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Home My WebLink AboutHousing & Redevelopment Authority Packet 11-18-2004i l MEETING OF NO 17EMBER 1%.2004 AGENDA PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY THURSDAY, NOVEMBER 18, 2004 - 7:00 p.m. WHERE: Medicine Lake Room City of Plymouth 3400 Plymouth Boulevard Plymouth, MN 55447 CONSENT AGENDA All items listed with an asterisk (*) are considered to be routine by the Housing and Redevelopment Authority and will be enacted by one motion. There will be no separate discussion of these items unless a Commissioner, citizen or petitioner so requests, in which event the item will be removed from the consent agenda and considered in normal sequence on the agenda. 1. CALL TO ORDER - 7:00 P.M. 2. CONSENT AGENDA* A. Approval of the October 21, 2004 HRA Minutes B. Plymouth Towne Square. Accept Monthly Housing Reports. C. IOCP/PRISM Housing Week Donation. 3. NEW BUSINESS A. Quest Project. Authorize payment of water and sewer extension. B. Plymouth Towne Square. Approve 2005 Budget. 4. ADJOURNMENT L ;11 E1 ., i MEMORANDUM To. Anne Huriburt 4411m Barnes From:. Kathy Boesen, Managing director, Plymouth Towne Square Da* November 11,:•21204 RE: PTS Monthly Report.for October 2004 November Newsletter and November Calendar attached September fiiianclal statennent attached J Occupancy/Marketing October Move Outsllns None October Vacant. Un -leased Apartments None October Vacant. Leased Apartments 112 (twa)edroom) is leased to our Part-time Caretakers who will move in December. October Notice to Vacate Apartment 302 (one -bedroom) gave notice to vacate November 12. Administrative Preliminary research and fact gathering was done for the 2005 budgets. Re -Verifications for residents continue on a monthly basis. They are completed according to their move -in anniversary. A great daw-of time was spent ensuring everything was ready for the 1001 Anniversary Party for the residents and guests of Piymcuth Towne Square. Kathy was on vacation the week of October 1901. During that time, both PTSf. offices were carpeted. Plant Operations Our contract painter painted Apartment 112 (two-bedroom). Retrofit Companies was here for three days installing now energy efficient IV" throughout the common areas of the building. This project was recommended by Center for Energy and Environment study nearly a year ago. When the lighting specialist visited PTS, it was determined that there were several other areas to consider above what was originally proposed. The project took on a larger scope and cost. Total installed cost was $15,976.60, but reduced to $11,356.66 after the rebate. McBroom Contracting was here to tear out and install new laminated counter tops by the mailboxes in the front lobby. This needed to be done to match the row decorating colors. Cost for both countertops was $400. The last of the upholstered dining room and party room chairs and benches were delivered just in time for the Anniversary Party. The upholsterer did a beautiful job on all the PTS furniture. W Allstar Construction was here to replace more fascia pieces that had blown off the building. A crone with a basket had to be rented. Cost - $750. * Carpet for second and third floor remains in the insiallation process and should . J be completed to the next few weeks. Resident Services The foot care nurse comes to PTS the first Tuesday of every month. The PTS I& Anniversary Party included a catered, sit-down dinner for over 116 residents. plus staff and guests from Grace Management and the City of Plymouth. Grace Management provided sparkling wine and cider for a toast to 10 wonderful years. The dinner was a free to everyone who attended. Jimmy Martin provided the entertainment with piano music and vocals. The Mayor proclaimed the day to be Plymouth Towne Square day and provided a nice plaque of acknowledgment. It was a lovely night in the newly decorated dining room. Blood pressure check was on the 2r along with the Pancake Breakfast. There was not a Resident Get -Together (dinner) for October because of the Anniversary Dinner. Resident Meeting was held on October 281i. Discussions centered on the use of money from hearts and memorial fund to purchase something (a bench or fountain, etc.) for a memorial to all those who have lived at PTS. Additionally the o Resident Committee (its structure, rules. and future) was debated with no resoddions. The Halloween Party was on October 291°. Jim Shannon one of the residents' favorite piano player and singer entertained the residents. Treats followed. Rnancial We are within overall budget figures iri. revenue and all expense items. 4 PLYMOUTH TOWNE SQUARE 1 BALANCE SHEET SEPTEMBER 30, 2004 ASSETS: CURRENT ASSETS PETTY CASH 500 CHECKING - OPERAT.IONS 93,622 SAVINGS -SECURITY DEPOSIT 36,952 A/R - TENANTS. 7.,068 INTEREST RECEIVABLE 16,980 PREPAID WORKERS COMP 2,826 PREPAID PROPERTY INSURANCE 3,728 PREPAIDS - OTHER 1,010 TOTAL CURRENT ASSETS 162,686 FIXED ASSETS LAND 459,247 LAND IMPROVEMENTS 75,323 BUILDINGS 5,694,947 BUILDING IMPROVEMENTS 67,559 FURNITURE & EQUIP -GENERAL 209,493 FURNITURE & EQUIP-HSKPG 8,696 EQUIPMENT -COMPUTER 7,658 ACCUMULATED DEPRECIATION: A/D FURN & EQUIP -GENERAL 1,.669,007) TOTAL FIXED ASSETS 4,853,916 NON-CURRENT ASSETS INVESTMENTS -WORKING CAPITL 230,494 INVESTMENTS -CAPITAL IM?RV 348,772 INVESTMENTS=NEW DEBT SERV 285,042 DEFERRED CHG-BOND DISCOUNT 49,084 DEFERRED CHS -BOND ISS COST 35,508 DEFERRED CHG-ORIG ISS COST 27,729 ACCUM AMORTZ-ORGANIZ COST 4,185) NON-CURRENT ASSETS 9722,444 TOTAL.ASSETS 5,989,046 PLYMOUTH TOWNE.SQUARE BALANCE SHEET SEPTEMBER 30, 2004 LIABILITIES: CURRENT LIABILITIES ACCOUNTS PAYABLE TRADE 62,344 ACCRUED INTEREST 85,926 401.K WITHHOLDING PAYABLE 134 ACCRUED R;AL ESTATE TAX. 20,208 ACCRUE:(lMISCELLANEOUS 200 ACCRUE6,,SALARIES/WAGES 2,672 TENANT SECURITY DEPOSITS 36,148 TOTAL CURRENT LIABLITIES LONG TERM LIABILITIES BONDS PAYABLE 4,750,000 TOTAL LONG TERM LIABILITIES 4,750,000 TOTAL LIABLITIES EQUITY: CONTRIBUTED CAPITAL 1,000,000 RETAINED EARNINGS 665,539 TOTAL EQUITY o CURRENT YEAR INCOME (LOSS) i' i TOTAL.LIABILITES & EQUITY r 4,957,632 1,665,539 634,125) 5,989,046 0 111M. Irma 6tV20I I Im10r11 an m IE191mt1 EI ImNa 15VEIOt OIE1 OWN EV50E51 Ir1Or 510 Ism SIM Kola am IGI01in= L0Im1 m m5 IIISMLLMM EOE511i I1E51 I r 1008 MI6L Of= mw EVow INIM. now K e010iE 1ir01m0DI10011EOOR10E10EIKnew20, 2001 60110060066 o1um1r6511a1 10111011600 160i666100 rw.ro-Mrt1111o1110611MINKmainr69/1wal i 61111q lwarro rw/111i6 1V,ug i 21,115 42,W m 126 1.5 16251 12.11 0,501 325,500 6,001 1.6 111,1N , IN,o00 p,Msl 16.11 01,012 61,000 12 561,299 SNrso 1,2511 21 ISO 1,993 113 1251 114.31 1,160 Its 1.2 1,120 1,515 I1SS1 10.01 / Its IM 11,296 16,110 su 2.3 m 11251 113.51 2,215 1,111 1,515 6,3n 200 11,1631 11.1 111.0120 3.. 