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HomeMy WebLinkAboutHousing & Redevelopment Authority Packet 06-19-199712611 AGENDA A FMOU7N HOUSDVG AND REDEVELOPMENTAUTXOR177 Jaw 19,1997AT 7.-M PiL MOM= CalOMNRoo^ Pyr N1h Civ Ad/ 1. Call to Order 2. Approval of May 15, 1997 Minutes 3. Approval of T.R.A.I.L.S. 1997-98 Budget. Extension of Program Agreement. and Use of Section 8 Reserves 4. a. Plymouth Towne Square Monthly Housing Reports b. Authorization to Amomd Management Agreement with Walker Management, Inc. S. Status of Shenandoah Townbomes Housing Improvement Area Proposal •• 6. Other Business 7. Adjournment z The CAW Comtdl wHi be bolding a pablk bearfagand esasUfffag 9heShenWdWb Xessbrg lmpommxtAorta at itr Jaw IS& aetdlag at 7:O8Pae. M 4. 6 MR iUTEB PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY May 1s,199:' A meeting of the Plymouth Housing and Ra:-velopment Authority was called to order by Chair David Crain on May 15, 1997, at 7:05 pm. PRESENT: Chair David Crain, Commissioners Pat Pelstring, Brad Brown, Brian Helnken, and John Edson ABSENT: None STAFF PRESENT:. HILA Supervisor Ed Goldsmith, Senior ClerWPypist Barb Peterson OTHERS. PRESENT: Council Member Virginia Black, Melody Burnham of Wafer Management, Jon Thompson of Hamner Residences and former HRA Commissioner Marjie McFarland RECEPTION HONORING MARME MCFARLAND Chair Crain honored Merjie McFarland with a presentation of a plaque in recognition of her service w the HRA and the City of Plymouth. After the presentation a reception was held in her honor. APPROVAL OF MINUTES M0710N by Commissioner Edson, seconded by Commissioner Pelstring to recommend approval of the March 20,1997 minutes. Vats. 5 Ayes. MOTION carried unanimously. ASSISTANCE TO HAMMER RESIDENCES, INC. FOR THE BLACK OAKS HOME HRA Supervisor Goldsmith explained that Hammer Residences operates the home at 2611 Black Oaks Lane North for four developmentally disabled adults. The home is now in need of. renovations. They need an .additional $6,000 which they have requested from the HRA. The staff recommended approval of a loan from the HRA's Fox Forret Affordable Housing account. Commissioner Brown asked if it was an overrun of the project. Executive Director of Hammer Residences, Jon Thompson, replied that the bathroom needs to be enlarged and the fire sprinkler system has caused a problem. The water pressure is not great enough Som sheet to building. This was an unexpected problem. Commissioner Helmken asked what is the current fumd balance. Supervisor Goldsmith responded that $34,000 remains for this year. Commissioner Brown wanted to know if anything else was waiting to compete with this. 3uupamsor Goldsmith replied there is nothing at this time. of RY0WWh Hmslog and Redmbpomd AWhorky May 15, 1997 Page 11 Motion by Commissioner Hehnken, seconded by Commissioner Brown to approve the use of 4000 from the Fox Forest Affordable Housing account in the HRA General Fund for a loan to Hammer Residences, Inc. Vote. S Ayes. MOTION carried unanimously. SHENANDOAH TOWNHOMES HOUSING IMPROVEMENTS FINANCING ASSISTANCE Supervisor Goldsmith presented the report. Property owners S • .i the Shenandoah Townbomes have petitioned the City to create a Housing Improvement Area under Minnesota Statutes 429A to finance residing and relates! improvements for their development. The cost can be levied against the individual property goners and collected along with property taxes. A mrmber of options were presented and discussed by the Commissioners: 1. Establish the Housing Improvement Area and (mance the improvements with either City funds or by sdit bonds. This would add to the City's debt, but this is so low that it would not affect the City's AAA credit rating.. Establishing a precedent was of some concern. 2. The City could provide a direct loan which would require the City to come up with the full amount for the improvements, which are estimated to be approximately $1.2 to $1.4 million. 3. The City could provide a loan guarantee or debt service reserve pledge. Staff has met with a bank and they were very interested. If the homeowners association could not make the loan payments. the debt service reserve would begin to -make payments. Commissioner Brown wanted to know what recourse the City would have if the association were to fail. Supervisor Goldsmith replied that the City could take over the management of the homeowners association or levy fees against all of the properties under the Housing Improvement Area statute to recoup the City's costs. Commissioner Brown wanted to know if the bank was one which the City does business with. It is not. Commissioner Brown asked what is the average home value in the area It ranges between approximately $60,000 to $98,000 with an average of approximately $75,000. Commissioner Pel mug wanted to know how bad the siding really is. Chair Crain replied then it is in very bad shape. Commissioner Edson stated that the City would do better to assess the owners for the improvements, similar to street improvements. That opened some discussion regarding issues that the City has had with the private streets in this development. Commissioner Edson stated that he is not against providing financing to make housing improvements, but prefers to do it ti 101psa th HmW% and Redeni mmt Authaiey May 15, 1997 Ps®e 12 under a direct loan from the City to maintain control of ft whole process. He commented that the lien foreclosure process would be very expensive and very drawn. Commissioner Pelstring asked if anyone had looked at the delinquent tax situation. This had not yet been done. 16 of the 219 properties (2.7%) wen delinquent in paytaent of the first half 1997 property taz Alio, approximately 75% of the properties have their taus eserowed by a mor!pp company.j Commissioner Edson stated that this area is important as Plymouth does not have much housing in this price range and we need to take care of it and not let it get run down. The first buildings were built in 1971 and the last building in 1981. They did not hire their first management company until 1995. A new management company was hired in December. 1996. Previously they had boom self -managed. They have not had adequate homeowner assessments to pay for these improvements. Their collection history had also been poor. Commissioner Pelstriog said that bringing a bank into this would be unnecessary. The City would be responsible in the long nm anyway. He thought a fair interest rate would be 8% and that it would be a good deal for the homeowners. This could be reduced on a cele by case basis depending on income. He said to keep it simple if it can be done and do it as a straight assessment. 9` Commissioner Edson said to look down the road and make sure the City has a way to aecure it's money with as little publicity as possible. No City action is required if the loan payments come through the property tax per• Motion by Commissioner Pelsbw& seconded by Commissioner Brown that: The HRA recommend to the City Council that the City finance this project through the Housing Improvement Area statute. 2. That the City add administrative costs up front. 3. That the interest rate be set at 9% and any return in excess of the city's investment rate be returned as a fund for HRA affordable lousing. 4. The City should seek to establish a reduction of interest rates based upon need on a case to case basis. Commissioner Filson offered an amendment that the City develop criteria for establishing future housing improvement areas The amendment was accepted by the maker and the seconder of the original motion. Vote. 5 Ayes. M07ON carried unanimously. J lymouth Homft and Redevelopment Aulbor" Mor 15, 1997 Pegs 13 APPLICATION FOR 1997 COMMUNITY AC1T1V1TY SET-ASIDE PROGRAM (CASA) Motion by Commissioner Edson, seconded by Chairman Crain that the Board approve the staffs action in submitting an application to the Minnesota Housing Fine= Agency for the Community Activity Set -Aside Program for the City of Plymouth for 5400,000 in.loan authority for first time homebuyer mortgages. Vote. 5 Ayes. MOTION carried unanimously. PLYMOUTH TOWNE SQUARE MONTHLY HOUSING REPORTS Melody Burnham gave her report of Plymouth Torwori Square. lnspec, Inc. has not yet issued its report on the water infiltral an problems. A Mbmgpsco energy audit clone as part of Input's investigation was very favorable. Plymouth Towne Square is at 100% occupancy. MANAGEb[ENT PROPOSAL AND AGREEMZNT FOR PLYMOUTH TOWNE SQUARE Supervisor Goldsmith explained that the proposal reeoznved from North Ridge was unsolicited. They understand that this is simply a prelimhnary proposal. The Management agreement with Walker will renew automatically at the end of this year unless either party notifies the other by July 3 to allow the Agreement to terminate. Commissioner Brown wanted to know if we are thinking of looking at other proposals. At this time we are not unless Walker does not satisfactorily resolve the issue of the roof, attic and other water infiltration problems. Discussion followed regarding the July 3, 1997 renewal date. We need more time beyond July 31 to give notice of termination. It was suuggestN::hat we extend this time until September 3rd because of the unresolved roof issues. Motion by Commissioner Pelstring, seconded by Commissioner Edson that the HRA request that Walker agree to an amendment to extend our notice of termination option until September 3rd. They will have until June 15 to reply to this amendment Vote. 5 Ayes. MOTION carried unanimously. STATUS REPORT ON THE COMMUNITY HOME PROGRAM The Program has repaid the $23,997.05 loan from the HRA plus $4,336.25 