HomeMy WebLinkAboutHousing & Redevelopment Authority Packet 03-19-1992PLYMOUTH
REPORTS
MEETING
OF
MARCH 19, 1992
A G E N 0 A
PLY14DUTH HOUSING AND REDEVELOPMENT A'JTHDRITY
March 19, 1992 at 6:30 p.m.
1. Call to Order
2. Approval of Minutes for February 20, 1992 Meeting
3. Nomination and Election of Officers
4. Scattered Site Homeownership Program - Review of Critical Issues
S. Section 8 Waiting List - Need to Consider Taking New Applications
6. Senior Housing Program - Resolution to City Council
7. Information:
a. Resignation of Commissioner Palmer
b. Section 8•Summary.Statis.tics Report, 3/1/92
c. Section 8 Financial Report for Period 7/1/91 - 1/31/92 (Balance Sheet
Operating Statement)
8: Other Business
9. -Adjournment n
hra/agenda.3-19)
A
MINUTES
PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY
FEBRUARY 20, 1992
A meeting of the Plymouth Housing and Redevelopment Authority was called toorderbyChairmanCrainintheCityCenterCouncilChambersonFebruary20, 1992, at 6:30 p.m.
PRESENT: Chairman Crain; Commissioners Ludovissie, and Edson.
ABSENT: Commissioners Ricker and Palmer.
STAFF PRESENT: Community Development Director Dillerud, and Planning
Secretary Watson.
APPROVAL OF MINUTES:
MOTION was made by Commissioner Ludovissie, seconded by Commissioner Edson, to
appr..ve the January 30, 1992 minutes, with a change to paragraph 5 under the
Senior Housing Program stating that, "The City could reduce their risk on this
project by maintaining control along with bringing someone in from the outside
to assist with the project".
MOTION carried, 3 Ayes.
NOMINATION AND ELECTION OF OFFICERf
This item was tabled to the March 19, 1992 meeting.
SENIOR NOOSING PROGRAM
Director Dillerud gave an overview of the February 18, 1992 staff report. He
stated that he had a computer set up with a spreadsheet that would allow him
to change figures on the proformas to show therevenue/expense scenario usingvariousassumptions. He said that he had sent a copy of the staff report to
all the firms that have shown an interest in this project.
Commissioner Crain asked if there should be a SAC/WAC charge for the project
and whether the Presbyterian Homes proforma stated what the debt rate wouldbe.
Director Dillerud responded that there would Le a SAC/MAC charge and that he
could not determine the debt rate for Presbyterian Homes.
Commissioner Edson stated that the Presbyterian Homes proforma assumed a 20yeardebtterm. He questioned whet would determine what the rents should be
after the subsidy.
Commissioner Edson stated that the Commission should rely on those in the
market place to determine what the rents should be. He said that more
research was needed on some of the assumptions being made before this item isbroughttotheCityCouncil.
Commissioner Crain stated that he wondered how detailed the Commission needed
to be to bring this issue to the City Council. He said he favored having the
City control the project along with an outside corporation as an advisor.
Commission Edson asked that the word "control" be defined and whether
control" meant policy control, controlling subsidy amounts, residency
priority, or day-to-day operations.
Commissioner Ludovissie stated that he felt the HRA was competent to put
together a plan along with the help of an outside consultant. He said he did
not favor a partnership arrangement because he thought the City would lose
some control of the project.
Commissioner Edson stated that if the City did take on a partner they would
have alternatives such as the City leasing the land to the partner for 99
years with revocation clauses. He said the need to discuss ervices for the
site were as important as "brick and motar" issues.
Commissioner Ludovissie stated that a partnership arrangement would need to be
a benefit to the City.
Commissioner Edson stated that the Commission needed to determine what its
objective is and whether all the available levy amount should be used for this
project, or whether some of the monies should be used on other projects.
Commissioner Crain stated that with some outside expertise the project would
move faster, giving the City more flexibility to use some of the levy for
other projects.
The Commissioners asked the developers who were present (Dominium Group, Elim
Care, Inc. and Stuart Corp.) to state how they would perform if they became a
partner with the City on this project. They stated that a procedures manual
which covered all the details would need to be developed and this had been
done previously with other cities.
Commissioner Ludovissie stated that another option could be for the City to
establish a team consisting of a developer, architect and management
consultant. He ,tressed it was important to determine what a partner or
partners brino to the table as a benefit to the City, i.e., guarantee of no
losses, compared to a partner who brings cash to the development.
The representative from Stuart Corporation stated that a management company
will get a team together for all aspects of the project.
Commissioner Edson asked what the financial benefits were to the City in
hiring a management team. He asked what detail the HRA should provide to the
City Council to begin processing this project.
Director Dillerud stated that the City tried for many years to find a company
that would put together a plan for a senior site with public assistance. He
said those that contemplated such a project all indicated that additional
public funds would be needed to develop the site on this premise.
Director Dillerud stated that the Council direction was to talk to citizens to
determine need and determine whether the project was financially feasible.
Commissioner Crain stated that the need is there and outside entities have
said the project would work. He stated that the HRA should go forward with a
recommendation to the City Council stating these determinations to find out if
the City Council wants the HRA to go forward with the project. He suggested
that if the Council gives the go ahead, the HRA could return to the Council in
60 days with a proposal with the City as the developer, or a partnership.
Commmissicier Ludovissie stated that the HRA needed to decide how involved they
want to be in the project. He said that if the HRA took in a partner it would
lessen the load for the amount of staff time required.
Director Dillerud stated that an option would be for the HRA to act as the
developer of the project and then hire a firm as a cunsultant and, "pon
completion of the project, this firm would act as the project manager of the
site.
Commissioner Ludovissie stated that the City would benefit by taking an
aggressive role in the project and it would be valuable experience for any
future projects.
MOTION by Commissioner Edson, seconded bj Commissioner Ludovissie directing
staff to prepare a draft resolution for the HRA for their next meeting on
March 19, 1992, stating its recommendation to proceed with a City -owned senior
project to include the need of services to seniors, and the concept of hiring
a consultant to assist the HRA with the project.
Roll Call Vote. 3 Ayes. MOTION carried unanimously.
ANNUAL CONTRIBUTION CONTRACTS FOR SECTION 8
Chairman Crain introduced this agenda item per the February 13, 1992 staff
report regarding Annual Contributions Contract for Section 8 Program.
MOTION by Chairman Crain, seconded by Commissioner Edson to adopt Resolution
92-01 to continue the Section 8 Program at its current level of 87
certificates and approve the new ACC through October 11, 1=.+93.
MOTION by Chairman Crain, seconded by Commissioner Edson.
Roll Call Vota. 3 Ayes. MOTION carried unanimously.
CDBG - TRANSFER OF GRANT FUNDS AGREEMENT
Chairman Crain introduced the above agenda item per the February 14, 1992
staff report.
MOTION by Commissioner Edson, seconded by Chairman Crain to recoimmend approval
of the CDBG - Transfer of Grant Funds Agreement.
Roll Cali Vote. 3 Ayes. MOTION carried unanimously.
ATTORNEY TO.REPRESENT PLYMOUTH HRA
NOTION by Chairman Crain, seconded by Commissioner Ludovissie to adopt
Resolution 92-02 to appoint Robert Helier of the firm of Best 8 Flanagan be
the legal counsel for the HRA.
Roll Call Vote. 3 Ayes. NOTION carried unanimously.
OTHER BUSINESS
Commissioner Edson stated that it may be valuable for the Commission tour
some senior sites in the area, once direction to proceed is given by the CityCouncil. 11
The Commissioners discussed setting the meeting dates for 1992. They agreed
unanimously that the 3rd Thursday of each month would be the HRA meetingdates.
Director Dillerud discussed the Section 8 audit and stated that the City has
made changes in their procedures as suggested by HUD.
Meeting adjourned at 8:20 p.m.
HRA RESOLUTION 92-01
RESOLUTION AUTHORIZING EXECUTION OF ANNUAL CONTRIBUTIONS C9NTRACT
WHEREAS, the Housing and Redevelopment Authority of PlymoutL, Minnesota
herein called the "PHA") proposes to enter into an Annual C,)ntributions
Contract (herein called the "Contract") with the United States of America
herein called the "Government").
NOW, THEREFORE, BE IT resolved by the PHA as follows:
Section 1. The Contract, substantially in the form of the contract
hereto attached and marked "Exhibit A", is hereby approved and accepted both
as to form and substance and the Chairman is hereby authorized and directed to
execute said Contract in triplicate on behalf of the Local Authority, and the
Secretary is hereby authorized and directed to impress and attest the official
seal of the Local Authority on each such counterpart and to forward said
executed counterparts, or any of them, to the Government together with such
other documents evidencing the approval and authorizing the execution thereof
as may be required by the Government.
Section 2. The Executive Director, is hereby authorized to file with
the Government from time to time, as monies are required, requisitions
together with the necessary supporting documents requesting advances to be
made on account of the contribution provided in the Contract.
Section 3. This Resolution shall take effect immediately.
Adopted by the Housing and Redevelopment Authority on February 20, 1992.
res/hra/acc)
r r
HRA RESOLUTION 92-02
RESOLUTION APPROVING ROBERT MELLER OF THE FIRM OF BEST & FLANAGAN AS LEGAL
COUNSEL FOR THE PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY
WHEREAS, the City Council for the City of Plymouth has approved Robert Meller
of the firm of Best A Flanagan to be the City's legal counsel; and.
WHEREAS, the Plymouth Housing and Redevelopment Authority wishes to retain the
same legal counsel for their purpose.
NOW, THEREFORE, BE IT hereby resolved by the Housing and Redevelopment
Authority of the City of Plymout 1, Minnesota, that Robert Meller of the firm
of Best & Flanagan be retained a: iegai for the Plymouth Housing and
Redevelopment'Authority.