20 122 33,625 3!. 122 15111 11.51 6,910 6.955 11511 1.71 yM, 952 25,935 ...._ 11 .._. 630,:10 661.917 11,2551 1 .31 R91E661 TmI¢ amnc IRaE BnR1rIr Fn M MIR w SIR MOTH ESa/ SIFIFAEI 3/, 2611 1 6 6 1 1 1 1 1 1 6 1 113131911 FEtin 6 1 1 1 6 1 1 1 1 1 1 `" 1 6 1 1 6 1 1 1 1 1 6 1 TE6I-"R I l Igo l l l l l of IErlll mug FNJIO FNI 1 Ann via= FooJirml 1 CiolEEnrtnt1F61a1 O EIN= taf=s i 6N1aI gmin 2.98 061 32 1.1 8,615 21,611 l Niffl m main 1,911 1,967 161 1.21 11,602 17,603 Iwo 13.11 1 ommin skein 151 615 111 12.01 6,121 1,041 1!161 12.91 EAl= awin 1,261 1,200 1111 13.41 10,961 lo,loo IIHI 11.71 aI11YJ1061I1n 156 156 110.0 6/ I,s56 I'm 96.3 l I= Foam nn6 190 290 100 $1.2 2,010 2,610 8 20.3. is TOFIL oEORM [vow 6,121 7'm 221 3.t 1,2.213 63,168 957 1.1 i FROWN 6allltIMT[0b OFFICE IMIE41 [III= 232 110 1121 141.01 1,156 1,110 211 19.7 m CORBU Oi 55 12 21.1 562 IN 1611 113.51 E®I01E1aA111!rt/1E10IP3 391 210 11711 162.91 2,20 2,160 IE61 10.01 No I owiplim 10 10 100.0 60 00 8 33.3 E6FLORE 0!I= 7 7 100.0 63 63 100.0 ULU= 711 us 11 12.6 1,413 5,87 212 5.1 LEK I OTKO WJFESSIMK o0 p 100.0 1,710 Ito 1136; 190.11 MITrtN FEES In 300 100.0 2,010 2,100 3110 11.1 L113' m, twits 0 em Sts 67 11151 1619.21 533 SBS 51 WAIF)®) FEES 1,000 0,600 36,W0 36,000 IQSiaiJOYESp6At 0EL19En 22 22 160.0 11 191 120 62.6 r FYlnln 41A 5 11531 13660.01 111 41 11131 231.11 KBIaII KWIC[$10116E 271 170 11211 110.11 I,S51 2,000 002 22.1 Oiuman mrom 25 A 100.0 m 227 100.0 TSrlt FW Ba1t011mli0I 6,119 7,110 41031 11.11 1,110 72,076 B06 1.7 I TIN I LEnlns FI IDIS I IIRI win 117 fill) WIN. loin I LMIN M 11751 II rLrmin; E011 t1/ eM1/ OM REE DERE/ M17E11E1 w, 2001 161116111111 Min $$foot1it16 618181111111 rEM-ro-001EOLEEEEEEEEEE6CIKM0R1E19M/(OOr..I 1 ACIML RUUD 969/1021091 1 RIu11ESr RSLllln-naux RILIr1E/i61E1 A NOR I'm 621 2,230 100 SS2 15.6 11,..6 15,65/ 969 6.2 RIlET1E/ Bp 716 Ir100 12211 163.31 9/1 $1.9 1300r 3,795' IBOSI 121.21 025 2/,000 1,415 17./ MAL WILIIIU3,261 0,130 021._. 42,31" 1,20.9 2,511 0,150 S,IV 10.1 I2EMIMr Q/1LlESiERMI CLEMIM omits 313 55 200 35 100.0 NS WS 100.0 11151 (50.51 2,220 1,100 1120) 23.31 TOTAL CLEMIM 313 2SS 4444_ t311 122.71 2,220 2,295 1S 3.3 RETAIN 6 MIREM I CMIM[IIOIM 111ILIIM 6 g01= SI ?PLIES We 36 I1S 56 100.0 13101 (211.41 Su 150 114 25.3 MINMIN6 MIREIIgQ 2,215wSr1 11165 33.9 2 231 21,0/1 11 36,.9..0 11211 13.1 EIEMrM OENIII/MIR 700 121 1 .11 2,716 I,1.. 11211 1 .141 OMC.MMl1E/ 1 GENII liKaLI ms 110 EI9EME1 1,443 1,310 1131 15.31 3,311 12,136 161 759 1 .61 71.0 MIT iIpIM1E/ 1,491 100 3,113 t00 10.4 1,7191 133.41 31,072 900 33,105 100 100.0 am KNIP1K min t9iiFR0 410 111 420 10 2.4 3,150 1,1M 2,653 7.1 Ill =JUL 240 121 12321 (91.1) In 1,622 2,160 3511 21.9) Leal CMElm lima wB6t 100.0 I36 13.1 9,352 IN 301 100.0 I...0 9,000 IS511 13.91 IOiK REPAIRS 6 MtR 10,9.. i... 13351 13.11 S 150 97,911 12 026 12.1 RIIT111 I= MR 111111111 1T6TFRm IN THE 11m In an "gin we am= 30, 2001 4 0 11119.0111111 min IIt11111111 100100011001 TEN-l"N111111.111110 auk 011gETE1 I'MINFRI 2 ICTIIIL SMIE0 963/(WNW s IEIAECIOTIWMWIUT10Et OEIIICNIiId 11,000 10.000 In.100 162,000 TRTIG110• IY T79 1112) 110.11 In 2.IM 11,7"1 10.11. ma OAR/6T ul IE,IY 11,211 11121 11.11 tfi,ln IN,166 11,1110 1.61 IEUIIRUE11116111=1 1 VIM 11 LIN OF PIO Ton 2,160. 2.160 19,110 It,/0 111UE1T EPM 11,321 0,321 129,010 121,181 IISII i .11 MWLM INISIME 91 025 1 6 5,593 5,625 32 6 MR TETE9/ISIMS 11,102 11,106 151,102 153,153 11501 1.11 MAL OMAN UPEND 63,191 63,119 m 5 5u,m 501;552 11,011 2.9 ITT OE101T1® Im P,s1 1,216 12 1 63,175 0.50 15,311 30.3 EITn0T1111I ITEMS W6 IBM 01® 700,909 1100,000) OT INM7,551 7,216 312 J 1631,1251 150,56s 1610,811 11351.11 4 0 rtt11111 TOTE s69E6 t ' ' 1E11K ernlEn V . IM TE 11E 1111110 o E71111 70, 2001 JM 910 OM 610 109 - JM at 001 AV ar ON EC 9TO EE1E EOTII E1I1100ie OMIEn 01011 02,111 42,421 41,110 a,062 42,83 41,106 10,603 41,5a 42,Ub 99,501M61EIr100l819,T18 20,010 22,118 19,944 20,136 20,000 22,179 21,59 21,SOs IM,m Er E1I111 119118 61,910 X2,505 64,000 62,006 63,010 63,115 62,061 63,092 61,012 i. - 561 249 AM MMT9 E9EOE5i KNRV Of Or EEII 156 IN Iso 115 305 I!0 150 H0 150 1,420UMEnolI'M 1,910 1,10 1,950 1,105 1,920 1,920 1,935 1,99s 17,296onMMaim3%. 10 313 los 245 25 210 206 175 2,215LOMMM105Jib501,027 000 113 000 010 no 1,162115MLMEpRO1r10Ev2020171IOESriRn11801EfS,B18 3,106 3,100 3,100 3,206 5,100 3,000 3.100 3,830 31,616 TOTE Ono raw KVDKE. 1,051 6.7k 6,68 1,061 6,421 1,208 I,OM 7,425 8,910 61,961 TOTAL O1Vi00IA 69,022 69,243 10,68 69,n3 69,509 11,18 0,142 10,111 10,952 b"'210 r 1L IMtt1 iou IBWE IKW WATO 1i 9M TME MIN Bum EMEB EF I Am so, 2606 6I1 9D W. In M 6M 61a 611 EEO BCi Mo9 1Ee fit piMilo EVENS KIM= EOEBSEBt BAMW WMID 2,181 2,10 3,066 2,%l 3,046 2,%7 046 3,046 2,968 76,993 WBiWB<f MAID 1,90 1,123 I'm 2,023 1,991 9n 2,037 2,031 1,971 17,992 Mp)$QE M WMID 177 021 461 131 170 131 110 469 1s6 1,121 EMRWE MARTIN 219 1,763 1,331 1,30 1,311 1,371 1,306 1,21.1 1,211 10,%1 WINW MiBIN 63 N o1W PUMMEL, MSIS 130 110 639 In 150 IN 223 722 1% 2,00 1011L 1EIEfpMQ EVENS S,RS 6660 1,707 6190 6,991 6,177 7,367 1,033 6,126 62,213 J MTV WINISMATIMI OFFICE WRIES A. EVENS 213 31 112 20 21 360 169 11 232 6,136 uk LIMIhiS M 135 n sl 19 a 57 16 63 362 EMiO LEL% MllnllE11E55 221 331 213 213 213 213 213 213 391 2,266 BUM 6 ptaSL11111W 46 12. 46 ioo= 393 606 629 551 511 501 59 515 11 1,913 IEML I BiRE1 PWMIWl 1,100 2M 160 1,510 WIi7iO3 OED no 310 300 300 300 I 300 no 2,600 11 1, 1EWiS I NES 20 513 33 RUMEME11 OED 1,000 1,000 1,000 1,000 1,000 1,000 6,000 6,006 6,100 36,000 1Di86E709EMIMi BRI9Di A 37 76 iris In ls1 6E31p01i swims EUM 116 203 257 311 16) 0 111 131 271 7,538 70706 1111 WIM1SiMi101 3,302 3,669 6,673 3,799 5,136 5,669 5,636 5,219 6,119 51,270 WEE1111 I LEisIMS, 11W11W 6 AMR 1111116 126 s0 IM iOi6L WIN I C4i106 171 50 175 IN= STATEMENT IN 111E NINEr0 = ENOEI 6 PIOM 30, 2100 c 6N TO m APR NET n 6Ul AIM EP OCT 000 DEC 110 UTILITIES: 9111.1TIES•ELECTRIC 1,609 1,070 1,271 1,391 1,125 1,771 1,939 1,900 1,098 14,246 OTILITIEG-IMTER 6 INDOOR ON 209 353 010 197 631 095 M 653 0,600 UTILITIES -M 5,016 6,103 3,291 2,091 1,776 1,501 w__ 036 93! Ilk 23,025 TOTAL UTILITIES 7,123 0,390 11115 31901 3,69E 31913 3,110 633 3,261 12,311 CLEANINE: ILEMIN WRIES 119 390 155 191 373 513 229 313 2,220 TOTAL mils w_. 