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HRA 12/05/2013 December 5, 2013 HRA Meeting Regular Meeting Agenda 7:00 p.m. Call to order Roll call. Action Items 1. Approval of Expenditures 2. Approval of November 7, 2013 Meeting Minutes 3. Approval of 2014 Budget 4. Approval of TIF Inter-Fund Transfers 5. Approval of Contract Extension - CEE Informational Items 1. Housing Loan Program Update Adjournment K:\HRA\Agenda Packets\2013 Agenda Packets\December 5, 2013\December-2013 Agenda Outline.docxK:\HRA\Agenda Packets\2013 Agenda Packets\December 5, 2013\December-2013 Agenda Outline.docx CITY OF FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION November 7, 2013 CALL TO ORDER: Chairperson Commers called the HRA Meeting to order at 7:00 p.m. ROLL CALL: MEMBERS PRESENT: William Holm Pat Gabel Larry Commers Stephen Eggert Gordon Backlund OTHERS PRESENT: Paul Bolin, HRA Assistant Executive Director Scott Hickok, Community Development Director Wally Wysopal, City Manager Jim Casserly, Development Consultant Darin Nelson, Finance Director/Treasurer ACTION ITEMS: 1.Approval of Expenditures MOTION by Commissioner Holm to approve the expenditures. Seconded by Commissioner Gabel. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY 2.Approval of October 3, 2013 Meeting Minutes MOTION by Commissioner Eggert to approve the minutes as presented. Seconded by Commissioner Backlund. Commissioner Gabel asked for the following corrections to be made: Page 4, fourth paragraph, second sentence should read only be issued when the project and phase is complete.. Page 4, eleventh paragraph, second sentence should read project phase Commissioner Backlund asked for the following correction to be made: Page 6, second to last paragraph, second sentence physical fiscal disparities. HRA Meeting of November 7, 2013 2 UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE MINUTES APPROVED AS AMENDED 3.Approval of Phase X Housing Replacement Program Paul Bolin , HRA Assistant Executive Director, stated that in late 2010, the Authority and Council approved an amended and restated plan for the HRP. The restated plan gave the Authority the ability to add Phases (parcels) to the program by resolution. Once a parcel is included in the district, the HRA collects tax increment for a period of 15 years. The increment is used to help cover some of the costs of the program. Mr. Bolin said that since the program originally began in 1995, the City has approved nine phases for a total of 35 properties. Under special legislation approved in April 2010, the City can designate up to 100 total parcels, inclusive of the 35 properties already in the program. Staff recommends that the Authority approve the attached resolution amending the Housing Replacement Program to include Phase X. MOTION by Commissioner Gabel to adopt a resolution to add this parcel into phase X of the HRP Program. Seconded by Commissioner Eggert. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY Commissioner Gabel asked how big the lot was. Mr. Bolin replied 50; it is a buildable lot. 4.Approval of Lot Sale 561 Lafayette Street NE MOTION by Commissioner Backlund to open the public hearing. Seconded by Commissioner Gabel. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING OPENED AT 7:09 P.M. Paul Bolin, HRA Assistant Executive Director, stated that Shermer Homes of Dayton is proposing to build a 1,232 square foot two bedroom, two bathroom rambler configured to fit on the site; provided the proposed home plans meet the HRPs criteria. Staff recommends approval of the resolution, authorizing the sale of the lot to Shermer Homes for $27,000. This provides new investment in the neighborhood and is consistent with HRP guidelines. Commissioner Gabel asked what the price of the home would be. Mr. Bolin replied in the $190,000 range. HRA Meeting of November 7, 2013 3 Commissioner Holm asked if there was a buyer for this home yet. Mr. Bolin answered no, it is a spec home. Commissioner Holm asked if this was a walkout into the back yard. Mr. Bolin answered no; the drawing shows an egress window. MOTION by Commissioner Holm to close the public hearing. Seconded by Commissioner Gabel. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING CLOSED AT 7:15 P.M. MOTION by Commissioner Backlund to approve the sale of 561 Lafayette Street to Shermer Homes for $27,000. Seconded by Commissioner Gabel. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY th 5.Approval of Lot Sale 291 57 Place MOTION by Commissioner Eggert to open the public hearing. Seconded by Commissioner Holm. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING OPENED AT 7:16 P.M. Paul Bolin , HRA Assistant Executive Director, said that Regal Homes has submitted a lot th reservation agreement to build a new home on the lot located at 291 57 Place. The builder has designed the home to compliment the other new homes on the block. Regal Homes is proposing to build a three level home with approximately 1,750 finished square feet. The home will have four bedrooms and three bathrooms. The exterior of the home will utilize a blend of maintenance free materials and will incorporate shakes and stone on the front of the home. Mr. Bolin said that the design of the home will be a nice addition to those already found in the Gateway West neighborhood. Staff recommends approval of the resolution authorizing the sale of the lot to Regal Homes for $30,000. This is new investment in the neighborhood and the proposed home design is consistent with HRP guidelines. Commissioner Gabel asked what the price of the home would be. HRA Meeting of November 7, 2013 4 Mr. Bolin replied in the $240,000 range. Commissioner Gabel noted that there has been a problem with people putting garbage in dumpsters that do. She asked if there was a city code to enforce this problem. Scott Hickok , Community Development Director, answered that there is no enforceable code and that this is something that is an issue between the builder and the people dumping. People dump anything from mattresses to furniture not a good thing but there is no ordinance. There is an ordinance to keep the property clean and that is the builder responsibility. Commissioner Gabel asked if there was a buyer for this home. Mr. Bolin answered no, it is a spec home. MOTION by Commissioner Holm to close the public hearing. Seconded by Commissioner Gabel. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING CLOSED AT 7:23 P.M. th MOTION by Commissioner Gabel to approve the sale of 291 57 Place to Regal Homes for $30,000. Seconded by Commissioner Eggert. