Land Bank Agency

LAND BANK MEETING June 6, 2017 3:30 p.m. East Conference Room City Hall 903 W. Main Blue Springs, Missouri 1) Call the meeting to order 2) Approval of the minutes of April 13, 2017 3) Discussion of Financial Statements o Christine Cates, Assistant City Administrator, will discuss the financial status of the Land Bank. Refer to attached financial statements. 4) Discussion and adoption of the budget o Karen Van Winkle, Director of Finance, will provide a budget summary. Refer to attached report from Karen Van Winkle. Adoption of the FY 2016-17 and 2017- 2018 budgets. 5) Discussion of new properties and classification determination o Jackson County deeded six parcels to the Land Bank from the 2016 Tax Sales. Staff held a meeting and discussed recommendations for those parcels. Jackie Sommer, City Attorney, will discuss those recommendations. Refer to attached parcel details. 6) Discussion and approval of easement agreement o Chris Sandie, Director of Public Works, will discuss a request from Sallee Homes, Inc. for a public sanitary sewer easement to be dedicated to the City of Blue Springs on Parcel 2016-03-41-800-03-02-01-5-00-000. Refer to attached memo and maps. 7) Discussion of Parcel 2013-38 o Jackie Sommer, City Attorney, will discuss this parcel as a neighbor complained about the poison ivy. This parcel is landlocked and the Land Bank may have to hire a contractor to eradicate the poison ivy. 8) Executive session – Privileged and confidential communications with counsel pursuant to Section 610.021(2), discussions of real estate transactions. 9) Adjournment  LAND BANK MINUTES April 13, 2017 PAGE 2 ADJOURNMENT At 4:30 p.m. there was no further business to come before the board; Chairman Johnson adjourned the meeting ___________________________________ ATTEST: Eric Johnson, Chair ____________________________ Liz Powers, Board Secretary  &,7<2)%/8(635,1*6 %$/$1&(6+((7/$1' %$1. ),6&$/<($5 )257+(3(5,2'(1'('0$5&+ &$7(*25< /$1'%$1. $66(76 &DVKDQGLQYHVWPHQWV  5HFHLYDEOHV QHWRIDOORZDQFHV 7D[HV  $FFRXQWV $FFUXHGLQWHUHVW  ,QWHUIXQGUHFHLYDEOHV  /DQG  3UHSDLGLWHPV  727$/$66(76  /,$%,/,7,(6 $FFRXQWVSD\DEOH  $FFUXHGOLDELOLWLHV  ,QWHUIXQGSD\DEOH  /RQJWHUPGHEW  727$//,$%,/,7,(6   )81'%$/$1&(6 5HVHUYHGIRU (QFXPEUDQFHV  8QDVVLJQHG  727$/)81'%$/$1&(6  727$//,$%,/,7,(6$1')81'%$/$1&(  3DJH 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The Land Bank of Blue Springs 2016-2017 and 2017-2018 fiscal year budgets are attached for your review and approval. The Land Bank currently holds 40 parcels of land as assets. Attached you will find a list of the parcels and the value of those parcels based upon the market value assigned by Jackson County. A list of the assets that have been transferred out of the Land Bank has been attached for your review as well. In March 2017 six parcels were transferred to the Land Bank. Included are three NID properties with total outstanding assessments of $671,587 and annual assessments of $111,931. On April 30, 2016, the Land Bank transferred ownership of two small parcels with a total market value of $970.00 These parcels will be taxable in 2017. The two parcels that were sold in 2015 (Conoco, Parcel #54-340-99-96-00-0-00-000 and Lot 10 Chapman Farms, Parcel #36-940-09-03-00-0-00-000) were taxed and payments received by the Land