Land Bank Agency

LAND BANK BOARD MEETING April 15, 2019 3:00 p.m. Administration Conference Room City Hall, 903 W Main Street Blue Springs, Missouri 64015 1. Approval of February 19, 2019 Land Bank Board Meeting Minutes 2. Land Bank Quarterly Financial Statements 3. Executive Session – Discussion relating to litigation and real estate pursuant to Sections 610.021 (1) and (2), RSMo Posted Friday, April 12, 2019 at City Hall, 903 W Main Street, Blue Springs, MO 64015 and on the City’s website. Julia Porter Board Secretary  CITY OF BLUE SPRINGS, MISSOURI MINUTES OF LAND BANK MEETING MARCH 18, 2019 A meeting of the Land Bank of Blue Springs, Missouri was held on Monday, March 18, 2019 at 3:00 p.m. in the Council Executive Conference Room of the Howard L Brown Public Safety Building, 1100 SW Smith Street, Blue Springs, Missouri with Chairman Johnson presiding. COMMISSIONERS IN Eric Johnson Tracy White Baldridge ATTENDANCE James May Jim Fairbanks Kirk Sampson – Arrived at 3:07 p.m. Also present were Staff Liaisons Christine Cates; Chris Sandie; Tom Cole; Karen Van Winkle; Lance Dillenschneider, Realtor; and Board Secretary Julia Porter. CALL TO ORDER Chairman Johnson called the Land Bank meeting to order at 3:00 p.m. APPROVE BOARD Commissioner May moved to approve the minutes of the February 19, MINUTES 2019 meeting of the Land Bank of Blue Springs. Motion seconded by Commissioner White-Baldridge and carried unanimously. BOARD DISCUSSION – Board Secretary Julia Porter presented the results of the 2019 Farm 2019 FARM LEASE BID Lease Bid Opening held on Thursday, March 14, 2019 at 2:00 p.m. RESPONSES The bid responses are attached to these minutes. APPROVAL OF FARM Commissioner Fairbanks moved to approve a Farm Lease with LLS LEASE FOR PARCELS Chapman Farms, LLC in the amount of $ 10,087.00 for the following 2017-03, 2017-04, parcels: 2017-05, AND 2017-06 • 2017-03-41-700-03-03-00-0-00-000 • 2017-04-54-100-02-03-00-0-00-000 • 2017-05-54-200-01-08-00-0-00-000 • 2017-06-54-200-04-10-00-0-00-000 Motion seconded by Commissioner May and carried unanimously. A copy of the Lease is attached to these minutes. APPROVAL OF FARM Commissioner May moved to approve a Farm Lease with LLS LEASE FOR PARCEL Chapman Farms, LLC in the amount of $ 181.00 for the following 2014-05 parcel: • 2014-05-54-420-98-03-01-0-00-000 Motion seconded by Commissioner Fairbanks and carried unanimously. A copy of the Lease is attached to these minutes. LAND BANK REPORT Board Secretary Julia Porter presented The Land Bank Report 2013- 2013-2018 2018. The Land Bank Report 2013-2018 is attached to these minutes and is posted on the Land Bank’s webpage. EXECUTIVE SESSION At 3:14 p.m., Commissioner May moved that the Land Bank go into executive session pursuant to Section 610.021, subparagraph (2), Revised Statues of Missouri, for the purpose of privileged communications between a governmental body or its representative and legal counsel relating to real estate, and that any minutes, documents, and other records discussed or taken during the executive session remain closed, and at the conclusion of the executive session the Board shall stand adjourned. Motion seconded by Commissioner Fairbanks and carried with the following votes: White-Baldridge – Aye Fairbanks – Aye May – Aye Johnson – Aye Sampson – Aye ______________________________ Eric Johnson, Chair ________________________ Julia Porter, Board Secretary  CITY OF BLUE SPRINGS BALANCE SHEET - LAND BANK FISCAL YEAR 2018-19 FOR THE PERIOD ENDED - MARCH 31, 2019 CATEGORY LAND BANK ASSETS Cash and investments $ 601,037 Receivables (net of allowances Taxes - Accounts Accrued interest - Interfund receivables - Land 333,038 Prepaid items - TOTAL ASSETS $ 934,075 LIABILITIES Accounts payable $ 20,170 Accrued liabilities - Interfund payable - Long term debt - TOTAL LIABILITIES $ 20,170 FUND BALANCES Reserved for: Encumbrances - Unassigned 913,905 TOTAL FUND BALANCES $ 913,905 TOTAL LIABILITIES AND FUND BALANCE $ 934,075 Page 1  CITY OF BLUE SPRINGS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - LAND BANK FISCAL YEAR 2018-19 FOR THE PERIOD ENDED - MARCH 31, 2019 CATEGORY LAND BANK REVENUES: Farm Lease $ 10,268 Sale of Land 440,000 Property Taxes 104,937 Interest 6,366 Contributed Capital - Land - Other 75 TOTAL REVENUES $ 561,646 EXPENDITURES: Current: Personal Services - Materials & Supplies - Contractual Services 33,973 Capital Outlay - Capital Improvements - Debt service: - Principal retirement - Interest and fiscal charges - TOTAL EXPENDITURES $ 33,973 Excess of revenues over (under) expenditures $ 527,673 OTHER FINANCING SOURCES (USES): Issuance of bonds - Discount on bond issuance Loss on sale of asset (53,130) Transfers in Transfers (out) - TOTAL OTHER FINANCING SOURCES (USES) $ (53,130) NET CHANGE IN FUND BALANCES 474,543 FUND BALANCES - OCTOBER 1, 2018 $ 439,362 FUND BALANCES - MARCH 31, 2019 $ 913,905 Page 2