HomeMy WebLinkAboutHousing & Redevelopment Authority Packet 01-30-1992PLYMOUTH
REPORTS
MEETING
OF
JANUARY 30, 1492
AGENDA
PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY
ANNUAL MEETING
January 30, 1992 at 6:30 p.m.
I. Call to Order
II. Approval of Minutes for January 9, 1992 Meeting
II1. Nomination and Election of Officers
IV. Senior Housing Program - Interest Shown by Other Groups
V. Year -End Status Reports
A. Section 8 Rental Assistance Program
B. Housing Rehabilitation Program
C. Senior Citizen Housing Site
D. Child Care Subsidy Program
E. Scattered Site Homeownership Program
VI. Other Business
VII. Adjournment
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3[.
NENO
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: January 23, 1992 for Housing and Redevelopment Authority Meeting ofJanuary30, 1992
TO: Charles E. Dillerud. Executive Director
FROM: Milt Dale, Housing Specialist 4WE --
SUBJECT: NOMINATION AND APPOINTMENT OF OFFICERS
According to the HRA bylaws, the nomination and appointment of officers is to
take place at the time of the annual meeting, which is to held in January eachyear. The Plymouth City Council may be selecting a Commissioner on Monday. January 27. Chairman Ludovissie's term runs through January; and the HRA
bylaws provide that his term can continue until a successor is elected or he
be reappointed.
Housing Authority bylaws require that all officers be approved annually.
Currently. the offices for the Housing and Redevelopment Authority are held bythefollowing:
Chairman .. . . . . . . . . . Commissioner David Crain
Vice -Chairman. (open)
Secretary/Treasurer . . . . . . . Commissioner Stephen Ludovissie
The HRA could nominate and elect officers now or the item could be deferred
postponed) until a later meeting which would include the new member or
Commissioner Ludovissie should he be reappointed.
hra/md/apn.1-30:dh)
is.
MEND
CITY OF PLYMOU11
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: January 23, 1992 For Housing and Redevelopment Authority MeetingofJanuary30, 1992
TO: Charles E. Dillerud, Executive Director
FROM: Milt Dale, Housing Specialistntrz
SUBJECT: SENIOR HOUSING PROJECT - INTEREST SHOW BY OTHER GROUPS
ACTION REQUESTED:. Initial review and d:isr.::ssion regarding proposals ofseveralnonprofitandforprofitorganizations:.
At its meeting of January 9, 1992 Commissioners discussed a letter frau
Presbyterian Hames of Minnesota received by staff several days earlier
indicating -their interest in the sponsorship of a senior housing project inPlymouth. Commissioners directed staff to also inform organizations that
have shown recent interest to respond with brief written descriptions of
their interest and a financial concept proforma. The goal was to determine
if there was still other alternatives to development of a senior housing
concept that had not yet. been fully explored before making a recommendation
to the COty Council in the development of a senior housing facility.
Since the meeting of January 9, 1992, the City has received letters of
interest and more detailed information on what a nonprofit or for profit
organization might be able to provide the City. The organizations that have
contacted us in writing as of this date are: Presbyterian Hanes of
Minnesota; Dominium Group, Inc.; and, Elim Care, Inc. It is anticipated
that representatives from these three organizations will be in attendance at
the January 30, 1992 meeting.
1 -
PRIMARY ISSUES AND ANALYSIS:
Since the proposals were only received within the last couple days, staff
has not been able to thoroughly evaluate them. He do hope to complete an
analysis prior to Thursday's meeting and provide that review at the meeting.
Commissioners are reminded of the criteria for a senior housing project.
Again, these criteria are as follows:
1. Resident requirement
2. Age requirement
3. income "floors• and "ceilings°
4. Maximum and minimum rents to be charged
S. Asset limitations
6. Ability to live independently
7. One andtwo bedroom mix
Criteria items number one, two and six were discussed and have been agreed
upon by Commissioners. Items three, four, five and seven have been
discussed but no agreement reached.
A cursory review of the three proposals is as follows:
Doninium
1. Establishment of a nonprofit corporation to be affiliated with the City
of Plymouth. This corporation would own the property.
2. This nonprofit corp.'.zAon would apply for Section 501(c)(3) status
allowing it to be a recipient of Tax Exempt Bond proceeds.
3. Use of a full HRA tax levy and the projected rental income would be
sufficient to pay project operating costs and anticipated debt service
provided units were at the following schedule.
Unit Size i of Units Monthly Rent
1 SR basic, 675 sq. ft. 25 $425
1 BR large, 725 sq. ft. 25 480
2 BR, 95B sq. ft. 50 585
100
4. Two financing methods were suggested for the HRA/City consideration,
i.e.
a. Essential Function - Tax Exempt Bonds
b. Rated Bond Issue (taxable) with Low Income Tax Credit. These
methods are spelled out in more detail in their report.
S. Management of the project would be by Dominimum (implied)
2-
Presbyterian Homes of Minnesota
1. They would serve as a nonprofit
interder,.Ainational housing facility.
2. The projected rent schedule is as follows:
Unit Size of: Units
1 BR, 694 sq. ft. 24
1 8R, handicap, 702 sq. ft. 6
1 R. 737 sq. ft. 12
1 8R, 755 sq. ft. 18
2 OR,843 sq. ft. 3
2 BR, 928 sq. ft. 19
2 OR. 934 sq. ft. R
2 OR, 975 sq. ft. 12
100
sponsor of a first stage
Monthly Rent
65
564
550
595
650
605
805
3. Use of one-third of the HRA tax levy.
4. Use of a TIF District for the site.
5. The site would be donated.
Elim Care, Inc.
1. Elim Care, Inc. was established by the Evangelical Free Church ofAmericaasa "not-for-profit° corporation to provide a variety ofministriesforseniors. Two of their denominational churches., i.e.
Crystal Evangelical Free Church and Wayzata Evangelical Free Church areinthePlymoutharea.
2. Their propos2l consists of four options for the City to consider:
a. City of Plymouth owns senior housing and Elim leases with an option
to buy
b. City owns senior housing and Elim manages and assists in development
process
c. Elim owns senior housing and City provides assistance such as: tax
abatement, tax increment financing, site improvements and assist
with purchase of property
d. Other
3. No indication given as to a rent schedule or financial proforma.
3-
CONCLUSIONS AND RECON ENDATIONS:
It is recommended that the Commissioners review the proposals and note anyquestionsthattheymayhaverelativetotheseproposals. Representatives
will be at the meeting, but as well, decisions should be made as to how much
additional information will be necessary from the nonprofit and for-profit
development sector.
ATTACNENTS:
1. Dominium Senior Housing Concept Analysis
2. Presbyterial Homes of Minnesota Proposal
3. Elim Care, Inc. Proposal
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4 -
DOMINIUM'S
SENIOR HOUSING
CONCEPT ANALYSIS
JANUARY 17, 1992
amup
3110 HARBOR LANE fANNEAPOLIB, WNNESOTA 6347 612 / 09.1711
January 17, 1992
Mr. Charles Dillerud
Director of Community Development
Plymouth City Hall
3400 Plymouth Boulevard
Plymouth, MN 55447
RE: SENIOR HOUSING
PLYMOUTH, MINNESOTA
Dear Mr. Dillerud:
In response to your request dated ganuary 10, 1992 for a written
description of our senior housing concept, the attached information
is respectfully submitted for your review and consideration.
We began our senior housing concept evaluation by reviewing the
senior citizen market survey prepared by Thibault and Associates.
Based on the response of that survey and the City's commitment to
provide affordable housing for its elderly residents, we feel that
the objective of having the best housing available for the lowest
cost to the residents can best be achieved by having the
development owned by a public body. The City has the ability to
direct resources and financing to the development that probably
would not be available under private ownership. Consequently, the
cost to the residents under a private ownership scenario
Non -Profit or Profit motivated) would more than likely be higher.
The information that we have provided does not analyze the cost
differences between public and private ownership. Our senior
housing concept, makes the assumption that since the City has
established its Public Tax Levy for the benefit of the development,
it seems most appropriate that the ownership should rest with some
form of public or quasi public entity.
Dominium, an established apartment development and management
company, is willing and able to assist the HRA and the City in
formulating creative financing alternatives, provide value
engineering services, provide marketing and management expertise,
and, if desired, provide complete turnkey services.
Mr. Charles Dillerud
January 11, 1992
Page Two
The narrative that accompanies .this letter briefly discusses thefollowingkeyissues: project financing, project proformas
outlining required City assistance and some management 'concerns.
We look -forward to the opportunity to be an active participant in
the development process with the City and MRA. If you have anyquestionsorcomments, please feel free to give me -a call at your
convenience.
Very t5ply yours,
of Development
AEB/sl
Enclosure
TABLE OF COMTZMTB
I. Dominium Background 1
II. Project Financing 2
III. Analysis Using Tax Exempt Bonds 3
IV. Analysis Using Taxable Bonds q
V. Management Operating Memo 5
VI. Company Brochure 6
VII. Summary 7
DOMINIUM BBCBOBOUND
Dominium was founded in March 1972. Dominium'e principal office is
located at 3140 Harbor Lane, Plymouth, Minnesota. The principal
shareholders of Dominium are David L. Brierton and Jack W. Safar.
Dominium's principal business is the development and management of
multifamily housing projects in Minnesota, Wisconsin, South
Carolina Od Florida. Dominium has developed in excess of 4,000
housing units. Over 2,000 of these units have been elderlyhousing.
Mr. Brierton is President of Dominium. He is actively involved in
the day to day management of Dominium. Mr. Brierton has received
a Bachelor of Business Administration Degree from Wisconsin State
University and a Master of Science Degree specializing in real
estate and land economics from the University of Wisconsin. Mr.
Brierton is a resident of Plymouth, Minnesota.
Mr. Safar is vice President of Dominium. Mr. Safer in activelyinvolvedinthedaytodaymanagementofDominium. Mr. Safar has
the following degrees: Bachelors in Marketing and Finance and a
Masters of Business Administration from the University of Hawaii
and a Master of Business Administration from the University ofWisconsin.
Our corporate philosophy is to own and manage our projects for the
long term. Consequently, we are committed to incorporating a highlevelofqualityinourconstructionandsiteamenitiesinorderto
maintain the desired appearance of the development into the future.
Dominium is dedicated to the creation of sound environments which
satisfy both social and physical needs. As an experienced
development team member we possess the qualities and experience
that are necessary to generate a unique yet functional solution.
The City of Plymouth has clearly expressed its desire to develop a
good quality, well conceived elderly housing project in the area of
downtown Plymouth. The concept of the project has been with the
City for a number of years and at long last appears to be nearing
fruition. The City of Plymouth should be commended for its
perseverance and commitment. The commitment has been clearly
evidenced by the City's willingness to provide substantial annual
Tax Levy for the benefit of this project and to insure its economic
viability. The ownership of this project could be vested in either
private, private non-profit or public non-profit entity. Since the
City has established its Public Tax Levy for the benefit of the
development, it seems most appropriate that the ownership rests
with some form of public or quasi public entity. Further, it seems
appropriate that the entity be a Non -Profit and that Corporation
should be affiliated with the City of Plymouth. In that regard, a
non-profit corporation established by the Housing 6 Redevelopment
Authority (HRA) of Plymouth could not only function as the
ownership entity of the development but also play an important role
in providing one of the best methods of financing the development.
The HRA working with the City Council of Plymouth will form a Non -
Profit Corporation to act as an agent and instrumentality of the
HRA with respect to the financing and ownership of the elderly
housing project. This Non -Profit Corporation would be established
in accordance with the requirements of Section 501(C)(3) of the
Internal Revenue Code. A Non -Profit Corporation so formed could
not only act as the ownership entity for the development but to act
as the bonafide recipient of Tax Exempt Bond Proceeds in accordance
with the provisions of developing Qualified Residential Rental
Project.
