Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Housing & Redevelopment Authority Packet 01-23-2014
MEETING AGENDA PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY THURSDAY, JANUARY 23, 2014 - 7:00 p.m. WHERE: Medicine Lake Room City of Plymouth 3400 Plymouth Boulevard Plymouth, MN 55447 CONSENT AGENDA All items listed on the Consent Agenda are considered to be routine by the Housing and Redevelopment Authority and will be enacted by one motion. There will be no separate discussion of these items unless a Commissioner, citizen or petitioner so requests, in which event the item will be removed from the consent agenda and considered in normal sequence on the agenda. 1. CALL TO ORDER - 7:00 P.M. 2. CONSENT AGENDA A. Approve HRA Meeting Minutes for November 21, 2013. B. Plymouth Towne Square. Accept Monthly Housing Reports. C. Vicksburg Crossing. Accept Monthly Housing/Marketing Reports. 3. NEW BUSINESS A. TIF District 1-3 (Oppidan). Consider request to waive requirement of 100% completion of Phase I prior to note issuance. B. Consider New Program. Consider creating a program to assist with Architectural Design Services. 4. ADJOURNMENT DRAFT MINUTES PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY November 21, 2013 PRESENT: Chairman Jeff Kulaszewicz, Commissioner Toni Jelinek, and Commissioner Jim Willis ABSENT: Commissioner Carl Runck and Commissioner Paul Caiyotakis STAFF PRESENT: Housing Program Manager Jim. Barnes, Housing Specialist Spencer Agnew, and Office Support Representative Tina Beckfeld OTHER: Grace Management Representative Jodi Bodigheimer 1. CALL TO ORDER Chairman Kulaszewicz called the Plymouth Housing and Redevelopment Authority meeting to order at 7:05 p.m. 2. CONSENT AGENDA A. Approve October 24, 2013 HRA Meeting Minutes. B. Plymouth Towne Square. Accept Monthly Housing Report C. Vicksburg Crossing. Accept Monthly Housing/Marketing Report MOTION by Commissioner Willis, seconded by Commissioner Jelinek to approve the consent agenda. Vote. 3 Ayes. MOTION approved. 3. NEW BUSINESS A. Senior Buildings — 2013 Residential Satisfaction Survey Results. Grace Management Representative Bodigheimer gave an overview of the 2013 Residential Satisfaction Survey results. Commissioner Willis asked if it possible to partner with other HRAs or public housing programs to provide activities in a collaborative effort. Housing Manager Baines replied we could certainly reach out to other communities. Commissioner Jelinek asked if there were additional programs we could reach out to other than HRAs. Commissioner Willis suggested West Medicine Lake Co=unity Club as an option. Draft Plymouth Housing and Redevelopment Authority November 21, 2013 Page 2 Chairman Kulaszewicz asked if there was a difference in average age between Vicksburg Crossing residents and Plymouth Towne Square residents, Grace Management Representative Bodigheimer responded Plymouth Towne Square's residents are aging. Grace Management Representative Bodigheimer added interests vary between Vicksburg Crossing and Plymouth Towne Square. Plymouth Towne Square residents have expressed an interest in more dinner events where they can invite family and friends. Currently they have a monthly breakfast event that costs $3.00. They also host a monthly potluck dinner. She will look into the cost of a catered dinner where a portion could possibly be added to the budget. Housing Manager Barnes commented space is an issue for a sit-down dinner for residents and family members. if interest were high the dinner would need to be split into two events. Commissioner Jelinek asked how often the surveys are done and how the results compare to past surveys. Grace Management Representative Bodigheimer replied the surveys are done annually and the results are very consistent from year-to-year. Chairman Kulaszewicz asked how many residents have dogs. Grace Management Representative Bodigheimer replied Plymouth Towne Square has the larger number of dogs; 6-8 pets consistently out of the 99 units. There is only a small minority of residents who object, Commissioner Willis asked if any of those dogs were companion dogs. Grace Management Representative Bodigheimer replied yes, there were two. Chairman Kulaszewicz noted the survey scores were slightly higher for Vicksburg Crossing. Commissioner Willis asked if there was an anonymous suggestion box for residents. Grace Management Representative Bodigheimer answered yes. Commissioner Jelinek asked if residents are comfortable going to the managers with their complaints or suggestions. Grace Management Representative Bodigheimer answered yes. Commissioner Willis asked if the street in front of Vicksburg Crossing is a private street. He noted there are a couple of sink holes. Draft Plymouth Housing and Redevelopment Authority November 21, 2013 Page 3 Housing Manager Barnes stated it is privately owned by CSM and they will ask Vicksburg Crossing Managing Director Sara Paquette to contact them regarding fixing the sink holes next spring. Chairman Kulaszewicz commented overall the residents are pleased with management. Housing Manager Baines stated next year the surveys will be conducted in August to coincide with budgets for consideration of requests. Housing Specialist Spencer Agnew introduced himself to the board. 4. ADJOURNMENT MOTION by Chairman Kulaszewicz, seconded by Commissioner Willis, to adjourn the meeting at 7:18 p.m. CJS , 3 F1 PLYMOUTH TONNE SQUARE MEMORANDUM To: Jim Barnes From: Jeff Lelivelt, Managing Director, Plymouth Towne Square Date: December 16, 2013 Re: PTS Monthly Report for November 2013 December Newsletter and Calendar attached Occupancy/Marketing Current Occupancy — 99 units (100%) Current Wait List Status One Bedroom — 68 applicants; closed Two Bedroom — 24 applicants Administrative/Building Operations Presentation of bid for new FOB entry system by one of the companies that supplied a quote to explain product and installation procedures. Manager met with Tegrete, Inc. (common area cleaning company) to review performance of new staff. Performance met standards and needs of the building. Manager met with maintenance from both PTS and Vicksburg to review and prioritize duties. 2014 Rent Notices sent out. Discussions continue with Robert B. Hill, the water softener company, about the inconsistency in water softening quality. Owens Service performed complete preventive maintenance on all HVAC equipment. 15500 37th Avenue North • Plymouth, MN 55446-3250 Phone: (763) 550-9525 • Fax: (763) 551-0144 Owned by Plymouth Housing and Rcdevelopment Aurhority Resident Services Memo sent out to resident pet owners reviewing health requirements for pets. Resident potluck dinner held with 31 attendees. Saturday Breakfast held with 41 attendees. Resident meeting held in the morning after coffee; informational only with no birthday celebration. We will celebrate our one November birthday in December. First annual Thanksgiving Pot Luck held with 80 attendees including representatives of the Russian and Chinese communities here at Plymouth Towne Square. Balance Sheet As Of' Novembru 30, 2013 ASSETS CURRENT ASSETS M I PETTY CASH M I OPERATING ACCOUNT M I SEC DEPOSIT CASH ACCOUNT INVESTMENTS - WORKING CAPITAL FUND INVESTMENTS - NEW DEBT SERVICE ACCOUNTS REC-TENANTS INTEREST RECEIVABLE ACCOUNTS REC-OTHER PREPAID PROPERTY INSURANCE PREPAID OTHER TOTAL CURRENT ASSETS FIXED ASSETS LAND SITEIMPROVEMENTS BUILDING BUILDING IMPROVEMENTS FURN, FIXT & EQUIP -GENERAL FURNITURE & FIXTURES - HOUSEKEEPING COMPUTERS/OFFICE EQUIPMENT ACCUMULATED DEPRECIATION TOTAL FIXED ASSETS NON-CURRENT ASSETS TOTAL ASSETS LIABILITIES CURRENT LIABILITIES ACCOUNTS PAYABLE -TRADE ACCRUED PAYROLL ACCRUED COMPENSATED BALANCES ACCRUED INTEREST ACCRUED REAL ESTATE TAXES ACCRUED OTHER TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES SECURITY DEPOSITS BONDS PAYABLE -SERIES 2011A BOND PREMIUM TOTAL LIABfLITIES EQUITY RETAINED EARNINGS RSRVD FOR OS RETAINED EARNINGS TOTAL EQUITY CURRENT YEAR INCOMEJ(LOSS) TOTAL LIABILITIES & EQUITY Ending Balance Total 500 166,285 54,278 816,513 13,701 715) 1,667 5,275 15,422 4,498 459,247 111,390 5,767,619 301,779 379,211 8,696 13,060 3,353,652) 9,129 3,156 3,515 15,965 28,9413 22 53,863 2,920,000 73,717 111,665 1,436,248 1,077,422 3,687, 349 4,764,771 60,735 3,047,580 3,108,315 1,547,913 108,544 4,764,771 Profit and Loss Variance PLYMOUTH TOWNE SQUARE' Through Novernbur ail, 2101? MTD Actual Budget Var. YTD Actual Budget Var. Year Budget INCOME APARTMENT RENTAL REVENUE 52,460 53,671 1,211) 575,023 590,301 15,358) 544,052 HRA INDIVIDUAL 17,167 17,167 0 188,837 88,837 0 206,004 BAD DEBT 0 0 0 5,039) 0 5,039) 0 GARAGE RENT 3,015 2,880 135 32,705 31,600 1,026 34,550 GUEST ROOM REVENUE 275 193 82 1,815 2,123 308) 2,316 LAUNDRYREVENUE 873 890 17) 9.521 9,790 5269) 10600 APPLICATION FEE REVENUE 0 53 53) 325 583 258) 636 TRANSFER FEE REVENUE 0 0 0 0 500 506) 500 INVESTMENT INCOME 839 833 6 8,685) 9,163 17.848) 9,995 MISCELLANEOUS REVENUE 0 275 275) 202 3,025 2,823) 3,300 TOTAL INCOME 74,620 75,962 1,333) 794,703 836,082 41,379) 912,044 EXPENSES ADMINISTRATION MANAGER SALARIESANAGES 3,709 3,750 41 39,767 41,250 1,483 45,00 PAYROLL TAXES 35 692 157 7,460 7,612 152 8,304 HEALTH INSURANCE 481 1,050 569 5,258 11,550 6,292 12,601) WORKERS COMP INSURANCE 55 178 123 620 1,958 1,338 2,135 MAINTENANCE SALARIFSIWAGES 1,586 1,551 35) 16,461 17,061 600 18,612 MAINTENANCE ASST SALARIESIWAGES 1,469 988 481) 12,795 10,868 1,921) 11,856 EMPLOYEE COSTS 80 51 29) 1,027 561 466) 612 SEMINAR[TRAINING 0 25 25 255 275 20 300 BANKFEES 6 5 1) 50 55 5 60 DUES, SUBS 8 MEMBERSHIPS 0 0 D 0 55 55 55 LICENSE B PERMITS 30 0 30) 924 694 30) 894 MILEAGE REIMBURSEMENT 22 78 56 764 858 94 936 POSTAGEIOVERNIGHT EXPRESS 0 8 8 92 153 61 161 PRINTING 0 10 10 695 110 595) 120 MANAGEMENT FEES 4,400 4,400 0 48,400 48,400 0 52,000 PROFESSIONAL FEES 0 300 300 1,409 3,3D6 1.891 3.600 TELEPHONE EXPENSE 502 470 32) 5,402 5,170 232) 5.640 EOUIPMENT LEASEIREPAIR 0 130 130 1,931 1,430 501) 1,560 OFFICE SUPPLIES 120 05 35) 1,190 935 255) 1,020 MISCELLANEOUS ADMIN EXPENSE 0 10 10 0 110 110 120 TOTAL ADMIN EXPENSES 12,995 13,781 786 144,501 152,605 8,104 166,386 RESIDENT SERVICES RESIDENT PROGRAMIACTIVWES 233) 200 433 4,557 3,000 1,557) 5,000 TOTAL RES SERV EXPENSES 233) 200 433 4,557 3,00D 1,557) 5,00D MARKETING ADVERTISING 0 15 15 0 165 165 180 PROMOTIONALIPARTIES 0 0 0 U4 0 84) 0 TOTAL MARKETING EXPENSES 0 15 15 84 165 81 160 HOUSEKEEPING CONTRACT LABOR 1.452 1,489 37 15,917 16,379 462 17,068 CLEANING SUPPLIES 216 200 16) 1,346 2.200 854 2,400 TOTAL HOUSEKEEPING EXPENSES 1,667 1,689 22 17,263 16,579 1,316 20,268 Profit and Loss Variance PLY1A OUTH f(7l UA Thlough hlov-mibo 30-2013 BUILDING S GROUNDS CABLE TV EXPENSE UTILITIES - ELECTRICITY UTILITIES - GAS UTILITIES - WATEWBEWER WATER SOFTENING SERVICE DOORS, KEYS & WINDOWS FIRE SYSTEM SERVICE LAWN SERVICEILANDSCAPISNOW RMVL PEST CONTROL TRASH REMOVAL UNIT TURNOVER REPAIRS ELEVATOR -REPAIRS & MAINTENANCE REPAIRS & MAINTENANCE BUILDING & GROUNDS SUPPLIES HVAC - REPAIRS 8 MAINTENANCE MISCELLANEOUS B & G EXPENSES TOTAL BUILDING & GROUNDS OTHER OPERATING EXPENSES PROPERTY & LIABILITY INSURANCE PAYMENT IN LIEU OF PROPERTY TAX TOTAL OTHER OPERATING EXPENSES TOTAL OPERATING EXPENSES NET OPERATING INCOME! ( LOSS) DEPREC, INTEREST& OTHER EXPENSE DEPRECIATION EXPENSE AMORTIZATION EXPENSE RESERVEIREPLACE CAPITAL EXPENSE INTEREST EXPENSE TOTAL DEPREC, INTEREST & OTHER NET INCOME 1(LOSS) MTD Actual Budget Var. YTD Actual Budget Var. Year Budget 56 60 4 613 630 47 720 2,278 1,881 397) 27,493 22,891 4,602) 24,966 2,070 1,900 170) 16,744 20,425 3,681 24,525 840 665 175) 8,772 8,655 117) 9,320 236 345 109 3,232 3,795 563 4,140 0 428 428 2,262 4,706 2,446 5,136 90 400 310 3,751 4,400 849 4,800 1,415 1,600 164 20,584 17,800 2,984) 19,200 0 473 473 434 5,203 4,769 5,676 296 670 375 3,877 7,370 3,553 8,040 5,000) 3,050 8,850 27,586 42,350 14,764 46,200 521 523 102 5,591 fi 653 1,262 7,478 1,984 1,500 464) 27,476 38,500 11,024 40,000 448 1,600 1,152 8,845 17,600 8,755 19,200 750 000 150 4,275 9,900 5,625 10,800 O 15 15 0 165 165 180 5,965 16,910 10,945 161,475 211,075 49,600 230,379 2,537 2,592 55 27,205 28,512 1,307 31,104 2,632 2,666 34 26,948 29,320 370 31,992 5,168 5,258 90 56,153 57,838 1,685 63,096 25,562 37,853 12,291 384,039 443,262 59,229 485,309 49,066 38,109 10,957 410,670 392,620 17,650 426,735 16,450 16,833 383 180,947 185,163 4,216 201,996 527 250 277) 5,792 2,750 3,042) 3,000 0 0 0 27,146 20,200 1,054 28,200 7,982 7,982 Q 88,242 87,802 440) 95,784 24,958 25,065 107 302,127 303,915 1,788 328,980 24,108 13,044 11,064 108,544 68,905 19,639 97,755 wW a N z N N N a D W W W lu W W WZ W W W V a F q W ? Z dLU z u X W w z 2 w W w a. w 2 g r = h rc K m i l F z w W z J w z w U 2 w y= 4 Q y~j Z i U W W d g W W U W a W U W a o z w c r w E v u v W a F w N K z g> 5w y~ x p 40q $ w$ y w -' rc z i w m `° v z N z zr 4 "' z u zo g w U c9 z w Z o CW7 F- O U N W z N (7 o J Y FW- F O z h l7 q F a swmi. a a U G Wp w G W Z Q O a 4¢ a<>> a "— a m¢ a u i 'o ti uo i w o rc g 0 U a x m ca [ g a i o x q a x 3 W m m a a w o s F- a F Q u o F- r W da r Gw o a a o a a a a o a o p o a o 0 0 0 0 0 0 0 0 0 0 0 0 o p 0 0 0 0 o p c o o N o a y O _ m 1`I a 5 z m a uD a r N n N o d a m m r r' riti ry yy It iv O1 .h a a a o v ry M v a n N a o N Q p 0. J w 14LV, m N m w r a m ry ry n N O ' m t'I l n ry u L r M a ro W M Q Q a wn o n m n w ao n ti N mf"n m e m e ry N ry w N a d mW4 mo m r m n m vmivmm .