119 Sp 455 195 373 313 229 313 2,225 REPAIRS 0 SAINTEMU, CONTRACT LAW 215 60 336 WILO:NS 5 6RMNE4 SMPPLIEB 51 106 I51 268 14 202 AT 11 15 2,230 REPAIRS 0 NINTOW 2,361 I'm 3,310 9,NI 1,232 2,631 MIT 2,41 2,275 31141 EIEIMTOR IE aimaINI 302 302 302 302 302 301 302 302 302 2,716 4K $MIEN 1 REPAIN 22 221 157 522 1,113 3,571 MIT Ito= 2,320 5,009 3,300 6,631 2,201 3,225 3,297 1,991 31,072 Tim REMOVAL 612 SSS 356 351 357 32 350 NO 110 I'm SAID SUMMER 230 230 231 231 230 172 1,622 LAOS CIMS/SNR BERM 655 2,224 110 1,163 1,21E 717 573 000 862 91152 TOTAL I&AI ! 6 NOT" 6,731 6,652 IO,m 11,916 10,172 7,901 9,210 1,023 11,103 851858 ` C Q OL91mm 1001E 5011E 1020E ROME 901THE 018 00110 ow IEPIE n 30, 2001 6M 1D 00 it 061 611 Ml. 606 IEP 013 69 in R0 m71m inim LUT1l611a: 0011OCI67110 11,000 11,000 10,000 11,000 ' 11,000 11,000 11,000 11,000 11,000 162,000 Olm<11E6I101 165 46 45 NS 465 165 45 45 166 1,115 TOTAL BE/EN6mmil 11,165 18,166 11,165 11,165 11,165 11,45 11,465 10,065 11,166 14,16 7A0E8/10IEEIU10S66E4: PA0E63 10 L1010; P60P 1610 2,160 2,160 2,160 2,160 2,160 2,160 2,160 2,160 2,160 19,40 1110E9.E0 IZIE 11,321 11,321 11,321 1/,321 11,501 11,321 11.321 11,321 11,321 129,010 Paan 10 som 622 621 621 621 621 622 622 622 621 5,93 / TOTAL 70080/111/16 17,103 17,102 T-. 17,102 11,102 17,212 17,103 17,103 11,103 11,102 151.103 707- 1100116 EVENTS 60,10 63,300 66,211 0,163 61,111 60,211 61,262 9,777 63,391 561,335 E7 0100116 1001E 1,159 S,43 1,381 2,110 1,165 10,139 1,16 10,34 1,530 65,175 E THMIWI1.11m NA 680! I= 100,000 100,000 ET I mE 8.1" 5,913 1,311 2,116 102,2351 16'm 1,180 10,30 7,551 1631 1291 E I 0 b ZWW..Hoxlwi&y P"WJIFACP W. eftesdap., DOGOMbOF Ith at 6:00 p.m* TMs wE be a CRUM& NhUSP. TlGke%s wM be ----- and do on sale November 29th S 50",v December 15% No VGkoft wffl be sold after these dates. WEEKEND ON: -CALL CARETAKER: November 611 - Pat and Larry November 13' - Mike November 201 - Pat and Larry November 2711 Mike D NovM RMYNDAN LES GEIS LILLIAN SEADO 4 21 MEN SATELLITE MEETING If you have questions about Satellite Television, we are planning a meeting in the dining room on November 9`h at 3:00 p.m. GET TOGETHER CHOW MEIN DINNER. November 10 5:30 p.m. Tickets on sale November 3rd, 4th & 5th THE NOVEMBER RESIDENT MEETING WILL BE WEDNESDAY, NOVEMBER 24TH BECAUSE OF THE THANKSGIVING HOLIDAY. ARE YOU, THANKFUL THIS THANKSGIVING FOR WHAT YOU HAVE? Plymouth Towne Square has gone through a lot of changes this year. We have lost a lot of residents, either they went to care centers or they passed away. This building has gone through a whole new make over from top to bottom. (A Tittle inconvenient at times). Some may not agree with the color or decorating but think how nice and clean, bright and cheerful it Is around here. There are many places who can't say that. Thar P God for our caretakers and managers. Larry has done a great job cleaning out the woods and how Larry and Mike put the hose under ground for the gardeners. Mike does so much for this building, he is worth his weight in gold. This is only the tip of iceberg of all the caretakers and management has done for all of us. If you don't feel Blessed with all you have here think about the fires in California or the hurricanes in Florida. Do you feel blessed? I dol And while you are counting your Blessings, thank the staff again. Thanks Kathy, Mike, Larry and Pat. God Bless you AII. Margaret Pearson PLEASE SAVE POP CAN TABS FOR CANCER PATIENTS. THERE IS A BOTTLE IN THE ACTIVITIES ROOM WERE YOU CAN PUT THEM. NOVEMBER 1 STM THE EPILEPSY FOUNDATION WILL MAKE A PICK UP HERE. IF YOU HAVE ITEMS YOU: WISH TO DONATE PLEASE HAVE THEM BAGGED AND PUT IN THE FRONT ENTRANCE BY 5:00 A.M. TU:ESDAYg NOVEMBER 30T" AT 10:00 A.M. WE WILL BE PUTTING UP THE HOLIDAY DECORATIONS. WE NEED AS MUCH HELP AS WE CANS 50 PLEASE JOIN US AND HELP PTS GET INTO THE HOLIDAY SPIRIT. WE CONTINUE TO COLLECT USED EYE GLASSES. PLEASE DROP YOUR OLD PAIR OFF IN THE OFFICE. THEY ARE EVENTUALLY DONATED TO THE LIONS CLUB AND DISTRIBUTED TO THOSE WHO CANNOT AFFORD THEM. THE PTS HOLIDAY DINNER WILL BE ON DECEMBER '". TICKETS WILL GO ON SALE NOVEMBER 29T", 30T" AND DECEMBER 1 IT. f A DON'T FOP.GET WE HAVE TWO MONTHLY HEALTH MAGAZINES THAT ARE IN THE NOTEBOOK ON THE COFFEE TABLE BY THE MAILBOXES. HAVE YOU NOTICED HOW WONDERFUL OUR PTS LIBRARY LOOKS? THAT'S. ALL DUE TO MARY KAY GORMLEY AND LEONA PETERSON. THANK YOU LADIES:. SPECIAL MUSIC NOVEMBER 20T" AT 1:00 P.M.. CAROLYN WALSTEIN SINGER/ENTERTAINER 1.01) DONATION! THANK YOU1.1.1.1.1. 101 Marian Goodacre has been our dining room decorating volunteer for many years. She has .been in charge of changing the table decorations for the different seasons. Her creativity has shown through in her purchases and the new arrangements she has designed. She has decided it is time to relinquish her duties and retire. We now will need someone to take over Marfan's job. Please contact Kathy if you could help out. VEMRANS' DAY November 11, 2004 Mary Anne Clagerr. CYR& ACC HISTORY On November 11,1918, an armistice (orcease• fire agreement) was signed between England, France, and the United States with Germany to end World War I. The first Armistice Day celebration was held on November 11, 1919, the anniversary of the signing of the armistice. Many celebrations included (and still do) observing two minutes of silence at the same hour that the fighting had stopped: 11 a.m. (on the t I" hour of the 11 m day of the 110 month). On Armistice Day in 1921, a casket of an American soldier that had been brought from an unmarked grave in France was taken in a procession to Arlington National Cemetery where it was placed in a 50 -ton block of Colorado marble inscribed with these words: "Here rests in glory an Amen - can soldier known but to God.' Since then, the remains of an unknown soldier from the World War II and Korean w, War have been added to the Tomb of the Unknowns. Due to advanced means of identification, it wasn't until 1984 that the remains of an unknown solder from the Vietnam War was added. In 1998, his remains were recovered and Identified as Lt. Michael J. Blasste. He was reburied in Jefferson Barracks National Cemetery in St. Louis, MO on July 11. 