Title
Resolution Amending the 2025 Housing Trust Fund Project Budgets to Reflect the 2025 Adopted Budget Excluding Contingencies, Citywide
Body
WHEREAS, the adopted 2025 budget for the Housing and Redevelopment Authority of the City of Saint Paul (“HRA”) included revisions to prior year project budgets for the Housing Trust Fund; and
WHEREAS, the 2025 HRA adopted budget for the Housing Trust Fund also included a plan to use prior year project budgets for new projects; and
WHEREAS, the 2025 HRA Housing Trust Fund project budgets require amendment to include revisions of prior year project budgets and to establish 2025 new project budgets; and
WHEREAS, the 2025 HRA Housing Trust Fund is in the HRA Development Capital Fund; and
WHEREAS, by HRA RES 17-809, budget amendments transferring budget amounts between projects within the HRA Development Capital Fund in excess of $100,000 require a resolution adopted by the HRA Board of Commissioners; and
WHEREAS, a budget to actual year-end report to the HRA is required for projects budgeted by this amendment and described in lines 56-62 in the attached financial analysis; 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 Development Capital Projects Fund budget be amended, as shown in the attached financial analysis.
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.