Title
Amending the 2025 Housing and Redevelopment Authority (HRA) Loan Enterprise Fund Budget to Reflect Carryover from the 2024 Budget for two Rental Rehab Program Projects, Districts 10 & 11, Ward 4
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul (“HRA”) adopted 2025 budget did not include carryover from the prior budget year for the Rental Rehab Program; and
WHEREAS, two Rental Rehab Program projects were approved in 2024 however the work is being done in 2025 and spending will occur in 2025; and
WHEREAS, the 2025 HRA Loan Enterprise Fund budget needs to be amended to include carryover from the 2024 budget for these two Rental Rehab Program projects; and
NOW, THEREFORE BE IT RESOLVED, by the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota that the 2025 HRA Loan Enterprise Fund budget be amended, as shown in the attached financial analysis; and
BE IT FURTHER RESOLVED that the Executive Director and staff of the HRA are authorized and directed to take all actions needed to implement this resolution.
Financial Analysis
See Attachment