2005-09-27PLEASE TURN OFF AT CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
AGENDA
o
Page
o
Open meeting
Action approving agenda, with any amendments
3. Action approving minutes: September 13, 2005 1-2
Action appointing tenant representative from Indian Knoll Manor
5. Report by Westport Properties on Indian Knoll Manor, with any 3-12
necessary action
Adjourn
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
SEPTEMBER 13, 2005
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in regular session on Tuesday, September 13, 2005, at 7:20 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, City
Clerk Bonnie Ritter, Community Development Director Sarah Smith, Erin Pinegar.
1. Open Meeting
Chairperson Meisel called the meeting to order at 7:20 p.m.
2. Approve Agenda
MOTION by Brown, seconded by Specht to approve the agenda. All voted in favor.
Motion carried.
3. Approve Minutes
MOTION by Beise, seconded by Brown to approve the minutes of August 23, 2005.
The following voted in the affirmative: Meisel, Brown, Beise, and Specht. The following
voted against: None. Osmek abstained from voting because he did not attend the
August 23rd meeting. Motion carried.
4. Action on Resolution Making a Selection Not to Waive the Statutory Tort Limits
for Liability Insurance Purposes.
MOTION by Specht, seconded by Osmek to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 05-10H: RESOLUTION MAKING A SELECTION NOT TO WAIVE
THE STATUTORY TORT LIMITS FOR LIABILITY INSURANCE PURPOSES
5. Action on Resolution Establishing the Tax Levy for the Mound Housin.q and
Redevelopment Authority for the Year 2006.
MOTION by Beise, seconded by Specht to adopt the following resolution. Brown and
Osmek expressed having a problem with maxing the HRA levy, and feel that it could be
reduced from the proposed amount. Businaro explained that this money is to cover the
soft costs for the parking deck, as well as fund relocation for businesses in the proposed
redevelopment. The following voted in the affirmative: Beise, Specht and Meisel. The
following voted against: Brown and Osmek. Motion carried.
RESOLUTION NO. 05-11H: RESOLUTION ESTABLISHING THE TAX LEVY FOR
THE MOUND HOUSING AND REDEVELOPMENT AUTHORITY FOR THE YEAR
2006.
HRA Minutes- September 13, 2005
6. Adjourn
MOTION by Osmek, seconded by Beise to adjourn at 7:26 p.m.
Motion carried.
All voted in favor.
Chair Pat Meisel
Attest: Bonnie Ritter, City Clerk
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MOUND HRA
INDIAN KNOLL APARTMENT5
PROPERTY MANAGER'5 MONTHLY REPORT
September ZT, ZOO§
Manager's Agenda
· August Bank Statement
· ~Tuly ]]ncome Statement
· I~eview of bills paid
Managers Report
ADA unit remodeling to start
Vacancy update
P. ep~yment of SZO,O00 for root: repair
· Resident Council Report
-3-
Mound. MN Public Housin_a
2020 Commerce Boulevard
Mound. MN 55364
As OF
July 31. 2005
BALANCE SHEET
ASSETS
111101 -
111700-
112200-
112900-
116200-
121100-
140002-
140003-
140005-
140007-
140008-
140009-
140016-
140017-
140055-
140095-
1506O0-
Cash General Fund
Petty Cash
Tenants Accounts Receivable
City of Mound
General Fund Investments
Prep'aid Insurance
Development Cost
Development Cost Contra
Accumlated Depreciation
Buildings
Furniture,Equipment, Machines-Dwelling
Fumiture, Equipment, Machines-Admin
Land Improvements
Building improvements
Mod Cost Complete
Mod Cost Uncomplete
Mod Cost Uncomplete Contra
TOTAL ASSETS
6,389.36
100.00
(158.00)
910.11
11,509.58
2,023.22
1,505,904.64
(2,107,638.55)
(1,776,855.74)
1,642,970.53
33,551.61
17,493.01
11,108.20
565,942.47
601,733.91
96,189.08
(23,124.08)
588.049.35
SURPLUS AND LIABILITIES
211400 - Tenants Secudty Deposits
211410 - Tenants Pet Deposits
211499 - Secudty Deposit Interest
212900 - Notes Pay Levy Fund
