2016-04-26 HRA Agenda PacketPLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
MOUND HOUSING : REDEVELOPMENT AUTHORITY
TUESDAY,REGULAR MEETING
APRIL r i
MOUND CITY COUNCIL
Page
1. Opening the meeting
2. Action approving agenda, with any amendments
3. Action approving payment of claims 1 - 4
4. Catherine Pausche, Director of Finance and Administrative Services, 5 - 7
requesting action on a proposal from Ehler's Financial Advisors to perform
TIF analysis
5. Catherine Pausche, Director of Finance and Administrative Services,
requesting a discussion on the Contract for Property Management Services
with Common Bond Housing
6. Adjourn
Mound • • •
YEAR BATCH NAME
2016 042616COMBNI
2016 042616HRA
TOTAL CLAIMS
m
DOLLAR
AMOUNT
$5,215.01
$3,1642.97
$8,857.98
CITY OF Illi®U® 04/19/16 2:49 PM
Page 1
Payments
Current Period: April 2016
Invoice 1739651 4/14/2016
Cash Payment
E 680-49800-131 Employer Paid Health PR 4-14-16 MGR ER INS -BENEFITS
$106.19
Invoice 1739648 4/14/2016
Batch Name
042616COMBND User Dollar
Amt $5,215.01
$28.43
Invoice 1739647
Payments Computer Dollar
Amt $5,215.01
Transaction Date 4/19/2016 Wells Fargo NRA 10120 Total
$2,017.37
Refer
$0.00 In Balance
Refer
1 COMMON BOND COMMUNITIES
_
Invoice 1736940
Cash Payment
E 680-49800-101 F T Empi Regular
PR 4-14-16 MGR SALARY
$805.63
Invoice 1739646
4/14/2016
3/31/2016
Cash Payment
E 680-49800-111 Other IKM Maint
PR 4-14-16 MTCE SALARY
$807.20
Invoice 1739650
4/14/2016
Cash Payment
E 680-49800-307 Admin/Finance/Compute WF HAS 1-16, 2-16, 2-16
Cash Payment
E 680-49800-122 FICA
PR 4-14-16 MGR ER TAX
$72.59
Invoice 1739649
4/14/2016
$151.20
Invoice 1736938
Cash Payment
E 680-49800-130 Employer Paid Ins (GEN
PR 4-14-16 MTCE ER TAX, HEALTH INS &
$197.33
$70.07
Invoice 1737252
401K
Invoice 1739651 4/14/2016
Cash Payment
E 680-49800-131 Employer Paid Health PR 4-14-16 MGR ER INS -BENEFITS
$106.19
Invoice 1739648 4/14/2016
Cash Payment
E 680-49800-121 PERA PR 4-14-16 MGR ER 401 K MATCH
$28.43
Invoice 1739647
4/14/2016
Transaction Date 4/19/2016 Wells Fargo NRA 10120 Total
$2,017.37
Refer
2 COMMON BOND COMMUNITIES
Cash Payment
E 680-49800-307 Admin/Finance/Compute BENEFITS CONSULTING 1-16
$0.00
Invoice 1736940
3/31/2016
Cash Payment
E 680-49800-307 Admin/Finance/Compute MGMT FEES MAY 2016
$2,750.00
Invoice 1736940
3/31/2016
Cash Payment
E 680-49800-321 Telephone, Cells, & Radi MGR CELL PHONE ALLOWANCE 1-16
$0.00
Invoice 1736940
3/31/2016
Cash Payment
E 680-49800-307 Admin/Finance/Compute WF HAS 1-16, 2-16, 2-16
$7.05
Invoice 1736942
3/31/2016
Cash Payment
E 680-49800-331 Use of personal auto PROPERTY MGR MILEAGE MARCH 2016
$151.20
Invoice 1736938
3/31/2016
Cash Payment
E 680-49800-307 Admin/Finance/Compute PAYROLL SOFTWARE
$70.07
Invoice 1737252
3/31/2016
Cash Payment
E 680-49800-430 Miscellaneous AMERIPRIDE UNIFORMS APRIL 2016
$21.68
Invoice 1736945
3/31/2016
Cash Payment
E 680-49800-151 Worker s Comp Insuranc WORKERS COMP 1-16 & 2-16
$197.64
Invoice 1736942
3/31/2016
Transaction Date
4/19/2016 Wells Fargo HRA 10120 Total
$3,197.64
Fund Summary
10120 Wells Fargo HRA
680 HRA PUBLIC
HOUSING $5,215.01
$5,215.01
Pre -Written Checks $0.00
Checks to be Generated by the Computer $5,215.01
Total $5,215.01
in
CITY OF !MOUND 04/20/16 11:23 AM
