Open Meeting Minutes Land Trust of Jackson County, Missouri 2:00 PM, Wednesday, January 25, 2012 16th Floor, City Hall 414 E. 12th Street, Kansas City, Missouri 64106 16th Floor Conference Room Attendees: Diane Burnette Mike Hunter Amelia McIntyre Lure' Turner Jeremy Deeken Anthony Sims Cathy Brown Claude Page Sandy Mayer Moses Calderon George Kimble 1. The Trustees reviewed and approved the December 2012 meeting minutes. 2. Mr. Hunter addressed the Trustees regarding Mr. Calderon's interest in purchasing 4430 Cloon and 4420 E. 10th Street. Mr. Calderon estimated that it would require $4,000 $5,000 in renovations to make the properties inhabitable. Mr. Calderon is willing to pay $2,000 for each property. The appraisal on 4430 Cloon was $6,100 and $5,000 for 4420 E. 10th Street, making the two-thirds threshold required by statute $4,069 and $3,335 respectively. The Trustee authorized Mr. Hunter to negotiate a contract with Mr. Calderon on these two properties and present the contract for consideration in next month's meeting. The Trustees indicated that this contract could potentially serve as a template for similar future situations. 3. Mr. Kimble and Mr. Sims addressed the Trustees regarding Neighborhoods United whose mission is restoring the urban core through refurbishing homes and offering them at affordable prices. Mr. Hunter provided his contact information so that they could talk about how Land Trust may factor into their efforts. 4. Mr. Page presented the property bids for the month (Exhibit A). After reviewing the bids for conflicts and noting none, the Trustees approved all bids. 5. Ms. McIntyre addressed the Trustees regarding Land Trust properties on the 2900 block of Cypress for potential use by the KCMO Parks Department. Ms. McIntyre requested that Land Trust place 2921 Kensington, 2928 Cypress and 2932 Cypress on hold. The Trustees agreed to place the said properties on hold. 6. Ms. McIntyre addressed the Trustees regarding 4923 Olive (30-640-20-32) and 2307 E. 49th Street (30-640-21-05), inquiring whether the appraisals had come back on these two parcels. Mr. Hunter stated that 4923 Olive appraised for $850 and 2307 E. 49th Street appraised for $300. In accordance with their stated intentions in the December meeting, Blue Hills requested to purchase these two properties. The Trustees approved the sale of these two lots for the appraised amounts to Blue Hills. 7. Mr. Hunter informed the Trustees that the appraisals for 4815 Brooklyn (30-640-16-27) and 2044 E. 48th Terrace (30-640-16-28) were returned from the appraiser at $900 and $250 respectively. The City and the County have approved the donation of these properties to Blue Hills. The Trustees unanimously approved the donation of these two properties to Blue Hills. 8. Ms. McIntyre informed the Trustees that it is feasible to list Land Trust properties on the HMLS. Ms. McIntyre reviewed the stipulations accompanying HMLS listings pertaining to brokers serving as Land Trust Trustees and the conflicts of interests related thereto. Ms. Brown stated that using HMLS to market Land Trust properties would raise liability risks to an unacceptable level. 9. Mr. Hunter informed the Trustees that an elderly non-English speaking gentleman purchased 3914 E. 46th Street from Land Trust. Unbeknownst to the buyer, about 30 days subsequent to his purchase, the city demolished the structure on the property. Mr. Hunter informed the Trustees that the buyer is interested in 3227 Garfield as a potential alternative and that the buyer may be approaching Land Trust for resolution. 10. Mr. Hunter stated that he and Mr. Massih would be looking at the building on 3906 Prospect within the next month. The county informed Mr. Hunter that they are not interested in approving a sale for less than two-thirds the appraised value. This will be discussed again in February. 11. Mr. Hunter presented the prior month's financial statement. The Trustees accepted the report. 12. Mr. Hunter presented the expenses for the month (Exhibit B). After reviewing the expenses, the Trustees unanimously approved them. Mr. Hunter also presented the form authorizing electronic payment of Federal withholding taxes for Land Trust. The Trustees approved and signed the authorization form. 13. Mr. Hunter presented the 2010 audit and management letter that was just recently received by Land Trust. Mr. Hunter requested that the Trustees review them and direct questions to him. 14. Ms. Burnette talked to the Trustees about plans to take proactive measures to put Land Trust properties back on the tax roles. Ms. Burnette indicated that the city and county had come to terms on creating a land bank. This will become part of the discussion in the retreat as those negotiations continue. 15. Noting no other business, the Trustees closed the meeting. ________________________________ Approved by: