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<br />Consent: J ~ <br /> <br />, <br />REVIEW AND ADOPT 2008 HOUSING AND REDEVELOPMENT AUTHORITY OPERATING <br />BUDGET <br /> <br />By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />Attached for your review and consideration is the 2008 Proposed Housing and Redevelopment Authority <br />Budget. This is the same budget that was presented at the time of the HRA Levy adoption in September and <br />represents the same total expenditures and revenues as was adopted for the 2007 budget. <br /> <br />The financing source for these operations is interest earnings and property taxes from the HRA levy. <br />The HRA budget will outline the expenditures associated with staff time, consultants, and the purchase of <br />redevelopment property/properties. <br /> <br />. Also attached to this case is a resolution amending the 2007 activity. This is primarily a "housekeeping" item <br />and is done on an annual basis. The projections through the end of the year are based on actual activity. <br /> <br />Funding Source: <br /> <br />Budget is supported by the 2008 property tax levy. <br /> <br />Staff Recommendation: <br /> <br />Approve attached Resolution #08-01-XXX Adopting the 2008 Housing and Redevelopment Authority <br />Operating Budget; <br />And <br />Approve attached Resolution #08-01-XXX amending the 2007 Housing and Redevelopment Authority <br />Operating Budget. <br /> <br />Council Action: <br /> <br />Motion to recommend Council adopt Resolution #08-01- XXX Adopting the 2007 Housing and Redevelopment <br />Authority Operating Budget, <br /> <br />And <br />Motion to recommend Council adopt Resolution #08-01-XXX amending the 2006 Housing and Redevelopment <br />Authority Operating Budget. <br /> <br />Reviewed By: <br /> <br />&sL~O <br /> <br />. <br /> <br />City Administrator: <br />Finance Officer <br /> <br />CC: 1/08/08 <br /> <br />-103- <br />