2015-08-25 HRA Agenda PacketPLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
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MOUND HOUSING & REDEVELOPMENT AUTHORITY
REGULAR MEETING
TUESDAY, AUG 25, 2015 6:55 P.M.
MOUND CITY COUNCIL CHAMBERS
Page
1. Open the meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: Aug 11, 2015 regular meeting 1
4. Action approving payment of claims 2-5
5. Action on Resolution Authorizing the Levy of a Special Benefit 6
Levy Pursuant to Minnesota Statutes, Section 469.033, Subdivision
6, and Approval of a Budget for Fiscal Year 2016
6. Action on Resolution Authorizing Calling Prior Bonds 7-9
7. Adjourn
EXHIBIT A
NOTICE OF CALL FOR REDEMPTION
$2,965,000 LIMITED TAX PLEDGE BONDS (MOUND TRANSIT CENTER) SERIES 2006
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND,
MINNESOTA,
HENNEPIN COUNTY, MINNESOTA
NOTICE IS HEREBY GIVEN that by order of the Board of Commissioners of the Housing and
Redevelopment Authority in and for the City of Mound, Minnesota, Hennepin County,
Minnesota (the "HRA"), there have been called for redemption and prepayment on
September 16, 2015
those outstanding bonds of the HRA designated $2,965,000 Limited Tax Pledge Bonds (Mound
Transit Center), Series 2006, dated as of December 28, 2006, having stated maturity dates or
subject to mandatory redemption in the years 2016 through 2036, inclusive, and totaling
$2,625,000 in principal amount and having CUSIP numbers listed below:
Year CUSIP Number*
2017 620545 AB 1
2024 620545 AC9
2031 620545 AD7
2036 620545 AE5
The bonds are being called at a price of par plus accrued interest to September 16, 2015, on
which date all interest on said bonds will cease to accrue. Holders of the bonds hereby called for
redemption are requested to present their bonds for payment, at the office of the Bond Trust
Services Corporation, 3060 Centre Pointe Drive, Roseville, Minnesota 55113.
Dated: August 25, 2015. BY ORDER OF THE BOARD OF COMMISSIONERS,
HOUSING AND REDEVELOPMENT AUTHORITY IN
AND FOR THE CITY OF MOUND, MINNESOTA
*The HRA shall not be responsible for the selection of or use of the CUSIP numbers, nor is any
representation made as to their correctness indicated in the notice. They are included solely for
the convenience of the holders.
W
7166229vl
STATE OF MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND,
MINNESOTA
I, the undersigned, being the duly qualified and acting Secretary of the Housing and
Redevelopment Authority in and for 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 such minutes relate to the Resolution Calling Prior Bonds.
WITNESS my hand on 2015.
Executive Director
71662290
EXTRACT OF MINUTES OF A MEETING OF THE BOARD OF
COMMISSIONERS OF THE HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF MOUND, MINNESOTA
HELD: August 25, 2015
Pursuant to due call, a regular meeting of the Board of Commissioners of the Housing
and Redevelopment Authority in and for the City of Mound, Minnesota, was duly held at the
City Hall on August 25, 2015, at 6:55 P.M.
The following members were present:
and the following were absent:
Member introduced the followinla resolution and moved its adoption:
RESOLUTION AUTHORIZING CALLING PRIOR BONDS
WHEREAS, the City of Mound, Minnesota (the "City") proposes to issue its $2,590,000
General Obligation Tax Abatement Bonds, Series 2015B (the "Bonds") to acquire the Mound
Transit Center (the "Facility") from the Housing and Redevelopment Authority in and for the
City of Mound, Minnesota (the "Authority") and in connection therewith refund the Authority's
outstanding Limited Tax Pledge Bonds (Mound Transit Center), Series 2006, dated December
28, 2006 (the "Prior Bonds").
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the
Housing and Redevelopment Authority in and for the City of Mound, Minnesota:
That the Prior Bonds which mature on and after February 1, 2016, shall be redeemed and
prepaid on September 16, 2015 (the "Call Date"), in accordance with the terms and conditions set
forth in the Notice of Call for Redemption attached as Exhibit A hereto, which terms and
conditions are hereby approved and incorporated herein by reference.
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.
-7-
7166229vt
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MOUND
RESOLUTION NO. 15- H
AUTHORIZING THE LEVY OF
A SPECIAL BENEFIT LEVY PURSUANT TO MINNESOTA STATUTES,
SECTION 469.033, SUBDIVISION 6 AND APPROVAL
OF A BUDGET FOR FISCAL YEAR 2016
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
WHEREAS, the HRA has reviewed a budget for its operations for fiscal year 2016, which
budget earmarks the special benefits levy to pay debt service for the Mound Transit Center
bonds and any other costs related to HRA administrative, operating and/or capital expenses;
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:
1. The budgets for the Mound Transit Center debt service and maintenance costs for
fiscal year 2016 are hereby in all respects approved.
