5. HRSR 08-03-2009 - Laserfiche WebLink

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Expenditures There are no significant changes in the proposed HRA expenditures for 2010 as indicated on the attached Budget Worksheet. The budget was developed with the following 2010 HRA Goals in mind: ^ Resume planning process for the comprehensive Downtown Redevelopment Plan, including public communication efforts (following authorization to proceed from City Council) ^ Provide information to residents on housing rehabilitation/energy efficiency financing resources. ^ Continue foreclosure recovery initiatives including NSP grant, monitoring, and resource referral. In 2004 the Personal Services costs were adjusted from 70/30 percent EDA and HRA respectively, to 60/40 percent due to staff time allotted to the Downtown Revitalization Project and Redevelopment Planning. It is proposed that this continue in 2010 due to staff time spent on NSP implementation and the anticipated Downtown Redevelopment Plan. Other common administrative expenses are proposed to be shared by the EDA and HRA. As in previous years the HRA makes a one time transfer to the EDA in the amount of $3500 to cover approximately 40% of the shared expenses, which include office supplies, fuels, telephone and travel/training. In 2008 the HRA adopted a Fund Balance Policy to designate a percentage of its fund balance at the end of each year toward an HRA Redevelopment Project Account. This account may be used for future redevelopment activities such as property acquisition, demolition/remediation, and related improvement costs for converting the HRA buildings into a parking lot. Attachments ^ Budget Worksheet -Proposed 2010 HRA Revenue & Expenditures ^ Resolution Establishing the HRA Levy for Collection in Year 2010 Action Motion by Second by Vote Follow Up S:\EDA\IIRA\AGENDA\HRA Budget\8 3 U9 HRA Budget Action Requested.doc