- •_ n Mt7 a o m a m M a Wm a n W r Q vrvr c rw wW a N z N N N a D W W W lu W W WZ W W W V a F q W ? Z dLU z u X W w z 2 w W w a. w 2 g r = h rc K m i l F z w W z J w z w U 2 w y= 4 Q y~j Z i U W W d g W W U W a W U W a o z w c r w E v u v W a F w N K z g> 5w y~ x p 40q $ w$ y w -' rc z i w m `° v z N z zr 4 "' z u zo g w U c9 z w Z o CW7 F- O U N W z N (7 o J Y FW- F O z h l7 q F a swmi. a a U G Wp w G W Z Q O a 4¢ a<>> a "— a m¢ a u i 'o ti uo i w o rc g 0 U a x m ca [ g a i o x q a x 3 W m m a a w o s F- a F Q u o F- r W Q Orl o 0 0 0 0 0 0 0 o p p o p p 4 O O d O O O o 0 0 o O p W o a n c a m VV N Q Z YY W O m e m N ? N e v1 m m N y Ve pl a n N o n w O Q l7 m n N m 0 e a m g N ry m Nr O n 0. rn a In m v A o m m a r N r- r rp rvm a m A Y tl p N 4 M N m lnYGNNNwdTmoNAmNn O nml p N N m N tep r C r h N N Q 7 ryry e9 n IL ip m 4 N N D a N N O M ry vNi W_ m 0 OOO N N r m N N yl l +P N m Nov m rl a O m d N o r o^ N N m o m y 4p N N d N N W O N m m N m O N 0 Y _ O A Y V om0 ONO N N vl 1'1 V r r N C a Yu. 1 o m P YI r C a o rl2 M E m t YY N m m m N m N vWbNNNMNNNnm N N N r Y n ' N N S b e •- M1 0' O N N Q LL m, O w M 0. NW W lrN 7 W w z w = Lu z z Z z. Z l7 w J p uxi U W Z a z O W S a Z = M. a w w? a m a w K z o f ZW W F- 9O m ONUwm U O 4O ¢ N 3 Od F W lull aiS Z Z U i — a w w z z d O O [7 z F a a w w H w x X U U rc w W a¢ Z N y o} 7 W¢¢ of J w LuFi Z z g a a O u w w u 3 Yw a° a o a a ro z dal F F F w w w m w Z 0 LR IA p0 W 4 Z Q w F E w .J (L K U 7 y J z m F F r o m Z H w 4 4 U H W wa „ O wW w a w a F W F 240 = rc ¢ O Q O w w r- O m 5 5 i f g r w re i F O a a F FO w W w¢ z F w F Z Z FAfmo%i 1900D WILL TOWARD EVERYONE.!/ TO ONE AND ALU..!!/ EMERGENCY PULL CORDS EACH APARTMENT AT PTS HAS PULL CORDS LOCATED EITHER IN THE BEDROOMS OR BA THROOMS. THEY ARE TO BE PULLED IN CASE OF AN EMERGENCY. THEY SEND A SIGNAL TO A MONITORING COMPANY THA T CALLS 911 _ POLICE AND AN AMBULANCE ARE THEN DISPA TCHED TO OUR BUIL DING. SHOULD YOU EVER "ACCIDENTLY" TRIP THE SYSTEM A RED LIGHT WILL APPEAR. YOU SHOULD FLIP THE SWITCH UP TO TURN OFF THE RED LIGHT. d- 6 % '•, m 3 fr IF YOU DO NOT, THE POLICE AND AMBULANCE WILL STILL BE DISPATCHED FOR A FALSE ALARM. THIS TAKES THEM AWAY FROM REAL 51 TVA TIONS WHERE THEIR SERVICES ARE NEEDED. IT MAY ALSO OPEN UP PTS TO CHARGES FOR THE FALSE ALARM RESPONSE. AFTER YOU CALL 911, PLEASE CALL THE OFFICE AND LEA VE A MESSAGE REGARDING WHA T HAPPENED. THANKS, jeff If you don't have Christmas Spirit in your heart all year round....you will never f ind it under a tree tlappg floli'dag6 Goya HOLIDAY PARTY Wednesday, December 18,5:00 PM Our Holiday party will be held December 18 beginning at 5:00 in the dining room. This is a catered party and we are celebrating all religious, spiritual and seasonal occasions. Come and help us celebrate Christmas, Hanu- kah, and peace everywhere. Cost to residents is $6.00. Tickets -will be sold on Monday, Tuesday and Wednesday, December 9-10-11, from 9-10:30 am. Let's fill PTS with holiday joy and celebrate each other and our many traditions as observed by our community. NEW YEAR'S EVE PANTY Tuesday Evening, December 31 Let's celebrate New Year's eve with a party. We can either celebrate 2013 or 2014. Maybe both! Look for details later in the month. If you would like to help with this let Jeff know xo6ta TWA Cfpa& o 13 RECERTIFICATION TRAINING Wednesday, December 11, 11:00 AM There has been a lot of confusion about the recertification process regarding how rent is calculated. On December 11 at 11:00 AM in the dining room, Jeff will talk with all residents collectively to explain and answer any questions you may have as to how our rent cost is arrived at. RESIDENT BIRTHDAY PARTY Thursday, December 19, 1:00 PM This is a month of celebrations. Our birthday party will be held Wednesday, December 19 at 1:00. Cake and coffee. MITTEN/HAT/SCARF TREE We will be collecting hats, mittens and scarves this season to be donated to those who need them. Last year we collected a nice variety that we gave away. Hang them on the tree in the lobby. Our Thanksgiving Party was a huge success. Thanks to everyone who helped in any way to make it the amazing event 3t became 1 ! .1 r. z y °' 1 s_r - f 111 t - •..- e r ,. .. , . 3 j [ 3*. \ i• , q may' -. llw, f a s 6is5" w i•'' ,,.r.sA-z - .ti vi'kxe. - . --] U"', ', — ,"' ,1, Marie was born in Wells, MN, at home, one of seven children. She came to Plymouth Town Square in August after her husband of 64 years passed. Twenty years ago she and her husband placed their name on the waiting list and as sometimes happens here, when she needed to move a space opened up for her. She and her husband spent 40 years in Plymouth in the same house. Before that they were 18 years in St. Louis park. She was mainly a stay-at-home morn but later worked for Prudential Ins. and TJ Max. She is mom to 6 children, 3 boys and 3 girls; and grandmother to 13 grandchildren and 10 great grandchildren. Tai Chi— 8:30 am Monday, Tuesday and Friday A successful man is one that makes more money than his wife can spend.._ . . A successful woman is one that can find such a man. Groaners pt 1 then there was the butcher that accidently backed into his meat grinder and got a little behind in his work__ my dog gave birth to her puppies outside near the road. the police stopped and gave me a ticket for littering. how do you catch a 'unique rabbit':? simple.._ unique up on it. how do you catch a "tame rabbit"? tame way.... unique up on it. Exercise Grandpa started walking 3 miles a day when he was 62. Now he's 85 and we have no idea where the hell he is. The only good thing about exercise is that when you die everybody will say how good you look. Long walks are great_.., especially when taken by people that annoy us. I try to walk early in the morning before brain wakes up and figures out what I'm doing. Every time I hear that dirty word "EXERCISE"__..I immediately rinse my mouth out with chocolate. My first job was working in an orange juice factory, but I got canned ... couldn't concentrate. Then I worked in the woods as a lumberjack, but I just couldn't hack it, so they gave me the ax. After that I tried to be a tailor, but I just wasn't suited for it. Mainly because it was a so-so job and seamed more exciting than it was Next I tried working in a muffler factory but that was exhausting. I wanted to be a barber, but I just couldn't cut it so we parted. Then I tried to be a chef -- figured it would add a little spice to my life but I just wasn't at home on the range Finally, I attempted to be a deli worker, but any way I sliced it, I couldn't cut the mustard. My best job was being a musician, but eventually I found I wasn't noteworthy. Mining was interesting, but then they gave me the shaft. Next was a job in a shoe factory; I tried but I just didn't fit in. I became a professional fisherman, but my net income was reel low Thought about becoming a witch, so I tried that for a spell. I managed to get a good job working for a pool maintenance company, but the work was just too draining. I got a job at a zoo feeding giraffes but I was fired because I wasn't up to it. So then I got a job in a health club, but they said I wasn't Fit For the job. Next, I Found being an electrician interesting, but there were too many undercurrents. After many years of trying to find steady work I finally got a job as a history teacher until I realized there was no future in it. My last job was working at Starbucks, but I had to quit because it was always the same old grind and the job had no perks. So I retired and I found I am a perfect fit for the job! EVERY LIFE IS A PILE OF GOOD THINGS AND BAD THINGS, CHRHI5TMA5, WE USE THE GOOD PILE Son of Groaners holiday version What's red and white and gives presents to little fish? SANTA JA WS What do you call someone who is afraid of Santa? CLAUSTROPHOBIC. What do you get when you cross a snowman and a vampire? FROSTBI TE Why does Santa have 3 gardens?_ . SO HE CAN HOE, HOE, HOE The game show was really close. The host asked one contestant to name 2 of Santa's reindeer. He immediately said "Rudolph d Olive': The host said" we will accept Rudolph but. -Olive?" The contestant said 'yeah, you know_... Olive the other reindeer, use to laugh and call him names..." DECEMBER BIRTHDAYS Happy Birthday to the following residents who are celebrating birthdays this month! DALE DAV I E S 1 WOODY ALLEN 1 AARON ROGERS 2 BETTY POMERLEAU 3 TSILYA KATSNELSON 4 RAISA KOCHERGINA S KIRK DOUGLAS 9 LEV RIZI KOV 12 LEONID KRAVCHENKO 15 BARBARA GREENWOOD 17 JANE FONDA 21 LEIGH ANN BURNS 27 CHARLOTTE WOLLMAN 29 LORRAINE SMITH 30 BEVERLY ANDERSON 31 VADZIM DZEMIANIUK 31 N C 9 O C CD CD Q N I N N CO b N i V a O oo b d q y' d OW d W i. O d d O p bJ O b O O b O y O b A dbQr- 22 N +, b b W N l7 b N N t b V V N b ti, d N' \m W O a Lo O a cp Q gib Z gi b N N r b c n s b oo y y- Q sao- y a om° nrb y a o- a y a co nom?- i- co G] ti u d b b coo b CrQ CR ro o o 5 o o ro se 3 b oo N oo N oo ti Oq q d O O d A Ay Nl Oo V 1 41- V N C 9 O C CD CD Q N I PLYMOUTH TOWNE SQUARE MEMORANDUM To: Jim Barnes From: Jeff Lelivelt, Managing Director, Plymouth Towne Square Date: January 14, 2014 Re: PTS Monthly Report for December 2013 January Newsletter and Calendar attached Occupancy/Marketing Current Occupancy — 99 units (100%) Current Wait List Status One Bedroom — 68 applicants; closed Two Bedroom — 24 applicants Received notice to vacate from residents in a one bedroom and a two bedroom apartment. Effective date is January 31, 2014. Administrative/Building Operations AED battery and adhesive pads replaced. Smoke/CO detectors purchased for building. Will be installed during normal maintenance visits. Resident Services 12111 — Held recertification training class to answer questions regarding the process. 26 residents attended. 12118 — Monthly resident Saturday breakfast. 38 residents attended. 12118 —Annual Holiday Party with entertainment. 84 attendees. 12125 — Holiday Pot Luck Dinner. 22 residents attended. 15500 37th Avenue North • Plymouth, MN 55446-3250 Phoiie: (763) 550-9525 • Fax: (763) 551-0144 O%vncd by Plymouth I -[nosing and Redevelopment Authurity Balance Sheet PLYi 100TH T WNE SQUARE As Of December 31, 2013 ASSETS CURRENT ASSETS M I PETTY CASH M I OPERATING ACCOUNT M I SEC DEPOSIT CASH ACCOUNT INVESTMENTS - WORKING CAPITAL FUND INVESTMENTS - DEBT SERVICE FUND INVESTMENTS - NEW DEBT SERVICE ACCOUNTS REC-TENANTS INTEREST RECEIVABLE PREPAID PROPERTY INSURANCE PREPAID OTHER TOTAL CURRENT ASSETS FIXED ASSETS LAND SITE IMPROVEMENTS BUILDING BUILDING IMPROVEMENTS FURN, FIXT & EQUIP -GENERAL FURNITURE & FIXTURES - HOUSEKEEPING COMPUTERSIOFFICE EQUIPMENT ACCUMULATED DEPRECIATION TOTAL FIXED ASSETS NON-CURRENT ASSETS TOTAL ASSETS LIABILITIES CURRENT LIABILITIES ACCOUNTS PAYABLE -TRADE ACCRUED PAYROLL ACCRUED COMPENSATED BALANCES ACCRUED INTEREST ACCRUED REAL ESTATE TAXES ACCRUED OTHER TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES SECURITY DEPOSITS BONDS PAYABLE - SERIES 2011A BOND PREMIUM TOTAL LIABILITIES EQUITY RETAINED EARNINGS RSRVD FOR DS RETAINED EARNINGS TOTAL EQUITY CURRENT YEAR INCOME!(LOSS) TOTAL LIABILITIES & EQUITY Ending Balance Total' 500 74,382 53,869 865,513 78,624 30,868 146 2,500 12,885 2,897 459,247 111,390 5,767,619 301,779 379,211 8,696 13,060 3,370,102) 14,012 3,677 3,515 23,947 31,560 4,975 53,969 2,920,000 74,243 111,665 1,430,248 1,122,184 3,670,899 4,793,083 61,706 3,048,232 3,129,938 11,547,913 115,232 4,793,083 Profit and Loss Variance PLY MOUTH TOWNE SQUARE T hrotigh December 31. 