If it is decided to pursue financing through the issuance of bonds
it will become necessary to provide adequate security in order to
achieve the lowest possible interest rate available in the market
place. The sources of funds projected to be utilized to make
periodic payments of principal and interest on the bonds are
clearly the Annual Tax Levy together with the projected Net
Operating Income (NOI) of the development. Conservatively
developed financial projections indicate that the combination of
the Tax Levy and a reasonably anticipated NOI would be more than
sufficient to pay all project operating costs and anticipated debt
service on a bond issue. The Tax Levy portion of the annual
revenue available to support debt is very secure and would be
adequate to satisfy a rating agency and result obtaining the best
Page 2 of 3
rating resulting in the lowest possible interest rate for the
bonds. However, since the NOI is looked upon by a rating agency as
substantially less secure it would ba necessary to provide the
rating agency some additional assurance that there would be
sufficient security to justify the highest possible bond rating.
In order to accomplish this, the City of Plymouth would be asked to
enter into a Pledge Agreement wherein the City agree to provide any
funds, if ever necessary, to the development on an annual basis
which may be needed to make timely payments of principal and
interest on the bonds. However, since the project economics are
very conservatively conceived it is almost impossible to envision
a situation wherein the combination of the Tax Levy and the NOI
would be insufficient to support the expenses and debt of the
project on an annual basis. In f - -` the projected NOI and Tax
Levy are am than sufficient to s;.. rt all requirements.
Assuming the relationship of the HRA's Non -Profit Corporation and
the City have been realized as envisioned above, there are two very
interesting and feasible methods of alternative financing
structures.
I. Essential Function - Tax Exempt Bonds
Bonds whose proceeds are used by a Non -Profit Corporation and
treated as a Qualified 501(C)(3) Bond Issue.
A. Bond Issue is not subject to the volume cap.
B. Bond Issue is not subject to alternative minimum tax
provisions.
C. Housing project financed by Bond Issue not subject to
rent or income restrictions.
D. The Tax Levy in conjunction with the City's Pledge
Agreement could justify the lowest possible interest
rate. In today's market place, assuming an A rating, a
25 or 30 year graduated bond issue would probably result
in a weighted interest rate of 6-1/46.
II. Rated Bond Issue (Taxable) with Low Income Tax Credit
A. A bond issue could be contemplated similar to that
discussed under the Tax Exempt alternative including the
City's Pledge Agreement. This would result in an
identical bond rating and an interest rate
correspondingly higher- predicated upon the taxable nature
of the debt. In today's market place the anticipated
interest rate for a taxable bond will approximate 8-1/24.
Page 3 of 3
B. The annual interest r..ost associated with this increase in
interest rate (from tax exempt to taxable) would be in
the area of $120,000 per year.
C. Since the envisioned project incorporates a concept of
rent affordability, it appears that up to loot of the
project could likely .be eligible for the Low Income
Housing Tax Credit Program as established by the Treasury
Department. For a period of ten years a series of tax
credits could be available to the project which in turn
could be sold to an interested Taxpayer(s) in return for
ten (10) annual payments of approximately $250,000.
D. In this scenario, the ownership entity of the project
would be vested in a partnership where the HRA's Non -
Profit Corporation had the controlling and managing
general partnership interest. The only limited partners
would'be the Taxpayers purchasing the stream of tax
credits.
Either of the two financing methodologies indicated -above are
viable as well as represent the most advantageous financing
scenarios resulting in either the lowest possible interest rate or
a very competitive interest rate coupled with a substantial
infusion of outside capital. The Tax Exempt Essential Function
bond scenario in and of itself would impose no tenant income or
rental rate restrictions. The taxable program, however, by virtue
of the inclusion of the Low Income ^as: Credit Program would impose
certain income and rental rate restrictions. These restrictions
would not appear to be problematical in conforming with the concept
of this elderly housing as promulgated by the City and the HRA.
These two alternatives can be explored in greater detail and a
conclusion could be reached which affbrds the City, the HRA and the
tenants the best final result.
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1
FSE NAME PLYMOUTH PLACE
DATE fe-den-92
RU1 N UMM aes oD
TITLE HEADING PLYMOUTH SENIOR PROACT
PRELLgDNARY ANALYSIS USING TAX EXEMPT BONDS
STATEMENT OF SOURCES AND USES OF FUNDS•
USES OF FUNDS
LAND ACOUISITION 0
CONSTRUCTION SUPERVISION FEE 0
CONSTRUCTION 44100AW
APPRAISAL Ts=
EOUIPMENT 35.000
ARCHITECT 180.000
ARCHITECT REIMBURSABLES 10.000
SURVERY/ENOMEERING 3.000
500. BORINGS SAW
BIPACTFEE 0
REAL ESTATE TAXES 27AW
OTHER LEGAL AND ACCT FEES 18.000
MARKETING
CONSTRUCTION INTEREST
10DA00
INITIAL OPERATING DEFICIT
323,N
Be=
MORTGAGE RECORDING TAX 12.100
FINANCING FEES 268.760
TITLE INIRM-4CE 12AW
BOND CL`UNSEL 30AM
DEVELOPER COUNSEL 2SAW
DEBT SERVICE RESERVE 179.887
CONTINGENCY te0.000
ACAVAC FEE 170AN
TOTAL USES OF FUNDS
SOURCES OF FUNDS:
1ST MORTGAGE
CmOON TRIBUTION: LAND
INTEREST EARNINGS
CAPITAL CONTRIBUTIONS
6.8e9.919 0
esnasnnsnen:an.nnnnannne
5.760AN
0
137A35
2.601
TOTAL SOURCES OF RINDS &male 0
PDE IMM PLVMOUIIIPLAC6
one
wrMlrBa snm
TN1EmaRom PLYMOUTH sEISO1PROAFCT
W BrMIT AMLT Y WD TAtAiE P7o1 o
P 'NXAE PLYMOUTH RACE
6', IP-ir-Ei
MMNLN =&do
TIREIEAW . FLVNGMss7EORPROECT
ABMNEIVANKL T TMRINNOE6
OPEMITIOIASIRlIIONB
Ei1rAT®TNSN6 WM EACEm
E OFAAFA OMANOOYE
IETRT"PII
B t.P. x%.,
e u+
WUMM PMCE MONTHLY @43F ONE P.OF 1008. 1600 Iul NS HIM
FOOTAGE P.B.P. REM UMTB Nom MONTHS VEM1 MR YEARS TEARA VEMS
Els 0.03 INS M SWAM 12 A7.000 IOA75 MAINE IWAW MUST?
IRS 0.416 MO M S1sAa IZ SIM.Oa Islam Tisa IQS11 I74oS7.
on "I NJa so SO250 Is 00SIA D 8L0m swim 41Rm 400ALS
7N OAS SSIE .OD 851A7s
TOTAL ANNWL APARFIVIT INCOME mom S61.SS o 00 SA1.0A S/RSIO
MSC MCom M a a fo a
LAUNDIVAIO: SNO.TENANTS a SLsAO 51.717 M11S THAM 00,808
9010.016 sm.OQ - SN1.a11 SA4TAD Imm
VACANCY: i Nel.a4 col 71 001,6141 Nom sN1.014
EFFECTIVE GROSS sw73S 0010.47% 00Mw sTRYI aAssa
ANNUAL EXPENSES:
07EREXPA"From 5.100
OPEREIMIIR: SMaD
RE. TAXI IR Stam
MSIRMMF/MI 91PAUD
SAN FERIVR =787 FTs71.7s7) OnLon Own movaso4 ammo{
1119.001 sSlMl SMIAa SMSM SD.7 11
NET OPE1MTMo amxm
TERN
11Mal 111001 001.01- 1110.000 S W.m
ANNUALDEWSEANCa750AN Sas a s10.fOq T11•••7.•••• W,1 ISM14 Sm"N
AMOKPAMOMCAMRM S18MTs7) 1NEAMA SNs7Agm o1 14 GII1ASN
REOUMEDOIVAHRTNM Imm INL W SWAM MMLMd SRIIAM
ASMUALCNVASSWAIK,EASRABIE 1117.0100 SWAD SWAM 11W.000 11WA00
LRIAIIOCATEDTARLEVYPROClEDs MASS S11.IS 101 6117.4011 6181.400
FILE NAME
DATE
RUN NUMBER
TITLE HEADING
PLVMouTH PLACE
18—den-92
9M 00
PLVMVUTH SENIOR PROJECT
PRELIMINARV ANALYSIS USSKi TAXABLE BONDS
STATEMENT OF SOURCES AND USES OF FUNDS •
USES OF FUNDS
10.000
LAND ACOUISTIM 0
CONSTRUCTION SUPERVISION FEE 0
CONSTRUCTION 1.900.000
APPRAISAL 15.000
EQUIPMENT 95.000
ARCHITECT 120AW
ARCHITECT REIMBURSABLE. 10.000
SURVERY ENG0810 9.000
SOIL BORINGS 6.000
IMPACT FEE 0
REAL ESTATE TAXES 27.000
OTHER LEGAL AND ACCT FEES 15AW
MARKETING 100000
CONSTRUCTION INTEREST 929.982
INITIAL OPERATING DEFICIT 88.000
MORTGAGE RECORDING TAX 12.100
FINANCING FEES 201.250
TITLE INSURANCE 12.000
BOND COUNSEL 15.000
DEVELOPER COUNSFI 25.000
DEBT SERVICE RESERVE 2".975
CONTINGENCY 180.000
SACIWACFEE 170.000
TOTAL USES OF FUNDS 882.107 0
SOURCES OF FUND&
1ST MORTGAGE 5.760A00
CITY CONTRIBUTION: LAND 0
INTEREST EARNINGS 197.995
CAPITAL CONTRIBUTIONS 5.M
TOTAL SOURCES OF FUNDS 5.552.107 0
MANAGEMENT OPERATING MEMO
Dominium Management Services, Inc. (DMS) was established in August
of 1976. Since that time we have become recognized as one of the
innovative leaders in providing specialized marketing and
management services to senior citizen housing projects.
Dominium has maintained our corporate office headquarters in
Plymouth, Minnesota for the past twelve (12) years. To say we have
a "local interest" in the marketing and management of your project
would be an understatement. Because of our specialized elderly
expertise, Dominium currently manages, and. has marketed, in excess
of 2,000 elderly units in several different States.
Mr. Durfee, President of our management company, has been closely
associated with several elderly service organizations and, most
recently, has served on the Board of Directors for the National
Association of Retirement Services (NABS). Dominium Management
also has the distinction of being one of only ten accredited
management organizations (AMO) in the state of Minnesota that is
recognized by the Institute of Real Estate Management (IREM). We
are enclosl.ng a corporate brochure for your review. We hope that
it will provide you with additional insight into our company and
some of the services that we can offer.
Based on our experiences with projects of this type, and pursuant
to your letter addressed to Mr. Brierton on January 10, 1992, we
would like to briefly raise what we feel might be some cf the key
management, marketing or concerns that need to be addressed by the
City of Plymouth or the HRA.
1. Local taxpayers whose tax dollars are going to support
subsidize) a portion of the project's operation may want
to know:
a. What assurance is tl+ere that the project will be
owned by the City or the HRA.
b. That all qualified seniors in Plymouth have equal
access to the project.
C. No outside negative political forces or religious
affiliations exist that might influence a
resident's ability to obtain residency or financial
assistance.
Management Operating Memo
Page 2
II. How should the nrojecton overall selection criteria !.-
established
I. It should be totally nondiscriminatory and yet defendable
within state and Federal Equal Opportunity Office
Guidelines.
