2008-05-271
PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
~~ I~-
AGENDA ~~~I
MOUND HOUSING & REDEVELOPMENT AUTHORITX
REGULAR MEETING
TU~SDAV, MAY 27, 20Q8 7:20 P.M.
MOUND CITY COUNCIL CHAMBERS
Page
1. Open meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: Apri122, 2008 -Regular Meeting 1-2
4. Indian Knoll Manor Manager's Monthly Report
3-11
5 . Adjourn
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
APRIL 22, 2008
The Housing and Redevelopment Authority in and for the City of Mound, Minnesota, met
in regular session on Tuesday, April 22, 2008, at 7:00 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, Public Works Director Carlton Moore, Cindy Reiter, Ken Perbix, Chuck
Alcon, Amanda Schwarze, Amy Lyon, Paula Larson.
1. Open, meeting
Chair Hanus called the meeting to order at 7:00 p.m.
2. Approve agenda
Hanson requested the addition of Item 3.1, Resolution Appointing James Kurtz as Acting
Executive Director.
MOTION by Osmek, seconded by Beise to approve the agenda as amended. All voted
in favor. Motion carried.
3. Approve minutes
~'~ Beise offered a correction to the minutes of April 8.
MOTION by Osmek, seconded by Specht to approve the minutes of April 8, 2008, as
amended. All voted in favor. Motion carried.
3.1. Action on Resolution Appointing James Kurtz as Acting Executive Director
MOTION by Osmek, seconded by Beise to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 08-09H: RESOLUTION APPOINTING JAMES KURTZ AS
ACTING EXECUTIVE DIRECTOR OF THE HRA FOR THE REMAINDER OF 2008
4. Indian Knoll Manor Manager's Monthly Report
Cindy Reiter presented the monthly report as follows:
A. March bank statement
B. March income statement
C. Review of bills paid: MOTION by Osmek, seconded by Beise to approve the
bills for March 2008 as presented. All voted in favor. Motion carried.
D. Manager's Report: Everything is going well at the building, and they are
going out for bids for some concrete work in front of the building. There are
also two more buildings in the city that have joined the Crime Free Building
Program, as administered by Officer Niccum.
-1-
HRA Minutes -April 22, 2008
5. Consideration/action on option agreement for 5575 Shoreline Drive
John Dean stated that the HRA has been considering proposals to acquire land in the
Auditor's Road District, and this parcel will be the last one they are considering for
purchase.
MOTION by Beise, seconded by Osmek to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 08-10H: APPROVING OPTION AGREEMENT FOR PROPERTY
AT 5575 SHORELINE DRIVE
6. Consideration/action on Addendum to Contract for Private Redevelopment
John Den explained that the provisions in the proposed addendum were as described at
the meeting of March 25.
MOTION by Osmek, seconded by Beise to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 08-11 H: RESOLUTION AUTHORIZING ADDENDUM TO
CONTRACT FOR PRIVATE DEVELOPMENT
7. Adjourn
MOTION BY Osmek, seconded by Specht to adjourn at 7:12 p.m. All voted in favor.
Motion carried.
Chair Mark Hanus
Attest: Bonnie Ritter, City Clerk
-2-
MOUND HRA
INDIAN KNOLL APARTMENTS
PROPERTY MANAGER'S 111~hITHLY REPORT
May 27, Zoos
Manager's Agenda
• April Bank Statement
• April Income Statement -
• Review of bills paid
* Managers Report
-3-
WELLS FARGO BANK, N.A.
RIDGEDALE OFFICE
POST OFFICE BOX B 514
MINNEAPOLIS, MN 55479
HOUSING 8< REDEVELOPMENT AUTHORITY
SPECIAL ACCOUNT
CITY OF MOUND
FINANCE DIRECTOR
5341 MAYWOOD RD
MOUND MN 55364-1627 ,_
Page 1 of 3
t-4 1132 (CO300)
Account Number: 000-0033b30
Statement Period: Apr 1, 2008-
Apr 30, 2008
Image Count: 28
I~,~~~IVEI)
MAY 0 ~ ~~~~
,~ G~
If you have any questions about this statement ~ ~l 5935 (1-800-CALL-WELLS).