Adopted by the Housing and Redevelopment Authority on February 20, 1992.
res/hra/atty)
I
MEMO
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: March 13, 1992 for Housing and Redevelopment Authority Meeting of
March 19, 1992
TO: Charles E. Dillerud, Executive Director
FROM: Milt Dale, Housing Specialist "t -i
SUBJECT: NOMINATION AND APPOINTMENT OF OFFICERS
According to the HRA bylaws, the nomination and appointment of officers
normally takes place at the time of the -annual meeting held in January each
year. However, the Plymouth City Council still needs to select a Commissioner
to reFlace Commissioner Palmer who resigned last month. 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.
Housing Authority bylaws require that all officers be approved annually.
Currently, the offices for the Housing and Redevelopment Authority are held by
the following:
Chairman . . . . . . . . . . . . . Commissioner David Crain
Vice -Chairman . . . . . . (open)
Secretary/Treasurer . . . (opnq)
Philip Blott was recently appointed by the City Council to replace
Commissioner Ludovissie.
hra/md/app.1-30:dh)
4.
ME10
CITY OF PLYMOUTH
j
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: March 13, 1992 For Housing and Redevelopment Authority Meeting of
March 19, 1992
TO: Charles E. Dillerud, Executive Mana er
FROM: Milt Dale, Housing Specialist /W
SUBJECT: SCATTERED SITE HOMEOWNERSHIP PROGRAM - STATUS REPORT
ACTION REQUESTED: Information and status report on this program.
Plymouth is launching a new Scattered Site Homeownership Program for first-
time homebuyers this month. The program is a result of development of a
program/plan for first-time homebuyers by the City's consultant, Thibault
Associates. Mr. Thibault has worked at framing this program over the last
eight weeks. Many of the guidelines were a part of the City's earlier
conceived Scattered Site Housing Assistance Program.
PRIMARY ISSUES AND ANALYSIS:
City staff and consultant have been in touch with the Housing and Urban
Development (HUD) office on various aspects of this plan and program.
Issues that have been discussed and resolved with the HUD office relate to
need to allow single person head of households to participate, and ways
financial assistance may be utilized, i.e. for downpayment assistance,
mortgage reduction, and/or reasonable closing costs.
Included as an attachment to this memo is the Model Plan for the program.
Also included is a comparative matrix, comparing the Plymouth plan with the
model plans developed by the consultant. Model Plans two and three will be
ready for review by the Housing Authority at its meeting in April. The
initial focus of the consultant's effort has been directed toward producing
a plan/program for this year to meet the funding deadline of September 30,
1992.
The interest in the first-time. homebuyers program seems to be considerable.
After residents received the March, 1992 Plymouth Newsletter, we received
over 60 calls the first week (March 2-6). On Tuesday, March 10, 1992, Chuck
Dillerud was interviewed on Channel 4 News at 5:00 p.m., and the next day we
received well over 51 phone calls. It seems likely that we could easily
have 100 registrants for the program. The registration period is scheduled
for March 17-27. A copy of the notice that is being sent to interested
callers is attached.
CONCLUSIONS AND RECOMMENDATIONS:
A public meeting be held on Thursday, April 9, 1992 at 6:00 p.m. at City
Hall. A drawing would be held at the meeting and applicants would be ranked
according to the number drawn. Commissioners are invited to be present at
the drawing.
ATTACIMM S:
1. Model Plan
2. Information Sheet
hra/md/scat.3-19)
FTMODEL P 92
SCATTERED SITE
HOMEOWNERSHIP PLAN
FOR LOWER AND VERY LOW INCOME,
FIRST-TIME HOMEBUYERS
vp CIN OF PLYMOUTH
HOUSING AND
REDEVELOPMENT AUTHORITY
Thibault
ASSOCIATES
Urban Planning Developmonl Redovebpmom Housing
CITY OF PLYMOUTH
SCATTERED SITE HOMEOWNERSHIP PLAN
FOR LOWER AND VERY LOW INCOME, FIRST -TINE HOMEBUYERS
MODEL PLAN
1992
CONTENTS
PAGE
1. GENERAL DESCRIPTION 1
2. PLAN GOALS 1
3. SCHEDULE 2
4. DEFINITIONS 3 - 6
5. FUNDING SOURCE 7
6. PLAN ADMINISTRATION 7
7. ELIGIBILITY REQUIREMENTS 7
S. REGISTRATION AND APPLICATION 8
9. PREFERENCE 8
10. WAITING LIST 8
11. SELECTION 9 - 10
12. ORIENTATION 11
13. FINANCIAL ASSISTANCE 11 - 16
14. ELIGIBLE DWELLINGS 17
15. PROCEDURES 17
16. LENDERS 1g
17. RESPONSIBILITIES OF LENDER 18
18. RESPONSIBILITIES OF FIRST-TIME
HOMEBUYER 19
19. RESPONSIBILITIES OF CITY/HRA 20
20. MODIFICATION - TERMINATION 21
APPENDIX - FORMS 21
CITY OF PLYMOUTH
SCATTERED SITE HOMEOWNERSHIP PLAN
FOR LOWER AND VERY LOW INCOME, FIRST-TIME HOMEBUYERS
MODEL PLAN
1992
1. GENERAL DESCRIPTION
Plymouth's Scattered Site Homeownership Plan for Lower and Very Low
Income, First-time Homebuyers provides financial assistance to
selected eligible buyers to reduce the mortgage principal amount
which will make the house more affordable. Families desiring to
participate must be registered, complete the application, be
eligible and have been selected to participate under the provisions
of this plan. Interested families can register between March 17
and March 27 by calling the City at 550-5056. The plan is funded
under Community Development block Grant (CDBG). Allocated funds
must be spent by September of 1992. Preference will be given to
those who work or live in Plymouth. Prospective first-time
homebuyers selected to participate are responsible for finding an
appropriate house for sale in Plymouth, selecting a lending
institution familiar with the plan, making the arrangements for the
mortgage and meeting the provisions of this plan.
2. PLAN GOALS
Plymouth's 1992 Scattered Site Homeownership Plan has the following
four goals:
a. Assist low and moderate income families in purchasing homes on
scattered sites in Plymouth.
b. Promote home ownership.
C. Recover and Recycle any funds recovered through the repayment
process to this plan or future scattered site homeownership
plans.
d. Increase the supply of affordable, habitable dwellings in
Plymouth.
1
3. SCHEDULE
In order to meet the plan goals and other requirements in a timely
manner, the following schedule is established.
March 17., 1992 Registration of first-time homebuyers opens.
March 27, 1992 Registration closes unless fewer than 100
8, 1992 Standby group commences process in small
registered.
April 4, 1992 Application - last day for submittal.
Last day for closing - P-1 through P-20.
Tentative Schedule After April 4. 1992
April 6, 1992 SelRction of prospective participants.
April. 6-10, 1992 Orientation workshops for prospective buyers.
April 30, 1992 Pre -application for mortgage must be completed
and approved by this date for P-1 through
P-20.
June 5, 1992 Last day for Certificate holders P-1 through
P-20 to execute a purchase agreement.
June 8, 1992 Standby group commences process in small
groups or on a case by case basis.
July 10, 1992 Last day for closing - P-1 through P-20.
September 4, 1992 Last day for closing - standby group
Sept. 7-30, 1992 City/HRA takes final steps to close out the
plan.
a
4. DEFINITIONS
An authorization for an eligible family to be a
yer under the provisions of this plan.
City/HRA - 'i'he City of Plymouth, Minnesota and its Housing and
Redevelopment Authority (HRA) of Plymouth, Minnesota.
Closing - The consummation of the real estate transaction. The
closing includes the delivery of a deed, financial adjustments, the
signing of notes, mortgage, second mortgage and the disbursement of
funds necessary to complete the sale and loan transaction according
to this plan.
Family - One or two or more persons sharing residency whose income
and resources are available to meet the family's needs and who are
either related by blood, marriage, or operation of law, or have
evidenced a stable family relationship.
uownpaymenr - Financial assistance provided by the City/HRA as a
deferred payment loan to reduce the mortgage principal amount or
downpayment on a house to make the house more affordable and to
more readily secure a first mortgage for an eligible first-time
homebuyer under provisions of this pian.
First Group of Twenty - The first 20 prospective homebuyers
selected and issued a Certificate by the City/HRA from the eligible
pool of registrants in accordance with this plan.
First-time Homebuyer - A family who has not owned a dwelling of any
kind within the preceding three years. (A family occupying a
dwelling with a Contract for Deed is not eligible to participate in
this plan.)
Gross Annual Income - The gross annual income from all sources
before taxes or withholding, of all individuals living in the
housing unit for at least nine months of any twelve month period
and who do not pay rent. (Nonrecurring types of income should be
included as assets rather than as income. Items for inclusion
under this category may include a single gift of cash from a party
or parties, cash sales of property, receipt of onetime survivor
benefits, etc. A one time sale of stock does not count as income,
but rather the proceeds are counted as assets.)
I. Gross annual income includes:
a. Any public assistance, including, but not limited to:
welfare, AFDC, SSI, and unemployment compensation.
h• Salaries (including commissions, bonuses, overtime pay
and tips).
C. Alimony and/or child support.
d. Interest and dividends.
e. Pensions and annuities, included P.E.R.A. and social
security.
f. Rental income, farm rental income.
g.' 9state or trust income.
h. Business profit --for self-employed individuals, inclu- ling
farmers and child care/babysitting.
i. Gains from the sale of property.
J. Payment received from properties being sold on contracts
for deed.
k. Partnership.
1. Personal and/or business loans.
M. Miscellaneous income, (including recurring gifts from a
party or parties) .