in interest. They have closed on their financhng and had a groundbreaking on their first home in April. The Plymouth home is expected to begin construction in the Spring of 1998. Plymoal6 Honb* and ReenvkpmeM A06orky May Is, 1"7 Pap 14 TRAILS FUND RAISING REPORT Stab' has begun private fund raising for the program. Donations have bean received from Marquette Bank (6500) awl Tmck, Inc. (6500). Some potential contributors indicated that they give towards the end of the year. Staff will follow-up with them at the appropriate time. staff is also Preparing.a request to Honeywll, Inc. Commissioner Brown asked if we had lookea at to McKnight Foundmon. Carol Bode would be the contact person (The McKnight FooadMm's Welfare to Work project h to fund new hddn m As an eslating hMmdv% TJLA.LL.S. don not. gnaBfy. Staff is atteading Planning meetlogp with other west Bleaaepia ageneles and McKnigt:: regarding this projeetl General Mills was also mentioned as well as the new Riverside Bank. CORRESPONDENCE TO STATE LEGISLATORS These memos were included as general information OTHER BUSINESS: SHENANDOAH WOODS APARTMENTS PROPOSED DEVELOPIIINNT Concern was mentioned regarding the lower number of rental spaetments that would be developed on a site that had been domed and provided with public facilites to support higher densities: A motion was made to recommend to the City Council and the Planning Commission that the density be between 84 and 105 units for de site. Vote 4 syn. (Commissioner Helmken abstained) M 3 MEMO CITY OF PLYMOUTH 3400 PLYMOUTH BOW"ARD. PLYMOUTH. MN 35447 DATE: June 6, 1996 for Housing and Redevelopment Authority Mating of lune 19. 1997 TO: Aone W. Huriburt. Exawive Director jjr FROM: Melissa Carnicel casing Technician mraugh Edward J. GoMud&,`HILA Supervisor SUBJECT: Resolution Approving the Budget and Use of the Section 8 Operating Reserve for the T.R.A.I.L.S. Family Self -Sufficiency Program and Exiension of the Program Agreement In July, 1993, the HRA and the St. Louis Park Housing Authority initiated their joint family self- sufficiency program known as Training and Resmuces to Attain individual Long Term Success T.R.A.I.L.S). The program is operated by the nonprofit Employment Action Cemex under an agreement among die du+a agencies that will need to be extended for up to twelve months. The 1996- 1997 goal for the program was to enroll sixty participants from among the Section 8 and Public Housing clients of the two housing agencies. This goal was met during November, 1996. The program currently has 26 participants from Plymouth and 42 from St. Louis Park. Over half 34%) of these participants are currently employed. with the remainder in die process of looking for work, in a vocational or educational program. or in a service assessment. Thirty-=- of die participants have seen an increase in their incomes that has qualified them to have the corresponding decrease in their housing assistance from HUD contributed into an escrow account that they will be able to use for a home purchase or costa related to their continuing advancement. Two participants (both from Plymouth) have suilly completed the program. A recent survey of program participants is attached for your review. For the year starting July. 1997, the proposed program budget of $32.677, a copy of which is attached, proposes only a 2.85% increase over the current budget of 31,213. Based upon a continuing 40% participation by Plymouth clients, die HRA's abate of the budget would be $21.071. With $6,000 in CDBG bunds already allocated and $750 in private contributions to T.R.A.I.L.S., the HRA nods to allocate an additional $14,321. Funds are available in die Section R Operating Reserve to support T.R.A.I.L.S. for soother year. I am recommending that the Section 8 Operating Reserve again fwd the program for its third year. For the year ending December 31, 1996, the Reserve balance increased by $5,894 to $116,293. The projected June 30, 1997 balance in die Section 8 Reserve Account is estimated at approximately $110,000. A reduction to approximately $96,000 would leave an adequate balance for the operating reserve. Staff is continuing to work on fundraising efforts. Staff has submitted a grant application to Honeywell Corporation and is currently preparing a proposal to Pnidemid Insurance. Any funds received will be applied to the 1997-1998 program WOW. I recommend that the HRA Board adopt do attacbed resohrtlan approving the budget, use of the Section 8 Operating Rexene for the T.R.A.I.L.S. Finally Self4 dfldenry Program and estenshn d the program agreement. J Attachments: 1. Proposed T.R.A.I.L.S. Budget 2. Draft HRA Resolution 3. T.R.A.I.L.S. Participant Survey results rlftseLlKro.rY- TRAILS Budget July 1, 1997 - June 30, 1998 Full -lima case manager 25,355 2096 supervisors salary 6,963 3% d rectWe salary 1,873 Fringe BeneAts 5,883 Adirdnistradve Costs 6,803 total RESOURCE cost to operate contracted ovsrtcead for payroll, accounting, audit, etc.) Local travel 400 Subscriptione/publicatlons 150 Job Link,newspapers, etc. for job search) Stsff trdning!Organisatlon Dues 275 Postage 250 Program, Office. and Meeting supplies 700 Printing 150 Participant trawl,daycars. emergency 875 needs Educational assistmwAHmMelpants 300 Other. 100 GRAND TOTAL: $52,671 This budget supports case management services to a maximum of sixty continuous participants. HRA RESOLUTION 9746 APPROVING THE BUDGET AND USE OF THE SECTION 8 OPERATING RESERVE IN AN AMOUNT NOT -TO -EXCEED 514,321 FOR THE T.R.A.LLS. FAMILY SELF- SUFFICIENCY PROGRAM FOR THE 1997-98 PROGRAM YEAR AND AUTHORIZING EXTENSION OF THE AGREEMENT FOR OPERATION OF THE PROGRAM WHEREAS, the Plymouth HRA and St. Louis Park Housing Authority have cooperatively worked together to initiate T.R.A.I.L.S., a joint Family Self -Sufficiency Program to provide social services, education and job training to help Section 8 and Public Housing participants in the two cities reduce dependency on public assistance and reach individual goals; and WHEREAS, a budget for the program year starting July 1, 1997 for $52,677 has been proposed to serve a total of 64 program participants, 26 of whom are to be HRA clients; and WHEREAS, the HRA's proportional share of the propused budget is $21,071, less $6,750 contribution of CDBG foods and private donations; NOW, THEREFORE, BE IT RESOLVED BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF PLYMOUTH, MINNESOTA, that it approves the proposed Budget for the T.R.A.I.L.S. Family Self -Sufficiency program for the program year starting July 1, 1997; and the use of Section 8 Operating Reserves in an amount nowo-exceed $14.321 towards funding of the budget; and BE IT FURTHER RESOLVED. that the HRA Chair and Executive Director are bereby authorized to execute any documents necessary to extend the Agreement among the Plymouth HRA, the St. Louis Park Housing Authority and Employment Action Center dated July 15, 1995 for the operation of the T.RAI.L.S. program for a period of up to twelve months, consistent with the approved budget. Adopted by the Plymouth Housing and Redevelopment Authority on June 19,1997. J Enclosed is the response from a survey that was mailed to TRAILS participants in May 1997. Sixty surveys were mailed and twenty-five were returned and the results reported in this evaluation. The general response from TRAILS participants is that we have provided services that have me their needs and have been a great source of support in helping them to achieve thier economic and personal self-sufficiency goals. If you have questions and/or concerns regarding this survey and/or the results, please feel free to contact me. erely, Pow Tracy 61son TRAILS Case Manager 924-2195 or 509-5415 rZ J TRAMS SURVEY EVALUATION The following questions were asked and were rated on a scale of 14 one being poor and four being excellent. 1. Were you treated with respect from all TRAILS staff? Excellent: 100% 2 Was TRAILS clearly explained to you at enrollment? Excellent: 94% Good: 6% S. Were questions answered in a knowledgable and courteous manner? Excellent: 99% Good: 1% 4. Was TRAILS helpful in developing training and/or employment goals? Excellent: 97% Good: 2% Fair. 1% 5. Did TRAITS provide ongoing support during training and/or job search? Excellent: 97% Good: 3% 6. Was TRAILS staff accomodating to your schedule and met appointments on time? Excellent 97% Good: 3% 7. Did TRAILS staff take and return calls promptly? Excellent: 96% Good: 2% Fair. 1% Poor. 1% 8. Please rate your overall satisfaction with services provided by TRAILS, Excellent 95% Good: 5% 9. Would you recommend TRAITS to someone else? Yes: 100% Icon+ couM TRAITS serve you better? provide more advanced training opportunities more staff more help with First Time Homebuyers information volunteer and mentoring opportunities TRAILS is doing fine -I wouldn't change a thing. " The'%Mowing is in response to Emplyment. B CentWo Undoing Racism Policy. ParNeipants were asked U they felt treated diilerently based on the followingquestions. Race: No 100% Financial Status: No 100% Children's Race: No 100% Marital Stave: No 100% Age: No 100% Sexual preference: No 100% Gender: No 100% Disability: No 100% Religion: No 100% SWII Level:- No 98% Yes 2% Comments anWor concerns based on the previous questions? The answer is simple, respect was given and respect was received. " I have never heard and racist or derogitory comments from anyone at TRAM', I feel I was treated differently because of my skill level. TRAMS should support you financially to advance training needs even if you are in STRIDE. " J Additional Comments: Thank you for not too many fonans to fill