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Housing and Redevelopment Minutes Page 2 <br />August 5, 2019 Special <br />----------------------------- <br /> <br />Ms. Othoudt presented the budget. She indicated $5,000 is included for downtown planters <br />but she is waiting to hear back from the Parks Department to see if they have an employee <br />available to water and maintain the planters. She noted the actual cost of the planters may be <br />closer to $8,000 - $9,000. <br /> <br />Commissioner Ovall suggested budgeting $5,000 for the planters and if more is necessary <br />pulling from the General Fund. <br /> <br /> Commissioner Ovall questioned if money has been allocated for additional property <br />acquisitions. Ms. Othoudt stated historically money for property acquisition has come from <br />reserves but money can be set aside if the HRA desires. <br /> <br /> Ms. Othoudt explained the HRA can levy the previous rate, balanced rate, or maximum rate. <br /> <br />Commissioner Ovall questioned what the levy would be at the current expenditure level. Ms. <br />Othoudt explained she will not know until Sherburne County provides the estimated market <br />value in a few weeks. <br /> <br /> Vice Chair Chuba questioned if staff is anticipating a need for additional funding. Ms. <br />Othoudt stated not that she is aware of. <br /> <br />Ms. Othoudt indicated she will have the estimated market value by the September 3 meeting <br />and will be able to provide levy options at that time. <br /> <br /> HRA Consensus was to move forward with this budget. <br /> <br />4. Adjournment <br /> <br />Vice Chair Chuba adjourned the meeting at 4:56 p.m. <br /> <br /> <br />Minutes prepared by Jessica Miller. <br /> <br /> <br />_____________________ <br />Tina Allard, City Clerk <br /> <br /> <br />_____________________ <br />Larry Toth, Chair <br />Housing & Redevelopment Authority <br /> <br />