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Home My WebLink About1988-019 EDAR1 Member Celia Scott introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 88 19 RESOLUTION APPROVING THE BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 1989 PURSUANT TO MSA CHAPTER 462.545, SUBDIVISION 6 WHEREAS, the Brooklyn Center Economic Development Authority has considered the attached budget and finds that this budget is necessary for the operation of the Brooklyn Center Housing and Redevelopment Authority during the year 1989: NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority for the City of Brooklyn Center that the attached budget of the Economic Development Authority for said City is hereby approved. BE IT FURTHER RESOLVED that a copy of this resolution, together with the attached budget, be submitted to the City Council of the City of Brooklyn Center. Passed by the Economic Development Authority of the City of Brooklyn Center this 19th day of September, 1988. September 19, 1988 Date President The motion for the adoption of the foregoing resolution was duly seconded by member Bill Hawes and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, and Bill Hawes; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted. ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER 1989 BUDGET CITY OF BROOKLYN CENTER DEPARTMENT OF FINANCE 1 1 (EEHRASM) ESTIMATED REVENUE: I. General Property taxes 59,369 63,000 II. Tax Increments 915,000 1,376,600 III. Intergovernmental Revenue 393,565 188,000 IV. Miscellaneous Revenue 256,487 142,725 TOTAL ESTIMATED REVENUE $1,624,421 $1,770,325 V. Borrowing 5,438,942 TOTAL SOURCES OF FUNDS $1,624,421 $7,209,267 APPROPRIATIONS: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA ANNUAL OPERATING BUDGET 1989 PROPOSED SUMMARY OF ESTIMATED REVENUES, APPROPRIATIONS AND CHANGES IN FUND BALANCE ESTIMATED ESTIMATED 1988 1989 I. Administration 45,688 21,350 II. Earle Brawn Farm 525,793 8,839,564 Construction Interest 135,000 III. Redevelopment IV. Rehabilitation Grants 178,565 172,000 V. Debt Service Transfer 431,710 420,000 TOTAL APPROPRIATIONS $1,181,756 $9,587,914 FUND BALANCE January 1, $2,619,086 $3,061,751 FUND BALANCE December 31, $3,061,751 683,104 4 1 1 (EEFBAD) ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA FUND BALANCE ANALYSIS BY DIVISION E.D.A. E.B.F. Fund Balance 12 -31 -86 382,907 2,491,079 Property Taxes 52,510 376,890 Homestead Credit 15,365 Transfers in (CDBG) 91,141 Interest Income 28,438 185,062 Contract for Deed Interest 32,250 Sale of Land 23,500 Other 11,196 1987 Expenditures 98,584 645,778 Transfers to debt service -326,890 Fund Balance 12 -31 -87 506,473 2,112,613 Property Taxes 59,369 Tax Increments 915,000 Homestead Credit 15,000 Transfers in (CDBG) 178,565 200,000 Interest Income 43,300 180,700 Contract for Deed Interest 32,487 1988 Expenditures 224,253 525,793 Transfers to debt service 431,710 Estimated Fund Balance 12 -31 -88 578,454 2,483,297 Property Taxes 63,000 Tax Increments 1,376,600 Homestead Credit 16,000 Transfers in (CDBG) 172,000 Interest Income 47,000 63,000 Contract for Deed Interest 32,725 Borrowing 5,438,942 1989 Expenditures 193,350 8,839,564 Construction Interest 135,000 Transfers to debt service 420,000 Estimated Fund Balance 12 -31 -89 683,104 0 (EEHRARV) ESTIMATED REVENUE: I. GENERAL PROPERTY TAXES Ad Valorem Levy Tax