out! " I think that TRAILS is perfect for people who are trying to become self. sufficient. In addition, I think that Tracy is a very nice woman. " 111 have enjoyed this program. It has been rewarding and has helped me considerably. I really think this program should continue to be there for us. " My counselor, Tracy, is very resourceful and always acOnWW tin to my schedule and needs. She is also very pronpt at returning mycape and is very friendly. Not once have I ever felt she was talking down to be or making me feel like i wasn't as good as other people bemuse I was receiving assistance, which is a common feeling I've had from other Programs. Thanks so much for Tracy and TRAILS. " I feel that the program speaks for it's self. I also feel the need for TRAILS will grow with the new Welfare Reform laws in place. TRAILS is great for me as a support system. Being able to verbally express what you are gig through is equally as important as getting on your feet on off assistance. Tracy and TRAILS has been one of my best support systems. " 1 am very happy with Tracy, my Case Manager. She is always verypleasanttomeetwithandhaslotsofhelpfulideas. " Keep up the good work! Thank you. 11 R.R.A.I.L.S. MAY, 1997 Outcome Report PY 096 ( July 1,1996 - June 30, 1997) current Cummulative Ibnth Py 1996 PY96 l1s18 !iOSlS Plymouth 0 26 .24 St.Louis Park. $ 94 1 2 70 60 um11aA rtiie iea•M•r• ULMILIL Employed Vocational *raining English as a Second Language Job Search Assessment EOOs Rum am 38 15 23 12 5 T 1 0 1 13 4 9 A 2 4 70 26 44 18-24: g1 0am + E African American 1A= 19 25-30 11 15 European Americani8 25 31-40 11 22 41-50 1 5 50+ 2 2 ffirtic nantm l7m tributing to Magwou • P23M A= 16 19 Cummulative) P23M A= Not Self -Sufficiency Goals 1 1 0 Withdrawal by Participant 4 3 1 Administrative termination 4 1 Sec.8 portability transfer 4 1 3 J am Female PI= A= 39 Male 1 5 WALKER MANAGEMENT, INC. 440 MONTHLY HOUSING REPORT s %port is to be completed by the Housing Manager and submitted to Geoff Kau6nen4 Chief Operatiog of V sr Senior Servioea at 3737 Bryant Avenue South, Minneapolis. Minnesota 35409; by the 10th of the following the report month. COMMUNITYNAME: PLYMOUTH TOWNE SQUARE NUMBER OF UMTS: 99 Indcaendent Living Units 0 Ambled Living Units REPORT MONTH: May 1997 Name of Person completing this report Melody Burnham, Housing Manager OCCUPANCY A. Total Number of apartments leased (including caretaker units) at beginning of month: 99 Total Number of apartments leased (including caretaker units) at end of month: 99 B. Occupancy Fount at end of month: 100% C. Attach Monthly Marketing Report for detailed informaticm. D. Vacant apartment(s) for MAY: 0 Vaunt apartment(s) for JUNE: 0 E. Movemin's Anticipated for JUNE: 0 F. Move Out anticipated for JUNE: 0 II. FOOD SERVICE: Not Applicable M. RESmENT SERVICES D.! A Attach copy of report math's newsletter and activities calendar. B. Attach copy of report month's minutes from Resident Council Meeting . C. Resident Issues: Coffee for 90 year olds Salad Luncheon Tournament every Wednesday Plymouth Police - Senior Safety Holy Name Chou Line Dancing Plymouth Creek Elementary School concert Resident Meeting - Lifetime Fitness Attending IV. BUILDDIG AND GROUNDS ISSUES Answer one residents concerns about outside lighting Two pieces for fascia came off building in wind storm Greg Oppegard out to site to fix small roof problem and portico Received Inspec report Get. esdmatea of r infordag the valeting fascia and fixing what came down V. HUMAN RESOURCES Nothing to report List any Account Receivables over one month past due and action taken: None Plymouth Paper interviewed 90 yr. old residents Met with resident who pays rent late Called 10 aluminum siding companies Managed k istics for large groups coming into building during month Held 19raltormado drill Scheduled Lifetimes fitness to come talk to residents VIII GOALS FOR UPCOMIIriG MONTH lige) Finish Waiting List Mail letters to Wailing List people with new numbers Have siding issues closed Order ash trays for outside Order benches for elevator lobbies Get estimates for repairing water damage MONTHLY OCCUPANCY REPORT PLYMOUTH TOWNE SQUARE 9y 1887 1997 JAN FEB MAR APR MAY JUN JUL macnING: PtbmA'oems 1 0 0 S 4 APPLICATIONS: APARTMENM Rm"ed 11 ol 0 1 1 11 0 97 87 @xdudss cwmker spwunsntWosnps spwn 1 E; Fl -j ?,Tq NA is NA NA NA NA NA NA u n 1 1 F NA NA m TCOA/ml CRIER Vol. V, Issue No. I May 1997 IN - MAY ACTIVITIES May i - KICK OFF FOR MAY MONTH! We will give tribute to our residents who are going to be 90, come join us at 10:00 in the Dining Room. May 6 - Salad Lunch! Please bring a salad that serves 8-10 oeoole. Wear a hat, (old or new)! Beverage and rolls provided. There will be a table to display any extra hats you may have. Time 11:30. Sipa uo sheet will be on the bulletin board! May 7 - Skipo at 1:00. Sign un on bulletin board! May 11-17 - Home for the Aged Week! Coffee every morning at 10:001 May 13 - A children' choir from Holy Name will be performing at 10:30. The Plymouth Police Department will be here to speak on "Senior Safety" from 1-3 p.m. Plymouth Creek Strings at 7:00. May 14 - Bunko at 1:00. Sign uR on bulletin board! Yy 15 - BBQ (Iib -eye steak, potatoes, salad, bread, beverage and dessert.) Tickets are 6.00 for adults and $3.00 for children. Proceeds will go 'to the Resident Fund. Time 6:00. Sipoy2 sheet will be on the bulletin board! May 16 - Plymouth Creek Band and Choir at 10:00 coffee. May 20 - Bake Sale, Jewelry Sale and Wbite Elephant Sale. Time 1:00, in; ...ling room. Proceeds will go to the Resident Fund! Sin MR for the bake sale on the bulletin board!. May 21- Cribbage Tournament at 1:00. Students from Plymouth Creek Elementary will be here to join us. Popcom available in dining room. SjgZno on the bulletin board! Line dancing at 7:00. May 24 - Special Brunch, 9:30-11:00. Price $3.50. May 28 - National Fitness Day! 500 Cards at 1:00. may 29 - Plymouth Rockers at 3:15 in the dining room. EVERY THURSDAY WILL BE T-SHIRT DAY. FEEL FREE TO WEAR YOUR SHIRT FROM LAST YEAR! ALSO COME AND GUESS THE M&M'S IN A JAR EVERY MONDAY. WINNER GETS TO EAT EMI Winner to be announced at 1:00. every Friday. eiA I iIII . ¢.Ie - Once again, Plymouth Towne Square invites the resident community to join in this year's celebration of Older Americans Month in May. This year's theme is Powered by the Heart" plays tnbute to the wisdom and knowledge of Plymouth's senior citizens. Plymouth Towne Square is a member of the American Association of Homes and Services for the Aging (AAHSA), a national association of more than 5,000 not-for- profit otfor- profit providers of aging services and Minnesota Health & Housing Alliance IV HHA), a state-wide organization of more that 460 not-for-profit nursing homes and senior housing providers in Minnesota. Both AAHSA and M10A members are dedicated to providing quality care to older persons and to helping older persons live as independently as possible. There is a whole month hill of activities planned for you. So sit back and put your feet up and read your Newsletter very carefully. You won't want to miss out on any Of the fim. Our new administrative assistant Kathy Bosen came at just the right time of year. Someone knew that I needed some extra guidance during this special month. We huly hope that you eWoy all that we have planned. FLOOD VICTIMS RELIEF Thanks to your generosity, $193 was collect and sent to the Flood Relief Account. Your thoughtfulness will be greatly appreciated. MAY BIRTHDAYS Elizabeth Quasi May 2 Lorraine Owson May S Patricia Micheals May S Melva Campbell May 6 Alice Heine May 14 Bouekh Plotkin May 17 Pauline Milner May 19 Mary Disch May 20 Ted Solle May 21 Lillian Ronneberg May 23 Irving Nelson May 24 Stefanie Dusk May 26 JIIST A REMINDER PLANTS in the Activity Room should all have your name on them. Vi Soucy will take care of them. Please open the shades when leaving. O Please remember that the on-call staff om the weekends, 1s only for Emergencies! e FREE BLOOD PRESSURE CHECKS will be the 3rd Monday of the month. The nurse will be here May 19 at 9:00. She will also be discussing Blood Pressure" - What the numbers mean - Guidelines - Diet Come with questions BIBLE STUDY is held every 1st, 2nd and 3rd Wednesday at 9:30, in the Meeting Room on 3rd floor. 1st and 3rd will be conducted by Nells and the 2nd will be conducted by Don. This is open to all residents. J SENIOR.MONTX RICK-0FF Come join us in du dining room as we pay special tribute to a group of ladies who live in our building who are in their 90's and still living independently. We will have a special presentation and coffee and donuts for everyone. GET-TOGE O - There are so many other activities planned that we are canceling for the mouth of May. Remember - we are still Joel ft for a ehairnum The Get -Together can be every month, every other month or whatever the chairman wants it to be. A committee is also needed. Please contact the office. As spring approaches we look ftWard to seeing all of our gardeners hard at work. There is still one plot left. Please contact the office if you wish to purchase it. The price is $10 for the season. A reminder to those who have signed up for a spot, don't forget to pay. Contact Barb Buchholtz if you have any questions regarding rule for gardening. TOURNAMENT DAYS: During May every Wednesday will be a Mama toiunament in the diming room. Sign-up are on the bulletin board. We have people to be in charge of the 500 day and the Bunko day. We are sal looking for people to help up with Skipo and Cribbage Day. On May 21 there will be 26 students from Plymoudi Creek Elementary School to play cribbage with us. Please sign up for this day even if you aren't an expert. It will be such fim to play with the children. I'm Okay Ammm Thank you for the wonderful response to the request for more checkers. Now we want to mention that maybe your want to participate in the program. To belong to I'm OK stop by the office to be put on the list. You will receive a doorknob card to be placed on your door by 9 PM and removed by 9 AM. Tire checkers walk the halls and checking on the cards to make sure your are OK. If your card is not on your doorknob when it is suppose to be, the checker will knock, then call, if they still do not contact you then they contact the office. This program is in effect to ensure your well-being. Please join in. r MOVIE MADNESS FOR MAY Agr FRIDAY EVENING 7:00 PM 1W ACTIVITIES ROOM MAY 2. 