213700 - Payment in Lieu of Taxes
213701 - PILOT Current Year
280200 - HUD PHA Contribution
280600 - Retained Eamings
Current Year Net Activity
TOTAL SURPLUS AND LIABILITIES
(8,005.00)
(2,700.00)
(613.14)
(70,000.00)
(526.23)
(2,624.93)
(308,629.59)
(174,117.62)
(20,832.84}
f588.049.351
Mound, MN Public Housin_cl
2020 Commerce Boulevard
Mound, MN 55364
As Of
July 31, 2005
Statement of Operating Receipts & Expenditures
311000 - Dwelling Rental
Total Rental Income
361000- Investment Interest/General Funds
369000 - Other Income
802000 - Operating Subsidy
Total Other Operating Receipts
Total Receipts
Expenses
411200 - Manager Payroll
413000- Legal Expense
414000 - Staff Training
41500(~ - 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
442000- Matedals
443000 - Contract Costs
448000 - Protective Services
Total Maintenance Expense
YTD Over
Current YTD Prorated (Under)
Activit7 Balance BudRet Budget
(10,286.65) (103,223.37) (107,158.30)
(10,286.65) (103,223.37) (107,158.30)
(2.71) (17.26) (333.30)
(610.25) (-3,530.40) (2,300.00)
(6,045.50) (60,454.90) (60i455.00)
(6,658.46) (64;002.56) (63,088.30)
(16,945.11 ) (167,225.93) (170,246.60)
3,328.00 30,857.45 32,708.30
0.00 0.00 583.30
0.00 0.00 1,166.70
0.00 160.66 666.70
150.92 2,916.20 2,958.30
0.00 7,000.00 4,583.30
1,909.66 13,766.10 17,566.70
1,700.00 8,500.00 0.00
7,088.58 63,200.41 60,233.30
0.00 0.00 1,666.70
0.00 0.00 1,666.70
(3,934.93~)
3,934.93
(316.04)
1,230.40
(0.10)
(914.26)
3~020.67
(1,850.85)
(583.30)
(1,166.70)
(506.04)
(42.10)
2,416.70
(3,8oo.6o)
8,500.00
2,967.11
(1,666.70)
(1,666.70)
0.00 1,110.56 3,333.30 (2,222.74)
1,381.85 10,057.24 14,750.00 (4,692.78)
2,267.91 24,380.88 15,750.00 8,630.88
195.53 11,016.47 8,666.70 2,349.77
904.73 4,159.61 4,500.00 (340.39)
4~750.02 50,724.76 47~000.00 3~724.76
3,175.25 35,085.50 41,566.70 (6,481.20)
158.87 5,503.89 6,666.70 (1,162.81)
1,226.66 7,595.26 5,600.00 1,995.26
0.00 253.49 583.30 (329.81)
4,560.78 48~438.14 54~416.70 (5~978.56)
2
Mound. MN Public Housin¢i
2020 Commerce Boulevard
Mound, MN 55364
As Of
JuN 31, 2005
Statement of Operating Receipts & Expenditures
451000- Insurance
452000- Pmts In Lieu Of Taxes
454000 - Employee Benefit Contributions
457000- Collection Loss
Total General. Expense
YTD Over
Current YTD Prorated (Under)
Activity Balance Budget Budaet
1,013.98 9,530.88 8,683.30 847.58
276.83 2,624.93 6,016.70 (3,391.77)
975.49 12,514.28 9,850.00 2,664.28
21.29 794.34 0.00 794.34
2;287.59 25~464.43 24,550.00
914.43
Total Routine.Expense
601000 - Prior Year Adjustments-Cash
Total Nonroutine Expense
Total Expense
18~686.97 187~827.74 187~866.70 (38.96)
0.00 1,361.30 0.00 1,361.30
0.00
8,686.97
1~361.30 0.00
.189,189.04 187~866.70
1 ~361.30
1,322.34
Summary Statement
August 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
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $483,928.12 $0.00 $0.00 $~,,286.16 $484,584.72 $485,214.28
Ending 12/31/05 $417,708.28 $60,000.00 $0.00 $7,506.00 $432,909.51 $485,214.28
Account Number:. MN-01-0258-2002 Account Name: MOUND HUD
Beginning Contributions Withdrawals Income Average Daily Month End
Balance Earned Balance Balance
This Month $11,725.81 $0.00 $0.00 $31.14 · $11,741.70 $11,756.95
Fiscal YTD
Ending 12/31/05 $11,$56.051 $0.00 $0.00 $200.90 $11,648.05 $11,756.95
Total of all accounts
Beginning Contributions Withdrawals Income Average Daily MOnth End
B~!ance Earned Balance Balance
This Month $495,653.93 $0.00 $0.00 $1,317.30 $496,326.42 $496,971.23
Fiscal YTD
Ending $429,264.33 $60,000.00 $0.00 $7,706.90 $4~A,557.56 $496,971.23
August 2005
Page: 1
-7-
Statement
August 2005
For more information, call MBIA Asset Management at (800)395-5505
Fax: (800)765-7600
Mound Housing and Redevelopment Authority
Account Number: MN-01-0258-200!