Bank for 2016. In addition to these two properties, the Land Bank also received two years of payments for the public works lift station located in the NID area. These amounts are reflected as property tax revenues in this proposed budget. The Land Bank will be asked to consider a resolution to transfer funds in the amount of $70,783 to the City of Blue Springs for the payment of past due South Area Neighborhood Improvement District special assessments. This amount is reflected as an expense in this FY2017 proposed budget. The FY2017 budget also includes expenditures of $76,115 for the following items: x Professional Services – Costs related to the removal of a large tree located on parcel #35-610-07-12-00-0-00-000 x Tax Collection Services – Jackson County withholds 1% of all taxes and assessments as a collection fee x Tax Collection Services – Land Bank – Jackson County is allowed by RSMo 141.988.1 to withhold 4% of taxes and assessments to cover additional costs associated with handling payments for land banks x Tax Assessment Services – Jackson County withholds 0.06% of real property taxes for assessing property values x Insurance Premiums & Bonds – Bonds for Land Bank Board members x Licenses, Fees and Permits – Annual subscription for GoDaddy.com The FY2018 budget is very comparable to the FY2017 budget. The main item to highlight in this budget is the expectation that four additional NID properties will be transferred to the Land Bank during the 2018 fiscal year. The parcels, currently owned by Excel Bank, reflect an outstanding NID assessment value of $975,111 and a market value of $97,866. Other Land Bank expenditures that are not included in the budget and that are paid by the City include office supplies, postage, and audit costs. The proposed budget may be amended throughout the year if additional property sales occur or additional expenditures are necessary.  LAND BANK ASSETS Acquisition NID Cost/Jackson County Outstanding Annual NID Acquisition Date Asset Number Parcel Number Market Value Notes Assessments Assessment 7/30/2013 000000002776 35-140-11-02-01-0-00-000 $ 7,497.00 7/30/2013 000000002771 35-230-03-64-00-0-00-000 $ 31,330.00 7/30/2013 000000002772 35-410-11-04-00-0-00-000 $ 11.00 7/30/2013 000000002754 35-430-03-39-00-0-00-000 $ 188.00 7/30/2013 000000002775 35-440-05-42-00-0-00-000 $ 18,330.00 7/30/2013 000000002773 35-510-06-12-01-0-00-000 $ 34,503.00 7/30/2013 000000002755 35-540-01-01-01-0-00-000 $ 25,360.00 7/30/2013 000000002774 35-630-05-11-00-0-00-000 $ 540.00 7/30/2013 000000002759 35-820-20-17-00-0-00-000 $ 1,373.00 7/30/2013 000000002769 36-240-08-69-00-0-00-000 $ 11.00 7/30/2013 000000002761 36-320-09-78-00-0-00-000 $ 8,560.00 7/30/2013 000000002766 36-330-06-45-00-0-00-000 $ 135.00 7/30/2013 000000002762 36-910-09-48-01-1-00-000 $ 178.00 7/30/2013 000000002763 36-940-13-14-01-0-00-000 $ 4,128.00 7/30/2013 000000002764 36-940-15-01-01-0-00-000 $ 17,763.00 7/30/2013 000000002770 41-340-02-11-00-0-00-000 $ 102.00 7/30/2013 000000002777 41-340-25-33-00-0-00-000 $ 492.00 7/30/2013 000000002778 42-120-08-49-00-0-00-000 $ 100.00 7/30/2013 000000002767 42-710-02-09-01-0-00-000 $ 11,365.00 11/27/2013 000000002809 35-610-04-68-00-0-00-000 $ 151.00 11/27/2013 000000002810 35-610-07-12-00-0-00-000 $ 9.00 11/27/2013 000000002813 