101 DALMATIANS -Disney Movie. Adventure and comedy takes place in a London flat dealing with the arrival of 15 puppies. Gleet Close, Jeff Daniels, Joely Richardon and Joan Plowright. MAY 9. PHILADELPHIA STORY - 1940 Comedy, centers on a Main Line society family's preparing for a wedding and a bride getting cold feet. Katharine Hepburn, James Stewart and Cary Grant. MAY 16 - SPEED -1994 L.A. police have a nasty problem: there's a bus on the freeway rued with explosives set to go off. Keamu Reeves, plays a SWAT officer on die case. Also stars Dennis Hopper, and Sandra Bullock. MAY 23 - FATHER OF THE BRIDE - Hilarious comedy of a befuddled father who has a hard time letting go of his young daughter when she announces her plans to wed. Steve Martini, Diane Keaton and Martin Short. MAY 30 - STEEL MAGNOLIAS =A waw and witty celebration of friendship, Southern -style. Sally Field, Shirley MacLaine, and Julia Roberts. Dear PTS Residents, I want to thank those of you who have come to the office to introduce yourselves and welcome me. I can't tell you how I appreciate your warmth and your kindness. You are a wonderful PTS family and I already feel very at home here. I look forward to meeting those of you whom I have not met, so please stop down and introduce yourselves. I thought maybe I would tell you a little bit about myself First, "I can't spell, so be patient with me"! Actually I have been in Advertising all my working life and for the last 2 years have been working at St. Therese Home in New Hope. (I was the token Lutheran). ::ere is really where I found my real love. SENIORS! So that's why I feel so blessed to be here amongst all of you. Thanks Melody!!!! I actually grew up on Schmidt Lake in Plymouth while in high school and have been back in Plymouth living since 1992. I married my Jr. High sweetheart almost 30 years ago. He is a Deputy Sheriff and works for Hennepin County. We have 3 children, a son who is 25, and plans to be married next year. Two girls, who are 14 and 16 and in 9th and 10th grade at Armstrong High School. Some of my hobbies are craft, needlepoint, baling, spending time with family • and friends. Well I've bored you r.wug% thanks for listening. I look forward to meeting all of you. J EMERGENCY PROCEDURES REVIEW ! FIRE DRILL A Fire Drill will be held on Tuesday, 5/27 between 2:00 p.m. and 4:00 p.m. If you exit the budding during the drill, Please wait by the &Wle umil the "All Clear" is given. Remember that in the event of a real fire or an evacuation, you must move away from the building and proceed to the corner of 37th Avenue and Plymouth Boulevard. ML Remember that Plymouth Towne Square has a state-of4haart fire and smoke detection system and also a full fir sprinkler system which protects the building. The Plymouth Fire Department responds to all apartment building alarms with equipment and a complement of experienced firefighters in rescue and fire control operations. This force will promptly respond to confine and control the fire and ventilate smoke from the building. Management provides a list to the Plymouth Fire Department of residents who have handicaps or disabilities and may need additional help in the event the building needs to be evacuated. If you wish to be on the list, please notify Melody or Kathy in the office. It is critical that you become well acquainted with all stairwells and alternate means of escape in your building in addition to fire emergency procedures that you are recommended to follow in case of a fire. Please become familiar with the procedures which are located in your Resident Handbook. If you are unable to locate your handbook, copies of emergency procedures are available in the office. TORNADO: Just a reminder that it is tornado season. If the National Weather Service issues a "Tornado or Severe Thunderstorm Watch" it means that the weather conditions we right for a tornado or severe weather. This gives us time to prepare and to watch the developing conditions. If a "Waning" has been issued, it means that a Tomado/Severe weather has been sighted. If you are in your apartment, pull your drapes and take shelter immediately in your bathroom. If you are in the common area of the building, move to an interior hallway or lounge. Always stay away from windows. Do not enter the garage area as it is not secure due to possible pressure on the overhead doors and the danger of flooding. May 1997 Monthly Planner Pihlled by Cdw dw Phm on 425. i7 1 2 3 s YET IW TTi IM *I t.7 IOMAUCoffsKM I000 AM ENE" o+ o e N N n' a e a 1101m. T4hmdey OPMO03S2AA1 a N A N 17 'a n n N 17 n N a A 700 PM 101 debmuomanaaNaaaaAasas aaaN sN 4 5 6 7 8 9 10 VWAMeUmb IOAOAMENoft MAOmmumcwm RAO"MgdfDairy IOMAMICaffeeM 10A0AMFpm 7A MWw 1IMAMOMIAMA wnmoi ft* IAOPMIM"mcmIY IAORIM&MW®A mmomm IOAOAMSaea7n Mla 7AOPMGMM IAOPMT=mo"Dq 7:0OPMBingo 7.00PMPileddphie Tahmaw SWY 11 12 13 14 15 16 17 9.'ODAmcm,ch IOMAMCa®a IOAOAMCIO®a RAO AM y Dairy IOAOAMO7Ma IOAOAMONAAC k SeteiDe WOO MM meN IftnAMRa4rMymawl+ 9.IOAM IaRlfb IOAOAM IOWAMOO®a 7A0 PM Sap IAO PM Same Soft 10A0 AM OaERe 10AOAY 6 00 PM Bv1}Q IOAO AM FSmaiN 7 OPM Ok imPmiI 1 T-INndaY IAorAmam ma 3:00PMOAUES 7AOmalgp._ • 7..WPMSpeed 18 19 20 21 22 23 24 900AMCW& 9OOAMWYmmCtr! I&MAMMmCLI M RAOAMftaft0f7 IAOPMShaldelt 10:00AMPSme'sa 9:30AMSP MBvmmA Service IOAOAMRMPM 7AO RI Mlrasoul" IMMAD uA 9MAMMbb* AM EM=M WON 1A0PNMaMWmer am PM OAeffSSibI00O 7AOPY IAOPMTGMEMMDAW 7A0 mummoft 7AOPM110erON& 25 26 27 28 29 30 31 9AOAMC111Oe11 IOAOAMEeaa I&NAMNmCh1E(m R00AMM"w%Dft IOMAMCaOa(M IOADAM.tSmma Salvino 7A maw tAOR rmvm 9AOAMPaMUM 3:ISPMPIymRaihas IAOPM=•aYalam NiummisIC DW(Qfep 7AOPMO-04A" IOAOAMFSmeN T,ehiAdeY 2A0mamm A0IPNSknft m 7A0PMSlee) IAD RI Tbaeamad Dq 7A0 RI EW Pihlled by Cdw dw Phm on 425. i7 MEMORANDUM TO: ANNE HVRLBURT ED GOLDSMITH FR,: Donor Fleets, Regional Direetr- of Operationa.sa Dale: JUNE 1997 RE: PTS Monthly Report for APRIL 1997 Monthly FhUMW: April FinancW Statements (sea attached). Laundry - Reflects timing on emptying machines Readw ServicedSupphes - Ordered more paper products for aff activities during May i Housdceeping/SuppGes - Reflects purchasing new vacuum clesim PO/Ceretaker Allowanced - m6ects missed payment GAIMeadngs & Sminars - AHM Occupancy Workshop 0 0: i • GAIPostage - Extra postage to read out Waiting List 1GAMeinted Communications - Reflect Latterbead ordering GM Mw - Reflects May month t -shirts ordered for staff Overall below profected budget Oeeupaoeymorkedog: Monthly Occupancy Report for April (in attachad), 97 units leased phis 2 caretakers. AprU Houft Report: includes April Resident Newsletter Plant Operations: Mailed out Waiting Iasi update lettere Eked New Assistant Windows were washed Apt i. MAHA orientation . Resident Sawkw: Remdent Councd chosen Set up programs for May Mouth Awwtes 0 Sola hn valances were mstdled Plan ordered for frond porch r 'f If you have any questions, please contact me at 8274363 CC: Geoff Kaufmann, Melody Burnham I .D YYIY 177. YI •,1Id''1. ..rl. w.fl.r. .. A..r. r. bM QaOINOOeb bwlftwk e TMmMraNs 6mbFINWANIS b ftWeemebe6mMW9%1q dam edl sold - 0.710 #am= SIX pnpl Ad NWAdmft IRr1rMM l41 10 low ee.sar.rr.aeerr.Me. 21An 196W 170 M PANFAWNr .W nr 0in e, Veeroobpew.wM fwft a ry aprwm MW aTW low yreb.ir.20CU M low pw ase94" aw a000 oMr. pAera b Ihorn0ls o oDaw. MW IN Fxpoft aep bol.bAIPSAemarbpnMe low 0 of toAr 0 000wert.NMWT. I!= TAe4 2wAIWASteAm QerlUeb CHAININ cab o WON a o ITAN OgNbboeDelmOs/YNAYM4r Oaf awmamocom ow.w o OAw1 T beaMe eaepbGrt e SaoYetwer el+eeTier 9E1W1 CASN CotCNaO - amatton swan - 1 MITT 090 M ACOSIMS OURME-M ult AICMRIW9 "CEIrIm-mato REPAID IN2AMM - UMK oREPAIO ENS - 6tRa MAL CIMROR a,E19 PROPER , swEsn. Am mmwt wltDien a IDRsWmfe LAW IN Its" R= s Es01r - awn 0UI71ENt - Dot ou WSMI E Falb - wulEl apm 41189 MUMILATIM UnsecAnoA Ma IRnERIT. PLOT. E IMMUt OWNER 482119: IORt6TAPA19.01111 mama 104 IORsom-WItAL W. sRMostlta tnt-r outs U1AIMt1:to. oRs9tatta Cots Ess ACOOR%4WE0 WWJZ&tl& 101AL t a A29<n WotAt Assns R11M0 1O8 OMK YR1A'E 081 70Th WIOItE Am9Eq GMgmt mA1M0i tR N11A1/'/6 1.0001.6E 1.00.60 15.761.3603.sma9 5.613.90.2: 31.4D0.11 30 M 43 00.90) 1:6.00 001.50 9111.93 4w.76 572.61 601.M 006.6 ISLU6.11 111.011.60 la tlRON! 0.00 x.11:.07 GaAs mom) 50.55 I163.6S1 1311.611) 11.105.63 459,0047.00 459;U7.800.0 skm.w 5.613.90.2: 5.617.90.a LOO 46.543.90 416sa.w O.9D 1s7.aR.S6 G%w.s4 LN 1.916.]0 I.t16.30 0.00 1.06" 1.015.15 o.6D 1511.815.491 461.057.9" I61.7W.621 s.766.6n.12 5.035.016.15 161.:043.11 71Eti470.s7 6",M.7 skm.w 47.010.50 0.154.76 8.8:0.15 LID M.166.S6 0.0D a1.94t_an lMULES) 917.a7.16 90.:5!.311 15.017.9111 00.741.06 6.CAi.iw.w 6.771.66sm 101.I41.OS W: Mass:all ssse ',M, psmmwmmmrm A temulmlld) 6eMs IIMILIt1rs: ACOMITS 9araKt AaCM® snaalrs me Ions atom lateral a1a1l0 Mal IMAM rams 400110 r11RMrs CklMW WMITirs . less fell BMIIVMIr llsr or9a Its MAL CWMM 11Aa11If16s LOW rM MIT: 50895 saraslr t11at Law am am No MLMKI tAMlat We C:lNlral 9aa1M11s+ M9N:If MT INCE Class) TOTAL Nm niong 1110181 LIMIl11C6s a run MLMct aster utfor W 11011111 alwim t:um' LWILIrl[s 8151 No WAU 35.400.111 9.855.52 Zs.5U.i5 518.43 fi w IZ.1c6.5n186.66a.1s 60.81:IS 106.40.00 P.6a6.1s a.585.55 t14.219.t6) 900.61 5.51LOO 114.90/.19) 90.000.10 10.000.00 ta.921.40 58.51a.ea 69.665.06 601.Q 85;1010.:a' 612.96e.1a tlZ.ast.st i r LID s.sis.000.oe s.s6s.00La aee t.al.loo.a I.00.081.18 0.667.605.19 5.60.19 0.10Ca.121.46) 0.170 9/4,M.n 8601.