consider motion authorizing payment of public housing ... · 6/12/2018 · one. city council...
TRANSCRIPT
AGENDA
REGULAR MEETING
NEW ULM ECONOMIC DEVELOPMENT AUTHORITY
New Ulm, Minnesota
City Hall Council Chambers
Tuesday, June 12, 2018 — 8: 00 a. m.
1. ROLL CALL.
2. APPROVAL OF MINUTES.
3. EDA DIRECTOR' S ADMINISTRATIVE REPORT.
4. PUBLIC HOUSING PROGRAM.
a. Consider resolution approving the Public Housing Operating Budget.
b. Consider motion authorizing payment of Public Housing Program claims.
5. ECONOMIC DEVELOPMENT AUTHORITY.
a. Consider bids for two lots in Milford Heights Phase One.
6. GARDEN TERRACE APARTMENTS.
a. Discussion on use of Garden Terrace reserve funds.
7. ECONOMIC DEVELOPMENT REPORT.
8. ADJOURNMENT.
City ofNew UlmRequest for Economic Development Authority Action
Meeting Date: June 12, 2018 Agenda Item Number: 2.
Agenda Section: Approval of Minutes Originating Department: EDA Administration
Resolution: N/A Prepared By: Housing Coordinator
Number of Attachments: 1 Presented By: Housing Coordinator
Item: Approval ofMinutes from the Regular EDA Meeting held on May 8, 2018.
EDA Staff Proposed Action:
Motion by , second by , approving the Minutes from the Regular EDA Meeting held on May 8, 2018.
Overview:
N/A
Primary Issues/Alternatives to Consider: N/A
Budgetary/Fiscal Issues: N/A
Attachments:
Draft meeting minutes — May 8, 2018
May 8, 2018
The REGULAR MEETING of the New Ulm Economic Development Authority was called to
order at 8: 00 a.m. May 8, 2018 in the City Council Chambers at City Hall.
Roll was called and the following members were present: Commissioners Braam, Fix, Janni, Schultz and President Schmitz.
Also present were Mayor Beussman, Executive Director Gramentz, Assistant Executive
Director Dalton, Housing Coordinator Bregel and Treasurer Jorgensen.
President Schmitz stated that the next item of business was the election of officer for
Secretary -Treasurer. Commissioner Schultz made a motion to nominate Commissioner Schwartz asthe Secretary -Treasurer until December 31, 2018. Commissioner Fix seconded the motion and all
voted aye.
Commissioner Janni made a motion to approve the minutes of the April 10, 2018 Regular
Meeting. Commissioner Fix seconded and all voted aye.
The Economic Development Coordinator reported on various economic development
activities in the community.
The Housing Coordinator reviewed for the Commissioners highlights of the administrativeactivities during the month ofApril 2018, as follows:
Housing Choice Voucher Program — She reported that the Housing Assistance Paymentsdisbursements from HUD exceeded payments to landlords by $3, 680 for the month. HUD
Administrative Fee disbursements exceeded expenses by $ 1, 290 for the month. Total
vouchers are at 87 as of May 1, 2018. The current waiting list is at 67. Public Housing Program — Net assets in the program are $ 596,974.67 as of April 30, 2018.
Broadway Haus is fully leased with 55 on the waiting list. The Family Units have twovacancies with 29 on the waiting list. The Housing Coordinator gave an update on theOperating Reserve Offset Lawsuit. EDA — Investment pool assets of $684,803 as of April 30, 2018. The revenue increase was
due to the sale of the spec house at 633 Pfaender Drive. Expenses increased due to paymentof the first half of the 2018 assessments for the nine unsold lots in Milford Heights Phase
One. City Council approved the EDA Amended By -Laws on April 17, 2018. Property Rehabilitation Loan Program — Available funds of $261, 860 as of April 30, 2018.
Rental Properties — Cash investment assets of $80,791 as of April 30, 2018.
Garden Terrace Apartments — Garden Terrace has two vacancies. There was one turnover
during the past month and no move -out notices have been received for June. The waitinglist is at 48.
Commissioner Fix made a motion to accept the Administrative Activities Report.
Commissioner Janni seconded the motion and all voted aye.
ECONOMIC DEVELOPMENT AUTHORITY MEETING 139 MAY 8, 2018
The Authority considered a motion authorizing staff to solicit proposals for participation inthe Project Based Voucher program and set a proposal opening date for June 29, 2018. Commissioner Braam offered the motion. The motion was duly seconded by CommissionerSchultz and all voted aye.
The Authority considered a resolution to declare two office desks and four desk chairs assurplus property and authorize disposition pursuant to City Code 2. 75 Subd. 3. Commissioner
Schultz offered the motion. Commissioner Janni seconded and all voted aye.
Commissioner Schultz offered a motion to authorize payment of the following claims for thePublic Housing Program:
CLAIMANT
PUBLIC HOUSING CLAIMS
May 8, 2018
AMOUNT PURPOSE
VOID VOID VOID #8461 - 8464
Former Tenant 300.00 Refund Pet Deposit/ 1318 S German St
Former Tenant 367.09 Refund Sec Dep/ Int/ 1627 S Minnesota St300.00 Refund Pet Deposit/ 1627 S Minnesota St
City ofNew Ulm 8, 204. 19 April 2018 Expenses
Public Utilities Commission 3, 314.94 Utilities/BH (3/ 6/ 18 to 4/3/ 18)
6.35 Utilities (3/ 29/ 18 to 4/ 2/ 18)/ 1318 S German St
48.95 Utilities (3/ 23/ 18 to 4/2/ 18)/ 1625 S Minnesota St
C. Naber & Associates 120.00 April 2018 Accounting ServiceEcowater Systems 82.20 5/ 1/ 18 Softener Salt/Broadway Haus
34.25 5/ 2/ 18 Softener Salt/Family UnitsRiver View Sanitation 117.54 May 2018 Garbage Service/BH
23.40 Garbage Pick Up/ 1625 S Minnesota StAH Hermel 19. 87 Supplies
Abels Electric 446.45 Rebuild Circulating Pump #2/ Broadway HausAuto Value 5. 99 Supplies
Design Home Center 128.27 Bedroom Door/416 17th St S
3,324.23 Flooring/Broadway Haus # 208Full Service Electric 294.07 Service Call/Broadway Haus #205 & # 208
Gag Sheet Metal, Inc 73. 22 Supplies
265. 70 Service Call/615 N German/ 1318 S German
Klassen Mechanical 160.00 Service Call/ 1627 S Minnesota St
Kraus Tree Service 80.00 Snow Removal/ 1318 S German/ 1625 S Minn St
MN Elevator 110. 01 Preventative Maintenance/Broadway Haus
MR Paving & Excavating, Inc. 318. 00 Snow Removal 3/ 6/ 18- 3/ 7/ 18/ Broadway Haus49.00 Snow Removal 3/ 24/ 18/ Broadway Haus
ECONOMIC DEVELOPMENT AUTHORITY MEETING 140 MAY 8, 2018
Menards
New Ulm EDA
New Ulm Glass
Picker Uppers
Public Utilities Commission
Quality Appliance & Television
Renuit Cleaning ServicesRetzlaff s Ace Hardware
111. 00 Snow Removal 3/ 25/ 18/ Broadway Haus481. 19 Supplies ( 8)
23. 22 Tenant Services
6. 50 Supplies
105. 00 Repair Two Window Screens
125. 00 Remove Abandoned Property/ 1625 N Minn St5. 00 May URPBroadway Haus #405
45.00 May URP/ 1320 S German St89.99 Delivery Charge/ 1625 S Minnesota St
150.00 Clean Basement Floor/ 1625 S Minnesota St
35.42 Supplies ( 5)
Runnings $ 122.06 Supplies (2)
South Central Painting $ 1, 810.00 Painting/BH #402/ 1318 S German/ 1625 S Minn21, 303. 10
Commissioner Braam seconded the motion, and all voted aye.