1998. The Tomb of the Unknowns is guarded 24 hours a day by soldiers from 'The Old Guard; the Army's U.S. 3i0 Infantry.. In the s920s and 1930s. it was a tradition to honor the dodo soldiers from World War I on November t t . In 1938, Armistice Day was proclaimed a legal federal holiday. Be- cause of World War 11 and the Korean War, not as many people celebrated Armistice Day because of its significance with only WorldWar I. In 1954, Congress passed and Presi- dent Eisenhower signed a bill that designated November 11 as Veterans' Day and to include veterans of World War II and the Korean War, as well as future wars. J THA LNMPANG HISTORY In the early 1600s, the people of England were only allowed to practice the religion of King James I. A group of people called Separatists desired to leave England and travel to America in ordeif to have religious freedom. Before leaving England, the Separatist leaders met with Capt. John Smith, who had been to the New World and had made some extensive surreys of the New England area. Capt. Smith was willing to sail with them on the May- flower as an adviser. However, the Pilgrim Fathers did not have the money to pay for his service, so they bought his book which included a detailed map of the New England region. In 1620, the Mayflowerleft Plymouth, England and sailed to America with 102 passengers (32 children) and approxi- mately 20 - 30 sailors. The'masteC of the ship was Chris- topher Jones. The MayRowerwas a wooden ship measur- ing 90 feet long and 25 feet wide. It is believed she was one of the larger merchant vessels of her day. Apparently, there was no livestock aboard the ship, but a few passenger; brought their pets. Passengers packed food, clothing, tools. animals, and many other supplies. During the journey, a tiny baby boy was bom and christened on the Mayflower. He was named Oceanus. The trip lasted 66 days, averaging about 2 miles per hour. On December 11, 1620, the Mayflower landed in a safe harbor at the tip of Cape Cod. The Pilgrims named their settlement Plymouth after their hometown in England. The Pilgrims' first winter in America was deadly, and 46 people died. The second winter was less stressful. Crops were plentiful, shelters were erected, and the Pilgrlmi be- friended the natives. In the fall of 1621, a thanksgiving celebration was held and lasted three days. The Pilgrims invited the Indians to feast with them to show their appreciation for all they had done for them such as teaching them how to hunt and trap, plats crops, fish, and build shelters. During the three days, the Pilgrims and Indians sang, danced, and had contests of skill and strength that involved running, jumping, and wres- • • . tling. Twas the night of Thanksgiving, But 1 just couldn't sleep I tried counting backwards. I tried counting sheep. The leftovers beckoned - The dark meat and white But I fought the temptation With all of my might. Tossing and turning With anticipation The thought of a snack Became infatuation. So, 1 raced to the kitchen, Flung open the door And gazed at the fridge. Full of goodies galore. 1 gobbled up turkey And buttered potatoes, Pickles and carrots, Beans and tomatoes. 1 felt myself swelling So plump and so round, TO all of a sudden, I rose off the ground. I crashed through the ceiling, Floating into the sky With a mouthful of pudding And a handful of pie. But, l managed to yell As I soared past the trees:... Happy eating to all - Pass the cranberries, please. May your stuffing be tasty, May your turkey be plump. May your potatoes 'n gravy Have nary a lump, May your yams be delicious May your pies take the. prize, May your Thanksgiving dinner- Stay innerStayoffofyourthighs. May your Thanksgiving be blessed!! Waistein, Sing®r - Make Your Residents Happo- OLDIES A SHOW TUNES FEEL GOOD 50's & 60's GREAT LOVE BALLADS POPULAR FAVORITES! CAROLYN SINGS TO PRERECORDED MUSIC CD'S THAT SOUND LIKE A FULL ORCHESTRA BEHIND HER. SHE BRINGS HER OWN EQUIPMENT & UNIQUE STYLE! RAVE REVIEWS... Carolyn Waistein ft the best entertainer Excellent show! • They love her. we have. More residents come to see her She has style." Johnny Alfonsob than anyone else. You have got to have Activity Director, Villa Pomerado her at your facility. A great voice!" Jayne Myers -Rupert, Activity Director, Point Loma Convalescent She motivated the residents to sing and &arae with her. Very Residents enjoy bar. She sings well!" good. excellent!" - Becky Rays Catherine McAllister, La Vida Del Mar Assisted Admin, Casa H Cajon involves the group she is singing to and puts a lot of energy foto it. She presents a. well-rounded program. They enjoy the music she chooses." Suzanne Willem Victoria $pedal Care On the top of my list!" Diane Scribner, University Healthcare A STANDING OVATION Sept. 2003 at St. Paul Manor's Assisted living! Great Parties Start Here! Raise Resident's Spirits! Fun, Famflfar Songs to Sing More Affordable than a Band Less Set-up Space Needed Move to Fun Live Music & Relax to Soulful Songs! Carolyn performs at these San Diego, California venues The Arbors of Rancho Penauluftos, Cas: de las Campanas. Can Palmers of Del Mar. Carryon VULM San Diego. Chase Center, Chateau V Jolla Ino, Cloisters of Misslon Hills, Country Mb Care Center, Good Samaritan, Grossnm= Gardens of La Mesa. La Jolla village Towers„ Ea Vida Del Mar, BrlsMon Gardens, Pacific Regent of !a Jolla. Pleasant Care Center. Point !Loma Convalescent, Regency Paris. Rentwon Club by Marriot.. Senaest Village in Poway. Silverado of Encinitas. Victoria Special Care, Vida Bonita, more.. 6,; A-16, 4ANovember2004.• Sun Mon Tue Wed Thu FN Sat L 1 2 VOTING DAY 3 4 5 8:30 am Tai Chi 6 8:30 am Tai Chi 9:00 am Dial -a -Ride 9:30 Resident Coffee 4:00 pm Poker 2:30.pn Upper Room 9:30 am Men's Coffee 8:30 am Tai Chi 10:00 Bible Study 5:00 pm Hand A Foot 7:00 p ra Bingo 11:00 Vutlug bus 10:00 Bible Study 7:00 p.m Bingo 6:00 pm SW Cards PAT A LARRY 5:00 pun Cards ON-CALL 7 8 9 9:00 Diala-Ride 10 11 VETERANS' 12 8:30 am Tai Chi 13 8:30 am Tai Chi 9:30 am Men's Coffee DAY 4:00 pm Poker 9:00 Church Service 3:80 SCHWAN'S 3:00 PAL SATEL 8:30 am Tai Chi 9:30 Resident Coffee 5:00 pm Hand & Foot 2:30 pm Upper Room WTE MTG. 10:00 Bible Study 10:00 Bible Study 6:00 pm 500 Cards 7:00 pm Bingo S:W pm Cards 1:00 MUSIC MIKE ON-CALL 7:00 p,m. Bingo 14 15 16 17 18 19 8:30 am Tai Chi 20. 