20-i3 MTD Actual Budget Var. YTD Actual Budget Var. Year Budget INCOME APARTMENT RENTAL REVENUE 52,685 53,671 986) 627,708 644,052 16,344) 644.052 HRA INDIVIDUAL 17,167 17,167 0 206,004 206,004 0 206,004 BAD DEBT 0 0 0 5,039) 0 5,039) 0 GARAGE RENT 3,015 2,800 135 35,721 34,560 1,161 34,560 GUEST ROOM REVENUE 55 193 138) 1,870 2,316 446) 2,316 LAUNDRY REVENUE 824 890 66) 10,344 10,680 336) 10,680 APPLICATION FEE REVENUE 0 53 53) 325 636 311) 636 TRANSFER FEE REVENUE 0 0 0 0 500 500) 500 INVESTMENT INCOME 839 833 5 7,845) 9,996 17,842) 9,996 MISCELLANEOUS REVENUE 13 275 282) 216 3,300 3.084) 3,300 TOTAL INCOME 74,598 75,962 1,364) 869,102 912,044 42,742) 912,044 EXPENSES ADMINISTRATION MANAGER SALARIESIWAGES 3,845 3,750 95) 43,611 45,000 1,389 45,000 PAYROLL TAXES 537 692 155 7,997 8,304 307 8,304 HEALTH INSURANCE 479 1,050 571 5,737 12,500 6,863 12,600 WORKERS COMP INSURANCE 57 178 121 677 2,136 1,459 2,136 MAINTENANCE SALARIESIWAGES 1,682 1,551 131) 18,143 18,612 459 18,612 MAINTENANCE ASST SALARIESIWAGES 1,348 988 360) 14,143 11,856 2,287) 11,856 EMPLOYEE COSTS 80 51 29) 1,107 612 495) 612 SEMINARrrRAINING 0 25 25 255 300 45 300 BANK FEES 0 5 5 50 60 10 60 DUES, SUBS & MEMBERSHIPS 0 0 0 0 55 55 55 LICENSE & PERMITS 0 0 0 924 894 30) 894 MILEAGE REIMBURSEMENT 30 78 40 802 936 134 936 POSTAGEIOVERNIGHT EXPRESS 0 0 8 92 161 69 161 PRINTING 0 10 10 695 120 575) 120 MANAGEMENT FEFS 4,400 4,400 0 52,800 52,800 0 52,800 PROFESSIONAL FEES 0 300 300 1,409 3,600 2,191 3,500 TELEPHONE EXPENSE 499 470 29) 5,901 5,640 261) 5,840 EOULPMENT LEASEIREPAIR 0 130 130 1,931 1.560 371) 1.560 OFFICE SUPPLIES 68 85 17 1,258 1,020 238) 1.020 MISCELLANEOUS ADMIN EXPENSE 0 10 10 0 120 120 120 TOTAL ADMIN EXPENSES 13,032 13,781 749 157,533 166,386 8,853 166,386 RESIDENT SERVICES RESIDENT PROGRAMIAGTIVITIES 1,OOD 2,000 1,000 5,557 5,000 557) 5,000 TOTAL RES SERV EXPENSES 1,D00 2,000 1,000 5,557 5,000 557) 5,000 MARKETING ADVERTISING 0 15 15 0 180 180 180 PROMOTIONALIPARTIES 0 0 0 84 0 84) 0 TOTAL MARKETING EXPENSES 0 15 15 84 190 96 180 HOUSEKEEPING CONTRACT LABOR 1,474 1.489 16 17,390 17,858 478 17,068 CLEANING SUPPLIES 94 200 106 1.440 2,400 960 2,400 TOTAL HOUSEKEEPING EXPENSES 1,567 1,689 122 18,836 20,268 1,438 20,2G8 Profit and Loss Variance PLYMOUTH TOWNE QUARE Through December 31, X013 BUILDING & GROUNDS CABLE TV EXPENSE UTILITIES - ELECTRICITY UTILITIES - GAS UTILITIES - WATERISEWER WATER SOFTENING SERVICE DOORS. KEYS & WINDOWS FIRE SYSTEM SERVICE LAWN SERVICEfLANDSCAPISNOW RMVL PEST CONTROL TRASH REMOVAL UNIT TURNOVER REPAIRS ELEVATOR -REPAIRS a MAINTENANC E REPAIRS & MAINTENANCE BUILDING & GROUNDS SUPPLIES HVAC - REPAIRS & MAINTENANCE MISCELLANEOUS B & G EXPENSES TOTAL BUILDING & GROUNDS OTHER OPERATING EXPENSES PROPERTY & LIABILITY INSURANCE PAYMENT IN LIEU OF PROPERTY TAX TOTAL OTHER OPERATING EXPENSES TOTAL OPERATING EXPENSES NET OPERATING INCOME! ( LOSS) DEPREC, INTEREST & OTHER EXPENSE DEPRECIATION EXPENSE AMORT17ATION EXPENSE RESERVEIREPLACE CAPITAL EXPENSE INTEREST EXPENSE TOTAL DEPREC, INTEREST & OTHER NET INCOME! (LOSS) MTD Actual Budget Var. YTD Actual Budget Var. Year Budget 56 60 4 668 720 52 720 2,434 2,075 359) 29,927 24,966 4,961) 24,966 3,136 4,100 954 19,880 24,525 4,645 24,525 575 665 90 9,347 9,320 27) 9,320 478 345 133) 3,710 4,140 430 4,140 0 428 428 2,262 5,136 2.874 5,136 963 400 563) 4,714 4,800 86 4,800 4,364 1,500 2,764) 24,969 19,200 5,769) 19,200 145 473 328 579 5,676 5,097 5.676 323 670 347 4,140 8,040 3,900 8,040 0 3,050 3,850 27,586 46,200 18,614 46,200 521 623 102 6,111 7,476 1,365 7,476 2,970 1,500 1,470) 30,447 40,000 9,553 40,000 5,855 1.600 4,256) 14,701 19.200 4,499 19.200 218 900 682 4.493 101300 6,307 10,800 0 15 15 0 180 ISO 180 22,050 19,304 2,755) 183,534 230,379 46,845 230,379 2,537 2,592 55 29,742 31,104 1,362 31,104 2,632 2,665 34 31,580 31.992 412 31,992 5,168 5,258 90 61,722 63,096 1,774 63,096 42,826 42,047 779) 426,859 485,309 58,450 465,309 31,772 33,915 2,143) 442,443 426,735 15,708 426,735 16,450 16,833 383 197,397 201,996 4,599 201,995 527 250 277) 6,319 3,000 3,319) 3,000 0 0 0 27.146 28,200 1.054 28,200 8,106 7,982 125) 96,349 95,784 565) 95,784 25,064 25,065 19) 327,211 32B,980 1,769 328,980 6,686 8,850 2,162) 115,232 97,755 17,477 97,765 W w l zQWWm h w W N d Z N a w ¢ E Z W Ix w w ¢ F ( W W X w i 4 f w S W w 2 2 U K w W z j w w ce vi :W~W w w Wa a W S7 w F j j p oc w z g in rc w uw. z w w u w W W F u z a W K w w? 7 0 y Y [7 m a N w z a x o u chi w 7 z g mf o rc o w z p g N q z h a¢ h a o w o 2 Z Q w °' w o q 0. r O m w> g U w w oc z z w l7 o w S r z K zc w F w v Z x W 2 O w Z w J Z z 4¢ F 0.i 2 Z O Y Z F Z 4 LL W 4 U t O a¢q>> m Q w a a¢¢ w c O a a J 6 u 0 w 0 rc¢ O o O U Q= m U U 1 c? 0 r w 0 rc F' a = V V z w w D a v r r wp d M Q o Noci n r F d Y r m r' a z O a 0 T a N 4 a d h r N r O „ T 0. Q w a ry N N N of d 1 o b o h o o d W O N N rm N v cO a T 1 M a a m n w m L^ m m N M a b p rO 0. qQ p 1 r N N o0vl i - W M d O a M a m a a q m W w l zQWWm h w W N d Z N a w ¢ E Z W Ix w w ¢ F ( W W X w i 4 f w S W w 2 2 U K w W z j w w ce vi :W~W w w Wa a W S7 w F j j p oc w z g in rc w uw. z w w u w W W F u z a W K w w? 7 0 y Y [7 m a N w z a x o u chi w 7 z g mf o rc o w z p g N q z h a¢ h a o w o 2 Z Q w °' w o q 0. r O m w> g U w w oc z z w l7 o w S r z K zc w F w v Z x W 2 O w Z w J Z z 4¢ F 0.i 2 Z O Y Z F Z 4 LL W 4 U t O a¢q>> m Q w a a¢¢ w c O a a J 6 u 0 w 0 rc¢ O o O U Q= m U U 1 c? 0 r w 0 rc F' a = V V z w w a m d O W O N o d o N p N d A p j M O Y Nj o h m O O p a 'az a M V » m r» w w r n o w Y N moi 9 N mNVI M a LO O a m y_ Y a ti m m r N r w ry is owm m ri a w a 7 Zr 41 a v m m r m»» n v N l - W M a n n M v r a 9c a nQ wn a m N o N T h m ry ro oe N ry o o ari 0 d N a ro N w a l- w M a w a z N Wz w ' a wa z ~O a y a w Z Y Q N N w a otl 0 2 w a z ¢ V Z a Z p Z¢ K Z N •J.- W W N w 7 m ¢ w a w w K z p qa w w _- w w K 0. i O vi F o w N i a N Z 2 m o z j Q O a z r a a w z in 3 r zI.nw z o a "' Q a w °° m Jp i "' w¢ ¢ a W F Z z z a w u5 a w 7¢ F w w w c ww y vwi w o w o z F F F¢ rc u}i z w H a s o 4 w w w S O W w w K w w a V p .J H O w r to F a a 4 r w r w d 0 N z z a i Someone will always be prettier Someone will always be smarter Someone will always be younger But they will never be you Thins You Need To Know.!!11 Half of Americans live within 50 miles of where they grew up. Dreamt is the only word in the English Language that ends in "m t" An ostrich's eye is bigger than its brain. On the average, people fear spiders more than they fear death. One of the ingredients for dynamite is peanuts. The microwave was invented after a researcher walked by a radar tube and it melted the chocolate bar in his pocket. There are 293 ways to make change for a dollar. You can't kill yourself by holding your breath. hand, I'd sayyou're suffering from n arrow through your head, but just to play it safe, I'm orderinabunch of t t ..'N A prYP Y N1 E.. r: J PANCAKE BREAKFAST Saturday, Jan. 11, 8:30 Purchase tickets for the monthly breakfast hosted by Ray Milford on Monday, Tuesday and Wednesday. Cost: $3.50 in advance, 4.00 at the door. Sign up if you want to help set up or clean up. Many hands make for light work! LTJUC] • i.1 s\.711•/ Thursday, January 16, 1:00 MOVIE KITE Saturday, January 11, 7:00 Julie and Julia Julie Powell (Any Adams) decides to prepare all 524 recipes in Julia Child's cookbook, Mastering the An of French Cooking, in 365 days and blog about it. As she cooks there are flashbacks to Julia Childs life. Meryl Streep plays Julia and does it beautifully. This is a delightful and fun movie and will bring back many memories for those who loved watching the early TV cooking shows. Plymouth Town Square January, 2014 Cc May your year be filled with magic and dreams and good madness. I hope you read some fine books and kiss vnmonn,, whn thinks you're wonderful, and don forget to make song art—write or draw or or sing or live as only you can. And I hope somewhere in the next year you surprise yourself. veil gaiman New Stock Market Terms for 2014 CEO: Chief Embezzlement Officer CFO: Corporate Fraud Officer Bull Market: A random market movement causing an investor to mistake himself for a financial genius. Bear Market: A 6118 month period when the kids don't get an allowance, the wife doesn't get new jewelry and the husband sleeps on the couch. Broker: What my stock broker made me. Standard and Poor: My life in a nutshell. Stock Analyst: Idiot who just downgraded my stock. Stock Split: Happens when your ex-wife and her lawyer split your assets equally between themselves. Market Correction. What happens the day after I buy stocks. Cash Flow: The movement my money makes as it disappears down the toilet. Profit: An ancient and archaic word that is no longer in use. wenty five years ago Cathy Fumanti walked into a Hall- mark store in Hibbing and entered her naine in a draw- ing for a basket of ornaments. She walked out with the basket and a passion for collecting Hallmark Ornaments. Today she estimates she has at least 100! Over the years relatives have used holidays and occasions to add to her collection. Gifts are an easy decision in this family! Many of the ornaments have some sort of moveable parts. The newer ornaments are battery operated but her older ones have plugs that fit into empty sockets on a string of Christmas lights. Her first ornament has a train that runs around the inside of a globe on a miniature track. Last year her light string stopped working and it was not easy to find another as the newer lights are LED's and work in a different way. Some Hallmark decorations do not hang on the tree - Her newest addition is a wireless band; Six Disney characters each holding an instrument. Turn any one on and the band begins to play but one is featured. For instance: Mini Mouse plays a piano. When the band plays Mini is the lead musician. Most of Cathy's ornaments are collectors editions and she often chooses new ornaments based on designers because her oxnw-rients are highly sought after by collectors and appreciate in value every year. It takes her approximately three hours to decorate the tree after it has been set up. Now that it's time to put her ornaments away, Cathy must put each ornament back into its own box. Next year she will do it all over again. Only by then she will have a few new additions! ACTUAL HEADLINES FROM THE NEWSPAPER41 Florida Woman Dials 911 After McDonald's Runs Out of McNuggets One Armed Man Applauds the Kindness of Strangers Missippi's Literacy Program Shows Great Improvement Economic Slowdown Accelerates Statistics Show That Teen Pregnancy Drops Off Significantly After Age 25 Prisoner Serving a 2000 Year Sentence Could Face More Time Congress Sends Marijuana Legislation to a Joint Committee JANUARY BIRTHDAYS Happy Birthday to the following residents who are celebrating birthdays this month! MAZAHIR MAMMADOV 1 YANSHAN LI MEL GIBSON 3 ANATOLIY MORKIN 5 HELEN ANDERBERG 6 FANGHU PENG 6 SANDIREKSTAD 6 RICHARD NIXON 9 IXELIZAVETA MORKINA 10 BOB EASTLACK 12 HELEN THOMPSON 13 RENHAO ZHANG 13 MR, BETTY WHITE 17 VIVIAN SMITH 21 MARGARET PEARSON 29 kF TOM SELLICK 29 LL W. o 00 Lr- r -a N U U U U i F, qr. O q p q q M 00 cb r C-0 N O M CIO r m Lu y ti gq O O n q ti q O M R N q q a nR' N q fi rzi U CO C K O G U N a ON N NC l Oq N To aLn= a a 65a eJ TztQ21Z, o CD Q t:3 O O CS b S tiC O q Co rqj M M N q M > 6, n h N N b im V-d's".9 Crossing r -- MEMORANDUM To: Jim Barnes From: Sara Paquette Date: December 13, 2013 RE: Vicksburg Crossing Monthly Report for November 2013 December Newsletter and December Calendar attached Rentals: As of November 30th we have 94 occupied apartments with 0 vacant, and we have 1 deposit at this time, giving us a total of 0 apartments available to rent. Because we are anticipating a move out in January we have a deposit on an occupied apartment. The Low Income Apartment waiting list now has 41 names so we have been adding interested people to the list. Listed below is a breakdown of units that are occupied and vacant. Style (Total #) Square Feet Bedrooms Occupied Vacant Deposits Est'd Move in Style A (23) 850 Sq Ft I Bedroom 23 0 0 Style C (8) 884 Sq Ft I + Den 8 0 0 Style C2 (8) 950 Sq Ft I + Den 8 0 0 Style D 8) 1187 Sq Ft 2 Bedroom 8 0 1 February 1st Style D2 (4) 1281 Sq Ft 2 Bedroom 4 0 0 Style E (7) 1055 Sq Ft 2 Bedroom 7 0 0 Style E2 (3) 1055 Sq Ft 2 Bedroom 3 0 0 Affordable 33) 725 Sq Ft 1 Bedroom 33 0 0 TOTALS 94 0 1 3155 Vicksku g Lane N • Plymouth, MN 55447 • Phone (763)559-1.877 + Fax (763)559-0144 • wwv.ci.plyn-outh n n.us Qwnerl by Plynuiutb Dousing and Redevelotnnenl. Authority n EQUAL HOUSING OPPORTUNITY Move-Ins/Move-Outs: In November we had one move out of a market rate 1 bedroom (style C) and we had one move in to a market rate 1 bedroom (style C). Marketing Although traffic has slowed due to the approach of winter, we have still managed to keep vacancies down. I have had people stop by during the holiday season, who are in town to visit family, and most of them are looking to move some time in the spring or early summer. Resident Services This month we had Erica from Home Instead come to talk to the residents about financial exploitation. They found her presentation both informative and entertaining. She provided a lot of written materials that the residents could take home to reference. We had our monthly birthday party on Thursday, November 21st. We decorated with balloons, festive napkins and plates. We listed the birthday people on a balloon poster and sang Happy Birthday. We also give each resident a card on their birthday. Building Issues We did not have any building issues this month. Balance Sheet VIC`,KSBURG CROSSMNIG Ag Of Noverinber 30, 20!3 ASSETS CURRENT ASSETS M I PETTY CASH M I OPERATING ACCOUNT M I SECURITY CASH ACCOUNT INVESTMENTS - WORKING CANTAL FUND INVESTMENTS - DEBT SERVICE ACCOUNTS RFC -TENANTS INTEREST RECEIVABLE PREPAID PROPERTY INSURANCE PREPAID OTHER TOTAL CURRENT ASSETS FIXED ASSETS LAND SITE IMPROVEMENTS BUILDING FURNITURE, FIXTURES & FQUIP-GFNFRAL COMPUFERSIOFFICE EQUIPMENT ACCUMULATED DEPRECIATION TOTAL FIXED ASSETS NON-CURRENT ASSETS TOTAL ASSETS LIABILITIES CURRENT LIABILITIES ACCOUNTS PAYABLE -TRADE HEARTS & MEMORIALS FUND DONATIONS ACCRUED PAYROLL ACCRUED COMPENSATED BALANCES ACCRUED INTEREST ACCRUED REAL ESTATE TAXES ACCRUED OTHER TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES SECURITY DEPOSITS BONDS PAYABLE BOND PAYABLE -2012A BOND DISCOUNT BOND DISCOUNT -2012A TOTAL LIABILITIES EQUITY RETAINED EARNINGS-RSRVD FOR DS RETAINED EARNINGS TOTAL EQUITY CURRENT YEAR INCOME!