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY 6.Review of Draft 2014 HRA Budget Darin Nelson , Finance Director, said that the preliminary budget for 2014 is broken into three areas; General Fund, HRP and TIF Districts. The General Fund covers the bulk of the administrative and overhead costs of the HRA. The Housing Loan Program Fund covers the housing related programs and services (CEE programs, etc.). The Capital Project Funds include all of the tax increment (TIF) districts. Mr. Nelson stated that the General Fund shows the city revenues from the tax levy and there was a change in legislation that allowed the tax levy to be calculated using the aftermarket value rather than taxable market value. This created an additional levy just over $31,000 for 2014. Market values are still declining a little and that is why the revenue is a little less than last year. Under the expenditures there is a decrease in insurance rates for next year by about $6,500 because the Minnesota League of Cities changed how insurance is calculated. Miscellaneous expenses includes $2,500 for fence repairs along University which in an increase because the repair costs are higher. HRA Meeting of November 7, 2013 5 Chairperson Commers asked where the Authority was at regarding the reimbursement of legal expenses when TIF is issued to developers; there are some legal expenses that should be captured. Mr. Bolin said that the developer pays a $7,500 nonrefundable fee at the start of the TIF that goes to the HRA. Chairperson Commers asked if that was reflected in the budget. Mr. Nelson said it would be up in the revenue section on the top but it is not included in here because we never know when there will be additional TIF applications coming in. Jim Casserly , Development Consultant, added that it is difficult to budget for that revenue since it is unknown who will apply for TIF. Commissioner Holm asked if the capital outlays would be going into one of these TIF districts and if it affected the cash balance in the General Fund. Mr. Nelson answered that will not affect anything within the General Fund and would be reflected in the HSS showing negative cash balance. This section is a fund balance, not a cash balance. Chairperson Commers noted that the HSS it. Mr. Nelson said that will be listed later in the report. Mr. Nelson reported that the Housing and Loan portion is pretty much the same but the remodel demonstration program portion has been removed from the budget. The Lakepoint Medtronic TIF tax levy for 2014 is reduced about $15,000 and is in line with the market values. Commissioner Holm said that this TIF has another 12 years to run and it looks like it will be in a positive flow in a short period of time. Mr. Nelson said that is correct, it will be positive and the land payment increased to 22% in the last year so it will be received at a higher rate; before it was only 11%. There is not much change in the Onan District. Commissioner Gabel asked if some of those funds should be moved to pay off others. Mr. Nelson replied yes; staff plans to transfer funds in December, before year end. Mr. Nelson reviewed the following TIF districts: University and Osborne not much change HRA Meeting of November 7, 2013 6 In District 464, Satellite, the tax levy revenue was reduced to $40,000 to reflect the actual tax levy proceeds coming in th 57 Avenue and Gateway East not much change Gateway West district the tax levy proceeds stay pretty close to what they are now; the new homes being built will be paying taxes in 2015 Main Street has a pay as you go note, the TIF increment includes 10% in administrative fees, the budget tax levy was reduced to reflect actual market values In Gateway Northeast there was a lot of activity and 2014 will reflect professional administrative fees, commission for the broker for the sale of the property, additional legal fees and other professional fees. BAE site will have professional services in the HSS district, $700,000 is going out as capital outlay in lieu of the first payment to Mr. Hyde Chairperson Commers asked if it will reflect in a note going back to the Authority; if a note was coming back into the General Funds. Mr. Casserly replied that the note is a form of security until the project is started. The Authority will collect on the note if the project isn't commenced and then the Authority would get back the grant funds. Mr. Nelson said there will be increment coming in to offset the funds going out. He said the Northstar Station includes minor professional and administrative fees associated with that district and the HRP scattered site district shows an increase of miscellaneous property that affects the revenues. The capital outlay is reduced to reflect the purchase and demolition of homes on that site. Staff will present the final budget to the Authority in December. Chairperson Commers asked for an update on the cash flow analysis for October and the beginning of January. Mr. Nelson look for a lot of change on that analysis because that is what was used to create this budget. The City Council approved the levy at the end of August; that is the final levy for the HRA and no additional steps are required for the levy. Commissioner Backlund said there is no truth and taxation in December. Mr. Nelson replied not for the HRA. 7.Approval of Interfund Loan to TIF #20 HSS Paul Bolin ,HRA Assistant Executive Director, said that in October, the Authority approved the redevelopment agreement between the Authority and Hyde Development for the BAE site. The agreement spells out the obligations of both the Authority and the developer in redeveloping the site. HRA Meeting of November 7, 2013 7 Mr. Bolin stated that a key provision in the agreement calls for the Authority to advance funds for eligible cleanup costs identified in the MPCA approved Response Action Plan. general fund. The general fund will then be repaid from the increment available in TIF Mr. Bolin said that the obligations and responsibilities of HRA and Hyde Development include HRA providing TIF Assistance and assist in obtaining grants; and Hyde Development to develop the site as proposed and clean up contamination in accordance with RAP. Staff recommends the Authority adopt this resolution, approving an interfund loan between the HRA General Fund and the Hazardous Substance Subsdistrict No. 20A. All requirements for HSS District Certification have been met, RAP was approved by MPCA and documents sent to OSA and Anoka County. Commissioner Gabel asked if the loan would be for the entire $4.5m or if the money would be loaned out as funds are needed. Jim Casserly , Development Consultant, explained that the grants to the developer are based on each phase and only certain amounts will be allocated by phase. Because there is a limited amount of funds in the General