Land Bank Agency

LAND BANK BOARD MEETING November 18, 2024 3:00 p.m. Training Room 210 City Hall, 903 W Main Street Blue Springs, Missouri 64015 Anyone wishing to address the Land Bank in the Visitors Section of the Agenda, must fill out a Speaker’s Appearance Form. Forms are available online or located at the entrance of the conference room. After completion, the form is to be given to the Board Secretary prior to the start of the meeting. 1. Call to Order 2. Confirmation of a Quorum 3. Appointment of Board Secretary 4. Approval of the August 19, 2024, Land Bank Meeting Minutes 5. FY 2023-24 Annual Land Bank Report 6. Quarterly Financials 7. Four new parcels deeded to the Land Bank 8. Discussion – Realtor Services 9. Visitors 10. Next meeting – December 16, 2024 meeting will be cancelled 11. Closed session – Discussion relating to Litigation pursuant to Section 610.021 (1) Posted Friday, November 15, 2024 at City Hall and on the City’s website. Erin Ford, City Clerk  CITY OF BLUE SPRINGS, MISSOURI MINUTES OF LAND BANK MEETING August 19, 2024 A meeting of the Land Bank of Blue Springs, Missouri was held on Monday, August 19, 2024 at 3:00 p.m. with Chairman White-Baldridge presiding. COMMISSIONERS IN Tracy White-Baldridge, Chair Kirk Sampson ATTENDANCE Jennifer Irey, Vice Chair Brian Bough Also present were Staff Liaisons Christine Cates, Sheryl Morgan, Mike Mallon, Tom Degenhardt and Karen Van Winkle. CALL TO ORDER AND Chair White-Baldridge called the Land Bank meeting to order at 3:05 CONFIRMATION OF A p.m. The Board Secretary confirmed a quorum of the Lank Bank was QUORUM present. APPROVE BOARD Commissioner Sampson moved to approve the minutes of the June 17, MINUTES 2024 Meeting of the Land Bank of Blue Springs. Motion seconded by Chair White-Baldridge and carried with the following votes: Irey – Aye Sampson – Aye White-Baldridge – Aye Bough-Aye QUARTERLY City Administrator Christine Cates presented the 3rd Quarter Financial FINANCIAL Statements. STATEMENTS 2024-2025 BUDGET Senior Director of Finance Karen Van Winkle presented the 2024-2025 Annual Budget. Commissioner Irey moved to approve the 2024-2025 Annual Budget. Motion seconded by Commissioner Bough and carried with the following votes: Irey – Aye Sampson – Aye White-Baldridge – Aye Bough-Aye ACKNOWLEDGEMENT Land Bank Board Secretary Cara Elbert gave an overview of the Rules OF RULES AND of Procedure for the Land Bank as well as the attendance policy and PROCEDURES AND the Commissioners signed off acknowledging their receipt. ATTENDANCE ELECTION OF VICE Chair White-Baldridge opened the floor for nominations for Vice-Chair CHAIR to serve a one-year term ending May 2025. Commissioner White- Baldridge nominated Commissioner Irey for the Vice Chair position. The motion was seconded by Commissioner Sampson and carried with the following votes:  Land Bank Minutes Page 2 Irey – Aye Sampson – Aye White-Baldridge – Aye Bough-Aye AJOURNEMENT There being no further business, Commissioner Irey moved to adjourn the meeting. Motion seconded by Commissioner Bough and carried with the following votes: Irey – Aye Sampson – Aye White-Baldridge – Aye Bough-Aye Chairman White-Baldridge declared the meeting adjourned at 3:15 p.m. _____________________________ Tracy White-Baldridge, Chair  Tracy White-Baldridge Chairman Erin Ford Staff Liaison October 1, 2023 - September 30, 2024 903 W. Main Street, Blue Springs, MO 64015 (816) 220-4596 | contact@landbankbluesprings.com www.landbankbluesprings.com  TABLE OF CONTENTS LAND BANK OF BLUE SPRINGS.............................................................................................. 2 COMMISSIONERS................................................................................................................. 