The Authority received notice of amended income limits for the Public Housing and Section8 Housing Choice Voucher Programs. The Department of Housing and Urban Development issuedthe amended income limits which supersede the income limits released on April 14, 2017. The
amended income limits for Brown County were effective April 1, 2018.
The Authority considered a motion authorizing application for Federal Home Loan Bankgrant funds for an owner occupied rehabilitation program. Commissioner Schultz offered themotion. Commissioner Fix seconded and all voted aye.
The meeting thereupon adjourned at 8: 43 A.M.
Michael Schwartz, Secretary
EcONomc DEVELOPMENT AUTHORITY MEETING 141 MAY 8, 2018
City ofNew UlmRequest for Economic Development Authority Action
Meeting Date: June 12, 2018 Agenda Item Number 3.
Agenda Section: EDA Director' s
Administrative Report Originating Department: EDA Administration
Resolution: N/A Prepared By: Housing Coordinator
Number of Attachments: 1 Presented By: Housing Coordinator
Item: From EDA staff regarding Administrative Activities during the month ofMay 2018.
EDA Staff Proposed Action:
Motion by , second by accepting the Economic Development Authority AdministrativeActivities for the month ofMay 2018.
Overview:
Monthly Staff Reports Highlights:
Section 8 ( pp. 1- 5) 12p. 1- 2 Note 87 Vouchers for the month of May. Housing Assistance Payments (HAP) payments to landlordsexceeded disbursements from HUD by $1, 849 for the month. Monthly HUD Administrative Fee ( AF) programexpenses exceeded disbursements by $753 for the month. pp. 3- 4 Note HAP and AF unaudited balances as ofMay 31, 2018. p. 5 Note 87 Vouchers as of June 1St and Waiting List of 66. Staff has submitted an application for additional Set -Aside funding under the Category 2b: Portability. Theapplication deadline is June 29, 2018. We have applied for and received this funding in the past to offset the costof participants who " Port Out" to higher cost areas.
Public Housing (pp. 6- 9) pp. 6- 7 Note monthly and year-to-date program activity. As of May 31 St, program expenditures have exceededrevenues by $20, 767. Note cash assets summary. R. 8 Broadway Haus is fully leased with 55 on the Waiting List. 99 Family Units are fully leased with 30 on the Waiting List. On May 18, 2018, HUD issued a notice stating that on May 8, 2018, the President notified Congress that he isproposing rescissions to prior -year appropriations, including HUD' s 2015-2017 unobligated balances in thePublic Housing Capital Fund. Congress has 45 days to review and act on the proposed rescissions throughlegislation. If after 45 days Congress does not act, the funds become available for HUD to obligate. The
New Ulm EDA currently has closed out the 2015 and 2016 grants and has an unobligated balance of $46,373. 59on the 2017 grant.
HUD notified us of our 2018 Capital Fund Program (CFP) grant award in the amount of $94,026. These funds
are not affected by the President' s proposed rescissions and are available to be utilized for projects.
EDA (p. 10) Note revenues and expenditures status, and cash assets of $675, 919.
Properly Rehabilitation Loan Program (pp. 11- 12) Note available funds of $266,473. 80 as of May
31St.
One limited loan application is pending and two commercial rehab loan applications are pending.
Rental Properties (p. 13) 0 Note revenues and expenditures status and cash assets of $81, 316.
Garden Terrace Apartments (pp. 14- 15) Total Cash $ 11, 103, 778
Total Current Liabilities $ 96, 987
Monthly Income $ 79, 890
Monthly Expenditures $ 54,733
Net Income (Before Depreciation) $ 25, 157
Garden Terrace has 87 units leased with 50 on the Waiting List. Garden Terrace currently has one vacancy. There were no turnovers during the past month and one move -outnotice has been received for July.
Primary Issues/Alternatives to Consider: N/A
Budgetary/Fiscal Issues: N/A
Attachments:
EDA Director' s Administrative Report
SECTION 8 HOUSING CHOICE VOUCHER PROGRAM
May 2018 and Preceding 12 Months
Month
Number of Vouchers
Leased -Up
Housing AssistanceHUD
Disbursements
Payments
EDA
Payments
Administrative Fee
HUD EDA
Disbursements Expenses
May 2018 87 26,470 28,319 4,134 4,887
April 2018 86 28,093 24,413 4,239 2, 949
March 2018 83 27, 158 23, 101 4,239 5, 007
February 2018 84 27,070 23,750 4,362 3,466
January 2018 85 27,070 25,951 4,361 3, 185
December 2017 88 28, 144 27,542 4, 101 2,752
November 2017 86 23,223 26,625 4, 100 3, 241
October 2017 86 13, 881 25,449 4,389 5, 633
September 2017 87 30, 992 26,539 4,389 4,299
August 2017 91 30,992 27,438 4,389 3,443
Julv 2017 94 30,448 27,592 4,387 4,067
June 2017 97 29,928 28,900 4,509 2, 989
May 2017 99 29,928 29,520 4,508 3, 557
Page 1
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SECTION 8 HOUSING CHOICE VOUCHER PROGRAM
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New Ulm Economic Development AuthoritySection 8 Housing Choice Voucher Program
Housing Assistance Payments
Fiscal Year 2017 - 2018
Revenues
Over/(Under)
Month HAP Revenue HAP Expenditures Vouchers Expenditures
Forward 06/ 30/ 17 REAC Filing/Audit 5, 541
07/ 17 30,448 27,592 94 2, 856
08/ 17 30, 992 27,438 91 3, 554
09/ 17 30, 992 26,539 87 4,453
10/ 17 13, 881 25,449 86 11, 568)
11/ 17 23,223 26,625 86 3,402)
12/ 17 28, 144 27,542 88 602
01/ 18 27, 070 25,951 85 1, 119
02/ 18 27, 070 23,750 84 3,320
03/ 18 27, 158 23, 101 83 4,057
04/ 18 28, 093 24,413 86 3,680
05/ 18 26,470 28,319 87 1, 849)
FY CURRENT BALANCE ( Unaudited) $ 13,618
HUD Held Reserves $ 7, 194
Total Reserves $ 20,812
Page 3
New Ulm Economic Development AuthoritySection 8 Housing Choice Voucher Program
Administrative Fees
Fiscal Year 2017 - 2018
Revenues
Over/(Under)
Month AF Revenue AF Expenditures Vouchers Expenditures
Forward 06/ 30/ 17 REAC Filing/Audit 23,904
07/ 17 4, 387 4,067 94 320
08/ 17 4, 389 3,443 91 946
09/ 17 4, 389 4,299 87 90
10/ 17 4, 389 5,633 86 1, 244)
11/ 17 4, 100 3, 241 86 859
12/ 17 4, 101 2, 752 88 602
01/ 18 4, 361 3, 185 85 1, 176
02/ 18 4, 362 3,466 84 896
03/ 18 4,239 5, 007 83 768)
04/ 18 4,239 2,949 86 1, 290
05/ 18 4, 134 4,887 87 753)
FY CURRENT BALANCE (Unaudited) $ 26,998
Page 4
STATUS OF THE SECTION 8 HOUSING CHOICE VOUCHER PROGRAM ( HCV) As of June 1, 2018
Total HCV' s that are available for 1 year ( 124 x 12) 1488
Total HCV' s available from 01/ 01/ 18 - 06/ 30/ 18 ( 124 x 6 mo) 744
Total HCV' s used from 01/ 01/ 18 - 06/ 30/ 18 68. 8% 512
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Total HCV
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CountyHCV
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Total HCV
on Program
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HCV Issued
Not Used
WaitingList
June 2018 124 82 5 87 1 1 0 5 66
May 2018 124 82 5 87 2 1 1 0 7 67
Aril 2018 124 82 4 86 4 1 1 9 73
March 2018 124 79 4 83 1 3 1 5 76
February 2018 124 80 4 84 0 1 0 4 78
January 2018 124 81 4 85 0 3 0 1 75
December 2017 124 83 5 88 2 0 0 2 81
November 2017 124 82 4 86 3 3 1 4 82
October 2017 124 82 4 86 4 5 1 1 77
September 2017 124 83 4 87 1 5 0 3 75
August 2017 124 87 4 91 1 4 1 2 70
July 2017 124 90 4 94 0 2 1 0 1 67
June 2017 1 124 93 1 4 1 97 0 1 2 1 0 1 0 1 62:::]
Total HCV' s that are available for 1 year ( 124 x 12) 1488
Total HCV' s available from 01/ 01/ 18 - 06/ 30/ 18 ( 124 x 6 mo) 744
Total HCV' s used from 01/ 01/ 18 - 06/ 30/ 18 68. 8% 512
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PUBLIC HOUSING PROGRAM
May 2018 and Preceding 12 Months
MONTH
MONTHLY
PROGRAM ACTIVITY
YEAR-TO-DATE
PROGRAM ACTIVITY
Revenues Expenditures Revenues Expenditures
May 2018 25,800 21, 303 302,560 323,327
April 2018 19, 578 45, 215 276,760 302,024
March 2018 18, 313 16, 190 257, 182 256,809
February 2018 18, 093 17, 878 238, 869 240,619
January 2018 31, 654 28,246 220,776 222,741
December 2017 17, 155 34,487 189, 122 194,495
November 2017 81, 567 79, 566 171, 967 160,008
October 2017 19, 800 19, 514 90,400 80,442
September 2017 19, 734 16, 590 70,600 60,928
August 20171 34,496 30, 917 50, 866 44,338
July 2017 16, 370 13, 421 16,370 13, 421
June 2017 51, 435 51, 414 254,771 269,225
May 2017 17, 598 17, 139 203, 336 217,811
Public Housing Program Cash Assets Summary (as of May 31, 2018): Checking Account: $ 601, 471. 24
Page 6
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PUBLIC HOUSING - BROADWAY HAUS
June 1, 2018
40 Total Units: 38 one -bedroom, 2 two-bedroom
New Ulm Economic Development Authority - Public Housing Authority
Date
Total Expected
Leased Lease Date
No. on
Waiting ListJune 2018 40 55
May 2018 40 55
Aril 2018 38 May 1, 2018 61
March 2018 40 53
February 2018 40 46
January 2018 40 40
December 2017 40 38
November 2017 40 43
October 2017 39 48
September 2017 38 October 1, 2017 47
August 2017 39 October 1, 2017 41
July 2017 39 38
June 2017 39 July 1, 2017 33
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PUBLIC HOUSING - FAMILY UNITS
June 1, 2018
10 Total Units: 2 two- bedroom, 6 three-bedroom and 2 four-bedroom
New Ulm Economic Development Authority - Public Housing Authority
Date
Total
Leased
Expected
Lease Date
No. on
Waiting ListJune 2018 10
OJ
30
May 2018 8 June 1, 2018 29
April 2018 9 May 1, 2018 40
March 2018 10 42
February 2018 10 37
January 2018 10 28
December 2017 10 23
November 2017 10 29
October 2017 10 26
September 2017 10 22
August 2017 10 18
July 2017 10 17
June 2017 10 15
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EDA Sheet
NEW ULM ECONOMIC DEVELOPMENT AUTHORITY (EDA)
COMMERCIAL PROPERTY REHABILITATION LOAN PROGRAM
June 12, 2018
Original Current
Loan Programs/Programs Description Program Period # Loans Balance # Loans Balance
Residential Property Rehabilitation Loans July 1984 - April 1985 19 179, 343.41 0 $ 0. 00
Loans made by the New Ulm HRA utilizingCommunity Development Block Grants
Commercial/ Residential Property Rehabilitation Loans Sept 1986 - Sept 1991 13 79,958. 76 0 0. 00
Loans made by the New Ulm HRA utilizingrepayments from original Residential PropertyRehabilitation Loans and private lender funds.