35-810-11-37-00-0-00-000 $ 2,162.00 11/27/2013 000000002815 41-220-05-24-00-0-00-000 $ 10.00 11/27/2013 000000002816 41-220-05-32-00-0-00-000 $ 10.00 11/27/2013 000000002817 41-220-05-60-00-0-00-000 $ 10.00 11/27/2013 000000002818 41-310-18-37-02-0-00-000 $ 255.00 11/27/2013 000000002819 42-610-03-84-01-0-00-000 $ 56.00 3/25/2014 000000002836 54-410-99-10-00-0-00-000 $ 2,040.00 $ 37,562.16 $ 4,695.27 3/25/2014 000000002834 54-420-06-99-00-0-00-000 $ 2,809.00 $ 95,086.48 $ 11,885.81 3/25/2014 000000002835 54-420-98-03-01-0-00-000 $ 5,998.00 $ 203,152.00 $ 25,394.00 5/1/2015 000000002970 41-410-17-20-01-0-00-000 $ 2,689.00 5/1/2015 000000002967 36-130-26-04-00-0-00-000 $ 35,720.00 5/1/2015 000000002968 54-330-97-03-00-0-00-000 $ 3,342.00 $ 74,355.05 $ 10,622.15 5/1/2015 000000002969 54-330-98-02-01-0-00-000 $ 14,907.00 $ 309,725.15 $ 44,246.45 3/27/2017 000000003197 41-940-99-01-01-0-00-000 $ 51,739.00 NID - Platz $ 406,582.62 $ 67,763.77 3/27/2017 000000003198 41-800-03-02-01-5-00-000 $ 11,562.00 NID - Platz $ 90,865.26 $ 15,144.21 3/27/2017 000000003199 41-820-04-09-00-0-00-000 $ 10,238.00 NID - Platz $ 174,139.86 $ 29,023.31 3/27/2017 000000003200 41-920-07-40-00-0-00-000 $ 25,537.00 Southgate Hills 10th Lot 246 3/27/2017 000000003201 35-510-05-14-00-0-00-000 $ 125,300.00 Blue Springs Hotel Group - 1st Plat Lot 1 3/27/2017 000000003202 36-910-16-27-02-0-00-000 $ 300.00 ...Sunny Side Slopes Amended Plat... Total Assets: $ 456,810.00 Total $ 1,391,468.58 $ 208,774.97 ASSETS TO BE TRANSFERRED TO LAND BANK IN FY2018 NID Outstanding Annual NID Date of Sale Parcel Number Market Value Owner Assessments Assessment AUGUST 2017 SALE 41-700-03-03-00-0-00-000 $ 15,350.00 NID - Excel Bank $ 130,241.12 $ 32,560.28 AUGUST 2017 SALE 54-200-04-10-00-0-00-000 $ 23,358.00 NID - Excel Bank $ 257,456.56 $ 64,364.14 AUGUST 2017 SALE 54-100-02-03-00-0-00-000 $ 19,005.00 NID - Excel Bank $ 170,241.76 $ 42,560.44 AUGUST 2017 SALE 54-200-01-08-00-0-00-000 $ 39,432.00 NID - Excel Bank $ 417,172.04 $ 104,293.01 Total $ 975,111.48 $ 243,777.87  RETIRED LAND BANK ASSETS Acquisition Cost/Jackson NID Acquisition Date Asset Number Parcel Number County Market Value Retirement Date Notes Total Paid Assessment 3/25/2014 000000002832 LAND 54-340-99-96-00-0-00-000 $ 24,919.00 11/30/2015 NID - Lot 10 Chapman Farms $ 62,048.28 $ 61,769.18 3/25/2014 000000002833 LAND 54-340-99-99-00-0-00-000 $ 10.00 8/1/2014 NID - Public Works Lift Station - Paid two years $ 12,739.68 $ 12,739.68 7/30/2013 000000002756 LAND 35-630-01-58-03-0-00-000 $ 8,178.00 6/18/2014 Transferred to City - Exempt 7/30/2013 000000002768 LAND 35-630-09-06-01-0-00-000 $ 134.00 6/18/2014 Transferred to City - Exempt 7/30/2013 000000002757 LAND 35-710-19-13-00-0-00-000 $ 5,316.00 6/18/2014 Transferred to City - Exempt 7/30/2013 000000002758 LAND 35-820-20-05-00-0-00-000 $ 1,468.00 6/18/2014 Transferred to City - Exempt 7/30/2013 000000002760 LAND 35-830-01-01-00-0-00-000 $ 509.00 8/1/2014 Transferred to City - Exempt 7/30/2013 000000002765 LAND 41-220-04-55-00-0-00-000 $ 20,000.00 6/18/2014 Transferred to City - Exempt 11/27/2013 000000002811 LAND 35-620-05-01-03-0-00-000 $ 170.00 4/30/2016 Transferred - Long - Taxable in 2017 11/27/2013 000000002812 LAND 35-720-08-98-02-0-00-000 $ 807.00 4/30/2016 Transferred - Zellmer - Taxable in 2017 