2 FINANCIAL SUMMARY ............................................................................................................. 3 PARCELS ACQUIRED BY THE LAND BANK ............................................................................ 4 PARCELS SOLD OR TRANSFERRED ...................................................................................... 4 SOLD ..................................................................................................................................... 4 TRANSFERRED .................................................................................................................... 4 PENDING ............................................................................................................................... 4 CURRENT INVENTORY ............................................................................................................ 4 PARCELS AVAILABLE FOR SALE ........................................................................................ 4 PARCELS AVAILABLE TO NEIGHBORING LOT OWNERS .................................................. 4 PARCELS NOT FOR SALE.................................................................................................... 6 SOUTH AREA SEWER NEIGHBORHOOD IMPROVEMENT DISTRICT ................................... 6 OTHER ACTIONS BY THE BOARD .......................................................................................... 6 FARM LEASES ...................................................................................................................... 6 *Land Bank Parcel Number refers to the year and order in which the Land Bank acquired the parcel. The first four digits are the year the parcel was received. The next two digits were assigned by the Land Bank for easier tracking. The rest of the number is the Parcel Number assigned by Jackson County. Land Bank Report FY 2023-24 1 LAND BANK OF BLUE SPRINGS The purpose of the Land Bank of Blue Springs is to return non-revenue-generating and non-tax- producing land to usefulness. The Land Bank Agency is composed of a Board of Commissioners consisting of five members, all of whom are residents of Blue Springs. Three commissioners are appointed by the Mayor of Blue Springs, one commissioner is appointed by Jackson County, and the other commissioner is appointed by the School District. Missouri Land Bank Legislation, which became effective August 28, 2012, authorized any municipality located within a county that had a land trust operating on January 1, 2012, to create a Land Bank Agency. That legislation also provided that any property owned by the county’s land trust would be transferred to the newly created Land Bank Agency as soon as possible after its formation. On March 4, 2013, the City of Blue Springs passed Ordinance No. 4429 creating the Land Bank of Blue Springs. Properties in Blue Springs held by the Jackson County Land Trust due to non- payment of back taxes were transferred to the Land Bank of Blue Springs. All properties sold for back taxes where the bid was not sufficient to pay the judgment are transferred to the Land Bank rather than the Jackson County Land Trust. The Board adopted Policies and Procedures for the acquisition and disposal of properties. These guidelines are used to determine which properties are offered for sale, the requirements for offers and how offers are evaluated. The Land Bank entered into an Intergovernmental Agreement with the City of Blue Springs on August 5, 2013, with the initial term of the Agreement ending on September 30, 2016. In 2019, the Land Bank Board of Commissioners approved an Intergovernmental Agreement with the City ending on September 30, 2022. A new Intergovernmental Agreement was approved by the Land Bank and the City in 2022 with a term ending on September 30, 2025. The South Area Sewer Neighborhood Improvement District (NID) was formed after the annexation of approximately 1,500 acres of undeveloped property into the corporate limits of the City of Blue Springs. The purpose of the NID is to provide funding to build sewer infrastructure that would enable the area to be developed. The City issued 20-year NID Bonds in 2009 to be repaid through special assessments on the properties. Growth and development in the NID decreased significantly when the recession started in 2008. In some cases, the taxes and NID special assessments went unpaid and the properties were transferred to the Land Bank. This report includes a summary of the actions taken by the Land Bank of Blue Springs from October 1, 2023 through September 30, 2024. COMMISSIONERS SCHOOL DISTRICT APPOINTEE: Kirk Sampson, August 2018 – Present, Treasurer COUNTY APPOINTEE: Rodney Hill, July 2022 – May 2024 MAYORAL APPOINTEES: Tracy White-Baldridge, May 2016 – Present, Chair Jennifer Irey, January 2022 – Present, Vice Chair Brian Bough, May 2024 – Present Land Bank Report FY 2023-24 2 FINANCIAL SUMMARY Blue Springs Land Bank Statement of Changes in Net Position Fiscal Year: 2024 2023* 2022 2021 2020 Additions Property taxes $ 275,604 $ 442,797 $ 237,133 $ 111,848 $ 48,835 Contributions and donations from private sources 540,059 (178) - 980,203 283,763 Gain on sale of capital assets - Interest income 17,908 17,835 2,385 6,541 1,444 Other income 8,820 100 5,600 12,864 Total additions 833,571 469,274 239,618 1,104,192 346,906 Deductions Administrative expenses 82,793 62,471 15,308 67,876 18,168 Remittance of special assessment collections to 760,805 419,363 224,196 1,017,661 686,931 Sewer Fund Loss on sale of capital assets 57,522 52,901 70,123 Total deductions 901,120 481,835 239,504 1,138,438 775,222 Change in net position (67,549) (12,561) 114 (34,246) (428,316) Net position, beginning 308,020 320,581 320,467 354,713 783,029 Net position, ending $ 240,471 $ 308,020 $ 320,581 $ 320,467 $ 354,713 * FY2023 has been restated due to an Administrative Expense entry which was posted after the Land Bank Annual Report was completed last year. The Land Bank is audited as part of the City’s annual audit and is reported as a Trust Fund within the City’s financial statements. Each year, a budget is prepared and presented to the Board for adoption. Throughout the year, quarterly financial statements are reviewed by the Board and included on the meeting agendas for discussion. Land Bank Report FY 2023-24 3 Properties that are transferred to the Land Bank from Jackson County are recorded at the market value the County has listed at the time of the transfer. The gain or loss on sale of property is calculated as the difference between the property’s sales price and the market value of the property as determined by the County. PARCELS ACQUIRED BY THE LAND BANK No parcels were acquired by the Land Bank in FY 2023-24. PARCELS SOLD OR TRANSFERRED SOLD The Land Bank of Blue Springs sold Parcels 2017-05-B-54-200-01-08-00-0-00-000 and 2017- 06-54-200-04-10-00-0-00-000 in FY 2023-24. TRANSFERRED The Land Bank of Blue Springs transferred 2013-25-36-910-09-48-01-1-00-000 to the City of Blue Springs in FY 2023-24. PENDING No pending sales. CURRENT INVENTORY There are currently two parcels in the Land Bank inventory that are listed as For Sale, there are 18 parcels that are available to neighboring lot owners, and there are 12 parcels listed as Not for Sale. PARCELS AVAILABLE FOR SALE Land Bank Parcel Number Status Area Size 