2. Staff of the HRA are hereby authorized and directed to file the budget with the City in
accordance with Minnesota Statutes, Section 469.033, Subdivision 6.
3. The Board approves a special benefit levy for taxes payable in 2016 pursuant to
Minnesota Statutes, Section 469.033, Subdivision 6, in an amount not to exceed
$197,008, subject to the consent of the City Council of the City.
4. 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
2016, certify such proposed special levy with the Hennepin County Auditor by
September 15, 2015, 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 25th day of August, 2015 by the Board of Commissioners of the Housing and
Redevelopment Authority in and for the City of Mound.
Attest: Catherine Pausche, Clerk
no
Chair Mark Wegscheid
CITY OF MOUND 08/19/15 9:22 AM
Page 1
Payments
Current Period: August 2015
Batch Name 082515COMBND User Dollar Amt $4,194.40
Payments Computer Dollar Amt $4,194.40
$0.00 In Balance
Refer _ _ 2 COMMON BOND COMMUNITIES
Cash Payment E 680-49800-307 Admin/Finance/Compute ADP 401K ADMIN FEES 7-15 $6.38
Invoice 1587769 7/31/2015
Cash Payment E 680-49800-430 Miscellaneous AMERIPRIDE MT/CT UNIFORMS 7/15 $24.02
Invoice 1596964 7/31/2015
Cash Payment E 680-49800-307 Admin/Finance/Compute ADP PROCESSING FEES 7-24, 8-7, & 2Q $6.12
REPORTS
Invoice 1596962 8/14/2015
Cash Payment
E 680-49800-307 Admin/Finance/Compute
MGMT FEES 9/15
$2,265.00
Invoice 1586709
7/31/2015
Cash Payment
E 680-49800-307 Admin/Finance/Compute
BENEFITS CONSULTING 8-15
$6.62
Invoice 1600312
7/31/2015
Cash Payment
E 680-49800-331 Use of personal auto
MTCE MILEAGE 6/05/15
$31.05
Invoice 1596963
7/31/2015
Cash Payment
E 680-49800-151 Worker s Comp Insuranc
SFM WORKERS COMP 7-2015
$161.98
Invoice 1592944
7/31/2015
Cash Payment
E 680-49800-307 Admin/Finance/Compute
HAS FEES WELLS FARGO 7-15
$1.69
Invoice 1592945
7/31/2015
Transaction Date
8/19/2015 Wells Fargo HRA 10120 Total
$2,502.86
Refer
1 COMMON BOND COMMUNITIES _
Cash Payment
E 680-49800-111 Other IKM Maint
PR 8-7-15 MTCE SALARY
$948.78
Invoice 1596967
8/7/2015
Cash Payment
E 680-49800-130 Employer Paid Ins (GEN
PR 8-7-15 MTCE ER TAX
$81.73
Invoice 1596968
8/7/2015
Cash Payment
E 680-49800-130 Employer Paid Ins (GEN
PR 8-7-15 MTCE ER INSURANCE
$112.83
Invoice 1596969
8/7/2015
Cash Payment
E 680-49800-103 Part -Time Employees
PR 8-7-15 CARETAKER SALARY
$472.17
Invoice 1596965
8/7/2015
Cash Payment
E 680-49800-122 FICA
PR 8-7-15 CARETAKER ER TAX
$42.43
Invoice 1596966
8/7/2015
Cash Payment
E 680-49800-130 Employer Paid Ins (GEN
PR 8-7-15 MTCE ER401K MATCH
$33.60
Invoice 1596970
8/7/2015
_
Transaction Date
8/19/2015 Wells Fargo HRA 10120 Total
, w.
