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File #: RES 15-1612    Version: 1
Type: Resolution Status: Archived
In control: Housing & Redevelopment Authority
Final action: 9/9/2015
Title: Resolution of the HRA Board of Commissioners approving 2016 HRA proposed budget and certifying the proposed HRA tax levy payable in 2016.
Sponsors: Amy Brendmoen
Attachments: 1. Board Report

Title

Resolution of the HRA Board of Commissioners approving 2016 HRA proposed budget and certifying the proposed HRA tax levy payable in 2016.

 

Body

WHEREAS, staff has presented the 2016 HRA proposed budget to the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (“HRA”) for its consideration; and

 

WHEREAS, the HRA Board of Commissioners, in order to comply with the State of Minnesota’s Truth-In-Taxation laws, MN. Stat. Section 275.065 Subdivision 1, must certify a proposed property tax levy payable in 2016 to Ramsey County by September 15, 2015: and

 

WHEREAS, the HRA proposed property tax levy payable in 2016, is $3,278,148, calculated as follows:

 

Levy Budget Revenue for HRA General and Loan Enterprise Fund  $3,212,585

2.0% Delinquency Allowance                                                                    65,563

Proposed HRA Tax Levy                                                                    $3,278,148

 

NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota as follows:

 

1. The 2016 Proposed Budget is accepted and approved.

2. The proposed HRA property tax levy for tax payable in 2016 in the amount of $3,278,148 is approved and certified to Ramsey County for use in calculating the Truth-in-Taxation Notification.

 

 

 

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