(LOSS) TOTAL LIABILITIES & EQUITY Ending Balance 516 843,213 59,660 333,111 9,506,884 369) 1,500 16,116 5,009 874,593 238,793 9,025,428 348,957 8,660 2,577,364) 8,832 16 3,335 3,515 176,445 50,040 1,440 59,736 9,88D,D00 9,89D,D00 26,551) 26,243) 10,135,881 11,243,779) Total 10, 765, 641 7,919,087 18,684,727 24 3, 523 19,776,942 20,020,565 1,107,899) 227,940) 18, 684,727 Profit and Loss Variance Thro(F(g#1 November 30, 2013 MTD Actual Budget Var. YTD Actual Budget Var. Year Budget INCOME APARTMENT RENTAL REVENUE 93,796 88,144 5,654 1,007,093 971.474 35,619 1,080,248 APARTMENT RENTAL REVENUE - COUNTY 2,142 2,646 504) 23,492 29,106 5,614) 31,752 HRA SUBSIDY - TAX LEVY 2,500 2,500 0 27,506 27,500 0 30,000 GARAGE RENT 2,970 2,925 45 32,467 32,175 292 35,100 GUEST ROOM REVENUE 0 100 100) 3,34D 1,100 2,240 1,200 LATE FEE REVENUE 30 15 15 360 165 195 180 APPLICATION FEE REVENUE 70 53 17 770 583 197 636 TRANSFER FEE REVENUE 0 0 0 2.100 1.000 1,100 1,00D INVESTMENT INCOME 756 750 6 50,959 6.250 42,709 9,003 MISCELLANEOUS REVENUE 300 630 330) 4,574 6.930 2.356) 7,569 TOTALINCOME 102,556 97,763 4,803 1,152,655 1,078,283 74,372 1,176,676 EXPENSES ADMINISTRATION MANAGER SALARIES 4,092 4,131 45 45,554 45,507 47) 49,644 PAYROLL TAXES 548 734 186 7,722 8,074 352 8,808 HEALTH INSURANCE 1,060 1,233 173 11,506 13,563 2,057 14,796 WORKERS COMP INSURANCE 54 160 105 523 1.760 1,237 1,920 MAINTENANCE SALARIESANAGES 1,586 1,551 35) 16,461 17,061 60D 18,612 MAINTENANCE ASST SALARIES 1,469 986 481) 12,795 19,868 1,927) 11,856 EMPLOYEECOSTS 80 51 29) 960 561 399) 612 SEMINARITRAINING 0 25 25 255 275 20 360 BANK FEES 4 5 1 21 55 34 60 DUES, SUBS S MEMBERSHIPS 0 10 10 55 110 55 120 LICENSE 8 PERMITS 0 0 0 876 876 0 876 MILEAGE REIMBURSEMENT 22 68 46 473 748 275 816 POSTAGE10VERNIGHT EXPRESS 4 11 7 150 121 29) 132 PRINTING 0 5 5 50 55 5 60 MANAGEMENT FEES 4,000 4,000 0 44,000 44,000 0 48,000 PROFESSIONAL FEES 51 225 174 4,472 2,475 1,997) 2706 TELEPHONE EXPENSE 531 507 24) 5,676 5,577 99) 6,084 EQUIPMENT LEASFJREPAIR 200 128 72) 1,134 1,408 274 1,536 OFFICE SUPPLIES 0 85 85 809 935 46 1,020 TOTAL ADMIN EXPENSES 13,700 13,923 223 153,573 154,029 456 167,952 RESIDENT SERVICES RESIDENT PROGRAMIACTIVITIES 391 275 116) 3,876 3,025 851) 4.825 TOTAL RES SERV EXPENSES 391 275 115) 3,875 3,025 851) 4,825 MARKETING ADVERTISING 0 40C 400 1.945 11.408 9,463 11,808 PROMOTIONAUPARTIES 0 0 0 0 900 900 900 TOTAL MARKETING EXPENSES 0 400 400 1,945 12,308 10,363 12,708 HOUSEKEEPING CONTRACT LABOR 926 1,040 114 10,709 11,440 731 12.481) CLEANING SUPPLIES 6 120 114 1,297 1,320 23 1,441) TOTAL HOUSEKEEPING EXPENSES 932 1,160 228 12,006 12,760 754 13,920 Profit and Loss Variance VICKSBURG CROSSING Throttgh November 30, 2013 MTD Actual Budget Var. YTD Actual Budget Var. Year Budget BUILDING & GROUNDS CABLE TV EXPENSE 120 123 3 1,322 1,353 31 1,476 UTILITIES - ELECTRICITY 1,556 1,788 232 21,449 25,253 3,e04 27.437 UTILITIES - GAS 2,394 1,885 509) 22,304 15,835 6,469) 18,784 UTILITIES - WATERISEWER 1,040 925 115) 11,857 11,115 742) 12.040 WATER SOFTENING SERVICE 135 141 6 1,717 1,551 066) 1,692 DOORS, KEYS & WINDOWS 0 93 93 443 1,023 580 1,116 FIRE SYSTEM SERVICE 53 321 268 1,965 3,531 1,565 3,852 LAWN SERVICEILANDSCAPJSNOW RMVL 1,395 1,500 105 23,282 16,500 6,782) 18,000 PEST CONTROL 0 625 625 1,553 5,504 3,951 5,672 TRASH REMOVAL 1,026 800 225) 10,004 8.800 1,204) 9,600 UNIT TURNOVER REPAIRS 129 2,667 2,538 40,539 29,337 11,202) 32,004 ELEVATOR -REPAIRS & MAINTENANCE 413 460 47 5,582 5,060 522) 5,520 REPAIRS & MAINTENANCE 109 1,200 1,091 32,434 26,200 6 234) 27,403 DUILDING 8 GROUNDS SUPPLIES 927 B00 127) 7,425 8,800 1,375 9,600 HVAC - REPAIRS & MAINTENANCE 225 710 485 5,655 7,810 2,154 8,520 MISCELLANEOUS 6 & G EXPENSES 0 15 15 0 165 165 180 TOTAL BUILDING & GROUNDS 9,521 14,053 4,532 187,531 167,837 19,694) 182,903 OTHER OPERATING EXPENSES PROPERTY & LIABILITY INSURANCE 2,662 2,669 7 28,641 29,359 718 32,028 PAYMENT IN LIEU OF PROPERTY TAX 4,549 4,490 59) 56,040 49,390 660) 53,880 TOTAL OTHER OPERATING EXPENSES 7,212 7,159 63) 78,681 78,749 68 85,908 TOTAL OPERATING EXPENSES 31,756 36,970 6,214 437,611 428,708 8,903) 468,216 NET OPERATING INCOME!( LOSS) 70,811 60,793 10,018 715,044 649,575 65,469 708,460 DEPREC, INTEREST & OTHER EXPENSE DEPRECIATION EXPENSE 30,723 30,646 77) 337,949 337,106 843) 367,752 AMORTIZATION EXPENSE 208 303 95 2,266 3,333 1,047 3,636 INTEREST EXPENSE 50,815 38,415 20,400) 602,749 422.565 160,184) 450,980 TOTAL DEPREC, INTEREST & OTHER 89,745 69,364 20,381) 942,984 763,004 179,980) 832,368 NET INCOME I (LOSS) 18,935) 8,571) 10,364) 227,940) 113,429) 114,511) 123,908) a Fy r a w Gw o 0 0 0 0 0 0 0 0 0 0 0 0 o m o m m o m o m m o d o d o 0 0 o a o o a o a o 0 C If m 0 c N a n p OM a o rai n H ry - O v z op O d C O " M QQ N Gw o O h to ry m n o Y N O ip N b V V a C W n N a Q m a C O aa n a m r N r a r' r O O Xl 1. i W O n NN m` P m m Ocl Or N 2 2 2 of o M 0. E w o C m n rn a y m M m m da a Cf a W 0o N w m a a M W o - m M a Vot29M. .. n. m N W v m M N m o S 8 N 11 NV j N N U q W w O N h Z w N W w w W w yyW? w 2 7 Z ya 2 L q i Z a e• WN W W d 2W 7 w V K K w 7 W rc w z w w 4 4 YJ K E W Wha ~ w 0. w W f m N VJ x m W z wz4FZwjLLNqq N w G W1 Oz W w W W W W K V rc T Z 7 W LL p W Z N Zq Z a4 D w K O W W O z `a W F w J W zFuwou4w ] z a U W a p Nrch Ya O W 7 m a Nzg> EwFL ¢ O_ Z Z OaW u J Vi u z z W N N 0. p p w a 0 NN w F wa z 4 w r m 0 j LL Z Z J y W W IN[ I S W W T uw- tl N C'1 Z Z J Z} Z Z LL W Z Z W F Z W N H F F Y} f W z J tll fEQQ ¢ ? NOaa40. K 4 v¢ ¢ x c7 C7 a h z `s Z g Z W 4~J Z U J wW ' 4 a W 0 4 4 W 4 m V J 0 fi fG 6 X Q a x E E w w m o 7 a a a H w 0 V'i W Ow d' O W7p O r w U tNy Oi a I 1 rl tNp N M V W N M N r r r V W N r W N C! m r w o U N O " a m a 0 p n a o z a m rm- a n n g V C a uO a " D m v oo to rn n N r m m m a N a M M r ma c r a n N m N m m N v r N p M A N r O N V [O Qa 2 Z& mP 2 V4 n m v v o y a a N N r N Q N N M N M C a n IL w r wOQ I C — Nw w ly N N W a( LuZ 2 VS N U Fa- X y % O O ZW w u y z w N P w dl w F a q 7 Z K = h W N w 7 w j w ¢ a w w w a m a ¢ FQ w w x oW[ w 1 o u F° i 0 Wa o K m i O m vi h U N u d ` z 0 3 m Si r a w O o W z z z z w8z o W g a o°= F J w ce z W w z w o W w C rc a -- w F U' 2 z w 3 r W w 7° m a a m z r ou F z F F w W w p o y° rc m O y 0 a ? ^ win i j F F J w rc rrn z F N r q o u¢ W a z Q 0 wa lJ Q rc d O a F F F 4 0 w 3 l z w a m> Q r° Y F¢- O a w z rO Fmu>>> 3 0 g n rc r O a a 0 w w w F- z Q Z Vicbsburg Crossing December 2013 The holidays are fast approaching. It seems that in December we tend to pack in a year's worth of shopping, eating and parties all in one month. I hope everyone will find time to enjoy what is really important during the holiday season, spending time with family and friends. The annual holiday party at Vicksburg Crossing is the perfect opportunity to spend some time with your neighbors. It is one of our best parties of the year and this year should be no exception! We have a great night planned with Dan Perry and Bandana performing, food from Lookout Bar and Grill and lots of fun. P%! Fq Fm Fq RQ Fa FCi R4 Fm Fab !an Rq R4 fA R Pq P4 Fq 4 Pq ! RaG }R RCP RQ Fa P !a ! Fq }.b Fib Rab Fab Rab Rq R. Rq Faa !q FaR !q a a * e as ® a a a a va a as a e a ea a ea a a as a cb a Holiday Party VVtly a q 4 I Z The holiday party is scheduled for Tuesday, December hak X 10th at 5:30 with music beginning at 6:30. a Tickets for the party will be $5.00 and will be on sale in the community room on Monday, December 2nd and Tuesday, December 3rd from 10-12. If you are not able to pur- 4$ chase a ticket on one of those days they will be available in the office 4T on Wednesday, December 4th and Thursday, December 5th. We need Ps& to order food from Lookout Bar and Grill so I'm sorry but no X R tickets can be sold after Thursday, December 5th. There will be a volunteer sign up sheet on the table outside my office. R c Hope to see you at the party! ! ! hf2 Ali Ali Ali 'li Ali Ali 'kli No/ Ali Ali Ali 'li "%I,—Of -di Ali Ali Ali Ali Ali Ali Ali Rent is due on or before Thursday, December 5th Ali li 17Al i 7F,704, 7 1I i li li 1C71 Ali A1l*i 1%. 7F A1li*- 70. i ) 1lE, 7l1iz Ali 71 t 9 i 1111111 7MRf !1 77I 1 1 1 4 OIL Happy Birthday to the following residents this month: December birthdays will be celebrated on Thursday, December 19th at 2:00 in the Community Room The birthday celebration is open to all residents who wish to come down and help us celebrate. Even if it's not your birthday) k A 11 Our birthday parry is always on the 3rd Thursday of the month. B e kv Bs sek tk e1kt kv ft', tk ftt, kv kv kv kv k l k, k, k, k, k, kl, k, k, kt, 0 k, 1k 'k tv tv 'k Ann LaddAnnLadd December 5thDecember5th Eunice GolfisEuniceGolfis Helen BeckshandHelenBeckstrand December 16thDecember16th December 22ndDecember22nd Ascension Preschool In December the children from Ascension Preschool visit Vicksburg Crossing to perform their holiday program. This year they will be coming on Wednesday, December 18th at 10:00. The children love to have an audience and residents certainly enjoy the - performance. 4iV Cookies and milk are served following the performance. Hearts & Memorial q If you would like to donate to the Hearts and Memorial fund please include $1 cash with f# W, your rent check. You may donate 1 time, each month, every other month or not at all, it is IV completely voluntary. We use the funds to buy flowers for the residents who have been I hospitalized or who have Lost a Loved one.. W, Thank You! ! ! V IV Cheese and Sausage Breakfast Casserole Several residents have asked for the recipe that I occasionally make for our resident meetings and the during the holidays is a perfect time to make this dish. It is easy and can be made a day ahead of time! 8 white bread slices, cut into cubes I pound bulk sausage, crumbled and cooked 1 1/2 cups grated sharp cheddar cheese 10 large eggs 2 cups milk ( do not use low fat or nonfat) 2 teaspoons dry mustard 1 teaspoon salt Pepper Preparation: Grease 9x13 inch glass baking dish. Place bread in prepared dish. Top with sausage and cheese. Beat together eggs and the next 3 ingredients. Season with pepper. Pour over sausage mixture. (Can be prepared 1 day ahead. Chill.) Preheat oven to 350 degrees. Bake casserole until puffed and center is set, about 50 minutes. Cut into squares. Enjoy!!! New Resident Please welcome Carmen Bassing who moved in to apartment 304. Welcome to Vicksburg Crossing! Thank You I hope most of you have had a chance to see the hanging baskets on our deck. I would like to thank Kathy and Nancy for decorating them for the winter. They look beautiful! So if you have not seen them be sure to take a look next time you are in the community room. Nancy was also kind enough to donate a little tree for outside in our front garden area. Thank You! Yoga I have heard wonderful things about the Yoga classes on Tuesday mornings at 10:00. So if you have not participated you might want to give it a try? The cost is $3.00 per session. You may pay the instructor the day of class. The sessions last approxi- mately I hour. Each week there is a sign up sheet on the table outside my office. Be sure to sign up by 4:00 on Monday if you plan on attending because we need at least 10 people or the class will be canceled. Please join your friends & neighbors for Yoga in the community room!!! Resident Coffee and Meeting Don't miss our next resident meeting on Wednesday, December 4th at .' 