6. HRSR 08-01-2005 - Laserfiche WebLink

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Consider Ycar 2006 HRA Budget and Resolution Regarding H12A Levy August 1, 2005 HRA Meeting Page 2 of 2 Below is a line item analysis of the proposed year 2006 expenditures for the HRA: • Personal Services $ 62,800 • Legal Fees (TIF, relocation, etc.) $ 10,000 • Other Professional Services $ 24,000 o Ehlers & Assoc. -Redevelopment Project Management o BDM Consulting Engineers- Engineering Services • Postage (construction notices, Q&A inserts) $ 1,000 • Publishing (Downtown project communications) $ 12,500 • Insurance $ 250 • Dues & Subscriptions $ 200 o MN National Assoc. of Housing & Redevelopment Officials • Transfer out to General Fund (support staff, etc) $ 9,500 • Transfer out to EDA (approx. 37% shared expenses) 3 500 Total HRA Year 2005 Proposed Expenditures: $123,750 Total HRA Year 2005 Proposed Revenue: $264,950 The projected balance of $141,200 will be put into the HRA reserves for any future project expenses. Attached to this memo you will find a Resolution establishing the tax levy for the Elk River HRA, which requests that the City Council levy such maximum amount for the authority for the year 2006, as in previous years. The City must certify its proposed maximum levy, including EDA and HRA levies, to Sherburne County annually in September. Recommendation Staff recommends that the HRA approve the year 2006 HRA Budget as presented, and approve the attached Resolution establishing the HRA tax levy for collection in year 2006.