2. Gross annual income shall be based upon annualized weekly or
monthly income as of date of verification.
3. Any income determination which results in a net LOSS of jrrcome
must be considered as $0 income. That is, an income loss from
one source may not by subtracted from a separate source of
income for the purpose- of determining total household gross
annual income.
4. Any educational grants, including VA benefits, which ate paid
directly to the individual must be included as income. Grants
or scholarships which are paid directly to an educational
institution are not included as income, nor are educational
loans.
5. Projected bonus and/or overtime will be determined. by the loan
administrator through contacting an employer. The amount may
be based prior to years figures or average amount awarded to
other employees with the same status. The most recent IRS tax
return may also be used for these purposes.
6. Self-employed persons must submit signed copies of IRS tax
returns, as sent, for the previous two years. Applications
processed before April 15th of any given year may use the IRS
tax returns from the second and third preceding years if that
for the first preceding year is not available. Applications
processed after April 15th of any given year must use the IRS
tax returns from the first and second preceding years. The
administering entity will determine gross annual income by
averaging the income from the two submitted returns. Normal
out-of-pocket business expenses such as office rents,
telephone., etc.., are generally deductible items. Property or
equipment depreciation and entertainment are not deductible.
7. Individuals who have been self-employed for less than two
years must submit a properly prepared cash basis Profit and
Loss Statement detailing the business income and expenditure.
Ideally, the Statement should be prepared and signed by a CPA
although the applicant may prepare one him or herself provided
that it is accompanied by a declaration that all information
contained in the Statement is accurate and complete and that
the applicant is aware that any errors or evasions may result
in prosecution. If the individual can produce a signed IRS
return for one complete year of self-employment and a Profit
and Loss Statement for the subsequent period, that will be
acceptable.
a. Income from rental properties, including rents from the
property to be improved, shall be included in gross income.
Expenses allowable for deduction for rental purposes include
a proportional share of mortgage principal and interest
payment, utilities, tares, insurance, and maintenance. In no
event shall such deductions exceed gross rental income.
9. The Calculation of Gross Annual Income may NOT be based on a
temporary condition as unemployment or temporary worker's
compensation. If unemployment recurs on a regular basis,
Gross Annual Income shall include the sum of wages and
unemployment compensation expected to be received by the
household in the coming year. If worker's compensation is
permanent income, it must be verified by the insurance
company.
Gross Annual Income may not be based on temporary nonrecurring
unemployment of known duration, such as that due to layoffs,
maternity leave, sabbatical leave, etc. Rather, income shall
be calculated based on the normal Annual Income of the
temporarily unemployed person.
Application of those who are unemployed for an unknown period
of time shall not be zonsidered until the unemployed household
member has exhausted all eligibility for unemployment
compensation and the employer indicates a callback data is
unknown.
Gross Assets - The current market value of the following minus
existing indebtedness:
1. Cash on hand
2. Cash in checking accounts
3. Cash in savings accounts, including accounts held in trust.
4. The cash value of life insurance policies.
5. The current market value of all interest in real estate.
Included in this determination is any land in which any
resident of the household holds title or is selling on
contract for deed. The value of the contract for deed
property shall be defined at 100% of the outstanding balance
on the contract at a time of twelve months following the date
of the income and other asset verifications. The dollar
amount of the difference between the outstanding balance at
the time of verifications and the outstanding balance twelve
months later shall be included as household income.
6. All other property, exclusive of household furnishings,
clothing, and one vehicle. This section includes but is not
limited to: business equipment, boats, snowmobiles,
motorcycles, farm stock, and additional vehicles.
7. If the applicant owns a business, in full or in part, and that
business is incorporated, then the business equipment is not
an asset. If the business is not incorporated, the business
equipment is then considered a personal asset. The value of
the ownership of the business by the applicant is a personal
asset. If the applicant owns less than 100 percent of the
business, written notarized proof of the percent of ownership
must be provided by the applicant to administering entity.
Lower Income Family - A family whose annual .income does not exceed
80 percent of the median income for the area, as determined by HUD
with adjustments for smaller and larger families.
Mortgage - The conveyance of an interest in real property given as
security for the payment of a loan.
Note - A written instrument containing a promise by the signer to
pay an agreed amount.
Plan - Refers to the City/HRA's Scattered Site Homeownership Plan
for Lower and Very Low Income First -Time Homebuyers.
Purchase Agreement - An agreement between buyer and seller of real
property, setting forth the price and term of the sale. Also known
as a sales contract.
Second Mortgage - A loan on property which already has an existing
mortgage (the first mortgage). The second mortgage is subordinate
to the first.
Standby Families - Families ranked below those first selected and
issued a Certificate by the City/HRA from the eligible pool of
registrants in accordance with this plan.
Very Low Income Family - A family whose annual income does not
exceed 50 percent of the median income for the area, as determined
by HUD, with adjustments for smaller and larger families. HUD may
establish income limits higher or lower than 50 percent of the
median income for the area on the basis of its finding that such
variations are necessary because of unusually high or low familyincomes.
5. FUNDING SOURCE
Funding will be made through the City of Plymouth using Community
Development Block Grant (CDBG) funds made a..railab a to Plymouth -by
the Department of Housing and Urban Development.
6. PIAN ADMINISTRATION
The plan will be administered through the City of Plymouth's
Housing and Redevelopment Authority. Housing Specialist Milt Dale
will be the staff person to contact at the Plymouth Housing and
Redevelopment Authority, 3400 Plymouth Boulevard, Plymouth, MN
55447 or call 550-5056.
7. ELIGIBILITY REQUIREMENTS
To to eligible to participate in the plan, the family must meet the
following requirements at the time of registration, pre -
application for a mortgage approval and at closing.
Must qualify as a family.
Must register for the plan..
Must be a first-time homebuyer.
Must not have gross assets exceeding $25,000.
Must not have a gross annual income which exceeds the maximum
listed below based on family size:
HOUSEHOLD SIZE
1 person
2 persons
3 persons
4 persons
5 persons
6 persons
7 persons
8 persons or more
h.
MAXIMUM ANNU-% ::)MC
26,600
30,400
34,200
38,000
41,050
44,100
47,100
50,150
Must have the downpayment or share of the downpayment, if one
is required.
Must meet the requirements of the lending institution.
Must meet the requirements as specified elsewhere in this
plan.
7
8. REGISTRATION AND APPLICATION
To be eligible for selection and participation the family must
register for the plan and meet the eligibility requirements.
Registration for the 1992 plan is March 17 through March 27, 1992.
If by March 27 less than 100 families have registered, registration
will remain open until 100 families have registered or until April
10, .1992. To register, telephone Milt Dale, Housing specialist,
Plymouth Housing and Redevelopment Authority (HRA), 550-5056 or
register in person at the Plymouth Housing Authority, 3400 Plymouth
Boulevard, Plymouth, MN 55426.
At the time of registration, families must provide the HRA with the
following information and meet the eligibility requirements.
a. Name of family
b. Address and telephone number
C. Number of adults in family
d. Number of children in family
e. Annual income
f. Assets
g. Employer's name (Company Name)
h. Address of employer
If upon evaluation of the information collected at the time of
registration, the family appears to be apparently eligible to
participate, an application form will be sent to the family. The
family must complete and return the application by April 4, 1992 or
the date specified by the City/HRA on the application.
W
9. PREFERENCE
In selecting families for participation in the plan, the City/HRA
will give preference to families who have lived in Plymouth a
minimum of 30 days prior to making application or when the time of
application at least one family member is employed in the City of
Plymouth.
10. WAITING LIST
The waiting list for the 1992 plan shall consist of all those who
registered during the registration period and who have completed
and returned to the City/HRA the application and who are determined
by the City/HRA to be eligible.
8
11. SELECTION
Selection of families for participation shall be accomplished in
the following manner:
The families on the waiting list will be divided into two groups
based on those applicants have a preference and those who do not
have a preference.
Applicants Having a Preference
Families shall be randomly selected (using a code/number system to
protect privacy) by the City/HRA at a public meeting with the
applicants invited to attend. The first draw shall be designated
P-1, the second draw shall be designated P-2 and so on until all
names in the preference group have been selected. The first 20
selected (P-1 through P-20) shall be issued a Certificate for
Participation in Plymouth's First -Time Homeownership Plan. The
second 20 selected (P-21 through P-40) shall be given standby
classification and will be issued a Certificate only after:
a. one of the first 30 families selected fails to meet the
established schedule for participation;
b. if funding and the projected balance for the 1992 plan
would allow selection of the family for participation.
The Certificate shall be issued to the standby family with the
highest remaining number between P-21 and P-40, P-21 being the
highest standby number and P-40 being the lowest. If all standby
numbers in the preference group P-21 through P-40 are used up, then
additional standbys shall be selected from the preference group and
numbered in sequence starting with P-41.
Applicants Who Do Not Have a Preference
If there is an insufficient number of eligible applicants in the
preference group or if all the applicants in the preference gro,ip
have been issued a Certificate and allocated funds are still
available, then families who do not have a preference will be
randomly selected (using a code/number system to protect privacy)
by the City/HRA at a public meeting with the remaining applics..ts
invited to attend. The first draw shall be designated NP -1, t-:
second draw shall be designated NP -2 and so on until all applicanr t
who do not have a preference are selected. Certificates will the.i
be issued in sequence as allowed by funding starting with the
highest number, with NP -1 being the highest number in this group.
Selection Tentative -Conditioned
Families selected for participation and issued a Certificate mus::
fulfill the obligation in the time frame specified and must remain
eligible to participate based on the plan requirements and those of
the lender. In addition, triose selected at the later stages of the
1992 plan may have contingencies or special conditions or
limitations placed on their participation or the amount of
financial assistance by the City/HRA to insure all funds are
utilized and yet not exceeded.