Page 1
Payments
Current Period: April 2016
Batch Name
042616HRA User Dollar Amt $3,642.97
Payments Computer Dollar
Amt $3,642.97
$0.00 In Balance,
Refer
1 ALPHA RUG AND CARPET CLEAN/
_
Cash Payment
E 680-49800-402 Building Maintenance
WATER EXTRACTION UNIT#108 * 1ST
$435.00
FLOOR CORRIDOR, 2 INSPECTIONS, RENT
TURBO FANS & DEHUMIDIFIER
Invoice 2950
4/16/2016
Transaction Date 4/19/2016
Wells Fargo HRA 10120 Total
$435.00
Refer
N 2 BEN/EK PROPERTY SVCS INC. _
Cash Payment
E 680-49800440 Other Contractual Servic
SNOWPLOWING COMMERCIAL- IKM 2-2
$375.00
THRU 2-6
Invoice 146236
2/29/2016
Cash Payment
E 680-49800-440 Other Contractual Servic
SHOVEL SIDEWALKS- IKM 2-2 THRU 2-6 4.5
$225.00
HOURS
Invoice 146236
2/29/2016
Cash Payment
E 680-49800-440 Other Contractual Servic
SNOWPLOWING COMMERCIAL- CLEAR &
$183.00
SALT LOT IKM 2-6
Invoice 146236
2/29/2016
Cash Payment
E 680-49800-440 Other Contractual Servic
SNOWPLOWING COMMERCIAL- CLEAR &
$183.00
,t
SALT LOT IKM 1-8-16
;I Invoice 146098
1/31/2016
Cash Payment
E 680-49800-440 Other Contractual Servic
SNOWPLOWING COMMERCIAL, SALTING
$319.00
LOT & SHOVELING WALKS IKM 1-8-16
Invoice 146236
2/29/2016
Transaction Date
4/19/2016 Wells Fargo HRA 10120 Total
$1,285.00
Refer
3 FRONTIER/CITIZENS COMMUNICA _
Cash Payment
E 680-49800-321 Telephone, Cells, & Radi
PHONE SERVICE IKM 4-13-16 TO 5-12-16
$272.99
Invoice 042616
4/13/2016
Transaction Date
4/19/2016 Wells Fargo HRA 10120 Total
$272.99
Refer
4 MINNESOTA LABOR INDUSTRY (2)
Cash Payment
E 680-49800-438 Licenses and Taxes
INDIAN KNOLL MANOR BLDG 2016 ANNUAL
$100.00
ELEVATOR OPERATING PERMIT
Invoice ALR00598061 4/1/2016
Transaction Date
4/19/2016 Wells Fargo HRA 10120 Total
$100.00
Refer
6 MOUND, CITY OF _
Cash Payment
G 680-20701 Due to General Funds
HRA CHARGES- IKM COPIER EXPENSES
$186.95
2015 -
Invoice 042616
4/1/2016
Cash Payment
G 680-20701 Due to General Funds
HRA CHARGES- IKM VERIZON CELL PHONE
$374.86
EXPENSES 2015 -
Invoice 042616 4/1/2016
Cash Payment G 680-20701 Due to General Funds
Invoice 042616 4/1/2016
Cash Payment G 680-20701 Due to General Funds
Invoice 042616 4/1/2016
HRA CHARGES- IKM POSTAGE EXPENSES $104.41
2015 -
HRA CHARGES- IKM RESIDENT MTGS- $29.55
COOKIES EXPENSES 2015-
S11
CITY OF MOUND 04/20/16 11:23 AM
Page 2
Payments
Current Period: April 2016
Pre -Written Checks $0.00
Checks to be Generated by the Computer $3,642.97
Total $3,642.97
I"
Cash Payment
G 680-20701 Due to General Funds
HRA CHARGES- IKM- US MAKER BOARD
$174.84
EXPENSES 2015 -
Invoice 042616
4/1/2016
Transaction Date 4/19/2016
Wells Fargo HRA 10120 Total
$870.61
5 SHERWIN WILLIAMS COMPANY
_
_Refer
Cash Payment
E 680-49800-220 Repair/Maint Supply
2 QTS PAINT- REAC INSPECTIONS- ROCK
$33.77
GARDEN & CORDOVAN- IKM
Invoice 1059-1
1/20/2016
Cash Payment
E 680-49800-220 Repair/Maint Supply
5 QTY 5 GAL EXT WHT PAINT- IKM REAC
$228.45
Invoice 1295-1
1/2612016
Cash Payment
E 680-49800-220 Repair/Maint Supply
10 QTY 5 GAL NAVAJO WHITE PAINT- IKM
$211.83
REAC
-
Invoice 1590-5
2/3/2016
Transaction Date
4/19/2016
Wells Fargo HRA 10120 Total
$474.05
Refer
7 WILMAR-INTERLINE BRANDS, INC
_
Cash Payment
E680-49800-210 Operating Supplies
EARTHSENSE LNR LOW D 55 GAL TRASH
$142.28
BAGS- IKM
Invoice 358854743 2/15/2016
Cash Payment
