2012-06-26 HRA Agenda PacketPLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
AGENDA
MOUND HOUSING & REDEVELOPMENT AUTHORITY
REGULAR MEETING
TUESDAY, JUNE 26 2012 6:55 P.M.
MOUND CITY COUNCIL CHAMBERS
Page
1. Open meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: June 12, 2012 regular meeting 1
0 4. Action approving claims 2 -5
5. Action on Resolution Authorizing Termination of a Lease Agreement 6 -8
Relating to the Issuance by the City of Mound, Minnesota, of its
$5,505,000 General Obligation Refunding Bonds, Series 2012B
6. Adjourn
•
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
•
June 12, 2012
The Mound Housing and Redevelopment Authority in and for the City of Mound, Minnesota, met
in regular session on Tuesday, June 12, 2012, at 6:55 p.m. in the council chambers of city hall.
Members present: Chair Mark Hanus; Commissioners Kelli Gillispie, Ray Salazar, Heidi Gesch,
and David Osmek.
Others present: Executive Director Kandis Hanson, City Clerk Bonnie Ritter, Community
Development Director Sarah Smith,
1. Open meeting
Chair Hanus called the meeting to order at 6:55 p.m.
2. Approve agenda
MOTION by Osmek, seconded by Salazar to approve the agenda. All voted in favor. Motion
carried.
3. Approve minutes
MOTION by Salazar, seconded by Gesch to approve the minutes of the May 22, 2012. All voted
in favor. Motion carried.
4. Approve claims
MOTION by Salazar, seconded by Gesch to approve claims in the amount of $12,124.89. All
• voted in favor. Motion carried.
5. Adiourn
MOTION by Salazar, seconded by Gesch to adjourn at 6:56 p.m. All voted in favor. Motion
carried.
Chair Mark Hanus
Attest: Bonnie Ritter, City Clerk
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Mound HRA Claims as of 06 -26 -12 •
YEAR
BATCH NAME
DOLLAR
AMOUNT
2012
2012
0626HRA
0626COMBOND
TOTAL CLAIMS
$4,946.48
$4,042.60
$8,989.08 •
0
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MOUND, MN 06120/12 3:58 PM
Page 1
`\ Payments
• r ................_......_
CETY OF MOUND
Current Period: June 2012
Batch Name 0626HRA User Dollar Amt $4,946.48
Payments Computer Dollar Amt $4,946.48
$0.00 In Balance
Refer 1 FRONT/ER/CITIZENS COMMUN/CA
Cash Payment E 680 -49800 -321 Telephone & Cells PHONE SERVICE 6 -13 -12 TO 7 -12 -12 $262.69
Invoice 062612 6/13/2012
Transaction Date 6/20/2012 Wells Fargo HRA 10120 Total $262.69
Refer 2 HD SUPPLY FACILITIES MAINTEN
Cash Payment E 680 -49800 -220 Repair /Maint Supply 2 -PANEL BIFOLD DOORS, WARDROBE $195.44
DOOR,
Invoice 9115770986 6/13/2012
Transaction Date 6/20/2012
. 3
Wells Fargo HRA 10120 Total
$195.44
Refer MOUND, CITY OF
Cash Payment E 680 - 49800 -382 Water Utilities
WATER SERVICE 5 -1 -12 TO 6 -5 -12 IKM
$1,682.44
Invoice 062616 6/18/2012
Transaction Date 6/20/2012
Wells Fargo HRA 10120 Total
$1,682.44
Refer 3 MOUND, CITY OF _
Cash Payment E 680 -49800 -202 Duplicating and copying
COPIES REIMBURSEMENT JAN THRU
$6.80
MARCH 2012
• Invoice 062612 6/19/2012
Cash Payment E 680 -49800 -322 Postage
POSTAGE REIMBURSEMENT JAN THRU
$40.68
MARCH 2012
Invoice 062612 6/19/2012
Cash Payment E 680 -49800 -321 Telephone & Cells
CELL PHONE REIMBURSEMENT JAN THRU
$103.43
MARCH 2012
Invoice 062612 6/19/2012
Cash Payment E 680 -49800 -307 Admin /Finance/Compute
ADMIN FINANCE MGMT SERVICES FEE- JAN
$1,125.00
THRU MARCH 2012
Invoice 062612 6/19/2012