Account Name: GENERAL FUND
Date Description Contributions and Withdrawals Balance Transaction
Income Earned Number
08/0'].105 Beginning 3Balance $483,928.12
Income Earned for the month $1,286.16
08/31/05 Endiag Balance $485,214.28
Summary
Beginning Balance
Contributions
Withdrawals
Income Earned
Month End Balance
Average Daily Rates
Average Annualized Yield
August 2005
$483,928.12
$0.00
$0.00
$1,286.16
$485,214.28
3.13%
3.17%
Fisca~ YTD Ending
$417,708.28
$60,000.00
$7,506.00
$485,214.28
2.59%
2.62%
August 2005
Page: 2
-8- .
Statement
August 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 HUD
Date Description Contributions and Withdrawals Balance Transaction
Income Earned Number
08/01/05 Beginning Balance $11,725.81
Iacome Earned for the month $31.14
08/31/05 Ending Balance $21,756.95
Summary
August 2005
Beginning Balance
Contributions
WithdrawalS
Income Earned
Month End Balance
Average Daily Rates
Average .AnnnaliTed Yield
$11,725.81
$0.00
$0.00
$31.14
$11,756.95
3.13%
3.17%
Fiscal YTD Ending (12/31/05)
$11,556.05
$o.oo
$0.00
$200.90
$11,756.95
2.59%
2.62%
August 2005 Page: 3
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID INVOICES SORTE~ BY VENDOR
FROM August 1, 2005 TFXROUGH August 31, 2005
September 20, 2005
PAGE:
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
NUMBER NAME DATE DATE NUMBER $ NT~MBER Ama40UNT TOTAL
3 PROGRAMMED MANAGEMENT CORP 08-02-2005 AUG2005
2029 S 70325699 47.92
TOTAL PAID 47.92 47.92
4 PARK SUPPLY INC 08-02-2005 AUG2005 2028 S 62563600 38.31
4 PAR/( SUPPLY INC 08-02-2005 AUG2005 2028 $ 62563601 49.87
TOTAL PAID 88.18 136.10
6 WESTPORT PROPERTIES INC 08-02-2005 AUG2005 2030 S 07/05 POSTAGE 18.67
6 WESTPORT PROPERTIES INC 08-02-2005 AUG2005 2030 S AUG RECURRING CHG 30.00
TOTAL PAID 48.67 184.77
7 WESTPORT PROPERTIES PAYROLL 08-12-2005 AUG2005 2036 S 08/15/05 PAY 3854.30
7 WESTPORT PROPERTIES PAYROLL 08-29-2005 AUG2005 2049 S 08/31/05 PAYROLL 3630.81
TOTAL PAID 7485.11 7669.88
14 VALSPAR PAINT 08-22-2005 AUG2005 2046 S 2885654 210.02
TOTAL PAID 210.02 7879.90
20 XCEL E~RGY 08-08-2005 AUG2005 2035 S 51-6383341-8 JUL 1969.05
TOTAL PAID 1969.05 9848.95
34 HOME DEPOT CREDIT SERV-MOUND 08-08-2005 AUG2005 2032 S 1020657 66.59
TOTAL PAID 66..59 9915.54
40 HOME DEPOT SUPPLY 08-22-2005 AUG2005 2040 S 3026601 28.90
40 HOME DEPOT SUPPLY 08-22-2005 AUG2005 2040 S 30252543A 50.00
40 HOME DEPOT SUPPLY 08-22-2005 AUG2005 2040 S 30252543B 30.83
TOTAL PAID 109.73 10025.27
54 RENTAL RESEARCH SERVICES, INC.08-22-2005 AUG2005 2044 S JUL Y87232 3.00
TOTAL PAID .3.00 10028.27
56 CenterPoing Energy 08-08-2005 AUG2005 2031 S 060016021800 ~ 482.68
TOTAL PAID 482.68 10510.95
-10-
I~TDIAN KNOLL MANOR
2020 C0~94ERCE BLVD
MOUND, MN 55364
VENDOR VENDOR
N-GMBER NAME
PAID II'VOICES SORTED BY VENDOR
FROM August 1, 2005 THROUGH August 31, 2005
September 20, 2005
PAGE: 2
CHECK ACCTG CHECK M INVOICE INVOICE CUMULATIVE
DATE DATE NUMBER S NUMBER AMOUlgT TOTAL
78 DREAM KARE INC 08-02-2005 AUG2005 2024 S 2294 340.80
TOTAL PAID 340.80 10851.75
87 Office Depot 08-22-2005 AUG2005 2043 S 299856754 82.43
87 Office Depot 08-29-2005 AUG2005 2055 S 301837691-001 61.59
TOTAL PAID 144.02 10995.77
........................................ = .........................................................................................
