Land Bank Agency

LAND BANK BOARD MEETING January 21, 2021 3:00 p.m. Public Telephone Conference (816) 743-4875 - Conference ID: 933 640 543# 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: 933 640 543#) 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 November 16, 2020 Land Bank Board Meeting Minutes 2. Quarterly Financial Statements 3. Informational Item: 2021 Bid Schedule for Farm Leases and Realtor services 4. Executive Session – Discussion relating to real estate pursuant to Sections 610.021(2) RSMo Posted Thursday, January 15, 2021 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 NOVEMBER 16, 2020 A meeting of the Land Bank of Blue Springs, Missouri was held on Monday, November 16, 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 QUORUM – Tracy White-Baldridge COMMISSIONERS IN Jim Fairbanks ATTENDANCE Also present were Staff Liaisons Christine Cates; Jackie Sommer, Karen Van Winkle, Chris Sandie; Mike Mallon; 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 Fairbanks moved to approve the minutes of the MINUTES October 19, 2020 meeting of the Land Bank of Blue Springs. Motion seconded by Commissioner White-Baldridge and carried with the following votes: May – ABSENT Fairbanks – Aye Sampson – ABSENT Johnson – Aye White-Baldridge – Aye INFORMATIONAL ITEM: Chairman Johnson informed the Board that the Land Bank Annual ANNUAL REPORT Report 2019-20 was presented to the Blue Springs City Council on PRESENTED TO CITY November 2, 2020. This report was previously presented to the Land COUNCIL Bank Commissioners on October 19, 2020. CANCELLATION OF Chairman Johnson advised the Board that the Land Bank meeting DECEMBER MEETING scheduled for December 21, 2020 may be cancelled because it falls the same week as the Christmas holiday. November 16, 2020 Land Bank Minutes Page 2 EXECUTIVE SESSION At 3:05 p.m., Commissioner Fairbanks 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 White-Baldridge and carried with the following votes: May – ABSENT Fairbanks – Aye Sampson – ABSENT Johnson – Aye White-Baldridge – Aye ______________________________ Eric Johnson, Chair ________________________ Julia Porter, Board Secretary  CITY OF BLUE SPRINGS BALANCE SHEET - LAND BANK FISCAL YEAR 2020-21 FOR THE PERIOD ENDED - DECEMBER 31, 2020 CATEGORY LAND BANK ASSETS Cash and investments $ 86,613 Receivables (net of allowances Taxes - Accounts Accrued interest - Interfund receivables - Land 296,405 Prepaid items - TOTAL ASSETS $ 383,018 LIABILITIES Accounts payable $ 28,170 Accrued liabilities - Interfund payable - Long term debt - TOTAL LIABILITIES $ 28,170 FUND BALANCES Reserved for: Encumbrances - Unassigned 354,848 TOTAL FUND BALANCES $ 354,848 TOTAL LIABILITIES AND FUND BALANCE $ 383,018 Page 1  CITY OF BLUE SPRINGS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - LAND BANK FISCAL YEAR 2020-21 FOR THE PERIOD ENDED - DECEMBER 31, 2020 CATEGORY LAND BANK REVENUES: Farm Lease $ - Sale of Land - Property Taxes - Interest 135 Contributed Capital - Land - Other - TOTAL REVENUES $ 135 EXPENDITURES: Current: Personal Services - Materials & Supplies - Contractual Services - Capital Outlay - Capital Improvements - Debt service: - Principal retirement - Interest and fiscal charges - TOTAL EXPENDITURES $ - Excess of revenues over (under) expenditures $ 135 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 135 FUND BALANCES - OCTOBER 1, 2020 $ 354,712 FUND BALANCES - DECEMBER 31, 2020 $ 354,848 Page 2