7.1 HRSR 08-04-2014 Ec t Request for Action
River
To Item Number
Housing and Redevelopment Authority 7.1
Agenda Section Meeting Date Prepared by
General Business August 4,2014 Brian Beeman, Director of Economic
Development
Item Description Reviewed by
2015 HRA Budget and Resolution Establishing Jeremy Barnhart, Deputy Director, CODD
HRA Levy Reviewed by
Tim Simon, Finance Director
Action Requested
Review and approve the 2015 HRA Budget and attached Resolution establishing the HRA Tax Levy for
collection in year 2015. Following the HRA's action, the City Council must approve and certify the HRA
levy to Sherburne County by September 15, 2014.
Background/Discussion
The Economic Development Division consists of two separate budgets including:
• Economic Development Authority
• Housing& Redevelopment Authority
Revenues
The budget proposes maintaining the general operating levy at 0.0144% of estimated market value in
place since 2008. The State caps an HRA operating levy at 0.0185%.
Revenues generated from the HRA tax levy for the 2015 budget are estimated based on an estimated
market value of$1,907,026,900 as provided by the Sherburne County Assessor. This will generate
revenue of$274,612 plus an additional$4,500 in interest income.
Expenditures
The proposed 2015 budget was developed with the goals and action steps outlined in the 2013-2016
EDA Strategic Plan, the Mississippi Connections Downtown Plan, City Vision & Goals, and the branding
implementation plan.
Major initiatives from these documents include:
• Rehabilitating at least 12 properties by utilizing the new HRA Housing Rehabilitation Loan
Program
• Applying to the Small Cities Development Program (SCDP) Grant utilizing$50,000 in grant
leverage funds to rehabilitate other target areas of the city which will be developed through
coordination of the HRA and Central Minnesota Housing Partnership (CMHP)
• Updating the 2012 Market Housing Study
• Researching the Redevelopment of downtown north of Highway 10
r01111EHEI 8 1 ATURE
Major Changes
Direction from the budget workshop included the following changes:
Contractual Services: At the July 7, 2014 HRA budget workshop,it was decided to leave the $50,000 for
the Small Cities Development Program (SCDP) in the 2016 budget as a placeholder in the event that the
SCDP grant is not received in 2015.
Any non-spend funds remaining at the end of the year stay in the HRA fund for future housing and
redevelopment purposes/projects. If a non-budget item comes up in 2015 we can use the fund balance
and make a budget amendment.
As of June 30, 2014, the HRA has a cash balance available for Housing and Redevelopment purposes of
$1,013,050.
Financial Impact
The expenditure budget is $319,450.
Attachments
• Resolution Establishing the HRA Levy for Collection in Year 2015
• 2015 HRA Goals and Performance Measures (internal document used for budgeting process)
• Proposed 2015 Budget Detail Spreadsheet
• July 7, 2014 HRA Budget Workshop Packet
N.\Departments\Community Development\Economic Development\HRA\Administrative\Agenda\Year2014\8-42014 Regular\jb 7.1 sr HRA
2015 Budget Memo.docxN:\Departments\Community Development\Economic Development\HRA\Administrative\Agenda\Year2014\8-42014
Regular\7 1 sr HRA 2015 Budget Memo.docx
fl.(*.,
Elk
River
Resolution 14-
A Resolution of the City of Elk River Housing and Redevelopment Authority,
Establishing the Tax Levy for the Elk River Housing and Redevelopment
Authority for the City of Elk River, Minnesota
WHEREAS, Minnesota Statutes, Section 469.033, Subdivision 6, authorizes the Housing
and Redevelopment Authority to levy an amount not to exceed .0185 percent of the
estimated market value within the city to be used for housing and redevelopment purposes;
and,
WHEREAS, the Elk River Housing and Redevelopment Authority anticipates
expenditures in 2015 for various housing and redevelopment activities; and,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River,Minnesota, as follows: The Housing and Redevelopment Authority requests the City
Council of the City of Elk River, levy a tax in the amount of.01440 percent of the estimated
market value of the city for the benefit of the Authority to be used as provided by Minnesota
Statutes.
Passed and adopted this day of 2014.
