Land Bank Agency

LAND BANK BOARD MEETING May 18, 2020 3:00 p.m. Public Telephone Conference (816) 743-4875 - Conference ID: 585 544 896# PLEASE NOTE: Pursuant to Jackson County Executive Order dated March 12, 2020 and subsequent amendments requiring residents to stay at home and limiting public gatherings, this meeting will be conducted by taking safe social distancing measures as required by the Order. For this meeting, the public may attend via telephone conference (816-743-4875, Conference ID: 585 544 896#) as provided in Section 610.020(4) RSMo. Members of the Land Bank will be participating via telephone conference as provided in Section 610.020(1) RSMo. 1. Approval of the February 20, 2020 Land Bank Board Meeting Minutes 2. Quarterly Financial Statements 3. Executive Session – Discussion relating to real estate pursuant to Sections 610.021(2) RSMo Posted Friday, May 15, 2020 at City Hall, 903 W Main Street, Blue Springs, MO and on the City’s website. A quorum of the City Council may be in attendance, however no City Council votes will be taken. Julia Porter Board Secretary  CITY OF BLUE SPRINGS, MISSOURI MINUTES OF LAND BANK MEETING FEBRUARY 20, 2020 A meeting of the Land Bank of Blue Springs, Missouri was held on Thursday, February 20, 2020 at 3:00 p.m. in the Administration Conference Room 225 of City Hall, 903 W Main Street, Blue Springs, Missouri with Chairman Johnson presiding. COMMISSIONERS IN Eric Johnson Tracy White-Baldridge ATTENDANCE James May Jim Fairbanks Kirk Sampson – Arrived at 3:04 p.m. Also present were Staff Liaisons Christine Cates; Jackie Sommer, Chris Sandie; Karen Van Winkle; Mike Mallon; Lance Dillenschneider, realtor and Board Secretary Julia Porter. CALL TO ORDER Chairman Johnson called the Land Bank meeting to order at 3:03 p.m. APPROVE BOARD Commissioner Fairbanks moved to approve the minutes of the MINUTES January 23, 2020 meeting of the Land Bank of Blue Springs. Motion seconded by Commissioner May and carried unanimously. EXECUTIVE SESSION At 3:04 p.m., Commissioner May moved that the Land Bank go into closed session pursuant to Section 610.021, subparagraph (1) and (2), Revised Statutes of Missouri, for the purpose of privileged communications between a governmental body or its representative and legal counsel including litigation and real estate, and that any minutes, documents and other records discussed or taken during the closed session remain closed, and that this body stand adjourned at the completion of such session. Motion seconded by Commissioner White-Baldridge 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 2019-20 FOR THE PERIOD ENDED - MARCH 31, 2020 CATEGORY LAND BANK ASSETS Cash and investments $ 136,019 Receivables (net of allowances Taxes - Accounts Accrued interest - Interfund receivables - Land 314,789 Prepaid items - TOTAL ASSETS $ 450,808 LIABILITIES Accounts payable $ 38,170 Accrued liabilities - Interfund payable - Long term debt - TOTAL LIABILITIES $ 38,170 FUND BALANCES Reserved for: Encumbrances - Unassigned 412,638 TOTAL FUND BALANCES $ 412,638 TOTAL LIABILITIES AND FUND BALANCE $ 450,808 Page 1  CITY OF BLUE SPRINGS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - LAND BANK FISCAL YEAR 2019-20 FOR THE PERIOD ENDED - MARCH 31, 2020 CATEGORY LAND BANK REVENUES: Farm Lease $ 12,839 Sale of Land - Property Taxes 48,835 Interest 575 Contributed Capital - Land - Other - TOTAL REVENUES $ 62,249 EXPENDITURES: Current: Personal Services - Materials & Supplies - Contractual Services 432,640 Capital Outlay - Capital Improvements - Debt service: - Principal retirement - Interest and fiscal charges - TOTAL EXPENDITURES $ 432,640 Excess of revenues over (under) expenditures $ (370,391) OTHER FINANCING SOURCES (USES): Issuance of bonds - Discount on bond issuance Loss on sale of asset - Transfers in Transfers (out) - TOTAL OTHER FINANCING SOURCES (USES) $ - NET CHANGE IN FUND BALANCES (370,391) FUND BALANCES - OCTOBER 1, 2019 $ 783,029 FUND BALANCES - MARCH 31, 2020 $ 412,638 Page 2