Increments Total General Property Taxes 57,383 II. INTERGOVERNMENTAL REVENUE Community Development Block Grants Housing Redevelopment, Year XI Housing Redevelopment, Year XII Earle Brown Farm Restoration Housing Redevelopment, Year XIII Housing Redevelopment, Year XIV Homestead Credits Total Intergovernmental Revenue III. MISCELLANEOUS REVENUE Interest Contract For Deed Interest Rent, Refund and Miscelaneous Land Sales Sale of Bonds Total Miscellaneous Revenue TOTAL REVENUE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA ANNUAL OPERATING BUDGET 1989 PROPOSED RESUME OF REVENUE AND ESTIMATED REVENUE 1986 Actual Revenue 1987 Estimated Estimated Actual 1988 1989 Revenue Revenue Revenue 57,383 52,510 59,369 376,890 915,000 142,813 13,932 156,745 429,400 283,239 213,500 8,063 32,250 12,367 11,196 529,600 23,500 833,269 6 91,141 200,000 178,565 15,365 15,000 106,506 393,565 280,446 63,000 1,376,600 974,369 1,439,600 172,000 16,000 188,000 224,000 110,000 32,487 32,725 256,487 142,725 $1,047,397 816,352 1,624,421 1,770,325 1 1 (EEH RAOB) OPERATING BUDGET SUB -TOTAL CAPITAL OUTLAY TOTAL ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA 1989 PROPOSED BUDGET APPROPRIATIONS: I. ADMINISTRATION 1988 1989 OBJECT 1986 1987 1988 ESTI- RECOM- NO. OBJECT ACTUAL ACTUAL ADOPTED MATED MENDED 4100 Salaries, Regular Employees 26,803 0 0 0 0 PERSONAL SERVICES TOTAL 26,803 0 0 0 0 4220 General Supplies 1,000 28 100 200 200 4210 Office Supplies 0 0 0 0 0 SUPPLIES, REPAIRS,MAINTENANCE TOTAL 1,000 28 100 200 200 4310 Professional Services 144 654 0 50 1,000 4312 Legal Services 0 1,901 1,000 1,000 2,000 PROFESSIONAL SERVICES TOTAL 144 2,555 1,000 1,050 3,000 III 4334 Use of Personal Auto 0 0 100 100 100 4350 Printing 1,000 TRANSPORTATION TOTAL 0 0 100 100 1,100 4397 LOsIS Charges 1,200 2,500 4411 Conference Schools 0 175 600 600 600 4413 Dues Subscriptions 83 210 210 300 300 4414 Licenses, Taxes Fees 50 100 4416 Interest 0 0 0 0 4417 Books and Pamphlets 101 63 300 100 300 4422 Administrative Services 0 8,313 9,248 9,248 0 MISCELLANEOUS TOTAL 184 8,761 10,358 11,498 3,800 28,131 11,344 11,558 12,848 8,100 4550 Furniture Fixtures 424 0 0 0 0 4551 Office Furnishing Equi pn't. 40 233 1,500 30,000 0 4553 Mobile Equipment 0 0 0 0 13,250 4560 Construction Contract 2,840 0 TOTAL BUDGET 28,595 11,577 13,058 45,688 21,350 7 464 233 1,500 32,840 13,250 1 (IBJOCOR) One (1) Automobile CITY OF BROOKLYN CENTER GENERAL FUND BUDGET JUSTIFICATION OF CAPITAL OUTLAYS REQUESTS 1. Department: Economic Development Authority DePt• it: 85 Object 4552 2. Give description and quantity of item requested. Indicate date desired. 3. Describe the necessity for and /or benefits or savings expected from this item. Currently, there is one (1) administrative staff car. The vehicle is now being regularly used by four (4) individuals as well as others from other departments. The limited availability of a car has been and continues to be inconvenient. While the EDA would own the proposed vehicle, it would be used by other staff personnel. 4• If the item requires an increase in personal services for the activity, state the job title(s) contingent upon the item. N/A 5. Indicate any expenses necessary to place this item in operation and whether these expenses are included in your budget request. Insurance, registration, and etc. not included. 