2. Does it also represent the goals and objectives of the
City of Plymouth and the HRA.
3. Does it deal with the special needs of a totally elderly
population.
a. Aging in place - and the various problems
associated with this.
b. The ability to "live independently" as this is not
a life care facility.
III. How ahouid the auaiifving incomes be established since this is
not a Federally subsidized project
1. Income breakpoints will have to be establishe,. l:alify
eligible residents as to whether they pay "r rate"
or some "subsidized" amount for rent.
2. How or what process will be established t-, ve.-ifyresidentincome
a. will this process be done annually
b. Will theresidents be responsible for the cost of
this documentation or verification process
C. Residents might ask "What happens to my rent if myIncomegoesupordown?"
IV. What oroeess should be was used to establish the ren* subsidy
grogram
1. How much of the Annual Tax Levy should be used to
subsidize rents?
a. All
b. A portion
C. It might vary year to year
Management Operating Memo
Page 3
2. Are only certain apartment unit's going to be subsidized
a. A greater number of one bedroom units can be
subsidized because they are less expensive to rent;
therefore, the subsidy on a per unit basis could be
less.
b. The Plymouth elderly survey indicated larger two
bedroom units would be preferred by current
homeowners. They also indicated that their
willingness to pay higher rents was less than those
who are currently renting.
3. Establish what the maximum subsidized dollar amount will
be each year and allocate those dollars on a first -come -
first -serve basis.
a. When subsidy dollars are used up, all remaining
units would be rented at market rate.
b. variations or combinations of i1 and 42 above.
V. Aside from the actual cost of renting a unit. what mother"
concerns do seniors ty ijt calls have in this tvoe of nroiect
1. Security - type and amount is very important
a. Uniformed security people
b. Telephone or TV entry systems
C. Controlled key access
2. Heated underground parking is a major amenity if
residents feel safe and secure while using the facility.
a. Since it is perceived as a major benefit, and they
are very costly to build and operate, should there
be a charge to the residents.
b. A garage fee would certainly help increase cashflow
to the project and offset operating expenses.
3. Management/resident relations - on-site staff, management
and marketing people all have to know and understand the
specific uniqueness of elderly residents.
a. Elderly have to be given much more attention and
consideration.
Management Operating Memo
Page 4
b. Needs and abilities of elderly residents change
more quickly.
C. Management staff needs to be more highly trained
and aware of these changes.
4. The project has to be perceived as "active and alive"
a. Scheduled or planned activities are necessary and
appreciated by elderly residents.
b. Health programs to monitor "physical wellness"
should be in place.
C. Hobbies and other outside interest should be
coordinated and encouraged.
d. Common area furnishings should be bright and easily
usable, i.e. chairs, couches, etc., that are easy
to get in and out of.
e. Entire building has a "residential" feel rather
than an industrial or commercially sterile feeling.
f. Provide opportunities for the residents to mix,
talk and share their individual personalities.
Obviously, these are only a very few of the more common issues that
will need to be addressed in much greater detail. Dominium
Management Services, Inc. has the expertise and specific background
to develop programs that will address and respond to all of these
concerns. We market and manage numerous elderly properties for
other nonprofit sponsors, including the Areawide Agency on Aging.
Additionally, we have won nationally awards for our elderly
Operations and Procedures Manual. We feel we are one of the very
best at what we'do. We would certainly appreciate the opportunity
to work as a team member with your Housing Committee.
We wish you every success in developing this much needed senior
housing project and offer our assistance whenever necessary.
dominium management service inc.
3140 Harbor Lane 9 Minneapolis, MN 55447 a 612-559-1495
The Dominium Difference
We believe the success and growth of
Dominium Management Service is
attributed to our philosophy of
working with owners as if they were
our partners and managing their
investments as if they were our own.
This commitment has us out-
performing the competition and
expectations of our clients. Our
positive business relationships with
owners and developers throughout the
nation has come to be recognized as
The Dominium Difference".
Superior Performance
Great working relationships, backed
by superior performance and
innovative ideas, make the difference
in achieving the goals and
expectations of our property owners
and investors.
At Dominium ManagementService.
we have built trusting and financially
rewarding partnerships based on our
team of experienced managers and
marketing executives who have been
providing high quality management
services for more than 15 years. Our
President, Lynn Durfee, and General
Manager, Brendt Rusten, lead a team
of successful and resourceful
professionals who insure that the
maximum financial performance of
every property we manage and market
is reached.
The Dominium Difference begins
with commitnwnt to performance.
Good Management
Makes Things Happen
One can choose to wait for things to
happen or, one can choose to make
things happen. Attention to detail and
follow-through can make the difference
in the success of any property or
investment. Making things happen is
part of the Dominium Difference.
Dominium Management Service, has
created an award-winning. nationally
recognized Operations And Procedures
Manual that details the day-to-day
functions of managing, marketing and
maintaining properties to increase their
value, financial stability and "curb
appeal'.
Dominium properties are routinely
subjected to detailed inspections to
insure that all operations and
management systems are in place and
functioning correctly. As pan of this
attention to detail, and in an effort to
avoid costly repairs, a comprehensive
preventive maintenance program is
established at each site.
For attention to detail that produces
positive financial results and instills
pride of property ownership -- the
difference Is Dominium Management
Service
Marketing and Leasing That
Makes A Difference To Your
Bottom Line"
Innovative and successful marketing
and leasing programs are not after-
thoughts. They are our priorities. The
Dominium Difference means that you
are provided with a customized leasing
plan -of -action that chronicles specific
strategies for achieving your financial
expectations.
Our marketing programs constantly
produce high occupancy rates and the
highest possible rent levels. We
continue to develop new and creative
leasing and marketing ideas that will
increase traffic and attract additional
prospective tenants. By creating
exciting re-leasing programs. we are
also able to retain current residents as a
cost-effective way of increasing your
bottom line- and raising occupancy
levels.
Maximizing property values and your
net operating cash flow is closely
associated with having a very good
knowledge of the competition.
Providing continuous market analysis
and evaluation enables us to closely
monitor competing developments. It
also provides insight into the latest
market-driven variables and subsequent
leasing recommendations which
directly affect profitability. Clients
who are developing or acquiring new
properties also make valuable use of
this up-to-the-minute market data to
focus more accurately on what triggers
consumer demands.
At Dominium Management Service
we continually monitor and evaluate
our leasing and marketing efforts for
their total effectiveness. lip -to -the -
minute. individualized traffic reports
help make Dominium different.
Good Decisions Require
Accurate and Timely
Information
Statistics within the property
management industry indicate that a
substantial percentage of property
owners are dissatisfied with their
current management company because
of its inability to provide timely and
accurate financial and operating
reports.
At Dominium Management Service.
every property is assigned a team of
qualified professionals whose efforts
are then coordinated by a Property
Supervisor This term approach
provides the necessary staff to assure
timely and accurate reporting. As part
of this team effort, your financial
statements are reviewed by an
accounting staff which is trained and
supervised by Certified Public
Accountants.
State-of-the-art computers gives us
the option of generating these
reports in a format that you m/eci or
that your mortgage lender requires.
Customized services such as these
are a part of the valuable Dominium
Difference.
Diversified Management and
Marketing Background
Dominium Management Service,
provides fee-based management and
marketing expertise for a variety of
owners and clients, including:
Private Owner and Investor:
Developers
Financial Institution and Asset
Manigers
Condomi-' :m Associations
Housing Autnorities
Non-profit Sponsors
Because of the expertise we have
developed in working with a wide
variety of property types (i.e. market -
rate apartments. HUD -subsidized
housing, condominiums, commercial
and retail properties) each with unique
ownership objectives. there are few
management or marketing challenges
we have not already encountered and
ultimately solved with our staff of
professionals. This broad-based
background gives our clients the
assurance that, no matter what their
specific needs might be. at some time
we have already successfully addressed
them.
With more than fifteen years of
diversified management experience,
Dominium Management Service will
continue to make the difference.
Dominium Management Service has earned the
reputation ofbeing one of the most successful and
respected subsidized property management
companies in our market area. The reason for our
suocesshasbeenourabilitytodevelopanexperdse
whichf dlyaddmssesthecomplexitiesofFedemUy
assisted housing programs.
Dominium Management stays ahead of their
competition with:
Computerized HUD Reporting: Computer-
generated reports will be a of HUD within
the next year. Dominium Management Service has
been running HUD -approved software and computer
reports for the past seven years. To say that we are ahead
ofour competition would be an understatement!
Cerdfled Occupancy Specialists: Dominium
Management Service has trained specialists who have
received the Certified Occupancy Specialist (COS)
designation from HUD. This professional designation
recognizes extensive training and testing in
administering and managing HUD subsidy programs.
Special Recognition: Dominium Management
Service's fifteen years of subsidized experience and
expertise has resulted in our appointment as Trustee to
the MidwestAssociationof HUD ManagementAgents.
Broad Background: Dominium Management
Service has developed outstanding, specialized
management skills to meet the wide range ofsu bsidized,
multi -family program,; including HUD 202/8, HUD
Section 8 and Fmk -.'A 515/8.Our clients include:
PrivatrOwners
Non -Profit Sponsors
HUD
Housing Redevelopment Authorities
Partnerships
State Financing Agencies
dominium management service inc.
3140 Harbor Lane • Minneapolis, MN 55447
Financial security in property ownership is
most often dependent upon the accuracy and
timeliness of the data supporting critical
decisions. For this reason, Dominium has
devoted considerable time, money and
energy developing a comprehensive, highly
skilled accounting department.
Professional Staff: Dominium Management
Service's accounting staff of trained professionals is
managed and supervised by a Certified Public
Accountant.
State -Of -The -Art Accounting Software:
Dominium Management Set -ices accounting
software is recognized as one of the most
comprehensive in the industry. Generating timely,
customized financial reports allows clients the
flexibility to easily incorporate these reports into
their decision making process. Special financial
reporting requirements of lenders can also be
accommodated.
Budget Reports: Dominium Management
Service provides its clients with a detailed monthly
compared -to -budget" report outlining all financial
activity that impacts the property's income and
expenses. Cash flow is easily monitored and so is
management effectiveness.
Monthly Variance Reports: Dominium
Management Service provides its clients with
monthly reports that explain any significant
deviations from approved budgets. These variance
reports eliminate surprises and answer potential
questions.
Detailed Income Statements: Dominium
Management Service provides clients with
comprehensive financial statements that monitor
income sources and any potential rent losses.
Accounts Payable: Dominium Management
Service assigns each client a Property Administrator
who personally monitors every invoice to insure
accurare, timely payment. Vendor discounts are
also monitored to help offset operating expenses.
Custom Reporting of Financial Data:
Dominium Management Service has the ability to
provide customized financial and operational
reports to meet the special needs of our clients.
0 dominium management service Inc.
3140 Harbor Lane • Minneapolis, MN 55447 . 612-559-1495
When you work with Dominium
Management Service, you work with more
than an excellent property management
company. You also work with an
outstanding marketing and leasing company.
Dominium Management Service's marketing
staff has an impressive track record for
producing the highest occupancy levels
under all types of market conditions.
Successful marketing and leasing programs
that directly effect your bottom line are
dependent on innovative ideas and a focused
marketing program ghat makes things
happen.
Planning: Dominium Management Service
develops a nmprehensive marketing plan tailored
specifically to the needs of your property which
analyzes market conditions that are affecting
current occupancy rates.
Budget Preparation: Dominium Management
Service develops detailed budgets that provide
clients with a cost-effective marketing program that
will meet their leasing goals and objectives.
Evaluation Reviews: Dominium Management
Service continually measures the overall
effectiveness of the marketing and leasing program.