11/27/2013 000000002814 LAND 36-940-09-03-00-0-00-000 $ 5,980.00 9/30/2015 Conoco $ 198.01 Total Retirements: $ 67,491.00 Total $ 74,985.97 $ 74,508.86 Revenue Budget Summary Land Bank NID - Lot 10 Chapman Farms - sold and currently paying taxes to Land Bank 2015-16 2015-16 2016-17 2012-13 2013-14 2014-15 $ Change % Change Account Account Description Adopted Year-End Budget Actual Actual Actual from 2016 from 2016 Budget Projection Request - 770.00000.401100.000 PROPERTY TAX - CURRENT - - - - - 74,986 74,986 0% Total Taxes - - - - - 74,986 74,986 0% - - - - - - - 0% Total Licenses and Permits - - - - - - - 0% - - - - - - - 0% Total Intergovernmental - - - - - - - 0% 770.00000.430100.000 PURCHASE APPLICATION FEE - 25 25 - - - - 0% Total Charges for Service - 25 25 - - - - 0% - - - - - - - 0% Total Fines and Penalties - - - - - - - 0% 770.00000.450100.000 INTEREST INCOME 79 79 0% 770.00000.450521.000 INTEREST - DELINQUENT PROPERTY TAX - - - - - 3 3 0% Total Interest Earnings - - - - - 82 82 0% 770.00000.460300.000 SALE OF LAND & BUILDINGS - - - 349,440 356,130 - (349,440) -100% 770.00000.460610.000 CHAPMAN FARM LEASE - 1,200 1,062 - - - - 0% Total Sales & Rentals - 1,200 1,062 349,440 356,130 - (349,440) -100% 770.00000.480999.000 CONTRIBUTED CAPITAL - LAND BANK 197,571 45,396 56,658 - - 224,676 224,676 0% Total Other Income 197,571 45,396 56,658 - - 224,676 224,676 0% - - - - - - - 0% Total Operating Transfers In - - - - - - - 0% TOTAL LAND BANK REVENUES 197,571 46,621 57,745 349,440 356,130 299,744 (49,697) -14.22% 2015-16 2015-16 Year 2016-17 2012-13 2013-14 2014-15 $ Change % Change Adopted End Budget Actual Actual Actual from 2016 from 2016 Budget Projection Request U:\Financial Reporting\Land Bank of Blue Springs\Land Bank Budget\2017_770 Land Bank Budget 2017.05.24.Final.xls 2017_770 Land Bank Budget 2017.05.24.Final.xls Revenue Summary Expenditure Budget Summary Land Bank 2015-16 2015-16 2016-17 2012-13 2013-14 2014-15 $ Change % Change Account Account Description Adopted Year-End Budget Actual Actual Actual from 2016 from 2016 Budget Projection Request 770.00000.520100.000 OFFICE SUPPLIES - - - - - - - 0% 770.00000.520300.000 POSTAGE - - - - - - - 0% Total Supplies and Materials - - - - - - - 0% 770.00000.530100.000 PROFESSIONAL SERVICES - - - 339 380 1,000 661 195% 770.00000.530120.000 LEGAL SERVICES - - - - - - - 0% 770.00000.530150.000 AUDIT SERVICES - - - - - - - 0% 770.00000.530200.000 TAX COLLECTION SERVICES - - - - - 750 750 0% 770.00000.530201.000 TAX COLLECTION SERVICES - LAND BANK 4% - - - - - 2,999 2,999 0% 770.00000.530210.000 TAX ASSESSMENT SERVICES - - - - - 3 3 0% 770.00000.530300.000 TRAINING AND EDUCATION - - - - - - - 0% 770.00000.530330.000 MEETING & BUSINESS EXPENSES - - - - - - - 0% 770.00000.530350.000 DUES & MEMBERSHIPS - - - - - - - 0% 770.00000.530410.000 INSURANCE PREMIUMS & BONDS - - - - - 500 500 0% 770.00000.530700.000 PRINTING & DUPLICATING - - - - - - - 0% 770.00000.530750.000 ADVERTISING & PROMOTION - - - - 169 - - 0% 770.00000.530800.000 LICENSES, FEES & PERMITS - 284 - 33 81 80 47 142% Total Contractual Services - 284 - 372 630 5,332 4,960 1333% 770.00000.540100.000 LAND - - - - - - - 0% 770.00000.54900.000 GAIN/LOSS ON SALE OF LAND - 35,615 - - 25,896 - - 0% Total Capital Outlay - 35,615 - - 25,896 - - 0% 770.00000.550470.000 