Certificate Becomes Null and Void
The family's Certificate terminates and becomes null and void when
any of the following occurs:
a. The family notifies the City/HRA in writing that it no longer
wants to use the Certificate.
b. The family is determined by the City/HRA to be ineligible for
participation.
C. The family has been found to have provided the City/HRA or
leneer with false or misleading information affecting
eligibility or preference.
d. The family has failed to obtain pre -approval for a mortgage by
the date specified on the Certificate.
e. The family has failed to properly complete and return to the
lender an application for a mortgage by the date specified on
the Certificate.
f. The family has failed to close on the purchase of the home on
or before the date specified on the Certificate.
g. The family has failed to attend the City/HRA orientation
workshop.
10
12. ORIENTATION
Following the selection and issuance of Certificates, an
orientation workshop will be held by the City/HRA and or its
consultant to:
a. Review the plan requirements and steps.
b. Review the material contained in the prospective homebuyer's
package.
C. Provide the prospective homebuyer with general information
about how to effectively use the plan arci to watch a video on
purchasing a home.
All families selected and issued a Certificate must attend the
orientation workshop.
13. FINANCIAL ASSISTANCE
The City/HRA provides financial assistance to the homebuyers to
more readily secure a first mortgage by use of the assistance to
reduce the mortgage principal amount or downpayment, if allowed, of
a single family house offered for sale and to be purchased by the"
buyer. Financial assistance will be provided based on Table 10
Schedule of Financial Assistance. Financial assistance will co -
provided at the time of closing on the property with the following
conditions:
a. Selected participants/eligible families must meet the
requirements of this plan and be found eligible for the
financial assistance at the time of closing on the property.
b. The financial assistance provided under this plan must in its
entirety be used to reduce the principal on the purchase of
the house by the amount of the financial assistance or to
reduce the downpayment.
C. The house to be purchased and the purchase pricy must be
accepted by the City as meeting the intent and requirements of
this plan.
d. The financial assistance provided by the City is in the form
of a deferred payment loan to reduce the first mortgage
principal amount or downpayment.
e. The homebuyers must enter into a second mortgage agreement and
execute a note with the City/HRA providing for repayment and
forgiveness of indebtedness contained in the deferred payment
loan.
11
Repayment - Repayment of the deferred payment loan shall occur
upon the earliest of:
1) Sale, transfer or conveyance of the property.
2) The property ceases for any reason to be the
homebuyer's principal place of residence.
3) Default of the mortgage or second mortgage.
Forgiveness of Indebtedness - Indebtedness of the principal
shall be forgiven at a rate of 10% of the original principal
amount per year commencing in the eleventh year of the second
mortgage.
f. Equity - if the property is sold within the first ten years,
or if the repayment of the second mortgage is required based
on the provisions in 13(e) above, the first-time homebuyers
will be required to return a percentage of the appreciated
value, if any, to the City/HRA. The equity payment shall be
made to the City/HRA as described below:
o The equity payment shall be the prorate portion of
the City/HRH's financial investment in the
property.
o. The City/HRA portion shall be the same percentage
as the City/HRA's financial assistance was to the
first-time homebuyer's purchase price. The formula
is Equity Percent = Purchase Price.
City/HRA Financial Assistance
Example: If the purchase price was $90,000 and the
financial assistance was $9,000, the equity percent
equals lot.
o The equity payment shall equal the difference
between the sale price or fair market price,
whichever is greater, minus the first-time
homebuyer's purchase price, after deducting the
City/HRA's financial assistance. The formula is
Equity Payment = First-time Homebuyer's Sale Price
or fair market value) minus Homebuyer's Purchase
Price after deducting the financial assistance x
the Equity Percent. Example: If the first-time
homebuyer's sale price is $100,000 and the first-
time homebuyer's purchase price after deducting the
City/HRA financial assistance is $81,000, the
difference, which is $1.9,000, x 10$ = $1,900.
Thus, the equity payment to the City/HRA in this
example is $1,900.
12
o For purposes of these calculations, the first-time
homebuyera sale price shall be reduced for any
iinn value .resulting fram expansion of the
structure and by conversion of non -living space to
living space by the first-time homebuyer, the value
of which shall not exceed actual construction cost
documented by the first-time homebuyer providing
the City/HRA with copies of appropriate invoices.
g. The term of the second mortgage shall be identical to the
first mortgage.
TABLE 1
Household Size: 1
Maximum Income @ 80%: $26,600
MAXIMUM
NOT LESS THAN NOT GREATER THAN ASSISTANCE,
25,846 26,000 3,000
25,092 25,846 4,000
24,338 25,092 5.,000
23,585 24,338 6,000
22,831 23,585 7,000
22,077 22,831 8,000
21,323 22,077 9,000
20,569 21,323 10,000
19,815 20,569 11,000
19,062 19,815 12,000
18,308 19,062 13,000
17,554 18,308 14,000
less than 17,554
2.2,862
15,000
Household Size.: 2
Maximum Income @ 80%: $30,400
MAXIMUM
P-Ot LESS THAN NOT GREATER XHAN ASSISTANCE
29,646 30,400 3,000
28,892 29,646 4,000
28,138 28,892 5,000
27,385 28,138 6,000
26,631 27,385 7,000
25,877 26,631 8,000
25,123 25,877 9,000
24,369 25,123 10,000
23,615 24,369 11,000
22.,862 23,615 12,000
22,108 2.2,862 13,000
21,354 22,108 14,000
less than 21,354 15,000
13
Household Size: 3
Maximum Income @ 80%s $34,200
ESS THAN
33,446
32,692
31,938
31,185
30,431
29,677
28,923
28,169
27,415
26,662
25,908
25,154
less than 25,154
OT GREATER
Household Size: 4
Maximum Income @ 8o%: $38,000
NOT LESS THAN
37,246
36,492
35,738
34,985
34,231
33,477
32,723
31,969
31,215
30,462
29,708
28,954
less than 28,954
34,200
33,446
32,692
31,938
31,185
30,431
29,677
28,923
28,169
27,415
26,662
2.5,908
NOT _GREATER THAN
38,000
37,246
36,492
35,738
34,985
34,231
33,477
32,723
31,969
31,215
30,462
29,708
14
MAXIMUM
ASSISTAVCE
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
MAXIMUM
ASSISTANCE
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
Household Size: 5
Maximum Income @ 80$: $41,050
MAXIMUM
NOT LESS THAN NOT GREATER THAN ASSISTANCE
40,296 41,050 3,000
39,542 40,296 4,000
38,788 39.,542 5,000
38,035 38,788 6,000
37,281 38,035 7,000
36,527 37,281 8,000
35,773 36,527 9,000
35,019 35,773 10,000
34,265 35,019 11,000
33,512 34,265 12,000
32,758 33,512 13,000
32,004 32,758 14,000
less than 32,004 15,000
Household Size: 6
Maximum Income @ 80$: $4.4,100
MAXIMUM
NOT LESS THAN NOT GREATER THAN ASSISTANCE
43,346 44,100 3,000
42,592 43,346 4,000
41,838 42,592 5,000
41,085 41,838 6,000
40,331 41,085 7,000
39,577 40,331 8,000
38,823 39,577 9,000
38,069 38,823 10,000
37,315 38,069 11,000
36,562 37,315 12,000
35,808 36,562 13,000
35,054 35,808 14,000
less than 35,054 15,000
15
Household Size: 7
Maximum Income @ 808: $47,100
NOT LESS THAN
46,346
45,.592
44,838
44,085
43,331
42,577
41,823
41,069
40,315
39,562
38,808
38,054
less than 38,054
1
NOT GREATER THAN
Household Size: 8
Maximum Income @ 808: '$50,150
47,100
46,346
45,592
44,838
44,085
43,331
42,577
41•, 823
41;069
40,315
39,562
38,808
MAXIMUM
ASSISTANCE
3,000
4,000
5,000,
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
16
MAXIMUM
10T LESS THAN NOT GREATER THAN ASSISTANCE
49,396 50,150 3,000
48,642 49,396 4,000
47,888 48,642 5,000
47,135 47,888 6,000
46,.381 47,135 7,000
45,627 46,381 8,000
44,873 45,627 90000
44,119 44,873 10,000
43,365 44,119 11,000
42,612 43,365 12,000
41,658 42,612 13,000
41,104 41,858 14,000
less than 41,104 150000
16
14. ELIGIBLE DWELLINGS
To be eligible the property must meet the following requirements:
a. Be located within the City of Plymouth.
b. Be a single family 4welling or a townhouse unit or 'a
condominium unit.
C. Be a conforming use as defined by the Plymouth zoning
Ordinance.
The City/HRA may require inspection of the dwelling for compliance
with the Plymouth Housing Code (Uniform Housing Code).
15. PROCEDURES
The general procedures and steps in the process are summarized in
this Section. Refer to other Sections for more complete
information.
o Registration by prospective first-time homebuyers.
o Completion and return of application by the applicant.
o Initial eligibility set up by City/HRA.
o Selection for participation in plan.
o Prospective homebuyer certificates issued.
o Prospective homebuyer:
Attends orientation session.
Selects lender from approved list to work with.
Applies for pre -approval with lender.
Searches the market for a home in Plymouth with or
without help of a real estate agent.
o Prospective homebuyer obtains pre -mortgage approval from
lender.
o Prospective homebuyer selects house within ability to
finance and enters into a "subject to" purchase agreement.
o Prospective homebuyer contacts lender with the purchase
agreement and lender authorizes appraisal.
o Appraisal obtained.
o Lender approves purchase and reconfirms prospective buyer's
eligibility.
o City/HRA review appraisal, purchase agreement, eligibility
verification of lender for consistency with the plan goals
and requirements.
o C:osing documents prepared and executed and City/HRA
provides financial assistance to reduce the principal
amount or downpayment consistent with the plan
requirements.
