Meeting Agenda State College Borough Redevelopment Authority November 14, 2018 Room 241 / 12 p.m

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1 Meeting Agenda State College Borough Redevelopment Authority Room 241 / 12 p.m I. II. III. IV. V. VI. Call to Order Roll Call Approval of Minutes Chair Report Public Hour - Hearing of Citizens Financial Issues A. B. C. October 2018 Expense Voucher Approvals Redevelopment Authority Action 2019 Redevelopment Authority Budget VII. VIII. IX. Official Reports and Correspondence Upcoming Meetings Adjournment Documents: Complete Redevelopment Authority Agenda -.pdf

2 I. Call to Order Meeting Agenda State College Borough Redevelopment Authority Room 241 / 12 p.m. Redevelopment Authority Agenda 1 of 23 II. Roll Call Sally Lenker, Chairman Colleen Ritter, Vice-Chairman Mark Huncik Rebecca Misangyi James Shincovich III. IV. Approval of Minutes None Chair Report V. Public Hour - Hearing of Citizens VI. Financial Matters A. October 2018 Expense Voucher Approvals A recommendation of the Borough s 2017 audit was for the Redevelopment Authority (RDA) to begin to formally approve expenses. Beginning July 1, 2017, the RDA started approving expenditures at their regularly scheduled meetings. Redevelopment Authority Action: The RDA should review and approve the October 2018 expenditures. B Redevelopment Authority Budget Staff will present a draft 2019 budget for Board review including a summary of current Neighborhood Sustainability Program costs and current RDA account fund balance. VII. Official Reports and Correspondence A. Borough Council B. Planning Commission C. Staff Reports VIII. Upcoming Meetings December 19, 2018 at 12:00 p.m.

3 2 of 23 IX. Adjournment The Redevelopment Authority will adjourn to an Executive Session to discuss Real Estate matters.

4 3 of 23 SCB RDA Voucher Report Check Date Range: 10/1/2018 to 10/31/2018 Page 1 of 2 VENDOR NAME ACCOUNT DESCRIPTION DESCRIPTION ACCOUNT CHECK NO AMAZON CAPITAL SERVICES, INC AMOUNT OFFICE/MISC. SUPPLIES COMPOSTABLE PLATES B YOUR BUILDING CENTERS INC PROGRAM SUPPLIES/ACTIVITIES SMALL PARTS B NSP09 YOUR BUILDING CENTERS INC PROGRAM SUPPLIES/ACTIVITIES THERMA TRU STEEL DOOR B NSP09 ROBERT AUMAN REPAIRS & MAINT - BUILDINGS SERVICE CALL B NSP08 Check Number Total: Check Number Total: Check Number Total: COLUMBIA GAS OF PENNSYLVANIA NATURAL GAS 6 CCF E HAMILTON - 8/31-10/2 B NSP Check Number Total: WEST PENN POWER COMPANY ELECTRICITY 24 KWH LOGAN - 8/23-9/11 B NSP07 WEST PENN POWER COMPANY ELECTRICITY 12 KWH LOGAN - 9/12-9/23 B NSP07 WEST PENN POWER COMPANY ELECTRICITY 48 KWH E HAMILTON APT 2-8/24-9/24 WEST PENN POWER COMPANY ELECTRICITY 420 KWH E HAMILTON, APT 1-8/24-9/23 B NSP08 B NSP08 WEST PENN POWER COMPANY ELECTRICITY 235 KWH W PROSPECT - 9/12-9/24 B NSP (56.63) Check Number Total: CENTRE REGION CODE ADMIN PERMITS AND FEES RENTAL HOUSING PERMIT E HAMILTON #1 CENTRE REGION CODE ADMIN PERMITS AND FEES RENTAL HOUSING PERMIT E HAMILTON #2 B NSP Check Number Total: B NSP Check Number Total: 56.00

5 4 of 23 SCB RDA Voucher Report Check Date Range: 10/1/2018 to 10/31/2018 Page 2 of 2 VENDOR NAME ACCOUNT DESCRIPTION DESCRIPTION ACCOUNT CHECK NO NITTANY PRINTING & PUBLISHING CO AMOUNT ADVERTISING RDA MTG 10/12 B Check Number Total: COLUMBIA GAS OF PENNSYLVANIA COLUMBIA GAS OF PENNSYLVANIA JABCO PEST CONTROL SRVCS LLC NATURAL GAS 5 CCF LOGAN AVE - 9/11-10/10 B NSP07 NATURAL GAS 7 CCF W PROSPECT - 9/11-10/10 B NSP09 REPAIRS & MAINT - BUILDINGS CARPENTER ANT TREATMENT B NSP Check Number Total: Check Number Total: RE/MAX CENTRE REALTY CAP PURCHASES - BUILDINGS EARNEST MONEY N ALLEN STREET B NSP , Check Number Total: 5, DINCHER & DINCHER TREE SURGEON REPAIRS & MAINT - BUILDINGS REMOVE WALNUT NEAR GARAGE B NSP Check Number Total: LOWE'S COMPANIES INC PROGRAM SUPPLIES/ACTIVITIES SMALL PARTS B NSP Check Number Total: , Fund B114 Total: 6, Grand Total 6,549.25