Commercial Property Rehabilitation Loans Oct 1991 - Present 79 1, 468,400. 50 18 285,523.40
Loans made by the New Ulm HRA and EDA utilizingrepayments from previous property rehabilitationloan programs and private lender funds.
Total 111 $ 1, 727,702.67 18 $ 285,523.40
Reconciled Balance as of 05/ 31/ 18
Other Information
A. Current Program Status
Number of Loans 79
Principal value of EDA loan funds 1, 468, 400. 50
Principal value of private lender loan funds 1, 468,400. 50
TOTAL principal value of loans 2, 936, 801. 00
B. Available EDA Funds available for the loan
program as of May 31, 2018 266,473. 80
C. Miscellaneous
Page 11
Jllny18 , Account Account
255-128010 255- 6323- 36225
1, OAW BgCA,NGE mount
Loan Nofe Orrg nal Term Mohthly interest Ba%ahce Prmcrpal s°. BalancexPmts Re resentin" P gAPayment.._:;, Name. Date. ,-.: = Amount fMths)- Rate.:. Ihfeiest
95 George & Karen Cottom 7/7/ 2008 29, 626. 46 120 272.72 2. 0% 1, 565.00 1, 355.21 209. 79 5 1, 363.60 8. 39 ACH
97 Barbara A. Saffert 8/ 15/ 2008 25, 000. 00 120 230.36 2. 0% 1, 783.51 1, 140.93 642.58 5 1, 151. 80 10.87 ACH
98 Don Wendel (Horace Mann) 4/ 29/ 2009 18, 983. 77 120 177. 80 2. 0% 2, 382.52 872. 38 1, 510. 14 5 889.00 16.62 ACH
99 David Berg DBA Ulmer Cafe 7/9/ 2009 12,867.12 120 124. 40 2. 0% 1, 556.89 611. 26 945.63 5 622. 00 10. 74 ACH
100 Stake Properties, LLC 8/ 14/ 2009 25, 000. 00 120 231. 31 2. 0% 4,381. 88 1, 124.41 3, 257.47 5 1, 156. 55 32. 14 ACH
101 Nierengarten & Hippert 8/ 26/ 2009 23, 000. 00 120 212.05 2. 0% 4,095.69 1, 030. 14 3,065.55 5 1, 060.25 30. 11 ACH
102 Tate & Karen Stillwell 10/ 14/2009 5, 000.00 120 46. 10 2. 0% 982.96 223.20 759.76 5 230.50 7.30 ACH
103 Sisters Bridal & Tux, LLP 10/22/ 2009 30, 302. 92 120 281. 15 2. 0% 5,754. 75 1, 363. 18 4,391. 57 5 1, 405.75 42. 57 ACH
107 Strategic Wealth Properties, LLC 1/ 30/2013 25, 000. 00 120 230.37 2. 0% 13,726.94 1, 043. 17 12, 683. 77 5 1, 151. 85 108. 68 ACH
110 Broadway Plaza South, LLC 5/ 21/ 2013 25, 000. 00 120 230.37 2. 0% 14,380.96 1, 037.80 13,343. 16 5 1, 151. 85 114.05 ACH
112 LIKA, LLC 4/ 1/ 2016 25, 000. 00 120 230.36 2. 0% 21, 181. 71 982.04 20, 199.67 5 1, 151. 80 169. 76 ACH
113 Vaharoslee, Inc. 4/ 1/ 2016 25, 000. 00 120 230.36 2. 0% 21, 181. 71 982.04 20, 199.67 5 1, 151. 80 169.76 ACH
114 Skovbroten, Derek 6/ 28/ 2016 10, 000. 00 84 128. 00 2. 0% 8, 090.04 575.82 7,514.22 5 640.00 64. 18 ACH
115 Be Well Center, LLC ( Joan Lindholm) 8/ 29/2016 50, 000. 00 120 460. 71 2. 0% 44,282.54 1, 948. 31 42, 334.23 5 2,303.55 355.24 ACH
117 REGroup, Inc 4/ 21/ 2017 50, 000. 00 120 460.73 2. 0% 47,405. 79 1, 922.84 45,482.95 5 2,303.65 380.81 ACH
118 Bailey Creek Boutique LLC ( Tim & Sandy F 4/ 14/2017 15, 857. 00 120 146. 50 2. 0% 15, 185.63 610.49 14,575. 14 5 732.50 122. 01 ACH
119 Home Grown Properties, LLC 5/ 15/2017 50, 000. 00 120 460.77 2. 0% 47,804.43 1, 919.76 45,884.67 5 2, 303.85 384.09 ACH
120 FN Properties, LLC 12/ 27/ 2017 50, 000. 00 120 460.07 2. 0% 50,000.00 1, 476.57 48, 523.43 4 1, 840.28 363.71 ACH
1, 848, 800. 32 17,601. 02 308,066.29 22, 542.89 285,523.40 36,260. 14 2,402.55
separate excel loan calc wksht Amt from General Ledger 283, 120. 85 Interest recorded at time of receipt
Add back int 2, 402.55
285,523.40
05/ 31/ 18 balance from wksh 285, 523.40
Difference
Page 12
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40, 000
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20, 000
10, 000
0
N
0r
dCL0T
L
c0
M
Page 14
GARDEN TERRACE APARTMENTS
June 1, 2018
88 Total Units
New Ulm Economic Development Authority
Date
Total
Leased
No. on
Waiting ListJune 2018 87 50
May 2018 86 48
Aril 2018 86 43
March 2018 85 41
February 2018 84 68
January 2018 85 70
December 2017 85 69
November 2017 86 69
October 2017 86 68
September 2017 87 76
August 2017 87 75
July 2017 87 74
June 2017 87 73
1009080706050
403020
100
0N
0 0 0 0 0 0 0 0 0OP
0 0 No0ti ti ti ti ti ti ti ti ti ti ti ti ti
So J2
1c1
QJ e
eQO
Units Leased
Waiting List
Page 15
City ofNew UlmRequest for Economic Development Authority Action
Meeting Date: June 12, 2018 Agenda Item Number: 4. a.