Fund and staff wanted to make sure the General Fund advances are kept within a reasonable limit. That is why this resolution indicates a maximum of $1.0m for phase one. To make the grant available, money has to be transferred from the General Fund to the HSS. The HSS will accrue tax increment to go back to the General Fund. The resolution authorizes transfers over a 10 year period. As phases and eligible expenses occur an application will be made for a grant. Commissioner Backlund asked if these numbers were consistent to the cash flow analysis that was presented. Mr. Casserly replied yes, it was drafted specifically to follow the analysis. Chairperson Commers noted that was previously approved with the development agreement. Commissioner Holm asked who needed to approve each of the grants that are issued; the HRA, Mr. Bolin or the City Manager? Mr. Casserly replied that staff would administer and report back to the Authority. For the first Authority grant there are 9 things to do. Commissioner Backlund asked if a completion of what has been done would be submitted with the request for funds so when updates are done there is a way to track what has been completed. Mr. Casserly answered that a typical construction statement will be generated when that occurs. HRA Meeting of November 7, 2013 8 Commissioner Backlund asked if any funds would be held back for final payment; like 95%. Mr. Casserly replied that this partnership may get more convoluted than that. The funds will not even pay for the final completion; this is just a portion of the funds that are needed for this project. The developer a sign off is made on the Response Action Plan. Hold backs may not work; there are three different sources of funding for this project. Chairperson Commers said that the construction statement should reflect how they are proceeding towards completion of what they are doing. Commissioner Holm asked if the payback TIF from the HSS would start in 2015. He did not see that in the language of the agreement. Mr. Casserly said that this is subject to what the County does and because of the complexity of the Response Action Plan and that the MPCA just approved this, some things are still not final. Things are getting processed as quickly as possible and it is unknown if the increment would happen in 2014 at this time. 2015 would be the earliest any increment would be received. Commissioner Holm said there is taxable increment value today. Mr. Casserly replied that is why the HSS is secure; taxes that are being paid today become tax increment to give back to the HRA. Commissioner Gabel asked if the $4.5M becomes a restricted fund for the HRA. Mr. Casserly explained that the money is coming from the General Fund which is unrestricted; like a loan. As increment is used to repay the loan it goes back to the General Fund. MOTION by Commissioner Holm to approve theInterfund Loan to TIF #20 - HSS. Seconded by Commissioner Gabel. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY INFORMATIONAL ITEMS: 1.Islands of Peace Park Plan Review Scott Hickok , Community Development Director, stated that in December of last year, the City of Fridley was awarded an LCDA TOD Pre-Development Grant from the Metropolitan Council. The purpose of the $100,000 grant is to support the development of a master plan HRA Meeting of November 7, 2013 9 for the portion of the Northstar Transit Oriented Development (TOD) Zoning District that is planned to be located in the North Transit TIF District. Mr. Hickok stated that the purpose of the master plan project is to guide future evelopers a vision of the amenities that will be in place when the area is fully developed. A completed master plan will serve as an incentive to private redevelopment since developers will be allowed to bypass the TOD master plan application process if they are redeveloping a site according to the pre-approved master plan, saving them time and money. It will also serve as a guide for how transit TIF dollars can be spent to support the transit infrastructure needs of the district. Mr. Hickok said that there has been a delay of several months getting this started because the grant agreement contains language that the funds cannot be used for regional park planning. With Islands of Peace Park being part of the Riverfront Regional Park and a key feature in the future master plan, staff had to overcome this restriction. This was accomplished by the City working cooperatively with County Parks to develop a concept plan for redevelopment of the park with City and County funds. Mr. Hickok stated that a consulta vision for the park and how it could be reconfigured and improved to make the riverside park an amenity that provides views and desirable access to trails along the river. The key function of the plan was to demonstrate to the Metropolitan Council staff that the City has no intentions of removing park land but rather to expand it and add amenities to it. Commissioner Backlund said that the school added six classrooms and one issue they had was with the storm water runoff which they added a pond for that and the other issue was access to the Islands of Peace Park. He asked if staff was working with the School District as underneath that ground until they start digging. Mr. Hickok replied that staff has attended meetings with the school. The plan is to tie the school campus to the natural environment around it. Staff will look at the park plan and consider taking access at points that are already available rather than building expensive are working closely together to manage this park and even Met Council is involved. input. Chairperson Commers asked how this corresponds to the comprehensive plan Mr. Hickok replied that all this work fits with the concept of the comprehensive plan. Staff wants to do something to make the river more visible to everyone. 2.GWNE Update Paul Bolin, HRA Assistant Executive Director, said that there will be a building demolition tomorrow and work will be completed next week. Trident has been busy since signing the letter of understanding. Over the last two months Trident has completed their survey work for the site, met with title experts, and met with private and public utilities to assist in laying HRA Meeting of November 7, 2013 10 out the development on the site. Trident is preparing to submit a Master Plan of the proposed development to the City in mid-November. 3.Housing Loan Program Update Paul Bolin, HRA Assistant Executive Director, reported there were no loans closed in October and two remodel advisor visits making a total of 7 year to date. ADJOURNMENT: MOTION by Commissioner Backlund to Adjourn. Seconded by Commissioner Gabel. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED AND THE MEETING ADJOURNED AT 8:27 P.M. Respectfully Submitted, Krista Peterson Recording Secretary COMMUNITY DEVELOPMENT DEPARTMENT HOUSING AND REDEVELOPMENT AUTHORITY Memorandum DATE: November 27, 2013 TO: Wally Wysopal, City Manager / Executive Director of HRA FROM: Darin Nelson, Finance Director Paul Bolin, Assistant Director of HRA SUBJECT: Approval of Final 2014 Budget Attached you will find an updated 2014 budget for Authority approval. The attached budget incorporates changes suggested by the Authority during their review of the preliminary budget on November 7th. The budget is divided into three separate categories. The General Fund covers the bulk of the administrative and overhead costs of the HRA. The Housing Loan Program Fund covers the housing related programs and services (CEE programs, etc.). The Capital Outlay Funds include all of the tax increment (TIF) districts. Staff recommends the Authority approve the attached budget for 2014. Fridley Housing & Redevelopment Authority 2014 Final Budget All Funds Summary BeginningEnding Fund Fund DescriptionFund BalanceRevenuesExpendituresBalance 100 - General Fund$ 8,337,750 $ 695,388$ 480,169$ 8,552,969 Special Revenue Fund 265 - Housing Loan Programs$ 3,736,235 $ 92,700$ 47,100$ 3,781,835 Capital Projects Funds 455 - Lake Pointe (1985-2025)$ (436,185)$ 712,500$ 569,420$ (293,105) 458 - Onan (1989-2015) 1,908,440 352,600 35,000 2,226,040 462 - University/Osborne (1992-2018) 200,861 61,100 6,000 255,961 463 - McGlynn (1992-2019) 37,409 40,350 4,000 73,759 464 - Satellite (1995-2023) 118,659 40,250 4,000 154,909 467 - 57th Ave (1997-2023) (24,554) 25,000 2,500 (2,054) 468 - Gateway East (2001-2028) (646,176) 27,000 2,700 (621,876) 470 - Gateway West (2005-2032) (1,226,864) 8,800 1,850 (1,219,914) 472 - Main Street (2009-2034) (18,295) 106,350 106,000 (17,945) 474 - Gateway Northeast (2017-2042) (1,457,290) - 161,000 (1,618,290) 475 - BAE -Superfund Site - - 20,000 (20,000) 476 - BAE - Hazardous Subdistrict - - 720,000 (720,000) 477 - Northstar Station - - 10,000 (10,000) 501 - Housing Replacement (1997-2024) Scattered Site (216,043) 145,700 309,500 (379,843) Total Capital Projects Funds$ (1,760,038)$ 1,519,650$ 1,951,970$ (2,192,358) Total All Funds$ 10,313,947 $ 2,307,738$ 2,479,239$ 10,142,446 Fridley Housing Redevelopment Authority Final 2014 Budget Account Description 2012 Actual 2013 Budget 2014 Budget $ Variance % Variance 100 - General Fund Beginning Fund Balance As of January 1, 2013$ 8,069,159$ 8,391,849$ 8,337,750 Revenues City Revenues Tax Levy$ 428,473$ 392,395$ 380,638$ (11,757)-3% Tax Levy - Delinquent Years 283 - - -0% 428,756 392,395 380,638 (11,757)-3% Other Miscellaneous Revenue Interest on Investment Earnings 21,946 23,500 28,500 5,00021% Rent and Royalties 9,600 9,600 9,600 -0% (Fairview - parking lot rental) Sale of Miscellaneous Property 143,324 - 140,000 140,000100% Miscellaneous Revenues (TIF Request) 183,218 - 136,650 136,650100% 358,089 33,100 314,750 281,650851% Total Revenues - General Fund 786,845 425,495 695,388 269,89363% Expenditures Salaries and Wages Full Time Employee Salary$ 72,217$ 89,295$ 90,655$ (1,360)-2% Administration Charges 201,700 205,700 209,800 (4,100)-2% (Allocation) Employee Leave 15,296 - - -0% 289,214 294,995 300,455 (5,460)-2% Benefits Medicare 1,279 1,300 1,320 (20)-2% (1.45% of Salary) Social Security 5,469 5,550 5,620 (70)-1% (6.2% of Salary) PERA Contribution 6,345 6,500 6,575 (75)-1% 7.25% of Salary) Wellness Program - 140 140 -0% Health Insurance 15,820 16,833 16,833 -0% Dental Insurance 264 265 265 -0% Life Insurance 51 51 51 -0% Workers Compensation 1,596 1,800 650 1,15064% 30,825 32,439 31,454 9853% Supplies and Materials Operating Supplies 217 2,500 2,500 -0% Purchased Services Professional Services 103,714 120,000 120,000 -0% (Krass Monroe, Ehlers, Sevenich, etc) Dues and Subscriptions 500 500 600 (100)-20% (NAHRO, AICP) Communication 394 760 760 -0% (Allocation) Transportation 47 150 150 -0% (Mileage Reimbursement) Advertising - 1,000 1,000 -0% Printing and Binding 816 750 750 -0% (Allocation) Insurance - Non Personnel 10,551 10,000 3,500 6,50065% (Allocation) Conferences/Seminars/Training 124 1,500 2,000 (500)-33% (Ehlers TIF Training) Services Contracted 8,716 12,000 12,000 -0% (Mowing Contract) Miscellaneous Other Services & Charges 794 500 2,500 (2,000)-400% 125,655 147,160 143,260 3,9003% Capital Outlay Payments to Other Governments (Solid Waste Fees) 1,549 2,500 2,500 -0% Improvements other than building (Spec Asmts - Fourmies Ave) 16,695 - - -0% 18,244 2,500 2,500 -0% Total Expenditures - General Fund 464,155 479,594 480,169 (575)0% Net Income - General Fund 322,690 (54,099) 215,219 Projected Ending Fund Balance As of December 31$ 8,391,849$ 8,337,750$ 8,552,969 K:\HRA\HRA Budgets\2014 Budget\HRA 2014 Final Budget.xlsxUnaudited Data - For Management Purposes Only Fridley Housing Redevelopment Authority Final 2014 Budget Account Description 2012 Actual 2013 Budget 2014 Budget $ Variance % Variance 265 - Housing Loan Programs Beginning Fund Balance As of January 1 (Estimated)$ 3,859,019$ 3,909,535$ 3,736,235 Revenues Other Miscellaneous Revenue Interest on Investment Earnings$ 18,138$ 22,500$ 21,400$ (1,100)-5% Interest on Mortgages 45,021 48,300 48,300 -0% (Pool 0, 1, 2) Miscellaneous Revenue 18,544 23,000 23,000 -0% (H & G Show) 81,703 93,800 92,700 (1,100)-1% Total Revenues - Housing Programs 81,703 93,800 92,700 (1,100)-1% Expenditures Purchased Services Professional Services$ 14,161$ 17,500$ 17,500$ -0% (Castle Vision - Home Show ) Advertising 5,282 6,000 6,000 -0% (Clear Channel - Home Show) Printing and Binding 364 1,100 1,100 -0% (Advantage Sign - Home Show) Utility Services 306 500 500 -0% Services Contracted 3,502 130,000 12,000 118,00091% (CEE) Charges/Rentals 7,571 9,000 10,000 (1,000)-11% (National Sports Center/Cenaiko - Home Show) Payments to other govts (Taxes on Home Remodeling) - 3,000 - 3,000100% 31,187 167,100 47,100 120,00072% Land(Puchase of home for Home Remodeling Demo Project) - 100,000 - 100,000100% Total Expenditures - Housing Programs 31,187 267,100 47,100 220,00082% Net Income - Housing Programs 50,516 (173,300) 45,600 Projected Ending Fund Balance As of December 31$ 3,909,535$ 3,736,235$ 3,781,835 455 - Lake Pointe (1985-2025) TIF # 6 Beginning Fund Balance As of January 1 (Estimated)$ (449,243) $ (445,435) $ (436,185) Revenues City Revenues Tax Levy$ 721,778$ 725,000$ 710,000$ (15,000)-2% Tax Levy - Delinquent Years (3,952) - - -0% 717,826 725,000 710,000 (15,000)-2% Other Miscellaneous Revenue Interest on Investment Earnings 3,234 2,000 2,500 50025% 3,234 2,000 2,500 50025% Total Revenues - Lake Pointe 721,060 