{0 1.60.60.19 6.7i.64S." ta.921.40 ll.aii,M-00 o os RttspsSY l MA i r SUMMIT a EM01001 4 0109fOs am Apr m" IIAee11T9 07OspT M. a in 110 OM:! SAN 1197- 1101Rt MOTET T IMeIAME a Met. AtMAL awl van= of 001. oR 0l7 1. . AMBIENT OMrt 4468." 0.625." as 0." I10.5M." 110.swee 0." 0." 511.5"." on 110191MOL PASM a,ees.0 10.015." LIS a" 01,740." WILL" am COO Swaa" YNMW-CIMIAM 1.211.01• 1,213.00 am a" S.100.1w 5,100.01- 0.0 O.00 13,3111M, 11AII M 1141:101 - aMm 331." 119.33• 410.33 849.19 1.9"." l.usit- 3.4111dt ULM 4,100.0 9At1OC1 #AtM . NMW 561.00• 115.00 30.00 000.% 2.310."- 100.00 1,400.00 231.43 2.1".00 VAUM • GMTM 01000 SO.W 50.00- 0.0 0.00 100.01• t".01• 0.01 0." 400.00 000001 NIIAL I.1a.0 1.725." 0." 0." 6.900.00 6,901.01 a" 0.0 10.701." UNITY b 0141 05.00 1211.01 LBO 0.00 501.00 501.0 0." 0.0 I.S"." MR MO1 ORALO 101.01 105.00 0.00 0." to." 115.0 35.00 20.00 1.015." Lamm 611.50 010.01 112.14- 10.29 3,3W.15 3.400.0 110101• 1.68" 10.:01." IIISCILLANM 15.01 10.10 5.00+ t3." 135." 130.00 5." 11.15 311." Taman IONS 69.61 1.96." I,S06.75• As M.611 r.3a.O 7.943.311- 6.01 21.101." TOTAL "via s 66.01.77 411..4:.61 1.141."• 1.16 81.977.0 944,161.&1 11.264.01• 1." 793.41{." Es IUS: 01010EeT newous: OISCELLAR 15.24 20.01 4.16- am 45.24 01.0 36.71• 43645 260.00 01st1EOt p01 10." 1"." 11.0- 2." 303.10 401.0 6.30 I,316 1,7411.00 SUPPLIES • Otlw 1411.40 95.01 1111.611 53.36 1151* 310.01 127..• 11:.46 1.1100.01 TOTAL OEs10E11 =ft 51.03 ITS." 0.01 20.45 693.59 A".01 1116.41• 0.12 3.401.01 eMISEEEE•100: IALAt1EO 739.01 A10." 01.11s• 0.07 2.1H.s0 3,660.00 01.10- 21.74 0.106." 01Oe7tt Lu.m=0." 110.86 10." 69.14- 30.41 s10.72 Mom 273.10• 36.16 2.01.01 a,ea. 2.4"." 2,4".00 101." 0." t,40a" 2.4sa01• NI." 204,0.01 eEM:101 D MIBMWA EO 9.01 10." S0.01- 100." 0." 101.00 1139.". 910.0. 200.00 s1 mils • mom ISLAS 350.01 0E,97• SAM 60.60 1.201.0 110.40- 0.7 330.01 WAL Wigg vee 1.002.% 1.001.0. 2.107.06- 73.61 4.024.02 1.140." 4ju.le- 50.56 10.611.00 NNNEOI TOO. a n9 no INTO UNIT 9MIM of W. so= we- WIMIIO f61n101NOa Purl 1 111111 Me INtNUMCEI IA MID M.17 4110." 177.0• 0.60 1.210.16 1.0".68 468.26• UNWITS 39.05 96.0 l6A76 59.36 ULN ULM 119.111 - Wt. MOBILISATION e." 150.0 150.411• I68.011 11+.68 600." sn.a• 1M1IME;O Au1N1rtES W.75 50.0 159.72 260.46 210.92 168.68 10A2 PgIO. t11ls•oL06 1.131.19 2.3n." I..ws.68• 51.35 12.010.4 9.00.68 5.060.56 OEMIa a SAINT. 452.19 11o.a 2N.01• 15.0 3.051.0 1.72A68 326.0 I01P1its .Glum 111.10 3".00 1".0• 62." 1.5011.n I.s00.a n MAIN MINIM SS7.60 S75.0 17.35• 3.02 2.291.15 1.310.0 si.16- N11t1ltAN[as S.31 50.0 49.01• 60.30 IS.O 668." sM.12- 10TAt PUOI OPQATNO 2.741.0 4.601.0 1.961.60• 41.47 21.531.06 19.10.68. 1.149.68 O11llTlEs1 OT1lfllEs-luc. 1.684.04 1,600.0 1160.96• SS.37 5.060.12 6.00.68 1.1119.2M Ylllllls•OAs/Ott 1.659.01 3.360.10 1.700.68• 50.61 10,1168.39 15.30." 4.7M.61- WtliTlts 1eTp 961.68 100.0 I"Al 20.26 2.166.0 3.200.68 9113.20• MAL WRITES 3.6SS.11 S.70.41 2.109.00• 36.59 17.02.01 29.760.68 6.W.a• PUMIT Ale NEUI": MMIIIAvm 1.310.99 1.40.00 0.111• 0.09 5.1197.91 1.400.68 1.6- NPMIAIIa 17.007.61 17,113.68 75.39• 0.M 4.300.42 a.617.a 226.50• awsm mim 26.671.21, 26.612.0 0.75• 0.a 168.66.68 106.60." 3."• 111301 CE-o68P"il 965.26 1.651.0 65.74• 6.50 3.681.09 4.052.6 110.96• DEAL EsIATl IAds 1.683.91 1.11S.00 100.41 6.11 7.232.65 7,016.0 210As Mill PEES 0.00 0.68 0." 9.00 0." 0." 6.68 MR "OMIT A Net. 40.017.68 46.0s1.68 33."• 0.07 w1,707." wt.9n.a 03.97- IAe.$ +wNwr 19q a we. oe w0, GMT... c.ii 11.9111.68 113.0 1;701.60 911.17 1,168.071 9.46 MAD 31.13 .30,10.0 5." 169NAS Ln 4.InA0 1.111 7.150.6 97.33 1.400.6 0.01 61.301.6 0.70 21.1100.10 31.10 0.000.0 19.16 11.100.68 17.11 0.468A0 0.68 11.00.10 0.0 200.321.0 0.a 306710." 4.71 u.316.a' LIE 21.60.0, 0." 0.68 0.11 sn.061.00 ft 41AOEaT an. 0 110 Ta W0.0 4waT 1117• Ola Oalt1 Mina or 014. At=L Octal W kl= O a4. 000 1117 nooffI». boot e 0341400 6W 43MNO6T11E1 RNIB -M 1.010.72 1.78.00 8.72 3.17 6.02.14 6.116.00 53.01• am v6stlm 0 MMI -Mala 101.91 1.310.00 467.07• 41.61 4.O0a14 s."PAO 10.46- 13.12 IT."M ampiT0 469.10 733.00 303.10- 44.00 2.00.8 2.691m 38.44 21.0 7.905.00 YOMSat 0014 0.00 am am 0.00 am 0.00 OAS 0.00 0.00 ONE Isla -MOS. Om 33.13 33.33- 000.00 SIIAO g3.3E 31.60 14 400m MIT t 40OAIIOO 6.00 a69 am 0.00 0.8 GAO 0.00 0.00 4^10 am so Ism W IS All II.W 13.00 IN." mom am- Q.St an" core L LOG am 0.69 469 ado GAO 0.00 0.00 an m 404111 4Te54E 0.00 am 0.0 0.00 Om am Gm 0.8 0.8 Cantu a mci am 23.00 13.00- an." 123.20 11GA0 am 23.10 30A 0ftt 0 N in. a69 a0 0.0 0.00 1.100.00 I.INAO 9.10- am I'mm in MEMMTM REO 0.00 a69 0.a 0.00 0.10 Om Om 0.0 0m low=-=. OP. 74.11 Ism 469- 1.19 20m SWAP 4.10- 1.44 am um es =IP. atlas 0.00 0.0 am 4.0 WAS GAG 110.19 0.0 am 4E0r 0.0 Gm as GAG 4.69 GAO Gm 0.0 1m LIClOIEO AOI 1 is 0.00 0m 0.0 a." Ism SAO E0.00 0.00 111100 aeMaeR full 3.231.13 3.114.8 11.13 8.53 12.58.15 9.1" 07.0 0.69 31.31690 1GA0141R OIOMLL 0.00 am a69 am am Gm Om GAO SAO aat100 It mm 415.0 Om 413.01 6.00 45m MAP Om 3.15 I.a m 00103 20.20 Om 69.70 Om 1114-1 411.69 MAI- 37.16 I^A0 MIare OIEE41Ta1103 ri3A1 0m InAl M.8 101.69 RASA 61.9 20.12 11600 1000 smal 44.10 117m 7+.50• 62.31 to.a am 30.10- 61.19 IA3Im LM a - 06T4 left 0.00 0.00 G.69 0.00 0.10 Om Om 0.00 9m 0e61o1 0 moor. 0.00 0.00 0.0 0.0 0.10 IOOm 44lm- 40.8 on MU Mnfs 0.69 0.0 0.00 a." 0.0 30m 30.00- ULM 3llAG smut 41.71 100690 50.10 51.11 374.0 40m 23.113- 431 I.2a:OG tnel 421.40 450.00 17.69• G.0 1.03.0E 1.000.69 1x.11- s.::, 5.4410 alscEUMEot4 77.61 50.0 17.52 Al 20.40 269m 3.40 1.1% 40800 ma Guam 640111. 7.769.Q 1.21.33 1100.71• 6.8 3I.W.40 33.161.32 1.119.14- 3.41 10.011.00 Too& OIE via loans 63.414691 10.151.33 7.336.31- 11.37 167.010.0) 210.145.32 W.Y6.45- 3.10 08.Ism anim (IGa) 1.175:15 4.011.0• 6.114.41 126.04 1."1.46• 14.1543.64- S.6E2.I1 16.1 19.41RA0- aaaamaaas aaaamaaaa aamasrm saaaa amamaan aaaararaaa asmaaaaar now uasanea ft VA iUMINOLIMAMPLYi1ii6UTB,'MN DATE: June 12,1997 for Housing and Redevelopment Authority Mating of June 19,1997 TO: Anne Huuiburt, Executive Director FROM: Edward Goldsmith, HRA Supervisor . SUBJECT: Authorization to Amend Plymouth Towne Square Management Agreement with Walker Management, Inc. At the Board's May mating staff was directed to request that Walker Management agree to an amendment of our Management Agreement to extend the MRA's option to terminate the Agreement until September 3, 1997, for this year only. This was requested in order to give the HRA additional time to evaluate Wallfer's performsnoe in responding to ongoing construction issues at Towne Square, before needing to make a decision regarding allowing the Agreement to automatically renew for an additional year. Walker staff have indicated that they will agree to an amendment to the Agreement as specified by the Board. I have instructed the City Attorney to drab the indicated amendment Recommendation: That the Beard of Commissioners amthorke the Chair and Executive Dhrector to execute an amendment to Section 9A1(b) of the Martag ment Agreement between the BRA and Walker Management, dated March 1,19% In order to extend until September 3, 1997, the BRA's option to terminate the agreement at the end of its current term. J MEMO . CITY OF PLYMOUTH .r. r3400 PL'tMOTI'H BOIJLBVARiD, ;PLYMQVI', : SS4A7. DATE: June 12. 1997 for the Housing and Redevelopment Authority Mating of June 19, 1997 TO: Amis Huriburt, Community Development Due= FROM: Edward Goldsmith, HRA Supervisor 4 SURMCT: Status of Shenandoah Townhomes Housing Improvement Area The City i ;ouncii's Public Hearing to consider creation of the Housing Improvement Area has been scheduled for the Council's mating on June 18. 1997, at 7:00pm at City Hall. The Council will be asked to establish the Housing Improvement Area with the staff directed to pursue the use of a private thud party loan backed with a debt service reserve or loan guarantee provided by the City as the preferred method to finance the improvements within the Housing Improvement Area. The specifics of the financing is to be determined after further discussions with the Shenandoah Homeowners Association and third party leaders. The Council will also be asked to establish an advisory board for the Shenandoah Townhomes Housing Improvement Area consisting of residents of the area recommended by representatives of the Shenandoah Homeowners Association. Since the Hoard discussed this proposal at its May mating. I have obtained additional information regarding the possibility of private financing for the improvements. One local bank has indicated that tiny would consider a loan that included a debt service reserve of 10% to 20% of the loan amount with an interest rate of 9.396 to 10.3 % over eight to ten years. The reserve would be in the form of a revolving fund with payments from the Horsing Improvement Area replenishing the fund after any required disbursements. Also. the bank is looking into the possibility of a grant from Me Federal Home Loan Hank to subsidize the cost of the improvements for qualifying low income homeowners. This scenario world require that the City pledge up to $280.000 on a $1,400(1.000 loan. The proposed interest rates would result in