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11-02-2023 Housing and Redevelopment Authority November 2, 2023 7:00 PM Fridley City Hall, 7071 University Avenue NE Minutes Call to Order Chairperson Showalter called the Housing and Redevelopment Authority meeting to order at 7:00 p.m. Present Elizabeth Showalter Gordon Backlund Troy Brueggemeier Rachel Schwankl Kyle Mulrooney Others Present Paul Bolin, HRA Assistant Executive Director Joe Starks, Finance Director Action Items 1. Approval of Expenditures Motion by Commissioner Backlund to approve the expenditures. Seconded by Commissioner Mulrooney. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 2. Approval September 7, 2023, Meeting Minutes Motion by Commissioner Brueggemeier to approve the meeting minutes of September 7, 2023 as presented. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 3. Approval of HRA Meeting Dates for 2024 Motion by Commissioner Mulrooney to approve the HRA meeting dates for 2024 as presented. Seconded by Commissioner Brueggemeier. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. Housing and Redevelopment Authority 11/02/2023 Minutes Page 2 Informational Items 4. Proposed 2024 Budget Joe Starks, Finance Director, provided background information on the budget process for the HRA, th noting that formal approval of the budget will be considered by the HRA at its December 7 meeting. He provided details on the proposed 2024 budget including revenue, expenditures, and other items of note. Commissioner Brueggemeier asked for more details on the deficit of $381,000 in the proposed budget. Mr. Starks replied that the deficit assumes that the entire $1,000,000 would be spent that rd was set aside for the 73 connection. He noted that the HRA does have a healthy fund balance and therefore it would not be abnormal to spend more than what was coming in. Commissioner Schwankl asked if the additional quarter percentage could be placed in Fund 20 or whether it would be Fund 1. Mr. Starks replied that there would be continued discussion on what that would be used for, but it would likely go into the Housing Loan Fund. He stated that the HRA will have additional discussion on that topic going forward. 5. Update on Housing Programs Mr. Bolin provided an overview of the October and year-to-date activity of the housing programs, noting that they are ahead of last year at this time. Adjournment Motion by Commissioner Brueggemeier to adjourn the meeting. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chairperson Showalter declared the motion carried and the meeting adjourned at 7:14 p.m. Respectfully submitted, Melissa Moore City Clerk