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5.01: Adopt Resolution Approving Proposed 2013 HRA Levy Finance Director Lund presented the 2013 HRA Levy in the amount of $328,567. Commissioner Tossey arrived at 8:27 p.m. Development Manager Lazan answered questions of the HRA related to the parking ramp and addressed allocation of stalls and assignment of costs for the parking lot. The consensus of the HRA was to schedule a Work Session discussion of how to develop a maintenance fund for the parking ramp. HRA Executive Director Ulrich stated Development Manager Lazan has put together concepts on revenue sources to show how land proceeds coming from development can support HRA expenditures. He noted the question remains about the availability of Anoka County HRA funds of $236,000 so staff recommends approval of a maximum HRA levy with the understanding it can be lowered upon final adoption. Development Manager Lazan presented the proposed 2013 HRA budget using $100,000 as the levy, noting anticipated expenses, revenue sources, and land sale proceeds. He stated the intent is to develop a work plan and budget based on actual costs and to compare revenue options prior to making decision on the final levy. The HRA discussed the 2013 HRA Levy, with the majority indicating they would not support levying to the maximum. The HRA also discussed the need to account for and expediently repay dollars borrowed from other funds. Motion by Commissioner Backous, seconded by Commissioner Elvig, to adopt a resolution Authorizing the Approval of the Proposed 2013 HRA Levy in the Amount of $100,000. Further discussion: The HRA discussed whether an HRA levy of $100,000 would be adequate in the event that Anoka County HRA funds are not approved or land sale proceeds are slower than anticipated. Finance Director Lund stated she has not yet looked at the draft HRA budget prepared by Development Manager Lazan. She recommended the HRA consider a levy of $187,268 that would also cover salary and benefits. Amendment motion by Commissioner Wise, seconded by Commissioner Ramsey, to adopt Resolution #HRA -12 -09 -007, Authorizing the Approval of the Proposed 2013 HRA Levy in the Amount of $187,268. Further discussion: The HRA asked Finance Director Lund to review and make recommendation on the budget being prepared by Development Manager Lazan prior to its formal presentation. Following discussion, the consensus of the HRA was to direct staff to make a $236,000 funding request of the Anoka County HRA, noting these funds had already been levied from Ramsey's residents. HRA Executive Director Ulrich indicated this request can go before the Anoka County HRA in October. Housing and Redevelopment Authority / September 11, 2012 Page 2 of 5