Stewart Wilson, Chair
ATTEST:
Brian Beeman, HRA Executive Director
rIUEREI 1 ►
NATURE
Division Performance Measures & Goals for 2015
Division: Economic Development\HRA
Completed by: Brian Beeman
Date: May 12, 2014
Performance Measure 2013 Actual 2014 Estimated 2015 Projected
Rehabilitate at least 12 properties 0 0 12
Promote the Elk River HRA 0 Send direct mailings to Target Area Send direct mailing to Target Area
Rehabilitation Program 500 estimated 500 estimated
Promote Small Cities Development Send direct mailing to Target Area
Grant 500 estimated
Related Vision Statement
Division Goal Goal/Objective Comments
Promote Small Cities Development Mississippi Connections Priority Projects Central Minnesota Housing Partnership(CMHP)will apply to State SCDP
Program(SCDP)Grant program grant for Target Area income based housing rehabilitation funding.
Promote new Elk River HRA Mississippi Connections Priority Projects Send direct mailing to Target Area to promote the program.Work with
Rehabilitation Program CMHP to send Press Releases about success stories.
Update 2012 Market Housing Study FAST Study Update 2012 Housing study.As the market continues to evolve,the need
to understand gaps in the system is highlighted.
Research First-Time homebuyers Mississippi Connections Priority Projects, Based on phone calls from the public
program Economic Development Strategic Plan
Work to expand Senior Housing Housing Market Study,Housing Based on phone calls from the public
options Diversification
Downtown Redevelopment Plan Mississippi Connections Priority Projects Next step is to research redeveloping downtown north of Hwy 10.
2015-2016 BUDGET DETAIL SHEET
Dept: Housing&Redevelopment Authority
Acct. Explanation/Detail of Supplies or Services 2012 2013 2014 BUDGET 2015 BUDGET 2016 BUDGET
No. Actual Actual Detail I Total Detail I Total Detail I Total Comments:
PERSONAL SERVICES
4101 Regular Pay 51,230 40,310 56,450 54,050 57,700
4103 Part Time Pay 8,000
4104 PERA 3,691 2,730 4,100 4,050 4,300
4105 FICA 2,908 2,318 3,500 3,350 3,600
4107 Medicare 690 542 800 800 800
4108 Insurance 7,163 6,047 9,200 6,950 7,300
4109 Workers Comp 316 256 400 300 300
TOTAL PERSONAL SERVICES 65,988 52,203 62,450 69,500 74,000
SUPPLIES
4201 Office Supplies
(shared with EDA)
4212 Fuels&Lubes 1,40.,E 1,400
1,400 1,400
TOTAL SUPPLIES 1,400 1,400
OTHER SERVICES&CHARGES
4304 Legal Fees 1,584 217 10,000 10,000 10.040
Misc 10,000 10,000 10,000
4319 Other Professional Services 28,059 10,677 20,400 32,450 20.450
Downtown Plan implementation 20,000 20,000 20,000 Directional Signage&River's Edge Projects
Small Cities Development Grant 400 400 400 Application Fee
Solid Waste fee(downtown parking lot) 50 50
Housing Study 12,000 Update 2012 study starting in 2015
4322 Postage 257 61 7,000 7 TM 7,000 7,000 7,000 7.000
4331 Travel,Conferences&Schools 4.250 4, 0
To attend Housing workshops&Annual Residential
Misc Training 1,500 1,500 Real Estate Conf,Housing Conf
NDC Training 1,250 1,250 Housing Development Finance Professional(HDFP)
NDC Travel 1,500 1,500 Four Courses One per year
4349 Advertising/Marketing 1,149 15.000 12500 12.500
Housing programs-marketing 10,000 12,500 12,500 Advertising new Rehab Program&existing programs
Downtown Marketing-brand plan 5,000 Update downtown brochures event marketing
4359 Publishing 165 45 5.000 5,000 5,000
Housing Program(s)Pnnting 5,000 5,000 5,000 Update brochures,new Rehab Program
4361 Insurance 1,311 1.500
Insurance(open meeting law/Property in the open) 1,500
4389 Utilities 133 500 600
Downtown parking lot&light poles electncal usage
Water/electnc-ERMU 600 600
per Jennie avg $50/month
4401 Building Repair&Maint 6,431
716&720 Main
4409 Contractual Services 27,672 50.00q 150.000 150.000
Grant leverage funds-SCDP 50,000 50,000 50,000 For SCDP through CMHP State Grant Rehab Prograi
Elk River HRA Rehab Program 100,000 100,000 To fund internal Housing Rehab Program next 3 year
4437 Taxes&Licenses 500
Current rate is$23 p/mantI year to Sherbume
Solid Waste Fees Downtown Parking-moved to 4319 300 County Auditor
TOTAL OTHER SERVICES&CHARGES 66,761 11,200 109,200 221,800 209,600
CAPITAL OUTLAY
4530 Improvement Project Contract 174,815
TRANSFERS OUT 25,110 „ 25.750 20.750
4720 Transfers
4721 General Fund 15,000 18,200 22,850 23,250 23,250 Jeremy's salary
4735 Economic Development Authonty(shared expenses) 3,500 3,500 3,500 3,500 3,500
TOTAL HOUSING&REDEVELOPMENT AUTHORITY 326,074 65,103 218,000 319,450 311,950
7/30/2014
Workshop Meeting
of the
Elk Monday,July 7, p.m.