8:30 am Tai Chi 9:00 am Dialer -Ride 9:30 Resident Coffee 4:00 pm Poker 9:00 Church Service 2:30 pun Upper Room 9:30 am Men's Coffee 8:30 am Tai Chi 10:00 Bible Study 5:00 pm Hand do Foot 7:00 p.m. Bingo 5:00 pm Cards 10:00 Bible Study 7:00 p m. Bingo 6:00 pm 500 Cards PAT do LARRY ON-CALL 21 22 13 24 25 26 8:30 am Tai Chi 27 M/KEON-CALL 8:30 am Tai Chi 9..00 am Dula -Ride 8:30 on Tai Chi THANKSGIVING 4:00 pm Poker 8:30 PANCAKE 9:0 Church Service 3:00 SCHWAN'S 9.30 am Men's Coffee 10:00 Bible Study DAY 5:00 pm Hand A Foot BREAKFAST 2:30 pm Upper Room 5:00 pm Cards 1:00 RESIDENT 6:00 pm SW Cards 9:30 A.M. 7:00 pm Bingo MEETING OFFICE CLOSED OFFICE CLOSED BLOOD PRESS. 28 19 30 9:00 HOLIDAY 8:30 am Tai Citi DECORATING 9:00 Church Service 2:30 pm Upper Room 9:00 am Dialer -Ride 7:00 p.m. Bingo 9:30 am Men's Coffee 5:00 pm Cards L 02C . n Agenda Number: Pumoum SOUSING AND REDEVELOPWNT AUTHORITY ; Agenda Report DATE: November 10, 2004 for the Housing and Redevelopment Authority Meeting of November 18, 2004 TO: ;1; 3, ousing and Redevelopment Authority FROM: Housing Manager, through Anne Hurlbi&, Executive Director SUBJECT: TOCP & PRISM Housing Week Donation BACKGROUND: InterFfith Outreach and Community Partners (IOCP) is a local non-profit organization that serves community residents in various ways including self-sufficiency programs, food and clothing assistance, housing assistance and many others. One of IOCP fundraising initiative was started in 1996 by local businessman Bob Fisher. Mr. Fisher has been sleeping outside in cold weather to highlight the issues facing many in our community. Over the past 9 -years, this fundraising campaign has generated a lot of interest along with a substatttial amount of %nds to assist IOCP provide housing assistance to persons in need. However, the need always is greater than the money available and often individuals and families must wait or be tamed away. Once again, this year the City of Plymouth and the Plymouth HRA are playing a more active role and the Mayor has issued a "Housing Challenge" to our community and neighboring communities to highlight the issues around housing. In this challenge, the Mayor and several Council members will be sleeping outside on Friday, November 19th. This year also marks the second consecutive year that People Responding in Social Ministry (PRISM) is part of this fundraising campaign. Generally, PRISM serves Plymouth residents east of 494 and IOCP serves Plymouth residents to the west of 494. ' In an effort to support the activities of PRISM and IOCP and to help Bob Fisher meet his goal this year of $1,250,000, staff is recommending that the HRA donate $2,000 to be split between IOCP and PRISM. These funds will be used to assist the housing programs of both agencies and present a wonderful opportunity to leverage a lot of private donations. I recommend that the Plymouth Housing and Redevelopment Authority Board of Commissioners approve a donation of $2,000 to be split evenly between [OCP and PRISM to support their housing programs. 3 Agenda Number: PLYMOUTH HOUSING AND o REDEVELOPMEVT`.AUTHORITY a Agendi ReMrt- DATE: November 10, 2004, for Housing and Redevelopment Authority Meeting of November 18, 2004 TO: ousing and Redevelopment Authority BaN, FROM:ousing Manager through Anne Hurlburt, Executive Director SUBJECT: Quest Project - Authorize Payment for Water and Sewer Extension BACKGROUND: At the February 2004 HRA Board meeting, the Board authorized staff to purchase a property fro:y Quest Development to develop between 3 and 4 units of moderately priced housing. The property is located east of South Shore Drive and north of 11te Avenue (10801 South Shore Drive). At that dh z, staffwas in discussions with the Builders Outreach Foundation to coordinate the development efleris. We are still working through the details. We will close on the property on November 22, 2004 and expect to have a planning application ready in the next 2 months. As you may recall, this property came to the attention of the HRA when the current owner Quest Development, was unable to incorporate this parcel into their larger development to the south and where unable to provide moderate priced housing units in that development. Because of the close proximity of the two sites, staff along with representatives from the Builders Outreach Foundation and the City's Engineering Department determined that it would be a cost savings to have the sewer and water extensions for both properties done at the same time. DISCUSSION: The cost associated with the HRA's portion for these improvements is $35,352. The project would have incurred this cost at some point in the development and they potentially could have been higher. Additionally, these costs should be recoupable if the project does not materialize and the HRA sells the property to another developer that does not intend to construct moderate priced housing. RECOMMENDATION: Staff recommends that the Plymouth Housing and Redevelopment Board of Commissioners authorize the payment of $35,352 for the water and sewer extension. J ATTACHMENTS: 1. Schoell & Madson Engineering Invoice r 0/28/2004 M 10:01 FAI QUEST REAL ESTATE INC 1002/003 OwL 27 2007 4r13Pn MP LFSERJET 3980 P.2 Schoell & Madson, Inc. I Erlgimm ing • Surveying a Planning Boll l=Mfv0 • Ercvlrorrrw tel Salvoes www.u+o.m,.aaa+.eom October 27. 2004 W. Jim Waters LGA Investment Group. Inc. 10700 Old County Road 15 Suite 150 Plymouth. MN 55441 Subject The Woods at Medicine Lake Dear Jim: As requested. we have prepared the construction cost estimate for the sanleawy sewer and watennain construction north of the northwest comer of The Woods at Medidne Labs. Attached is a detaBed tabulation of the Dosis based on the bid unit prices and installed quantities. In addRion to the constriction costs.. l estimate the cost for engineering design. construction stoking. oonstruction observation and related services to be 1.8 percent of the construction cost, which results in the Wkrwing total cost Construction Cost $29.959 ; Engineeririg Fees (18%) 5.393 Taal Project Cost $35.352 Please contact me with any questions. very truly yours. SCHOELL & MADSON. INC. Kenneth Adolf KEA1cj enc RIB" i UnknWoPmpaLys 6 oOm d %Wm*F &d OV M GY-n wrSFbL Cl7.dee 105so VNryrm O Wword. Boa 1 • Mirrwapab. MN 55305.1320 Ofts 1802) 3467801 • Fax.Leam 548 63 10/28/2004 THU 10:02 FAX QUEST REAL ESTATE INC Oct 27 2004 4:13PM HP LASERJET 3330 f 003/0031 1 664OWSTM NT P, INC. 1 _I 1 I 1 1 TM WO S A M20ICINE LAKE t I I I I 1 SAN ART SEWER. WATERMAN. 