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<br />REVIEW AND ADOPT 2010 HOUSING AND REDEVELOPMENT AUTHORITY <br />OPERATING BUDGET <br /> <br />By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />Attached for your review and consideration is the 2010 Proposed Housing and Redevelopment <br />Authority Budget. This is the same budget that was presented at the time of the HRA Levy <br />adoption in September and now needs to be formally adopted. <br /> <br />The financing source for these operations is interest earnings and property taxes from the HRA <br />levy. <br /> <br />The HRA budget will outline the expenditures associated with such items as staff time, <br />consultants and parking ramp maintenance. As the HRA was the entity that acquired the Ramsey <br />Town Center Parcel, the majority of the HRA expenditures will be related to Town Center <br />Activities. '. <br /> <br />Also attached to this case is a resolution amending 2009 activity. This -is primarily a <br />"housekeeping" item and is done on an annual basis. The projections through the end of the year <br />are based on actual activity. <br /> <br />Funding Source: <br /> <br />Budget is supported by the 20 1 0 property tax levy. <br /> <br />Staff Recommendation: <br /> <br />Approve attached Resolution #HRA-I0-02-XXX Adopting the 2010 Housing and <br />Redevelopment Authority Operating Budget; <br />And <br />Approve attached Resolution #HRA-I0-02-XXX amending the 2009 Housing and <br />Redevelopment Authority Operating Budget. <br /> <br />Board Action: <br /> <br />Motion to recommend HRA adopt Resolution #HRA-I0~02-XXX Adopting the 2010 Housing <br />and Redevelopment Authority Operating Budget, <br /> <br />And <br />Motion to recommend HRA adopt Resolution #HRA-I0-02-XXX amending the 2009 Housing <br />and Redevelopment Authority Operating Budget. <br /> <br />CASEl'l1 <br />