Housing & 5:0o p.m.
""�-.- Redevelopment Elk River City Hall
River Authority Upper Town Conference Room
AGENDA
I. CALL MEETING TO ORDER
2. CONSIDER AGENDA
3. DISCUSS 2015 HRA BUDGET GOALS & PRELIMINARY BUDGET
4. ADJOURN
This agenda is available in alternate formats upon a 72 hour advanced notice Auxiliary aids and services are also available upon a 72 hour
advanced notice.Please contact the City Clerk at 763.635 1000 to make a request Examples of alternate formats may include:large print,
Braille,audio tape,etc. Examples of auxiliary aids may include a sign language interpreter,assistive listening device,etc.
INATUREI ill . i t
City
of
El ,� Request for Action
River
To Item Number
Housing and Redevelopment Authority 3.0
Agenda Section Meeting Date Prepared by
N/A July 7, 2014 Brian Beeman, Director of Economic
Development
Item Description Reviewed by
Discuss 2015 HRA Budget&Budget Goals for Jeremy Barnhart, Deputy Director,CODD
adoption at the August 4,2014 Regular HRA
meeting. Reviewed by
Action Requested
Information presented for discussion only. Action is to be taken at the August 4, 2014 HRA meeting.
Background/Discussion
As part of the budget process,a budget workshop is advisable to allow for informal discussions regarding
the goals and objectives,major projects,and other items influencing the HRA budget.
To this end, staff has prepared a draft budget that attempts to address several of the goals outlined in the
strategic plan,downtown plan, the City's vision worksheet,and recent HRA discussion. In order to meet
the requirements of the HRA Bylaws, the HRA must approve the budget at their August 4,2014 regular
meeting and make recommendation to the City Council at the September 2, 2014 regular meeting.
The City Council is moving toward a biennial budget,so fiscal years 2015 and 2016 are shown on the
worksheet. The HRA will review the 2016 budget at this time, next year.
As drafted, the proposed expenditures are $319,450.
A recent law change now has the HRA levy rate being applied against Estimate Market Value versus
Taxable Market Value.
The HRA levy options are as follows:
1) Previous rate (.01440%) = tax revenue of$274,612 this would be if the HRA chose to draw down
reserves for the 2015 budget)
2) Balanced rate (.01651% = tax revenue of$314,950 (this would be if the HRA did not want to add or
draw against reserves for the 2015 budget)
3) Maximum rate (.01850%) = tax revenue of$352,780 (this would be if the HRA desires to add
additional revenues into the HRA reserves for 2015)
� eUEIEI IT
Template Updated 4/14 NAME
All levy options are applied against the Estimate Market Value obtained from Sherburne County of
$1,907,026,900. In addition to the tax levy we also calculate interest income of$4,500.
Executive Director, Brian Beeman to review the HRA Budget Goals and preliminary 2015 Budget.
Financial Impact
None.
Attachments
• HRA 2015 Budget Goals
• 2013-2016 EDA/HRA Strategic Plan
• HRA Budget Worksheet
IN.\Departments\Community Ikulapmcnt\€:eunomic elopmetat\I IR\\\drnmiaratn r ecnda\ c..ir2t1I-117-7-2014 Bud c t Wurkchop\tb 3 tt
sr€IR\Budgcr DItcu ton.doc\I)ucu„ '_2
Division Performance Measures & Goals for 2015
Division: Economic DevelopmenttHRA
Completed by: Brian Beeman
Date: May 12, 2014
Performance Measure 2013 Actual 2014 Estimated 2015 Projected
Rehabilitate at least 12 properties 0 0 12
Promote the Elk River HRA 0 Send direct mailings to Target Area Send direct mailing to Target Area
Rehabilitation Program 500 estimated 500 estimated
Promote Small Cities Development Send direct mailing to Target Area
Grant 500 estimated
Related Vision Statement
Division Goal Goal/Objective Comments
Promote Small Cities Development Mississippi Connections Priority Projects Central Minnesota Housing Partnership(CMHP)will apply to State SCDP
Program(SCDP)Grant program grant for Target Area income based housing rehabilitation funding.