E 680-49800-210 Operating Supplies
PURELL HAND SANITIZERS- IKM
$63.04
Invoice 362110660 3/21/2016
Transaction Date
4/20/2016
Wells Fargo HRA 10120 Total
$205.32
Fund Summary
10120 Wells Fargo HRA
680 HRA PUBLIC
HOUSING
$3,642.97
$3,642.97
Pre -Written Checks $0.00
Checks to be Generated by the Computer $3,642.97
Total $3,642.97
I"
April 21, 2016
From:
n
HRA Board Chair and Commissioners
Catherine Pausche, Director of Finance and Administrative Services
Re: Proposal to perform TIF 1-3 Analysis by Ehlers Financial Advisors
TIF 1-3 is comprised primarily of the Harbor District along Auditor's Road and the Lost Lake
Development. The TIF district was established in 2005 and will decertify in 2031. Tax
increment on any parcels with improvements made through 2018 will be used to repay the debt
service on the Series 2009D $4.02M "dump bonds." Although the previous developer
agreement has been terminated and no current obligations to developers exist, some new
developer may step forward with a plan to redevelop the Harbor District. In addition, the City
has authorized interfund loans with special levies being assessed to help repay the bonds and a
portion of Lost Lake slip fees being allocated as well. This was in response to the recession
when the tax increment dried up due to declining values and the cessation of redevelopment. It
should be noted that the HRA's purchase of many properties in the Harbor District moved them
to tax exempt as well.
With the build out of the remaining town homes and recovery of the residential market in
process, it is time to reevaluate where we stand in projected tax increments from this district
under various scenarios. Ehlers has submitted the attached proposal to do this analysis at a cost
not to exceed $4,000.
I request the HRA Board approve this proposal and allow Ehlers to proceed with the analysis.
The fees will be charged to the TIF project fund.
-5-
To: Catherine Pausche — Director of Finance and Administration
From: Stacie Kvilvang & Jason Aarsvold - Ehlers
Date: April 19, 2016
Subject: TIF District 1-3 TIF Analysis
You requested an estimate for Ehlers to complete an analysis of the above referenced TIF
District to:
1. Review TIF collected to date and ability to repay outstanding bonds
2. Review of parcels base tax capacity to assure the County has recorded it correctly
based upon tax exempt status (city owned), current uses, etc.
3. Prepare projections of future TIF to be generated through the term of the. District
based upon known developments either approved or currently under construction
and the impact on the ability of the City to repay the bonds; and
4. Determine how much additional development would be required by 2018 to make up
any shortfall to repay the City's interfund loans
For the above referenced items, we propose an amount not to exceed $4,000. Based on
$215 billing rate, the exercise is not exceed 18.6 hours. Please contact us at 651-697-8500
with any questions.
EHLERS
LEADERS IN PUBLIC FINANCE
----�-- Minnesota
Offices also in Wisconsin and Illinois
vonnnr.ehlers- inc, col—n
phone 651-697-8500 3060 Centre Pointe Drive
fax 651-697-8555 Roseville, MN 55113-1122
toll free 800-552-1171
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