Land Bank Agency

LAND BANK BOARD MEETING July 19, 2021 3:00 p.m. Training Room 210 City Hall, 903 W Main Street Blue Springs, Missouri 64015 1. Approval of the May 17, 2021 Land Bank Board Meeting Minutes 2. Appointment of Officers for 2021-22 3. 2021 Tax Sale Properties Update 4. Quarterly Financial Statements 5. Executive Session – Discussion relating to real estate pursuant to Sections 610.021(2) RSMo Posted Friday, July 16, 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 MAY 17, 2021 A meeting of the Land Bank of Blue Springs, Missouri was held on Monday, May 17, 2021 at 3:00 p.m. with Chairman Johnson presiding. CONFIRMATION OF A Eric Johnson, Chair Tracy White-Baldridge QUORUM – James May, Vice Chair Kirk Sampson COMMISSIONERS IN Jim Fairbanks ATTENDANCE Also present were Staff Liaisons Christine Cates, Jackie Sommer, Karen Van Winkle, Chris Sandie; Matt Wright; 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 April 19, MINUTES 2021 meeting of the Land Bank of Blue Springs. Motion seconded by Commissioner White-Baldridge and carried with the following votes: May – Aye Fairbanks – Aye Sampson – Aye Johnson – Aye White-Baldridge – Aye EXECUTIVE SESSION At 3:04 p.m., Commissioner White-Baldridge 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 May and carried with the following votes: May – Aye Fairbanks – Aye Sampson – Aye 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 - JUNE 30, 2021 CATEGORY LAND BANK ASSETS Cash and investments $ 1,103,011 Receivables (net of allowances Taxes - Accounts Accrued interest - Interfund receivables - Land 243,504 Prepaid items - TOTAL ASSETS $ 1,346,515 LIABILITIES Accounts payable $ 10,000 Accrued liabilities - Interfund payable - Long term debt - TOTAL LIABILITIES $ 10,000 FUND BALANCES Reserved for: Encumbrances - Unassigned 1,336,515 TOTAL FUND BALANCES $ 1,336,515 TOTAL LIABILITIES AND FUND BALANCE $ 1,346,515 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 - JUNE 30, 2021 CATEGORY LAND BANK REVENUES: Farm Lease $ 5,600 Sale of Land 980,203 Property Taxes 111,832 Interest 4,925 Contributed Capital - Land 27,106 Other - TOTAL REVENUES $ 1,129,665 EXPENDITURES: Current: Personal Services - Materials & Supplies - Contractual Services 67,856 Capital Outlay - Capital Improvements - Debt service: - Principal retirement - Interest and fiscal charges - TOTAL EXPENDITURES $ 67,856 Excess of revenues over (under) expenditures $ 1,061,809 OTHER FINANCING SOURCES (USES): Issuance of bonds - Discount on bond issuance Loss on sale of asset (80,007) Transfers in Transfers (out) - TOTAL OTHER FINANCING SOURCES (USES) $ (80,007) NET CHANGE IN FUND BALANCES 981,802 FUND BALANCES - OCTOBER 1, 2020 $ 354,712 FUND BALANCES - JUNE 30, 2021 $ 1,336,515 Page 2