Land Bank Agency

LAND BANK BOARD MEETING January 18, 2022 3:00 p.m. Training Room 210 City Hall, 903 W Main Street Blue Springs, Missouri 64015 1. Approval of the December 20, 2021 Land Bank Board Meeting Minutes 2. Introduction of New Commissioner – Jennifer Irey 3. Quarterly Financial Statements 4. Executive Session – Discussion relating to real estate pursuant to Sections 610.021(2) RSMo Posted Thursday, January 13, 2022 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 DECEMBER 20, 2021 A meeting of the Land Bank of Blue Springs, Missouri was held on Monday, December 20, 2021 at 3:00 p.m. with Vice Chair May presiding. CONFIRMATION OF A James May, Vice Chair Tracy White-Baldridge - ABSENT QUORUM – Jim Fairbanks Kirk Sampson COMMISSIONERS IN ATTENDANCE Also present were Staff Liaisons Jackie Sommer, Karen Van Winkle, Matt Wright, Lance Dillenschneider, realtor and Board Secretary Julia Porter. CALL TO ORDER Vice Chair May called the Land Bank meeting to order at 3:04 p.m. APPROVE BOARD Commissioner Fairbanks moved to approve the minutes of the MINUTES October 18, 2021 meeting of the Land Bank of Blue Springs. Motion seconded by Commissioner Sampson and carried with the following votes: Sampson - Aye Fairbanks – Aye White-Baldridge – ABSENT May – Aye APPOINTMENT OF Vice Chairman May open the floor for nominations to serve the OFFICERS remaining term of Chair and Vice Chair ending May 2022. Commissioner May nominated himself for the Chair position and Tracey White-Baldridge as the Vice Chair. Commissioner Fairbanks moved to approve the slate of officers to serve through May 2022 as follows: • James May as Chair • Tracey White-Baldridge as Vice Chair The motion was seconded by Commissioner Sampson and carried with the following votes: Sampson – Aye Fairbanks – Aye White-Baldridge – ABSENT May – Aye December 20, 2021 Land Bank Minutes Page 2 EXECUTIVE SESSION At 3:06 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 Sampson and carried with the following votes: Sampson – Aye Fairbanks – Aye White-Baldridge – ABSENT May – Aye ______________________________ ________________________ James May, Vice Chair Julia Porter, Board Secretary  CITY OF BLUE SPRINGS BALANCE SHEET - LAND BANK FISCAL YEAR 2021-22 FOR THE PERIOD ENDED - DECEMBER 31, 2021 CATEGORY LAND BANK ASSETS Cash and investments $ 129,236 Receivables (net of allowances Taxes - Accounts Accrued interest - Interfund receivables - Land 243,504 Prepaid items - TOTAL ASSETS $ 372,740 LIABILITIES Accounts payable $ 40,100 Accrued liabilities - Interfund payable - Long term debt - TOTAL LIABILITIES $ 40,100 FUND BALANCES Reserved for: Encumbrances - Unassigned 332,640 TOTAL FUND BALANCES $ 332,640 TOTAL LIABILITIES AND FUND BALANCE $ 372,740 Page 1  CITY OF BLUE SPRINGS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - LAND BANK FISCAL YEAR 2021-22 FOR THE PERIOD ENDED - DECEMBER 31, 2021 CATEGORY LAND BANK REVENUES: Farm Lease $ - Sale of Land 100 Property Taxes 12,602 Interest 182 Contributed Capital - Land - Other - TOTAL REVENUES $ 12,885 EXPENDITURES: Current: Personal Services - Materials & Supplies - Contractual Services 712 Capital Outlay - Capital Improvements - Debt service: - Principal retirement - Interest and fiscal charges - TOTAL EXPENDITURES $ 712 Excess of revenues over (under) expenditures $ 12,173 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 12,173 FUND BALANCES - OCTOBER 1, 2021 $ 320,467 FUND BALANCES - DECEMBER 31, 2021 $ 332,640 Page 2