Agenda Section: Public Housing Program Originating Department: EDA Administration
Resolution: Yes Prepared By: Housing Coordinator
Number of Attachments: 2 Presented By: Housing Coordinator
Item: Consider resolution approving the Public Housing Operating Budget.
EDA Staff Proposed Action:
Motion by , Second by , adopting a resolution and waiving the reading, approving the PublicHousing Operating Bcuget for the Fiscal Year June 30, 2019.
Overview -
The Public Housing Operating Budget covers the day-to-day operations of the EDA' s 50 Public Housing units, 40 units atthe Broadway Haus and 10 family units. Submittal of the operating budget for the upcoming fiscal year (July 1, 2018 — June 3 0, 2019) to HUD is required prior to the beginning of the fiscal year. Staffworks with fee accountant C. Naber toassemble the budget into the proper HUD format.
Primary Issues/Alternatives to Consider: This proposed budget is primarily a status quo budget compared to the current fiscal year. Over the years, staff has beenable to project accurately what the routine costs to operate the 50 units of Public Housing will be. Capital Fund Grants arenot included in this budget. The EDA has adequate Public Housing reserve funds to address any out -of -the -ordinary orcatastrophic events that might occur.
Budgetary/Fiscal Issues: OperatingReceipts (Lines 070- 130)
Overall 1 % increase compared to current budget.
Dwelling Rental Receipts based on past six months activity. Operating Expenditures ( Lines 140-210)
Overall 2% increase compared to current budget.
Administrative Salaries based on past nine months activity. Salaries adjustment of 2. 5% based on cost -of -living projection effective January 1, 2019.
Tenant Services ( Lines 220-250) Maintain at current budget level.
Utilities (Lines 260-320) Overall 2. 5% increase compared to current budget. Based on past 12 months usage.
Ordinary Maintenance and Operation (Lines 330-360) Overall 6% decrease compared to current budget. Labor" expenditure is Maintenance Technician wages based on a 30 hour per week work schedule, with a projected
2. 5% cost -of -living adjustment effective January 1, 2019. Contract Costs" include any electrical, plumbing, elevator, HVAC, painting, snow removal and miscellaneous repairs
and services contracted for during the year. These costs vary and are adjusted from year to year. General Expense (Lines 410-470)
Overall 4% increase compared to current budget. Total Routine Expense (Line 480)
Maintain at current budget level.
OperatingSubsidyubsidy Contribution (Line 630) Anticipated HUD Grant for upcoming fiscal year.
Residual Receipts (Line 700)
Anticipated Operating Deficit for upcoming fiscal year. The current budget projected an operating deficit of $34,740. The EDA can follow operating balance from month to month on the Administrative Activities — Public Housingfinancial report. For 2018, through May, there is a deficit of approximately $20,767.
The projected deficit for the upcoming budget is caused by several factors, lower rental revenue due to stagnant cost ofliving increases for social security recipients combined with increased Medicare premiums and an operating subsidyproration of 95%. Attachments: 1. Operating Budget (Fiscal Year Ending 6/ 30/ 19) 2. PHA Board Resolution
Operating Budget U. S. Department of Housingand Urban Development
Office of Public and Indian Housing
See page four for instructions and Public reporting burden statement
a. T of Submission bscal Year Ending c. No. of months ( check one)
ff . Fi
Original El No.: 06/30/ 19 X 12 mo. Other (specify
e. Name of public Housing Agency/ lndian Housing Authority ( PHARHA)
NEW ULM HOUSING AUTHORITY
f. Address (city, State, zip code)
100 NORTH BROADWAY
NEW ULM MN 56073
g. ACC Number h. PAS/LMCS Project No.
C-•4130 MN12800219J
Unit Months m. No. of projectsNo. of Dwelling Units k. No. o of UJ. 9
Available
50 600 ONE ...... ......
Line Acct.
No. No, Description
0)
Homebuyers Monthly Payments for. 010 7710 Operating Expense
020 7712 Earned Home Payments
030 7714 Nonroutine Maintenance Reserve
Operating Receipts070 3110 Dwelling Rental
080 3120 Excess Utilities
090 3190 Nondwelling Rental100 Total Rental Income (sum of lines 070, 08{
110 3610 Interest on General Fund Investment
120 3690 Other Income
130 Total Rental Income ( sum of lines 100, 11(
Operating Expenditures - Administration: 140 4110 JAdministrative Salaries145 atto4s Administrative Benefits
150 4130 LegalExpense
160 4140 Staff Training170 4150 Travel
180 4170 Accounting Fees190 4171 Auditing Fees
200 4190 Office Expense
200 4192 Adveritsing & Marketing200 F4194 Other Admin Exoense
Utilities:
260 4310
270 4320
280 4330
290 4331
300 4390
310 4391
OMB Approval No. 2577-0026 ( exp. 9/ 30!2006) {
i
T of HUD assisted project(s)
X PHA/iHA-Owned Rental Housing
IHA Owned Mutual Help Homeownership
PHA/ IHA Leased Rental Housing
PHARHA Owned Tumkey III Homeownership
PHA/ IHA Leased Homeownership
HUD Field Office
MINNEAPOLIS
Actual XIEstimates
258.77 155, 260
8. 00
Last Fiscal I DorActual
8, 000
RoMquested Bud t Estimates
Yr. Current Budget yr. Estimates HUD
MdificaZZ06/30/ 17
283. 48
06/30/18
85. 49
fPHAJAIHAAmount Amount
PUM PUM PUMto nearest $ 10) Pi/M ( to nearest $10)
2) 3) 4)( 5)
100
8) ( 7)
1. 17 1. 17
0.00
0. 00 1. 67 1. 67 1, 000
0. 00
3. 67 4. 00 2, 400
4. 58
0.00
5. 83 3, 500
253.37 262.73 258.77 155,260
9. 13
0. 14 0.33 0.00 0
2. 67 2. 67
0.00 0.00 0
66. 67
and 090 253.51 263.06 1 258.77 155, 260
8. 00 4.42 13. 33 8, 000
12. 33 13.33 11. 313 6,830
and 120 273.84 280.81 283. 48 170,090
85. 49 114.35 115.78 69,470
29.74 31. 00 31. 67 19,000
0.00 0. 17 0. 17 100
0.00 1. 17 1. 17 700
0. 00 1. 67 1. 67 1, 000
3. 62 3. 67 4. 00 2, 400
4. 58 5.83 5. 83 3, 500
12. 59 10.75 10.92 6,550
of line 140 thru line
ices Benefits
Publications and Other Services
0.14 0.83 1 0.67 400
0.66 4.54 5.63 1 3, 375
200 136.82 173.98 177.49 106,495
0.00 0
0.00
0. 92 1. 67 1. 67 1, 0W
0.00
and 240 0.92 1. 67 1. 67 1, 000
5. 15 5.67 5. 67 3 400
21. 14 21. 67 21. 67 13,000
0. 79 1 2.50 2.50 1, 500
20.24 20.00 23.33 14,000
9. 13 12.50 10.83 6,500
2.27 2. 67 2. 67 1, 600
58.72 65.01 66. 67 40,000
0.00
form HUD -52554(3/95)
Previous editions are obsolete Page 1 of 3 ref. Handbook 7475.4
Name of PHAIIHA
NEW UL.M HOUSING AUTHORITYFiscal Year Ending06/30/19
Line
No.
