Item Description:
title
Authorize supplemental appropriation to amend the 2026 HCHRA Budget; Authorize interfund cash transfers to support Small Business Recovery Fund program
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Resolution:
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BE IT RESOLVED, that the Hennepin County Housing and Redevelopment Authority's (HCHRA) expenditure authority for Capital Project (Fund 37) 1009001 (HRA: Community Asset Transition Fund) be decreased by $261,250; that the expenditure authority for Capital Project (Fund 37) 1006758 (HRA: Transit Oriented Development 2019-2023) be decreased by $398,360; that the expenditure authority for Capital Project (Fund 37) 1012018 (HRA: Transit Oriented Communities 2026) be decreased by $500,000; and that an appropriation transfer of $1,159,610 be authorized from HCHRA Capital Projects (Fund 37) to HCHRA Operating (Fund 32); and that the Controller be authorized to transfer and disbursed funds as directed; and
BE IT FURTHER RESOLVED, that the 2026 HCHRA Operating (Fund 32) expenditure budget increase by $2,019,610, funded through an appropriation transfer from the HCHRA Capital Project's (Fund 37) described herein ($1,159,610) and use of HCHRA Operating (Fund 32) unassigned fund balance ($860,000); that these funds be authorized to assist local businesses to survive and recover from the economic impacts of Operation Metro Surge, thereby helping to prevent wide-spread business closures, job loss, commercial vacancies, and blight in Hennepin County; and that the Controller be authorized to transfer and disburse funds as directed; and
BE IT FURTHER RESOLVED, that the Executive Director be authorized to negotiate Amendment 1 to Agreement PR00007976 with NextStage, Inc. with no change to the contract period of January 1, 2026 through December 31, 2026 and increasing the not to exceed amount by $2,019,610 (including administrative fees up to $30,294) for the purpose of administering and disbursing the Hennepin County Small Business Recovery Fund to a new total not-to-exceed amount ...
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