17
16. LEN!!I!RS
The following lenders and their representatives have attended the
workshop and participated in the development.of this plan. These
lenders have expressed an interest in participating in the 1992
plan. First-time buyers must contact one of the following lenders
and make arrangements for obtaining pre -qualification or pre -
indication of approval and for making an application for pre -
approval of a mortgage. No other lenders will be allowed to
participate in this 1992 plan unless approved in writing by the
City/HRA prior to the time the first-time buyer commences the
application for pre -approval of a mortgage.
LENDERS
FBS Mortgage
505 N. Hwy. 169
Plymouth, MN 55441
First National Bank of Wayzata
1053 W. Wayzata Blvd
Wayzata, MN 55391
Norwest Bank
1011 South 1st Street
Suite 102
Hopkins, MN 55343
17.
The lender must:
OF THE LENDER
CONTACT PERSON
Larry Kowalczyk
544-2566
Cathy Thisius
476-5212
Jill Monson
939-9066
1. Verify the prospective homebuyer's income and assets to
dLtermine that the famil. meets the requirements of this
plan and submit a copy of the verification to the City/HRA.
2. Compute the mortgage, downpayment, mortgage payments and
closing costs of Conventional, ARM, Fannie Mae, FHA and
where appropriate, VA mortgages to determine the most cost-
effective and appropriate form of financing for the first-
time homebuyer to use..
3. Provide the City/HRA verification materials.
4. Process a mortgage consistent with the plan.
is
18. RESPONSIBILITIES OF THE FIRST-TIME HOMEBUYER
The responsibilities of the prospective homebuyers are to:
a. Register for the plan.
b. Complete, sign and return the application with the time frame
specified.
C. Complete, sign and return the release of information form
within the time frame.
d. Select a lender approved by the City/HRA for participation in
the plan.
e. Provide the City/HRA and lenders and others with accurate
information needed to qualify for the plan and to obtain a
mortgage.
f. Complete the pre -mortgage and. mortgage forms and obtain
approval within the time frame established.
g: Select a real estate agent, if one is desired.
h. Select a dwelling in Plymouth for purchase.
i. Provide information throughout the process as might be
required by the lender or City/HRA.
J. Execute a purchase agreement within the time frame specified.
k. Execute the mortgage agreement within the time frame
specified.
1. Execute the second mortgage agreement and note with the
City/HRA.
m. Close on the property within the time frame specified.
n. Execute other required forms within the time frame specified
or required.
o. Take occupancyof the dwelling within 30 days and continue to
occupy the dwelling as your principal place of residence and
homestead the property.
P. Make principal, interest and insurance payments as specified
or required.
q. Reimburse the City/HRA in accordance with the second mortgage
and note.
19
19. RESPONSIBILITIES OF CITY/HRA
Theresponsibilities of the City/HRA for the 1992 plan are to:
a. Establish plan requirements and administer the plan.
b. Register the families in accordance with this plan.
C. Send eligible registrants the application form and the releaseofinformationform.
d. Review the application and other material for eligibility.
e. Establish the pool of eligible participants and make
selections for participation in accordance with the selection
and preference provisions.
f. Notify the families selected and issue a Certificate.
g.. Notify families not selected.
h. Conduct one or more orientation session(s) as determined to be
necessary by the City/HRA for the prospective buyers and
provide information and forms related to the plan.
i. Provide liaison services involving the prospective buyer,
lender and any real estate agent that might be involved in thetransaction.
7. Prepare and execute the second mortgage and note.
k. Provide financial assistance to be applied to the principal
amount or downpayment on the purchase of the eligible propertybytheCertificateholder.
1. Administer the second mortgage.
m. Modify or terminate the plan as may be appropriate orrequired.
20
20. MODIFICATION - TERMINATION
The City/HRA may modify or terminate the plan as it deems
appropriate or as required by HUD. Once the City/HRA has providedfinancialassistanceandthemortgageexecuted, financial
assistance shall not be rescinded except as provided for in the
executed second mortgage and note.
20. APPENDIX - FORMS
The following forms are included for reference.
o Application
o Release of Information
o Certificate for Participation in Plymouth's First-timeHomebuyersPlan
o Pre -application for a Mortgage
o Application for a Mortgage
o Purchase Agreement
o Sample Mortgage
o Second Mortgage Agreement and Note
o Real Estate Transfer Disclosure Statement
o Financing Addendum FHA Insured Mortgage
21
0
PLYMOUTH TO INITIATE
FIRST-TIME HOMEBUYERS PROGRAM
DESCRIPTION
Registration for the program to assist low and moderate income families who
are first-time homebuyers in Plymouth will open on March 17, 1992. The
program is designed to provide financial assistance that may be used to pay upto50% of the downpayment, pay closing costs, and/or reduce the mortgage
principal amount. This financial assistance will range from $3,000 to
15,000. The amount of City assistance depends on the family's income and
family size.
ELIGIBILITY
o Be Registered for participation
o Gross assets must not exceed $25,000
o Must be first-time homebuyer, i.e. or not owned a house in last 3 years
o The house being purchased must be located in Plymouth
o Must qualify for a mortgage by a participating lender
o Must have an annual income not to exceed the following:
HOUSEHOLD SIZE MAXIMUM ANNUAL INCOME
1 person
2 person $30,400
3 person $34.200
4 person $38,000
5 person $41,050
6 person $44,100
7 person $47,100
8 person $50,150
REGISTRATION
Prospective first-time homebuyers who meet the eligibility requirements and
who are interested in purchasing an existing home in Plymouth during the next
three months can register between March 17 and March 27 by calling the City at550-5054 or by coming to Plymouth City Hall at 3400 Plymouth Boulevard,
Plymouth, Minnesota 55447. All registrants will be provided with an
application. This application is to be returned by 4:30 p.m. on Monday. April6. 1992.
SELECTION AND PARTICIPATION
Prospective first-time homebuyers will be selected in a drawing conducted bytheCityfromapoolofeligibleregistrants. Preference will be given to
those who work or live in Plymouth 30 days or longer prior to March 17, 1992.
Funding will allow financial assistance for a limited number of families.
First-time buyers selected to participate are responsible for finding anappropriatehouseforsale, selecting a lending institution familiar with the
program and making the arrangements for the mortgage.
conv:hra/fthb)
S.
MEMO
CITY OF PLYMOUTH
340O.PLYMOUTH EOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: March 12, 1992 For Housing and Redevelopment Authority Meeting of
March 19, 1992
TO: Charles E. Dillerud, Executive Director
M PcFROM: Milt Dale, Housing Specialit•. %r'j
SUBJECT:. SECTION 8 WAITINC. LIST - NEED TO CONSIDER TAKING NEN APPLICATIONS
ACTION REQUESTED: Staff seeks direction from HRA as to when Section 8
waiting list should be open to take new applications.
BACKGROUND:
Section 8 applications were last taken in June, 1990. At that time over 80
applications were made. Normally there are about 25 certificates turned
over each year. At this time there are four applicants on the one, 17 on
the two, and one on the three bedroom waiting lists. While it is difficult
to exactly determine when the waiting list will no longer have. any
applicants, my best estimate would be this could be sometime in the summer
or early fall of this year. This would be especially true in the two
bedroom category where the turnover of certificates is more frequent and
where we have most of our certificates.
PRIMARY ISSUES AND ANALYSIS:
On our current two bedroom waiting list, most of the remaining applicants
lack a federal or local Preference. Yet, these applicants have waited
nearly two years to obtain rental assistance. The question is, should we
withhold taking applications for a time so they may receive consideration
when a certificate become a—:ilable?
An issue relates to how l;;ia we should open up the list. In the case of
smaller communities such a -.-Plymouth, a day or two may be adequate time.
However, such a short period, may prove a disadvantage to persons who are not
in town at the time or are unable to make it to Plymouth City Hall on one
specific day.
It would not be necessary to take applications for this year for three
bedroom certificates as the HRA has an allocation of only three and the
turnover is very infrequent. •1 believe it has been over two years since a
three bedroom certificate was last available. We also have several current
two bedroom certificate holders who have three children and would be
eligible for a three bedroom certificate should tine become available.
At a recent portability meeting with other Metro area Housing Authorities, I
did find out that the St. Paul Housing Authority will be taking applications
In early April, while the Minneapolis Housing Authority is intending on
taking applications in June. It is my suggestion, that if we do consider
opening up the waiting list, we do so shortly after the larger housing
authorities have completed taking applications. This might reduce the
anticipated large numbers of people interested in our program. With the
provision that people can transfer certificates anywhere within the State,
people may wish to apply from out -state communities in the hopes of
obtaining Section 8 assistance more quickly. However, with our local
preference requirement, we would serve applicants who live or work in
Plymouth first.
CONCLUSIONS AND RECOMMENDATIONS:
It is my recommendation that we continue to use the names off our current
waiting list and give assistance to those persons who do not have a
preference, but have been on the waiting list for a considerable period of
time. Further, I would recommend that we open our waiting list for only the
one and two bedroom categories in July.
hra/md/sec8.3-19)
MEND
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: March 13, 1992
TO: Housing an opment Authority Commissioners
FROM: Charles E D d, Executive Director
SUBJECT: RESOLUTION FOR SENIOR HOUSING
Attached find a draft resolution reagrding the senior housing project subject,
as directed by the HRA Commission at the previous meeting.
hra/cd/sen)
WHEREAS, the City Council of the City of Plymouth has directed the Housing and
Redevelopment Authority to investigate the concept of subsidized senior
housing; and,
WHEREAS, the Housing and Redevelopment Authority has completed its
investigation including an analysis of market; fiscal analysis; review of
conceptual design; and, two Public Infarmational Meetings to solicit public
comment;
NOW THEREFORE BE IT RESOLVED BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE
CITY OF PLYMOUTH that it finds the concept of construction of up to 100 units
of subsidized senior citizen housing feasible and appropriate at this time,
and that efforts toward construction proceed immediately, subject to the
following additional findings and conditions:
1. That the design, construction, and ownership of a subsidized senior
citizen development on the site at the northeast corner of 37th
Avenue North and Plymouth Boulevard be by the City of Plymouth.