Promote new Elk River HRA Mississippi Connections Priority Projects Send direct mailing to Target Area to promote the program.Work with
Rehabilitation Program CMHP to send Press Releases about success stories.
Update 2012 Market Housing Study FAST Study Update 2012 Housing study As the market continues to evolve,the need
to understand gaps in the system is highlighted.
Research First-Time homebuyers Mississippi Connections Priority Projects, Based on phone calls from the public
program Economic Development Strategic Plan
Work to expand Senior Housing Housing Market Study,Housing Based on phone calls from the public
options Diversification
Downtown Redevelopment Plan Mississippi Connections Priority Projects Next step is to research redeveloping downtown north of Hwy 10.
BUSINESS DEVELOPMENT
Attract new businesses and support existing businesses to increase the city's industrial tax base,
commercial tax base and employment base.
INDUSTRIAL STRATEGIES
> Promote available sites,encourage business retention and expansion to grow existing
light industrial base with business recruitment/attraction techniques
> Diversify economic base to include professional services,corporate campuses,energy-
related companies,and technology businesses
> Review existing programs,resources,and services and recommend improvements to
increase competitive advantage and support goals
> Explore creative economic development collaborations
> Utilize Energy City and its tools to recruit new and assist existing businesses
COMMERCIAL STRATEGIES
> Promote available sites,encourage business retention and expansion to grow existing
commercial base with business recruitment/attraction techniques
> Diversify economic base to include a wide variety of retail and service industries,as well
as additional fine dining opportunities
> Review existing programs,resources,and services and recommend improvements to
increase competitive advantage and support goals
> Explore creative economic development collaborations
Enhance commercial district through business recruitment and activities
ACTION STEPS
• Complete minimum of one BRE visit a month(manufacturers and top employers)and distribute
Business Finance Toolkit,Available Sites,Community Profile, Energy City Brochure, Business
Recycling Toolkit and other pertinent information.
• Promote available sites through exhibits at various expos(minimum 2x/yr.)
• Utilize 171x`FAST implementation plan to create a marketing piece for Nature's Edge Business
Center and an annual redevelopment action plan to monitor progress of implementation
• Partner with ERMU to identify applicable rebates for available city-owned property
• Promote applicable incentives through direct mailings(minimum 3x/yr.)
• Promote Elk River to the restaurant industry through website
(www.elkrivermn.gov/restaurants),direct mailings,Constant Contact email blasts and other
marketing venues
• Partner with Elk River Area Chamber of Commerce to coordinate Chamber goals with economic
development goals through various implementation tasks
• Utilizing economic development publications make contact with businesses looking to expand,
relocate,etc.
• Review Micro Loan Program and recommend improvements to increase competitive advantage
and support goals
• Partner with ECC and ERMU to explore a joint incentive to attract energy-related technology
businesses
• Partner with local schools and manufacturers to hold quarterly meetings to encourage students
to explore a career in manufacturing through plant tours,youth apprenticeship programs,
energy city tours and programs,and job shadowing
• Launch a powerful website for the Elk River Economic Development Department
• Demonstrate support for existing manufacturers and raise awareness regarding their impact on
the community through various promotional activities and tours during Minnesota
Manufacturers Week
• Identify target industries(e.g.data centers,energy-related companies,fine dining
establishments,etc.)and create specific marketing pieces to identify advantages and programs
to assist in business recruitment
• Host quarterly Manufacturers' Connection events with local manufacturers to promote financial
incentives, resources and relevant topics to promote business retention and appreciation
• Build a targeted industry and trade media databases and send press releases 6x per year.
• Produce an energy conservation best-practices brochure to provide to businesses
• Coordinate with Energy City to plan and market energy city events e.g. Energy City Business of
the Year
• Partner with Energy City and the Streets Department to promote proper disposal of Fats,Oils
and Grease through videos,flyers,emails,social media,and other media
REHABILITATION AND REDEVELOPMENT
Undertake strategies that facilitate rehabilitation and redevelopment of aging commercial, industrial
and residential areas to ensure private reinvestment and sustainability.
