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Home My WebLink About2019-12-03 HRA Special Meeting PacketAgenda Edina Housing and Redevelopment Authority City of Edina, Minnesota Council Chambers Tuesday, December 3, 2019 7:00 PMSpecial Meeting - Immediately following the City Council Meeting I.Call to Order II.Roll Call III.Approval of Meeting Agenda IV.Public Hearings During "Public Hearings," the Chair will ask for public testimony after City sta% members make their presentations. If you wish to testify on the topic, you are welcome to do so as long as your testimony is relevant to the discussion. To ensure fairness to all speakers and to allow the e'cient conduct of a public hearing, speakers must observe the following guidelines: Individuals must limit their testimony to three minutes. The Chair may modify times, as deemed necessary. Try not to repeat remarks or points of view made by prior speakers and limit testimony to the matter under consideration. In order to maintain a respectful environment for all those in attendance, the use of signs, clapping, cheering, booing, or any other form of verbal or nonverbal communication is not allowed. A.PUBLIC HEARING: Resolution No. 2019-11, Setting 2020 Tax Levy and Adopting 2020 Operating Budget V.Adjournment The Edina Housing and Redevelopment Authority wants all participants to be comfortable being part of the public process. If you need assistance in the way of hearing ampli7cation, an interpreter, large-print documents or something else, please call 952-927-8861 72 hours in advance of the meeting. Date: December 3, 2019 Agenda Item #: IV.A. To:Chair & Commissioners of the Edina HRA Item Type: Report / Recommendation From:Don Uram, Finance Director Item Activity: Subject:PUBLIC HEARING: Resolution No. 2019-11, Setting 2020 Tax Levy and Adopting 2020 Operating Budget Action Edina Housing and Redevelopment Authority Established 1974 CITY OF EDINA HOUSING & REDEVELOPMENT AUTHORITY 4801 West 50th Street Edina, MN 55424 www.edinamn.gov ACTION REQUESTED: Approve Resolution No. 2019-11 Setting 2020 Tax Levy and Adopting 2020 Operating Budget. INTRODUCTION: The HRA is a separate taxing authority formed by the City Council in 1974. T he purpose of the levy is to pay a portion of the administrative expenses and other economic initiatives that are necessary to operate the HRA including the City's renewed efforts to create affordable housing. Historically those expenses have been paid using TIF funds. Continuing with the plan to reduce the reliance on TIF funds, the levy proposed for 2020 shows an increase from $160,000 in 2019 to $192,000. This is the same as the preliminary amount that was approved by the HRA on September 26. ATTACHMENTS: Description Resolution No. 2019-11: Setting 2020 Tax Levy and Adopting 2020 Operating Budget Attachment A - 2020 Governmental Funds Budget EDINA HOUSING AND REDEVELOPMENT AUTHORITY RESOLUTION NO. 2019-11 ADOPTING THE BUDGET AND ESTABLISHING THE TAX LEVY PAYABLE IN 2020 WHEREAS, The Edina Housing and Redevelopment Authority (the “HRA”) has authorities and powers according to MN Statutes, Sections 469.001 to 469.047. MN Statutes, Section 469.033, subd. 6 grants the HRA the power to levy and collect taxes subject to a resolution of consent from the Edina City Council for a set period. WHEREAS, The Edina City Council passed Resolution 2019-55 consenting to an HRA tax levy payable in 2020. NOW, THEREFORE, BE IT RESOLVED by the Board as follows: Section 1. The Budget as shown on Attachment A for the Edina Housing and Redevelopment Authority for the calendar year 2020 is hereby adopted and funds are hereby appropriated; Section 2: That there will be levied upon all taxable real and personal property in the City of Edina, a tax rate sufficient to produce the amount as follows: HRA GENERAL FUND $192,000 Passed and adopted by the Housing and Redevelopment Authority on December 3, 2019. ATTEST: Michael A. Fischer, Secretary James B. Hovland, Chair STATE OF MINNESOTA ) COUNTY OF HENNEPIN )SS CITY OF EDINA ) CERTIFICATE OF EXECUTIVE DIRECTOR I, the undersigned duly appointed and acting Executive Director for the Edina Housing and Redevelopment Authority do hereby certify that the attached and foregoing Resolution was duly adopted by the Edina Housing and Redevelopment Authority at its Regular Meeting of December 3, 2019, and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this ____ day of __________________, 20___. _________________________________ Executive Director CITY OF EDINA Proposed Governmental Fund Budgets Braemar Arts &Debt General HRA PACS CAS CDBG Police SR Memorial Culture Service Construction Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Total REVENUES AND OTHER FINANCING SOURCES Property tax levy 32,021,243$ 192,000$ -$ -$ -$ -$ -$ 20,000$ 4,596,300$ 2,830,000$ 39,659,543$ Tax increments - 6,708,700 - - - - - - - - 6,708,700 Franchise fees & other taxes 877,000 - 1,200,000 1,000,000 - - - - - 105,000 3,182,000 Special assessments - - - - - - - - - 4,102,231 4,102,231 Licenses and permits 5,066,561 - - - - - - - - 78,000 5,144,561 Intergovernmental 1,753,218 - - - 125,000 - - - - 2,460,960 4,339,178 Charges for services 5,465,499 2,000 - - - - - - - 200,000 5,667,499 Fines and forfeitures 950,000 - - - - - - - - - 950,000 Investment income 150,000 235,058 1,060 5,190 - 5 2,007 485 8,000 225,000 626,805 Other revenue 475,700 - - 7,000 - 172,061 2,500 2,500 - - 659,761 Transfers 50,000 - - - - - - - 3,500,165 275,000 3,825,165 Loan received - - - - - - - - - - - Debt issued - - - - - - - - - 3,659,279 3,659,279 Other financing sources 90,375 1,900,000 - - - - - - - -1,990,375 TOTAL REVENUES AND OTHER FINANCING SOURCES 46,899,596 9,037,758 1,201,060 1,012,190 125,000 172,066 4,507 22,985 8,104,465 13,935,470 80,515,097 EXPENDITURES AND OTHER FINANCING USES - BY DEPARTMENT Administration 2,439,333 6,784,124 - 1,133,523 - - - - - - 10,356,980 Communication & tech.1,338,881 - - - - - - - - 293,800 1,632,681 Human resources 1,288,736 - - - - - - - - - 1,288,736 Finance 1,180,227 - - - - - - - - 500,000 1,680,227 Public works 6,852,480 - - - - - - - - 1,932,056 8,784,536 Engineering 1,920,392 - 1,520,802 - - - - - - 7,417,998 10,859,192 Police 13,947,203 - - - - 96,585 - - - 499,000 14,542,788 Fire 10,171,998 - - - - - - - - 1,411,432 11,583,430 Parks & recreation 5,846,867 - - - - - - 14,600 - 267,325 6,128,792 Community development 1,913,479 - - - 125,000 - - - - 190,000 2,228,479 Loan issued - - - - - - - - - - - Debt service - - - - - - - - 7,850,224 - 7,850,224 Transfers - - - - - - - - - 3,500,165 3,500,165 TOTAL EXPENDITURES AND OTHER FINANCING USES 46,899,596 6,784,124 1,520,802 1,133,523 125,000 96,585 - 14,600 7,850,224 16,011,776 80,436,230 EXPENDITURES AND OTHER FINANCING USES - BY TYPE Personal services 33,018,357 182,624 115,642 158,035 - - - - - 100,702 33,575,360 Contractual services 6,736,208 1,638,000 75,000 103,000 125,000 89,085 - 14,000 - 294,826 9,075,119 Commodities 2,567,739 2,500 15,000 - - 7,500 - 600 - 23,448 2,616,787 Internal services 4,577,292 - 7,200 7,488 - - - -- 780 4,592,760 Equipment - - - - - - - -- 2,825,257 2,825,257 Capital outlay - 4,961,000 1,307,960 865,000 - - - -- 9,266,598 16,400,558 Loan issued - - - - - - - -- -- Debt service - - - - - - - -7,850,224 - 7,850,224 Transfers - - - - - - - -- 3,500,165 3,500,165 TOTAL EXPENDITURES AND OTHER FINANCING USES 46,899,596 6,784,124 1,520,802 1,133,523 125,000 96,585 - 14,600 7,850,224 16,011,776 80,436,230 CHANGE IN FUND BALANCE -$ 2,253,634$ (319,742)$ (121,333)$ -$ 75,481$ 4,507$ 8,385$ 254,241$ (2,076,306)$ 78,867$ 2020 GOVERNMENTAL FUND BUDGETS Attachment A