6TORM ORA@WGE I I salosiL a YAOao;. we 1 AND 6TR-IET PAVING, PLYMOUTH. MN 1 1 i I 1DS10 YYTrArA savD. S1irTE 1 I I i 1 1 IGallvi'ONIy IM SA00 P tRS Iqz a1F S[WAYe nA. 1 t• 1 ORIOIMAL ID CCIMMETED R[Y 1 uvn MG Ygr:Tr 1 RY:[ YYIf w.Cr aMlM,47 Y+Cr M+DWT 1 1 a.D,,r7: 1 t PART A - SANITARY OCL - R I 1 I I I I AOS 1 W.301 C:.•.m, C.wl xca1 001 7C..0 womnnoti, twinSaanPvcdcoeliavhv EA6Ic I aC90m m C.COI KCC 7mI er Seem c01YIeftm tD e.0 'vC7 solalr 1 IEA I ma Cwt K oc• 3ml S1::C Ir!e11va1 1 Il. 1 •_ 1;.gal Som. C.W. Lcm1 m 3000 31 N11ae.sp ILa 1 11 m: 001SaOmI a.m, VCm1 IW 1 IIP!• 2.:1x, Gm1 so or 0001 W:aw. a- t". nares. I 0070. 1.00, 1700, 0.00' ml 0 I 10 30' uw: coal W00 W x SUBTOTAL- PART A mkzoz.oc 1 0.06 , 10.00 ARS B-sTATi1WNR S• .. O 1 1 1 I :lI:F 1 I a aC_ 1 S.`{C.m l C.m: 0 001 6. 1.05 •_^ 1.00-1.. 1 291LF 1 1 ... , ICAI SEC_ am c:1 S.aT!m; SSmw, am. QC01 7a1m1Local a.wl coca! if 17CtOCC a' rate wtY. I Scc! C.CTI 0W 0:• Cwl Mae JC c:: MOMm3 at O.M 0001 a e' nm m, lam' Owl rpm V • _ Iews 7-: • 1 if 1 t J i i 3W CC, 17 OCI K C:: W CC- O.W6 a00 ... 10 OCOm C m, C.001lC.l D. Y gens.. z•T "F2F OWr. no. a 1 If I 1730" Ccat a C0 1 AEl. 03O.wl Saga . Moe Owl aw• M m 3900 red,.RVIV= e11D cemvq :a ow SAYD 1 I JI I a.i '' •' A,m 1 0.001 y^. 0 001 Mae P'-0-11 anlnbnie 0pe a9 mILF ' 11 TC 101 Co 1 amI f, w C w1 10.00 SUBTOTAL . PART S 1 1 1 1117]6.00 , 1 1600 " 0.00 I i 1 1 e a PARTIC . STORY 0fl\Fn r? -•.CLS 1 i1 6.00 1: 6IOPE 1 LF 1 19001 m i 00C, ca t 0 w1 0.00 stn DNin M.rt - 1 EA I 1 w Laml Owl w, awl W -CO CAM WAM 10.1007 0-." 0 -' IFJ. I IOe.wl In.CC , O 9. sz.Ca n,..n . U.0 em Owm WWZIP: 11 to Co ow iawl Owl x00 v. Osr 10YRn' I 1^Y ca Sam 7 11 6001 11. gam a,Ae:1Rt11.. 1 LS 001 w 00.00 I awl awl awl law law 6001 ga(' sc.m C.m Gi1p10gMIn1C1 .C' eee-1111 ST•111 I 1 001 C.mI W1 so at) 1110i m Flsatn m.l,bl ro I ILS 2 wl as 1 Owe W W JUUMi • PART C I I 1 sae0 ro'i"- .AVIRs I 1 I 1 1 1 s , 1ww CL"J"d yk Y, ,IY 1 la cat 1:7610 1 ami 410 aC g 1 HsmzTzsaDroA,mYa.nYr.eon C -WW Ulm -11 I Is 1 77(, sEm1 a.m snwl gaol um r• 3a r'1aC ' 1F71FYng1e t',M GT:,ya_ MODOT Os: D;:1Nn0Y5 r..snr. Doone'., 1 171 {ti-? 197 , 6167a001 fa11.l6 , 10.00 1 aw• , HE 3-00-0 . 1 0201, Sam Damn Stan 1 I 1 t 1 7' V Or rsr,aawaua r.,r. mYn. ler am. bo m I coo s0 w awl to m 41'1. tdl 1 I I N zSa7 I b.tum. 66 D ., F., DomeUt 1 N OO mi W m l O C.Q. Soot 1 a Co. W m soar. . I.Hard.prl I 1 T- 611 :s mnae.e Oa001,0 ;Il:f I 1 7 1 10ml 7701 600 WQc 0.00 SOm i•0!7 edv.tD a.Ob r_ I Q.506 p. 1 0.00 cc 3 ago] W-00 CYL NVOSCAR deONCv erbael I ILe 1 101 S0.g1 O OC am soca SN 1 3" a0 0 w { D tb •_ tO (C . 0.00 Wal) 49W, •rr b_M_ Wn5 T 7149. INN -jv_ l IC I 5101 so m l U.M. SO LC I O.m, O w sw[ane tnUlon AC x000 C 001 0w• cc1 w m let, R , IrttlelV on Tn1re m.rgaCb •w arDNn Ire. Dr. sUR OTAL• PUTT D L--. _•LF 1 1 ilia 1 1 1 a 16x1 tau UDI 1M1 6 so 701 11.000m11 Loot0001 10.00 1 w101 C ICml mm. 410,00 CITµPARTS I. Y w -yp-_•_ 41L1 M m J TVtRICYe„r'In'o.rWWv610a3weo000: ML UD, nW.P 1W.Ir m 1 a Agenda Number: Fe1hM0UTH:130US1NGRND. RIDEVEWPP 1T AUTHORIT7( ; Agenda. Repoit DATE: November 9, 2004, for Housing and Redevelopment Authority Meeting of November 18, 2004 TO: Plyymmouth Housing and Redevelopment Authority FROM: Jiff Bam6es, Housing Manager through Anne HUilburt, Executive Director SUBJECT: Plymouth Towne Square 2005 Operating Budget BACKGROUND: Staff has reviewed the budget for Plymouth Towne Square originally submitted by Grace Management, Inc. for the operation. of the property for January 1, 2005 through. December 31, 2005, including a current estimate of actual expenditures for 2004. After discussions with internal staff and Grace Management, the attached operating budget is ready for review and approval by the HRA Board. DISCUSSION: Overall Revenues for the 2005 budget have decreased by S16,640 (2%) from the 2004 budgeted amount. • This is largely due to a decrease in investment income because the HRA Board transferred 5700,000 from the PTS reserve accounts to the General HRA reserve account in 2004. The HRA subsidy portion is projected to decrease by 52,000. After reviewing the 2004 annual apartment rent survey, staff elected not to increase resident rents for 2005. On the expenditure side, we are anticipating an overall increase of 526,144 (70/6) from the 2004 budget. This increase is a result of higher personnel and repair and maintenance expenses. As the facility continues to age, we are experiencing higher operational costs. The HRH's subsidy amount has not changed in relation to the revenues and expenditures because the City's finance department has adjusted the budget to reflect cash flow items such as depreciation, principle payments on the debt service, and amortizations. By changing the accounting method, we will not have an excess of Net Cash Flow at the end of the year. There are no capital expenditures this year, however there is one minor equipment expense of J52,500 for new cushions for the porch chairs that we will take out of the reserve funds. RECOMMENDATION: ; 0') Staff recommends that the Plymouth Housing and Redevelopment Board of Commissioners adopt the attached Plymouth Towne Square 2005 Budget. ATTACHMENTS: 1. PTS 2005 Budget and Narrative J r. QLYMOUTH TOWNE SQUARE RAFT BUDGET 2005 ANNUALIZED Pwmtw Paco top ADJUSTED BUDGET BUDGET D11earwm oufemm 2004 2004 2006 ww as et d 0s TOTALS TOTALS TOTALS to AIA 04 to eudW 04 UNITS OCCUPIED 96 95 95 1% 0% PERCENTAGE OCCUPIED 99% 96% 96% 1% 0% INCOME RESIDENT RENTS 506,005 498,000 504,000 0% 1% HRA SUBSIDY 251,660 262,000 260,000 3% 1% BEAUTY SHOP RENTAL 1,893 2,100 1,800 5% 14% GARAGE RENTAL 23,061 22,320 23,040 0% 3% GUEST ROOM REVENUE 3,033 2,100 2,400 21% 14% LAUNDRY REVENUE 9,549 11,100 9,540 0% 14% INVESTMENT INCOME 32,000 45,600 25,800 19% 43% TOTAL INCOME 827,203 843,220 826,560 0% 2% PERSONNEL EXPENSES: MANAGER SALARIES 35,993 36,000 37,440 4% 4% MAINTENANCE SALARIES 23,989 23,304 28,080 17% 20% HOUSEKEEPING SALARIES 5,495 5,340 5,724 4% 7% EMPLOYEE BENEFITS 14,615 14,400 16,800 15% 17% SEMINARSITRAINING 63 1,800 300 376% 83% OTHER PERSONNEL COSTS 2,773 3,480 2,916 5% 16% TOTAL PERSONNEL EXPENSES 82,928 84,324 91,260 10% 8% PROPERTY ADMINISTRATION: OFFICE SUPPLIES & EXPENSES 1,541 1,320 1,596 4% 17% BANK CHARGES 749 660 240 58% 54% EQUIP REPAIRSIMAINTILEASE 2,475 