Land Bank Agency

LAND BANK BOARD MEETING August 17, 2020 3:00 p.m. Public Telephone Conference (816) 743-4875 - Conference ID: 512 211 815# 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: 512 211 815#) 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. Consideration of the May 18, 2020 Land Bank Board Meeting Minutes 2. Appointment of Chair, Vice Chair, and Treasurer 3. Quarterly Financial Statements 4. Update on 2020 Tax Sale 5. Executive Session – Discussion relating to real estate pursuant to Sections 610.021(2) RSMo Posted Thursday, August 13, 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 MAY 18, 2020 A meeting of the Land Bank of Blue Springs, Missouri was held on Monday, May 18, 2020 at 3:00 p.m. with Chairman Johnson presiding. A State of Emergency for Jackson County, Missouri was declared on March 12, 2020 and subsequent amendments by Jackson County Executive Order requiring residents to stay at home and limiting public gatherings to reduce the spread of the COVID-19 virus. As provided in Sections 610.020(1) and 610.020(4) RSMo., the Land Bank Commissioners participated in this meeting via telephone conference to ensure safe social distancing measures were taken. The public was able to attend via telephone conference. CONFIRMATION OF A Eric Johnson Kirk Sampson QUORUM – James May Jim Fairbanks COMMISSIONERS IN ATTENDANCE Also present were Staff Liaisons Christine Cates; Jackie Sommer, 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 3:05 p.m. APPROVE BOARD Commissioner Fairbanks moved to approve the minutes of the MINUTES February 20, 2020 meeting of the Land Bank of Blue Springs. Motion seconded by Commissioner May and carried with the following votes: May – Aye Fairbanks – Aye Sampson – Aye Johnson – Aye White-Baldridge – ABSENT LAND BANK Christine Cates presented the Land Bank Quarterly Financial QUARTERLY FINANCIAL Statements for the Second Quarter of Fiscal Year 2019-20. The STATEMENTS Financial Statements are attached to these minutes and incorporated hereto. May 18, 2020 Land Bank Minutes Page 2 EXECUTIVE SESSION At 3:08 p.m., Commissioner Sampson moved that the Land Bank go into closed session pursuant to Section 610.021, subparagraph (2), Revised Statutes of Missouri, for the purpose of privileged communications between a governmental body or its representative and legal counsel including 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 Fairbanks and carried with the following votes: May – Aye Fairbanks – Aye Sampson – Aye Johnson – Aye White-Baldridge – ABSENT ______________________________ Eric Johnson, Chair ________________________ Julia Porter, Board Secretary  CITY OF BLUE SPRINGS BALANCE SHEET - LAND BANK FISCAL YEAR 2019-20 FOR THE PERIOD ENDED - JUNE 30, 2020 CATEGORY LAND BANK ASSETS Cash and investments $ 138,099 Receivables (net of allowances Taxes - Accounts Accrued interest - Interfund receivables - Land 313,416 Prepaid items - TOTAL ASSETS $ 451,515 LIABILITIES Accounts payable $ 38,170 Accrued liabilities - Interfund payable - Long term debt - TOTAL LIABILITIES $ 38,170 FUND BALANCES Reserved for: Encumbrances - Unassigned 413,345 TOTAL FUND BALANCES $ 413,345 TOTAL LIABILITIES AND FUND BALANCE $ 451,515 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 - JUNE 30, 2020 CATEGORY LAND BANK REVENUES: Farm Lease $ 12,839 Sale of Land 2,024 Property Taxes 48,835 Interest 796 Contributed Capital - Land - Other 5 TOTAL REVENUES $ 64,498 EXPENDITURES: Current: Personal Services - Materials & Supplies - Contractual Services 432,809 Capital Outlay - Capital Improvements - Debt service: - Principal retirement - Interest and fiscal charges - TOTAL EXPENDITURES $ 432,809 Excess of revenues over (under) expenditures $ (368,311) OTHER FINANCING SOURCES (USES): Issuance of bonds - Discount on bond issuance Loss on sale of asset (1,373) Transfers in Transfers (out) - TOTAL OTHER FINANCING SOURCES (USES) $ (1,373) NET CHANGE IN FUND BALANCES (369,684) FUND BALANCES - OCTOBER 1, 2019 $ 783,029 FUND BALANCES - JUNE 30, 2020 $ 413,345 Page 2