~~~- yl
Your Accounts at a Glance
Account E v~lis/ Withdrawals/ Ending
Type ~ _ ~redits Debits Balance
Basic Business Checking with Interest 35,273.70 17,050.63 - 21,180.62 31,143.71
000-0033530
Vews from Wells fargo
Vew Agreements for Online Banking
Ne've updated our Online Access Agreement and E-Sign Consent. To see what has changed, please vlsft
Nww. wellsfargo.comlonlin eupdates
9asic Business Checking with Interest 000-0033530
Housing & Redeveloprrient Authorify
Special Account
Mar 31 Beginning Balance
Apr 30 Ending Balance
35,273.70
31,143.71
Deposits and Credits ---------------------------------------------------------------------------------------------------------------------
Posted
Date Transacfion Detail Amount
Apr 03 Hud Treas 303 Misc Pay 040308 410962421860103
RMT*VV`099204499'~"'`*"""hud Operating Fund MN0740 5,354.00"
4
936
00!
Apr 14 Bank By Mai! Deposit
Apr 14 Bank By Mail Deposit ,
.
4,931.10'
Apr 74 Deposit 614.00
Apr 14 Deposit
Apr 17 Deposif 145.25'
610.00
Apr 24 Deposit 459.00
Apr 30 Interest Payment ~ 1.28
Withdrawals and Deblts -----_.._-------------------------------------------------------------------------------------------------------------
Posted
Date Transaction Detail
Apr 25 Return Item Chargge -Paper MN 080425
Apr 25 Return Item Fee MN 080425
Amounf
- 198.00
- 7.00
'ontinued on next page
-4-
Page 2 of 3 ~
1933
Housin~ & Redevelopment Aufhorify
'~' Account Number:
d Date:
St
t
t E 000-0033530
04/30/08
Specia Account a
em en
n
Checks Paid ------------------------------------ ----------------------- --------------------- ----------------------- ---------------------
Check # Date Amount Check # Date Amount
2907 •~ Apr 09 104.58 2940 ~ Apr 16 151.18
'
2922 '+ Apr 03
2925 Apr 01 57.10
136.40 2942
2943 Apr 14
Apr 16 150.00,
320.26"'
2926 Apr 03
2927 + Apr 09 1,615.94
90.68 2944
2945 Apr 15
Apr 14 458.59
209.81
2929 Apr 01 138.65 2946 Apr 15 79.95 j
2931 Apr 09 75.00 2948 Apr 16 83.07
'
2933 *+ Apr 09 150.61 2949 Apr 14 49.00
'
2934 + Apr 02 1,948.46 2950 + Apr 15 282.19
8
2935 Apr 08 3,079.14 2951 + Apr 14 59.6
2936 + Apr 14 850.00 2952 Apr 17 1,456.4
2937 + Apr 15 47.92
' 2953 + Apr 14 2, 709.28
2
004
3
1
2938 .Apr 16 203.00
/ 2954
" Apr 24 ,
.
4
2939 Apr 11 1,349.33 +
2963 Apr 30 3,115.01
'Gap in Check Sequence
+ Item converted to substitute check
Daily Balance Summary --------------------------------------------- ------------------------- --___--------------------- ---------------------
Dafe Balance Dafe
_____ Balance
Mar 31 35,273.70 Apr 14 38,480.41
Apr 01 34,998.65 Apr 15 37,691.76
Apr 02 33,050.19 Apr ?6 36,854.25
Apr 03 36,731.15 Apr 97 36,007.78
Apr 08 33,652.01 Apr 24 34,462.44
Apr 09 33,231.14 Apr 25 34,257.44
Apr 11 31,881.81 Apr 30 31,143.71
Average Collected Balance $ 34,657.50
Interest Summary ------------------------------ ------------------------ ------------------------ -------------------------- ---------------------
Annual Percentagge Yield Earned This Period - 0.04%
Interest Earned During This Period 4.28
Year to Date Interest and Bonuses Paid 10.29
The following change is effective July 4, 2008.*
Overdraft Items and Returned !tams (Non-Sufficient FundsiNSF): $35 per Item. An occasion Is a day in which your
account does not have enough money to cover an Item. A dally maximum of 10 Overdraft and/or Returned Item fees
applies.