727,000 712,500 (14,500)-2% Expenditures Purchased Services Professional Services/Administration Fees$ 71,669$ 72,500$ 71,000$ 1,5002% Services Contracted (Non-prof) 560 - - -0% 72,229 72,500 71,000 1,5002% Capital Outlay Parking Facilities 645,022 645,250 498,420 146,83023% (Medtronic Pay as you go) 645,022 645,250 498,420 146,83023% Total Expenditures - Lake Pointe 717,251 717,750 569,420 148,33021% Net Income - Lake Pointe 3,808 9,250 143,080 Projected Ending Fund Balance As of December 31$ (445,435) $ (436,185) $ (293,105) K:\HRA\HRA Budgets\2014 Budget\HRA 2014 Final Budget.xlsxUnaudited Data - For Management Purposes Only Fridley Housing Redevelopment Authority Final 2014 Budget Account Description 2012 Actual 2013 Budget 2014 Budget $ Variance % Variance 458 - Onan (1989-2015) TIF # 9 Beginning Fund Balance As of January 1 (Estimated)$ 1,270,340$ 1,593,440$ 1,908,440 Revenues City Revenues Tax Levy$ 343,278$ 350,000$ 350,000$ -0% Tax Levy - Delinquent Years 5,462 - - -0% 348,740 350,000 350,000 -0% Other Miscellaneous Revenue Interest on Investment Earnings 9,184 - 2,600 2,600100% 9,184 - 2,600 2,600100% Total Revenues - Onan 357,924 350,000 352,600 2,6001% Expenditures Purchased Services Professional Services$ 34,824$ 35,000$ 35,000$ -0% Total Expenditures - Onan 34,824 35,000 35,000 -0% Net Income - Onan 323,100 315,000 317,600 Projected Ending Fund Balance As of December 31$ 1,593,440$ 1,908,440$ 2,226,040 462 - University/Osborne (1992-2018) TIF # 11 Beginning Fund Balance As of January 1 (Estimated)$ 91,393$ 146,611$ 200,861 Revenues City Revenues Tax Levy$ 60,629$ 60,000$ 60,000$ -0% Tax Levy - Delinquent (128) - - -0% 60,501 60,000 60,000 -0% Other Miscellaneous Revenue Interest on Investment Earnings 763 250 1,100 850340% 763 250 1,100 850340% Total Revenues - University/Osborne 61,264 60,250 61,100 8501% Expenditures Purchased Services Professional Services/Administrative Fees$ 6,046$ 6,000$ 6,000$ -0% 6,046 6,000 6,000 -0% Capital Outlay Capital Outlay - Northstar Land Acquisition - - - -0% - - - -0% Total Expenditures - University/Osborne 6,046 6,000 6,000 -0% Net Income - University/Osborne 55,218 54,250 55,100 Projected Ending Fund Balance As of December 31$ 146,611$ 200,861$ 255,961 K:\HRA\HRA Budgets\2014 Budget\HRA 2014 Final Budget.xlsxUnaudited Data - For Management Purposes Only Fridley Housing Redevelopment Authority Final 2014 Budget Account Description 2012 Actual 2013 Budget 2014 Budget $ Variance % Variance 463 - McGlynn (1992-2019) TIF # 12 Beginning Fund Balance As of January 1 (Estimated)$ 9,735 $ 45,694$ 37,409 Revenues City Revenues Tax Levy$ 39,671$ 40,000$ 40,000$ -0% 39,671 40,000 40,000 -0% Other Miscellaneous Revenue Interest on Investment Earnings 255 305 350 4515% 255 305 350 4515% Total Revenues - McGlynn 39,926 40,305 40,350 450% Expenditures Purchased Services Professional Services/Administrative Fees$ 3,967$ 4,000$ 4,000$ -0% 3,967 4,000 4,000 -0% Capital Outlay Capital Outlay - - - -0% - - - -0% Total Expenditures - McGlynn 3,967 4,000 4,000 -0% Net Income - McGlynn 35,959 36,305 36,350 Projected Ending Fund Balance As of December 31$ 45,694$ 81,999$ 73,759 464 - Satellite (1995-2023) TIF # 13 Beginning Fund Balance As of January 1 (Estimated)$ 41,565$ 37,409$ 118,659 Revenues City Revenues Tax Levy$ 41,562$ 90,000$ 40,000$ (50,000)-56% Tax Levy - Delinquent Years - - - -0% Residual MV Homestead Credit - - - -0% 41,562 90,000 40,000 (50,000)-56% Other Miscellaneous Revenue Interest on Investment Earnings 318 250 250 -0% 318 250 250 -0% Total Revenues - Satellite 90,250 40,250 (50,000)-55% Expenditures Purchased Services Professional Services/Administrative Fees$ 4,156$ 9,000$ 4,000$ 5,00056% 4,156 9,000 4,000 5,00056% Capital Outlay Capital Outlay - Northstar Land Acquisition - - - -0% - - - -0% Total Expenditures - Satellite 4,156 9,000 4,000 5,00056% Net Income - Satellite (4,156) 81,250 36,250 Projected Ending Fund Balance As of December 31$ 37,409$ 118,659$ 154,909 K:\HRA\HRA Budgets\2014 Budget\HRA 2014 Final Budget.xlsxUnaudited Data - For Management Purposes Only Fridley Housing Redevelopment Authority Final 2014 Budget Account Description 2012 Actual 2013 Budget 2014 Budget $ Variance % Variance 467 - 57th Ave (1997-2023) TIF # 16 Beginning Fund Balance As of January 1 (Estimated)$ (73,257) $ (48,954) $ (24,554) Revenues City Revenues Tax Levy$ 26,878$ 27,000$ 25,000$ (2,000)-7% Tax Levy - Delinquent Years (74) - - -0% 26,804 27,000 25,000 (2,000)-7% Other Miscellaneous Revenue Interest on Investment Earnings 177 100 - (100)-100% 177 100 - (100)-100% Total Revenues - 57th Ave 26,982 27,100 25,000 (2,100)-8% Expenditures Purchased Services Professional Services/Administrative Fees$ 2,678$ 2,700$ 2,500$ 2007% 2,678 2,700 2,500 2007% Capital Outlay Capital Outlay - - - -0% (Linn Pay as you go) - - - -0% Total Expenditures - 57th Ave 2,678 2,700 2,500 2007% Net Income - 57th Ave 24,303 24,400 22,500 Projected Ending Fund Balance As of December 31$ (48,954) $ (24,554) $ (2,054) 468 - Gateway East (2001-2028) TIF # 17 Beginning Fund Balance As of January 1 (Estimated)$ (698,962) $ (673,559) $ (646,176) Revenues City Revenues Tax Levy$ 28,090$ 30,000$ 27,000$ (3,000)-10% Tax Levy - Delinquent Years - - - -0% Residual MV Homestead Credit - - - -0% 28,090 30,000 27,000 (3,000)-10% Other Miscellaneous Revenue Interest on Investment Earnings 182 383 - (383)-100% 182 383 - (383)-100% Total Revenues - Gateway East 28,272 30,383 27,000 (3,383)-11% Expenditures Purchased Services Professional Services$ 2,869$ 3,000$ 2,700$ 30010% 2,869 3,000 2,700 30010% Total Expenditures - Gateway East 2,869 3,000 2,700 30010% Net Income - Gateway East 25,403 27,383 24,300 Projected Ending Fund Balance As of December 31$ (673,559) $ (646,176) $ (621,876) K:\HRA\HRA Budgets\2014 Budget\HRA 2014 Final Budget.xlsxUnaudited Data - For Management Purposes Only Fridley Housing Redevelopment Authority Final 2014 Budget Account Description 2012 Actual 2013 Budget 2014 Budget $ Variance % Variance 470 - Gateway West (2005-2032) TIF # 18 Beginning Fund Balance As of January 1 (Estimated)$ (1,513,137) $ (1,228,090) $ (1,226,864) Revenues City Revenues Tax Levy$ 7,035$ 9,526$ 8,500$ (1,026)-11% Tax Levy - Delinquent Years - - -0% Res MV Homestead Credit -0% 7,035 9,526 8,500 (1,026)-11% Other Miscellaneous Revenue Sale of Misc Property 19,649 - - -0% Interest on Investment Earnings 799 100 300 200200% Miscellaneous Revenue (Insurance Claim) - - - -0% 20,448 100 300 200200% Other Finance Sources Transfer from Other Funds 262,907 - - -0% Total Revenues - Gateway West 290,390 9,626 8,800 (826)-9% Expenditures Purchased Services Professional Services /Administrative Fees$ 704$ 900$ 850$ 