2. HRSR 08-07-2023
Request for Action
To Item Number
Housing and Redevelopment Authority 2.
Agenda Section Meeting Date Prepared by
Work Session August 7, 2023 Brent O’Neil, Economic Development Director
Item Description Reviewed by
2024 Budget and Goals Cal Portner, City Administrator
Reviewed by
Action Requested
Discuss the preliminary budget for 2024 and provide direction to staff.
Background/Discussion
Staff has prepared preliminary budget and goals worksheets for 2024. The work session will focus on refining
budget items based on 2024 goals, objectives and initiatives of the board. Following the work session, staff will
incorporate the board’s feedback and direction into final budget documents for the HRA’s adoption at its next
regular meeting, and the City’s Council’s inclusion in the preliminary levy in September.
Financial Impact
N/A
Mission/Policy/Goal
HRA bylaws require a budgeting workshop prior to formal consideration of the budget in September.
Attachments
2024 Preliminary HRA Budget and Goals Worksheets
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional
service, and community engagement that encourages and inspires prosperity.
Updated: January 2023
2024 BUDGET DETAIL
Dept:910-6100 - Housing & Redevelopment Authority
Acct.20232024
202020212022
Explanation/Detail of Supplies or Services
No.BUDGETBUDGET
ActualActualActual
REVENUES:
3111Property Taxes 369,901 320,897 328,888 402,200 495,100
3322MV Credit 177 176 192 -
3414Development Fee - - - -
3621Interest Income 8,825 5,541 4,178 6,500 5,000
3629Miscellaneous Revenue 10,167 - - -
TOTAL HRA REVENUES 389,070 326,614 333,258 408,700 500,100
EXPENDITURES:
PERSONAL SERVICES
4101Regular Pay 68,173 55,741 62,199 75,600 82,600
4104PERA 4,733 3,678 4,665 5,650 6,200
4105FICA 4,232 3,456 3,856 4,700 5,100
4107Medicare 990 808 902 1,100 1,200
4108Insurance 9,816 3,421 11,802 16,200 16,200
4109Workers Comp 293 322 344 350 350
TOTAL PERSONAL SERVICES 88,237 67,426 83,768 103,600 111,650
SUPPLIES
Office Supplies
4201 - 75 - 200
(shared with EDA) 200
Operating Supplies
4219 5,938 4,931 864 500 500
Downtown permanent fixtures 500 500
TOTAL SUPPLIES 5,938 4,931 939 500 500
SERVICES & CHARGES
Legal Fees
4304 6,380 8,451 4,266 6,000 8,000
Misc. 6,000 8,000
Professional Services
4319 10,734 18,096 850 10,000 32,000
General 10,000 2,000
Studies: Downtown Parking, Housing Update 30,000
Postage
4322 6 3 2 100 50
Postage 100 50
Travel, Conferences & Schools
4331 - 45 35 200 200
MREJ - Housing Seminars 200 200
Advertising/Marketing
4349 11,160 11,288 8,049 9,200 9,200
Housing Program Marketing Materials - printing 2,500 2,500
Seasonal Outreach 1,000 1,000
HRA/EDA Shared Website 5,700 5,700
Lead Forensics - Split between HRA/EDA -
Publishing
4359 72 624 80 350 350
Public hearing notices 350 350
Insurance
4361 4,534 2,670 - - -
Property insurance
Utilities
4389 21 - 63 - -
Building Maint. Services
4401 6,360 3,308 2,370 3,000 4,000
Lawn/snow removal 3,000 4,000
8/4/2023
Dept:910-6100 - Housing & Redevelopment Authority
Acct.20232024
202020212022
Explanation/Detail of Supplies or Services
No.BUDGETBUDGET
ActualActualActual
Software Services
4404 7,200 9,100
Placer Analytics 7,200 7,600
CitizenServe 1,500
Contractual Services
4409 127,919 1,502 25,659 27,750 27,750
Elk River HRA Rehab Program
CEE Administrative Fee 5,000 5,000
Hanging planters/downtown maintenance 22,750 22,750
Dues & Subscriptions
4433 247 247 7,125 300 800
Downtown Spotlight 300 300
Misc. 500
Property Taxes
4437 6,564 - - -
Miscellaneous
4440 286,941 - 200,000 255,000
Property acquisition (and P.A. Fund) 200,000 255,000
TOTAL SERVICES & CHARGES 460,938 46,234 48,499 264,100 346,450
CAPITAL OUTLAY
Land - - 185,426
4510
TRANSFERS OUT
40,500 41,500
4721General Fund 32,700 33,900 35,000 36,500 37,500
General Fund - plant maintenance 8,000 8,000 - -
4735Economic Development Authority (shared expenses) 3,500 3,500 3,500 4,000 4,000
TOTAL HRA EXPENDITURES 599,313 163,991 357,132 408,700 500,100
^^
REVENUES OVER/(UNDER) EXPENDITURES (210,243) 162,623 (23,874) - -
8/4/2023
Performance Measures & Goals for 2024
Division:Housing and Redevelopment
Completed by:Brent O'Neil
Date:August 3, 2023
Performance Measure2020 Actual2021 Actual2022 Actual2023 Estimated2023 YTD2024 Projected
Number of HRA Rehab Loan
applications approved200535
Rehab Loan Funds Outstanding
(year-end)$220,000 $160,000 $52,500 $165,000 $145,000 $250,000
Residential Property Re-
investment (by permit value)$1,330,000 $8,000,000 $17,800,000 $8,000,000 $11,100,000 $9,000,000
Number of Multi-family Units
Added (completions)87002250100
Division GoalGoal Objective/Task
Promote investment in residential properties within Elk River and target individuals interested in the blighted properties
Promote Preservation of Housing Stockprogram and the HRA Rehab Loan Program. Work with Sherburne County to identify tax forfeited properties. Protect
and strengthen rental properties.
Participate in the Downtown ER Business Association Meetings. Work with the DERBA to develop a beautification
plan for the Main Street Corridor and/or engagement of redesign for Main Street. Promote and/or modify the
Promote a Vital Downtown
Downtown Facade Improvement microloan program. Pursue strategic acquisition and sale of downtown
redevelopment property. Facilitate future use options for ER Meats site.
Target business owners interested in redevelopment blighted C/I properties. Work with the building department to
Enhance redevelopment opportunities for C/I propertiesidentify properties eligible for the blighted properties C/I program. Hold occasional discussions with various
departments (police, fire, building, and planning to discuss potential redevelopment opportunities.
Implement housing and development goals in the new Work in support of the goals and benchmarks set out in the comprehensive plan (approved in 2021), specifically those
comprehensive planin the housing and economic development sections, and coordinate programing to complement the vision of the plan.
Note
2022 actual res permits include $6,600,000 in reroofs
2023 actual res permits include $5,000,00 in reroofs