6. List any item which will be replaced by this purchase. State recommendations for disposition of this item. For example, trade-in, salvage, discard, etc. N/A 7. Estimated Net Cost: Quantity Unit Cost Total Cost Trade-in Net Total Cost 1 13,250 13,250 8 -0- 13,250 (EEHRAFB) Program Number Description 920 General Administration 921 Operation and Maintenance 923 Storm Sewer 926 Phase II Streetscape 927 Commons Water System 928 Phase III Streetscape 929 Jim Ryan Agreement 930 Earle Brawn Commons 931 Streetscape Planning 932 E.B.F. Market Study 933 E.B.F. Restoration 934 E.B.F. Management Start -up TOTAL BUDGET ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA 1989 PROPOSED BUDGET APPROPRIATIONS: II. EARLE BROWN FARM 1987 Actual 79,317 3,757 -85,467 6,707 39,448 580,623 17,761 1,616 1,596 421 9 1988 1988 1989 Adopted Estimated Recommended 48,193 53,217 2,400 9,000 4,550 275 4,751 349,000 105,000 56,230 5,400 8,391,934 386,000 645,779 50,593 525,793 8,839,564 (EEHRA920) OBJECT NO. OBJECT PERSONAL. SERVICES TOTAL, ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA 1989 PROPOSED BUDGET APPROPRIATIONS: II. a EARLE BROIN FARM ADMINISTATION 1988 1989 1987 1988 ESTI- RECOM- ACTUAL ADOPTED MATED MENDED 4100 Salaries, Regular Employees 0 0 0 0 0 0 0 4220 General Supplies 241 100 100 100 SUPRJTFS, REPAIRS, MAINTENANCE -OTAL 241 100 100 100 4310 Professional Services: 11,828 5,000 10,000 10,000 4312 Legal Services 17,692 5,000 5,000 5,000 PROFESSIONAL SERVICES TOTAL 29,520 10,000 15,000 15,000 4351 Legal Notice Publ ication 889 1,000 1,000 1,000 PRINTING TOTAL 889 1,000 1,000 1,000 4411 Conferences Schools 87 24 4413 Dues Subscriptims 78 100 100 100 4414 Licenses Taxes 15,249 0 0 0 4422 Administrative Services 33,253 36,993 36,993 40,030 MISCELLANE(JS TOTAL 1 48,667 37,093 37,117 40,130 TOTAL BUDGET 79,317 48,193 53,217 56,230 1 1 (EEHRA921) OBJECT NO. OBJECT 4100 Salaries, Regular Employees 511 0 0 PERSONAL SERVICES TOTAL 511 0 0 0 4220 General Supplies 1,434 100 100 100 4230 Repair Maint Supplies 16 0 0 0 4233 Building Repair Supplies 97 0 0 0 SUPPLIES TOTAL 1,547 100 100 100 4370 Utilities 4371 Electric Service 4372 Gas Service 4373 Heating Oil 4374 Water 4375 Waste Disposal ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA 1989 PROPOSED BUDGET APPROPRIATIONS: II.b EARLE BROWN FARM OPERATION MAINTENANCE TOTAL UTILITIES 1,309 2,200 8,600 4,800 4383 Buildings Repair 0 100 300 500 4399 Equipment Rental City 90 0 0 0 4420 Other Contractual Service 300 0 0 0 TOTAL MAINTENANCE REPAIR 390 100 300 500 TOTAL BUDGET 3,757 2,400 9,000 5,400 1988 1989 1987 1988 ESTI- RECOM- ACTUAL ADOPTED MATED MENDED 656 700 2,200 1,200 542 700 2,700 1,500 42 100 100 100 0 700 3,600 2,000 19 50 (EEHRAFR) Contingency ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA 1989 PROPOSED BUDGET APPROPRIATIONS: II.c EARLE BROWN FARM RESTORATION Building Construction Costs: Site General Streets, Parking, Site Lighting, 568,215 Sewer and Water) Bed Breakfast 965,737 Barn "D" 283,913 Barn "G" 294,937 D G Link 42,486 Blacksmith Shop 233,852 Barn "H" 242,198 Shop H Link 45,234 Stable Restaurant 829,927 Hippodrome 2,480,761 Bunk House 28,826 Pump House 22,438 6,038,524 Site Improvements: Landscaping 105,910 Signage Allowance 40,000 145,910 Office Tenant Improvements Allowance (17,050 s.f. $25) 426,250 Furniture and Equipment: Kitchen Equipment: Bed Breakfast Hippodrome Stable