Aod.
No. Description
1)
Actual
Last Fiscal
Yr.
06/30/ 17
PUM
2)
X Estimates
Flor Actualcurrent Budget Yr.
06/30/18
PUM
3)
PUM
4)•
HUD Modifications
Amount Amount
to nearest $10) PUM ( to nearest $10)
5) ( s) 7)
Ordinary Maintenance and Operation: 330 4410 Labor 26.29 34.50 34. 50 20,700
335 44io45 Maintenance Benefits 0.00 2.63 2.63 1 1, 680
340 4420 Materials 21. 69 22. 33 16.67 10,000
350 4430 Misc contract Costs 14.09 21. 17 16.67 10,000
350 4432 Heating & Co ling Contracts 7. 16 8. 33 5,83 3,500
350 4433 Snow Removal Contracts 2.73 4.58 3. 33 2,000
350 4434 Elevator Maintenance Contracts 8.73 7. 00 10. 00 6,000
350 4435 Landscape & Grounds Contracts 3. 12 7.50 7.50 4,500
350 4436 Unit Turnaround Contracts 8. 95 6.67 6.67 4,000
350 4437 Electrical Contracts 4.95 3. 33 3. 33 2,000
350 4438 Plumbing Contracts 7. 10 6.67 5. 83 3, 500
350 4439 Extermination Contracts 2.77 3. 33 3.33 2,000
350 4440 Janitorial Contracts 2.03 1. 67 1. 67 1, 000
350 4441 1 Routine Maintenance Contracts 4.52 4.17 8.33 5,000
360 Total Ordinary Maintenance & O eration Expense lines 330 to 350 114. 13 133.88 126.30 76,780
General Expense:
410 4510 1 insurance - Property 16.29 19.04 21. 45 12,867
410 4511 insurance - Liability 3.88 3.83 4.00 2,400
410 4512 Insurance - Work Comp 1. 25 1. 88 1. 96 1, 175
410 4513 Insurance - Other 0.00 0.00 0
420 4520 Pa ments in Lieu of Taxes 19.48 19.83 19. 23 11, 540
430 4530 Terminal Leave Payments 0.00
450 4570 Collection Losses 2. 95 0.00 0.00 0
460 4590 Other General Expense 2.83 5.83 5. 83 3,600
470 Total General Ex se sum of lines 410 to 460) 46.68 50.41 52.47 31, 482
480 Total Routine Expense sum of lines 210, 250, 320, 360, and 470 357.27 424.95 424.60 254,757.00
550 Total Total Operating Expenditures 357.27 424.95 424.60 254 757.00
Prior Year Adjustments:
560 16010 J Prior Year Adjustments Affecting Residual Receipts 0.00
Other Expenditures:
570 IDeficiency in Residual Receipts at End of Preceding Fiscal Yr. 0.00
580 Total Operating Expenditures, including prior year adjustments andother expenditures line 550 plus or minus line 560 pAlus line 570 357.27 424.95 424.60 254,757
590 Residual Receipts (or Deficit) before HUD Contributions and
provision for operating reserve line 130 minus line 580 83.43 141. 11 84,667
HUD Contributions:
600 8010 1 Basic Annual Contribution Eamed- Leased Pr ects:Current Year 0.00
610 8011 Prior Year Adjustments -( Debit)_Credit 0.00
620 Total Basic Annual Contribution (line 600 plus or minus line 610) 0.00 0.00 0.00 0
630 B020 Contributions Earned -op. Subsidy: -Cur. Yr. ore ear -end j) 95. 15 86.23 111. 41 66,845 2018 Subsidy 95%
640 Mandatory PFS Adjustments net : 0. 00
650 Other (specify): 0. 00
660 Others a : 0.00
670 Total Year -End Ad stmentsiother( plus or minus lines 640 thru 660) 0.00 0.00 0.00 0
680 8020 Total Operating Subsidy -current year ( ane63o tuswn* wstine& 95. 15 121. 58 111. 41 66,845
690 Total HUD Contributions sum of lines 620 and 680 95. 15 121. 58 111. 41 66,845
700 Residual Receipts (or Deficit) ( sum of line 590 plus line 690)
Enter here and on tine 810 11. 72 22.56) 29.70) _ 17,822)
form HUD -52564(3/96}
Previous editions are obsolete Page 2 of 3 ref. Handbook 7475. 1
Name of PHAlIHA
NEW ULM HOUSING AUTHORITYFiscal Year Ending
06/30119
Part if - Provision for and Estimated or Actual Operating Reserve at Fiscal Year End
Operating Reserve PHAIIHA Estimates HUD Modifications
780
Part I - Maximum Operating Reserve - End of Current Budget Year
Op± rating Reserve at End of Previous Fiscal Year - Actual for FYE ( date): 06/ 30/ 15
740 2821 PHAIIHA-Leased Housing - Section 23 or 10(c) 50% of Line 480, column 5, form HUD -52564
790
Comments
PHA! IHA Approval Name
Title
Signature Date
Field Office Approval Name
Title
Signature Date
form HUQ4ZVA( 3195)
Previous editions are obsolete Page 3 of 3 ref. Handbook 7475. 1
Part if - Provision for and Estimated or Actual Operating Reserve at Fiscal Year End780 Op± rating Reserve at End of Previous Fiscal Year - Actual for FYE ( date): 06/ 30/ 15 638,908
790 Provision for Operating Reserve - Current Budget Year (check one)
FRI Estimated for FYEActual for FYE
800 Operating Reserve at End of Current Budget Year (check one)
FX Estimated for FYE 638,908
Actual for FYE
810 Provision for Operating Reserve - Requested Budget Year Estimated for FYEEnter Amount from line 700 9,428
820 Operating Reserve at End of Requested Budget Year Estimated for FYESum of lines 80D and 810 648, 336
830 Cash Reserve Requirement- 25 % Of line 400
63,689
Comments
PHA! IHA Approval Name
Title
Signature Date
Field Office Approval Name
Title
Signature Date
form HUQ4ZVA( 3195)
Previous editions are obsolete Page 3 of 3 ref. Handbook 7475. 1
PHA Board Resolution OMB No. 2577-0026Approving Operating Budget ( exp. 07/31/ 2019)
U. S. Department of Housing and Urban DevelopmentOffice of Public and Indian Housing
Real Estate Assessment Center (PIH- REAC)
Previous editions are obsolete form HUD -52574 ( 08/2005) Public reporting burden for this collection of information is estimated to average 10 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection ofinformation. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. Thisinformation is required by Section 8( c)(4) of the U. S. Housing Act of 1937. The information is the operating budget for the low-income public housing program andprovides a summary of the proposed/ budgeted receipts and expenditures, approval of budgeted receipts and expenditures, and justification of certain specifiedamounts. HUD reviews the information to determine if the operating plan adopted by the public housing agency (PHA) and the amounts are reasonable, and that thePHA is in compliance with procedures prescribed by HUD. Responses are required to obtain benefits. This information does not lend itself to confidentiality.
