Loading...
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 00 N CN m c N h o0 D\ M 00 ci h �t CY [� O ^' M h O 00 O lO rf M cr �o O vi O �' •--� •-: C"'1 O .-i M 01 et 00 N N t� CD ,M u U h 00 A n oo N h N oo O h 7 O O 7 N O V OO M Q .-� N �-+ •-+ NN N N N N M M ch 'n 'T M N N Q 00 C�f�1 tN+'1 0 0 0 0 0 O 0 0 0 10 kn N cs % �D O b W Vl O t— N In O� et O O\ v� CT d' h .-� �O t` N N N O fV et O �c O vi vt N� O O O O O O O N N N N N N N M M M M M M M M M M M M M 7 N d � d k W MCT h N O1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 M CT moi' O 0 0 0 0 0 0 0 0 0 CD 0 0 0 0(D 0 CD O kn M ,-- N N t` 'n n vq 'n n in Cn Vi In vi n n Wn Wn 9 N N — — .--" .-+. .-: .-. .--.-: — .-, .-.-: ,--— .--.-, M M w y b OO 1=1:1 M W 00 M �D d' 00 .-• •-• •-' C G A M r � N N •--� .-. � O � N C(T h O v� V;, W b 00 .111M W kn Vn O Cl) O o0 O N rl �1 M N O y O kn 'n n C cr M M N O O Cl 00 h �O V7 et M fl0 00 O Cc,) HQ ►r " 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 Ca C C C C C 0 O c 0 C C C O a O vi CC> O vi n O O v 0 0 0 O L-) 0 0 0 'n � r4 h O, O r. V't �D h 00 00 O� O 'n 'n [- oo CT O 3 N >'+ ooN O1 N CT CT 'n M M M M M M M 0 0 0 0 0 b O kn kn kn kn vt kn v) 0 0 0 0 0 0 0 0 0 It y h v1 �D h M DO 00 00 00 00 00 OO 0 0 0 0 0 0 0 0 0 O C O O M CT w p„ O� O r- t- t'h N N N N N t-- O O O CD O O h h h h N N N OO 00 00 N N �O O In kn iD �O 00 w M 'b • C u �o Ha o D A U 1 1 1 , i , 1 , , I , 1 t , , , , , , , , i y W O H � M M M M M M �n O O vi 'n 'n v) v� v'i �n 'n vt c U h ±• o y N Ch 00 00 00 00 00 00 00 00 00 w �trr"h�r'ttt p A y b C w W r3 C3 %p 00 N O cY N kO N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 V' O v"> 10 0 Cl 0 0 0 0 0 0 0 Cl 0 0 0 Cl 0 C. .It-, , p .N h h ..-• �O CT eY ClC C 0 C C C C C C C C C 0 0 0 0 O 7 y C O� CT t� CT 0 0 0 0 0 0 0 CD 0 0 0 C:) 0 0 0 0 M M M h h O O �1 'n O O ,n 'n 'O 'D h h 00 00 N N DD 0 N N N N N N N N N u I CT o0 Cl 0 0 0 p `r cY It 0 0 0 0 0 0 0 0 0 0 CM C:. -'T C C C 0 0 0 0 C C CD O O vj to vi Ln vn OIn O h t- h N 0p a) Q > O A a .h- .h- N N NN — — O o w ss 0 C>SIM� bb O 'n 00 a et r7' tel' cr d' � 0000 00C N N O1 M q0 O Cr oO h �c ON �O .� b - Oto v. O vi O r 0 �D O 00 M Z A C CC C U to 00 N kn h �O o0 O h eY 0 7 •-+ •--� N N N N N M M et 'n �Y M N N N U U � 3 L" H rn O inw d d tY] O � % •� O O •-+ N M S 'n � h Cro O� O N M et v1 �D h oo O O ''-' O �* NN N N N N N N N N CM M U M .-+ 0 0 Cl 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o a 7 0 p -%- H •-+ N M