monthly payments of approximately $83 to $90 per housing unit for a ten year loan. This is $S to $12 per month more than a ten year loan at 8%. the estimated rate for a direct City loan to the homeowners association. The recommendation to the Council is based upon the smaller amount of finding that the City would have to provide sed the reduced risk to the City with a maximum 20% reserve. After the specific financing terms have L -mm determined, a final recommendation will be presented to the City Council. A copy of the City Council Report for the June 18" meeting is attached. I will provide a verbal report on the June 18m Council meeting at the Hoard's June meeting. J Agenda Number: TO: Dwight Joh='XnSunpauviwrdn=&AnwHuriburtConvnwdtyFROM: Edward (iol Development Director SUBJECT: Adoption of an Ordinance Establishing a Housing Improvement Area for the Shenandoah Townhemes, Shenandoah First and Second Additions and Creation of an Advisory Hoard for the Housing Improvement Area DATE: June it, 1997 for the City Council Meeting of June is, 1997 1. PROPOSED MOTION: That the City Council adopt the attached resolution adopting an ordinance establishing Housing Improvement Area for the Shenandoah Townhomes, Shenandoah First and Second Additions under Minnesota Statutes 428A, duccung staff to pursue the use of a private third party loan backed with a City guarantee or debt service reserve as the preferred method to finance the Housing Iadpmvematts, and creating an advisory board for the Shenandoah Townhomes Housing Improvement Area 2. BACKGROUND: On June 4,1997, the City Council received a report regarding a proposal to establish a Housing Improvement Area for the Shenandoah Townhomes under Minnesota Statutes 428A for the purpose of facilitating the residing of the buildings along with related improvements and approved a resolution establishing June le as the date for a public hearing on an ordinance to establish the Housing Improvement Area Tice report outlined five options for the City to facilitate financing of the housing improvements. Option 0 1 would establish the Housing Improvement Area with the City fording the full cost of the improvements, estimated to be $1,400,000. A fee would be levied on each property to be billed and paid with flair property taxes over a specified member of years to repay the City, with interest. Options 0 2, 3, and 4 would have the City or Housing and Redevelopment Authority provide a direct loan, loan guarantee, or debt service reserve, respectively, to the homeowners association. The association would be responsible for repaying any funds provided by the City. Option 4 S would establish the Housing Imlmovememt Area as a back- up to a City loan guarantee or debt service reserve for a private third party tart to the homeowners association. If the association was unable to make its debt service payments to a private lender, the City would make the payments. If the association was unable to re -pay the City for its payments, the City would recoup its fimds by levying fees through the Housing Improvement Area A copy of this report, dated May 28,1997 is attached. 3. DISCUSSION: Since the June 4° Council meeting, staff have had additional discussions with a local bank regarding Option # S. a Housing Improvement Area to back-up a loan guarantee or debt service reserve pledge utilizing City funds to secure a private loan to the homeowners association. These discussions indicate that a debt service reserve pledge of from ten to twenty percent of the amount of the loan would be required. The reserve would be a revolving fund with Housing Improvement Area Fees replenishing the reserve if withdrawals were necessary to cover debt service payments. A debt service reserve pledge of up to 3280.000 would be needed for a loan of $IA million. The beak has discussed a ten year loan with an int rate of approximately 9.5% to 10.5% that would result in a monthly payment of approximately $83 to $96 per housing unit for a loan of $1,400.000. Option # 5 appears to be the best alternative for the City. It avoids the need for the City to provide the full fimding for the improvements and shares the risk of a loan with a private left Under this option the City's ultimate risk is 3280.000 plus interest or less compared to up to approximately $1 A00,000 plus interest without the participation of a private lender. This option provides the maximum benefit with the smallest risk to the City. Representatives of the Shenandoah Homeowners Association have indicated that they would Woe to proceed to negotiate a third party loan with a City provided guarantee or reserve. The negotiating process would be facilitated by the adoption of the ordinance creating the Housing Improvement Ares by the Council. This would also start the statutory 43 day waiting period before the ordinance can become effective. The waiting period gives owners and residents the opportunity to object to creation of the Improvement Area or for owners to object to the inclusion of their property. Implementation of the ordinance can be stopped by 35% of the owners or 35% of the resides of the Area fling objections with the City before the enactive dates of the ordinance or the resolution approving the improvement fns. During this waiting period staff will work with representatives of the Homeowners Association serving as an advisory committee to the City (as provided for in the statute) and a bank to determine the details of the loan and the debt service reserve. These details would be brought back to the Council for its review, prior to its approval of the Housing Improvement Fees. • The Housing Improvement Area statute provides drat the City may create an advisory board to advise the City in regards to the planning and construction of the Housing Improvements and imposition of the Housing Improvement Fees in the Shenandoah Housing Improvement Area In appointing the bard, the statute provides that the Council consider for membership, members of any condominium association in the Housing Improvement Area and give the advisory board an opportunity to review, and comment upon any proposal to provide the Housing Improvements prior to its adoption by the City. Representatives of the Homeowners Association, which qualifies as a condominium association referred to in the statute, have recommended a list of persons, attached as Exhibit A to the draft Council resolution, to be appointed to serve as members of the advisory bard. 6. BUDGET IMPACT: Under the statute all costs of the Housing Improvement Area are to be charged against the affected properties. However, the City could have some short term risk to cover any delinquent debt service payments that exceeded the amount factored into the project costs. The City could recoup these costs from either the homeowners association or through the Housing Improvement Area fees charged against all of the properties. Continued deterioration of the property would adversely affect property values and property tax revenues from this area The assessor's market value for the area is approximately 2 15,500,000. Property taxes payable in 1997 are approximately $240.000. Approximately 31,200 of this is City property tax. The potential dwit tam risk to the City of providing assistance would be offset by preventing the inevitable declines in property values that would occur if the improvements were not made. Preventing a 10% to 20% decline in values would save approximately $24.000 to $48.000 in local property tax revenues annually. Approximately $3.1,20 to $6,240 of this would be City property tax. In the long tang the proposed ming unproverments would preserve and possibly jtitwase property tax revenues for the City and other local taxing jiuisdictioas. 7. R;ECOMMIDATiON: It is recommended that the attached resolution be adopted which adopts the attached ordinance creating the Shenandoah Townhomm Housing Improvement Area. directs staff to pursue the use of a private third party loan backed with a City guarantee or debt service nasus as the preferred method to finance the Housing Improvements (Option 0 5 from the May 286 Council Report): and aeon an advisory board for the Area and appoints membere thereto. A7TACifHYl ZM: 1. Draft Council Resolution 2. Draft City Ordinance 3. June 4,1997 City Couacil Report CITY OF PLYMOUTH RESOLUTION 97 - RESOLUTION TO ADOPT AN ORDINANCE TO ESTABLISH A HOUSING IMPROVEMENT AREA FOR THE SHENANDOAH TOWNHOMES, SHENANDOAH FIRST AND SECOND ADDITIONS, DIRECT STAFF TO PURSUE CERTAIN SP!CIFIED FINANCING OPTIONS FOR THE AREA AND CREATE AN ADVISORY BOARD FOR THE HOUSING IMPROVEMENT AREA UNDER MINNESOTA STATUTES 428A WHEREAS. Minnesota Statutes 428A authorizes the City to establish by ordinance a Housing Improvement Area when housing improvements aro made and the cost of such improvements are paid from fees imposed within the ares upon petition of a minimum of 23% of the homeowners within the area for the City to held a public hearing for the purpose of adopting the establishing ordinance; and WHEREAS, the City has received petitions from the owners of 47% of the Shenandoah Townhomes in the Shenandoah First and Second Additions to hold such a public hearing; and WHEREAS, the petitions and the conditions in the area warrant the creation of a Housing Improvement Area in accordance with Minnesota Statutes 428A; WHEREAS, The Plymouth City Council on June 18, 1997, conducted a public hearing regarding adoption of an ordinance establishing a Housing Improvement Area for the Shenandoah Townhomes in accordance with Minnesota Statutes 428A.13; and WHEREAS, representatives of the Shenandoah Homeowners Association