2,880 2,724 10% 5% DUES & SUBSCRIPTIONS 80 120 120 50% 0% EMPLOYEE MILEAGE 0 84 120 0% 43% LEGAL 8 OTHER PROFESSION 2,053 1,080 1,800 12% 67% TELEPHONE 6,644 7,020 6,840 3% 3% AUDITITAK FEES 3,600 3,600 2,300 36% 36% LICENSES, PERMITS &DUES 533 780 540 1% 31% MANAGEMENT FEES 48,000 48,000 8,000 0% 0% POSTAGE/OVERNIGHT DELIVERY 139 264 144 4% 45% RESIDENT SERVICE EXPENSES 2,077 4,850 3,150 52% 55% MISCELLANEOUS PROP ADMIN 0 300 300 0% 0% TOTAL PROPERTY ADMINISTRATION 68,102 71,618 68,054 0% 5% MARKETING & LEASING: 298 0 600 101% 101% UTILITIES;- TILITIES: UTILITIES-ELECTRICUTILITIES-ELECTRIC 19,561 20,495 19,250 4% 5% UTILITIES -WATER 8 SEWER 6,133 4,995 6,000 2% 20% UTILITIES -GAS 38,025 40,800 42,400 18% 4% F . TOTAL UTILITIES i 61,740 66,290 67,650 10% 2% E CLEANING: CONTRACT LABOR 0 0 0 0% 0% . CLEANING SUPPLIES 3,291 2,400 3,420 4% 43% TOTAL CLEANING 3,291 3,060 3,420 4% 12% REPAIRS & MAINTENANCE: CONTRACT LABOR 447 600 900 101% 50% BUILDING & GROUNDS SUPPLIES 2,681 2,100 2,820 5% 34% ELEVATOR REPAIRS & MAINT 3,621 3,600 3,876 7% 8% REPAIRS & MAINTENANCE 60,244 41,280 68,000 10% 6096 MINOR EQUIP LESS THAN $2,000 0 0 2,500 0% 0% NVAC SUPPLIES & REPAIR 4,761 16,440 6,000 26% 64% PEST CONTROL 0 512 512 0% 0% MISCELLANEOUS B&G EXPENS 0 1,200 1,200 0% 0% UNIT TURNOVER 41,429 44,940 44,400 7% 1% TRASH REMOVAL 5,133 5,040 5,400 5% 7% WATER SOFTENER 4,811 2,880 5,400 12% 88% LAWN CAREISNOW REMOVAL 12,469 12,000 13,200 6% 10% TOTAL REPAIRS & MAINTENANCE 135,597 130,592 152,208 12% 17% TOTAL DEPARTMENTAL EXPENSES 351,957 355,884 383,192 9% 8% NON -DEPARTMENTAL EXPENSES PAYMENT IN LIEU OF PROP TAXES 25,920 25,920 26,352 2% 2% PROPERTY INSURANCE 7,457 7,500 8,604 15% 15% TOTAL NON -DEPARTMENTAL EXPENSES 33,377 33,420 34,956 5% 5% TOTAL OPERATING EXPENSES 385,334 389,304 418,148 9% 7% NET OPERATING INCOME I (LOSS) 441,869 453,916 408,432 4%, 4% OTHER EXPENSES: INTEREST EXPENSE 172,181 171,851 168,941 2% 2% DEPRECIATION 216,000 216,000 216,000 0% 0% AMORTIZATION 5,582 3,288 5,580 0% 70% TOTAL OTHER EXPENSES: I 393,742 453,636 390,521 1% 14% NET INCOME 48,127 280 17,911 43% 8297% CASHFLOW ADJUSTMENTS: REPLACEMENT RESERVE TRANSFERS OUT 62,497) CAPITAL IMPROVEMENTS FUNDED BY REPLACEMENT RESERVE 2,500 DEPRECIATION 218,000 AMORTIZATION 5,580 i PRINCIPAL ON DEBT 170,000) NET CASHFLOW: 9,494 J d` J PLYMOUTH TOWNE SQUARE 2005 Budget Assumptions REVENUE: Resident Rent Revenue is based on the rental rates established in September 2002. It is not recommended to increase the market rates for 2005 due to the current vacancy rate in the local market. The market rate rents will continue at $782 for a one -bedroom and $1001 for a two- bedroom. The gross potential rent is $84,176. We have budgeted an average of 95 rent paying apartments at $443 per apartment (two apartments are occupied rent free by the caretakers and two apartments were unoccupied). FlRA.Subsidv The HRA subsidy portion is calculated to be the amount necessary to cover the shortfall between income and expenses as adjusted for cash flow items. Beauty Shoo Rental will continue at $150 a month. The services of an in-house salon is an amenity that we want to provide to the residents of PTS. As such, we require a provider to keep their rates for services lower than the outside market. In order for an operator to keep their rates low, we must also keep their rental payment low. , Garaae Rental is based on 64 stalls leased at $30 each. This is based on 2004 Y -T -D average. Guest Room Revenue is based on five nights rented per month at $40 a night. We are increasing the nightly rate from $35 to $40 for 2005 Laundry Revenue is based on 2004 year to date average. Transfer Fee Income is zero as it is unlikely there will be any in-house transfers. Miscellaneous Revenue is estimated. Investment Income is estimated based on figure provided by City of Plymouth Finance Department This figure is decreased dramatically over 2004 due to the transfer of 700,000 from the PTS general fund to the HRA general fund. Confidential Page 1 November 10, 2004 OPERATING EXPENSES: Personnel Expenses: Manager Salaries is budgeted for an increase of 4% ($1,440). Maintenance Salaries is budgeted for an increase of $2.00 per hour, which is an increase of 17% of his houry wage. This increase is substantial, but warranted. Our maintenance person was hired in May 2003 and has proven his abilities. He is much more knowledgeable and skilled in plumbing, HVAC, and electrical duties than those who have held this position in the past. Currently, his compensation package includes a two-bedroom apartment equivalent to $12,000 annually (a value of $1,000 a month at market rate) and $23,920 in salary at $11.50 an hour for a total of $35,920. At the proposed increased hourly rate his annual compensation package would be $40,080 (or an increase of 11.58% of the total package). A $40,080 annual wage is equivalent to 19.27 an hour using 2080 hours per year. This rate falls in the range our research of other properties and management companies pay for a maintenance person with this level of skill (the range we were quoted was $17 to $22 per hour). Housekeepina Salaries is budgeted for an increase $0.20 per hour, which is an increase of 4% of the employee's current wage and annualized y -t -d figures. Employee Benefits includes payroll taxes, healthcare, dental, life and worker's compensation insurance. This is calculated using 2004 annualized rates with an increase of 15%. We anticipate an increase in excess of 15% for healthcare and dental insurance rates. Health and dental are provided to full-time employees if they wish to participate. The employee is responsible for paying 20% of the premium for health and is provided dentalfree of charge. Family coverage is available, but is 100% employee maid. Seminars/Training is estimated. The manager has attended several seminars this year that have been free of charge, but we still believe there should be some training budgeted. Other Personnel Costs include. ADP fees, help wanted ads and bi-monthly employee luncheon meetings and are based on annualized 2004 year to date figures with a 5% increase. Property Administration: Office Supplies & Expenses include the Internet access fees, water cooler, and office supplies. The budgeted Fr+iount is based on a 4% increase over that annualized 2004 year to date figures. Confidential Page 2 November 10, 2004 10) id 4 Bank