2017-03-41-700-03-03-00-0-00-000 For Sale Chapman 29.63 Acres Farms – NID 2017-04-54-100-02-03-00-0-00-000 For Sale Chapman 38.73 Acres Farms – NID PARCELS AVAILABLE TO NEIGHBORING LOT OWNERS Land Bank Parcel Number Status Area Size 2013-01-35-140-11-02-01-0-00-000 Available to Heatherwood 3,521 Sq. Ft Neighboring Lot Owners 2013-03-35-410-11-04-00-0-00-000 Available to HOA - Nantucket 16,141 Sq. Ft Storm Detention Tract 2013-04-35-430-03-39-00-0-00-000 Available to Kingsridge 9,296 Sq. Ft Neighboring Lot West Owners 2013-07-35-510-06-12-01-0-00-000 Available to Blue Springs 10,445 Sq. Ft Neighboring Lot Ford, 1st Plat Owners Land Bank Report FY 2023-24 4  2013-08-35-540-01-01-01-0-00-000 Available to Kingsridge 10,315 Sq. Ft Neighboring Lot Owners 2013-09-35-610-04-68-00-0-00-000 Available to Weatherstone 8,223 Sq. Ft Neighboring Lot West Owners or HOA 2013-22-36-240-08-69-00-0-00-000 Available to The Moors 24,085 Sq. Ft Neighboring Lot Owners or HOA 2013-23-36-320-09-78-00-0-00-000 Available to Sherwood 2,766 Sq. Ft Neighboring Lot Village Owners or HOA 2013-33-41-310-18-37-02-0-00-000 Available to Manor South 410 Sq. Ft Neighboring Lot Owners 2013-36-42-120-08-49-00-0-00-000 Available to Plaza Estates 459 Sq. Ft Neighboring Lot West Owners 2013-37-42-610-03-84-01-0-00-000 Available to Stonecreek 1 Sq. Ft Neighboring Lot Owners 2015-01-36-130-26-04-00-0-00-000 Property has storm Summerfield 7,378 Sq. Ft detention and a East sewer lift station. When the station is abandoned, it can be sold to an adjacent property owner or HOA 2015-02-41-410-17-20-01-0-00-000 Available to Village 5,266 Sq. Ft Neighboring Lot Woods Owners 2016-02-36-910-16-27-02-0-00-000 Available to Sunny Side 466 Sq. Ft Neighboring Lot Slopes Owners 2017-01-35-610-03-17-00-0-00-000 Available to Weatherstone 436 Sq. Ft Neighboring Lot Owners 2017-02-36-340-15-25-00-0-00-000 Detention Basin - Brittany Place 30,492 Sq. Ft could be sold to neighbors for green space 2024-03-36-240-08-21-00-0-00-000 Available to Moors at 416 Sq. Ft. Neighboring Lot Waterfield Owners 2024-04-41-820-01-12-00-0-00-000 Available to Woodbine 14,506 Sq.Ft. Neighboring Lot Owners Land Bank Report FY 2023-24 5 PARCELS NOT FOR SALE The Land Bank Board of Commissioners and staff reviewed parcels in the current inventory and determined that several parcels should be kept in the Land Bank. These parcels include detention basins and creek areas. Land Bank Parcel Number Status Area Size 2013-06-35-440-05-42-00-0-00-000 Detention Basin Creek Side 1.01 Acres Estates 2013-13-35-630-05-11-00-0-00-000 Detention Basin Vesper Vale 8,812 Sq. Ft 2013-24-36-330-06-45-00-0-00-000 Detention Basin Hunter's Dell 10,135 Sq. Ft East 2013-27-36-940-13-14-01-0-00-000 Creek area East 6,568 Sq. Ft Lakeview Annex 2013-28-36-940-15-01-01-0-00-000 Creek area East 2.87 Acres Lakeview Annex 2013-30-41-220-05-24-00-0-00-000 Detention area with Autumn 41,729 Sq. Ft overhead powerlines Chase 2013-31-41-220-05-32-00-0-00-000 Detention area with Autumn 13,387 Sq. Ft overhead powerlines Chase 2013-32-41-220-05-60-00-0-00-000 Detention area with Autumn 1.01 Acres overhead powerlines Chase 2013-34-41-340-02-11-00-0-00-000 Detention Basin Manor South 8,388 Sq. Ft 2013-35-41-340-25-33-00-0-00-000 Long strip behind Keystone 10,477 Sq. Ft several properties Estates 2024-01-35-440-09-28-00-0-00-000 Detention basin Apple Valley 92,790 Sq. Ft 2024-02-35-910-11-05-00-0-00-000 Detention basin Apple Valley 13,895 Sq. Ft. SOUTH AREA SEWER NEIGHBORHOOD IMPROVEMENT DISTRICT The sale proceeds of NID properties are transferred to the City’s Sewer Fund to pay special assessments previously not collected on the property. The total unpaid NID assessments on Land Bank property as of