2005-08-23PLEASE TURN OFF AT CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
AGENDA
Page
Open meeting
Action approving agenda, with any amendments
3. Action approving minutes: July 26, 2005 1
Action appointing tenant representative from Indian Knoll Manor
5. Management report on Indian Knoll Manor, with any necessary actions 2-13
Adjourn
MOUND HOUSING AND REDEVELOPMENT MEETING
JULY 26, 2005
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in regular session on Tuesday, July 26, 2005, at 7:15 p.m. in the council chambers
of city hall.
Members Present: Chairperson Pat Meisel; Commissioners Bob Brown, Mike Specht,
John Beise and David Osmek.
Others Present: City Attorney John Dean, Executive Director Kandis Hanson,
Community Development Director Sarah Smith, Cindy Reiter
1. Open Meetinq
Chairperson Meisel called the meeting to order at 7:15 p.m.
2. Approve Agenda
MOTION by Osmek, seconded by Specht to approve the agenda. All voted in favor.
Motion carried.
3. Approve Minutes
MOTION by Brown, seconded by Osmek to approve the minutes of the July 12, 2005
meeting. All voted in favor. Motion carried.
4. Appoint Tenant Representative for Indian Knoll
MOTION by Osmek, seconded by Specht to table this until the next meeting.
in favor. Motion carried.
All voted
5. Management Report on Indian Knoll Manor
Cindy Reiter presented the management report as follows
A. June Bank Statement
B. May Income Statement
C. Review of Bills paid: MOTION by Osmek, seconded by Brown to approve
payment of the June bills. All voted in favor. Motion carried.
D. Manager's Report:
(1) MOTION by Brown, seconded by Osmek to approve the 2'005-2009
Proposed Capital Fund Plan and adopt corresponding Resolution No.
05-09H. All voted in favor. Motion carried.
(2) Parking Lot Update
(3) Vacancy Update
6. Adjourn
MOTION by Brown, seconded by Specht to adjourn at 7:19 p.m.
Motion carried.
All voted in favor.
C
Attest: Bonnie Ritter, City Clerk
Chair Pat Meisel
-1-
MOUND HRA
~END]:AN KNOLL APARTMENTS
PROPERTY MANAGER'S MONTHLY REPORT
August 23, 200§
Manager's Agenda
· Zuly Bank Statement
· Sune Income Statement
· Review of bills paid
· Managers Report
· Resident Council Report
-2-
WELLS ~,.A'RGO BANt(, N.A.
NICOLLE'F MALL OFFICE
POST OFFICE BOil( B 514
MINNEAPOLIS, MN 55479
Page I of 3
448
Account Number:
Statement End Date:
Number of Enclosures:
07/31/05
28
hhi.,l,l',,,ll.,,ih,,I.i,,.IHl,,,,i, ll,,,M,,h,.ll'll-I
HOUSI,NG & R.EDEVELOPHENT, AUTHOEI:TY
SPECIA~L AC;COUNT
CZT¥ QF HOUND
FINANCE D.[RECTOR
55~[. HAYNOOD ED
HOUND: HN: 55~64-I627
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
Type
Basic Business Checking with Interest
000-0033530
Beginning Deposits/ Withdrawals/
Balance Credits Debits
16,152.01 16,04.1..21 - 19,836.43'
Ending
Balance
12,356.79
News from Wells Fargo
Basic Business Checking with Interest. 000-0033530
Housing & Redevelopment Authority
SP.ecial Account
Jun 30 Beginning Balance
Jul 31 Ending Balance
Deposits and Credits
Effective: Posted
Date Date
Transaction Detail
Jul 05 Deposit
Jul07 Deposit
Jul 07 Deposit.
Jul 15 Hud' TreaS 303 Misc p,..ay,071505 410962421860103
RMT*VV*09909'1028 ..... "hud Operating FUnd MN0740
Jul 26 Deposit -'-
Jul 31 Jul 29 Interest Payment
Withdrawals and'DebitS
Effective Posted
Date Date Transaction Detail
16.152.0!