COMMERICAL/INDUSTRIAL STRATEGIES
> Maintain a listing of available commercial/industrial sites
> Promote available sites through various marketing initiatives
> Identify and examine potential areas for revitalization
> Review existing programs,resources,and services and recommend improvements to
increase our competitive advantage and support goals
> Enhance downtown commercial district through business recruitment and people-
generating activities
ACTION STEPS
• Update windshield survey quarterly and post on website
• Feature available property in quarterly'Energized by Development'electronic newsletter
• Promote www.elkriversites.com on billboard 1x/yr. (changed quarterly)
• Partner with downtown business association and civic groups to promote existing and explore
new downtown activities
• Partner with Elk River Area Arts Alliance to explore funding concepts for an arts center within
the downtown study area
• Create and distribute a survey to businesses to identify recommended improvements to existing
programs, resources and services,in addition to identifying preferred methods of
communication to improve Elk River business climate
• Identify current property owners'and businesses' interest in redevelopment efforts both north
and south of HWY 10 and in 1715t Focused Area Study area
• Create a redevelopment policy regarding capitalizing the HRA development fund and identify
parameters for purchasing parcels
• Create and distribute comprehensive business directory to promote downtown Elk River
• Partner with the Elk River Area Chamber of Commerce to hold annual event to promote
economic development resources and incentives(Juice Up Your Morning,Chamber luncheon,
Money Breakfast,etc.)
• Create a short video promoting available sites and applicable initiatives to distribute through
social media outlets,constant contact and website
RESIDENTIAL STRATEGIES
> Maintain listing of vacant/foreclosed properties
> Address housing gaps with Comprehensive Housing Market Study recommendations
• Proactively review neighborhoods annually to ensure all home are properly maintained
through the code enforcement process
> Seek and promote available programs to improve existing housing stock and incentivize
homeownership
> Provide educational opportunities regarding foreclosure prevention and housing
assistance programs
ACTION STEPS
• Continue to work with applicable departments and entities to maintain internal foreclosure
tracking spreadsheet
• Distribute MN Home Ownership Center foreclosure prevention, Energy City conservation
brochure, and Elk River Housing Toolkit information to local lenders, realtors,churches,non-
profits, builders,etc.(minimum 4x/yr.)
• Partner with staff to devise a neighborhood inspection plan to ensure all homes are properly
maintained through the code enforcement process
• Utilize housing intern to research programs available to Elk River residents to improve existing
housing stock and incentivize homeownership
• Partner with North Metro Realtors Association to explore the creation of in house housing
programs(down payment assistance, housing rehab,etc.)
• Partner with applicable non-profits(MNHOC,Tri-CAP,etc.)to hold educational events to
promote foreclosure prevention and housing programs(minimum 2x/yr.)
• Identify a partner housing organization to fund and support a selective housing removal and
rebuilding program
• Host an annual Realtors' Day to educate realtors about the programs, processes and amenities
offered by the city
COMMUNITY BRAND
Utilize community brand strategies to effect necessary changes to strengthen and enhance community
image
STRATEGIES
y Continue to implement and enhance marketing plan that reflects the Powered by
Nature brand, identifies desired target market(s),and complements other local efforts
to promote the community internally and externally
> Maintain existing and build new community support for the Powered by Nature brand
> Establish benchmarks for performance measurement
ACTION STEPS
• Work with area businesses and civic organizations to incorporate brand into their marketing
strategies through presentations(minimum 6x/yr.)
• Create PbN logos for area businesses and civic organizations(minimum 6x/yr.)
• Meet with each city department to ensure all documents(staff reports, applications, business
cards, presentations, letterhead,etc.)adhere to brand guidelines as outlined on SharePoint
• Maintain poweredbynature.blog.com site(minimum 3x/wk.)
• Distribute window clings and larger windows signs of the logo
• Distribute brochures explaining the brand to residents to municipal liquor stores,Guardian
Angels, Pullman Place,Sherburne County, local banks,Chamber of Commerce, local hotels,etc.
• Utilize community brand throughout the new Economic Development and citywide website
• Promote the brand, engage residents,and distribute materials at expos(3x per year)and at
events such as Realtors' Day, Leadership Elk River,and Manufacturers Connection
• Create profiles on first-tier business owners in Synchronist—a tracking software used to record
information on local businesses and visits
• Launch an online marketing campaign through pay-per-click and keyword advertising
• Benchmark the impact of the Powered by Nature brand with data from Google Analytics and a
search engine optimization analysis.
TRANSPORTATION
Advocate and support proactive planning for improvements to the local and area transportation system
in a way that will support existing businesses and complement new economic growth.