Chames are estimated. PTS will be changing banks as recommended by representatives of the City's finance department to avoid the large service fees assessed by the current bank. Eauipment Repaim/Maintenance/Lease is based on annualized 2004 year to date figures with an 10% increase due to the age of the copier and anticipated increase for service costs. Dues & Subscriptions. are estimated based on 2004 figures. The subscriptions are for a creative ideas newsletter that is used to create the monthly newsletter for the residents and for two health newsletters for the residents. Emolovee Mileage is a reasonable estimate based on property and number of employees. Legal & Other Professional is an estimate based on conducting background checks for new residents (2 per month at $35 each), one hour of computer technical service each month at $801hour. Telephone includes the two cellular phones for the caretakers and the incoming lines for the property and beauty shop along with long distance expenses. The budgeted amount is based on annualized 2004 y -t -d figures with a slight 3% increase. Audit. and Tax are based on 2005 budgets as confirmed by City of Plymouth Finance Department. License. Permit & Dues are based on City of Plymouth assessed fees for 2004 for the dwelling license. Manaaement Fees is based on contract amount. Postage/Ovemiaht Delivery is based on annualized 2004 year to date figures (adjusted to compensate for increased mailing at the end of the year) with a 4% increase. Printing is estimated, but decreased from last year by 15% as stationery was purchased and this supply should last through 2005. Resident Service Expense is based on 2004 figures and adjusted for the busy months of Oct. — Nov. This amount is reduced from 2005, as we will not have as an elaborate anniversary party. Confidential Page 3 November 10, 2004 Marketing and Leasing: The wait list remains open. This marketing expenses remain minimal, but should be shown on a separate line item. This includes the estimated cost to run a newspaper ad twice a year. Utilities: Electric is based on annualized 2004 y -t -d- figures (adjusted to accommodate Oct -Dec as low usage. months.) The electric company does not have a rete increase scheduled. Water and Sewer is based on 2005 changes as provided by the City with sewer increased by 7%. water increased by 4% and surface water increased by 1490.. Gas is based on annualized/adjusted 2004 y -t -d figures with an 18% increase based on estimated increase from the gas company. Cleaning: Contract Labor Zero is budgeted, as none was necessary last year. Supplies — cleaning includes paper towels & toilet paper for common area restrooms, trash bags, air freshener, vacuum repair, disinfectant, and other supplies with an estimated 4% increase in prices/usage. Repairs and Maintenance: Contract Labor contingency for vacation coverage. This shows a large increase over last year because the wages paid during 2004 for vacation coverage appear in the Maintenance salaries line item. They should be reflected in this category in 2005. The line item expense is calculated using $15/hour for 60 hours. We do not anticipate coverage hour for hour of vacation time. Buildino & Grounds Supplies includes keys and locks, cable for the activity room television, common area paint and repairs, and other misc. supplies. 2005 budget is based on annualized 2004 y -t -d figures with a.5% increase. Elevator Repairs and Maintenance includes contract for maintenance with a 7% increase as reported. by the elevator company. Confidential Page 4 November 10, 2004 v, 44 Repairs & Maintenance includes window washing, carpet cleaning of apartments occupied three years, painting of apartments occupied more than seven years, vinyl repair/replacement. pull -coni and fire monitoring system maintenance, plumbing repairs. repairs to the exterior siding, fascia, and roofing and all other misc. repairs and supplies. The 2005 budget is based on annualized and adjusted 2004 y -t -d figures with a 10% increase to cover the additional replacement of vinyl and carpet in occupied units. It is anticipated that more of this will be required as these units are now over ten years old. HVAC Supplies & Repair includes all HVAC supplies, repairs and maintenance conEract with Owens for the boilers, etc. 2005 budget based on annual contract rate from 2004 and a 26% increase cover the estimated cost to dean remaining individual HVAC units in the building. Pest Control is based on a quarterly treatment. This line item was not used yet in 2004, but feel it is necessary to keep a minimal amount in the event we have a problem with pests. Unit Tumover includes carpet cleaning, contract painter, new carpet. paint and plumbing supplies, etc. for apartments that are being re-leased or turned over. 2003 turned 15 units by September. Many apartments still require new carpet and some new vinyl due to the age and condition. We expect this to slow down over the next couple of years when most apartments will have had the carpet and vinyl replaced. J The average cost to tum an apartment year-to-date 2004 is $2,251. For nearly every move -out, we continue to tum two apartments. We are budgeting 19 turns for 2005 at the 2004 which is a 7% increase over the yt -d 2004 figure. Trash Removal is based on annualized 2004 y -til figures with a 5% increase. Water Softener is based on June -August 2004 figures. We changed salt providers and delivery systems. The new system is designed so there is no lifting of the heavy salt bags required. The cost is more, but the risk of another injury is significantly diminished. Lawn Care/Snow Removal is based on annualized 2004 y -t -d figures with a 6% increase. Non -Departmental Expenses Payment in Lieu of Taxes (PILOT) are estimated to be 5% of rental revenue (garage & resident rent). This figure is 2% over 2004 figure due to budgeted revenue increases. Insurance is based on last years rete plus 15% increase as indicated by a City representative J Confidential Pay's: 5 November 10, 2004 CAPITAL EXPENDITURES: 1. Replace cushions on the porch chairs $2,500 The chairs on the front porch are from a. high-end wicker manufacturer. In order to replace the cushions and makethem fit properly we cannot buy something "off the shelf", they must be ordered from the manufacturer and they are very.expensive. J J Confidential Page 6 November 10, 2004