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Regular City Council Meeting Monday,December 03, 2012 Page 20 HRA had missed an opportunity with one such property along the Rice Street corridor as no funding mechanism was in place. Mr. Trudgeon recognized that this would not be a revenue generating source; and that no properties had been identified at this point. Mr. Trudgeon advised that it was the hope of the HRA that a revolving fund could be created, and if successful, would eliminate the need for this line item to recur on annual budget and levy requests. Mr. Trudg- eon advised that this would support one of the goals of the HRA Strategic Plan to improve the community's housing stock. Willmus moved, Pust seconded, adoption of Resolution No. 11031 entitled, "A Resolution Submitting the Housing and Redevelopment Authority in and for the City of Roseville, Special Property Tax Levy on Real Estate, to the Ramsey County Auditor for the Fiscal Year of 2013;"in the amount of$698,471. McGehee moved, Roe seconded for discussion purposes, an amendment to re- duce the total levy and budget request by $200,000 to eliminate this entirely new proposed program for the housing replacement program. Councilmember McGehee stated that her rationale in eliminating this amount was based on the energetic program identified by the HRA in their Strategic Plan, and intent to embark on a multi-family housing policy, the economic de- velopment program to create policies; and the large Dale Street project. Coun- cilmember McGehee opined that she felt it wise and not inappropriate to hold this $200,000 for consideration in the next year's budget. Should a property come forward, Councilmember McGehee suggested that the HRA bring it to the City Council's attention for discussion at that time. At the request of Finance Director Miller for clarification, Mr. Trudgeon ad- vised that if this motion was approved, and it was the desire of the City Council majority to reduce the HRA Levy by $200,000; the HRA would then need to take subsequent action to adjust its budget accordingly and bring forth ideas to accomplish that. Before a guarantee was provided that the entire $200,000 re- duction would be made specifically to that one area, Mr. Trudgeon advised that HRA analysis would need to be completed. Mayor Roe suggested several options for the program in either 2013 or 2014; and if in 2013 no properties were identified, the 2014 HRA levy could be re- duced accordingly; or the levy reduced in 2013, and reinstituted in 2014 if a need was identified. Councilmember McGehee noted that this year the City was asking for the big- gest bump from the public, and it seemed judicious to defer this to 2014, allow- ing materials to be gathered from other programs.