Item Description:
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Approval of 2025 Hennepin County Housing and Redevelopment Authority levy and budget
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Resolution:
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BE IT RESOLVED, that Hennepin County Housing and Redevelopment Authority Board of Commissioners adopts a final tax levy of $22,186,537 for general operating purposes and a budget of $39,362,093 for 2025; and
BE IT FURTHER RESOLVED, that the 2025 Housing and Redevelopment Authority Budget, as proposed on September 17, 2024, be amended as follows:
1. That the 2025 Housing and Redevelopment Authority Operating (Fund 32) revenue budget be increased by $100,000, using unassigned fund balance; and that an interfund revenue transfer of $100,000 to the Hennepin County Housing and Economic Development department (Fund 10) be authorized for the purposes identified by Hennepin County Resolution 24-0373R1, clause 34; and
2. That the Hennepin County Housing and Redevelopment Capital Project 1011474: 2025 Affordable Housing be established in the 2025 Capital Budget (Fund 37); and that the 2025 revenue and expenditure authority be increased by $5,000,000 in property tax; and
3. That the Hennepin County Housing and Redevelopment Capital Project 1011475: 2025 Transit Oriented Development be established in the 2025 Capital Budget (Fund 37); and that the 2025 revenue and expenditure authority be increased by $2,200,000 in property tax; and
4. That the Hennepin County Housing and Redevelopment Capital Project 1011380: 2025 Economic Support Strategies be established in the 2025 Capital Budget (Fund 37); and that the 2025 revenue and expenditure authority be increased by $525,000 in property tax; and
5. That the Hennepin County Housing and Redevelopment Capital Project 1011473: 2025 Affordable Rental & Home Ownership Contracts be established in the 2025 Capital Budget (Fund 37); and that the 2025 interfund revenue transfer and expenditure authority for Capital Project 1011473 be increased by $7,939,908, using $2,200,000 of Hennepin County Local A...
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