506% Services Contracted 4,640 7,500 1,000 6,50087% (Mowing Contract) Payments to Other Governments - - - -0% (Anoka County - Property Tax) 5,344 8,400 1,850 6,55078% Capital Outlay Improvements other than building - - - -0% (Final Asphalt) - - - -0% Total Expenditures - Gateway West 5,344 8,400 1,850 6,55078% Net Income - Gateway West 285,047 1,226 6,950 Projected Ending Fund Balance As of December 31$ (1,228,090) $ (1,226,864) $ (1,219,914) 472 - Main Street (2009-2034) TIF # 19 Beginning Fund Balance As of January 1 (Estimated)$ (4,012) $ (3,395) $ (18,295) Revenues City Revenues Tax Levy$ 115,044$ 116,000$ 106,000$ (10,000)-9% Tax Levy - Delinquent Years (357) - - -0% 114,687 116,000 106,000 (10,000)-9% Other Miscellaneous Revenue Interest on Investment Earnings 521 300 350 5017% 521 300 350 5017% Total Revenues - TIF #19 115,208 116,300 106,350 (9,950)-9% Expenditures Purchased Services Professional Services$ 11,459$ 11,600$ 10,600$ 1,0009% Capital Outlay 103,132 119,600 95,400 24,20020% (Pay as you go) 114,591 131,200 106,000 25,20019% Total Expenditures - TIF #19 114,591 131,200 106,000 25,20019% Net Income - TIF #19 617 (14,900) 350 Projected Ending Fund Balance As of December 31$ (3,395) $ (18,295) $ (17,945) K:\HRA\HRA Budgets\2014 Budget\HRA 2014 Final Budget.xlsxUnaudited Data - For Management Purposes Only Fridley Housing Redevelopment Authority Final 2014 Budget Account Description 2012 Actual 2013 Budget 2014 Budget $ Variance % Variance 474 - Gateway Northeast (2017-2042) TIF # 21 Beginning Fund Balance As of January 1 (Estimated)$ (1,122,023) $ (1,146,290) $ (1,457,290) Revenues City Revenues Tax Levy$ -$ -$ -$ -0% Tax Levy - Delinquent Years - - - -0% - - - -0% Other Miscellaneous Revenue Interest on Investment Earnings 979 - - -0% 979 - - -0% Total Revenues - Gateway NorthEast 979 - - -0% Expenditures Purchased Services Professional Services/Administrative Fees$ 20,099$ 300,000$ 150,000$ 150,00050% Advertising 228 - - -0% Other Services/Charges (Complete Ground Services) 4,320 8,000 8,000 -0% Other Services/Charges (Payments to Other Govt - Taxes) 599 3,000 3,000 -0% Capital Outlay - - -0% 25,245 311,000 161,000 150,00048% Total Expenditures - Gateway Northeast 25,245 311,000 161,000 150,00048% Net Income - Gateway Northeast (24,267) (311,000) (161,000) Projected Ending Fund Balance As of December 31$ (1,146,290) $ (1,457,290) $ (1,618,290) 475 - BAE -Superfund Site TIF # 20 Beginning Fund Balance As of January 1 (Estimated)$ - $ - $ - Revenues City Revenues Tax Levy$ -$ -$ -$ -0% Tax Levy - Delinquent Years - - - -0% - - - -0% Total Revenues - BAE - - -0% Expenditures Purchased Services Professional Services/Administrative Fees$ -$ -$ 20,000$ (20,000)100% Advertising - - - -0% Other Services/Charges (Complete Ground Services) - - - -0% Other Services/Charges (Payments to Other Govt - Taxes) - - - -0% Capital Outlay - - - -0% - - 20,000 (20,000)100% Total Expenditures - BAE - - 20,000 (20,000)100% Net Income - BAE - - (20,000) Projected Ending Fund Balance As of December 31$ - $ - $ (20,000) K:\HRA\HRA Budgets\2014 Budget\HRA 2014 Final Budget.xlsxUnaudited Data - For Management Purposes Only Fridley Housing Redevelopment Authority Final 2014 Budget Account Description 2012 Actual 2013 Budget 2014 Budget $ Variance % Variance 476 - BAE - Hazardous Subdistrict TIF # 20a Beginning Fund Balance As of January 1 (Estimated)$ - $ - $ - Revenues City Revenues Tax Levy$ -$ -$ -$ -0% Tax Levy - Delinquent Years - - - -0% - - - -0% Total Revenues - BAE - Hazardous Subdistrict - - -0% Expenditures Purchased Services Professional Services/Administrative Fees$ -$ -$ 20,000$ (20,000)100% Advertising - - -0% Other Services/Charges (Complete Ground Services) - - -0% Other Services/Charges (Payments to Other Govt - Taxes) - - -0% Capital Outlay - Improvements other than Building - - 700,000 (700,000)100% - - 720,000 (720,000)100% Total Expenditures - BAE - Hazardous Subdistrict - - 720,000 (720,000)100% Net Income - BAE - Hazardous Subdistrict - - (720,000) Projected Ending Fund Balance As of December 31$ - $ - $ (720,000) 477 - Northstar Station TIF # 22 Beginning Fund Balance As of January 1 (Estimated)$ - $ - $ - Revenues City Revenues Tax Levy$ -$ -$ -$ -0% Tax Levy - Delinquent Years - - - -0% - - - -0% Total Revenues - Northstar Station - - - -0% Expenditures Purchased Services Professional Services/Administrative Fees$ -$ -$ 10,000$ (10,000)100% Advertising - - - -0% Other Services/Charges (Complete Ground Services) - - - -0% Other Services/Charges (Payments to Other Govt - Taxes) - - - -0% Capital Outlay - - - -0% - - 10,000 (10,000)100% Total Expenditures - Northstar Station - - 10,000 (10,000)100% Net Income - Northstar Station - - (10,000) Projected Ending Fund Balance As of December 31$ - $ - $ (10,000) K:\HRA\HRA Budgets\2014 Budget\HRA 2014 Final Budget.xlsxUnaudited Data - For Management Purposes Only Fridley Housing Redevelopment Authority Final 2014 Budget Account Description 2012 Actual 2013 Budget 2014 Budget $ Variance % Variance 501 - Housing Replacement (1997-2024) Scattered Site Beginning Fund Balance As of January 1 (Estimated)$ (9,560) $ 172,257$ (216,043) Revenues City Revenues Tax Levy$ 26,395$ 30,000$ 20,000$ (10,000)-33% Other Miscellaneous Revenue Interest on Investment Earnings 4,372 2,200 5,700 3,500159% Sale of Misc Property 146,258 90,000 120,000 30,00033% Miscellaneous Revenues 122,592 - - -0% 273,221 92,200 125,700 33,50036% Total Revenues - Housing Replacement 299,617 122,200 145,700 23,50019% Expenditures Purchased Services Professional Services/Administrative Fees$ 6,502$ 3,000$ 2,000$ 1,00033% Other Charges 662 500 500 -0% Services Contracted 6,125 4,000 4,000 -0% (Mowing Contract) Other Services & Charges/Payments to other govts - Taxes 6,273 3,000 3,000 -0% Capital Outlay / Building (Home Demolitions) 98,237 500,000 300,000 200,00040% 117,800 510,500 309,500 201,00039% Total Expenditures - Housing Replacement 117,800 510,500 309,500 201,00039% Net Income - Housing Replacement 181,817 (388,300) (163,800) Projected Ending Fund Balance As of December 31$ 172,257$ (216,043) $ (379,843) K:\HRA\HRA Budgets\2014 Budget\HRA 2014 Final Budget.xlsxUnaudited Data - For Management Purposes Only COMMUNITY DEVELOPMENT DEPARTMENT HOUSING AND REDEVELOPMENT AUTHORITY Memorandum DATE: November 27, 2013 TO: Wally Wysopal, City Manager / Executive Director of HRA FROM: Darin Nelson, Finance Director Paul Bolin, Assistant Director of HRA SUBJECT: Resolution Ratifying a Transfer of Funds Between TIF District #9 and TIF District #18 and a Motion Approving Interfund Payables/Receivables and Reclassification of TIF Eligible Expenditures Over the past few months the Authority and its Staff