PHA Name: NEW ULM ECONOMIC DEVELOPMENT AUTHORITY PHA Code:
PHA Fiscal Year Beginning: 7/01/ 18 Board Resolution Number:
MN128
Acting on behalf of the Board of Commissioners of the above-named PHA as its Chairperson, I make the followingcertification and agreement to the Department of Housing and Urban Development (HUD) regarding the Board'sapproval of (check one or more as applicable):
DATE
X Operating Budgets ( for COCC and all Projects) approved by Boardresolution on:
Operating Budget submitted to HUD, if applicable, on:
Operating Budget revision approved by Board resolution on:
Operating Budget revision submitted to HUD, if applicable, on:
I certify on behalf of the above-named PHA that:
1. All statutory and regulatory requirements have been met;
2. The PHA has sufficient operating reserves to meet the working capital needs of its developments;
3. Proposed budget expenditure are necessary in the efficient and economical operating of the housing for thepurpose of serving low-income residents;
4. The budget indicates a source of funds adequate to cover all proposed expenditures;
5. The PHA will comply with the wage rate requirement under 24 CFR 968. 110(c) and (f); and
6. The PHA will comply with the requirements for access to records and audits under 24 CFR 968. 325.
1 hereby certify that all the information stated within, as well as any information provided in the accompaniment herewith, if applicable, is true and accurate.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. ( 18
U. S. C. 1001, 1010, 1012.31, U. S.C. 3729 and 3802)
Print Board Chairperson's Name: Signature: Date:
Previous editions are obsolete HUD -52574 ( 04/2013)
City ofNew UlmRequest for Economic Development Authority Action
Meeting Date: June 12, 2018 Agenda Item Number: 4. b.
Agenda Section: Public Housing Program Originating Department: Housing Administration
Resolution: N/A Prepared By: Housing Coordinator
Number of Attachments: 1 Tpresented By: Housing Coordinator
Item: Consider motion authorizing payment of Public Housing Program claims.
EDA Staff Proposed Action:
Motion by , second by______, authorizing payment ofPublic Housing Program claims for June 12, 2018 andorder filed.
Overview:
Bills submitted to the Authority for payment total $ 21, 705. 57.
Primary Issues/Alternatives to Consider: N/A
Budgetary/Fiscal Issues: N/A
Attachments:
Public Housing Program Claims — June 12, 2018
PUBLIC HOUSING CLAIMS
June 12, 2018
CLAIMANT AMOUNT PURPOSE
Former Tenant 126.46 Refund Sec Dep/Interest/Broadway Haus # 104
City ofNew Ulm 8, 210.37 May 2018 ExpensesPublic Utilities Commission 2, 878.47 Utilities/BH (4/ 2/ 18 to 5/ 2/ 18)
17. 23 Utilities/BH #205 ( 4/2/ 18 to 5/ 1/ 18)
19.74 Utilities/BH #208 ( 4/2/ 18 to 5/ 1/ 18)
87.46 Utilities/ 1318 S German St (4/ 2/ 18 to 5/ 1/ 18)
92.38 Utilities/ 1625 S Minnesota St ( 4/2/ 18 to 5/ 1/ 18)
0.93 Utilities/418 17th St S ( 4/ 30/ 18 to 5/ 1/ 18)
C. Naber & Associates 120.00 May 2018 Accounting Service100.00 Preparation of 6/ 30/ 19 Budget
Ecowater Systems 82.20 5/ 30/ 18 Softener Salt/Broadway Haus82.20 6/ 6/ 18 Softener Salt/Family Units
River View Sanitation 117. 54 May 2018 Garbage Service/BH35. 98 Garbage Pick Up/ 1625 S Minnesota St
Ahrens Heating & Air Conditioning 259.33 Service Call/Broadway Haus 3rd floor A/C unitDesign Home Center 167.29 Family Room Door/ 1509 N Minnesota St
300.56 Entry and Closet Doors/ 1627 S Minnesota St519.89 Entry Door/416 17th St S ( 2)
Full Service Electric 67.80 Service Call/Broadway Haus Exterior Light141. 60 Supplies
Gag Sheet Metal, Inc 510.65 Service Call/Broadway Haus # 303 ( 2) 85. 60 Supplies
HD Facilities Maintenance 76.48 Supplies
Kibble Equipment 119. 82 Supplies/Broadway Haus Lawn MowerKraus Tree Service 90.00 Lawn Mowing/ 1627 S Minn/418 17th St SMR Paving & Excavating, Inc. 247.50 Snow Removal 4/ 4/ 18- 4/ 5/ 18/ Broadway Haus
24.50 Snow Removal 4/ 9/ 18/ Broadway Haus430.00 Snow Removal 4/ 15/ 18- 4/ 16/ 18/ Broadway Haus
Menards 143. 17 Supplies ( 6)
New Ulm Furniture 3, 182.70 Flooring/ 1318 S German StNew Ulm Glass 221. 50 Repair Three Window Screens/ 1627 S Minn St
Olympic Fire Protection Corp 578. 49 Repair/Broadway Haus Sprinkler SystemPublic Utilities Commission 45. 00 June URP/ 1320 S German St
2.00 June URP/ 418 17th St S
Public Utilities Commission 36.99 Flourescent Bulb Recycling/Broadway HausQuality Appliance & Television 499.99 Spare Range/Broadway HausRenuit Cleaning Services 350.00 Clean Basement/418 17th St S
175.00 Clean Basement/ 1627 S Minnesota St
Retzlaffs Ace Hardware 46.94 Supplies ( 3)
River Creek Nursery 178. 90 Tenant Services
River Bend Business Products 33. 94 Supplies
South Central Painting 695. 00 Paint/418 17th St S ( 2)
Von Essen Locksmith Service 100. 00 Service Call/ 1625 S Minnesota St
152. 99 Service Call/ 1318 S German St
250.98 Service Call/418 17th St S/ 1627 S Minnesota St
21, 705. 57
City ofNew UlmRequest for Economic Development Authority Action
Meeting Date: June 12, 2018 Agenda Item Number: 5. a.