9:00 in the community room. Our resident meeting for the month of January will be on Wednesday, January 8th because the I st Wednesday of the month falls on the New Year holiday. All residents are welcome! see you at the meeting. cn C 0 m cn m rh d CD n CD CD ti b co o0 co C rno a o0 r rno oPa 7r o o oh 00 q:7jp j n OS - C C) 0 0 0 0 0 0 0 CD n aQ 00 CD C) c D 0 CDD 0 W CDD q m m m li um i j3 a a i3 n 7a E i3 D CD O 4 CD O b O O AS4mO zi w33=- W.w• -- R g p a dam n C o n q mm m N o U W o Q O CD o CDD o d= no. no. C m no.m co ZN m FR =3 rn ti rn t13 rn rn o O 0 N V cnO C) O O W O n a n Q m A n O tiA O i Nm Vii o o i3 vO o o i3 O o o O o i3 a o v o. com h n f cn C 0 m cn m rh d CD n CD CD V Vlz86.g Crossig MEMORANDUM To: Jim Barnes From: Sara Paquette Date: January 13, 2014 RE: Vicksburg Crossing Monthly Report for December 2013 January Newsletter and January Calendar attached Rentals: As of December 31 st we have 93 occupied apartments with 1 vacant, and we have 0 deposits at this time, giving us a total of I apartment available to rent. We have a deposit on an occupied apartment because the current resident has given notice. The Low Income Apartment waiting list now has 45 names so we have been adding interested people to the list. Listed below is a breakdown of units that are occupied and vacant. Style (Total #) Square Feet Bedrooms Occupied Vacant Deposits Est'd Move in Style A (23) 850 Sq Ft 1 Bedroom 23 0 0 Style C (8) 884 Sq Ft 1 + Den 8 0 0 Style C2 (8) 950 Sq Ft 1 + Den 8 0 0 Style D (8) 1187 Sq Ft 2 Bedroom 8 0 1 February 1st Style D2 (4) 1281 Sq Ft 2 Bedroom 4 0 0 Style E (7) 1055 Sq Ft 2 Bedroom 7 0 0 Style E2 (3) 1055 Sq Ft 2 Bedroom 2 1 0 Affordable 33) 725 Sq Ft 1 Bedroom 33 0 0 TOTALS i i i 94 1 1 1 3155 Vicksburg Lane N • Plymouth, MN 55447 • Phonc (763)559-1877 • Fax (763)559-0144 • WWW.ci.plymoudi.uin.us Owned by PlyiuouLli IInusina and Redevelopment Autkorib, EQUAL HOUSING OPPORTUNITY Move-lnS/MOve-Outs; In December we had one move out of a market rate 2 bedroom (style D2) and we had a resident currently living in a 2 bedroom (style E2) transfer to the larger 2 bedroom (style D2). Marketing Although walk in traffic and scheduled tours were lighter than at other times during the year we still had several tours during the month of December. Many of the prospective residents were interested in spring or summer move in. Resident Services On Monday, December 2nd the residents helped decorate the building, the community room tables and our Christmas trees. After we finished we had coffee and treats. We had our annual holiday party which was well attended. We had the food catered by Lookout Bar and Grill, with peppermint ice cream and cookies for dessert. The residents enjoyed music by Dan Perry and Bandana. We also had a drawing for prizes which is always very popular. On Wednesday, December 18`x' the children from Ascension Pre-school came to perform a holiday program for the residents. This was the 3rd year that the pre-school has come to perform and the residents really enjoy seeing the children sing. We hope to have them return next year. We had our monthly birthday party on Thursday, December 19th. We decorated with balloons, festive napkins and plates. We listed the birthday people on a balloon poster and sang Happy Birthday. We also give each resident a card on their birthday. Buildingsues We did not have any building issues this month. Balance Sheet 16,393 HEARTS & MEMORIALS FUND DONATIONS 16 ACCRUED PAYROLL 3,864 A s Of Decerriber 1, 201-3 3,515 ACCRUED INTEREST 235,260 Ending Balance Total ASSETS 313,657 LONG-TERM LIABILITIES CURRENTASSETS SECURITY DEPOSITS 59,346 M I PETTY CASH 516 BOND PAYABLE -2012A M I OPERATING ACCOUNT 499,624 26,446) M I SECURITY CASH ACCOUNT 59,142 INVESTMENTS - WORKING CAPITAL FUND 388,111 INVESTMENTS - DEBT SERVICE 9,888,553 ACCOUNTS REC-TENANTS 28) INTEREST RECEIVABLE 2,250 PREPAID PROPERTY INSURANCE 13,454 PREPAID OTHER 4,005 TOTAL CURRENT ASSETS 10,836,227 FIXED ASSETS LAND 874,593 SITE IMPROVEMENTS 230,793 BUILDING 9,025,428 FURNITURE, FIXTURES & EQUIP -GENERAL 348,957 COMPUTERSIOFFICE EQUIPMENT 0,680 ACCUMULATED DEPRECIATION 2,608,087) TOTAL FIXED ASSETS 7,888,364 NON-CURRENT ASSETS TOTAL ASSETS 18,724,591 LIABILITIES CURRENT LIABILITIES ACCOUNTS PAYABLE -TRADE 16,393 HEARTS & MEMORIALS FUND DONATIONS 16 ACCRUED PAYROLL 3,864 ACCRUED COMPENSATED BALANCES 3,515 ACCRUED INTEREST 235,260 ACCRUED REAL ESTATE TAXES 54,569 TOTAL CURRENT LIABILITIES 313,657 LONG-TERM LIABILITIES SECURITY DEPOSITS 59,346 BONDS PAYABLE 9,884,000 BOND PAYABLE -2012A 9,890,000 BOND DISCOUNT 26,446) BOND DISCOUNT -2012A 26,139) TOTAL LIABILITIES EQUITY RETAINED EARNINGS-RSRVD FOR DS RETAINED EARNINGS TOTAL EQUITY CURRENT YEAR INCOME/(LOSS) TOTAL LIABILITIES & EQUITY 10,135,8131 11,243,779) 19, 776, 761 20, 090,418 1,107,899) 257,929) 18, 724, 591 Profit and Loss Variance VICKSBURG GROSSING Theough December 31, 2013 MTD Actual Budget Var. YTD Actual Budget Var. Year Budget INCOME APARTMENT RENTAL REVENUE 92,579 80,774 3,805 1,099,672 1.050.248 39,424 1050.248 APARTMENT RENTAL REVENUE - COUNTY 2,161 2,646 485) 25,653 31,752 6,099) 31,752 HRA SUBSIDY - TAX LEVY 2,500 2,500 0 30,000 30,000 0 30,000 GARAGE RENT 3,015 2,925 90 35,482 35,100 382 35,100 GUEST ROOM REVENUE 240 100 140 3,580 1,200 2.380 1,200 LATE FEE REVENUE 30 15 15 390 180 210 180 APPLICATION FEE REVENUE 0 53 53) 770 536 134 636 TRANSFER FEE REVENUE 500 0 500 2,600 1,000 1,600 1,000 INVESTMENT INCOME 757 750 7 51,716 9,000 42,716 9,000 MISCELLANEOUS REVENUE 200 530 340) 4,864 7,560 2.696) 7,560 TOTAL INCOME 102,072 98,393 3,679 1,254,726 1,176,676 78,050 1,176,676 EXPENSES ADMINISTRATION MANAGER SALARIES 4,240 4,137 103) 49,795 49,644 151) 49,644 PAYROLL TAXES 549 734 185 8,271 8,808 537 8,808 HEALTH INSURANCE 1,062 1,233 171 12,567 14,796 2,229 14,796 WORKERS COMP INSURANCE 53 160 107 576 1,920 1,344 1,920 MAINTENANCE SALARIESIWAGES 1,522 1,551 29 17,983 18,612 629 18,612 MAINTENANCE ASST SALARIES 1,499 986 511) 14,294 11,856 2,438) 11,856 EMPLOYEE COSTS 80 51 29) 1,040 612 428) 612 SEMINARITRAINING 0 25 25 255 300 45 300 BANK FEES 0 5 5 21 60 39 60 DUES, SUBS & MEMBERSHIPS 0 10 10 55 120 65 120 LICENSE & PERMITS 0 0 0 676 876 0 876 MILEAGE REIMBURSEMENT 10 6B 58 4B3 816 333 816 POSTAGEIOVERNIGHT EXPRESS 15 11 4) 166 132 34) 132 PRINTING 0 5 5 50 60 10 60 MANAGEMENT FEES 4,000 4,000 0 48,000 48,000 0 48,006 PROFESSIONAL FEES D 225 225 4,472 2,700 1,772) 2,700 TELEPHONE EXPENSE 529 507 22) 6,205 6,084 121) 6,084 EQUIPMENT LEASEIREPAIR 47 128 81 1,181 1,533 355 1,536 OFFICE SUPPLIES 133 85 48) 1,022 1.020 2) 1.020 TOTAL ADMIN EXPENSES 13,738 13,923 185 167,311 167,952 641 167,952 RESIDENT SERVICES RESIDENT PROGRAMIACTIVITIES 1,261 1,000 539 5.137 4.825 312) 4,825 TOTAL RES SERV EXPENSES 1,261 1,800 539 5,137 4,625 312) 4,825 MARKETING ADVERTISING 0 400 400 1,945 11,808 9,863 11,808 PROMOTIONALIPARTIES 0 0 0 0 900 900 990 TOTAL MARKETING EXPENSES 0 400 400 1,945 12,708 10,763 12,708 HOUSEKEEPING CONTRACT LABOR 926 1.040 114 11,635 12,480 845 12,480 CLEANING SUPPLIES 12 120 108 1,309 1,440 131 1,440 TOTAL HOUSEKEEPING EXPENSES 938 1,160 222 12,944 13,920 976 13,920 Profit and Loss Variance Through Dc-comber 31. 2013 MTD Actual Budget Var. YTD Actual Budget Var. Year Budget BUILDING & GROUNDS CABLE TV EXPENSE 120 123 3 1.442 1.476 34 1.476 UTILITIES - ELECTRICITY 2,016 2,184 168 23,484 27,437 3.973 27,437 UTILITIES -GAS 5,109 2,950 2,150) 27,413 18,794 6,619) 18,794 UTILITIES - WATERISEWER 904 925 21 12,761 12,040 721) 12,040 WATER SOFTENING SERVICE 156 141 15) 1,873 1,692 181) 1,692 DOORS, KEYS & WINDOWS 4 93 69 447 1,116 669 1,116 FIRE SYSTEM SERVICE 53 321 268 2,019 3,852 1,833 3,852 LAWN SERVICElLANDSCAP/SNOW RMVL 3,883 1,500 2,383) 27,165 19,000 8.165) 19,000 PEST CONTROL 164 166 4 1,717 5,672 3,955 5,672 TRASH REMOVAL 1,062 800 262) 11,065 9,600 1,465) 9,600 UNIT TURNOVER REPAIRS 3,733 2,667 1,066) 44.273 32.004 12,269) 32904 ELEVATOR -REPAIRS & MAINTENANCE 413 460 47 5.905 5,526 475) 5,520 REPAIRS & MAINTENANCE 109 1.200 1.091 32.543 27,400 5,143) 27,400 BUILDING & GROUNDS SUPPLIES 391 800 409 7,816 9,600 1,784 9.600 HVAC - REPAIRS & MAINTENANCE 910 710 200) 6,566 8,520 1,954 8,520 MISCELLANEOUS B & G EXPENSES 0 15 15 0 180 180 180 TOTAL BUILDING &GROUNDS 19,026 16,066 3,960} 206,557 182,903 23,654) 182,903 OTHER OPERATING EXPENSES PROPERTY & LIABILITY INSURANCE 2,662 2,569 7 31,303 32,020 725 32,026 PAYMENT IN LIEU OF PROPERTY TAX 4,549 4,490 59) 54,589 53,880 709} 53,980 TOTAL OTHER OPERATING EXPENSES 7,212 7,159 53) 85,892 85,908 16 85,908 TOTAL OPERATING EXPENSES 42,175 39,508 2,667) 479,786 468,216 11,570) 468,216 NET OPERATING INCOME! I LOSS) 59,896 58,886 1,011 774,940 708,460 66,480 708,460 DEPREC, INTEREST & OTHER EXPENSE DEPRECIATION EXPENSE 30,723 30,646 77) 366,671 367,752 919) 367,752 AMORTIZATION EXPENSE 208 303 95 2,494 3,636 1,142 3,636 INTEREST EXPENSE 58,955 38,415 20,549) 661,703 460,980 200,723) 460,980 TOTAL DEPREC,INTEREST &OTHER 89,985 69,364 20,521) 1,032,869 832,368 200,501) 832,368 MET INCOME I (LOSS) 29,989) 10,479) 19,510) 257,929) 1123,908) 134,021) 123,908) a a;2 9 9 12 W M1 m z m a r m r o VV G m r o 0 oc W O O " M Y d m O a M m a m m b L O O N Y O o 0 N p r M r a > i m o d o m d o m n c m o H ma 0 C v a o cwm p r a d m 4o G O d A 61 01 NN A d d© d 6 o N d d A m d 4 N m O V o M P O O ij W M 0. w Q M a 3 W Nv a N rmm C, E p m r w M a n4 N N r n o 0 0 o ff t•j m M r W O n o R N N N m a0 1 d o 0 o m o od m vl a rn n 40 O ppN a m k w a m F N Z W 0 U) Z w NLU wR W W Z Z W U Q W d h > Z W W ZQ S Z 0.( WW F d X 7 OC w Q K "' 4 Z V X W ? a W Z Z W N N W 2 N N W R W Z w F Oil W K w W U Y w w W X } W W z Z r w Z W O N Z N Z a VQl G r Z W 7 Z d W Z U U, W lrl D - W rc rc ~ 0. w wrp W O g W O Z m w _ w Fes- S w w J S O Y l7 m a m F H A W D p 11" Z W 4 N F N D 2 2 Urh N d W D W D F d w d W Z Q R w W W@ W 2 W Q~ w S J V W r w 2 W Z W Y¢ LL l7iJ W W l7 Z_ W N n W J Z z F F E w U Z J E N Y l U Z FW W Z N Z Q J F W OJ Z Y Z F r Q ti 0. U Q Q W Q u Z Q O R 4~ tt > N a W f d w 0¢ d w m] U IL a a 4 W D7: 1 D m w D o D p W O C -C K¢ x3 m r o r war ¢ r = r z r w mw w s z z = aw F rc z m rn . x 6 X O WzW cn w w z¢¢ w N h W m w Z F W 4 7 z 4 Z ywj J N U N Z Z O W W qq ti W W rc 3 i ti vi l 7 xLL, rc K a f O m m w o w V c Z 7 z a m? Z l 7 Z a a w 00 r d a w= in z zw Fm° z= ywwzru OowmQzwmu7 OJ 7 W W 4 rc owC r 4 W w Fa Z Of Z K MK w l7 N Y N W Z W a, D l7 W O Y F O W q zg s g z w F F F w rc N z o y n 4 o s Q eL ww E 4 O a V i- w 4 O 0 Lu0 o zOwu`qi Z C,¢ O Q O W N O U D>> g LL g d F w K m O w w q sd" ?~ w r z z q m -k m A YN, a n r T a M W o m rn t0 M1 GN r » M •- m w N N N N Yim mrN a m N i m f4 a NQ N mM WN a a o z W O Nr r f'QI m N o0_ M N M a YJ C r W Y Y .n- m p N m m P J w m ry r W udi N N O n N m m A O - M4 M p N a r W U C1 m Q m m w N m h n m n mN w a N N n N N 0 ry p N d a C r Q H A O Y tl N ern a m vmi m n N n OI d W wl r N GI CW ao v r N r ro m Q R C N Y J F m N m r N r r md d4 m N N N N N N Q V1 N N a m W m b N a N N M r a C6m vl m ^r mw w s z z = aw F rc z m rn . x 6 X O WzW cn w w z¢¢ w N h W m w Z F W 4 7 z 4 Z ywj J N U N Z Z O W W qq ti W W rc 3 i ti vi l 7 xLL, rc K a f O m m w o w V c Z 7 z a m? Z l 7 Z a a w 00 r d a w= in z zw Fm° z= ywwzru OowmQzwmu7 OJ 7 W W 4 rc owC r 4 W w Fa Z Of Z K MK w l7 N Y N W Z W a, D l7 W O Y F O W q zg s g z w F F F w rc N z o y n 4 o s Q eL ww E 4 O a V i- w 4 O 0 Lu0 o zOwu`qi Z C,¢ O Q O W N O U D>> g LL g d F w K m O w w q sd" ?~ w r z z Vic1 sb,,,LYg Cr(-,st3irig January 2014 I hope everyone had a wonderful holiday season! I really enjoy seeing the family and friends that come to visit over the holidays, many come from out of town and don't get to visit Vicksburg Crossing as often. Jeanette always makes sure that all our visitors feel welcome. I would like to thank her for putting out the cookies, crackers and cheese and the apple cider and coffee on Tuesday, December 24th for everyone to enjoy. I know that not only do our visitors appreciate it, but also many residents who happen to be in the building that day or who pass through the lobby, often stop to visit and have a treat. Thanks Jeanette! Holiday The office will be closed on Tuesday, December 31 st and Wednesday, January 1 st for the New Year Holiday. 