have spent time examining the cash balances of the TIF Districts in anticipation of upcoming redevelopment projects. As we have previously discussed, the Onan TIF District has excess funds that should be transferred to other districts having a negative balance. Attached to this memorandum is a resolution authorizing the transfer of $500,000 from the Onan District to the Gateway West District. Approval of this transfer will allow the Gateway West TIF District to pay back (to the General Fund) a large portion of its shortfall. As the end of the year draws near, it is pertinent to clean up outstanding accounting issues to allow for accurate and efficient reporting to both our auditors in regards to the audited financial statements, and to the Office of the State Auditor for TIF reporting purposes. Below are a list of payments needed to accurately reflect reductions in outstanding due to and due from balances for various TIF Districts. Due to Other Funds Due from Other Funds Fund 455 Lake Point $130,000 Fund 100 General Fund - $130,000 th Fund 467 57 Avenue - $15,000 Fund 100 General Fund - $15,000 Fund 468 Gateway East - $18,000 Fund 100 General Fund - $18,000 Fund 470 Gateway West - $600,000 Fund 100 General Fund - $600,000 In addition to the above transactions, the HRA has been advised to reclassify the purchase of the vet clinic from the Gateway Northeast TIF District #19 to the Onan TIF District #9. The Onan TIF District has excess increment available that can be used for TIF related expenditures outside the district. Rather than incurring additional expenditures within Gateway Northeast that would need to be covered by cash reserves from the General Fund to cover the cash deficit, this option simplifies the process. Another benefit of utilizing the excess increment from within the Onan District is that cash within the General Fund remains liquid, which allows for greater flexibility for future expenditure activity. Reclassification From Gateway Northeast 474-430-4520 Wilson Development Services, LLC - $1,738.20 Land Title Services (Purchase of Clinic) - $529,421.42 Buberal Recycling and Composting, Inc. - $30,880.00 To Onan 458-430-4520 Vet Clinic Purchase and Demo - $562,039.62 Staff Recommendation: Staff recommends that the Authority adopt Resolution #2013-24, ratifying a transfer of funds between TIF District #9 (Onan) and TIF District #18 (Gateway West). Staff also recommends, after adoption of Resolution #2013-24, that the Authority make a motion approving the transfers from the various TIF Districts listed above, to the HRA General Fund. Staff further recommends a motion reclassifying $562,039.62 in Gateway West expenditures as purchases from the Onan TIF District. HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY COUNTY OF ANOKA STATE OF MINNESOTA HRA RESOLUTION NO. 2013-24 A RESOLUTION RATIFYING A TRANSFER OF FUNDS BETWEEN TIF DISTRICT NO. 9 (ONAN) AND TIF DISTRICT NO. 18 (GATEWAY WEST) BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota (the "Authority) as follows: WHEREAS, TIF District No. 9 is a redevelopment tax increment financing district approved by the HRA and the City in 1989 and subsequently certified by the County; and WHEREAS, the TIF District No. 9 8 WHEREAS, TIF District No. 18 (Gateway West) also a redevelopment tax increment financing 70($1,228,090) as of December 31, 2012; NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota as follows: (1) The transfer of approximately $500,000 from Fund #458 to Fund #469 is hereby ratified and is effective as of December 31, 2013 Adopted by the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota this 5th day of December, 2013. ______________________________ Lawrence R. Commers, Chair ATTEST: __________________________________ Walter T. Wysopal, Executive Director MMB: 4820-3491-4839, v. 1 Fridley Housing and Redevelopment Authority M E M O R A N D U M DATE: November 27, 2013 TO: Wally Wysopal, Executive Director of HRA FROM: Paul Bolin, Assistant HRA Director SUBJECT: Contract Extension CEE Loan Programs Introduction The Center for Energy and Environment (CEE) is the non-profit agency responsible for administering the HRA with CEE since 1996 to oversee the housing programs. Partnering with CEE, allows the HRA to outsource most of the administrative functions, including program marketing, loan processing, underwriting, loan closing, and disbursements to the contractors. CEE is able to provide technical assistance to Fridley homeowners on such topics as remodeling, energy conservation, indoor air quality and related subjects. The partnership with CEE allows the Authority to leverage outside dollars (e.g. Minnesota Housing Finance Agency, Met Council, Federal funds, etc.) and customize loan packages to meet The current agreement with CEE expires on December 31, 2013. Staff believes it is important to continue working with CEE and is recommending that the HRA renew its commitment for another year. CEE is not seeking any changes in the rate of compensation for their services. Overview of Existing Agreement Attached is a copy of the proposed extension that would run through December 31, 2014. The following section summarizes the major contract components. Administrative Responsibilities CEE is responsible for administering a number of different loan programs on behalf of the Authority. Each of these programs is designed for a particular target market (e.g. very-low income, low income, or middle-income). When CEE receives an inquiry from an interested resident, several questions are asked in order to identify which program best meets their needs. At that point, CEE works with the resident to complete a loan application and collect the necessary information to evaluate their eligibility. Among the CEE then outlines the financing options and helps the homeowner select the best terms and conditions. In some cases a loan might be funded by the Authority, while in other cases the loan might be funded by MHFA. Once a loan is closed, the funds are held in escrow until the work is completed; once the job is finished CEE verifies that all permits have been obtained and that the work has been inspected. Loan Fees CEE is paid based on each loan that is made, rather than a flat administrative charge. If loans are originated under an MHFA program, MHFA pays CEE an origination fee HRA pays CEE an origination fee ($550.00 per loan). This rate of compensation is the same as the last agreement. Comprehensive Building Analysis (Remodeling Advisor) CEE is paid a flat fee of $130.00 per visit by the remodeling advisor. Generally, these This rate of compensation is the same as the last agreement. Installation Verification CEE is paid a flat fee of $70.00 per inspection. Generally, if a building permit is required (and the work will be inspected by the city), CEE does not charge a fee. In cases where the work does not require a permit (e.g. carpet, painting, landscaping, fencing, etc.), CEE staff will make an inspection to verify that the work has been completed. This rate of compensation is the same as the last agreement. Recommendation Staff recommends that the Authority approve the amendment to the Loan Origination Agreement with the Center for Energy and Environment through December 31, 2014. **Staff had a great meeting with CEE late last week to discuss marketing ideas for the upcoming year, new programs being offered by CEE, and the potential of expanded services being offered to Fridley residents. I am planning to have CEE Staff give an informational presentation on these new programs and services at the February HRA meeting. The new programs / services, offered by CEE, include rehab loans for rental property owners, loans to businesses to fix up their building facades, and the "home energy squad" (an improvement on the old "operation insulation" program). Fridley HRA Housing Program Summary Cover Page December 5, 2013 HRA Meeting ReportDescription Loan Application Summary Loan application activity (e.g. mailed out, in process, closed loans) for past month and year-to-date. Loan Origination Report Monthly loan originations and year-to- date. Remodeling Advisor Shows the number of field appointments scheduled and completed for the Remodeling Advisor Services administered by Center for Energy and Environment. K:\HRA\Agenda Packets\2013 Agenda Packets\December 5, 2013\Housing Program CoverDecember13.docx PREPARED 11/26/2013, 10:22:56 A/P CHECKS BY PERIOD AND YEAR - PAGE 1 PROGRAM: GM350L DISBURSMENT PERIOD 11/2013 FRIDLEY HOUSING & REDEVELOPMENT BANK CODE 00 - --------------------------------------------------------- -------------------------------------- CHECK CHECK CHECK DATE NUMBER VENDOR NAME VENDOR # AMOUNT ------------------------------------------------------ ----------------------------------------------------------------------- ACCOUNT # TRN DATE DESCRIPTION INVOICE PO # PER/YEAR TRN AMOUNT 11/12/2013 29553 ANOKA, COUNTY OF 112 46,607.33 450-0000-430.43-50 09/30/2013 Excess Increment to Anoka 11/2013 12,897.38 452-0000-430.43-50 09/30/2013 Excess Increment to Anoka 11/2013 - 33,.709.95 11/12/2013 29554 BUST OUT SOLUTIONS 238 1,616.05 265-0000-430.43-30 10/24/2013 Web development 2721 11/2013 1,376.05 265-0000-430.43-30 10/15/2013 Web development 2718 11/2013 240.00 11/12/2013 29555 CASTLEVISIONS 306 2,143.85 265-0000-430.43-30 10/31/2013 2014 north metro H&G show 103113-05 11/2013 2,143.85 11/12/2013 29556 EHLERS & ASSOCIATES, INC 505 50.00 100-0000-430.43-30 10/10/2013 2012 TIF reporting OSA 346983 11/2013 50.00 11/12/2013 29557 ENVIRO BATE METRO 512 5,650.00 501-0000-430.43-30 09/30/2013 Asbestos Abatement 0036188-IN 11/2013 2,400.00 474-0000-430.43-30 09/30/2013 Asbestos Abatement 0036189-IN 11/2013 3,250.00 11/12/2013 29558 GRAYBAR 713 254.96 100-0000-430.42-21 09/20/2013 Municipal Center Lighting 968720648 11/2013 254.96 11/12/2013 29559 MONROE MOXNESS BERG PA 1113 12,155.39 100-0000-430.43-30 11/06/2013 Gen fund cash flow 142243 11/2013 325.00 455-0000-430.43-30 11/06/2013 Medtronic review 142243 11/2013 65.00 100-0000-430.43-30 11/06/2013 Columbia Arena Purchase 142243 11/2013 3,898.35 475-0000-430.43-30 11/06/2013 BAE Site 142243 11/2013 6,699.54 474-0000-430.43-30 11/06/2013 Gateway Northeast 142243 11/2013 845.00 474-0000-430.43-30 11/06/2013 Gateway Northeast Trident 142243 11/2013 322.50 11/12/2013 29560 LIESCH ASSOCIATES INC 1213 - 2,292.75 501-0000-430.43-30 10/10/2013 Asbestos Survey T458272 11/2013 1,084.50 474-0000-430.43-30 10/10/2013 Asbestos Survey T458272 11/2013 1,208.25 11/12/2013 29561 PASSAU LANDCARE INC. 1601 1,100.81 455-0000-430.43-40 10/31/2013 Mowing 10/28 6429 11/2013 37.40 100-0000-430.43-40 10/31/2013 Mowing 10/28 6429 11/2013 422.16 470-0000-430.43-40 10/31/2013 Mowing 10/28 6429 11/2013 128.25 474-0000-430.43-40 10/31/2013 Mowing 10/28 6429 11/2013 288.56 501-0000-430.43-40 10/31/2013 Mowing 10/28 6429 11/2013 224.44 11/12/2013 29562 CENTERPOINT ENERGY 1804 4.46 501-0000-430.43-38 11/13/2013 561 Lafayette 11/2013 4.46 11/12/2013 29563 STAR TRIBUNE 1915 519.80 501-0000-430.43-34 10/31/2013 Lot Sale Ads 11/2013 519.80 11/12/2013 29564 SEVENICH, BUTLER, GERLACH & BR 1933 2,081.25 475-0000-430.43-30 11/04/2013 Admin Services 31010 11/2013 675.00 100-0000-430.43-30 11/04/2013 Admin Services 31010 11/2013 787.50 PREPARED 11/26/2013, 10:22:56 A/P CHECKS BY PERIOD AND YEAR PAGE 2 PROGRAM: GM350L HOUSING & REDEVELOPMENT FRIDLEY DISBURSMENT PERIOD 11/2013 BANK CODE 00 - ----------------------------------------------------------------------------------------------------------------------------------- CHECK CHECK CHECK DATE NUMBER VENDOR NAME VENDOR # AMOUNT - ----------------------------------------------------------------------------------------------------------------------------------- ACCOUNT # TRN DATE DESCRIPTION INVOICE PO # PER/YEAR TRN AMOUNT - ----------------------------------------------------------------------------------------------------------------------------------- 474-0000-430.43-30 11/04/2013 Admin Services 31010 11/2013 618.75 11/27/2013 29565 ANOKA, COUNTY OF 112 840.24 501-0000-430.43-50 11/18/2013 PIN 03-30-24-22-0069 11/2013 840.24 11/27/2013 29566 BUBERL RECYCLING & COMPOSTING, 239 43,880.00 501-0000-430-45-20 11/19/2013 561 Lafayette Demo 59516 11/2013 13,000.00 474-0000-430.45-20 11/19/2013 PetVet Demo GWNE 59516 11/2013 30,880.00 11/27/2013 29567 GRAYBAR 713 1,478.33 100-0000-430.42-21 11/13/2013 City Hall exterior lights 969668513 11/2013 1,478.33 PERIOD END TOTAL - 120,675.22 Fridley Loan Summary Report cee Activity for Period 10/15/2013 - 11/15/2013 Center for Energy and Environment Application packets requested/mailed: This period: Year-to-Date: 30 Residential Advisor Visits: This period: Year-to-Date: �7 Loans currently in process for residents in your City: Closed Loans This period: Year-to-Date: Fridley Units Units Closed End 0.00 0 136,045.83 7 Last Resort 0.00 0 9,635.00 2 Total 0.00 0 145,680.83 9 i Leveraged Funds This period: Units Year-to-Date: Units II C EE 0.00 0 2,956.00 1 Total 0.00 0 2,956.00 1 Types of Improvements Financed YTD #of Projects %of Total Types of Properties Financed YTD # %of Total Single Family Residence 10 100.00 Air Conditioning 1 8.33 Heating System 2 16.67 Insulation 1 8.33 Kitchens 1 8.33 Other Exterior Improvements 1 8.33 Other Interior Improvements 2 16.67 Roof 1 8.33 Siding,Stucco,Exterior Paint 1 8.33 Windows, Doors,Storm Windows,Storn 2 16.67