12,356.79
Jul 26 Proof-item Listed/ncOrrectty
Amount
7,138.00
6,045~50
1,015~00
2.7t
Amount
- 72.00
Checks Paid'
CI
Check # Date Amount Check
1982 Jul 05 784.80 ~987
1984 * Jul 18 242.00 1988
· Gap in Check Sequence
Date
Amount
Jul'.25
Jul 15
Jul 13
449.70
I03.00
2;267.91
Continued on next page
-3-
Summary Statement
July 2005
For more information, call MBIA Asset Management at (800)395-5505
Fax: (800)765-7600
Mound Housing and Redevelopment Authority
Account Numbe~. MN-01-0258-2001 Account Name: GENERAL FUND
Be~nning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balanc~
This Month $422,771.99 $60,000.00 $0.00 $1',156.13 $456,246.01 $483,928.12
Fiscal YTD
Endia$12/31/05 $417,708.28 $60,000.00 $0.00 $6,219.84 $425,353.23 $483,928.12
Account Number:. MN-01-0258-2002 Account Name: MOUND HUD
Beginning Contributions Withdrawals Income Average Dally Month End
Balance Earned Balance Balanc~
This Month $11,696.14 $0.00 $0.00 $29.67 $11,711.28 $11,725.81
Fiscal ~-L~ ,.
Eadin~ 12/31/0' $11,556.05 $0.00 $0.00 $169.76 $11,634.36 $11,725.81
Total of all accounts
Beginning Contributions Withdrawals Income i Average Dally Month End
Balance Earned Balance Balance
This Month $434,468.13 $60,000.00 $0.00 $1,185.80 $467,957.29 $495,653.93
Fiscal Y!'D .
Ending $429,264.331 $60,000.00 ~ $0.00 $6,389.60 $436,987.59 $495,653.93
July 2005
Page: 1
-4-
A4BIA
Statement
July 2005
For more information, call MBIA Asset Management at (800)395-5505
Fax: (800)765-7600
Mound Housing and Redevelopment Authority
Account Number: MN-01-0258-2001
Account Name: GENERAL FUND
Date Description Contributions and Withdrawals Balance Transaction
Income Earned Number
07/01/05 Beginning Balance $422,771.99
07/15/05 Contribution $60,000.00 38967036
~qOUnd HRA Investment
Income Earned for the month $1,156.13
07/31/05 ; Ending Balance $483,928..12
Summary
Beginning Balance
Contributions
Withdrawals
Income Earned
Month End Balance
Average Daily Rates
Average Annualized Yield
July 2005
$422,771.99
$60,000.00
$0.00
$1,156.13
$483,928.12
2.98%
3.02%
Fiscal YTD Ending (12/31/05)
$417,708.28
$60,000.00
$0.00
$6,219.84
2.51%
2.54%
C
July 2005
Page: 2
-5-
Statement
July 2005
For more information, call MBIA Asset Management at (800)395-5505
Fax: (800)765-7600
Mound Housing and Redevelopment Authority
Account Number: MN-01-0258-2002
Account Name: MOUND ~
Date Description Contributions and Withdrawals Balance Transaction
Income Earned Number
07/01/05 Beginning Balance $11,696.14
Income Earned for the month $29.67
07/31/05 Ending Balance $11,725.81
Summary
July 2005
Be~io'nning Balance
Contributions
Withdrawals
Income Earned
Month End Balance
Average Daily Rates
Average Annualized Yield
$11,696.14
$0.00
$0.00
$29.67
$11,725.81.