have recommended members of their organization to serve as members of an advisory board to advise the City in connection with the planning and construction of the housing improvements and imposition of the housing improvement fees in accordance with Minnesota Statutes 428A.17; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA, that the City Council hereby adopts the attached ordinance to establish a Housing Improvement Area under Minnesota Statutes 428A, to be known as the Shenandoah Townbomes Housing Improvement Area, for the purpose of facilitating the re -siding and related improvements for the homes in the Shenandoah First and Second Additions and directs staff to pursue the use of a private third party loan backed with a debt service reserve or Icon guarantee provided by the City as the preferred method to finance the improvements within the Housing Improvement Area; and BE IT FURTHER RESOLVED dud the Plymouth City Council does hereby create the Shenandoah Townhomes Housing Improvement Area Advisory Board for the purpose of advising the City in regards to the planning and construction of the Housing Improvements and imposition of the Housing Improvement Fees in the Shenandoah Townhomes Housing Improvement Area and appoints those persons indicated on the attached Exhibit A to be J members of said Advisory Board. Adopted by the City Council on June 18,1997. EXHIBIT A APPOINTMENTS TO THE SHENANDOAH HOUSING DIITROVEMENT AREA ADVISORY BOARD . I. Nancy Shop" 2612 SM=doah Lane North 2. Bud Chu y, 15620.27° Avenm North 3. Jerry Maley, 2656 Shumulah Lane North 4. Darien Jenna, 2748 Tera rA w Court North j^ J i r s TO: DwightJohnson,= SupavisorPROM: Edward Ooldsmi through Ant:e'Hini. CommunityDevelopmentDirector SUBJECT: Setting the Date for a Public Hearing on the Establishment of a HousingimprovementAreafortheShenandoahTownhomes, Shenandoah First andSecondAdditions DATE: May 28,1997 for the City Council Meeting of June 4. IM I. PROPOSED MOTION: That the City Council adopt the attached resolution establishingJune18, 1997 as the date for a public hearing to accept input regarding petitions fomhomeownersintheShenandoahFirstandSeconalAdditionsrequestingthattheCityCouncilestablishaHousingImprovementArraforthepurposeofw.spd M the homes in theirdevelopmentunderMinnesotaStatutes428A. 2. BACKGROUND: The City has received petitions with 131 nen•dupliceted signatures thatvalidlyrepresent102 (47%) of the 219 hones in the Shenandoah Townhomes requesting thattheCityholdapublicheatingtoadoptanordinancetodesignateShenandoahTownhomesas a Housing Inipivvement Area under Minnesota Statutes 428A for the installation of new siding on the buildings. Copies of the petitions sre-attached. Shenandoah Townhomes arelocatedatthesoutbeastcomerofVicksburgLaneand28° Averts in Ward 1. TheOwnhomeswereconstructedbetween1971and1981. These are modest cost homes with meows market values of from approximately $60.00010 $98,000 and an avenge value ofapproximately $72,800. The 36 buildings were originally sided with plywood panel siding that has been subject to separation of the plies and weathering that has ceased paling of the paint that cannot be reasonably corrected by nlWn ing. The condition of the siding is unsightly in phuces and without replaeement of significant repair will continue to deteriorate. Photographa of theseconditionsareattached. The Homeowners Association has hired an architect to evaluate the coalition of the siding. The architect's mon is to reside the buildings and paint remaining wood trim and doors at an estimated cost ofjust under $1 A million (spy6,200 per home). Additional work recommended by the architect is not included in this estimate and would be financed separately by the individual owners. A copy of thearchitect's evaluation is attached. Other improvements, including repaving of the private drives, re•roofiog of the and replacement of retaining walls and sidewalks, are being done with the reserves curraWyJbeingsetaddsbytheHomeownersAssociationHowever. the Association's mum areinadequatetopayforthereaidingofthebuildings. The Association has provided a list of over 60 financial institutions that they boo contacted in an uosuoees:l efft to find private fbiancing for this improvement. Written documentation from four institutions indicates that the primary d0culdes in fmancing these improvements aro the multiple ownerships of the units, the difficulty incl ;%ming security to cover the loan, the inability of the Homeowners Association to meet undwAriting standards, and the huge increase that would be required in the monthly assessments paid to the Association by the owners. Copies of this documentation is a#wJw& The Housing Improvement Area legislation was adopted in 1996 and become effeetive August 1, 1996. This legislation is modeled after special legislation that had been passed for the City of Hopkins in 1994. Under this legislation a minimum of 2PA of the housing owners in an area of the City may petition the City C6tmeil to hold a public hearing to consider adoption of an ordinance to establub a Horsing kiprovement Area within which the City may impose fees on the housing owners for the east of certain housing improvements, including any City administrative costs. This is the first petition received by the City under this statute. The City can use any of its unencumbered or non-0eaignated funds or sell taxable private activity bonds to cover the front end cost of the improvements. The City can provide financial assistance to the homeowners association to do the work or contract directly for the impsovemems. The fees imposed on the property owners would be used to wpay the City for Its costs and to make any bend payments associated with the improvements, According to state statutes, the fees charged against the individual properties would be applied and collected the same as property taxes levied by the City. The ordinance must describe the basis for the imposition of the fns and the number of years drat the fees are to be in effect and must include findings that without the housing improvement area, the proposed improvements could no be made by the condominium association or housing owners and that the improvements aro needed to maintain and preserve the homes in the Area Any time after adoption of the ordinance establishing the Arca, a second public hearing is required before any applicable fees can be imposed upon the properties. Before a resolution approving the fns can be adopted, any condominium association located in the Arca must submit to the City an acceptable financial plan that provides for the future financing of maintenance, operation and capital improvearents of the common elements of the properties. 3. DISCUSSION: The holding of the public heating and the adoption of an ordinance establishing a Horsing Improvement Arca are solely at the discretion of the City Council. If either 35% of the residents, or owners represeming 35% of the residential tax capacity in the area file an objection to the ordinance with the City before its effective date, the ordinance does not become effective. The proposed improvements are necessary to maintain and preserve the homes in the arca and prevent further deterioration of the property. The improvements would preserve modest affordable homes in the City that are in short supply, preserve property values in the area and Vomit blight. Because of the nature of the siding as a common element of the structures it is not practical for the individual homeowners to undertake the wsWiug. The Homeowners Association would be tho logical entity to undertake the raaitsg, but it has did that it does not have the ability to finance the impn vements without outside assistance. The Homeowners Association has indicated a willingness to work with the City to accomplish this work and follow the statutory requirements regarding the Associsdon's responsibility for future maintenance and capital improvements. Without some form of City assistance, the improvements could not be adequately made by the individual homeowners or the Homeowners Association at this time. While it is possible that the Homeowners Association could obtain the 2/3's vote of the owners necessary to levy a special capital assessment, it would take an inordinate amount of time for them to raise the fiords necessary to do the required m k. Dumig such time the siding would comimm to deteriorate and contribute to deterioration of other structural elements of the buildings. 4. ALTERNATIVES: Staff has been evaluating the Shenandoah homeowners' request and considering alternative responses. Alternatives to the establishment of a Housing Improvement Area (Option 01) include a City or HILA loss to the homeowners association Option # 2), a guarantee of a third party loan to the homeowners association (Option 03). or pledge of a debt service reserve to be used in the event the homeowners association fails to make loan payments to a third party leader (Option # 4). An Option # 5 could also be considered which would combine Option # 1 with Options # 3 or 4. The mayor distinction between use of the Housing Improvement Area statute (Option .# 1) and a direct loan, loan guarantee, or debt service reserve (Options # 2. 