During these reviews, specific goals are set and
timetables established to insure maximum success.
Market Analysis: Dominium Management
Service develops a monthly marketing study for
each property it manages. B,y "Shopping"
competing developments each month we provide
our clients with the most current market-driven
recommendations on unit pricing, amenities being
offered and changes in resident preferences.
Customized Traffic Reports: Dominium
Management Service generates customized
computer reports that monitor new resident
demographics. These reports track the effectiveness
of where to focus valuable advertising dollars.
Innovative Resident Retention: Dominium
Management Service develops innovative programs
and services that capitalize on retaining the
property's current residents as a cost-effective
approach to increasing occupancy.
Exceptional On -Site Training: Dominium
Management Service recognizes that marketing and
leasing programs are only as good as the staff that
implements them. Accordingly, we have developed
extensive, ongoing training programs that are
highly successful in leasing properties.
Complete Marketing Service: Dominium
Management Service also offers its clients a full
range of other specialized services. including:
building and unit design reviews, brochure and
collateral material design and development,
advertising and public relations services, and grand
opening programs.
Pdominium management service inc.
3140 Harbor Lane a Minneapolis, MN 55447.612-559-1495
When you work with Dominium
Management Service, you work with a well
established and competitive management
company that has earned national
recognition for excellence from The Institute
of Real Estate Management.
Dominiurn Management Service maximizes
property values and pride of ownership
through comprehensive management
planning and a staff of dedicated
professionals. Below are a few of the ways
Dominium can make an immediate and
positive difference for your property.
Stability: Dominium Management Service has
been providing high-quality management services
to property owners throughout the country for more
than 15 years.
Consulting Services: Dominium Management
Service has developed excellent programs and staff
training for property management, leasing and
marketing on a consulting basis which has beer.
highly successful and cost-effective.
Award -Winning Operations Manual:
Dominium Management Service hires, trains and
supervises all on-site management, maintenance
and janitorial staff in accordance to its nationally
recognized Operation and Procedures Manual. This
program results in a professional on-site staff that is
among the best trained and qualified in the industry.
High Standards: Dominium Management
Service's property and maintenance supervisors
conduct frequent physical inspections to insure
properties are well maintained. Site inspections
include detailed review of:
Curb appeal
Staff
Building cleanliness
Leasing activities
Grounds & building maintenance
Budgets
Resident relations
Preventive maintenance
Office procedures
Local competition
Client Communications: One of Dominium
Management Service's priorities is keeping clients
well informed. Each property is assigned a
Supervisor who communicates regularly with
clients. Property Sup submit monthly
status reports which also provides clients with
additonal insight into their investment.
Cost Savings: Dominium Management Service
routinely reduces property operating expenses
through a focused program of.
Challenging real estate taxes
Competitive bidding of all service and
maintenance contracts
Competitive insurance premiums
Cost-effective budgeting
Unit-tumover cost reduction
On-site personnel turnover reduction
0 dominium management service inc.
i1An 41s•hn• 1 on" . IIwl CCAA7 . a•e_Cee_•AnC
1 Dominium would very much like the opportunity to work with the HRA.
and City of Plymouth as project coordinator and/or marketing and
management agent for this proposed development. If the City isInterestedinexploringtheturnkeyprocesswithpublicownership, we could assemble a development team that possesses the
capabilities and experience thatare essential to delivering a
development that the HRA and City would be proud to own. As
project coordinator, we could perform the following tasks:
1. Architectural plan review
2. Provide value engineering insight
3. Assist with identifying the most appropriate form of
financing.
4. Construction of the project
5. Monitoring construction progress
As marketing and management agent for the project, we could address
ail of the issues raised in the Management Operating Memo.
We could assist the City and HRA. in any or all of the areas listed
above. Our involvement as a development. team member on this
project would ensure that the City receives the most benefit for
their project assistance.
I
M
Presbyterian
Homes
OF MINNESOTA
cormate ONka
3220 Lake Johanna Blvd.
St. Paul. MN ii1D-7997
1612163144
Johanna Shotes
3220 Lake Johanna Blvd.
Arden Hills. MN 55112.7997
16121 631.6000
Langton Place
1910 W. County Road D
Roseville. MN 55112-3599
16121631.0200
Gldeoa VA
9901 Penn Avenue So.
Bloomington. MN SS431-2997
16121084.7603
Comihanlq Services
1910 W. County Road D
Roseville. MN 55112.3599
16121631.6038
Presbyterian Homes
Foundation
3220 Lake Johanna Blvd.
St. Paul. MN 55112.7997
16121631.6105
0
Lakeshore Village
4527 Shoreline Drive
Spring Park. MN 55384.9717
16121471.8411
FAX 1612! 471.7560
Ddiraled to lir dignity
and independence
of people in retirement
January 17, 1992
Charles E. Ofgerud RECEIVED
Pynlouth, Minnesota 55447 CITY OF PLYMOUTH
RE: Proposed Senior Horsing
COw11 XM DEVROPMENT DEPT.
PymorM. MklnlesDft
Dear Mr. Dillerud:
This will adMDwledpe your letters of JWUary 9 and 10, 1992 concerning
Presbyterian Homes Interest and sporlsl!ft of this project. My letter of
January 8 was wbn kted to emphssia7e the continuum of c sW concept
praoficed by Presbyterian Homes to make ®r seniors OorrdOrteble at
various ages and conditions of heafth. This service Is ta8ored to each
resident's need so that each personal situation can be handled
appmpdo*•
We proposed a sponsorship of a 100 unit first Stage hiterdenominnuorisi
housing fadiky as deser bed In my letter. We would include low and
moderate income units In our program and request orwf *d of the
annual City senior levy to accomplish flits goal for Pymouth residents.
We request do a TIF district be established for this site providing for full
tan abatement for be years then tapering to zero at the With year. The
project will then be a full private Wx paying project thereafter. We will
evaluate the kndWon of a senior center as~stts with your assistance as
we plan to protect.
Our recent experience with the City and ft HRA of Bloomington,
Minnesota gave in valuable experience in undertaking the private
sponsorship of an exfensilre senior protect as a team effort with the city.
We we planning the construction of the third stage of that protect,
Gkkm Pond, In 101 Neo, we are cxurw* pfannirlg a 92 unit senior
housing feisty with the city of Little Canada tuft a puciic/bluets
partnership effort Including prole ct *W%ft. All residents of these
existing and planned protects haus continual access to a wide range of
special servkes provided by ou'oontlnuum of care' program.
OWN E ON"
CRY d Plymouth
immy 17, teez
Pop
We hese enclosed the fOlDwlnp deft and p Cb,, sheet to describe the
proles fbtarck and d@WL
Thonk you tar the opportunity to bring V* concept to yaur idw -tlorl. We
wM be available as requested to arwaw gLagiom at yaw nleetirtp of
Nirtuary 90.
SincGarey, .
Daniel A. BoOm me
Presidewc.EO.
DAB.Id
Owner/spordw - Daniel A Bolhotis% Daniel A Unit. Pn WNWan Homes
of Mbhnesots
Arohbot - Nd Weber. Schwars/Weber
Budder - Don Jacobson, Bor-Son Company
ftjW CoordinMw/Market - Oary 001% Ark Desslopment
Research - Judy M=W Research Qu k
Front End Runde - Carolyn Olson. GMMHC
Sponsor fterience with Senior Progirerns
Town Boarience wfth over IM Soo ProJec,Ys
Rep Anton for Perdbnnw= In this Area
Incudes Senior TAn*wm of Care' Propranh
Private Tax- Paytnp Long Tenn Advsntape
PHM Local/Arm Intertest Network
Implement e Prdorlly of OOcupanry for Pyrnoulh Residents
PiM Owner
1 Senior Levy to ft Pro /3to Obw Cky PnoIenis
Proposal Review and Clly Approval 5.1902
ft" S -F 1992
Pini Plena Cost and FYnwrx np 2
C.or ewation loss
Y W-103-1094
JANUARY 17, 1992
PLYMOUTH SENIOR HOUSING SUMMARY
LN! USES COST COST/UNIT COST/SQ FT
bland 460,000 49500 4.64
7 architect fee 291,000 2,310 2.88
8 construction 4,200,000 429000 43.35
9 bond premium/builders risk 16,540 156 0.16
10 general conditions30,000 300 0.31
11 pre-development/building permits 246,000 2,460 2.54
12 major A minor moveable 95,000 950 0.98
18 legal fees A organisatiorial 11,000 110 0.11
14 title,registration A permit 22,000 220 0.23
15 audit A accounting 7,500 75 0.08
16 marketing cost 66,000 650 0.67
17 pre -open salary A fees 22,120 221 0.23
18 construction period property tau 16,670 167 0.17
19 finance fee 274,500 2,745 2.83
20 contingency 160,000 11500 1.55
21----------------------------------
22 sub -total 5,836,930 58,963 60.24
23
24 construction interest 262,120 2,621 2.71
25 debt service to break even 112,100 1,121 1.16
26 sub -total 374,220 3,742 3.86
27---------------------------------
28 total uses 6,210,650 62,106 64.10