Agenda Section: Economic Development
AuthorityOriginating Department: EDA Administration
Resolution: N/A Prepared By: Housing Coordinator
Number of Attachments: 1 Presented By: Housing Coordinator
Item: Consider bids for two lots in Milford Heights Phase One.
EDA StaffProposed Action:
1) Motion by , seconded by , a) approve or reject bid for Lot 7, Block 4 in the amount of12, 103. 00.
2) Motion by , seconded by , a) approve or reject bid for Lot 2, Block 4 in the amount of
13, 247.63.
Overview:
The EDA authorized staff to solicit bids for the nine unsold lots in Milford Heights Phase One. Two bids were received.
Primary Issues/Alternatives to Consider: 1) A bid was received for Lot 7, Block 4 in the amount of $12, 103. 00.
a. The minimum bid for this lot was $ 12, 000.00.
b. The Declaration of Covenants, Conditions and Restrictions require home construction to be completedwithin eighteen months of the lot purchase. If the home is not completed within this designated timeframe, the purchase agreement for the Lot will indicate that the lot will revert back to the EDA. The
bidder is requesting an extension to this requirement from eighteen months from the lot purchase to threeyears from the lot purchase.
c. Staff recommends granting the bidder' s request to have three years from the lot purchase to completetheir home and approving the bid as submitted.
2) A bid was received for Lot 2, Block 4 in the amount of $13, 247. 63. a. The minimum bid for this lot was $ 12, 000.00.
b. The Declaration of Covenants, Conditions and Restrictions require home construction to be completedwithin eighteen months of the lot purchase. If the home is not completed within this designated timeframe, the purchase agreement for the Lot will indicate that the lot will revert back to the EDA. The
bidder is requesting an exemption to this requirement. If they cannot be exempted from this requirement, they withdraw their bid.
c. Staff recommends rejecting the bid and returning the earnest money.
Budgetary/Fiscal Issues: Milford Heights Phase One is a TIF District. Once a house is constructed, the EDA collects property taxes to make
payments to the TIF District. The EDA collects no property tax revenue on an empty lot.
Attachments:
Milford Heights Phase One Plat Map
MILFORD 14EIGHT9FIRST ADDITIONNEW ULM, MN
Bare Lots FOR SALE./
s
Beinhorn St.
NAM
9
Lot Prices
12, 500
15, 000
20, 000
sold soldAli
Bird qtld
FOR MORE INFORMATIONContact New Ulm EDA
Located on Mender Drive just off West County Road 27 ( 3 blocks west of 5th North St & Highland Ave) Phone 507-354-9227
City ofNew UlmRequest for Economic Development Authority Action
Meeting Date: June 12, 2018 Agenda Item Number: 6. a.
Agenda Section: Garden Terrace Originating Department: EDA Administration
Resolution: N/A Prepared By: Housing Coordinator
Number of Attachments: N/A Presented By: Housing Coordinator
Item: Discussion on use of Garden Terrace reserve funds.
EDA Staff Proposed Action:
No action taken.
Overview:
The EDA recently paid early the mortgages for both buildings at Garden Terrace, Garden Terrace I in 2013 and GardenTerrace H in 2015. Since that time, the reserve account has grown to a significant amount. The EDA has talked about
potentially using a portion of the cash reserves to fund other EDA projects.
Primary Issues/Alternatives to Consider: Staff would like to propose a few ideas for consideration:
1) Down Payment Program for Garden Terrace tenants to transition to home ownership
2) Owner Occupied Rehab Program
3) Rental Rehab Program
Budgetary/Fiscal Issues: The EDA might want to consider a minimum amount to keep in cash reserves for Garden Terrace operations.
Attachments:
N/A
City ofNew UlmRequest for Economic Development Authority Action
Meeting Date: June 12, 2018 Agenda Item Number: 7.
Agenda Section: Economic Development
Report Originating Department: EDA Administration
Economic DevelopmentResolution: N/A Prepared By: Director/Asst. City Manager
Number of Attachments: N/A Presented By: Economic Development
Director/Asst. City Manager
From the Economic Development Director/Assistant City Manager regarding activitiesItem•
during the month ofMay, 2018.
EDA Staff Proposed Action:
Motion by , second by , accepting the Economic Development Director/Assistant City Manager' sreport regarding activities during the month of May, 2018.
Overview:
Economic Development - Attended monthly New Ulm Economic Development Corporation meeting, met with Windingssite rep and DEED to talk about relocation plan, met with Windings VP to talk about relocation plan and incentives, metwith Eric Bode about possible plans for Marktplatz Mall, met with DLC to talk about relocation plans and incentives, met
with AMPI to introduce myself and get acquainted with their operation, met with Cindy Winters to talk about Heart ofNew Ulm and how to continue the program, met with DEED reps to get information about State run incentives, met with
the Chamber of Commerce to talk about Economic Development and started the process on three EDA Loan applications.
Housing — Attended the Single -Family Housing Development conference in St. Cloud hosted by Minnesota Housing, attended EDA monthly meeting, attended the Governor' s Housing Task Force Regional Forum in Sleepy Eye and assistedthe Housing Coordinator with an application to the Federal Home Loan Bank of Des Moines for a single-family housingrehab program.
Primary Issues/Alternatives to Consider: N/A
Budgetary/Fiscal Issues: N/A
Attachments:
N/A