Transaction Date 6/20/2012
Wells Fargo HRA 10120 Total
$1,275.91
Refer 4 NS /1 MECHANICAL CONTRACTING,
Cash Payment E 680 - 49800 -440 Other Contractual Servic
PREVENTATIVE MTCE AGREEMENT 2012
$1,530.00
3RD QTR JULY THRU SEPT
Invoice C002262 6/15/2012
Transaction Date 6/20/2012
Wells Fargo HRA 10120 Total
$1,530.00
Fund Summary
10120 Wells Fargo HRA
680 HRA PUBLIC HOUSING
$
$4,946.48
Pre - Written Check $0.00
Checks to be Generated by the Computer $4,946.48
Total $4,946.48
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•
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MOUND, MN
06/21/12 1:19 PM
Page 1
Payments
CITY € F MOUND
Current
Period: June 2012
Batch Name
0626COMBOND User Dollar Amt $4,042.60
Payments Computer
Dollar Amt $4
$0.00 In Balance
Refer 31
COMMON BOND COMMUNITIES
Cash Payment
E 680 -49800 -101 F T Empl Regular
PAYROLL REIMBURSEMENT 06 -15 -12
$764.08
OFFICE SALARY
Invoice 980367
6/15/2012
Transaction Date
6/21/2012
Wells Fargo HRA 10120
Total
$764.08
Refer �32
COMMON BOND COMMUNITIES�
Cash Payment
E 680 -49800 -111 Other IKM Maint
PAYROLL REIMBURSEMENT 06 -15 -12
$755.44
MAINTENANCE SALARY
Invoice 980368
6/15/2012
Transaction Date
6121/2012
Wells Fargo HRA 10120
Total
$755.44
Refer 33
COMMON BOND COMMUNITIES
_
Cash Payment
E 680 - 49800 -122 FICA
PAYROLL REIMBURSEMENT 06 -15 -12
$77.50
OFFICE ER TAX
Invoice 980369
6/15/2012
Transaction Date
6/21/2012
Wells Fargo HRA 10120
Total
$77.50
Refer 34
COMMON BOND COMMUNITIES
Cash Payment
E 680 - 49800 -130 Employer Paid Ins
(GEN PAYROLL REIMBURSEMENT 6 -15 -12
$115.74
MAINTENANCE ER TAX & INSURANCE
•
Invoice 980370
6/15/2012
Transaction Date
6/21/2012
Wells Fargo HRA 10120
Total
$115.74
Refer 36
COMMON BOND COMMUNITIES
Cash Payment
E 680 - 49800 -121 PERA
PAYROLL REIMBURSEMENT 6 -15 -12 OFFICE
$9.10
ER 401 K MATCH
Invoice 980373
6/15/2012
Cash Payment
E 680 - 49800 -131 Employer Paid Health
PAYROLL REIMBURSEMENT 06 -15 -12
$41.59
OFFICE ER INSURANCE
Invoice 980371
6/15/2012
Transaction Date
6/21/2012
Wells Fargo HRA 10120
Total
$50.69
Refer w 37 COMMON BOND COMMUNITIES
Cash Payment
E 680 - 49800 -307 Admin /Finance /Compute MGMT FEES 07 -12
$2,265.00
Invoice 979750
6/11/2012
Transaction Date
6/21/2012
Wells Fargo HRA 10120
Total
$2,265.00
Refer 38 COMMON BOND COMMUNITIES
Cash Payment
E 680 -49800 -430 Miscellaneous
AMERIPRIDE MT /CT UNIFORMS 05 -12 #6590
$14.15
Invoice 979847
6/12/2012
Transaction Date
6/21/2012
Wells Fargo HRA 10120
Total
$14.15
•
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MOUND, MN 06/21/12 1:19 PM
Payments Page 2
CITY OF MC?I_!ND
Current Period: June 2012
Fund Summary
10120 Wells Fargo HRA
680 HRA PUBLIC HOUSING $4,042.60
$4,042.60
Pre - Written Check $0.00
Checks to be Generated by the Computer $4,042.60
Total $4,042.60
•
is
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EXTRACT OF MINUTES OF A MEETING
OF THE BOARD OF COMMISSIONERS OF THE •
HOUSING AND REDEVELOPMENT AUTHORITY OF THE
CITY OF MOUND, MINNESOTA
HELD: June 26, 2012
Pursuant to due call and notice thereof, a regular meeting of the Board of Commissioners
of the Housing and Redevelopment Authority of the City of Mound, Hennepin County,
Minnesota, was duly held at the City Hall on June 26, 2012, at6:55 o'clock P.M., for the purpose,
in part, of authorizing termination of documents relating to a refunding.