29
30 SOURCES
81 construction loan 5,685,550 89.94%
92 Presbyterian homes equity 176,000 2.82%
33 Plymouth equity (land) 450,000 7.25%
34----------------------------
95 total sources 6,210,550 100.00%
96
PLVN fM SENIOR WOM MENTS, -parr 1 t1 a 11% 12
I.- b...iptl.w: a -It. r fyr 110 -it par I year 2 IPF 3 Y.- 4 par S Y.- 6 V w 7 WAW 0 Y.. 9 par 10 Vier It w- 12
s 96812 0111921.1
6 NMn., BENTS: BEORIIMI. 696 •441!4 95.02 M 12 2405.00 132,596 136,677 140.7T7 16.MI ISO .076 155.326 160, 76S I" Bit 172,215 178.243 104,401 21O.M.9
4 'B' t W NKDCI, 702 2441!. 95.02 6 12 8525.00 35,110 6,987 78,007 39.210 4048 13 12,0]5 A.505 6.0:9 41-605 40.2.36 4l, 921 51,671
9 '9:- t BE0P0M, 737 244(1. 95.02 12 12 1561.00 77,155 79,170 OR -154 81.310 97.200 90,]15 3.176 717 1074 U) 103.638 107,265 111,920
f0 'b' a OEOrMM. 755 s9•ft. 95.02 IB f2 1550.00 1L2.R60 116,216 119.1413 123.3..^5 127,442 1)2,109 136.73] 141,511 1.9.,172 15145'!8 1%,901 162,.7!6
11 'E' 2 BFlKu09. 0 3 29.1!4 95.02 f2 8595.00 20.]44. 20.•49 51,598 22,`]6 2!,011 7.820 24
6533
X.516 6.409 2: ,)]1 28,2!0 2!.280
1! 'T' 2 W"o"K" 928 s4•ft. X.02 19 12 :4,50.00 140.:90 115.U14 119.78/ 15],045 159,230 164.803 170,571 276.Y1 192,720 IBM.Its 195.734 202.585
II 'O' 2 BEOPISM. 934 s4.ft. 95.02 i 12 5105.00 41.)82 12,623 43,902 45.219 46,90: 48.440 50.1)5 51.890 57.706 586 57,531 59.515
14 'M- 2 BEMnfffl 47) s4.f-. Sr.n2 12 12 5805.00 Tin. 1:4 113,420 116.031 120.335 124,x47 1:8.9116 133.418 178.098 142,921 147.923 57.100 150,159
115 S+M-TOTpI 100 509.83 6:1,268 891,104 712,116 733,511 759,184 785, 7S5 013,256 041.720 871.181 401.672 933 230 465.000
IR_ _ - _ ._ - - - - - - - -- - - -- IF O1MM:E FEE 95.02 80 12 935.On 31.920 32.072 3].%d 31, am 35.122. 37,004 8,114 44.250 40.4]5 41.640 42.898 00,185
18 1KrEM6r INCOME -MOT SERU PESERM 41,180 11.180 11,988 11,989 41.A90 41,888 11.888 4,.098 11.098 41.888 At on 41.809
19 INfERESr INCOM-OPEPRTIN6 700 1,435 2,207 3,017 3.989 4,761 S.619 6.684 7.71! 0.905 9.96 11.142
20 Mal ONCOINTS a yTV" INC. 125 129 1.13 177 141 115 149 1S4 ISO 163 180 173
21 LWNMYV INCOME 3.RM 3.708 7.019 9,434 4.115: 4.173 4.299 4.420 4.560 4.897 4.878 1.987
22 ----------------------------------------------------------------------------------------------------_------_----------'-------------_---------------------- 21 TOTAL INCOME
r.rr.r...a:..s.r..a.a....e....o....a...ert..a.aa.a..vraaa.e...a..a.se.e:..a..ae....v........e...r..........a.ev«v...vo..a.w...........r...a..r..a.....v..o
719,199 771.441 794.055 817,.166 045,058 073.726... 90),405 944.1)1 X5.911 998.877 1,072.%7 1,068.264
24 , 25 rKPE1K•ES;.a
24 --- gMINI5TRArt ON----------------..--------------------_----_-------------_--------_----_--------------------.-----------------------------
27 I.bHt wi w.,.egM 1940 116 2056 715.00 30,846 52,38- 31,006 35.:09 37,494 39.]68 41, 33Y 43,403 6,574 47,052 so 245 524757
2:1 es sl:t-t,rlspptla,sst 1980 119 2099 58.50 I? 84P IO, T]$ 1!,468 20,652 21.481 2,:69 23.!07 25.102 26.]58 2:.175 29.059 30.512
21 - - - - - - - - - - - -- - - -- - 30 aab-tett! 3920 235 4155 81..72 40,6%
31 100441101 SFRM1UE SILLNIES 7920 511.72 6.430 40.226 50,63- 11 To 55.828 58,620 61,551 628 67.860 11.253 74.815 70.55:
72 UWAf101. SICK ANON-PROOIICTIYE 235 !11.72 2,756 2.944 OM 1,190 350 7.517 3.69] 7,070 4,072 4,275 4.409 4.717
NIRM17E11EMt' FEES R 5.52 5.52 41,222 42,429 47.473 M, 955 46.479 18,055 49,.31 51. UP 5].127 51.978 813 59.755
N StIPPLIV a or EXPENSE 3,SM 7,675 3,059 1.1152 4, 2S4 1,467 4.690 1.925 5,17'1 5.430 5.701 5.986
75 .0011 a Lfd` 4,5170 4.:25 4,%1 S. S. 5.:17 6,070 1,312 6.61! 64!81 7.]]0 7,117
36 M EPTISINO 1,500 1.575 1,654 1.736 1.823 1.911 2.010 2.111 2,216 2.327' 2.443 4566
37 BM 0E8rS SM 525 S51 579 ROB 6]B 70 704 744 776 814 055
38 wNKCfIKG 3.000 7. ISO 307 3,173 3,547 3,824 4,020 4,221 4.432 4,654 4.007 6,131
31 TEL 1.550 1,6:.6 1.:09 1,794 1,894 1,978 2,OT7 2.181 2.290 2.414 2,525 2.651
1 SE WARSNNS 250 003 276 289 114 319 33S 352 369 308 407 4:8
41 ENfEPTpINRNT 480 120 NI 463 486 511 536 7 Sit 621 652 6Tt
4t W}:ROED UpCNT1ON •SICK 700 736 772 010 851 093 970 BS 1.0]4 1.086 1.140 1.197
4a Torn. fowl NlsrowtON 105.809 110,244 114,079 111.721 121.98] 170.405 136.236 142.256 240,549 155.132 162.017 169,218
4540 ---PLANT OPMrIO1K------•.--------------------.----------_--.-----------.--.------------
i 64l401. wf1wencp 760 58 1018 89.00 1.158 778 753 778 778 66 61 96 66 5
40 - - - - - - - - - - - - -- - - -- - 49 sub-f4t.1 967 58 tyle 89.00 9.158
59 EW.TKMR SAL Its 960 9.00 0.840 TN 718 734 771 62 60 62 62 S S S
51 Wells". SICK a 11011-PRQ:17CrtUE SB 9.Op 5!8 44 43 44 44 1 4 4 4 O O O
52 F1 RE 0.pRK • RELATED aM 501 524 556 503 617 7 6'S 709 76 702 021
51 Ll Ml O LFS . RELATED 6Mt 631 662 695 729 766 004 844 o96 31 97'7 I.OX
51 ELEUef09 1MINTEWOW. ENR15E 720 751. 744 8,97 9715 919 5 1.013 1.061 1.117 1.173
SS Of5-NEBrING 24.500 25.725 27,011 29.362 29.780 31.269 32.832 34. ?4 36.198 58.009 7!.708 41.907
56 ELECT r,(;Y-NOVSE 52,000 33.800 35,200 7.044 76.8!6 40.841 41.08! 6.0.'7 47.27'! 4!,613 52.125 54.7]1
ST ELECIRI rt rV-UpCRIIfS 1,200 1.260 123 1,]89 1.69 1,5]2 1,606 1,68! 1.77] 1.062 1,955 2,052
58 1Mrty a SFIER 14,400 15,120 15,87E 16.670 17,503 0.370 1!.247 20.262 21.275 22.744 23.456 44.62!
51 TRNSN RENOL9L 7.200 F. 7,9.78 6.]35 8.755 1.184 1.64! 10.171 10.678 i1. 170 11.720 12.314
60 EKrEFMINRI INO 700 739 772 010 851 093 976 905 1.031 DO& 1.140 1,197
61 NPLINME PEPPIR600 670 662 695 729 Tib 004 BM ON 931 97'7 1.026
62 ELECIRSCIIL REPAIR 1.900 1,890 1,98. 2.094 2.180 2.00 2,412 2,577 2.65! 2.792 2.132 3.079
65 PE415f" IOWPERNII FEES 1,000 1.050 I.IO} 1.15- 1.218 1.276 1.340 1.407 1,477 SS' 629 1,710
66 MILLION SUPPLIES 2,000 2.100 2.205 2,715 2,4]1 2,557 2,680 2.8'4 24!55 7.103 7,258 7.421
615 CLENiIol SUPPLIES 5100 96 992 1,042 1,094 t,I- 1,206 1..'96 1.330 1.3% 1,46. 1,537
6R vEPA1R5 900 M 997 1,042 1,094 1.149 1.206 1..^66 1.!]0 1.7% 1,466 1,5]9
67 PAINMENWE 1,150 1,930 1.929 2.026 2,127 2.237 2.00 1.462 2.596 2.715 2.ass 2,993
69 SERUICE CMITRNCTS 2,800 2.940 3.007 3.241 3,403 571 3.752 940 1.137' 1.344 4.%1 4.P"
6'I KE7S WO LOCK PEPAIR 100 910 002 26 972 1.021 1,072 I, 126 1.182 1.241 1.:03 1.368
70 PKI N1MNGLOT INTENWCE 300 715 331 347 765 303 402 422 443 44,5 48! 513
71 MEAT FM COIL REPRIPS 7109 M. 7'72 BIO 851 993 939 985 1.044 1.096 2.140 1.117
72 CARKI/rLMIRIN6f11R 900$45 992 1,062 1,094 1,149 A. 1.266 1,330 1.396 1.466 1,539
T1 PUNP11a1 TEPA19S 750 708 827 861 912 957 1.014 1.055 1,108 1.163 1.:22 1.287
N POW OCPRIR 250 263 276 28! 01 319 3315 3S2 369 3 80 407 4:B
S LAND'CiPtoo 450 47.9 4% 521 517 574 603 633 165 6% 733 770
76 PL -011110 S1PVL1 Es 500 525 SSI 579 609 630 670 704 7'44 776 814 655
77 PainiaM7 SUPPLIES 100 6311 662 695 729 766 804 644 096 911 977 1,4'6
79 OTHER, 409 SM Sri 5% S03 613 3 67S 709 76 782 821
r, -------- ------------ _------.--_..-----------------------------....--------_..-_------
80l torn. PLMT OPERArl0N5 lot. .4-.0 105.022 110.209 115.707 121.63 126.775 173.109 139.76]t46.71111 154.021 IR'.722 169.96e
Bat--E1PLaxE BERif:S---------------------- --------------------------------------------------------------------------------
BI ENPLnVFR FICA TAN 1.2-4 622 3,973 7,993 4,193 4,402 4.622 4,BS4 5,096 5,355 5,619 S,900
44 U.C. TIOI 113 962 700 399 419 4044056 462 459 509 SN 561 S99
BS EMPLOYER MEALFN INSIPWICE. 2.000 2.108 2,214 I. 72S 2.441 2.%3 2,6!1 2.825 2,%7 3.115 3,271 3.434
84ERPL0IEE BETErITS 300 315 331 447 365 383 402 422 443 465 409 513
a, emos CWPENr41r1IM t wusmmr1 540 174 192 111 201 211 222 211 244 257 269 1.3
PLVIDUTM SENIOR y.rf 1 tl rMARTMENTS. atd 12
lit+ _4.s<ripltm: 9 u its ,~Y, P -It y.r 1 M.r 2 U.r 3 wr y.r S y.r 6 Wow r Wr t y.r 9 V.r l0 y.r It W.r 12
Be PENSION CONTRIBIITI41 1.074 910 987 1,037 1.089 1.143 1,200 1.260 1,]23 1,389 1.69 I.S32
09 - eq90 TOM. EMPLOYEE BENEFITS 1,20/ 7.521 7.897 1.29. 8.706 9,142 1,599 10.079 IO.SG3 I1..1I2 It,667 12.2SI
9192 ---FIXED AM OTHER ------------------ ____---------------------------
93 PAYF.tTY TAXIES 16.]00 17.IIS 17,971 9.469 19,813 24.9-4 MASS 39,633 49.938 62.921 79.281 99.994
94 II CEASE - TEES 400 504 529 551. 583 613 H] 6M 709 745 782 021
10;j95M. WfWE EWENSE 15,250 16,01! I6.a1 17,654 19.5?6 19••63 20.436 21.68 22.571 23.68 21.841 1.08]
16 INIFrEST E70$1Y•.E 433,::15 426,x26 11••,1?!t 411,317 402.922 393,911 384,
236
373.857 362.71] 50.752 337.914 321.134
97 AINBPI'i ZAfION 7.843 7.:)43 7,813 7,:743 7.843 7.843 7,11! 7.G -S 7,11) 7.013 T.PO
35 y.r-str4i y+t93DE li•r 151,0x+ 154.030 151,070 IS4,+7]U 151,0491 154.030 151.070 154.030 154.030 154.030 151,070 154.030
99 0 FIT.Ci NII ON •LPID IIMrOWNEMIS O A O O n O 0 O O O O O
100 DFPPErlRff, 0-ft.INISMINGS 6 EOIPMEWT 1.50 9,50 9,500 9,500 9.500 9,500 9.500 9,50 9.500 9,500 9.. 9.594
101 OLPPfC1011011-OTHER770 770 7:0 770 770 770 770 770 770 770 770 770
102 •_________.-_.._____________... _....... _................... 103 TOTAL FIXED COST AND OTHER 7.398 632,201 6^6.595 6.9.539 613.998 611,094 608.916 607,766 608.034 6220.219 614.960 623.074
194105 TOTAL ERPEwSE
18,, __-___-_...-______---__--_-__-_--________________________________
959,R43 1154,980 859,560 064,.69 860,140 877,495 CBT,062 Pl9,614 913,914 930,494 950, MG, 971,351
1O7 REU •/- EMP r110, 314) 541) rK.579) 16,99?) N,W2) 0,7691 15,544 34,2•'•7 52,027 60.]89 82,-00 3.913
108 a .w .....vw..... ....