Restaurant Furniture Fixtures Bed and Breakfast Furniture (est.) Audio (Built in) Fees and Other Costs: Accoustical Consultant Architects and Engineers Winsor /Faricy Landscape /Civil Engineer Westwood Construction Management Heskin Construction Supervisor McGough Soil Testing Survey Kitchen Consultant Robert Rippee Interior Design Insurance TOTAL PROJECTED COSTS 12 30,000 310,000 98,000 400,000 40,000 40,000 918,000 5,000 292,000 35,000 365,000 146,250 12,000 12,000 20,000 40,000 35,000 962,250 250,000 8,740,934 Salaries: Bed Breakfast Operations: Utilities Maintenance Supplies Meals APPROPRIATIONS: II.d EARLE BROWN FARM MANAGEMENT START -UP Base Period 1 Period 2 Period 3 Total Stabilized Apr -Dec Jan -June July -Dec 1988 1989 1989 Receptionist: Full Time 12,000 3,000 3,000 6,000 12,000 12,000 Part Time 6,000 -0- 6,000 Maintenance: Full Time 18,000 4,500 4,500 18,000 Part Time 12,000 -0- 12,000 Part Time 12,000 -0- 12,000 Secretarial /Mngt. 24,000 3,000 6,000 12,000 21,000 24,000 Housekeeping: Part Time 10,000 5,000 5,000 10,000 Part Time 10,000 5,000 5,000 10,000 Part Time 10,000 5,000 5,000 10,000 Hostess: Full Time 18,000 9,000 9,000 18,000 w Part Time 9,000 4,500 4,500 9,000 Total: 6,000 9,000 51,000 66,000 141,000 Benefits 25% 1,500 2,250 12,750 16,500 35,250 7,500 11,250 63,750 82,500 176,250 Management: 98,000 73,500 49,000 49,000 171,500 98,000 Promotion Public Relations 13,500 48,000 60,000 121,500 60,000 Office Supplies Equip Postage 3,000 7,000 7,000 17,000 18,000 Travel Entertainment 7,500 20,000 30,000 57,500 50,000 8,000 8,000 8,000 8,000 5,000 5,000 20,000 20,000 TOTAL 105,000 135,250 250,750 491,000 402,000 (EEHRA10) OBJECT NO. 4100 Salaries, Regular Employees 4310 Professional Services PRINTING TOTAL III 4382 Other Equipment Repair 4383 Buildings Repair REPAIR MAINTENANCE TOTAL ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA 1989 PROPOSED BUDGET APPROPRIATIONS: IV. REHABILITATION GRANTS OBJECT 310 2,000 0 PERSONAL SERVICES TOTAL 310 2,000 14 1988 1989 1987 1988 ESTI- RECOM- ACTUAL ADOPTED MATED MENDED 0 0 4,340 4,000 4,000 12,600 PROFESSIONAL SERVICES TOTAL 4,340 4,000 4,000 12,600 4351 Legal Notice Publication 0 0 0 0 0 0 0 0 4,555 5,565 5,500 4,300 68,178 165,000 165,000 145,000 72,733 170,565 170,500 149,300 4411 Conferences Schools 21 22 22 4414 Licenses, Taxes &Fees 10 43 70 4422 Administrative Services 1,887 2,000 4,000 10,008 MISCELLANEOUS TOTAL 1,918 2,000 4,065 10,100 TOTAL BUDGET 79,301 $178,565 $178,565 $172,000 (EEHRAAP) DIVISION NUMBER i. DIVISION PROGRAM NUMBER I PROGRAM (87) Earle Brawn Farm (89) Redevlelopment EECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA ANNUAL OPERATING BUDGET (86) HRA;Administration 901 Unallocated Expenses AUTHORIZED PROGRAMS 920 General Administration 921 Operation and Maintenance 922 Acquisition of Tract H 923 Storm Sewer 924 Phase I Streetscape 925 Sunmit Drive Sidewalk 926 Phase II Streetscape 927 Commons Water System 928 Phase :III Streetscape 929 Jim. Agreement 930 Earle Brown Canmons 931 Streetscape Planning 932 E.B.F.. Market Study 933 E.B..F. Restoration 934 E.B.F. Management Start -up 9 Redeetielope 1500 55th Avenue (10) RehaHi i itation Grant Program 904 Grant, Administration 001 -099 Indi.dua1 Rehabilitation Grants 15 ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER SCHEDULE III TAXES LEVIED BY YEAR YEAR YEAR LEVIED COLLECTIBLE MILLS AMOUNT 1988 1989 0.333 79,000 1987 1988 0.333 74,369 1986 1987 0.333 72,000 1985 1986 0.333 71,322 1984 1985 0.333 69,569 1983 1984 0.333 61,751 1982 1983 0.000 0 1981 1982 0.000 0 1980 1981 0.000 0 1979 1980 0.000 0 1978 1979 0.333 43,255 1977 1978 0.333 41,280 1976 1977 0.333 40,000 1975 1976 0.333 37,366 1974 1975 0.333 33,429 TAXES LEVIED TO -DATE 623,341 16 1 (EEH RAPS) POSITION Housing and Purchasing Coordinator Asst. Finance Director Staff Accountant Total Full -time #4100 PERA Social Security Hospitalization Life Insurance Office Rent Equi anent Rent #4142 #4144 #4151 #4152 TOTAL ADMINISTRATIVE SERVICES 0.87 Admin Services Distribution ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA ANNUAL OPERATING BUDGET DETAIL OF PERSONAL SERVICES COMPLEMENT AUTH 0.75 0.12 0.20 0.87 1987 ADOPTED REQ ANNUAL 0.75 $30,744.00 0.12 0.20 4,761.00 0.87 35,505.00 HRA Administration Unallocated Program 901 20% Grant Administration Rehab Grants Program 904 20% Earle Brawn Farm Administration Program 920 80% Brad Hoffman Charles Hansen Bob Rhodes Total Salaries 1988 1989 ADOPTED RECOMMENDED ANNUAL ANNUAL $32,292.75 4,760.00 37,052.75 1,574.74 2,649.27 2,100.00 14.00 6,338.01 1,050.00 1,800.00 1988 Salaries $43,057.00 23,800.00 $66,857.00 34,776.00 5,460.00 40,236.00 1,710.03 3,021 .72 2,210.00 10.00 6,951.75 1,050.00 1,800.00 0.87 $35,505.00 $46,240.76 50,037.75 9,248.15 10,007.55 36,992.61 40,030.20 $46,240.76 50,037.75 1989 Projected Salaries 46,368.00 45,500.00 91,868.00 1 1 (JHRA37) RESUME OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE ESTIMATED REVENUE: GENERAL PROPERTY TAXES Tax Increments Total General Property Taxes INTERGOVERNMENTAL REVENUE Hanestead Credits Total Intergovernmental Revenue MISCELLANEOUS REVENUE Interest Total Miscellaneous Revenue TOTAL REVENUE EXPENDITURES Principal Interest Fiscal Agent Charges TOTAL EXPENDITURES Fund Balance January 1 Fund Balance December 31 ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA DEBT SERVICE BONDS OF 1983 1989 PROPOSED 170,082 144,674 150,000 150,000 18 1987 Estimated Estimated Estimated Actual 1988 1989 1990 Revenue Revenue Revenue Revenue 170,082 144,674 150,000 150,000 23,678 20,700 21,000 21,000 23,678 20,700 21,000 21,000 26,724 31,000 36,000 40,000 26,724 31,000 36,000 40,000 220,484 196,374 207,000 211,000 55,000 60,000 75,000 75,000 71,918 67,963 63,163 57,688 0 300 300 300 126,918 128,263 138,463 132,988 380,705 474,271 542,382 610,919 474,271 542,382 610,919 688,931 1 1 1 (JHRA38) RESUME OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE ESTIMATED REVENUE: MISCELLANEOUS REV ENU E Interest Total Miscellaneous Revenue TRANSFERS FROM OTHER FUNDS E.D.A. Fund Transfers Total Transfers TOTAL REV ENU E EXPENDITURES Principal Interest Fiscal Agent Charges TOTAL EXPENDITURES Fund Balance January 1 Fund Balance December 31 ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER, MINNESOTA DEBT SERVICE BONDS OF 1985 1989 PROPOSED 1987 Estimated Estimated Estimated Actual 1988 1989 1990 Revenue Revenue Revenue Revenue 21, 20,000 20,000 20,000 21,409 20,000 326,890 .326,890 431,710 1 431,710 0$ 0$ 410,725 410,725 404 404 411,129 411,129 1 453,519 390,689 20,000 20,000 1 420,000 445,000 1 420,000 445,000 3 451,710 440,000 1 465,000 0 410,725 410 1 411,135 431,270 50,000 1 409,150 1 410 1 459,560 460,135 390,689 431,270 460,135 465,575