41or Happy New Year!! 640 Hearts & Memorial Luncheon Our annual Hearts & Memorial luncheon will be on Thursday, January 23rd at 12:00 in the community room. This is a fR time we get together to remember our friends from Vicksburg r V Crossing who have either passed away or have moved on to a Vdifferent home. V We do not charge for this party but I do ask that people interested in V coming to the party sign up on the sheet outside my office. V We will be having sandwiches, chips, fruit and dessert. VIf you have any pictures or stories about people who are no longer at IV, V Vicksburg Crossing please bring them to share. IWI IV Maintenance and Building Issues Lately I have had several complaints that there are no grocery carts down in the garage when a resident needs one. They were probably being used more than usual during the holidays, but please make sure that if you do use a cart that you return it to the garage as soon as possible. Your neighbor might need one!!! If you get mail in your box that does not belong to you please don't leave it on the ledge in front of the boxes. Either bring it to the office and I will deliver it to the person or slip it under their door. Thank You! ! ! A helpful household tip Kathy, in 114, wanted me to pass on this laundry tip. For stains that never seem to come out of clothing (especially grease stains on t -shirts) try a little Dawn liquid dish soap. Apply Dawn liquid dish soap generously on the spot. Let it sit for 2-3 days and then wash with a regular load of laundry. Decorating for the Holidays I would like to thank everyone who helped decorate the building for the holidays. It is a` lot of work but thanks to the many volunteers we had things moved along quickly. A spe- cial thanks to Kathy Erickson who was responsible for the lovely centerpieces in the community room. There are a couple of residents I would like to thank for their contribution to our fall deco- rations. Frank who decorated our lobby and our outdoor pots again this year. They looked beautiful! Also thank you to Donna Hunstad who contributed several fall decorations in the community room and a wonderful wreath.` We are very lucky to have such talented residents that can help keep the building looking beautiful! ! Unfortunately we cannot leave our decorations up year round. It is not nearly as fun taking them down but it must be done. If you can help with this chore we will plan on meeting in the lobby at 10:00 in the morning on Monday, January 6th. Thank You....Rt t 1711ss + , s s , , s , L311 Happy Birthday to the following residents this month: January birthdays will be celebrated on Thursday, January 16th at 2:00 in the Community Room The birthday celebration is open to all residents who wish to come down and help us celebrate. Even if it's not your birthday) birthday party is always on the 3rd Thursday of the month. Laura Roiger Cheri Balthazor Eileen Morhaim Pat Forcier Ida B eltrand January 7th January 8th January 18th January 21st January 29th News from the Bridge Table If anyone was disturbed by some strange wailing on Tuesday, December 17th, Sam would just like to let you know that there is no need to be concerned it was coming from the ladies at the Bridge table. li 1 1 li li li li li IG li 1 li li li Ali 1 Ali li I li Ali Ali li SIG lik i} i} IN } il i} } 11 mill i}N iIN i} 71N } il%- 71T 11C 70Z 1 7F 71- i1C i0. ; Rent is due on or before Sunday, January 5th \1\ I 1 Ali Ali Ali 1 li Ali Ali 1 li Ali li Ali li Ali Ali li Ali Ali li Ali li Ali Ali Ali 71 Yoga I have heard wonderful things about the Yoga classes on Tuesday mornings at 10:00. So if you have not participated you might want to give it a try! The cost is $3.00 per session. You may pay the instructor the day of class. The sessions last approxi- mately 1 hour. Each week there is a sign up sheet on the table outside my office. Be sure to sign up by 4:00 on Monday if you plan on attending because we need at least 10 people or the class will be canceled. Please join your friends & neighbors for Yoga in the community room!!! Resident Coffee and Meeting °° g Don't miss our next resident meeting on Wednesday, Januar 8th atgy y -. 9:00 in the community room. The meeting has been moved in January because the 1 st Wednesday of 42 the month falls on the New Year holiday. I hope people will think about any changes to our activity calendar for p next year. I am always looking for new activities, music or food for our o resident parties. Sogleasebring our suggestionsestions for 2014 to the GpY meeting. ° All residents are welcome! Hope to see you at the meeting. ° tio~ e ti w o a . a 4 4a.56 o a 3 3 3CbCD o q0 • O A X) Cb rij Cb CA cD Q C2 CD Cb d7 r N w CD ti. N 2 o C7 3 o 2 3 o 2 o r CD p I CD O CD O %Cl (D a r a q a Oo b - co A p co A p n sa m n A, Q w n O n O n Q O O Q O OO* I Oq OOh 0% Spi D L i n zi• w Ulur r 'o a r ti cD o cr O a W A, O t O cD O U cb O trr co c CD a aa- a- wm tr a a zr a q q O a t a IV 4 a 4 q d R o o n O a o w O (3 O C^31 O z, O C 31 O Q O d a O00 4 O c ic O 0 Agenda Number "j. A - PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY STAFF REPORT TO: Plymouth Housing and Redevelopment Authority FROM: Jim Barnes, Housing Manager through Steve Juetten, Executive Director MEETING DATE: January 23, 2014 SUBJECT; Oppidan Development — Consider Request to waive part of Section 5.1 in Redevelopment Agreement BACKGROUND: At the August 25th, 2011 meeting, the HRA Board approved the request to modify the Tax Increment Financing (TIF) Plan for the HRA TIF district 1-3 on behalf of Oppidan Development. This is for the redevelopment of the Plymouth Shopping Center, which is located on Highway 55 just west of County Road 73. The Board approved TIF in an amount not to exceed $1,899,645 to assist Oppidan Development with the demolition of the existing building and to make infrastructure improvements. Oppidan has been working over the past year to complete the Stage 1 and Stage 11 road improvements as required by the Redevelopment Agreement. At this point, they are approximately 95% complete with the improvements and will be 100% complete by early next year. They are unable to complete the remaining improvements (see attached punch list) at this time due to weather conditions. Oppidan has submitted a letter requesting the issuance of the TIF note and the release of the increment cui7ently being held by the city (attached). The Redevelopment Agreement requires that 100% of the Stage I improvements be completed and the City provide a certification accepting the improvements. Staff is agreeable to this request as the City still holds an irrevocable letter of credit that is sufficient to cover the cost of the remaining improvements. RECOMMENDATION: Staff recommends that the Plymouth Housing and Redevelopment Authority Board of Commissioners adopt the resolution approving the waiver to Section 5.1 of the Redevelopment Agreement and approve the issuance of the TIF note to KTJ 198, LLC. ATTACHMENTS: 1. Developer request letter. 2. Redevelopment Agreement (Sections 4 & 5 only) 3. Resolution Builder of towns. Creator of value. 5125 COUNTY RoAD 101 • #100 • Mim4EToN A, MN 55345 • PHONE: 952/294-0353 - FAx: 952/294-0151 • WEB: wwiw.oppidan.com December 16, 2013 Received Mr. James Barnes, Housing Manager City of Plymouth DEC 1 8 2013 3400 Plymouth Boulevard Plymouth, MN 55447 CitY Of Plymouth Community Davelopmant Department RE: Request for Release of Tax Increment Financing Note TIF Redevelopment Agreement - Crossroads Commons Re -Development Dear Jim: Per our recent conversation, this letter shall serve as a formal written request for the City of Plymouth Housing and Redevelopment Authority to release the Tax Increment Financing Note contemplated under the Redevelopment Agreement dated May 1, 2012. In accordance with the terms of this Agreement, the note shall be issued and payments shall be made once the City Engineer has confirmed in writing that the Improvements, including the First Stage Street Improvements but excluding the Second Stage Street Improvements, have been completed and a Certificate of Completion is issued. This is outlined in Section 5.1(a) of the Redevelopment Agreement. As of today, Phase I work has substantially been completed. Attached is the punchlist that has been received by the City Engineer with the First Stage Improvements remaining to be adjusted in yellow. Please note that the signs outlined in #4 has been installed and the signs referenced in #3 are ordered and will be installed in the next 2-3 weeks, once received. Additionally, the City of Plymouth is holding Irrevocable Letters of Credit for work to be completed on both the First Stage and. Second Stage improvements, which we are not requesting any reduction on at this time. Please forward this request to the Authority for their meeting in January. if you need more Information or have any questions, please contact me. Sincerely, fes" Paul J. cci. Preliminary Utility Punch List From the City of Plymouth Date: November 25, 2013 Project Description: Crossroads Commons Project Completion Date: October 31Sr, 2014* City Project No: A2011014 Owner: Oppidan Project Engineer: Westwood Professional Services Contractor: Minnesota Utilities and Excavating "MU&E" Prepared by: Bud Broekema City of Plymouth Engineering Division Attached please find a copy of the preliminary punch list developed from inspections performed during the month of October, 2013. Further items may be added as warranted. Contact me after the work has been completed. Then a re -inspection of the items can be preformed. If you have any questions, please contact me at any time. Thank you, Bud Broekema Cell # (612) 490-4874 Fax # (763) 509-5510 Cc: Shawn Drill, Senior Planner File Except for final wear course Page 1 of 3 Preliminary Utility Punch List for Crossroads Commons 2011014 11/25/13 Preliminary Utility Punch List for Crossroads Commons City Project 2011014 11/25/2013 Work inspected by Bud Broekema from the City of Plymouth. 612) 490-4874 Note: Record plans must be filled with the city, the utility punch list completed and a letter of credit submitted covering the two year warranty of the utilities before this project can be accepted. Small Utility Items: Not installed so nothing noted at this time Street & Walkway Items: An inspection of the streets and walkways will be preformed just prior to the wear course placement. But there are a few items that need to be addressed at this time. Phase 1 items 1. Install all of the signage. Remember street signs shall be mounted on the same pole as a stop sign if both are required at an intersection. 2. C--omplette sl-F;ppiflg-as shewn--en-plan -1-3, more pending in 2014. 3. "No Parking/Fire Lane" signs are not for use along the public roads. Change all of them to MN's MUTCD`s sign #'R8-3" 24"x24" (Pending) 4. Install street sign for "West Medicine Lake Drive" and "State Hwy 55" on top of the "STOP" sign at the N.E. corner of West Med and the frontage road. (Pending) 5. Settlement in the bituminous walk around signal hand hole next to CBMH-13 on West Medicine lake Dr, patch. (Pending) 6. Pave parking area for jet truck around "EX MH #S56" along HWY 55. The old pavement was removed in this area after direction was given for it to remain. (Pending) 7. Install two permanent type III barricades at all unused driveways. (Pending) 8. Pave sidewalks or walkways through the unused driveways. (Pending) 9. Base course pavement failure for the full width of the road from Sta. 11+75t to 12+50 f, replace this section of roadway in 2014. (Added 11-6-13) (Pending) Sanitary Sewer and Watermain Items: General Notes) Touch up paint all new hydrants and attach tracer wire to upper hydrant flange bolt. Install flanged steel marker post with "M.H. or G.V." next to all off road manholes and gate valves that are not in a maintained (mowed) area. Install steel fence posts next to the end of all sewer and water services Trim Poly below grade at all hydrants. Frontage Road sheet 8 of 17 1'O":-7 [yds} rS 1 25-enthe -setrth-5ide-e€-the-stfeet - edjus"ydra4 salve-bex--te-f nis-h-grade-and hydi-ant exter sie Page 2 of 3 Preliminary Utility Punch List for Crossroads Commons 2011014 11/25/13 Qtr . ate seHiee @ 7 1 30 efl t .,.i side yeF&ad- --dea"ut Valve 1 ex se it can be keyed 12. Hydrafft- 4Q-en4he seut l side of the street tliffiiC)Wa-dS the street. JI 'ydFaniit ..-1 1• ArliR i ween the uth •.