September 30, 2024, are $1,923,385.70. The assessments as of September 30, 2023, were $2,330,673.73. OTHER ACTIONS BY THE BOARD Periodically the Board will take other actions related to properties held in the Current Inventory. These actions include farm leases, easements, and miscellaneous action items. Below are actions taken by the Board in FY 2023-24: FARM LEASES There were no parcels leased by the Land Bank in FY 2023-24. Land Bank Report FY 2023-24 6  CITY OF BLUE SPRINGS BALANCE SHEET - LAND BANK FISCAL YEAR 2023-24 FOR THE PERIOD ENDED - SEPTEMBER 30, 2024 CATEGORY LAND BANK ASSETS Cash and investments $ 54,666 Receivables (net of allowances Taxes - Accounts Accrued interest - Interfund receivables - Land 185,805 Prepaid items - TOTAL ASSETS $ 240,471 LIABILITIES Accounts payable $ - Accrued liabilities - Interfund payable - Long term debt - TOTAL LIABILITIES $ - FUND BALANCES Reserved for: Encumbrances - Unassigned 240,471 TOTAL FUND BALANCES $ 240,471 TOTAL LIABILITIES AND FUND BALANCE $ 240,471 Page 1  CITY OF BLUE SPRINGS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - LAND BANK FISCAL YEAR 2023-24 FOR THE PERIOD ENDED - SEPTEMBER 30, 2024 CATEGORY LAND BANK REVENUES: Farm Lease $ - Sale of Land 540,059 Property Taxes 275,604 Interest 17,908 Contributed Capital - Land - Other - TOTAL REVENUES $ 833,571 EXPENDITURES: Personal Services - Materials & Supplies - Contractual Services 82,793 Capital Outlay - Capital Improvements - Debt service: - Transfer for Debt Payments 760,805 TOTAL EXPENDITURES $ 843,598 Excess of revenues over (under) expenditures $ (10,027) OTHER FINANCING SOURCES (USES): Issuance of bonds - Discount on bond issuance Loss on sale of asset (57,522) Transfers in Transfers (out) - TOTAL OTHER FINANCING SOURCES (USES) $ (57,522) NET CHANGE IN FUND BALANCES (67,549) FUND BALANCES - OCTOBER 1, 2023 $ 308,020 FUND BALANCES - SEPTEMBER 30, 2024 $ 240,471 Page 2  Parcel Details Land Bank Parcel # 2024-01-35-440-09-28-00-0-00-000 Neighborhood: Apple Valley General location: No street address, located near railroad South of Apple Valley subdivision. Zoned: SF-7 (Single Family) Maintenance needed N/A upon receipt: Ongoing maintenance N/A needed (frequency): Comments/ Not for sale. Detention basin Recommended best use: Fair market value: $78,030 NID Assessment N/A Lot area: Approx: 92,790 Square Feet  Parcel Details Land Bank Parcel # 2024-02-35-910-11-05-00-0-00-000 Neighborhood: Apple Valley General location: No street address, located near railroad South of Apple Valley subdivision. Zoned: SF-7 (Single Family) Maintenance needed N/A upon receipt: Ongoing maintenance N/A needed (frequency): Comments/ Not for sale. Detention basin Recommended best use: Fair market value: $46,290 NID Assessment N/A Lot area: Approx: 13,895 Square Feet  Parcel Details Land Bank Parcel # 2024-03-36-240-08-21-00-0-00-000 Neighborhood: Moors at Waterfield General location: The property does not have a physical street address, but is located near NE Adams Dairy and NE Craigievar. Zoned: SF-7 (Single Family) Maintenance needed N/A upon receipt: Ongoing maintenance N/A needed (frequency): Comments/ Only available for sale to adjacent property owners. Recommended best use: Fair market value: $2,000 NID Assessment N/A Lot area: Approx: 416 Square Feet  Parcel Details Land Bank Parcel # 2024-04-41-820-01-12-00-0-00-000 Neighborhood: Woodbine General location: No street address, located near SE Woodbine Dr. Zoned: SF-12 Maintenance needed N/A upon receipt: Ongoing maintenance N/A needed (frequency): Comments/ Only available for sale to adjacent property owners. Recommended best use: Fair market value: $200 NID Assessment N/A Lot area: Approx: 14,506 Square Feet