$1,691.54
Fund Summary
10120 Wells Fargo HRA
680 HRA PUBLIC
HOUSING
$4,194.40
$4,194.40
Pre -Written Check $0.00
Checks to be Generated by the Computer $4,194.40
Total $4,194.40
-5-
CITY OF MOUND
Payments
08/20/15 11:17 AM
Page 2
Current Period: August 2015
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Fund Summary
680 HRA PUBLIC HOUSING
680 HRA PUBLIC HOUSING
10100 Wells Fargo
$351.00
$351.00
10120 Wells Fargo HRA
$690.63
Pre -Written Check $0.00
Checks to be Generated by the Computer $1,041.63
Total $1,041.63
$690.63
911
CITY OF MOUND 08/20/1511:17 AM
Page 1
Payments
Current Period: August 2015
. ......,,,��„ir>,ra«,�4ba:41�vr2kixx�.,�S..�fir:�1Li..uldt�:,,, u3,au.'�aal„1,njY:�d� TRXAtS^7w.23.; `a.. dt1?n02"aTT's+'E`t,i'43";vR?��,sis"tP;iP4€S'�i1�wilaa
Batch Name 082515HRA User Dollar Amt $1,041.63
Transaction Date
Payments Computer Dollar Amt $1,041.63
Refer r
$0.00 In Balance
Invoice 126815
Refer 1 CULLIGAN-METRO
Cash Payment
Cash Payment E 680-49800-440 Other Contractual Servic 10 80LB SOLAR SALT DELIVERED 7-06-15
$166.00
Invoice 101X28018805 7/31/2015
Cash Payment
Cash Payment E 680-49800-440 Other Contractual Servic SANITIZATION PACK DELIVERED 7-06-15
$11.90
Invoice 101X28018805 7/31/2015
Cash Payment
Transaction Date 8/18/2015 Wells Fargo HRA 10120 Total
$177.90
Refer 2 CUMMINGS NPOWER, LLCµ
Invoice 127359
Cash Payment E 680-49800-440 Other Contractual Servic EMERGENCY REPAIR TO GENERATOR 7-10-
$351.00
15- IKM
Wells Fargo HRA 10120 Total
Invoice 100-32609-2 7/10/2015
Transaction Date 8/18/2015 Wells Fargo 10100 Total
$351.00
Refer 3FRONTIER/CITIZENS COMMUNICA4Pn1�ro_
Cash Payment E 680-49800-321 Telephone, Cells, & Radi PHONE SERVICE IKM 8-13-15 TO 9-12-15
$259.33
Invoice 08252015 8/13/2015
Transaction Date 8/18/2015 Wells Fargo HRA 10120 Total
�4
$259.33
Refer LEVEL ONE CORE LEASING SOLU����
Cash Payment E 680-49800-475 Tenant Related Services AUGUST 2015 CALL CENTER MTCE PLAN &
$143.00
ROLL OVER PHONE NUMBER IKM
Invoice 0534425
8/1/2015
Transaction Date
8/19/2015
Refer r
5 TRUE VALUE MOUND (IKM)
Cash Payment
E 680-49800-220 Repair/Maint Supply
Invoice 126659
7/8/2015
Cash Payment
E 680-49800-210 Operating Supplies
Invoice 126815
7/13/2015
Cash Payment
E 680-49800-210 Operating Supplies
Invoice 126913
7/16/2015
Cash Payment
E 680-49800-220 Repair/Maint Supply
Invoice 127012
7/20/2015
Cash Payment
E 680-49800-210 Operating Supplies
Invoice 127170
7/25/2015
Cash Payment
E 680-49800-220 Repair/Maint Supply
Invoice 127208
7/27/2015
Cash Payment
E 680-49800-210 Operating Supplies
Invoice 127302
7/30/2015
Cash Payment
E 680-49800-210 Operating Supplies
Invoice 127359
7/31/2015
Cash Payment
E 680-49800-220 Repair/Maint Supply
Invoice 127302
7/30/2015
Cash Payment
E 680-49800-220 Repair/Maint Supply
Invoice 127359
7/31/2015
Transaction Date
8/19/2015
Wells Fargo HRA 10120 Total
$143.00
4 QT CYC OIL, SM ENG PLUG
$7.18
MOUSE TRAPS, L & G SPK PLUG
$14.64
ROUNDUP- WEED KILLER
$11.99
WASP/HORNET KILLER -SPRAY
$9.88
60W CLEAR TORP BULBS, 13W 5 PK BE CFL
$20.27
BULBS
TAMPICO GONG BRUSH
$8.99
WASP/HORNET KILLER
$5.00
4 PK 23W SW BULBS
$12.59
PIPE INSULATION
$7,19
GORILLA GLUE, FOAM MOUNTING TAPE
$12.67
Wells Fargo HRA 10120 Total
$110.40
-3-
MOUND HRA CLAIM
8-25-15 MEETINGJ
0 1 F.1110�,A, ■01
-2-
$1,041.63
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
August 11, 2015
The Mound Housing and Redevelopment Authority in and for the City of Mound, Minnesota, met in
regular session on Tuesday, August 11, 2015, at 6:55 p.m. in the council chambers of the Centennial
Building.
Members present: Chair Mark Wegscheid, Heidi Gesch, Kelli Gillispie, Ray Salazar
Members absent: Jennifer Peterson
Others present: Kandis Hanson, Catherine Pausche, Sarah Smith, Rita Trapp, Eric Hoversten
Public Present: Katie Morford, Paul Berquist, Mark Overbye, Brooks Chandler, Tom Rockvam, Kathy
Rockvam, Karen King, Andrew Wolf.
1. Open meeting
Chair Mark Wegscheid called the meeting to order at 6:55 p.m.
2. Approve agenda
MOTION by Salazar, seconded by Gesch, 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 July 28, 2015 regular meeting.
All voted in favor. Motion carried.
4. Approve claims
MOTION by Salazar, seconded by Gesch, to approve the claims in the amount of $8,575.14. All voted
in favor. Motion carried.
5. Adiourn
MOTION by Gesch, seconded by Salazar, to adjourn at 6:58 p.m. All voted in favor. Motion carried.
Attest: Catherine Pausche. Clerk
-1-
Chair Mark Wegscheid