For questIons, please contact your Wells Fargo Banker or call 4-800-CALL WELLS (4-800-225-5835). We appreciate
your business and look forward to contlnuing to serve your financial needs.
*Elfectlve August 15, 2008, for quarterly savings accounts.
For Your Interest
Thank you for banking with Welts Fargo.
-5-
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Mound MN Housing Authority
2020 Commerce Blvd
Mound MN 55364-1577
As OF
April 30, 2008
BALANCE SHEET
ASSETS
111101 - Cash General Fund 26,610.06
111700 - Petty Cash 100.00
112200 - Tenants Accounts Receivable 4,153.00
112900 - City of Mound 910.11
116200 - General Fund lnvestments 1,867.81
121100 - Prepaid Insurance 3,137.06
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 1,642,970.53
140008 - Furniture,Equipment,Machines-Dwelling 37,373.95
140009 - Furniture,Equipment,Machines-Admin 17,493.01
140016 - Land Improvements 30,440.04
140017 - Building Improvements 719,104.64
140055 - Mod Cost Complete 829,910.91
140095 - Mod Cost Uncomplete 42,567.67
150600 - Mod Cost Uncomplete Contra (10,846.81)
TOTAL ASSETS 484.795.64
SURPLUS AND LIABILITIES
211100 -Accounts Payable Vendors & Contractors (129.64)
211400 - Tenants Security Deposits (10,283.00)
211410 -Tenants Pet Deposits (4,500.00)
211499 - Security Deposit Interest {640.47)
212900 - Notes Pay Levy Fund (40,000.00)
213700 - Payment in Lieu of Taxes (411.39)
213701 -PILOT Current Year (2,219.14)
280200 -Investments in Fixed Assets -Net {420,606.87)
280600 -Unrestricted Net Assets 38,457.96
Current Year Net Activity (44,463.09)
TOTAL SURPLUS AND LIABILITIES /484.795.641
-/-
Mound MN Housinsl Authority
2020 Commerce Blvd
Mound. MN 55364-1577
As Of
April 30, 2008
Statement of Operating Receipts & Expenditures
311000 - Dwelling Rental
312000 - Excess Utilities
Total Rental Income
361000 - Investment Interest/General Funds
369000 - Other Income
802000 - Operating Subsidy
Total Other Operating Receipts
Total Receipts
Expenses
411000 -Westport Payroll & Benefits
411045 -Employee Benefits Administrative
411200 -Manager Payroll
413000- Legal Expense
414000 - Staff Training
415000 - Travel
417000 - Accounting Fees
417100 - Auditing Fees
419000 - Sundry-Administrative
419500 - Outside Management
Total Administrative Expense
422000 - Tenant Services
Total Tenant Services Expense
431000 - Water
432000 - Electricity
433000 - Gas
439000 - Other Utility Expense
439100 - Garbage Removal
Total Utilities Expense
441000 - Maintenance Labor
441045 -Employee Benefits Maintenance
442000 - Materials
443000 - Contract Costs
Total Maintenance Expense
YTD Over
Current YTD Prorated (Under)
Activi Balance Budget Budget
(11,245.40) (78,180.74) (44,146.68) 34, 034.06
0.00 (41.55) (253.32) (211.77)
(11,245.40) (78,222.29) (44,400.00) (33,822.29)
(1.28) (23.56) (16.68) 6.88
(145.25) (2,601.90) (1,333.32) 1,268.58
(5,354.00) (49,489.86) (30,215.68) 19,274.18
(5,500.53) (52,115.32) (31,565.68) (20,549.64)
