08-30-1993 SpecialCITY OF RICHFIELD, MINNESOTA
SPECIAL HOUSING AND REDEVELOPMENT AUTHORITY MEETING
AUGUST 30, 1993
HRA MEMBERS PRESENT: Thomas Harms; Joan Helmberger; Russ Susag;
Vern Luettinger; and Larry Wozniczka.
STAFF PRESENT: James D. Prosser, Executive Director;
Steven Devich, Administrative Services
Director/Acting City Clerk; Byron Wallace,
Community Development Director; Bruce
Palmborg, Housing and Redevelopment
Coordinator; and Bridget Walstrom, Finance
Manager.
The meeting was called to order by Chair Harms at 7:00 p.m.
Item #1. CONSIDERATION OF APPROVAL OF PROPOSED PROPERTY TAX LEVY
FOR PAYABLE YEAR 1994 FOR CERTIFICATION TO HENNEPIN
COUNTY AND SET DATE FOR OPTIONAL PUBLIC BUDGET HEARING
FOR 1993 REVISED/1994 PROPOSED BUDGET AND TAX LEVY, HRA
LETTER NO. 36.
Executive Director Prosser outlined HRA Letter No. 36
regarding consideration of approval of proposed property tax levy
for payable year 1994 for certification to Hennepin County and
set date for optional public budget hearing for 1993 Revised/1994
Proposed Budget and tax levy. Mr. Prosser summarized the mayor
initiatives and highlights of the Proposed 1994 Budget.
Administrative Services Director Devich summarized the 1994
tax levy of $163,118 and stated it was a 1.7~ decrease from the
previous year. Mr. Devich also reviewed the tax levy for the
past four years.
Community Development Director Wallace reviewed the HRA
budget on a division by division basis, pointing out significant
items in each division account. Mr. Wallace and Mr. Prosser
responded to questions which arose during the course of the
presentation.
Commissioner Helmberger asked that the CDBG purchases for
the New Home Program done by the City be indicated in a note in
the budget.
Commissioner Harms asked that a listing of employees of the
HRA by position be forwarded to HRA Members.
HRA Meeting Minutes
There was general
administered Section 8
stated that the HRA is
expenses of the progra
August 30, 1993 page 2
discussion regarding the locally
Rental Assistance Program. Mr. Wallace
now in a position of recovering all of the
m through program revenues.
Commissioner Wozniczka asked about a cash flow memo prepared
by Publicorp in May 1993 for the LHN in conjunction with the
budget. Mr. Devich responded that it was his recollection that
while one or more years may reflect a negative balance because of
debt service schedules or commercial property values, the overall
position of the entire LHN reflects a strong fund balance.
M/Luettinger, S/Helmberger to set November 15, 1993 as the
date for a public budget hearing for the 1993 Revised/1994
Proposed Budget and tax lever.
Commissioner Wozniczka asked about the report generated by
Publicorp concerning the Tax Increment Districts and the
repayment schedule for the Richfield Rediscovered loans.
Mr. Harms stated that these issues were not part of the
motion and that the resolution was now under consideration.
Motion carried 5-0.
M/Susag, S/Helmberger that the following resolution be
adopted; that it be spread in the resolution book and that it be
made part of these minutese
HRA RESOLUTION N0. 481
RESOLUTION APPROVING PROPOSED 1994 HOUSING AND
REDEVELOPMENT AUTHORITY BUDGET
AND CERTIFYING THE PROPOSED TAX LE~~
Motion carried 5-0. This resolution appears as Resolution
No. 481 in HRA Resolution Book No. 4.
Chair Harms requested that staff prepare a memo for the next
HRA meeting regarding the cash flow reporting of the Tax
Increment Districts. The memo should address
1. when the report be generated;
2. what funds should be reported; and
3. cost of preparing the report.
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HRA Meeting Minutes
ADJOURNMENT
August 30, 1993
The meeting was adjourned by unanimous
Date Approved : 9/ 20/ 93
r'
Steven L. Devich
Acting City Clerk
at 9:05 p.m.
D. Prosser
tive Director
page 3