6wsr 21
w..
SS.n8.9•••40 SS.828•
x•
58.420 x61.551 • v67.ebn v
78.5561OTtotalsll.r-.s 4,9x38`• 2F••••50•.78w•••5]. 170 64.•628 71.253 74.815•
110 total [M'st+wpl y-. 1
111112 BALANCE SHEET__ --------------------- _------------------------------------------------------------------------------------
lt3 ASSETS
114CURRENT ASSETS
115 CASA -OPERATING 1.140 55.472) 60.594) SB. 170) 44 ?95) 23.687) 7.788 35.021 69,374 194,116 136.098 161.356
MI6 ACf,MNTS pECEILIlLE 16,125 16.9]1 17.:78 18.66: 19.600 20.540 21,609 22.609 23.624 25.015 26.166 27,57!
117 PREPAID E1NF1L5E5 8,00 8,400 8.820 9,261 9,721 10.210 10.7:1 11.:57 11.820 12,111 17,0]1 17,603
1.8_____________________________________-_-_-__-____-_-___--..-_________..___.._________-..-_--------------------------------------------- 119 TOTAL CURRENT ASSETS 25.225 30,141) 37.996) 170,247) 15.471) 7,103 35.714 69,167 105.028 141,542 IM.3K 202.618
IM OTHER ASSETS
121 DlRlllCi DEPOSITS 60.94] 62.269 65.649 69.61 73,640 77.474 82,352 07,07 92.094 97.310 102.9!0 108.112
122 EMOPMENT REPLACEMENT RES[R1ME 10.000 20.Sm 31,525 43.101 55,256 60.01! 01.470 95.61 110.26 125.17! 142,068 151.171
123 OEAf SERVICE RESERVE ACCdNIT 550,500 559,500 SSG SOO SS0,50 558.500 SSB.S0 958.50 558.500 558.50 558,500 SS SSG. SSG.500
124 TV -IMGSTApT V COSTS
12S LESS ADRTI2ATI0
274,-5007,813) 274.508I5.a8&1 271.500t23,S29) 2:1.5031,171) 274.501139,214) 271.50047.057)
274,500
54.90)
274.500
62.743)
274.50
70.586)
214.500
70.429)
274.!AO
86.:•71)
271,500
94.110)
124 LAND 450.000 430,000 450.00 450.000 450.000 450.00 450.000 60,000 450.000 450,080 450.07. 450.000
127LAND 11PrnUEPIE 1T5 O 0 0 O 0 0 O 0 0 0 O
229 EMIIPIENT 95,OOp 105,00 1IS,T0 1.'.6.525 138.101 ISO 2.56 263.019 1T6.4M 190.491 205.26 220.779 37.060
129 BUILDING G RELATED S.3111 DID 5,391,050 5,391,050 5,391,050 5,391.850 S.]9l,•750 5.311.050 5,391,050 5.391.050 5.391.OSO S.191,OSO 5,391,050
130 LESS fEPRECI RIIQI 0164.700) 320.6001 492.900) 657,200) 021.50) 996.:I00)[1.150,10)(t.711.401(t,fiB.700)•1.643.010>[1.807,300)tl.l71.6C0)
171 ---- ____..________--------------------_-_-_____--___-______________________-______-____.______ 132 TOTAL OTHER ASSETS 6,665,790 6,S17,S35 6.370,49E 6,2:4.740 6,00,333 5,937,34^ 5,7!5.941 S,GSS.50 S,S17,615 5,381,056 5.246,715 5.113.496
133 TOTAL ASSETS 6.691.OIS 6,AsiT, 2 6.336,500 6,191,199 6.064.662 S.9M.416S.Blf SSt 5,721,872 5,622.637 5.522.5!7 5,421.710 5,316,104
a.....w.vo.waw...v.........a e..v..................v................a.........v...v......................v.....v.........nvoww............
13S LIABILITIES
136 CURRENT' LIABILIIIF.S
137 DIBY1[E OEPOSITS PffimLE 58.943 62.269 65.819 69, 6X 73.640 77.871 82.352 87,0117 2.094 97,390 102.9!0 10.!12
130 ACCOUNTS PAYABLE 9,+700 8.100 8.820 9.261 9.724 t0.2 in 10.721 11 ? 12,820 12,411 1].031 13.603
139 RCCRIED LIABILITIES 6.00 6,300 6,615 6,06 7,293 T. 8.041 8.443 B.KS 9.30 S. 10,12
149 MCI: PIOP[RIY TRIP 4,075 1.279 1,497 4.717 4.gS3 6,241 7.864 9.90 12,404 15,730 19.820 24.97]
141 AORTfAf•E 7. IQ 6,143.50 6.050.'151 5.951,613 5.044,'00 S.T30.542 5,607.699 5,475,946 5.!34.320 S.IB2.113 5.019,362 4,804,350 4.656,500
143_________________________-______________________.__-____..___--_---__---___----_---__--_ 143 TOTAL LIABILITIES 6.220.458 6.132.179 6.037.390 S.93S.548 S.BM.tS1 5.70!.682 5,504,423 5.61,015 5.307,676 5.154,200 4.909.90 4.814.329
144 _________________-.--___-_-_-_-_---_------_---__-_------------_---_----__-_----____--_-_______________-__--------____ 16 FUND BALANCE 470,5-57 3SS.193 299.110 258.151 238,710 2]4.763 46. TX 27].851 314.957 360.717 431.74& 501.775
I46_------------------------------------__-____________-__-_--_-_-.-_-.-_-___--__------
I24 -
S--
247 TTL LIABILITIES 8 TlUO BIILAIII.E 6,612.015 6,491, 392 6,!X.500 6,194.199 6.00.862 S.9M.K 5,811,558 5.724.872 5.622.6!] 5,522.517 5.121.710 5,716•!04
1494 . .www.....v....w.a....v...a....e....e.....v............v.,.........a..w..ew.ww...w.....w..a..w.w...........vwvwww......wwv
149 CASH LOWS FROMOPERATING NCTZU TIES:
ITA IEMENUES OVER •UABE9) EXPENSES 110,34) 83,14) CGS,520) 146,093) 24.021 3.769) 15.544 34.267 52,027 60.38! 62,600 93.917
ISI DEPRECIAT Iftw • owitL91TSO1 172.143 172.143 172,143 272.14! 172.143 172,143 172.14] 172,143 I72,143 172,143 172.143 172..143
152 33% of LEUV FRM PLIIMOaTM 115,50 IIS,S00 IIS.Sm 115.50 165.50 115.500 Iis. SO IIS.SO I1S.S00 IIS -SO 115.50 115.50
153 SMSIOV OF LOY INCOME (FROM LEW1 10,000) 92,250) 94,556) 96,920) 9.343) 101.927) 104.772) 106.982) 109.6561 112.718) 135.208) 110.08)
151 ACCOBPS RECEILABLE 16,00) 806) 1817) rg8o) C9U) 994) 11.4'!) 1,00) 1.2]41 1.191) 1.251) 1.313)
ISS PREPAID ERPEwSIS 5,00) 1401 420) 443) 116X) 1496) Sig SX) r%3> C51f) r62 ' 652)
IK AC•:M+MTS PAYNGLE 5.00011 t2.9M) 7.113) l. 29x) 3,402) 4.0)182) 0).890 C4.11f0 4.X0) 4.605) 4,969) 6.149)
157 ACCRED EKWHSE5 2.500) 300) 315) 331) 047) 0365) 48!) 41V 422) 1413) 165) 499)
159 CRSN PR.DIOED BY OPERATIONS. 6t. 799 107. 3% 122,868 IX.gM 158,992 176.5], 1!2,998 20.7!2 223.540 2X.001 247.829 255.65
151 - - - - - - - - - - - -- - - -- - - - - - - _ 160 CASH FLOWS FROM INVESTING 11 FINANCING ACTIVITIES:
161 PURCHASE PROPEI•IV 6 EOUIPMENT 10.000) 10,50) 11,025) 11.50) 12.155) C12.M3) 13,401) 11,071) 14.715) IS.S11) 16.289) 117,111])
162 Tp11M5iCR5 FROM REPLR[EMEAT KSEr1X[ 0)000117 10.000 10.50 1,025 11.57& 12.155 12.947 1]•101 11.071 11,775 15.51] 16,289 17.10,
163 OEPOSI CS IO REPLACEMENT FESERM ACCOUNT 20,1X) 20.74:•) f ,]649 522.005) 022,776) 2],573) 124 3481 25,252) 1.175) 027.050) 27.9!7) 28,!71)
164 PIPINLIPPL PAYMENTS 92.514 99,7X) 106.625) 1114,44:) 1122,842) 151,853) 41,576) ISI ins, IS17101 0,163,051) 175.012) 187.850) 201,630)
165 CASH OSED BY INVESTING 8 TINPNCINO ACTIVITIES: 112,687) 120,00) 127,989) 11X,62) 16.618) 155,426) 165.923) 177.159• IB1. IR61 207..062) 215.04 230,607)
166 _ - _ - _ _ _ _ _ . _ - __ - _ __ _ - . _ _ .. __ _ _ _ _ _ _ _ _ _ _ I67 INCREASE <OECRERSE) 160E-5IrInTED CASH 43.888) 12,694) 5,321) 2.124 13,374 2.1,10 27,075 31,6!3 31,753 3-- 4 31,987. 25.258
168 - _ _ _ _ - _ _ - . _ .. _- _ _ -_ _ _ - _ _ _ _ 169 CASH SEA wins 1.10 42. TRA) 55.472) 060.594) SB, 170) N,7lS) 2].687) 0 35.021 69.374 104.116 1X.098
170 CASH ENDI W. 142.7840) CSS.4T21 60.5!4) Sq,170) C44. 795) 2!.607) 3.394 3S.T21 61.374 104_--6 96 _,w a. .ra
ax QW. At
lurartlor x enc
F.tr1rCAafpaar7Jsar
twY mrr
3131 Fe drad lace N.
Salve too
Fb=u NN 55447.5321
612.5541788
FAX:612.5541985
Ekwils ff
3534 WVN* DAre S.
Faro. ND 581046295
701.237.4392
FAX: 7014374425
ENJA rff
7302nd *W SE
NkM NN 563S1398
612483 IN
NEW
10I L M AN=
111 - atot55371.1799
612.3891171
aim sen
409Jd moa ARM SW
t111aloeaL 10165.3880638
612955.2691
I EW.4161588
AWSeg1ES
790011mber late Drive
Edenftk40056347.1137
6124347523
Senice is the spirit
Orarwolme
January 20, 1992
Mr. David Grain, Chairman
Housing and Redevelopment Authority
9ty of Myr
City Hall MW Plymouth Mdevard
Plymouth, MN 35447
Dear Mr. Crain:
Attached for your consi&mdon is a proposal from Elim Care, Inc. for
development of a senior houscig project for the City of Plymouth. As you may
know, I have been in touch with Milt Dab on several occasions and have offered
the services and expanse of Elim Care. Inc. and myself to David Crain back in
August.
Flim Care has a history of 65+ years experience and was founded fro the sob
purpose of saving seniors. At the time of expansion of our not-for-profit
organization, Elim Care, Inc. relocated our corporate offices from Princeton,
Minnesota to Plymouth, Minnesota.