2. That the Plymouth staff be assisted in the design, development and
construction of a senior citizen project by a capable
consultant/advisor that is also capable functioning as the project
manager for at least the first two years of project operations.
3. That the project design for the Plymouth senior citizen facility
include consideration for on location services for the citizens in
addition to housing needs.
4. That the Housing and Redevelopment Authority be authorized and
directed to immediately prepare a Request For Proposal to seek
proposals for the consultant/advisors services to be rendered to the
City of Plymouth, and to, within 60 days, recommend in to the City
Council a firm to be hired for that purpose.
Adopted by the Housing and Redevelopment Authority on March 19, 1992.
res/hra/senior)
1.
MEMO
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MINNESOTA 55447
DATE: March 13, 1992
TO: Housing and Redevelopment Authoril1tyy
fCommissioners
FROM: Milt Dale, Housing Specialistv
SUBJECT: INFORMATIONAL ITEMS
The following items are included for the Commissioners attention:
a. Resignation of Commissioner Palmer. Last month Commissioner Ken Palmer
submitted 111S resignation. He has been on the HRA Commission since
January, 1989. As of this date, the City Council has not appointed a
replacement for him. The City Council did appoint Philip Blott to
replace Commissioner Steve Ludovissie, who's term expired in January,
1992.
b. Section 8 Summar Statistics Report, 3/1/92. We will attempt to
incorporate the latest Sect on 8statistic report with each meeting
agenda. This report will help to keep the Commissioners updated in this
area.
C. section a Financial Report forPeriod 711191 - 1/31/92 Balance Sheet and
erat n to ement . s w t t e Section a Summary tat stics Report,
staff intends to make this report available with meeting agenda reports.
hra/md/info.3-19)
A-
City of Plymouth ruary.23, 1992
Dear Mayor Bergman;
I. am choosing to resign the remainder of my appointed term
on the Plymouth HRA Commission. For me, it has been an honor
to serve the city on a volunteer basis. It is quite evident,
however, that the city has other candidates vho have a vide
knowledge base and expertise in housing industry matters. It•
is my wish, that you fill my seat with someone who will will
help the city fulfill it's vision for the future good of our
city's residents.
Sincerely,
i'I/ i1.i%/ate v
b.
SUMMARY STATISTICS REPORT
DATE: 02/29/!
SELECTION CRITERIA: ALL TENANTS WERE INCLUDED
I. HEAD OF HOUSEHOLD COMPOSITION. (% OF ALL HEADS IS IN PARENTHESES)
A. THERE ARE 123 HEADS OF HOUSEHOLD. MAV BE MORE THAN 1 IN A UNIT.)
THERE ARE 123 HOUSEHOLDS.
B. AGE: UNDER 30 30-39 40-49 50-59 60-6" 70-79 80(+)
NO: 44 51 13 0 3 7 5
PCT: .35.8 41.5 10.6 0.0 2.4 5.7 4.1
AVERAGE AGE: 36.7
C. SEX: MALE: 17 ( 13.8) FEMALE: 106 8G.2:1
D. SINGLE PARENT.HEAD-OF-HOUSEHOLD FAMILIES ASSISTED -
MALE: 1 ( O.$) FEMALE: 91 74.0)
F_. ELDERLY HEAL? -OF -HOUSEHOLD FAMILIES ASSISTED:
OBR 1BR 2BR 3BR 48P 5+13R,
NOs 0 19 11 0 0 0
PCT: 0.0 15.4 8.9 0.0 0.0 0.0
F. NON -ELDERLY HEAD -OF -HOUSEHOLD FAMILIES ASSISTED:
OBR IBR 2BR 3BR 4BR 5+BR
NO: 0 0 83 10 0 0
PCT: 0.0 0.0 67.5 8.1 0.0 0.0
G. RACE/F_THNICITY:
WHITE: 104 ( 84.6)
BLACK: 14 ( 11.4)
AMER IND/ALASKAN NATIVES 3 ( 2.4)
ASIAN/PACIF ISLANDER: 1 ( 0.8)
OTHER: 1 ( 0.8)
HISPANICS 0 ( 0.0) NON -HISPANIC: 123 100.0)
H. MISCELLANEOUSS
62 YRS OR OLDER: 15 ( 1.2.2)
HANDICAPPED: 14 ( 11.4)
DISABLED: 1 ( 0.8)
FULL-TIME STUDENT (18 +): 1 ( 0.8)
NONE OFTHE ABOVE: 93 ( 75.6)
PHA Manager .3.40 * CI.TY OF PLYMOUTH
SUMMARY STATISTICS REPORT (cant): Dates 02/29/92 Page:
II. ALL MEMBERS COMPOSITION: (PCT IS PCT OF ALL MEMBERS)
A. THERE ARE 298 MEMBERS.
B. AGE:
0•-12 13-17 18-29 30-39 40-49 50-59 60-69. 70-79• 80(+)
144 14 53 •57 13 0 3 8 6
48.3 4.7 17.8 19.1 4.4 0.0 1.0 2.7 2.0
AVERAGE AGE: 20.6
C. SEX: ALL - MALE: 105 ( 35.2)
ADULTS - MALE: 28 ( 9.4)
18 +)
O. RACE/ETHNICITY:
FEMALE: 193 ( 64.8)
FEMALE: 112 ( 37.6)
WHITE: 238 ( 79.9)
gL.ACK; 43 ( 14.4)
AMER IND/ALASKAN NATIVE: 11. ( 3.7)
ASIAN/PACIF ISLANDER: 3 ( 1.0)
OTHER: 3( 1.0)
HISPANIC: 0 ( 0.0) NON --HISPANIC: 298 (100.0)
E. MISCELLANEOUS:
62 YRS OR OLDER: '17 ( 5.7)
HANDICAPPED: 14 ( 4.7)
DISABLED: 1 ( 0.3)
FULL-TIME STUDENT (t8 +): 1 ( 0.3)
NONE OF THE ABOVE: 266 ( 89.3)
F. FAMILY.SIZE:
1 2 3 4 5 6 7 8 9 10 11 (+)
N0: 21 50 36 11 5 0 0 0 0 0 0
PCT: 17.1 40.7 29.3 8.9 4.1 0.0 0.0 0.0 0.0 0.0 0.0
AVERAGE FAMILY SIZE: 2.4
G. RELATIONSHIP CODE: (AVG IS AVG PER HOUSEHOLD)
HEAD SPOUSE ADULT DEPEN FOSTER LIVE-IN OTHER
NO: 123 7 10 157 0 1 0
AVG: 1.00 0.06 0.08 1.29 0.00 0.01 0.00
r
PHA Manager 3.4C, X)1136-91 * CITY OF PLYMOUTH
SUMMARY STATISTICS REPORT (cont): Date:, 02/29/92 Pager
III. INCOME/EXPENSES:
A. INCOME BREAKDOWN: (INCOME BEFORE ADJUSTMENTS)
UNDER '2500- 5000- 7500- 10000- 12500= 15000-
2500 4999 7499 9999 12499 14999 17499 17500(+)
N0: 9 7 58. 19 9 12 6 3
PCT. 7.3 5.7 47.2 15.4 7.3 9.8 4.9 2.4
AVERAGE INCOME: $ 7903
AVERAGE INCOME AFTER ADJUSTMENTS: S 6780
B. INCOME SOURCES: (AVG IS AVERAGF_.FOR.THAT ITEM).
PUBLIC WELF
WAGES •ASSIST PENSION ASSETS OTHER RENT
HSLDS WITH: 31 66 25 18 15 O
PERCENT: 25.2 53.7 20.3 14.6 12.2 0.0
AVG AMOUNT: 11099 5823 7331 128 38.72 0
C. INCOME CATEGORIES AT MOVE -IN: INCOME CATEGORIES AT REEXAM:
VERY LOW INCOME: •45 ( 36.6) VERY LCW INCOME: 78' ('63.4)
LOWER INCOME: 0 ( 0.0) LOWER INCOME: 2 ( 1.6)
OVER INCOME: O ( 0.0) OVER -INCOME: . 0 ( 0.0)
EXCEPTIONS: LOWER INC TAMILIES REQUIRING LI EXCEPTIONS: 0
D. RENTS (Averages per Household, except for URP)
TOTAL TENENT PAYMENT: 170.3
TENANT RENT: 146.3
HOUSING ASSISTANCE PAYMENT: 361.3
UTILITY REIMBURSEMENT PAYMENT: 22.0 (Avg for only Hshlds with URP)
SECURITY DEPOSIT: 95.1
E. EXPENSES: (AVG IS AVG PER HOUSEHOLD WITH THAT ITEM)
PHA Manager 3.4.7 0-)$6-91 * CITY OF PLYMOUTH
HANDCP' DEPEN ELDERLY
MEDICL CH CARE OTHER ASSIST DEDUC DEDUC
HSLDS WITH: 15 15 0 O 90 29
PERCENT: 12.2 12.2 0.0 0.0 73.2 23.6
AVG AMOUNT: 1036 2819 0 0 779 400
PHA Manager 3.4.7 0-)$6-91 * CITY OF PLYMOUTH
SUMMARY STATISTICS REPORT (cont): Dates 02/29/92 Page:
IV. UNITS/CERTIFICATES/VOUCHERS (PCT is from units on file except where noted
A. UNIT REPORT: (Calculated only if report includes a single project)
UNITS ON FILE: 0
OBR IBR 2BR 3BR 4BR' 5+BR
1. UNITS IN ACCs 0 0 0 0 0 0
0.0) ( 0.0) ( 0.0) ( 0.0) ( 0.0) ( 0.0)
2. -LEASED: 0 0 0 0 0 0
0.0) ( 0.0) ( 0.0) ( 0.0) ( 0.0) ( 0.0)
3. OUTSTANDING 0 0 0 0 0 r
OR EXTENDED: ( 0.0) ( 0.0) •( 0.0) ( 0.0) ( 0.0) ( 0.0)
4. BALANCE (OVER 0 0 0 0 0 0
UNDER. ACC: ( 0.0) ( 0.0) ( 0.0) ( 0.0) ( 0.0) ( 0.0)
B. PROGRAM UTILIZATION:
SECTION 8 CERT:
SECTION 8 MR:
VOUCHER:
PUBLIC HOUSING
TOTAL:
Includes ALL units.