-1 f the Fn al-- read u street. A - 1--i–' aTr 4. , -1ctairre4h-sMe •, of the `^oi taE e_Ft+ai a4ve @iFaiic`i-•'uicc-siire icIII Reyed h + d nr- ., V JGQ 11-C.IiA T IC pe S"[U-"-"C7ffiaF 6ite- 15. San MH -1 Casting slid re -center, rings installed upside down re -install, I & I barrier too short install to bottom of casting, clean invert. (Pending) 16. Ex San MH -182 in bit trail @ 12+10 Install I&I barrier. (Pending) 17. Ex San MH just down 5treang fFenq #!-'-' adjust te finished grade aFid install ehannel-lx6t_wi 411=11" ffiaFke"6te Storm Sewer Items: General notes: Install flanged steel marker post with "M.H." next to all off road manholes or catch basins. f=rontage Road (sheet 9 of 17 18. FES -7 Add more rip -rap (Pending) Eever-t$-tead FAfaire-@-&BL-ef-kes Med+e[ne-N<-D----ehangee—vaK, - ax SEvvi.-crit-n6w eads WATER-. s-• iii `kfiEV1CTTfi'QPeLITiAnxa 21. FES -10 2L. -FESII Install rip -rap per std City detail (Pending) Remeve t ash Guard 23. CBMH-12 Install i additional adjusting ring for 2 total (Pending) 24--E131III - peR4er--inspeet en 25. CBMH-14 Install 1 additional adjusting ring for 2 total (Pending) 26. CBMH-15 Install 1 additional adjusting ring for 2 total (Pending) 2&: ST-Mr5 Remo ebFis e-up-_,treaffl-pipe 29. EX STMH-B 30., ;TMH -1 - Install 2 rings under the casting (Pending) Clea„- inve 1-ST,H-16-_._-._-..-.rnstaN-2-Hffgs-under-the-cast-irig 32.4 WY4)1teh-between-FES 19 & 29--re-grade; exist ir g i ieldts g vater eas f ES 2B 33. CBMH-2 No adjusting rings install 2 rings minimum per detail (Pending) 34. CBMH-2A No adjusting rings install 2 rings minimum per detail (Pending) 35. STMH-3 Install 1 additional adjusting ring for 2 total (Pending) 36. STMH-21 Install i additional adjusting ring for 2 total (Pending) 3?-C-BP4H-4A 0peR-for-inspeetien 3.8- -ST-MM 2- ---- -0ea a -invert 39New rQ in the N -.W. ex-ner--of-C4-73-&-H Y55-- peaf-invert Frontage Road (sheet 10 of 17) 40. Install or correct "Basin A" drain tile. (Pending) Page 3 of 3 Preliminary Utility Punch List for Crossroads Commons 2011014 11/25/13 Statutes, Section 116J.993, subdivisions 3 and 3(17). Therefore, the provisions of Minnesota Statutes, Sections 116J.993 through 116J.995, are not applicable. Section 3.5 Assessment Agreement. a) An Assessment Agreement shall be executed by the Master Developer and the Authority as of the date hereof, and the Master Developer shall cause the Assessment Agreement and the executed Assessor's Certificate, in the form attached thereto, to be recorded against the Development Property as soon as reasonably practicable and, in any event, prior to the recording of any mortgage, security agreement or other instrument creating a lien on such parcels or transfer of any interest in such parcels, all consistent with Section 3.42 of the Assessment Agreement attached as Exhibit D hereto. ARTICLE 4 Construction of Project Section 4.1 Phase Site Plans. Prior to commencing construction of the Improvements for a Phase, Developer must submit Phase Site Plans for the Phase to the Authority for review. The Phase Site Plans must provide for the construction of the Improvements for that Phase in a manner that conforms to the Tax Increment Financing Plan, this Agreement and all applicable federal, state and local laws, statutes, ordinances and regulations. The Authority shall approve the Phase Site Plans in writing if, in the reasonable discretion of the Authority, the Phase Site Plans: (a) conform to the terms and conditions of this Agreement; (b) conform to all applicable federal, state and local laws, ordinances, rules and regulations; and (c) no Event of Default has occurred_ The Authority shall delegate its approval of the Phase Site Plans to the City. No approval by the Authority shall relieve Developer of the obligation to comply with the terms of this Agreement, applicable federal, state and local laws, ordinances, rules and regulations, or to properly construct the Project. No approval by the Authority shall constitute a waiver of an Event of Default. Any disapproval of the Phase Site Plans shall set forth the reasons therefor, and shall be made within 34 days after the date of their receipt by the Authority. If the Authority rejects the Phase Site Plans, in whole or in part, Developer shall submit new or corrected Phase Site Plans within 34 days after written notification to Developer of the rejection. The provisions of this Section relating to approval, rejection and resubmission of corrected Phase Site Plans shall continue to apply until the Phase Site Plans have been approved by the Authority. If the Developer desires to make any material change to the Phase Site Plans for a Phase after the Authority has approved them, the Developer must submit the proposed change to the Authority for its review and approval, and the Authority must approve the proposed change unless the Authority reasonably determines that, as a result of the proposed change, one or more of the requirements set forth in this Section are not satisfied. If the Authority rejects the proposed change the Authority must notify the Developer of the Authority's rejection of the proposed change within ten (I4) Business Days of the Authority's receipt of the proposed change. W Section 4.2 Undertaking of Improvements a) Subject to Unavoidable Delays and except as provided below, Developer will construct or cause to be constructed the First Stage Street Improvements no later than December 31, 2012. Developer will construct or cause to be constructed the Second Stage Street Improvements no later than December 31, 2013. Developer anticipates that it will construct or cause to be constructed Phase I of the Project no later than December 31, 2012 and Phase II of the Project no Iater than December 31, 2015. b) Upon approval by the Authority of the Phase Site Plans for each Phase, the Developer shall promptly begin the Phase and diligently prosecute the completion the development of the Development Property in accordance with the requirements of the Project Description. Developer shall make reports, in such detail and at such times as may reasonably be requested by the Authority, as to the actual progress of Developer with respect to the Project. c) Developer shall not interfere with, or construct any improvements over, any public street or utility easement without the prior written approval of the City. All connections to public utility lines and facilities shall be subject to approval of the City and any private utility company involved_ All street and utility installations, relocations, alterations and restorations shall be at Developer's expense and without expense to the City or the Authority. Developer at its own expense shall replace any public facilities or utilities damaged during the Project by the Developer or its agents or by others acting on behalf of or under their direction or control of the Developer. Notwithstanding anything herein to the contrary, neither the Developer nor the Development Property shall be subject to assessment for costs associated with the construction of the Improvements. Section 4.3 Certificate of Com 1petion. a) Promptly after completion of the Improvements including the First Stage Street Improvements but excluding the Second State Street Improvements, evidenced by the Developer's provision of an architect's or general contractor's certificate to the Authority and evidence that Developer has met the requirements contained in the certificate of the City Engineer, the Authority will furnish Developer with a Certificate of Completion as to such Improvements, which shall be conclusive evidence of satisfaction and termination of the agreements and covenants of this Agreement with respect to the obligations of Developer to complete such Improvements. The furnishing by the Authority of a Certificate of Completion for such Improvements shall not constitute evidence of compliance with or satisfaction of any obligation of Developer to any Mortgagee. The Authority may delegate its provision of a Certificate of Completion for such Improvements to the City. b) Promptly after completion of the Second Stage Street Improvements, evidenced by the Developer's provision of an architect's or general contractor's certificate to the Authority and evidence that Developer has met the requirements contained in the certificate of the City Engineer, the Authority will furnish Developer with a Certificate of Completion as to such Improvements, which shall be conclusive 10- evidence of satisfaction and termination of the agreements and covenants of this Agreement with respect to the obligations of Developer to complete such Improvements. The furnishing by the Authority of a Certificate of Completion for such Improvements shall not constitute evidence of compliance with or satisfaction of any obligation of Developer to any Mortgagee. The Authority may delegate its provision of a Certificate of Completion for such Improvements to the City. c) If the Authority shall refuse or fail to provide a Certificate of Completion, the Authority shall, within 15 days after the Developer provides the architect's or general contractor's certificate referenced in Section 4.3(a) or (b), provide Developer with a written statement specifying in what respect Developer has failed to complete the Improvements in accordance with this Agreement, or is otherwise in default, and what measures or acts will be necessary, in the opinion of the Authority, for Developer to obtain the Certificate of Completion_ ARTICLE 5 Tax Increment Financiniz of Improvements Section 5.1 Payments Pursuant To Limited Revenue Tax Increment Note To Pay TIF Development Costs. The Developer agrees to and shall be responsible to pay all of its respective costs of the Project, as herein provided. However, the Authority, in order to encourage the construction of the Project, is willing to finance the Public Development Costs. The Authority agrees that it will make payments to the Master Developer, including from funds currently held by the City, and pursuant to a limited revenue tax increment note (the "Note'), the form of which is attached hereto as Exhibit C, in a principal amount sufficient to pay the Public Development Costs attributable to the Improvements as listed on Schedule C hereto, with the Note to be issued and interest to begin to accrue upon the date of issuance of the Certificate of Completion pursuant to Section 4.3(a) hereof, said payments of principal and interest to be made on the dates the "Payment Dates") and in the amounts set for such payments in Schedule D hereto, which is incorporated herein, but subject to the following terms and conditions, including adjustment as provided in Subsection (c) below: a) Notwithstanding the Payment Dates provided in Schedule D, no payments shall be made by the Authority to the Master Developer unless and until the City engineer has confirmed in writing to the Authority that the Improvements including the First Stage Street Improvements but excluding the Second Stage Street Improvements have been completed, and the Certificate of Completion has been issued as contemplated in Section 4.3(a) hereof b) The Authority will apply the Tax Increment first to pay any administrative expenses relating to the Development Property to the extent permitted by the Tax Increment Act and to the extent that such expenses have not been paid or reimbursed to the Authority by the Master Developer. Any Tax Increment remaining after the payment of any administrative expenses then due and owing (the "Available Tax Increment") shall be paid to the blaster Developer for reimbursement of the Public Development Costs plus interest as provided above on the Payment Dates, up to the maximum principal amount of 1,899,645.00. 