6 5 of 23 Borough of State College Balance Sheet - Accrual Basis B114 - Redevelopment Authority As of 10/31/2018 and 10/31/2017 FY 2018 FY 2017 Assets: Cash and Equivalents $ 570,773 $ 369,055 Homes Held for Resale 1,395,467 1,995,495 Total Current Assets 1,966,240 2,364,550 Total Assets $ 1,966,240 $ 2,364,550 Liabilities: Accounts Payable $ 40 $ 110 Security Deposits 2,300 HIP/NSP Line of Credit 2,120,347 2,365,775 Total Current Liabilities 2,122,687 2,365,885 Deferred Revenue - - Long-Term Debt - - Total Long-Term Liabilities - - Total Liabilities 2,122,687 2,365,885 Fund Balance: Unassigned Fund Balance (330,017) (104,983) Current Year Excess/(Deficit) 173, ,647 Assigned Fund Balance - - Committed Fund Balance - - Restricted Fund Balance - - Total Fund Balance (156,446) (1,336) Total Liabilities & Fund Balance $ 1,966,241 $ 2,364,549

7 6 of 23 Redevelopment Authority Revenue % of Total Budget Received Y-T-D October 2017 & 2018 Y-T-D 2017 Y-T-D % 67.1%

8 7 of 23 Redevelopment Authority Expenditures % of Total Budget Expended Y-T-D October 2017 & 2018 Y-T-D 2017 Y-T-D % 38.8%

9 B114 SCB REDEVELOPMENT AUTHOR REVENUE: YTD Budget Report Y-T-D through 10/2018 Account Account Description LY Variance Annual Budget TAXES TOTAL % INTEREST AND RENTS TOTAL ,164 55,278 37, , % SPECIAL ASSESSMENTS TOTAL 676, , , ,900 1,528, % DEBT PROCEEDS TOTAL - 2,161, ,993 (1,330,578) 3,042, % TOTAL REVENUE 677,256 2,503,735 1,751,171 (752,564) 4,771, % EXPENDITURES: PERSONNEL SALARIES AND WAGES TOTAL % EMPLOYEE BENEFITS TOTAL % EMPLOYEE SUPPLY/EXPN TOTAL 557 2,038 3,553 1,515 5, % PERSONNEL TOTAL 557 2,038 3,553 1,515 5, % OPERATING Redevelopment Authority Agenda 8 of 23 FUEL & LUBRICANTS TOTAL % OFFICE SUPPLIES TOTAL (453) % PROGRAM EXPENSES TOTAL ,286 3, % PROFESSIONAL SERVICE TOTAL 97, , ,924 71, , % HARDWARE/SOFTWARE TOTAL % LAND/BLDG/FACILITIES TOTAL 3,580 11,822 28,282 16, , % COMMUNICATIONS TOTAL 1, ,246 1,114 1, % UTILITIES TOTAL 1,539 1,618 4,496 2, % INSURANCE/RISK MGMT TOTAL 1,368 1,379 2, , % CONTRIBUTIONS/GRANTS TOTAL 34,595 25,000 - (25,000) - 0.0% HOME OWNERSHIP TOTAL , % %Used

10 YTD Budget Report Y-T-D through 10/2018 Account Account Description LY Variance Annual Budget OPERATING TOTAL 141, , ,492 70, , % CAPITAL CAPITAL CONSTRUCTION TOTAL 307,418 2,086, ,946 (1,268,550) 2,700, % DEPRECIATION TOTAL % CAPITAL TOTAL 307,418 2,086, ,946 (1,268,550) 2,700, % DEBT DEBT TOTAL 283, , , ,533 1,648, % DEBT TOTAL 283, , , ,533 1,648, % TOTAL EXPENDITURES 732,220 2,571,350 1,891,822 (679,528) 4,882, % EXCESS (DEFICIT) OF REV OVER EXP (54,964) (67,615) (140,651) (73,036) (110,535) 127.2% OTHER SOURCES (USES) Redevelopment Authority Agenda 9 of 23 OTHER SOURCES TOTAL 262, , , , , % OTHER USES TOTAL (2,670) (3,222) (5,363) (2,141) (7,150) 75.0% NET OTHER SOURCES (USES) 259, , , , , % SCB REDEVELOPMENT AUTHOR TOTAL 204, , ,571 69,924 29, % %Used

