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City of <br /> Elk=' Request for Action <br /> River <br /> To Item Number <br /> Mayor& City Council 8.2 <br /> Agenda Section Meeting Date Prepared by <br /> Consent May 5, 2014 Brian Beeman,Director of Economic <br /> Development <br /> Item Description Reviewed by <br /> Housing and Redevelopment Authority Owner Jeremy Barnhart,Deputy Director, CODD <br /> Occupied Housing Rehabilitation Program and Reviewed by <br /> Budget Amendment Cal Portner, City Administrator <br /> Action Requested <br /> Approve,by motion pending HRA direction,the Elk River HRA Housing Rehabilitation Policies & <br /> Procedures and a budget amendment in the amount of$100,000 to fund the program. <br /> Background/Discussion <br /> The HRA, over the last several months,has worked with the Central Minnesota Housing Partnership <br /> (CMHP) in the development of a Housing Rehabilitation Program,patterned after similar programs in <br /> Coon Rapids and Brooklyn Park. <br /> The initial term of the program will be for 3 years, and cost approximately$100,000 per year. CMHP will <br /> administer the program. For 2014, the program will be funded through the attached budget amendment, <br /> from existing reserves. <br /> At the meeting on May 5,the HRA is expected to approve this program and associated applications, <br /> policies, and agreement. <br /> Financial Impact <br /> All within the HRA budget, $100,000 will be transferred from the fund balance to the contractual services <br /> line item. The balance is currently$922,696. <br /> Attachments <br /> ■ HRA packet dated May 5, 2014 <br /> P a w E A E U s r <br /> Template Updated 4/14 INIM UREI <br />