centel 07-OS-2008 JlJI.2008 3025 S 097269 456.46 202 Hoeft Appliance Canter 07-09-2008 JtTL2ooe 3031 8 097313 580,05 TOTAL PAID 1036 51 18310.72 _10_ 1 Aug. 18. 2008 10;35AM INDIAN JG?1DLL MANO& 2020 CQDB~lERCE 9LVD MOiINn, I~PI 55369 No. 0099 P. 10 PAID INVOx CBs SORTED eY 'VENDOR BROM July 1, 2008 Tt0lOUC'H July 31, 2008 August 19, 2008 PACRa = 3 VENDOR VENDOR CE~CR ACCTG CFiSCx b INVOICfi INV03=Cg CUMULATIVE NIJ183gR NAMp DAT$ DATE NUM6fiR S NUo~B&R AMOUNT TOTAL 250 Homo Dego~ Westport Account D7-O1-x006 JS7L2008 3029 S 5012614 45.94 250 home Depot Westport Account 0781-2008 JUL2008 3029 S 6137137 87.86 250 Home Depot Westport Accousrt p7-09-2008 JUI,2006 3033 8 9204716 36.65 TOTAL PAID 170,.45 ..-.-~ -.-- ZBa81.17 ------ -------- 351 -----'-----------.......------ Mediacom I.LC --------.---- 07-01-20D8 ------'----- JUL2008 ------.~.,.- 3026 •-------- S ---.---------'-----. 070408 -. 79.95 ---'----- 351 Mefliacom LLC 0721-2008 JUI.2008 3046 S 080308 79.95 TOTAL PAID 159.90 18641.07 -,....--- 800 '----------------------------,. Roae Buain®ea bevelopmeat ...----------- 07-10-2008 ------------ JLTL20D8 ----------- 3040 ----..~. 8 -~-------'---------' 4813 - " --------.,. 275.00 .-------------- TOTAI. PAID 275.00 1.8916.07 90005 HSBC BUSINESS 30LUTIONB 07-09-2008 JCTL20D8 3031 8 071908 130. q1 TOTAL PAID 130.01 19D46.OB 9061D WASTE TfiCFIDTOLgC~[ INC D7-09-2008 JUL2048 3037 S 122028 293.20 TOTAL PAID 293,20 19339.28 90045 Scotts Lawn CatC IaC D7-09-2008 JUL2008 303E S ~ 1780629 450.71 TOTAL PAID 450.71 19789.99 90060 Dmitry DenisyuK 07-15-2008 J'(1L2048 30&2 S aeC dep ref 119.36 TOTAL PAID 119.38 19909.37 '~ '~ HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND RESOLUTION NO. 08- H AUTHORIZING THE LEVY OF A SPECIAL BENEFIT LEVY PURSUANT TO MINNESOTA STATUTES, SECTION 469.033, SUBDIVISION 6 WHEREAS the Housing and Redevelopment Authority in and for the City of Mound (the "HRA") has been duly established and operates under Minnesota Statutes, Sections 469.001 to 469.047 (the "HRA Act"); and WHEREAS, Section 469.033, Subdivision 6, of the HRA Act permits the HRA to levy and collect a special benefit levy of up to .0185 percent of taxable market value in the City upon all taxable real property within the City in order to finance housing and redevelopment activities authorized under the HRA Act; and NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Mound as follows: That there be and hereby is levied $257,653, or the maximum amount allowed, whichever is greater, for the year 2009 on all taxable property, real and personal, situated within the corporate limits of the City of Mound and not exempted by the Constitution of the State of Minnesota, for the purposes of establishing an HRA Fund and conducting the operation of an HRA pursuant to the provisions of MS 469.001 through 469.068, subject to the consent of the City Council of the City of Mound. 2. Staff of the HRA are hereby authorized and directed to seek the approval by resolution of the City Council of the City of the levy of special benefit taxes in 2009, certify such proposed special levy with the Hennepin County Auditor by September 15, 2008, certify the final levy with the County Auditor by the specified date and take such other actions as are necessary to levy and certify such levy. Approved this 26th day of August, 2008 by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Mound. Chair Mark Hanus Attest: Bonnie Ritter, City Clerk -12- 5341 Maywood Road Mound, MN 55364 (952) 472-3190 MEMORANDUM To: Mound Housing and Redevelopment Authority From: Sarah Smith, Comm. Development Director, Bruce Chamberlain, HKGi Date: August 21, 2008 Re: MHR Redevelopment Update !Auditors Road Summary. Dave Neumann of Mound Harbor Renaissance will be present at the August 26"' HRA meeting to provide a downtown redevelopment update including a preliminary proposal being discussed with the Hartford Group for the Auditors Road District, which includes a combination of retail, quasi-retail and senior community housing. A project narrative provided by the Hartford Group has been included as an attachment. Mound Visions Background History. One of the core principles of Mound Visions, since its inception in 1991, has been to celebrate Mound's greatest asset -Lake Minnetonka. This principle is exemplified in the Mound Visions master plan which adopted by the City Council in 1992. While Mound's traditional downtown turned its back on water, the Mound Visions plan suggested relocating Shoreline Drive, creating the Lost Lake canal and greenway as a public central green, and developing amixed- use, new main street along Auditors Road overlooking Lost Lake. All of these strategies were rooted in the drive to re-establish downtown Mound's connection with Lake Minnetonka and create a viable main street redevelopment district linked with new public spaces along Lost Lake. The transformation of downtown Mound in the last decade is stunning. Most of Mound Visions original strategies have been accomplished. However, there remains an elusive goal -redevelopment of the Auditors Road District as the crown atop Mound's new downtown. In the early years of Mound Visions, the City received expert market opinions that the downtown was a challenging retail marketplace. Traffic volumes are not as high as many retailers like. The presence of so many surrounding lakes makes a standard market analysis appear weak. And, Mound had a retailing image problem. The Mound Visions master plan attempted to minimize these obstacles by being modest in the amount of retail suggested, by concentrating new retail in the Auditors Road/Commerce Boulevard corridors and by creating such high quality public spaces and private development that Mound's image would transform. The original Mound Visions plan suggested roughly 40,000 to 50,000 square feet of new retail space, all of it in the Auditors Road and Langdon Districts. At the time, the former high school site was contemplated as a community center and the Lost Lake District was earmarked for a hotel, farmer's market and community building. The True Value District C:\Documents and Settings\Sarah Smith\My Documents\Memorandums\2008\memohraaugust2008mhrupdateauditorsroad.doc -13- was envisioned as a °break-even" district where redevelopment would essentially equal current retail space. It was believed that downtown could support that level of additional retail, mostly in service retail such as gifts, convenience goods, dining, etc. Since that original strategy, the former high school site has been developed with roughly 25,000 square feet of retail in addition to the grocery store and the Lost Lake District has approximately 5,000 SF of retail space. This may not seem like a big impact but basically 60% or more of the total additions in retail space envisioned for the Auditors and Langdon Districts have been developed elsewhere in downtown. These shifts have likely negatively impacted the demand for retail redevelopment in the Auditors and Langdon Districts. Mound Visions Strategies. The Mound Visions plan includes several important themes and design components which are summarized as follows: • Establishing a traditional downtown by creating a distinctive community place for Mound. • Creating a central core of traditional, multi-story "main street" type buildings with retail along the street and office or housing uses located above. • Keeping the downtown vital by mixing retail, entertainment and office uses with a wide range of lifecycle housing. • Connecting the downtown area with new greenways, trails and traditionally designed streets and sidewalks. • Incorporating streetscape and landscaping elements along the new mainstreet and realigned CSAH 15 corridor (Shoreline Drive.) • Providing central, downtown parking areas including both structured and surface lots. • Enhancing community appreciation of and access to, the area's natural resources by reclaiming the historic Lost Lake channel and providing public dock and boat slip amenities for both residents and visitors. • Projecting and enhancing the City's natural resources through the incorporation of innovative and unique stormwater strategies. • Planning for regional transportation connections including the former Dakota rail corridor being reserved as a possible future LRT route and transit station (as well as its interim use as a multi-use recreational trail). Mound Harbor Renaissance (MHR) Concept Plan -Auditor's Road The current concept plan from MHR shows Auditors Road as Mounds new mainstreet and is lined with vertically integrated, mixed-use buildings to include approximately 50,000 SF of retail and office space and 3 floors (40 units) of residential condominiums. Adjacent public, structured parking is to be centrally located and private parking is to be provided underground. Retail building(s) will also front Commerce Boulevard along the east side. Discussion/Next Steps. MHR respectfully requests policy discussion and direction from the HRA with regard to the preliminary proposal being discussed with the Hartford Group including its suitability for the Auditors Road District. • Page 2 -14- 1 WWW.HARTFORDGRP.COM REGENT AT HARBOR POINT MOUND, MINNESOTA r:. rte. ..y' ~. .