2.98%
3.02%
Fiscal YTD Ending (12/31/05)
$11,556.05
$0.00
$0.00
$169.76
$11,7:25.81
2.51%
2.54%
July 2005
Page: 3
-6-
08tiB/2005 08:30
[]
6129290422
,t
WESTPORT PROPERTIES
PAGE 04
Mound, MN Public Housin;
2020 Commerce Boulevard
Mound. MN 55364
As OF
June 30. 2005
BALANCE SHEET
ASSETS
111101
111700
112200
112900
116200
121100
140002
140O03
140005
140007
14OO08
140009
14O016
14O0 t 7
140055
Cash General Fund
Petty Cash
Tenants Ac, counts Receivable
City of Mound
General Fund Investments
Prepaid Insurance
Development Cost
Development Cost Contra
Accumlated Depreciation
Buildings
Furniture,Equipment,Machines-Dwelling
Fumitum,Equipment,Machlnes-^dmin
Land Improvements
Building Improvements
Mod Cost Complete
140095 -.Mod Cost Uncomplete
150600 - Mod Cost Uncomplete Contra
TOTAL A~SETS
15,349.18
100.00
(483.00)
910.11
11,509.58
2,697.64
1,505,904.64
(2,107,838.5~)
(1,776,855.74)
1,642,970.53
33,551.61
17,493.01
11,108.20
565,942.47
601,733.91
88,819.23
(23,124.08)
589.988.74
SURPLUS AND LIABILITIES
211400 - Tenants Security Deposits
211410 - Tenants Pet Deposits
211499 - Security Deposit IntereSt
212900 - Notes Pay Levy Fund
213700 - Payment in Lieu of Taxes
213701,- PILOT Current Year
280200 - HUD PHA Contribution
280600 - R®talned Eamings
Current Year Net Activity
TOTAL SURPLUS AND UABlUTIES
(8,448.00)
(2,700.00)
(~44.5o)
(7o,ooo.oo)
(526.23)
(2,348.1o)
(308,629.59)
(174,117.62)
[22,574,70}
1
Mound. MN Public Housing
2020 Commerce Boulevard'
Mound. MN 55364
As Of
June 30. 2005
Statement of Operating Receipts & Expenditures
311000 - Dwelling Rental
Total Rental Income
361000 - Investment Interest/General Funds
369000 - Other Income
802000- Operaling Subsidy
Total Other Operating Receipts
Total Receipts
Expenae$
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 Servlcea Expense
431000 - Water
432000- Electricity
433000- Gas
439000 - Other Utility Ex. ese
439100 - Garbage Removal
Total Utilities Expense
441000- Maintenance Labor
442000- Materials
443000 - Contract Costs
448000 - Protective Services
Total Maintenance Expanse
YTD Over
Current YTD Prorated (Under)
Activity Balance Budget Budget
[9,835~60)... (92,936.72) ~ _ (3,505~
(9,835.60) (92,936,72) (96,442.47) 3,505.75
(2.62) (14.55) (299.97) (285.42)
(343.25) (2,920.15) (2,070.00) 850.15
(6,391.37) (57,344.10) (56,779.47) (564.63)
(16,226.97) (t50,280.112) .. (153,221.94) 2~941.12
2,829.17 27,529.45 29,437.47 (1,908.02)
0.00 0.00 524.97 (524.97)
0,00 0.00 1,050.03 (1,050.03)
O.O0 160.66 600.03 (439.37)
150.92 2,765.28 2,662.47 102.81
0.00 7,000.00 4,124.97 2,875.03
2,539.53 11,856.44 15,810.03 (3,953.59)
8~.oo __~ o.oo_
6,369.62 56,111.83 54,209.97 1,901,86
0.00 0.00 1,500.03 . (! ,500.031
0,00 0.00 1,500.03 (1,500.03)
48.44 1,110.56 2,999,97 (1,889.41)
965.67 8,675,39 13,275.00 (4,599.61)
3,046.00 22,112.97 14,175.00 7,937.97
2,418.41 10,820,94 7,800.03 3,020.91
449.39 3~254.88 4,050.00 (795.121
..6~927.91 46~974.74 42,300.00 3,61~;14
3,690.00 31,910.25 37,410.03 (5,499.78)
554.50 5,345.02 6,000.03 (855.04)
138.81 6,368.60 5,040,00 1,328.60
0.00 253.49 524.97 (271.48)
4~383.31 43~877~36 .48r975.03 ($~097.67)
88/18/2885
88:38
6129298422
WESTPORT PROPERTIES
Mound. MN Public Housing
2020 Commerce Boulevard
Mound. MN 55364
June 30, 2005
Statement of Operating Receipts & Expenditures