For over twenty years our organization has had a burden and a dream to expand
our services into the Twin City area, ad in 1971 we purchased property in
Plymouth with the intent of developing a retirement community, but due to many
factors this has not become feasible. We have, however, proceeded with our
expansion in the development of a retirement community (Elim Shares) in Eden
Praire, and our affilistion through a management contract with Redeemcx
Residence in Minneapolis. We are excited about the community developed at
Elim Shores and are at 10096 occupancy with a waiting list. I would be happy
to give you a tour of this facility at your convenience.
Elim Care, Inc., incorporated as a not-for-profit corporation, is under the auspices
of the North Central District of die Evamgelial Free Church of America, which
has a npesentsdois of over 120 churches in Minnesota. The District headquarters
is also officed in Plymouth. With Sim's strong constituency base in the
Plymouth area, including two of our DistrWs largest churches, we have a
responsibility and obligation to serve this constituency ad community. 1 have
included a fact sheet about our organization which details our facilitles and other
pertinent information.
Mr. David Crain
January 20, 1992
Page 2
Throughout Mim's history and comish m with our future plamnbg is our mission
to serve individuals and communities wkb a commitment to compassion,
exedlem sad imovadom as we demonstrate God's love.
As an orgamim m committed to providing services to seniors, and a of
the Plymouth community, we comme!d and support your of bi to belp meet
these increasing Deeds.
Thank you for your comber slim of the Elim Can, loc. proposal, 1 am excited
about the opportrnides for senior housing in Plymouth and bole forward to
sharing with you Mim's vision for this ministry in our community.
Sincerely,
46-6u ...J,
wulism S. Myers
President/CEO
n-
Auachmem
cc: John Edson, City Council
Chuck Dillard, Executive Dirwor
Milt Dale, Housing Specialist
RXQFA lac
Eiarikrr Ar.
ijJarGuafOmaaAMV
Ihar LILewGflw
3131 Fachremk lase N.
ub 100
Nwu k M N 55147!5321
6125541788
FAL-612-M199
FixRoff
35MMwftMwS,
Fere. ND 58101.05
701437439i
FAX 7014374425
EINS is
730 2a Street SE
1811.100 56393.1398
6129834185
EymilM
101 S 71h kenos
FdoRlms M N 55371.1799
612.31171
ENEW
409illk onkewsw
tlktalmwn, MN 553880638
6122691
METIOAMUS
EiRSeates
7900111011er lake DIM
EclatPndde 055347113!
612934.7523
Service is the Spfrit
dOrWs love
HUM CARE, INC.
Elim Care, Inc. was organized as a not-for-profit corporation under the auspices
of the North Central District of the Evangelical Free Church of America some 65
years ago. Our mission has con# Nudy been to serve individuals and
communities with a major fo(m on comprehensive ministries for the elderly and
a commitment to compassion, excellence, and innovatim as we demonstrate God's
love. With our corporate headquarters ofliced in Plymouth, and a strong
denOminational constituency here, we are committed to helping mat the needs of
seniors in this area. In 1971 we purchased property in Plymouth with the intent
of developing a retirement community, which due to many factors has not ben
viable to date.
As a member of the community and consistent with our vision to serve seniors m
the area, we are most interested in the senior housing project being expkred by
the City of Plymouth. We currently have a retirement community (Elim Shores)
in Eden Prairld which is 100% occupied with a waiting list. Our ministry at Elim
Shores includes a Renal Assistance Program which provides seniors an
opportunity for affordable, independent living. '.'Cis Program is funded entirely
through Elim Care Ministries which raises up to 3.10,000 a year to mat these
needs.
In considering the Plymouth project there are several questions that should be
addressed:
1) Is the current location of choice the best location?
2) What are the number of units that an be supported in a timely and effective
manner!
3) What is in place or proposed to support due needs of those seniors as they age
in place?
a) Independent living
b) Assisted living
Q Skilled are nursing
d) Senior and nutritional center
4) How wig the City handle the demand for greater number of units to mat
rising demands for housing mads int the future? What are plans for
expansion?
S) What is the most effective ownership? Are there vehicles in place to assume
the City an accomplish this priority goal of saving Plymouth reddens?
6) Can the City mat the future needs of the senior apartment residents; i.e.,
home health aro, nursing home are, etc.?
Even though the Hma mmg Authority has discussed these issues they need to
continually be addressed as the development process condom.
ELIM CARE, INC.
PROPOSAL - CITY OF PLYMOUTH
January 20, 1992
As Pre/CEO of Elim Cue, loc., t would like to discuss some options for
Elim's potential involvement in this project. It appears that our philosophies god
priorities for congregate housing are compatible, and I fed a nelatiooft could
be bemefwW to both parties, but especially to our community. .
OPTiONB [rOR CONSI CATION•
1) City Of Plymouth own and Elim leases with option to buy.
2) City owns and Elim manages and assists In development process.
3) Elim Owns god City provides assistance dm mgb vehicles such as; tax
abatement, tax inoroment fmamd4g, sift improvements, and assist with
purchase of property.
4) Odwr - We aro open to anyk arrangement that works the best fbr the
community's senior, the City, and Elim Cane.
Thank you for your Consideration of this proposal. 1 look forward to discussing
law we at Elim Cara can be of assistance in expediting this project to hdp meet
the seeds of our seoiors.
BXC419 INC
MAW= IAL
ICWFOl41L11DE1
Ell MMAIW AOA
sour
3131 Fe 110 lace N.
Sale 100
lowA 1611 SSN7591
612,550.17818
FAX:612.5*1985
EfNSW
3534 Uolverrhy Drive &
Forgo. 0 581046295
701.2374392
FAX: 70b2374425
ErXMW
7302nd SlreetSE
NWea..641156353.1398
6124872165
A NOW
101 S. Rh maw
Rhoda NN 55371.1799
612.3891171
EI Nllorre
4091d7eeoa Avenue SW
W90I 1055390631
612455.2691
1tM.446.15N
Em Som;
7900ftW late Drhe
EdeaMILNN55347.1137
6124*7523
Service in the Sporn
of gist's Love
ELIM CAM OFAST FACTS' SH11T
UPDATED JANUARY 17, 1582
ORGANIZATION NAME: IShn CEO, Iris.
PRESIDENT: W011sm S. Myer, CEO
CONTACT PERSON: Chuck Elft, Via President of Markle ft Nrd Deveicpwm
612.860.1788
SERVICES PROVIDED: Lorp4erm 6e meed haft we
IraPi INrdant serdor houshm aomrtnwnts
Mormon nvnt cNwrddn0 services
Pun1:01 0 eeryape s
LOCATIONS: n for Elm Caro. Inc.
d.b.s. EIkn Caro M! lob ; Elfin Nantes, Inc.;
E11m Caro Foundedw. end Elm MenapNsent Services:
3131 Fm ft Lww, Suite 100, Plymouth, MN 66447
1011MAgim st few k"dorw:
3634 UW"n ty Drive S., Few, ND 68104
701.237.4382. Steve Kenwe, Adminietretsr
730 2nd Soret S.E., Milnes, MN 68363
812-883-2188; Gory WevBent, AdmNbtretor
101 S. 7th Avow, PAnaton, MN 66371.
812-388.1171, Tadd Lundeen. Admktbtrator
408 Jefharsen Avow SW, Watertown, MN 66388
612.866.2881; Tient Carlson, Adminieveter
n&IMMM - 84 unit Independent spermwnte for ardor
7800 Timber Lake Drive, Eden Fish MN 66347
612404.7623; Jarmo Frodeen, Mentum
nRs&mW R"Weeee (under am momem wnt)
3111 Lvnbb Avenue South, Mkirmpols, MN 66408
812.827.2666; 8111 Drown, Admi dstretor
0 OF RESIDENTS: 730
0 OF EMPLOYEES: 880
OF VOLUNTEERS: 476
SUMMARY OF HISTORVINGNIFICANT EVENTS:
1827 - Ekn Old People's Hones opens a a ministry of Mkawsm District Society of
the Swedish EvenpeDcd From Church of America Inow EvwgdkW Free Church
of America!
1883 - Milm Elm Hare oonatwead
1888 - Few Elm Hans constructed
Watertown Elm Home p wd=W
1871 - Prhroean Elm Nome , adog and expmlon comI'm bd to 140 bed apedty
1888 - Elmwood Manor assisted living housing opens In Pdrraterr
1888 - Incorporation of Elm Caro, Inc., Elm Romp, lnc.
1888 - EWn Msedows 11-radt Indspard1 - eptrrrerrte for sadora opens
1880- chn Shores spartn is open
Ranodo&q pmin eto completed In all few ERn Homo locadora
1881 - Aesoclsdon whh Re" wr Residence a Elba- na aged fsdlity
Elfin Pralim Services breorpn n ae for-proAt purdming and nwnsoment
compaeV.
1881 - 100% occupanw of Elm Shores
CURRENT ACTIVITIES:
GEM Shores spsrtmeme
Ound-roWns being ow ducted to fund rents assistance program, expanded
chaplaincy program and colts! needs.
raAlshelmses Unit under dem oonent M Musca Elm Hare
FUTURE EXPANSION..4UNS:
raAdult and Child gay Gro services
SiPurohase of exlaft nursingAmm wlsl a Twin Chien arse
SiDevelopnmM of additional a dor lauelnp eptioneat verbus sties
Esteblsimme of Nationel Center an Aging
raExpension of mawganent services to hasO. aro and dnwdmisted
A.
MEND
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: January 23, 1992 for Housing and Redevelopment Authority Meeting of
January 30, 1992
TO: Charles E. Dillerud, Executive Director
FROM: Kilt Dale, Housing Specialist 0AP
SUBJECT: YEAR-END STATUS REPORT ON THE SECTION 8 RENT ASSISTANCE PROGRAM
Now in the 15th year of the Section 8 Rent Assistance Program, Plymouth is
able to provide rent subsidy money for a maximum of 87 certificate holders
under the present Annual Contributions Contract (ACC) with HUD. This ACC is
scheduled to terminate on June 30, 1992. (I contacted HUD on January 22, and
was told it would be two . or three months until the ACC renewal is ready.)
Statistically, some of the program's 1992 accomplishments/occurrences are as
follows:
1. A total of 101 certificate holders (73 of Plymouth certification and 28
as portables) were receiving Section -9 assistance within the City as W
December, 1991. A total of 86 certificate holders were receiving
assistance in December of 1990.
2. Due to portability, Plymouth had 28 certificate holders as "transfers in"
as of December 1991, while during the same month, 9 Plymouth certificate
holders were residing outside the community. These Plymouth certificate
holders now reside inNew Hope (2), Loretto, Brooklyn Park (2),
Burnsville (2) and Richfield.
3. In December 1990, the average rent subsidy payment made for each
household was $367 per month. In December 1991, the average rent subsidy
payment made was $373 per month. This is an increase of $6 per month
over a year's time. The year before (1990), the increase was $16 over
the previous year (1989).
4. Section 8 renters are now renting in 13 of the 31 apartment/condominium
complexes in Plymouth. One Section 8 renter is in a private home while
two are in duplexes.
5. In 1991, the NRA received a total of $5,265.82 in administrative fees
from other agencies for "transfers in". We paid out a total of $2,278.53
to other agencies to administer our "out -going" Section 8 certificate
holders.
We are continuing to draw on applications received during June 1990 when we
took approximately 85 two bedroom applications M one month.
hra/md/sec8.1-30:dh)
r-6.