PERCENTPCTOF
UNITS TOTAL
AVAIL. AVAIL.
5 100.0
O 0.0
0 0.0
0 0.0
5 100.0
Use Rpt #1.3 for more detail.)
NUMBER PERCENT
ISSUED/ LITILI-
LEASED ZATION
120 96.0
0 0.0
3 100.0•
0 0.0
123 96.1
C. GROSS RENT
UNDER 200 200-299 300-399 400-490 599 600-699 700+
N0: 7 0 0 10 90 9 7
PCT. 5.7 0.0 0.0 8.i 73.2 7.3 5.7
AVERAGE GROSS RENT: 531.8
D. CONTRACT RENT
UNDER 200 200-299 300-399 400-499 500-599 6 -In -699 700+
NOs 7 0 0 17 90 4 5
PCT: 5.7 0.0 0.0 13.8 73.2 3.3 4.1
AVERAGE CONTRACT R.ENTs 508.0
E. UTILITY ALLOWANCE
UNDER 25 25-49 50-74 75-99 100-1.24 125-149 150+
NO: 75 45 1 2 0 0 0
PCT: 61.0 36.6 0.8 1.6 0.0 0.0 0.0
AVERAGE UTILITY ALLOWANCE: 23.7
SUMMARY STATISTICS REPORT (cont):
V. LEASING INFORMATION:
TOTAL
A. LEASE -IN-PLACE FAMILIES: 1
Date: 02/29/92 Page:
ELDERLY NON -ELDERLY
1 (100.0) 0 ( 0.0)
B.. CERTIFICATE/VOUCHER SIZE VS ACTUAL UNIT SIZE: ACTUAL SIZE:
C. EXCEPTION RENTS FOR CERTIFICATES:
OBR SBR 2BR 3BR 48R 5+BR
OBR: 0 0 0 0 0 0
CERTIF/ IBR: O 19 0 0 0 0
VOUCHER 2BR: 0 0 94 0 0 0
SIZE: 3BR: 0 0 0 10 O 0
4BR: O 0 0 0 0 0
5+BR: 0 0 0 0 0 0
C. EXCEPTION RENTS FOR CERTIFICATES:
D. COMPARISON OF GROSS RENT TO FMRS:
OBR 1BR 2BR 3BR 4BR 5+BR
10% EXCEPTION AUTHORIZED: 0 0 0 0 0 0
20% EXCEPTION AUTHORIZED: 0 0 0 O 0 0
ANNUAL ADJ. FACTOR APPLIED: 0 0 0 1 0 0
CURRENT GR OVER FMR: 0 0 0 O 0 0
1.-10% OVER FMR: 0 0 0 0 0 0
10-•20% OVER FMR: 0 0 0 0 O 0
MORE THAN 20% OVER FMR: 0 0 0 0 0 0
D. COMPARISON OF GROSS RENT TO FMRS:
E. NUMBER OF ASSISTED FAMILIES WHOSE GROSS RENT EXCEEDS PAYMENT STD:
OBR IBR 2BR 3BR 4BR 5+BR
VOUCHER: 0 1 2 0 0 0
AVERAGE % OVER PS.: 0.0 100.0 100.0 0.0 0.0 0.0
NUMBER OF ASSISTED FAMILIES WHOSE GROSS RENT EXCEEDS PAYMENT STD: 3
F. NUMBER OF ASSISTED FAMILIES WHO, BECAUSE THF_IR GROSS RENT IS LESS
THAN PAYMENT STANDARD, RECEIVE A SAVINGS:
OBR IBR 2BR 3BR, 4BR S+BR
VOUCHER.: 0 0 0 O 0 0
AVERAeS SAVINGS: 0.0 0.0 0.0 0.0 0.0 0.0
NUMBER OF ASSISTED FAMILIES RECEIVING SAVINGS: 0
OBR IBR 2BR 3BR 4BR. 5+BR
CURRENT FMRS (A -t-.): 0 526 612 774 0 0
GR ? 1.1xFMR: 0 0 1 0 0 0
GR. ? FMR ( 1.1xFMR: 0 O 0 0 0 0
GR = FMR: O 8 13 2 0 0
GR 7 .9xFMR ( FMR: 0 4 34 5 0 0
GR.( .9xFMR: O 6 44 3 0 0
TOTAL: 0 18 92 10 0 0
E. NUMBER OF ASSISTED FAMILIES WHOSE GROSS RENT EXCEEDS PAYMENT STD:
OBR IBR 2BR 3BR 4BR 5+BR
VOUCHER: 0 1 2 0 0 0
AVERAGE % OVER PS.: 0.0 100.0 100.0 0.0 0.0 0.0
NUMBER OF ASSISTED FAMILIES WHOSE GROSS RENT EXCEEDS PAYMENT STD: 3
F. NUMBER OF ASSISTED FAMILIES WHO, BECAUSE THF_IR GROSS RENT IS LESS
THAN PAYMENT STANDARD, RECEIVE A SAVINGS:
OBR IBR 2BR 3BR, 4BR S+BR
VOUCHER.: 0 0 0 O 0 0
AVERAeS SAVINGS: 0.0 0.0 0.0 0.0 0.0 0.0
NUMBER OF ASSISTED FAMILIES RECEIVING SAVINGS: 0
SUMMARY S A STICS REPORT (tont):
G. UNIT T*6-
SINGLE FAMILY:
ALL OWNERS
DUPLEX:
GARDEN:
5.30
HIGHRISE:
122
TOWNHOUSE:
H. HOUSING TYPES: LEASEDINDGROUPRESIDENCE: 0CONGREGATE:
0
MOBILE HOME PAD: 0
0SINGLEROOMOCCUP: 0SHAREDHOUSING: 0RENTALREHAB:
PROJ SELF SUFFIC: 0
0OVERISSUED:
FLAGGED: 0
OTHER -
0
0
I. TURNOVER:
AVG, TIMES USED/LEASED:
TCERT0.01
J. CANCELLATIONS OF CERT/VOUCHER: OVERINCOME:
HOUSING NOT LOCATED:
NO LONGER INTERESTED:
OTHER SUBSIDY:
OBLIGATION UNMET:
TERMINATED BEFORE 60 DAYS: OTHER:
K. HAP/LEASE CANCELLATIONS:
OWNER UNCOOPERATIVE:
TENANT UNDESIRABLE:
TENANT DECEASED:
NO LONGER IN JURISDICTION:
NO LONGER INTERESTED:
SUBSTANDARD HOUSING:
NO LONGER ELIGIBLE:
SALE OF PROPERTY:
PHA INITIATED:
OTHER:
L. OWNER DATA:
OWNERS W/CONTRACTS:
FAMILIES UNDER LEASE:
AVG FAMILIES PER OWNER:
WHITE:
BLACK:
AMER IND/ALASKAN NATIVE:
ASIAN/PACIF ISLANDER:
OTHER.
Date: 02/29/92 Page:
2 ( 1.6)
3 ( 2.4)
117 ( 95.1)
0 ( 0.0)
1 ( O..B)
NOT LEASED
0
0
0
0
0
0
0
0
0
0
MOD REH VOUCHER
0.00 0.00
0 C 0.0)
0 ( 0.0)
O f, 0.0)
0 ( 0.0)
0 t. 0.0)
0 ( ().0)
0 ( 0.0)
0 C 0.0)
0 C 0.0)
0 ( 0.0)
0 C 0.0)
0 ( 0.0)
0 C 0.0)
0 ( 0.0)
0 ( 0.0)
0 ( 0.0)
0 ( 0.0)
PUB HOUS
0.01)
THIS REPORT
23 ALL OWNERS
122 23
5.30 122
5.30
0 ( 0.0)
0 ( 0 0.0) 0.0)
0 ( 0.0)
0 0. )
0 ( 0.0)
0 O.
00)
0 ` 0.0)
c) r 0.0)
0.0)
HA Manager 3.40 y. I T•ry rwr. r..
v
I
s
s
TO MANAGEMENT e
PLYMOUTH NRA SECTION 8 EX 9
ACCOUNTANTS COMPILATION REPORT
Y N MON MS - JANUA Y 319 1992 i
THE ACCOMPANYING FINANCIAL STATEMENTS ANO SCHEDULES NAVE BEEN COMPILED dY US
N ACCORDANCE KITH STANDAWD-F ESTABLISHED BY THE AN R CAN IN I U OF CEITIFIED
PUBLIC ACCOUNTANTS.
A COMPILATION IS LIRITED TO PRESENTING• IN THE FORM OF FINANCIAL STATEMENTS•
INFORMATION THAT IS THE REPRESENTATION OF MANAGEMENT. WE HAVE NOT AUDITED OR
REVIEWED THE ACCOMPANYING FINANCIAL STATEMENTS AND SCHEDULES ANO9 ACCORDINGLYs
DO NOT EXPRESS AN OPINION OR ANY OTHER FORM OF FS—SURANCE ON M ..