PAGE
83
.f
451000- Insurance
452000 - Pints In Lieu Of Taxes
454000 - Employee Benefit Contributions
457000 - Collection Loss
Total General Expense
YTD Over
Curmrtt YTD Prorated (Under)
AGtlvitv J[K[~.P.F..~ BudGet BudGet
1,062.87 8,516.90 7,814.97 701.93
145.38 2,348.10 5,415.03 (3,066.93)
977.88 11,538.79 8,865.00 2,673.79
0.00 773.05 0.00 773.05
__2,185.93 23,176.84 , . ..?.~. ,095.00
1,081,84_
Total Routine Expense
601000 - Pdor Year Adjustments-Cash
Total Nonroutine Expense
Total F, xpen~e
19t866.77 ' 169~t40.77 169,080,~3 60.74
0.00 1 r361.30 0.00 1 ;361.30
0.00 1,361.30. 0.0O ~
19t866.77 170~z02.07 _ .'169~080.03 I~422.04
INDIAN KNOLL MANOR
2020 COMMERCE BL1rD
MOUND, MN 55364
PAID INVOICES SORTED BY 'VENDOR
FROM July 1, 2005 THROUGH July 31, 2005
August 16, 2Q05
PAC
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
~ER NAME DATE DATE NUMBER S NUMBER D~MOUNT TOTAL
3 PROGRAMMED MANAGEMENT CORP 07-08-2005 JUL2005
2003 S 70325607 47.92
TOTAL PAID 47.92 47.92
6 WESTPORT PROPERTIES INC 07-08-2005 JUL2005 2005 S JUNE POSTAGE 20.96
6 WESTPORT PROPERTIES INC 07-30-2005 JUL2005 2021 S JULY MGMT FEE 850.00
6 WESTPORT PROPERTIES INC 07-08-2005 JUL2005 2005 S MGMT FEE JUNE 850.00
6 WESTPORT PROPERTIES INC 07-08-2005 0q3L2005 2005 S 07/05 RECUR CHRGE 30.00
6 WESTPORT PROPERTIES INC 07-21-2005 JUL2005 2018 S JI~NE RECURRING CHGS 30.00
.~i TOTA3~ PAID 1780.96 1828.88
7 WESTPORT PROPERTIES PAYROLL 07-26-2005 JUL2005 2020 S 07/31/05 PAY 4009.68
7 WESTPORT PROPERTIES PAYROLL 07-12-2005 JUL2005 2008 S 07/15/05 PAYROLL 3848.37
TOTAL PAID 7858.05 9686.93
20 XCEL ENERGY 07-08-2005 JI/L2005 2006 S 51-6383341-8 JUN 1381.85
TOTAL PAID 1381.85 11068.78
34 HOME DEPOT CREDIT SERV-MOUND 07-08-2005 JUL2005 1993 S 154981 28.07
34 HOME DEPOT CREDIT SERV-MOUND 07-08-2005 J~JL2005 1993 S 6130506 27.60
TOTAL PAID 55.67 11124.45
54 RENTAL RESEARCE SERVICES, INC.07-21-2005 JLrL2005 2015 S Y75484 30.00
54 RENTAL RESEARCH SERVICES, INC.07-08-2005 JUL2005 2004 S Y8232 JUNE 24.50
56 CenterPoint Energy 07-08-2005 JUL2005 1988 S 060016021800-JUN 2267.91
TOTA~ PAID 2267.91 13446.86
78 DRE~M KARE INC 07-08-2005 JUL2005 1991 S ~ SERVICE 450.53
TOTAL PAID 450.53 13897.39
87 Office Depot 07-08-2005 JUL2005 2002 S 295330052 201.62
87 Office Depot 07-08-2005 J-JL2005 2002 S 2956399988 20.80
87 Office Depot 07-08-2005 07JL2005 2002 S 272120917-001 100.50
TOTAL PAID 322.92 14220.31
-10-
INDI~ KNOLL MANOR
2020 COMMERCE BLVD
, MN 55364
VENDOR VENDOR
NUMBER NAME
PAID INVOICES SORTED BY VENDOR
FROM July 1, 2005 THROUGH July 31, 2005
August 16, 2005
PAGE: 2
CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
DATE DATE NUMBER S NUMBER A/~0UNT TOTAL
90 ALLIED WASTE SERVICES
07-21-2005 JUL2005 2009 S 0894-000141184 JUN 455.03
TOTA~L PAID 455.03 14675.34
92 CULLIGAN 07-21-2005 JUL2005 2011 S 101X15452603 JUN 195.53
TOTAL PAID 195.53 14870.87
93 Allied Waste Services 07~08-2005 JUL2005 1986 S 0894-000136208 449~70
,'~ TOTAL PAID 449.70 15320.57
95 B SYLVESTER, LLC 07-08-2005 JUL2005 2007 S JUNE SERVICE 62.00
95 B SYLVESTER, LLC 07-21-2005 JUL2005 2010 S MAY 05 SERVICES 62.00
TOTAL PAID 124.00 15444.57
98 All Seasons Landscape & Design07-08~2005 JUL2005 1984 S 3160 242.00
_O_ .................................................................................... ........ ......