MEND
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: January 23, 1992 For Housing and Redevelopment Authority Meeting ofJanuary30, 1992
TO: Charles E. Dillerud, Executive Director
FROM: Milt Dale, Housing Specialist //WP_
SUBJECT: YEAR-END STATUS REPORT ON THE HOUSING REHABILITATION PROGRAM
Along with the Section 8 Rent Assistance Program, the Housing Rehabilitation
Program has been one of the Housing Authority's and City's major programs toassistedverylowincomepersonssince1975. Some of the statistics relatingtothisprogramareasfollows:
1. A total of 21 homeowners applied for assistance during 1991. This is a
significant increase from 1990 when only 5 homeowners applied and
received assistance.
Of the 21 who applied, 3 either were ineligible or withdrew their
application. Ten still need to provide verifications or s.ion repayment
agreements while the remainder either have work in prop r work is
completed. Five other homeowners frac previous program .ill have
some work to be done. I anticipate those five clients wii s all work
done by May 1992.
2. A variety of work projects were completed in 1991 such as gutter and
downspout replacement, re -roof, door and window replacement, insulation,
flooring and carpeting, deck/entry repair or replacement, painting, and
furnace replacement.
This program has assisted approximately 135 homeowners over the past 15 years.
There is every indication the demand and need for this program will continue
into the future.
hra/md/rehab.1-30:dh)
MEND
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: January 23, 1992 for the Housing and Redevelopment Authority Meeting
of January 30, 1992
TO: Charles E. Dilierud, Executive Director
FROM: Milt Dale, Housing Specialist"//rV6
SUBJECT: YEAR-END STATUS REPORT ON THE SENIOR CITIZEN HOUSING SITE
In 1991 the Plymouth Housing and Redevelopment Authority (NRA) continued the
process to initiate development of senior citizen housing on the City's
Downtown site. Some of the year's highlights were:
1. Senior housing interest survey conducted by Thibault Associates in April.
This survey indicated a very strong interest in development of an
affordable senior housing project.
2. Meeting with the City Council ,e July 8 to discuss direction the City
should take relative to affordaM a senior housing.
3. Appraisal to determine the value of the downtown site, the subsequent
purchase of the downtown site by the City and repayment of the County/HUD
of the Community Development Block Grant (COBG) funds thereby freeing the
site of federal requirements. This was accomplished in August and
September.
4. The selection of Arvid Elness Architects, Inc. to prepare a senior
housing concept plan and informational exhibit to acquaint the public
with senior housing options in the fall.
S. A Public Informiational Meeting in'November to allow citizens and others
the opportunity to comment on the senior housing concept. Meeting
attendees demonstrated strong support for development of affordable
senior housing.
6. A second Public Informational Meeting was held on January 4, 1992 with
similar public comments.
hra/md/senior:dh)
Ir•D•
MEND
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: January 23, 1992 for the Housing and Redevelopment Authority MeetingofJanuary30, 1992
TO: Charles E. Dillerud, Executive Director
FROM: Milt Dale, Housing Specialist -/r V —
SUBJECT: YEAR-END STATUS REPORT ON THE CHILD CARE SUBSIDY PROGRAM
The Plymouth Housing and Redevelopment Authority (MRA) has -sponsored this
program for eight years. All funds are expended for Plymouth residents
needing child care help to permit a lower income parent(s) to attend school orbeemployed. Funding over the past years has been as follows:
CDS EAR FUNDING
X1 16,500
XII 20,000
XIII 23,647
XIV 25,000
XV 25,000
XVI 25,000
XV1.I 15,000
XVIII 25,000
Utilization of Year XVI funds is still not complete. A letter from Greater
Minneapolis Day Care Association is attached.
Attachment: Letter from -Jim Nicholle dated January 13,'1992
hra/md/child:dh)
1/13/92
Milt Dale
City of Plymouth
3400 Plymouth Blvd.
Plymouth, RK 55447
Dear Mr. Dale:
JAN 17 tR:
CITY OF PLYMOUTH
00[V!R DMOweaAk
I as writing to update you on the CDBG funding Child Care slidingfeeprogram. As you have noticed, this past year we have been
slow to spend down on the CDBG dollars for your program. There
are a two major factors that have come into play.
1) New Federal Child Care funds and our policy of havingfamiliesuseanystateandFederalchildcarefundsbefore we
subsidise them with your cityfs CDBG program.
The new Federal funds called the Child Care and Developaer_t
Block Grant (CCDBG) have been targeted for non -AFDC
families who are working or in school. The funds have been
released in stages since last winter. It has meant that
some families that have been served by your city CDBG funds
were able to be switched to the new funding. Others who
have come up on the waiting lists were able to access the
new funding and did not need the city funds.
Following these policies has the effect of maximizing the
money your city puts into Child Care and assuring that the
additional money will mean additional child care subsidyforyourcity's residents. It also means that in such
transition times the spending is slow while the potential
for other funding is pursued with each family.
2) waiting lists have been building for several years and
process of contacting families has been difficult and time
consuming.
Kany of the families needing child care assistance have been
on waiting lists for one to two years. we are committed to
serve people in the order they signed up for the program. often, when we contact families their lives have changed or
they need time to assess their options now that they havechildcaresupport. If parents need to go to school, for
example, it may be a few months before the next semester or
term when they can begin school. Giving each family some
reasonable time to respond to the child care subsidy
opportunitsi means that working through the waiting list canbeaslowprocevs.
Greater Minneapolis Day Care Association
1628 Eliot Ave. S. • Minneapolis, Minnesota 55404 • (612) 341-1177 • fax (612) 341.4356
tel: `° ""gym'"
We too are concerned about the time it is taking to draw down the
Year XVI funds. We have met with Larry Blackstad from Hennepin
County Planning and have assured bin that we will be able to
spend the money on child care for low income families in
Plymouth. We still have a waiting list of Plymouth families who
have called our office in need of child care assistance. We also
honor the waiting list maintained by Hennepin County which has a
number of Plymouth families on it.
As of today there are 113M active families drawing on the
Plymouth fund and several pending applications. The applications
are awaiting parent information about school enrollment or work.
During the period from July 1, 1990 through June 30th, 1991
Plymouth CDBG funds provided the following service:
Children Served: 19
Families Served: 14
Single Parent Families: 13
Two Parent Families: 1
We do anticipate an ongoing need for funding during year XVIII.
We believe that the impact of the new federal funds will be
significant, but not sufficient to most the needs for child care.
Most of the federal funds are concentrated on low income working
families. This is good in that this is a group of people who
need dependable sliding fee child care assistance on a sliding
fee basis.
However, right now there is no program except your CDBG fupding
for single parent AFDC families who are not STRIDE eligible (ie.
on AFDC for 3 or more years or under age 24). Many of these
parents need child care help to attend school so they cin become
employable at a level that can support a family. Became of the
extremely low income of these families, we will be abbe to some
fewer families in this category with the same amount of money.
we appreciate your concern about this program and would be happy
to meet with you or any Plymouth representatives to discuss
matters further.
Sincerely,
Jim Micholis
Associate Director
Al,-tz
Grace Morris
Community Liaison
o,
9•E •
MEND
CITY OF PLV1 DUTN
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: January 23, 1-192 for Housing and Redevelopment Authority Meeting ofJanuary30, 1992
TO: Charles E. Dillerud, Executive Dirac or
FROM: Milt Dale, Housing Specialist X
SUBJECT: YEAR-END STATUS REPORT ON THE SCATTERED SITE HOMEOWNERSHIP PROGRAM
Some significant events that occurred last year are as follows:
1. The purchase of a vacant single family detached house in the Tiburon
development in January for eventual resale. This dwelling is at 3533PilgrimLaneNorth.
2. The completion of construction of a new house at 1530 Glacier lane North
in late February with landscaping finished in June.
3. The holding of two drawings to determine buyers for 1530 Glacier lane and
3533 Pilgrim Lane. A buyer was drawn and eventually selected for 15306TacierLane. However, a total of six prospective buyers all declined
the opportunity to purchase the Tiburon house.
4. The sale of 1530 Glacier Lane in November to an eligible family withthreechildrenandthreefosterchildren.
In early January the City did enter into a listing agregiment with a realtor,
Michael Depesa of Edina Realty to sell 3533 Pilgrim Lane North. At his
suggestion, the interior of the house was painted. It now appears he has
secured an eligible buyer. She is a single parent with two children.
Also, in early January, the HRA approved the selection of Thibault Associates
topprepare a plan and program for a scattered site homeownership program. A
worOcshop involving lenders, realtors and builders is scheduled for February 6whileafocusgroupinvolvingfiveprospectivehomebuyers, will be held on
February 11.
hra/md/scat.1-30:dh)
a• .
NEND
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: January 24, 1992
TO: Chuck Dillerud, Community Development Director
FROM: Milt Dale, Housing Specialist 14/9—
SUBJECT: INFORMATIONAL ITEMS FOR HRA MEETING OF JANUARY 30, 1992
A. Card from a Homeowner Thankino City for Home Improvement Grant. This
card came recently from a senior citizen coupe express ng theirappreciationforagrant. They have lived in Plymouth in the same houseover40years.
B. Data Sheet on Overview of Portability as it Affects Metro Area Housin
Authorities. MIS data Is for Comissioners perusal and sows t e impact
portaFfffty had during its first full year.
C. Retirees' Housing Tastes Become More Expensive. A recent article in the
Nall 5treetJournal confirms t e 5enlor Housing Survey done in Plymouthlastspringthatseniorsdowantmorespaceandmoreoptions.
hra/md/cd.1-30:jw)
JAI.1R42
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0
METRO HRA WORKSHOP
December 11,1991 'JAM A Igo
Polity Cf t" Y 4F PkYMOVqH
overview of porta tr.
c mg own
Facts — From Deal, IM thru November 30, 1991 we boo ported
949 dints, do activity has ban sometbtog lite ddc
661 went out to other HRAs
22S to Mph.
188 to SLPaul
74 to Dolcots onaoty
143 to other metro acre HRAs
22 to HRAs out of tie metro area
9 to other states
661 Total
288 came to Metro HRA frm other HRAs
97 from Mph.
68 boom St Fain
18 tram Dakota County
33 from other metro rues HRAs
33 from HRAs out of the metro area
17 from other data
288 Total
Proporeionatety we aro porting out 23 dints to every one we take in.
Some of our diems arae taken in by other HRAs. We all that absorbing the client.
Wben that happens, the dint roreives a 6,om the receltdngHRAmodwedropthemfromourprogram.
We mho have done some absoebhtg,
The bm dt to time shows up in the billing [rooms. Quo can talk about that put
of portability later.
Any questlaw or comments so taut
h old thatth Iii the
1.6 D reero tlau areae tIt man.
f[r. bfeeker that
the puala ww ' atart Mac -
1111
tthhreeNl
ww
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eyn'hole to the
It wll Noiiltl6l TtlKioe
Beooltte More falpefrly
woxt it omrme to hone•
loom of ane bedroom may von
woof t= lasmad of a kltebea•
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ticoeot surveys by the Institute
jadmmolndleste deJRandamongocoaeaver05In
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tame baths, ad Bore than• halt
want a full kitchen.
Phe new generailm of re•
Um dwW wants larger. more
finedod living $11101M." $01
David Kenley, dlr ew of deveh
opmeat for the aoaprol t Institute.
who does market studies for
o
nmfor housing.
an co ed by
the experience of senior housing
operators. '.People want more
mm footage.ff WW-
Ity," am David praldent
Of ReUrmktu Kmmpm L Law-
rence. Kan., which mr.-s 11 retire -
meat cmnmwiiu a around the
U.&
The current generation of to -
Um can afford its expensive
tastes. Mr. Kenley an most de•
velopen can offer two bedrooms.
two bathe and a fall kitchen for
11000 a month. Hall the people
In the U.& over 05 have Incomes
high enough to pay that rent.
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