90 ALLIED WASTE SERVICES 08-29-2005 AUG2005 2050 S 0894-000146095 461.98
TOTAL PAID 461.98 11457.75
95 B SYLVESTER, LLC 08-22-2005 AUG2005 2038 S JULY SERVICE 62.00
TOTAL PAID 62.00 11519.75
99 MIITNESOTA ELEVATOR INC 08-22-2005 AUG2005 2041 S 78410 181.29
TOTAL PAID 181.29 11701.04
100 FRONTIER 08-29-2005 AUG2005 2053 S 9524725078 AUG05 436.53
100 FRONTIER 08-02-2005 AUG2005 2025 S 9524725078716712AUG 433.77
TOTAL PAID 870.30 12571.34
101 C NABER and ASSOCIATES 08-22-2005 AUG2005 2039 S 32579 103.00
TOTAL PAID 103 . 00 12674 . 34
102 MOUND TRUE VAJ~UE HARDWARE 08-22-2005 AUG2005 2047 S 09921 6.69
TOTAL PAID 6.69 12681.03
103 ADAMS PEST CONTROL INC 08-22-2005 AUG2005 2037 S 223383 59.68
104 CITY OF MOUlqD 08-29-2005 AUG2005 2051 S
104 CITY OF MOUlgD 08-02-2005 AUG2005 2022 S
TOTAL PAID 59.68 12740.71
94-42343015018 AUG 1247.92
94-42343015018 JUL 1106.39
TOTAL PAID 2354.31 15095.02
-11-
INDIAN KNOLL MANOR
2020 COMMERCE BLVD
MOUND, MN 55364
PAID IN-VOICES SORTED BY VENDOR
FROM AUgust 1, 2005 THROUGH August 31, 2005
September 20, 2005
PAGE: 3
VENDOR VENDOR CHECK ACCTG CHECK M INVOICE IN-VOICE CUMULATI!rE
N-UMBER NAME DATE DATE NUMBER S ~ER AMOUNT TOTAL
105 IKON OFFICE SOLUTIONS 08-02-2005 AUG2005 2027 S 23798302 52.27
105 IKON OFFICE SOLUTIONS 08-29-2005 AUG2005 2054 S 23834202 52.27
TOTAL PAID 104.54 15199.56
107 The Laker 08-22-2005 AUG2005 2045 S 5657 JUL 79.00
TOTAL PAID 79.00 15278.56
111 Cingular/AT&T Wireless 08-02-2005 AUG2005 2023 S 612-309-1305 JUL05 50.85
TOTAL PAID 50.85 15329.41
125 IKON FINANCIAL SERVICE ~ LEASE08-08-2005 AUG2005 2033 S 66181047 133.13
TOTAL PAID 133.13 15462.54
129 Electro Watchman, Inc 08-29-2005 AUG2005 2052 S 34331 150.00
TOTAL PAID 150.00 15612.54
137 Karen Rondeau 00-00-0000 SEP2004 1691 S 2020/311 RET S/D 383.28
TOTAL PAID 383.28 15995~82
445 STAR TRIBUNE 08-08-2005 AUG2005 2034 S 029485514 jul05 502.40
TOTAL PAID 502.40 16498.22
90003 DJs DRAPERIES 08-25-2005 AUG2005 2048 S 2ND HALF FUI{NITURE 2699.84
TOTAL PAID 2699.84 19198.06
90005 HSBC BUSINESS SOLUTIONS 08-02-2005 AUG2005 2026 S 302417205091618 13.28
90005 HSBC BUSINESS SOLUTIONS 08-02-2005 AUG2005 2026 S 302417905068531 15.39
90005 HSBC BUSINESS SOLUTIONS 08-02-2005 AUG2005 2026 S 302418005103263 41.11
90005 HSBC BUSINESS SOLUTIONS 08-02-2005 AUG2005 2026 S 302418705096219 51.91
TOTAL PAID 121.69 19319.75
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