2007-09-11PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS.
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AGENDA
MOUND-HO:U~ING & REDEVELOPMENT AUTHORITY
REGULAR MFE,ETXNG .
TuEsDA, s~PTE$~~ ~1,:-~0~~-- 7:?o PM
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MOIIND'~C'ZTIj.E'OITI~C~. ~IA~MB~~2S
Page
1. Open meeting
2. Action approving agenda, with any amendments
3. Action approving minutes: August 28, 2007 -Regular Meeting 1
• 4. Action adopting resolution authorizing the levy of a Special Benefit 2-3
Levy pursuant to Minnesota Statutes, Section 469.033, Subdivision
6, and approval of a budget for Fiscal Year 2008
5.
Adjourn
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MOUND HOUSING AND REDEVELOPMENT AUTHORITY
AUGUST 28, 2007
The Mound Housing and Redevelopment Authority in and for the City of Mound,
Minnesota, met in regular session on Tuesday, August 28, 2007 at 7:25 p.rn. in
the council chambers of city half.
Members present: Chair Mark Hanus; Commissioners David Osmek, Mike
Specht, John Beise and Greg Skinner
Others present: Executive Director Kandis Hanson, City Clerk Bonnie Ritter,
Community Development Director Sarah Smith, Public Works Director Carlton
Moore, Amanda Schwarze, Cindy Reiter
1. Open meeting
Chair Hanus called the meeting to order at 7:25 p.m.
2. Approve agenda
MOTION by Specht, seconded by Beise to approve the agenda. All voted in
favor. Motion carried.
3. Approve minutes
MOTION by Osmek, seconded by Beise to approve the minutes of the August
14, 2007 meeting. All voted in favor. Motion carried.
4. Indian Knoll Manor Manager's Monthly Report
Cindy Reiter presented the monthly report as follows:
A. July bank statement
B. June income statement
C. Review of bills paid: MOTION by Osmek, seconded by Specht to
approve payment of the bills for July, 2007. All voted in favor. Motion
carried.
D. Manager's report: They are remodeling the laundry room, and the HRA
is invited to a September 18t" potluck.
5. Adjourn
MOTION by Osmek, seconded by Specht to adjourn at 7:27 p.m. All voted in
favor. Motion carried.
Chair Mark Hanus
Attest: Bonnie Ritter, City Clerk
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HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MOUND
RESOLUTION NO.
AUTHORIZING THE LEVY OF
A SPECIAL BENEFIT LEVY PURSUANT TO MINNESOTA STATUTES,
SECTION 469.033, SUBDIVISION 6 AND APPROVAL
OF A BUDGET FOR FISCAL YEAR 2008
WHEREAS the housing and redevelopment Authority in and for the City of Mound
(the "HRA") has been duly established and operates under Minnesota Statutes, Sections
469.001 to 469.047 (the "HRA Act"); and
WHEREAS, Section 469.033, Subdivision 6, of the HRA Act permits the HRA to
levy and collect a special benefit levy of up to .0144 percent of taxable market value in the
City upon all taxable real property within the City in order to finance housing and
redevelopment activities authorized under the HRA Act; and
WHEREAS, the HRA currently administers it's Development District No. 1 (the
"Project"), which constitutes a redevelopment project under the HRA Act; and
WHEREAS, as part of its overall redevelopment objectives for the Project, the HRA
intends to construct the Mound Transit Center (the "Transit Center") to serve the Project, and
WHEREAS, the HRA intends to finance a portion of the Transit enter through
issuance of bonds secured by the special benefit levy; and
WHEREAS, the HRA has reviewed a budget for its operations for fiscal year 2008,
which budget earmarks the special benefits levy to pay debt service and any other costs
related to the construction, operation and maintenance of the Transit Center (see attached
Exhibit): and
WHEREAS, the amount of the levy for collection in 2008 shall be based on this
budget.
NOW, THEREFORE, be it resolved by the Board of Commissioners of the Housing
and Redevelopment Authority in and for the City of Mound as follows:
1. The budget of $190,418 for costs of the Transit Center in fiscal year 2008
is hereby in all respects approved.
2. Staff of the HRA are hereby authorized and directed to file the budget
with the City in accordance with Minnesota Statutes, Section 469.033, Subdivision 6.
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3. The Board approves a special benefit levy for taxes payable in 2008
pursuant to Minnesota Statutes, Section 469.033, Subdivision 6, in the amount of
$190,418, subject to consent of the City Council of the City.
4. Staff of the HRA are hereby authorized and directed to seek the approval
by resolution of the City Council of the City of the levy of special benefit taxes in 2008,
certify such proposed special levy with the Hennepin County Auditor by September 15,
2007, certify the final levy with the County Auditory by December 20, 2007 and take
such other actions as are necessary to levy and certify such levy.
Approved this 11~' day of September, 2007 by the Board of Commissioners of the
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Housing and Redevelopment Authority in and for the City of Mound.
Chair
ATTEST:
Secretary
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