11- c) If, upon completion of the Improvements, the total of the actual Public Development Costs are lower than the total of the Public Development Costs shown in Schedule C and the budget included as part of the initial Schedule D, then the principal amount to be reimbursed to the Master Developer hereunder shall be reduced to the actual total cost amount of the Public Development Costs and a new Schedule D shall be prepared and substituted, which will amortize said actual cost over the remaining Payment Dates such that amortized payments of principal and interest in each year thereafter are equal, as nearly as practicable, such principal to bear interest at the rate of six percent (6%) per annum. In addition, in the event the time for distribution of property tax revenues to the Authority by the County shall be modified from the dates presently in force, the parties shall amend Schedule D to the extent necessary to conform with the intention of the parties that the Payment Dates shall fall approximately 30 to 45 days after the expected dates upon which the Authority receives its major property tax distributions from the County. d) The Authority shall be obligated to make the payments to the Master Developer required pursuant to this Section 5 only fi-orn and to the extent of the Available Tax Increment actually received from the Tax Increment District for any tax year, and such payments shall never be considered to be a general obligation or indebtedness of the Authority or the City; provided that the amount required to be paid by the Authority to the Master Developer on any Payment Date shall not exceed the amount set forth in Schedule D as amended. If, on any Payment Date, the amount of the Available Tax Increment available to the Authority from the Tax Increment District and to be paid to the Master Developer under Section 5.1 is not sufficient to pay the 'installment then due the Master Developer under this Section 5.1 in full, the funds available shall be applied first to interest and then to principal then due. To the extent that an installment of principal or interest to be paid under this Section 5.1 is not paid on a Payment Date because the amount of Available Tax Increment under Section 5.1(b) is insufficient therefor, such installment shall continue to be an obligation of the City under the terms of this Agreement, but shall not bear interest from and after said Payment Date, and shall be paid, subject to the provisions of Section 5.1(e) hereof, only from Available Tax Increment actually received and available therefor under Section 5.1(b) hereof on the next subsequent Payment Dates, after the payment of the installment of principal and interest payable on said subsequent Payment Date. e) Upon thirty (30) days' written notice to the Master Developer, the Authority may prepay all or a portion of the outstanding principal balance due to the Master Developer pursuant to this Section 5. 1, and Schedule D, without penalty, on any date at a prepayment price equal to the outstanding principal balance to be prepaid plus accrued interest to the prepayment date. If a partial prepayment is made, the prepayment shall be applied to the last maturing installments of principal and the semiannual payments required under this Section 5.1 and Schedule D shall not otherwise be reduced. Subsequent to any partial prepayment, a revised Schedule D shall be prepared and executed by the parties hereto. Excess Tax Increment from the Development Property shall automatically be applied to the prepayment of all or a portion of the principal balance due hereunder. 12- Section 5.2 Assignment of Note. The Note shall be not assignable nor transferable without the prior written consent of the Authority; provided, however, that such consent shall not be unreasonably withheld or delayed if. (a) the assignee or transferee delivers to the Authority a written instrument acknowledging the limited nature of the Authority's payment obligations under the Note, and (b) the assignee or transferee executes and delivers to the Authority a certificate, in form and substance satisfactory to the Authority, pursuant to which, among other things, such assignee or transferee represents (1) that the Note is being acquired for investment for such assignee's or transferee's own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, (ii) that the assignee or transferee has no present intention of selling, granting any participation in, or otherwise distributing the same, (iii) that the assignee or transferee is an "accredited investor" within the meaning of Rule 501 of the Regulation D under the Securities Act of 1933, as amended, (iv) that the assignee or transferee, either alone or with such assignee's or transferee's representatives, has knowledge and experience in financial and business matters and is capable of evaluating the merits and risks of the prospective investment in the Note and the assignee or transferee is able to bear the economic consequences thereof, (v) that in making its decision to acquire the Note, the assignee or transferee has relied upon independent investigations made by the assignee or transferee and, to the extent believed by such assignee or transferee to be appropriate, the assignee's or transferee's representatives, including its own professional, tax and other advisors, and has not relied upon any representation or warranty from the Authority, or any of its officers, employees, agents, affiliates or representatives, with respect to the value of the Note, (vi) that the Authority has not made any warranty, acknowledgment or covenant, in writing or otherwise, to the assignee or transferee regarding the tax consequences, if any, of the acquisition and investment in the Note, vii) that the assignee or transferee or its representatives have been given a full opportunity to examine all documents and to ask questions of, and to receive answers from, the Authority and its representatives concerning the terms of the Note and such other information as the assignee or transferee desires in order to evaluate the acquisition of and investment in the Note, and all such questions have been answered to the full satisfaction of the assignee or transferee, (viii) that the assignee or transferee has evaluated the merits and risks of investment in the Note and has determined that the Note is a suitable investment for the assignee or transferee in light of such party's overall financial condition and prospects, (ix) that the Note will be characterized as a restricted security" under the federal securities laws because the Note is being acquired in a transaction not involving a public offering and that under such laws and applicable regulations such securities may not be resold without registration under the Securities Act of 193 3, as amended, except in certain limited circumstances, and (x) that no market for the Note exists and no market for the Note is intended to be developed. The Authority hereby consents to the assignment of the Note to the Lender, provided that the Lender delivers to the Authority a written instrument acknowledging the limited nature of the Authority's payment obligations under the Note and executes and delivers to the Authority a certificate, in form and substance satisfactory to the Authority, meeting the requirements of (b) listed in this Section 5.2. Provided that such certificate shall have been delivered to the Authority before the date of issuance of the Note, the Note shall simultaneously be issued to the Master Developer and transferred and delivered to the Lender as Registered Owner. 13- HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF PLYMOUTH, MINNESOTA RESOLUTION No. 2014 -01 RESOLUTION WAIVING CERTAIN PROVISIONS OF A REDEVELOPMENT AGREEMENT AND APPROVING THE ISSUANCE OF A TIF NOTE WHEREAS, the City of Plymouth, Minnesota (the "City") and this Housing and Redevelopment Authority in and for the City of Plymouth, Minnesota (the "Authority") have heretofore approved a Tax Increment Financing Plan (the "TIF Plan") establishing Tax Increment Financing District No. 1-3 (the "TIF District") within the Authority's Redevelopment Project Area No. 1 (the "Project Area"), which TIF Plan has been adopted by the Authority for the purpose of financing certain improvements within the Project; WIIEREAS, in order to accomplish the objectives of the TIF Plan, the Authority entered into a Tax Increment Financing Redevelopment Agreement (TIF 1-3 Oppidan), dated as of May 1, 2012 (the "Redevelopment Agreement"), with KTJ 198, LLC, a Mirmesota limited liability company (the "Master Developer"); WIIEREAS, pursuant to the Redevelopment Agreement, the Authority has agreed to issue a limited revenue tax increment note (the "Note") to reimburse the Master Developer for certain Public Development Costs upon the completion of the First Stage Street Improvements as such terms are defined in the Redevelopment Agreement); WHEREAS, the Engineering Department for the City has indicated that 95 percent of the First Stage Street Improvements have been completed, and the City is holding a letter of credit in the amount of $526,559, which amount is sufficient to complete the First Stage Street Improvements; and WHEREAS, the Master Developer has requested that the Authority waive the requirement of completion of the First Stage Street Improvements and issue the Note. NOW, THEREFORE, BE IT RESOLVED, that: 1. The Authority agrees to waive the requirement contained in Section 5.1 of the Redevelopment Agreement that a Certificate of Completion be issued pursuant to Section 4.3(a) of the Redevelopment Agreement prior to the issuance of the Note. 2. The Authority shall issue the Note, dated on or about February 1, 2014 Adopted January 23`d, 2014 Agenda Number PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY STAFF REPORT TO: Plymouth Housing and Redevelopment Authority FROM: Spencer Agnew, HRA Specialist through Jim Barnes, Housing Program Manager and Steve Juetten, Executive Director MEETING DATE: January 23 d 2014 SUBJECT: Architectural Design Service Program— Discuss a potential program for architectural design service for home renovation projects. BACKGROUND: The Plymouth i lousing and Redevelopment Board has asked Staff to bring, forward projects and programs that will benefit the community. Staff has recently learned of an architectural design consultation program offered in other cities that may be beneficial to Plymouth residents. While much of Plymouth's housing is relatively new, a substantial portion of the City's housing stock is starting to age. About 45% of Plymouth's housing stock is now over thirty years old_ Another 30% is between twenty and thirty years old. As homes age they become more prone to physical and economic obsolescence, as design tastes change, materials age, and building codes and standards are updated. Additionally, changes in household characteristics such as family size or age of residents can create the need for substantial additions or renovations to homes. Some communities in the "Lwin Cities have implemented ''architectural design assistance' programs which provide homeowners an opportunity to work with architects on home remodeling projects. The intent of these programs is to assist homeowners in their efforts to update older homes and to provide technical assistance to ensure those updates are ofsound duality and design. Through these programs, cities pay the majority of the cost of a one-time, two-hour consultation with an AIA -licensed architect. Homeowners may choose an architect from a pre -approved list of licensed firms which have agreed to participate in the program. Typically, the homeowner must pay a $25 co -pay directly to the architect, and the architect then bills the city for the remaining fee. The fee for a consultation is approximately $250. The below comparison table demonstrates some of the features of programs offered in other communities: Programs in Other Communities: Community Program Program Cost Budget Name Description/Purpose Richfield Architectural Offer residents an Cit}- 5200 5.000 Home opportunity to work with an Flomeorrner- $25 25/3 -ear) Consultation architect on home Total- $225 Program remodeling projects without the pressure to hire someone for a full project St. Louis Park Architectural Help residents build an City- $225 8,000 Design Service addition to meet the needs I lomeowner- S25 35 /year) of a growing family: Help Total- S250 ensure new additions fit the style of the existing home and neighborhood Coon Rapids Design Required through home Cit%- 5-125 n/a Consultation rehab grant program: Homeorr ner- S25 Ensure project is well- Total- $250 planned and will tit with existing home None of the above programs limit participation according to income or other eligibility criteria.. However, it may make sense to do so if the HRA were to implement a similar program, as Plymouth's housing stock and household characteristics are somewhat different than other coanmunities that have implemented these programs. Eligibility criteria f«r the program could target assistance to where the need is highest by limiting participation based on household income, age of home, home value, and/or specific areas of the City. RECOMMENDATION: Staff recommends that the Plymouth Housing and Redevelopment Authority Board of Commissioners discuss the idea of creating a program funded by the HRA reserves to assist homeo-vimers in obtaining architectural design serviees for home renovation projects. ATTACHMENTS: 1, Map of Residential Properties by Year Built Jr nth ERNIE- Alif. sEffill monsallailul-5411-11"b M . WA^