99 MINNESOTA ELEVATOR INC 07-08-2005 JUL2005 1998 S 74426 181.29
99 MINNESOTA ELEVATOR INC 07-21-2005 JUL2005 2012 S 76507 181.29
TOTAL PAID 362.58 16049.15
100 FRONTIER 07-08-2005 JUL2005 1992 S 0716712 434.94
TOTAL PAID 434.94 16484.09
................................................................. = ................................................................
101 C NABER and ASSOCIATES 07-08-2005 JUL2005 1987 S 32303 103.00
TOTAL PAID 103.00 16587.09
102 MOUND TRI/E VALUE HARDWARE 07-21-2005 JUL2005 2013 S 8043 19.96
TOTAL PAID 19.96 16607.05
105 IKON OFFICE SOLUTIONS 07-08-2005 JUL2005 1996 S 23761174 52.27
107 The Laker 07-21-2005 JUL2005 2016 S
TOTAL PAID 52.27
44073 JUNE 395.75
16659.32
-11 -
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICES SORTED BYVENDOR
FROM July 1, 2005 THROUGH July 31, 2005
August 16, 20~5
PAG
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
NUMBER NAME DATE DATE NUMBER S NUMBER AMOUNT TOTAL
111 Cingular/AT&T Wireless
07-08-2005 JUL2005 1989 S 13225982 JI/NE 45.67
TOTAL PAID 45.67 17100.74
115 MN Dept of Labor & Industry 07-08-2005 JUL2005 1999 S B42 351R0633751 30.00
TOTAL PAID 30.00 17130.74
119 NEEDLES SUPPLY, INC 07-08~2005 JTJL2005 2001 S 133255 59~15
-~ TOTAL PAID 59.15 17189.89
125 IKON FINANCIAL SERVICE - LEASE07-08-2005 JUL2005 1995 S 6555671 133.13
125 IKON FINANCIAL SERVICE - LEASE07-08-2005 J-JL2005 1995 S 65854817 139.38
TOTAL PAID 272.51 17462.40
128 On Time Delivery Service 07-21-2005 JUL2005 2014 S 6349 56.70
TOTAL PAID 56.70 17519.10
137 Karen Rondeau 00-00~0000 SEP2004 1691 S 2020/311 RET S/D 383.28
C- TOTAL PAID 383.28 17902.38
315 WATER HEATERS ONLY 07-21-2005 JILL2005 2017 S 0064620-IN 80.84
* TOTAL PAID 80.84 17983.22
90003 DJs DRAPERIES 07-08-2005 JUL2005 1990 S 1ST HALF FURNITURE 2699.85
90005 HSBC BUSINESS SOLUTIONS 07-08-2005 JUL2005 1994 S 302414405091989 24.09
TOTAL PAID 24.09 20707.16
900119 MODIV ARCHITEC'/TrP~E DESIGN 07-08-2005 J-U-L2005 2000 S 36 2070.00
900119 MODIVARCHITECTURE DESIGN 07-25-2005 JUL2005 2019 S 44 2600.00
900120 KIM BRITZ 07-08-2005 J~/L2005 1997 S JUNE PETTY CASH 90.40
-12-
INDIA~ KNOLL ~%NOR
2020 COMMERCE BLVD
MOUND, MN 55364
VENDOR VENDOR
N-JMBER NAME
PAID I/~TVOICES SORTED BY VENDOR
FROM July 1, 2005 THROUGH July 31, 2005
August 16, 2005
PAGE: 4
CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
DATE DATE NUMBER S NUMBER AMOUNT TOTAL
TOTAJ5 PAID 90.40 25467.56
-13-