STRATEGIES
> Advocate regional and local transportation improvements
> Encourage transportation improvements as part of redevelopment/development
opportunities
> Support efforts to leverage local funds with state/federal resources
ACTION STEPS(submitted by City Engineer)
• Increase contact with legislators for state highway transportation improvements
• Complete low cost/high benefit enhancements to improve traffic flow through the existing
street intersections
• Advocate for the continued use and expansion of Northstar commuter rail service.
• Continue implementation of transportation improvements as detailed in the 171x`Focused Area
Study
• Assure all proposed development improvements are consistent with our local and regional
transportation plans.
• Leverage State and Federal investment for mobility improvements to TH 169 and TH 10 with the
already spent local dollars for the planning of improvements to these sections.
• Evaluate all available grant opportunities to determine if the local matching amounts are a cost
effective and feasible solution to support our objectives and strategies.
2015-2016 BUDGET DETAIL SHEET
Dept: Housing&Rsdsyslopmsnt Authority
Acct Explanation/Detail Supplies or Services 2012 2013 2014 BUDGET 2015 BUDGET 2016 BUDGET
No. Actual Actual ' Detail I Total Detail I Total Detail I Total Comments•
PERSONAL SERVICES
4101 Regular Pay 51,230 40,310 56,450 54,050 57,700
4103 Part Time Pay 8,000
4104 PERA 3,691 2,730 4,100 4,050 4,300
4105 FICA 2,908 2,318 3,500 3,350 3,600
4107 Medicare 690 542 800 600 800
4108 Insurance 7,163 8,047 9,200 6,950 7 300
4109 Workers Comp 316 256_ 400 300 300
TOTAL PERSONAL SERVICES 65.698 52203 62,450 69,500 74,000
5UPPLIEs
4201 Office Supplies
(shared with EGA)
4212 Fuels&Lubes _ 5,400 1400
1,400 1,400
TOTAL SUPPLES 1,400 1,400
OTHER SERVICES&CHARGES
4304 Legal Fees 1,564 217 10.000 10,000 10.000
Mac 10,000 10.000 10 000
4319 Other Professional Services 25,059 10,577 20,400 y450 20450
Downtown Pam impiementatron 20,000 20.000 20,000 Directional Signage&River's Edge Projects
Small Cities Development Grant 400 400 400 Application Fee
Solid Waste fee(downtown parking lot) _ 50 50
Housing Study 12,000 Update 2012 study starting in 2015
4322 Postage 257 61 7 000 7,000 7,000 7,000 7,000 7,000
4331 Travel,Conferences&Schools 4.250 4350
To attend Housing workshops&Annual Residential
Misc Training 1,500 1,500 Real Estate Conf,Housing Conf
NM Training 1,250 1,250 Housing Development Finance Professional(HOFP)
NOC Travel , 1,500 1,500 Four Courses One per year
4349 Adverbeing/Marlabng 1,149 15,000 13,500 12,500
Housing programs•marketing 10,000 12,500 12,500 Advertising new Rehab Program&existing programs
_
Downtown Marketing-brand plan 5,000 Update downtown brochures event marketing
4359 Publishing 165 45 5000 5.000 5,000
Housing Program(s)Pnneng 5,000 5,000 5 000 Update brochures,new Rehab Program
4361 Insurance 1,311 1,500
Insurance(open meeting law/Property in the open) 1,500,
4389 Utilities 133 600 OM
Downtown parking lot&light poles electrical usage
Waterletectnc-ERMU 600 600 per Jenrue avg 55o/month
4401 Building Repair&Mahe 6,431
716&720 Main
4409 Contractual Services 27,672 50.000 150,000 150,000
Grant leverage funds-SCOP 50,000 50,000 50,000 For SCOP through CMHP State Grant Rehab Program
Elk River HRA Rehab Program 100,000 100,000 To fund rnlemal Housing Rehab Program next 3 year
4437 Taxes&Licenses 300
Current rate is 523 plmo5N year to Sherbume
Solid Waste Fees Downtown Parking-moved to 4319 300 County Auditor
TOTAL OTHER SERVICES&CHARGES 66,761 11,200 106,200 221,600 201,100
CAPITAL OUTLAY
4530 Improvement Protect Contract 174,115
T ANSFERS OUT 25350 25.750 26.750
4720 Transfers
4721 General Fund 15,000 16,200 22,850 23,250 23,250 Jeremy's salary
4735 Economic Development Authonly(shared expenses) 3,500 3,500 3,500 3,500 3,500
TOTAL HOUSING i REDEVELOPMENT AUTHORITY 326,074 65,103 216,000 316,450 311,150
7/2812014