3. & 4, respectively) is the method for repayment. Option # 1. Under the Housing Improvement Ara each individual property owner would be billed by the County for their share of the improvements as part of their semi-annual property tax payment. Failure to pay would result in a tax delinquency that could lead to a tax foreclosure of the property. Any tax foreclosure would be undertakers by the County and at the earliest would be completed within six years of the first delinquent payment. Any delinquencies in excess of the amount factored into the financing for the improvmems could be included into the total amounts due from all homeowners in the following year to minimize the City's exposure for delinquencies. In addition, since these payments would be part of the property tax payment, most mortgagors would include the payment as part of the owner's mortgage escrow and would require payment by the owner to prevent the property from becoming tax delinquent. Under the Housing Improvement Area loan option. the City would provide the entire amount of the loan from either existing fund balances or bond sales. If a bond sale were the source of fiords, it would be a general obligation of the City. City financing of the improvements would provide a lower interest rate for the homeowners than would private financing. The lower interest tate would slightly reduce the financial burden on the homeowners. A 2% difference in interest rates would amount to a difference of approximately $7 to $8 per month S110 to $95 per year) for lams of $6,200 per unit for from ten to twenty years respectively. Option # L Under the direst loan option, the City (or HRA) would .provide the entire J amount of the loan either through existing fund balances or bond sales. This would be the same as Option 0 1 except that the homeowners association would be directly responsible for payments on the loan rather than the individual property owners. This is similar to Options 3 4 more fully discussed in the next paragraph. Opdoas N 2, 3, & 4. Under a ban, ban ; oraaty, or debt service reserve, the homeowners association would be responsible for loan payments. The association would assess the individual homeowners for their portion of the payment. This would require a 2/3's vote of the property owners to increase their association asapnems. 1f the oasociation was- unable to get the 2/3's vote, a loan to the association would not be possible. The only option, if that occurred, would be use of the Housing Improvement Area statute. If a homeowner failed to pay assessments to the association, it could file alien against the property and tape legal action against the owner. Such action can include, as a last resort, foreclosure on the property by the association. At the earliest, a foreclosure action could be completed approximately eighteen months from the date of the first delinquent payment. If the association failed to take appropriate legal action against delinquent owners and as a result failed to make its loan payments, the City or HRA could take control of the management of the association to force such action. The City or HILA should also regularly monitor the operations of the association to be certain that the association is able to make the loan payments in a timely fashion. Option M 3. Under the ban guarantee, a source of City fiords would have to be identified to either pay-of the balance of the loan or make debt service payments in the event of a loan delinquency or default, depending upon the terns of the guarantee. The homeowners' association would be liable to the City for any payments that the City was required to make under the guarantee or reserve options. Option N 4. Under a debt service reserve, the City would provide or pledge an amount less then the amount of the loan that would be available to cover delinquent loan payments to a third party lender. The amount of the debt service reserve could be capped at an amount less than the total amount of the loan. This could limit the City's exposure to an amount less than in Options q 1. 2, or 3. The homeowners' association would be liable to the City for any payments that the City was requited to maks under the guarantee or reserve options. Option a S. The use of a Housing Improvement Ara to back-up a ban guarantee or debt service reserve utilizing City fiords to secure a private loan to the homeowners association would also be possible. Under this approach the City could minimize the funds that it would have to make available and it would not have to issue bonds. This would require that the homeowners association obtain a 2/3's approval of the property owners for an assent to cover the debt service on the loan. In addition, to get the most favorable loan terns, each of the property owners would have to give written permission for the lender to obtain a credit report on each of them. If the homeowners association became delinquent on the loan payments, the City's loan guarantee or debt service reserve pledge would be aincised by the lender. If the City were unsuccessful in collecting the delinquent amount fivm the association, the City could either take over management of the association to collect the delinquent amounts directly through property liens against the delinquent properties or levy fees against all of the 219 individual properties under the Housing Impmovement Area statute to recoup the delinquent amount. 4 This would be contingent upon the City and homeowners association being able to negotiate a loan with a third party leader. An initial discussion with a local bank indicates that this may be possible. If it were not possible to negotiate such a loan, the Housing Improvement Area designation could be used to make a City loan for the improvements. The loan guarantee, debt service reserve and Housing Improvement Area loan proposals would require City Council review and fuel approval at a later date. S. HRA RECOMENDATION: At the Housing and Redevelopment Authority's (HRA) meeting on May 13, 1997, the Board Members conducted a lengthy review and discussion of the Shenandoah homeowners' request. In a unanimous vote the Board adopted the following recommendations: That the City provide Lmncing for re -siding the Shenandoah Townbomes through the Housing Improvement Area statute. That the City add its administrative cost up -front to the cost of the proposed work. That the City establish an interest rate of Wo to be charged to the property owners, except for financial hardship cases which could receive a reduced interest rate. That any interest collected in excess of the City's terse of funds be contributed to an affordable housing fund for the City. 7%a the City establish approval criteria to be applied to any future Housing Improvement s .w aviluests. The HRA made these sec omnundations based upon the following discussion: A loan guarantee or debt service reserve would likely require that the City assume a large proportion of the risk and would be more complex than a direct loan. Charging the City loan payments directly against the properties to be paid with their property taxes is preferable to assessments through the homeowners association. The Housing Improvement Area fees would be superior to any other liens or indebtedness on the property. The homeowners' interest costs would be less with a City loan and the City could offer reduced interest costs in hardship situations. This is modest cost affordable home- 'hip housing within the City that must be Preserved. The Housing Improvement Area statute ..ds that the homeowners association develop a plan acceptable to the City that provides for the long term financing of maintenance, operations, and capital improvements of the common elements of the property. The Housing Improvement Area mechanism for financing the improvements and collecting the foes through the property tax system would be simpler than a loan guarantee or debt service reserve involving a third party lender. 6. BUDGET IWACT: Holding the public hearing has a minimal budget impact for the test of advertising and mailing. Under the statute all costs of the Housing Improvement Area are to be charged against the affected properties. However, the City could have some short term risk to cover any delinquent debt service payments that exceeded the amount factored into the project costs. The City could recoup these cerate from either the homeowners association or through the Housing Improvement Area fees charged against all of the properties. Continued deterioration of the property would adversely affect property values and property tax revenues foom these properties. The assessor's market value for the area is approximately 15,500,000. property taxes payable in 1997 are approximately 5240.000. The potential short term risk to the City of providing assistance would be offsot by preventing the inevitable declines in property values that would occur if the improvements were not made. Preventing a 10% to 209A decline in values would save approximately $24.000 to 548.000 in Iced property tax revenues annually. in the long term6 the proposed housing improvements would preserve and possibly mcmase property tax revenues for the City and other local taxing jurisdictions• 7. RECOMI ZNDATION: It is recommended that the attached resolution be adopted which provides for a public hearing to be held on June 18, 1997 at 7:00 p.m. This will allow the Council to take public testimony on the request from the property owners and residents of the area before discussing the various options proposed to address the conditions at Shenandoah Townbomes. By the time of the public hearing, staff will have additional information regarding the possible terns of a City assisted third party loan to the Shenandoah Homeowners Association for the Council to consider. ATTACHMENTS: 1. Draft Council Resolution 2. Site Map 3. Petitions from Shenandoah Townhomes 4. Doer from Shenandoah Homeowners Association S. Letter from Luken Architecture 6. Photographs of Siding 7. Documentation from Financial Institutions 6