TRANSFER TO CITY FOR DS PAYMENTS - NID - - - 351,439 349,039 70,783 (280,656) 0% - - - - - - - 0% Total Operating Transfers Out - - - 351,439 349,039 70,783 (280,656) 0% TOTAL LAND BANK EXPENSES - 35,899 - 351,811 375,565 76,115 (275,696) 1333% 2015-16 2015-16 Year- 2016-17 2012-13 2013-14 2014-15 $ Change % Change Adopted End Budget Actual Actual Actual from 2016 from 2016 Budget Projection Request  Expenditure Budget Summary Department Cost Center Category Account Number Account Name Budget Item Explanation Budget Request Prior Year Budget Land Bank Materials & Supplies 770.00000 520100.000 OFFICE SUPPLIES Miscellaneous Office Supplies Currently paid by the City $ - $ - Land Bank Materials & Supplies 770.00000 520300.000 POSTAGE Postage Expense Currently paid by the City $ - $ - TOTAL MATERIALS & SUPPLIES $ - $ - Payments to Jackson County Recorder of Deeds & to title companies as well as background checks for the sale of properties. Land Bank Contracted Supplies 770.00000 530100.000 PROFESSIONAL SERVICES Removal of Tree $ 1,000.00 $ 339 00 Land Bank Contracted Supplies 770.00000 530120.000 LEGAL SERVICES $ - $ - Included as a component unit in the City's CAFR - No separate fee paid by Land Bank Contracted Supplies 770.00000 530150.000 AUDIT SERVICES Annual Audit - RSM the Lank Bank at this time $ - $ - Included in tax distribution payments Land Bank Contracted Supplies 770.00000 530200.000 TAX COLLECTION SERVICES 1% Collection Fee by County received each Friday from the County $ 750.00 $ - 4% Collection Fee per RSMo 144.988 by County for Land Bank Included in tax distribution payments Land Bank Contracted Supplies 770.00000 530201.000 TAX COLLECTION SERVICES - LAND BANK 4% properties received each Friday from the County $ 2,999.00 $ - Included in tax distribution payments Land Bank Contracted Supplies 770.00000 530210.000 TAX ASSESSMENT SERVICES 0.6% Assessment Fee by County received each Friday from the County $ 3.00 Land Bank Contracted Supplies 770.00000 530300.000 TRA NING AND EDUCATION $ - Land Bank Contracted Supplies 770.00000 530330.000 MEETING & BUS NESS EXPENSES $ - Land Bank Contracted Supplies 770.00000 530350.000 DUES & MEMBERSHIPS $ - Land Bank Contracted Supplies 770.00000 530410.000 INSURANCE PREMIUMS & BONDS Bonds for Board Members Truss $ 500.00 Land Bank Contracted Supplies 770.00000 530700.000 PRINTING & DUPLICAT NG Land Bank Contracted Supplies 770.00000 530750.000 ADVERTIS NG & PROMOTION Website fee & other licenses as Land Bank Contracted Supplies 770.00000 530800.000 LICENSES, FEES & PERMITS needed GoDaddy com $ 80.00 TOTAL CONTRACTUAL SERVICES $ 5,332.00 $ - Land Bank Capital Outlay 770.00000 540100.000 LAND Land Bank Capital Outlay 770.00000 54900.000 GAIN/LOSS ON SALE OF LAND TOTAL CAPITAL OUTLAY $ - $ - N D Properties N D Assessment Only - Land Bank Operating Tansfers Out 770.00000 550470.000 TRANSFER TO CITY FOR DS PAYMENTS - NID less 1% & 4% fees $ 70,783.00 TOTAL OPERATING TRANSFERS OUT $ 70,783.00 TOTAL EXPENDITURES LAND BANK $ 76,115.00 Revenue Budget Summary Land Bank 2016-17 Adopted 2016-17 2017-18 2013-14 2014-15 Budget $ Change % Change Account Account Description 2015-16 Actual Year-End Budget Actual Actual (Pending from 2017 from 2017 Projection Request approval by Board) - 770.00000.401100.000 PROPERTY TAX - CURRENT - - - 74,986 74,986 75,006 20 0% Total Taxes - - - 74,986 74,986 75,006 20 0% - - - - - - - 0% Total Licenses and Permits - - - - - - - 0% - - - - - - - 0% Total Intergovernmental - - - - - - - 0% 770.00000.430100.000 PURCHASE APPLICATION FEE 25 25 - - - - - 0% Total Charges for Service 25 25 - - - - - 0% - - - - - - - 0% Total Fines and Penalties - - - - - - - 0% 770.00000.450100.000 NTEREST INCOME 79 79 79 770.00000.450521.000 NTEREST - DELINQUENT PROPERTY TAX - - - 3 3 - (3) -100% Total Interest Earnings - - - 82 82 79 (3) -4% 770.00000.460300.000 SALE OF LAND & BUILDINGS - - 356,130 - - - - 0% 770.00000.460610.000 CHAPMAN FARM LEASE 1,200 1,062 - - - - - 0% Total Sales & Rentals 1,200 1,062 356,130 - - - - 0% 770.00000.480999.000 CONTR BUTED CAPITAL - LAND BANK 45,396 56,658 - 224,676 224,676 97,866 (126,810) -56% Total Other Income 45,396 56,658 - 224,676 224,676 97,866 (126,810) -56% - - - - - - - 0% Total Operating Transfers In - - - - - - - 0% TOTAL LAND BANK REVENUES 46,621 57,745 356,130 299,744 299,744 172,951 (126,793) -42.30% 2016-17 Adopted 2016-17 Year 2017-18 2013-14 2014-15 Budget $ Change % Change 2015-16 Actual End Budget Actual Actual (Pending from 2017 from 2017 Projection Request approval by Board) NID Parcels to be sold by the County in August 2017 - will likely go to Land Bank TOTAL N D MARKET ASSESSMENT TOTAL TAXES NID ASSMT. VALUE OUTSTANDING 41-700-03-03-00-0-00-000 $ 32,724 37 $ 32,560.28 $ 15,371.00 $ 130,241.12 54-200-01-08-00-0-00-000 $ 104,727 20 $ 104,293.01 $ 40,132.00 $ 417,172.04 54-100-02-03-00-0-00-000 $ 42,769.74 $ 42,560.44 $ 19,005.00 $ 170,241.76 54-200-04-10-00-0-00-000 $ 64,611.41 $ 64,364.14 $ 23,358.00 $ 257,456.56 Total $ 244,832.72 $ 243,777.87 $ 97,866.00 $ 975,111.48 U:\Financial Reporting\Land Bank of Blue Springs\Land Bank Budget\2018_770 Land Bank Budget 2017 05 24 Final.xls 2018_770 Land Bank Budget 2017.05.24.Final.xls Revenue Summary Expenditure Budget Summary Land Bank 2016-17 Adopted 2016-17 2017-18 2013-14 2014-15 2015-16 Budget $ Change % Change Account Account Description Year-End Budget Actual Actual Actual (Pending from 2017 from 2017 Projection Request approval by Board) 770.00000.520100.000 OFFICE SUPPLIES - - - - - - - 0% 770.00000.520300.000 POSTAGE - - - - - - - 0% Total Supplies and Materials - - - - - - - 0% 770.00000.530100.000 PROFESSIONAL SERVICES - - 380 1,000 1,000 - (1,000) -100% 770.00000.530120.000 LEGAL SERVICES - - - - - - - 0% 770.00000.530150.000 AUDIT SERVICES - - - - - - - 0% 770.00000.530200.000 TAX COLLECTION SERVICES - - - 750 750 750 (0) 0% 770.00000.530201.000 TAX COLLECTION SERVICES - LAND BANK 4% - - - 2,999 2,999 3,000 1 0% 770.00000.530210.000 TAX ASSESSMENT SERVICES - - - 3 3 3 (0) -5% 770.00000.530300.000 TRAINING AND EDUCATION - - - - - - - 0% 770.00000.530330.000 MEETING & BUSINESS EXPENSES - - - - - - - 0% 770.00000.530350.000 DUES & MEMBERSHIPS - - - - - - - 0% 770.00000.530410.000 INSURANCE PREMIUMS & BONDS - - - 500 500 500 - 0% 770.00000.530700.000 PRINTING & DUPLICATING - - - - - - - 0% 770.00000.530750.000 ADVERTISING & PROMOTION - - 169 - - - - 0% 770.00000.530800.000 LICENSES, FEES & PERMITS 284 - 81 80 80 80 - 0% Total Contractual Services 284 - 630 5,332 5,332 4,333 (999) -19% 770.00000.540100.000 LAND - - - - - - - 0% 770.00000.54900.000 