%`^~ A t Ha~br~r Pon t A SENIOR LIVING COMMUNITY Project Program ~ August 2008 ~:~ Project Description Regent at Harbor Point "the project" is a proposed 4-story 100 unit senior assisted living development. The "project" is located in the City of Mound's Auditors Road District, amixed- use pedestrian-friendly, master planned development that includes redevelopment of Lake Minnetonka waterfront on "Lost Lake". REGENT SENIOR LIVING Residents living at the Regent will enjoy the best of both worlds -the active lifestyle of quality senior living, combined with tailor-made assisted living services. The Regent will offer convenient access to numerous restaurants, offices, and major retail developments, many within walking distance. Walking paths and sidewalks provide connections throughout the development offering an urban and pedestrian friendly setting. AGING IN PLACE The Regent's unique concept of "aging in place" will allow residents to truly develop a sense of place and home, free from worry of any changing health status that may require additional services. If a resident's health should change, assisted living services, as needed will be delivered directly to that resident's home upon request. This concept further allows The Regent a fluid and dynamic approach to market conditions, thereby increasing initial occupancy and absorption rates, stability and the long-term feasibility of the project. Regent Assisted Living will provide a special combination of residential housing, standard personalized supportive services and ongoing healthcare. Regent Assisted Living is designed to meet the individual needs of those requiring assistance with the activities of daily living, but do not need the same level of comprehensive and intensive medical care provided in a traditional nursing home. Regent options will provide residents with the care of a well trained staff. Services provided will be "a la carte" allowing residents to select only those services needed. Many services will be provided in individual residences, which include a full kitchen and 24-hour emergency call system. Regent at Apple Valley Assisted Living units will include: • Varying selections of large floor plans with full 24-hour health care monitoring kitchens • Medication assistance and reminders • Maintenance of common & landscaped areas • General maintenance of apartments and appliances • Private bathrooms with handicap accessible, walk-in shower • Individually controlled heating and air conditioning • In unit laundry machines for each resident Services to be included in the monthly fee • Up to three daily meals • Weekly housekeeping service • Scheduled transportation services • Social and recreational programs • 24-hour emergency call system Personalized assistance Options • Additional meals and guest meals • Available guest suite for family and friends • Meal tray service • Beauty and barber shop services • Personal laundry & Additional housekeeping • Health and personal care • Case management by health care professional • Tailored personal care and health related services as needed • Rehabilitation services -2- -16- 1 %~ Project Description REGENT RESIDENT WELLNESS PROGRAM The goal of the Regent Wellness Program is to address the needs of elderly residents by providing and facilitating the means for an active, independent and healthy lifestyle in a community setting. The Regent Wellness Program takes a comprehensive approach to maintaining a healthy lifestyle by providing a variety of services and programs as well as exercise and health facilities. General Amenities Regent Wellness Services and Programs • Gardens Personalize health and wellness programs Walkways Eucalyptus aromatherapy in the steam room • Fitness Center Concierge services Sauna and/or Steam Room Food and beverage services • Full Service Spa Social and recreation programs Fine Arts Studio Exercise Classes and education • Social Hall Wireless Internet access • Card and Game Room Personal health monitoring services Group Exercise Studio • Life Enrichment Center TRANSPORTATION SERVICES Transportation services will be provided on a daily basis to surrounding retail areas, amenities and other locations. Specific travel services will also be available to residents as requested. CONCLUSION Hartford Group, Inc. is excited about the opportunity to bring to the market another Regent Senior living community. Each of our community's offers a unique personality and high standard of living with flexible options all of which are designed to meet the needs and lifestyles of older adults. The selected manager or partner can provide significant recommendations into the design and operation of the project. -3- -17- N r a 1 ~~ 7~ ~~ EXIST N6 rn X '~ ~p ~,x RAT IL ~ D1 ~ yam, r ~ GOMMleRG1: 80uLL° VAIiD (COUNTY ROAp I10) ~ RGTA L / ~d GOMML'RG I qL y, ~ 9b00 5.~. i5/ 1 000 ' ~ , rARKIN6) vv]]~ ~ n ri '~ y k s ~~ ~ ~ ~ $ y ~ ~ p y Q ^ ~o~mK ~Mww ~ + ~ U ~'~ ~ N -i (l I ~ , ~ "G .~Q ~ - ~ ~~ ~~~ ~'~ ~~ m ,y~ s~~ i ; uf.' ~ W c~ ~} ~iG ' a }~~ ~0 ~,y a ~ ry~ ~a ,~a. ~ ~ i ~o- ~,~ ~t ,~ ~ yI N ~~qh ~r~ O .T (i~tl 7 ~ ~ ~~; ~ b o = o > fn ~ .,i3 z ~ ~ 7O0p r ~ ~ ~ O A -ti D N ~ U -~( N ~ N ~~ O ~ ~ ~ O `p r ^ ~ ~ re 7N0 'h ~ I~, ~- ",~~ 18 i