11 YTD Budget Report Y-T-D through 10/2018 Account Account Description LY Variance Annual Budget %Used B114 SCB REDEVELOPMENT AUTHOR 42 COMMUNITY DEVELOPMENT REVENUE: INTEREST AND RENTS TOTAL - 16,585 51,123 34, , % SPECIAL ASSESSMENTS TOTAL 676, , , ,900 1,528, % DEBT PROCEEDS TOTAL - 2,086, ,946 (1,273,551) 3,006, % TOTAL REVENUE 676,795 2,427,082 1,728,969 (698,113) 4,735, % EXPENDITURES: OPERATING FUEL & LUBRICANTS TOTAL % PROGRAM EXPENSES TOTAL ,971 3, % PROFESSIONAL SERVICE TOTAL 77,399 27, ,325 74, , % LAND/BLDG/FACILITIES TOTAL 3,580 11,822 28,282 16, , % UTILITIES TOTAL 1,539 1,618 4,496 2, % INSURANCE/RISK MGMT TOTAL 1,368 1,379 2, , % OPERATING TOTAL 83,886 42, ,247 98, , % CAPITAL CAPITAL CONSTRUCTION TOTAL 307,418 2,086, ,946 (1,268,550) 2,700, % CAPITAL TOTAL 307,418 2,086, ,946 (1,268,550) 2,700, % DEBT DEBT TOTAL 265, , , ,640 1,612, % DEBT TOTAL 265, , , ,640 1,612, % TOTAL EXPENDITURES 656,979 2,444,098 1,790,977 (653,121) 4,728, % EXCESS (DEFICIT) OF REV OVER EXP 19,816 (17,016) (62,008) (44,992) 7, % OTHER SOURCES (USES) Redevelopment Authority Agenda 10 of 23 OTHER SOURCES TOTAL %

12 YTD Budget Report Y-T-D through 10/2018 Redevelopment Authority Agenda 11 of 23 Account Account Description LY Variance Annual Budget %Used OTHER USES TOTAL (2,670) (3,222) (5,363) (2,141) (7,150) 75.0% NET OTHER SOURCES (USES) (2,670) (3,222) (5,363) (2,141) (7,150) 75.0% COMMUNITY DEVELOPMENT TOTAL: 17,146 (20,238) (67,371) (47,133) %

13 44 ECONOMIC DEVELOPMENT REVENUE: YTD Budget Report Y-T-D through 10/2018 Account Account Description LY Variance Annual Budget %Used TAXES TOTAL % INTEREST AND RENTS TOTAL 461 1,579 4,155 2, % DEBT PROCEEDS TOTAL - 75,074 18,047 (57,027) 36, % TOTAL REVENUE ,653 22,202 (54,451) 36, % EXPENDITURES: PERSONNEL SALARIES AND WAGES TOTAL % EMPLOYEE BENEFITS TOTAL % EMPLOYEE SUPPLY/EXPN TOTAL 557 2,038 3,553 1,515 5, % PERSONNEL TOTAL 557 2,038 3,553 1,515 5, % OPERATING FUEL & LUBRICANTS TOTAL % OFFICE SUPPLIES TOTAL (453) % PROGRAM EXPENSES TOTAL (56) % PROFESSIONAL SERVICE TOTAL 20,520 81,019 77,599 (3,420) 105, % HARDWARE/SOFTWARE TOTAL % COMMUNICATIONS TOTAL 1, ,246 1,114 1, % CONTRIBUTIONS/GRANTS TOTAL 34,595 25,000 - (25,000) - 0.0% HOME OWNERSHIP TOTAL , % OPERATING TOTAL 57, ,060 79,245 (27,815) 113, % CAPITAL Redevelopment Authority Agenda 12 of 23 CAPITAL CONSTRUCTION TOTAL % DEPRECIATION TOTAL % CAPITAL TOTAL %

14 DEBT YTD Budget Report Y-T-D through 10/2018 Account Account Description LY Variance Annual Budget %Used DEBT TOTAL 17,433 18,154 18,047 (107) 35, % DEBT TOTAL 17,433 18,154 18,047 (107) 35, % TOTAL EXPENDITURES 75, , ,845 (26,407) 154, % EXCESS (DEFICIT) OF REV OVER EXP (74,780) (50,599) (78,643) (28,044) (118,335) 66.5% OTHER SOURCES (USES) Redevelopment Authority Agenda 13 of 23 OTHER SOURCES TOTAL 262, , , , , % NET OTHER SOURCES (USES) 262, , , , , % ECONOMIC DEVELOPMENT TOTAL: 187, , , ,057 29, % SCB REDEVELOPMENT AUTHOR TOTAL 204, , ,571 69,924 29, %

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