GAIN/LOSS ON SALE OF LAND 35,615 - 25,896 - - - - 0% Total Capital Outlay 35,615 - 25,896 - - - - 0% 770.00000.550470.000 TRANSFER TO CITY FOR DS PAYMENTS - NID - - 349,039 70,783 70,783 70,783 - 0% - - - - - - - 0% Total Operating Transfers Out - - 349,039 70,783 70,783 70,783 - 0% TOTAL LAND BANK EXPENSES 35,899 - 375,565 76,115 76,115 75,116 (999) -19% 2016-17 Adopted 2016-17 Year- 2017-18 2013-14 2014-15 2015-16 Budget $ Change % Change End Budget Actual Actual Actual (Pending from 2017 from 2017 Projection Request approval by Board) U:\Financial Reporting\Land Bank of Blue Springs\Land Bank Budget\2018_770 Land Bank Budget 2017.05.24.Final.xls 2018_770 Land Bank Budget 2017.05.24.Final.xls Expenditure Summary  Expenditure Budget Summary Department Cost Center Category Account Number Account Name Budget Item Explanation Budget Request Prior Year Budget Land Bank Materials & Supplies 770 00000.520100.000 OFFICE SUPPLIES Miscellaneous Office Supplies Currently paid by the City $ - $ - Land Bank Materials & Supplies 770 00000.520300.000 POSTAGE Postage Expense Currently paid by the City $ - $ - TOTAL MATERIALS & SUPPLIES $ - $ - Payments to Jackson County Recorder of Deeds & to title companies as well as background checks for the sale of properties. Land Bank Contracted Supplies 770 00000.530100.000 PROFESSIONAL SERVICES Removal of Tree $ - $ 1,000.00 Land Bank Contracted Supplies 770 00000.530120.000 LEGAL SERVICES $ - $ - Included as a component unit in the City's CAFR - No separate fee paid Land Bank Contracted Supplies 770 00000.530150.000 AUDIT SERVICES Annual Audit - RSM by the Lank Bank at this time $ - $ - Included in tax distribution payments Land Bank Contracted Supplies 770 00000.530200.000 TAX COLLECTION SERVICES 1% Collection Fee by County received each Friday from the County $ 750.00 $ 750.00 4% Collection Fee per RSMo 144.988 by County for Land Bank Included in tax distribution payments Land Bank Contracted Supplies 770 00000.530201.000 TAX COLLECTION SERVICES - LAND BANK 4% properties received each Friday from the County $ 3,000.00 $ 2,999.00 Included in tax distribution payments Land Bank Contracted Supplies 770 00000.530210.000 TAX ASSESSMENT SERVICES 0 6% Assessment Fee by County received each Friday from the County $ 3 00 $ 3.00 Land Bank Contracted Supplies 770 00000.530300.000 TRAIN NG AND EDUCATION $ - Land Bank Contracted Supplies 770 00000.530330.000 MEETING & BUSINESS EXPENSES $ - Land Bank Contracted Supplies 770 00000.530350.000 DUES & MEMBERSH PS $ - Land Bank Contracted Supplies 770 00000.530410.000 INSURANCE PREMIUMS & BONDS Bonds for Board Members Truss $ 500 00 $ 500.00 Land Bank Contracted Supplies 770 00000.530700.000 PRINT NG & DUPLICATING Land Bank Contracted Supplies 770 00000.530750.000 ADVERTISING & PROMOTION Website fee & other licenses as Land Bank Contracted Supplies 770 00000.530800.000 LICENSES, FEES & PERMITS needed GoDaddy.com $ 80 00 $ 80.00 TOTAL CONTRACTUAL SERVICES $ 4,333.00 $ 5,332.00 Land Bank Capital Outlay 770 00000.540100.000 LAND Land Bank Capital Outlay 770 00000.54900.000 GA N/LOSS ON SALE OF LAND TOTAL CAPITAL OUTLAY $ - $ - N D Properties NID Assessment Only Land Bank Operating Tansfers Out 770 00000.550470.000 TRANSFER TO CITY FOR DS PAYMENTS - 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