2.0 HRSR 08-03-2020 �__ty
Elk
River - Request for Action
To Item Number
Housing and Redevelopment Authority 2.0
Agenda Section Meeting Date Prepared by
Budget Discussion August 3,2020 Amanda Othoudt,ED Director
Item Description Reviewed by
Discuss 2021 HRA Budget&Budget Goals Lori Ziemer,Finance Director
Reviewed by
Cal Portner, City Administrator
Action Requested
Information presented for discussion only. Action is to be taken at the September 8,2020, 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.
The draft budget addresses several of the goals outlined in the strategic plan,Mississippi Connections Plan, the
city's vision worksheet, and recent HRA discussions. To meet HRA bylaws, the budget must be approved by
September 8, 2020, and make recommendation to the City Council that evening.
As drafted,the proposed 2021 expenditures are $472,450, an increase of$94,200 over this year. It includes
decreases to Postage, Insurance, and Building repair/maintenance Services. Increases are proposed in Publishing and Dues
and Subscrpvions. Most of the proposed expenditure increase is for property acquisition.
The HRA levy options are as follows:
1. Previous levy of$370,250
2. Maximum levy not to exceed .0185 percent of the county's estimated market value.
3. Balanced levy of 321,450
All levy options are applied against the Estimated Market Value obtained from Sherburne County. This
information is not yet available from Sherburne County. In addition to the tax levy we also calculate interest
income of$5,500.
Financial Impact
N/A
Mission/Policy/Goal
HRA Bylaws require the Executive Director to prepare a budget and present it to the Commissioners of the
Authority for consideration in August of each year.
Attachments
■ HRA 2021 Budget Worksheet
■ HRA 2021 Goals
The Elk River Vision
A welcoming community with revolutionary and spirted resourcefulness, exceptional service,and commum-0
engagement that encourages and inspires prosperity P U w E A E U 8 T
w'iAURE
2021 BUDGET DETAIL SHEET
Dept: Housing&Redevelopment Authority
Acct. Explanation/Detail of Supplies or Services 2017 2018 2019 2020 2021
No. I Actual Actual Actual Detail BUDGET Detail BUDGET
REVENUES:
3111 Property Taxes 290,146 290,054 315,352 370,250 321,450
3322 MV Credit 164 152 163 -
3414 Development Fee - - 589 -
3621 Interest Income 8,664 10,200 11,608 8,000 5,500
3629 Miscellaneous Revenue 7 - 35 -
TOTAL HRA REVENUES 298,981 300,406 327,747 378,250 326,950
EXPENDITURES:
PERSONAL SERVICES
4101 Regular Pay 59,914 65,184 67,200 71,050 74,950
4104 PERA 4,494 4,889 5,040 5,350 4,650
4105 FICA 3,716 4,035 4,168 4,400 4,650
4107 Medicare 869 944 975 1,050 1,100
4108 Insurance 7,794 10,292 10,637 11,200 11,750
4109 Workers Comp 270 315 302 350 350
TOTAL PERSONAL SERVICES 77,057 85,659 88,322 93,400 97,450
SUPPLIES
4201 Office Supplies 42 - - - -
shared with EDA -
4219 Operating Supplies - - 4,420 5,000 5,000
Downtown permanent fixtures 5,000 5,000
TOTAL SUPPLIES 42 - 4,420 5,000 5,000
OTHER SERVICES&CHARGES
4304 Legal Fees 3,923 3,394 5,523 5,000 6,000
Misc. 5,000 6,000
4319 Other Professional Services 8,525 23,016 13,024 23,050 -
Downtown Plan implementation
23,050 -
4322 Postage 75 20 11 3,500 3,500 100 100
4331 Travel,Conferences&Schools 1,210 596 44 200 200
MREJ-Housing Seminars 200 200
4349 Advertising/Marketing 9,612 10,512 10,430 11,200 11,200
Housing Program Marketing Materials-printing 2,500 2,500
Holiday Cards-Expanded Area 1,800 1,800
HRA/EDA Shared Website 5,700 5,700
Lead Forensics-Split between HRA/EDA 1,200 1,200
4359 Publishing 552 637 312 250 325
Public hearing notices 1250 325
4361 Insurance 53 924 2,682 3,500 -
Property insurance 3,500 -
4389 Utilities 334 243 68 250 250 - -
4401 Building Repair/Maint.Services 79,848 3,930 5,380 4,000 4,000
Lawn/snow removal 4,000 4,000
4409 Contractual Services 16,800 11,675 4,021 180,000 157,000
Blighted Properties Program Funding
Elk River HRA Rehab Program 180,000 150,000
CEE Administrative Fee 7,000
4433 Dues&Subscriptions 237 237 236 250 275
Downtown Spotlight 250 275
4437 Property Taxes 629 5,761 4,746 4,450 4,450 -
4440 Miscellaneous - 354,197 156,501 - 145,500
Property acquisition - 145,500
TOTAL OTHER SERVICES&CHARGES 121,798 415,142 202,978 235,650 324,600
TRANSFERS OUT 44,200 45,400
4721 General Fund 24,750 30,000 31,500 32,700 33,700
General Fund-plant maintenance - - - 8,000 8,200
4735 Economic Development Authority shared expenses) 3,500 3,500 3,500 3,500 3,500
TOTAL HRA EXPENDITURES 227,147 534,301 330,720 378,250 472,450
A
REVENUES OVER/(UNDER)EXPENDITURES 71,834 (233,895) (2,973) - (145,500)
7/31/2020
Division Performance Measures & Goals for 2021
Division: Housing and Redevelopment
Completed by: Amanda Othoudt
Date: June 3, 2020
Performance Measure 2019 Actual 2020 Estimated 2021 Projected
Number of new applications for 2 6 6
HRA Rehab Loan
Blighted Properties Residential
and Commercial/Industrial 0 1 1
Forgivable Loan Program
Division Goal Goal Objective/Task
Target individuals interested in the blighted properties
Promote Preservation of HRA Housing Stock program and the HRA Rehab Loan Program.Work with
Sherburne County to identify tax forfeited properties. Protect
and strengthen rental properties.
Participate in the Downtown Rivers Edge meetings.Continue
to implement the Mississippi Connections Plan.Work with the
DT Association to develop a beautification plan for the Main
Promote a Vital Downtown Street Corridor. Continue to promote the permanent fixture
policy on behalf of the HRA to install and maintain permanent
public fixtures downtown. Promote the Downtown Facade
Improvement microloan program.
Target business owners interested in redevelopment blighted
Enhance redevelopment opportunities for C/I properties C/I properties.Work with the building department to identify
properties eligible for the blighted properties C/I program
2021 Proposed Marketing/Advertising $11,200
Quantity or
Cost
Item Description Impressions Purpose Budget
HRA ad in Star News-spring/winter/home improvement insert run for 8 weeks $2,880.00 $360/week
HRA ad in Star News-online run for 8 weeks $560.00 $70/week
Total Housing program $3,440.00
Holiday cards $500.00
EDA/HRA website $5,700.00 shared with EDA
EDA/HRA Lead Forensics $1,200.00 shared with EDA
Marketing materials- printing $360.00
Total Advertising/Marketing $11,200.00