The following members were present:
and the following were absent:
Member introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING TERMINATION OF A LEASE AGREEMENT
RELATING TO THE ISSUANCE BY THE CITY OF MOUND, MINNESOTA,
OF ITS $5,505,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012B
A. WHEREAS, the City of Mound, Minnesota (the "City ") proposes to issue its
$5,505,000 General Obligation Refunding Bonds, Series 2012B (the "Bonds ") a portion of which
will be used to finance the acquisition of the Public Safety Building (the "Facility ") from the
Housing and Redevelopment Authority of the City of Mound, Minnesota (the "Authority "); and
B. WHEREAS, the proposed purchase price for the Facility is an amount equal to the
outstanding principal of and interest on the Authority's $6,860,000 original principal amount
Public Safety Building Lease Revenue Bonds, Series 2002 (City of Mound, Minnesota Lease
Obligation), dated July 1, 2002 (the "Prior Bonds ") issued pursuant to a Mortgage and Security
Agreement and Indenture of Trust between the Authority and U.S. Bank National Association, as
Trustee, dated as of July 1, 2002 (the "Indenture ").
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF MOUND,
MINNESOTA, as follows:
1. Callable Prior Bonds $4,790,000 aggregate principal amount of the Prior Bonds
which matures or is subject to mandatory redemption on and after February 1, 2013 is callable on
August 1, 2012 (the "Refunded Bonds "), the refunding of the Prior Bonds is consistent with
covenants made with the holders of the Prior Bonds, and is necessary and desirable for the
reduction of debt service cost to the City and shall be redeemed and paid in accordance with the
resolution adopted by the City on June 12, 2012.
2. Prepayment of Purchase Option Price As provided in Section 4.6 of the Lease
Agreement between the City and the Authority, dated as of July 1, 2002 (the "Lease ") to prepay •
the Purchase Option Price (as defined in the Lease), the Authority hereby determines and
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4712469v1
declares that upon the issuance of the Bonds, the Lease shall be terminated and the Authority
• shall have no further right, title or interest in and to the Facility.
The motion for the adoption of the foregoing resolution was duly seconded by member
and, after a full discussion thereof and upon a vote being taken thereon, the
following voted in favor thereof:
and the following voted against the same:
Whereupon the resolution was declared duly passed and adopted.
•
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STATE OF MINNESOTA
COUNTY OF HENNEPIN
HOUSING AND REDEVELOPMENT AUTHORITY OF MOUND
I, the undersigned, being the duly qualified and acting Secretary of the Housing and
Redevelopment Authority of the City of Mound, Minnesota, DO HEREBY CERTIFY that I have
compared the attached and foregoing extract of minutes with the original thereof on file in my
office, and that the same is a full, true and complete transcript of the minutes of a meeting of the
Board of Commissioners, duly called and held on the date therein indicated, insofar as the
minutes relate to authorizing termination of a lease and calling prior bonds.
WITNESS my hand on , 2012.
Secretary
in
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