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Home My WebLink About2020-12-01 HRA Regular Meeting PacketAgenda Edina Housing and Redevelopment Authority City of Edina, Minnesota VIRTUAL MEETING Tuesday, December 1, 2020 7:00 PMImmediately following the City Council meeting. To make live testimony:800-374-0221, the conference ID number is 1548149. Watch meeting: https://www.edinamn.gov/746/Watch-a-City-Meeting or Facebook Live at https://www.facebook.com/edinamn/. I.Call to Order II.Roll Call III.Pledge of Allegiance IV.Approval of Meeting Agenda V.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.Resolution No. 2020-07: Adopting the Budget and Setting the Tax Levy Payable in 2021 VI.HRA Commissioners' Comments VII.Executive Director's Comments VIII.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 ampli6cation, an interpreter, large-print documents or something else, please call 952-927-8861 72 hours in advance of the meeting. Date: December 1, 2020 Agenda Item #: V.A. To:Chair & Commissioners of the Edina HRA Item Type: Report / Recommendation From:Scott Neal, Executive Director Item Activity: Subject:Resolution No. 2020-07: Adopting the Budget and Setting the Tax Levy Payable in 2021 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: Adopt Resolution No. 2020-07 Adopting the Budget and Setting the Tax Levy P ayable in 2021 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. Historically those expenses have been paid using TIF funds. Continuing with the plan to reduce the reliance on TIF funds, the levy proposed for 2021 shows an increase from $192,000 in 2020 to $230,400. ATTACHMENTS: Description Resolution No. 2020-07 Attachment A - Governmental Fund Budgets EDINA HOUSING AND REDEVELOPMENT AUTHORITY RESOLUTION NO. 2020-07 ADOPTING THE BUDGET AND SETTING THE TAX LEVY PAYABLE IN 2021 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 2021. NOW, THEREFORE, BE IT RESOLVED by the Board as follows: Section 1: 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 $230,400 Section 2: That the budget is as follows: HRA GENERAL FUND TAX LEVY REVENUES $230,000 HRA GENERAL FUND EXPENDITURES $230,400 Passed and adopted by the Housing and Redevelopment Authority on December 1, 2020. ATTEST: Michael A. Fischer, Secretary James B. Hovland, Chair STATE OF MINNESOTA ) COUNTY OF HENNEPIN )SS CITY OF EDINA ) CERTIFICATE OF EXECUTIVE DIRECTOR I, the undersigned duly appointed and acting Executive Director for the Edina Housing and Redevelopment Authority do hereby certify that the attached and foregoing Resolution was duly adopted by the Edina Housing and Redevelopment Authority at its Regular Meeting of December 1, 2020, and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this ____ day of __________________, 20___. _________________________________ Executive Director CITY OF EDINA Governmental Fund Budgets Braemar Arts &Debt General HRA PACS CAS CDBG Police SR Memorial Culture Service Construction Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Total REVENUES AND OTHER FINANCING SOURCES Property tax levy 33,986,471$ 230,400$ -$ -$ -$ -$ -$ 20,000$ 3,651,400$ 4,130,000$ 42,018,271$ Tax increments - 7,969,700 - - - - - - - - 7,969,700 Franchise fees & other taxes 877,000 - 1,200,000 1,000,000 - - - - - 105,000 3,182,000 Special assessments - - - - - - - - - 4,281,222 4,281,222 Licenses and permits 5,179,514 - - - - - - - - 79,000 5,258,514 Intergovernmental 1,753,218 - - - 125,000 - - - - 950,000 2,828,218 Charges for services 5,434,930 2,000 - - - - - - - 200,000 5,636,930 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 476,700 - - 7,000 - 172,061 2,500 2,500 - - 660,761 Transfers 50,000 - - - - - - - 2,955,444 250,000 3,255,444 Debt issued - - - - - - - - - 3,144,387 3,144,387 Other financing sources 28,135 - - - - - - - - - 28,135 TOTAL REVENUES AND OTHER FINANCING SOURCES 48,885,968 8,437,158 1,201,060 1,012,190 125,000 172,066 4,507 22,985 6,614,844 13,364,609 79,840,387 EXPENDITURES AND OTHER FINANCING USES - BY DEPARTMENT Administration 2,379,841 6,265,853 - 896,453 - - - - - - 9,542,147 Communication & tech.1,404,409 - - - - - - - - 91,000 1,495,409 Human resources 1,317,285 - - - - - - - - - 1,317,285 Finance 1,220,537 - - - - - - - - - 1,220,537 Public works 7,040,222 - - - - - - - - 1,406,724 8,446,946 Engineering 1,995,995 - 1,142,287 - - - - - - 5,102,516 8,240,798 Police 14,712,978 - - - - 147,882 - - - 1,271,450 16,132,310 Fire 10,642,843 - - - - - - - - 110,000 10,752,843 Parks & recreation 6,134,968 - - - - - - 14,600 - 93,000 6,242,568 Community development 2,036,890 - - - 125,000 - - - - - 2,161,890 Debt service - - - - - - - - 7,287,877 - 7,287,877 Transfers - - - - - - - - - 2,955,444 2,955,444 TOTAL EXPENDITURES AND OTHER FINANCING USES 48,885,968 6,265,853 1,142,287 896,453 125,000 147,882 - 14,600 7,287,877 11,030,134 75,796,054 EXPENDITURES AND OTHER FINANCING USES - BY TYPE Personal services 34,263,697 190,353 120,202 165,109 - - - - - 104,740 34,844,101 Contractual services 7,183,342 1,363,000 75,000 123,100 125,000 92,882 - 14,000 - 303,671 9,279,995 Commodities 2,588,433 2,500 15,000 - - 7,500 - 600 - 24,151 2,638,184 Internal services 4,850,496 - 7,860 8,244 - - - -- 1,152 4,867,752 Equipment - - - - - 47,500 - -- 2,448,460 2,495,960 Capital outlay - 4,710,000 924,225 600,000 - -- -- 5,192,516 11,426,741 Debt service - - - - - -- -7,287,877 - 7,287,877 Transfers - - - - - -- -- 2,955,444 2,955,444 TOTAL EXPENDITURES AND OTHER FINANCING USES 48,885,968 6,265,853 1,142,287 896,453 125,000 147,882 - 14,600 7,287,877 11,030,134 75,796,054 CHANGE IN FUND BALANCE -$ 2,171,305$ 58,773$ 115,737$ -$ 24,184$ 4,507$ 8,385$ (673,033)$ 2,334,475$ 4,044,333$ 2021 GOVERNMENTAL FUND BUDGETS 11/23/2021 Attachment A