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3.5 HRSR 12-03-2012 Car of Elk REQUEST FOR ACTION River TO ITEM NUMBER Housing Redevelopment Authority 3.5 AGENDA SECTION MEETING DATE PREPARED BY Consent December 3, 2012 Annie Deckert, Director of Economic Development ITEM DESCRIPTION REVIEWED By Approve budget amendment to the Contractual Services line Tim Simon, Finance Director item in the HRA budget REVIEWED BY Cal Portner, City Administrator ACTION REQUESTED Approve budget amendment in the amount of$28,356.50 to the Contractual Services line item in the HRA budget. BACKGROUND/DISCUSSION On March 5, 2012, the HRA authorized improvements for 724 Main Street (Elk River Meats),which resulted in the repair of the east wall of the building due to the demolition of 716 and 720 Main Street. The 2012 budget was amended with the approval of the parking lot construction contract,however the amendment did not include the repairs to the east wall of Elk River Meats. FINANCIAL IMPACT A total of$28,500 will be allocated out of the HRA development fund balance into the Contractual Services line item. Action Motion by Second by Vote Follow Up reirEate C:A Users\dhuebner\llocuments\12-3-12 budget amendment.doca NATURE