(16,745.93) (130,337.61) (75,965.68) (54,371.93)
0.00 2,278.55 0.00 2,278.55
0.00 347.88 2,563.32 (2,215.44)
1,520.00 11,331.00 10,833.32 497.68
0.00 0.00 333.32 (333.32)
202.00 202.00 166.68 35.32
0.00 47.59 133.32 (85.73)
250.92 1, 930.52 833.32 1, 097.20
0.00 5, 000.00 2, 500.00 2, 500.00
337.38 4,548.90 8,916.68 (4,367.78)
850.00 6,800.00 3,400.00 3,400.00
3,160.30 32,486.44 29,679.96 2,806.48
0.00 0.00 66.68 (66.68
0.00 0.00 66.68 (66.68)
480.25 1,492.19 1,066.68 425.51
1,456.47 9,456.13 6,516.68 2,939.45
2,004.34 13,450.93 9,406.68 4,044.25
2,409.34 7,529.62 4,636.68 2,892.94
282.19 1, 910.69 1,800.00 110.69
6,632.59 33,839.56 23,426.72 10,412.84
2,531.27 10,072.40 11,333.32 (1,260.92)
723.62 2,963.14 2,680.00 283.14
1,027.10 2,987.75 2,600.00 387.75
1,602.63 14,073.15 5,403.32 8,669.83
5,884.62 30,096.44 22,016.64 8,079.80
Mound MN Housing Authority
2020 Commerce Blvd
Mound, MN 55364-1577
As Of
April 30, 2008
Statement of Operating Receipts & Expenditures
451000 - Insurance
452000 - Pmts In Lieu Of Taxes
457000 - Collection Loss
Total General Expense
Total Routine Expense
Total Nonroutine Expense
Total Expense
YTD Over
Current YTD Prorated (Under)
Activi Balance Budget Budget
959.68 5,599.05 4,066.68 1,532.37
230.64 2,219.14 1,048.68 1,170.46
0.00 (142.67) 0.00 (142.67)
1,190.32 7,675.52 5,115.36 2,560.16
16,867.83 104,097.96 80,305.36 23,792.60
0.00 0.00 0.00 0.00
16,867.83 104,097.96 80,305.36 23,792.60
_Q.
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICES SORTED BY VENDOR
FROM April 1, 2008 THROUGH April 30, 2008
May 15, 2006
PAGE: 1
VENDOR
NUMBER VENDOR
NAME CHECK
DATE ACCTG
DATE
- CHECK M
NUMBER 6
---------------- INVOICE
NUMBER
----------------------- INVOICE
AMOUNT
------------- CUMULATIVE
TOTAL
---------------
3 PROGRAMMED MANAGEMENT CORP 04-01-2008 APR2008 2937 S 7031410 47.92
TOTAL PAID 97.92 47.92
6
6
WESTPORT PROPERTIES INC
WESTPORT PROPERTIES INC
04-01-2008
04-09-2008
MAR2008
APR2008
2936 3
2951 S
03/08 mt fee
march reoccuring -
850,00
59.66 ---------------
TOTAL PAID 909.66 957.58
7
7
WESTPORT PROPERTIES PAYROLL
WESTPORT PROPERTIES PAYROLL
04-10-2008
04-28-2008
APR2008
APR2008
2953 S
2963 S --
4/15 payroll
4/30 payroll --------
2709.28
3115.01 --------------
TOTAL PAID 5824.29 6781.87
20
XCEL ENERGY
04-09-2008
APR2008 ----------------
2952 S -----------------
-----
042208
--------------
1456.47
--------------
TOTAL PAID 1456.47 8238.34
34
HOME DEPOT CREDIT SERV-MOUND
04-09-2008
APR2008
2943 S
041408
320.26 -----------
--
--- TOTAL PAID 320.26 8558.60
36
36
STS FLOORING INC
STS FLOORING INC
c~Q ~~-~-
04-22-2008
04-22-2008
APR2008
APR2008 -------------
2962 S
2962 S -------------------
----
54412
54413
-------------
115.38
1144.56
--------------
TOTAL PAID 1259.94 9818.54
40
40
40
40
HOME DEPOT SUPPLX
HOME DEPOT SUPPLY
HOMB DEPOT SUPPLY
HOME DEPOT SUPPLY
04-09-2008
04-09-2D08
04-09-2008
04-09-2008
APR2008
APR2008
APR2008
APR2008
2944 S
2949 S
2944 9
2944 S
42570979
42858271
42861701A
42861701B ----
143.92
22.33
285.64
6,70 -------------
---
-- TOTAL PAID 458.59 10277.13
54
RENTAL RESEARCH SERVICES, INC
.04-09-2008
APR2008 --------------
2999 5 --------------------
--
033108
--------------
49.00
-------------
---- TOTAL PAID 49.00 10326.13
56
56
CenterPoint Energy
CenterPoint Energy
04-11-2008
04-11-2008 -
APR2008
APR2008 ----------------
2959 S
2954 S -----------
------------
04 18
041808
-------------
1407.00
597.34
-------------
TOTAL PAID 2009.34 12330.47
Minnesota Multi Housing Aaeoc
04-09-2006
APR2008
2947 S ----
7 --------------
177.00 -----
-------
_'~O_
1
INDIAN KNOLL MANOR PAID INVOICES SORTED HY VENDOR
2020 COMMERCE BLVD FROM April 1, 2008 THROUGH April 30, 2008
!70UND, MN 55364 May 15, 2008
PAGE: 2
Jc..vOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
VIJMBER NAME DATE DATE NUMBER S NUMBER AMOUNT TOTAL
----------------------------------------------------------------------------------------------------------------------------------
62 Minnesota Multi Housing Aseoc D4-09-2008 APR2008 2947 S 85066 25.00
TOTAL PAID 202 .D0 12532.47
87 Office Depot 04-09-2006 APR2008 2948 S 423342934 83.07
TOTAL PAID 83.07 12615.54
92 CULLIGAN 04-09-2008 APR200B 2990 S 101X19364002 151.18
TOTAL PAZD 151.18 12766.72
99 MINNESOTA ELEVATOR INC 04-09-2008 APR2008 2945 S 136470 2D9.81
TOTAL PAID 209.81 12976.53
101 C NABER and ASSOCIATES 04-09-2008 APR2008 2938 S 42241 103.00
101 C NABER and ASSOCIATES O4-09-2008 APR2006 2938 S 42475 100.00
TOTAL PAID 203.00 13179.53
2 MOUND TRUE VALUE HARDWARE 04-22-2008 APR2008 2960 6 044886 16.77
102 MOUND TRUE VALUE HARDWARH 04-22-2008 APR2008 2960 S 044906 23.97
102 MOUND TRUE VALUE HARDWARE 04-22-2008 APR2008 2960 S 044922 20.99
102 MOUND TRUE VALUE HARDWARE 04-22-2008 APR2008 2960 3 044947 36.30
102 MOUND TRUE VALUE HARDWARE 04-22-2008 APR2008 2960 S 044949 21.28
102 MOUND TRUE VALUE HARDWARE 04-22-2008 APR2008 2960 S 045228 10.36
102 MOUND TRUE VALUE HARDWARE 04-22-2006 APR2008 2960 S 045262 46.97
102 MOUND TRUE VALUE HARDWARE 04-22-2008 APR2008 2960 S 045456 14.13
102 MOUND TRUE VALUE HARDWARE 04-22-2008 APR2008 2960 S 045479 24.28
TOTAL PAID 215.05 13394.58
---------------------------------------------------------------------------------------------------------------------------------
104 CITY OF MOUND 04-09-2008 APR2008 2939 S 041508 1349.33
104 CITY OF MOUND 04-22-2008 APR2008 2956 S 051508 1369.08
TOTAL PAID 2738.41 16132.99
---------------------------------------------------------------------------------------------------------------------------------
125 IKON FINANCIAL SERVICE - LEASE04-22-2008 APR2008 2959 S 76001223 138.65
TOTAL PAID 138.65 16271.64
---------------------------------------------------------------------------------------------------------------------------------
129 Electro Watchman, Inc 04-09-2008 APR2008 2942 S 82312 150.00
TOTAL PAID 150.00 16421.64
-~~-