THESE REPORTS ARE ISSUED ON A REGULATORY BASIS AS PRESCRIBED BY THE DEPARTMENTOFHOUSINGANDUSANDEVELOPMENTANDACCORDINGLYHAVE0EPRTURESFROMGAAP.
VARIOUS FOOTNOTES AND THE STATEMENTS OF RETAINED EARNINGS AND CHANGES IN THEFINANCIALPOSITIONTHATAREREQUIREDBYGENERALLYACCEPTEDACCOUNTINGPRINCIPLES
ARE NOT INCLUDEd IN THIS REV-01tTBECAUSE H ARE—NOARE-NOT REQUIRED VT MU • IF THE
OMITTED FOOTNOTES AND STATEMENTS WERE INCLUDED• THEY MIGHT INFLUENCE THE USER'S
CONCLUSIONS ABOUT THE ORGANIZATIONISAFINANCIAL
ACCORDINESEGLY,
FINANCIAL RESULTS OFF OPERATIONS,
AND CHARGESN PLMAM6&AL FO 0..
NOT DESIGNED FOR THOSE WHO ARE NOT INFORMED ABOUT SUCH MATTERS.
HAWKINS, ASM* BAPTIE 6 COMPANY
CERTIFIED PUBLIC ACCOUNTANTS
I
1
1
I
5080 {.YMOUTH MRA SECTION 8 Ex CO INDICATES CREDIT AMOUNT) PAGE 1
US -40 -VA
DESCRIPTION PERIOD ANT TO DATE ANT BUDGET ANT OYER
UNDER
BALANCE SHEET
p.. ' ASSETS
1111.1 GENERAL FUND CASH 139511.710 939698.17 00 939698.17
1117 PETTY CASH 00 00 00 00
TOTAL CASH 13 511.710 93969801? 00 93o&98.1?
UNT,S,R CEIVABL E
Q;AC000NTS'REC.:MUO 00 3 429.92 000 39429.92_.
1129 ACCOUNTS-REC. OTHER 00 00 000 00
TOTAL ACCOUNTS RECEIVABLE 00 39429.92 00 39029.92
EN •FUND INVESTMENTS 00 00 00 00
EFEIMARRED +CHARGES
1211 PREPAID INSURANCE 00 00 00 00
1290 OTHER DEFERRED CHARG 00 00 00 00
TOTAL DEFERRED CHARGES 00 000 000 00
ALAN09 STRUCTURES 9'• EQUIP.
75.1 OFFICE FURN V EQ. 00 39219.97 00 39219.97
1475.7 AUTOMOTIVE EQUIP. 00 00 00 09
TOTAL LANDS STRUCT S EQ- 00 39219.97 00 39219.97
1 90, UNDISTRIBUTED DEBITS 000 00 00
y OTAL ASSETS 139511.710 1009348.06 00 1009348.06
I
s
3180 PLYMOUTH NRA SECTION 8 EX. (0 INDICATES CREDIT AMOUNT) PAGE 2
DESCRIPTION PERIOD AMT TO DATE AMT BUDGET ANT OVER
UNDER
BALANCE SHEET
TIES :t
fill vc;;;R • u;"Z";u u:4 Yo YY ull uv
2117.1 FEDERAL INC TAX YN 00 00 00 00
2117.2 SOCIAL SECURITY YN 00 00 00 00
INCA -• YH 00 000 00 00
2' 4 .HEALTH' INS •YN. 00 00 00 00
t .T '5%I-'NSURANCE YM,; 000 00 00 00
2117.8 RETIREMENT WH 00 00 000 00
2118 ACCOUNTS PAYABLE HUD 00 00 00 00
2119 OTHER ACCOUNTS PAY. 00 00 00 00
2 '19,:1;cACCT'; PAT -.CITY 00 00.00 00
PAYABLE 00 00 00 00WL.?.'ACCOUNTS
2210 PREPAID ANNUAL 25.965.00R 243.239.000 00 245.239.004:
2290 OTHER DEFERRED CRED. 00 00 00 00
1'6.,•; UNDISTRIBUTED :CREDIT 00 00 00 00
ZTOO INC 6 EXP CLEARING MX716.71 2649279.es49 1869018.15*
SU PLUS
910.UpRESERVEO SURPLUS .00 3x897.884.44 239157.00 3.8749727.44
RES. SURPLUS -OPER RES .00 96.168.940 .00 96.168.94:
827 RES SURPLUS-PROJ ACC .00 168.870.770 000 168.870.77:
2840 CUM. HUD CONTRIB. .00 397329233.640 4339455.000 3.278.778.64:
TOTAL SURPLUS .00 99.388.910 4309298.00* 330.909.09
L
TAL:LIAB.-&-SURPLUS 139511.71 1009348.060 .00 1009349.06
x ;t n.
000 009 000 .00
5080 PLYMOUTH MRA SECTION 8 EX CO INDICATES CREDIT AMOUNT) PAGE 3
aSEVEN
T
tie DESCRIPTION PERIOD------ YEAR TO GATE ---- BUDGET------ CHANGE
PUN AMOUNT PUN AMOUNT PUN AMOUNT
Y OPERATING STATEMENT
E
yS' Y lry-.
TD
E'
VOF+..
ADNIN,.RE01-; 63.19 5.497.41 45.09 219460.59 000 00 27.460.59ETMA
iOYACCfOffSET • 63.19 5.497.4.10 45.09 27.460.590 00 00 27.460.59.^.
v
AOPERATING INCOME
C ERVED SURPLUS 00 00 00 00 Oo 00 00
x 7 :, N.PUNO INVEST 3.82
19115.149
332.690
Deal
3. 35
sta3equJIF•
2.041.880 00 00 2.041.84:
3k;9C OTHER"INCONE 00 00 00 000 00 00 00
9'
OPERATING EXPENSES
rA
b4.
tm
4"sAONIN.; SALARIES. 00 00 27.08 16.492.80 42.07 43.926.00 27.433.20*
t" 0 `LEGAL'` EXPENSE. ' 00 00 ib 99.32 00 00 99.32
R 0149 5TArVTRAZMlNQ vu ioo 000 00 Do 00 ov-
v 4150 TRAVEL 00 00 00 00 00 00 00
4170 ACCOUNTING 1.37 119.25 1.37 834.75 00 00 334.75
4171 --AUDIT. 00 o0 000 000 48 500.00 500.00*
n A=LOgOPPICE RENT 00 00 00 00 00 00 00
4: 0•. SUNDRY. AO"••RN. EXPENSE 00 00 70 425.47 17 180.00 245.47
Z TOTAL ADMINISiRATION 1.37 119.25 29.31 17.852.34 42.73 44.606.00 26.753.66*
GENERAL EXPENSE
4 INSURANCE -. 00 00 00 00 000 00 00
4 0`,TERNINAL•LEAVE__PAY- 00 00 000 00 000 00 00
50 4`ENPL.OYEEE BEN':.CONTR. 4.85 422.000 9.94 6.053.00 000 00 69053.00
4590 OTHER GENERAL EXPEN- 00 000 00 00 000 00 00
4591 AOMIN PORTABILITY 5.24 455.80 67 409.530 0o 00 409.53
TOTAL GENERAL EXPENSE 39 33.80 9.27 5.643.47 00 00 59643.47
m ASSIST. PAYMENTSOIJSING
4.1 5.: NAP=OCCUPIED::UNITS 44.04 48.201.54 448.48 2739124.02 369.44 3859692.00 112.56T.98*
4715.2 HAP -VACANT UNITS 00 00 000 00 00 00 00
4715.3 NAP-DNG/UNPO RENT 00 00 000 000 000 00 00
4715.4 UTILITY ALLOWANCE 00 00 00 00 00 00 00
15.5.NAP-PORTABILITY. 100.55 89748.070 78.95 48. 8 0 000 Soo 489081.07*
AZTOTAL HOUSING ASSIST. PAY453.49
R
99.453.47 369.53 225.042-95 369-44 385969200 1609649.05*
TOTAL OPERATING X EN E 455.25 399606.S2 406.11 248.538.76 412e&6 4300298000 1 1;-7s9.24*
3
4 ;000 PLYMOUTH NRA SECTION 6 EX C3 .INDICATES CREDIT AMOUNT) PAGE •
C ,
4
DESCRIPTION -------PERIOD------ ---YEAR TO DATE ---- -------BUDGET------ CHANGE
PUN AMOUNT PUN AMOUNT PUN AMOUNT
OPERATING STATEMENT
6V Wn&Nff&Yaa nuncwr iY YV
TOTAL SURPLUS ADJUSTMENTS 15.10
00 22.10
o.v •SIGN: FOR .RESERVES
23015T.003
ItTP.ROV FOR' OPER RE.SERV 00
PROY`FOR PROD ACCT 00
TOTAL PROP. FOR RESERVES 00
CAPITAL EXPENDITURES
00REPLACE,; NONEXP•.E UIP 00
RECEIPT NONEXP ;EQUIPi 00
PROPERTT BET S "ADO 00
20 CONTRA POR 7500S 00
TOTAL 00
EARNED
VV .VY '.YV .vv
19321.00 2.17 10321.00 .00 .00 1,321.00
00 .00
00 .00
00 .00
00 .00
00 .00
00 .00
00 .00
00 .00
TOTAL .00 .00 .00
00 00 00 00
00 22.10 23015T.00 23015T.003
00 22.10 23015T.00 230157.00v'
00000000
00 00 00 00
00 00 00 00
00 00 00 00-
00 00 00 00
Go Soo 0 00
00 434.34 4530455.003 4530455.00
0 0
00 434.34 4530455.003 4530455.00
i
i
F