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Regular City Council Meeting Monday, August 25,2014 Page 32 At this time, Community Development Director Bilotta clarified that those funds were intended to be in "build-up" mode, since the Housing Replacement program was lean, but the 1840 Hamline Avenue funds were coming back into the bund; and the HRA would eventually determine how many projects it could manage at one time. However, Mr. Bilotta noted the need to have funds available to allow the HRA to move quickly on any blight abatement opportunities came forward. Also, Mr. Bilotta noted there were a lot of payables still coming in from the Dale Street multi-family project, and at some point in time the Business Retention and Expansion projects on the commercial side (e.g. Terrace Drive), funds may be needed. Mayor Roe noted that these were preliminary budget and levy numbers at this time, with the actual setting of the Preliminary HRA levy done in September. Since the HRA would not be meeting again before that adoption, Mayor Roe sug- gested the City Council provide clear direction for addressing any significant changes between the preliminary levy adoption in September and final levy adop- tion in December. City Manager Trudgeon clarified several items for the benefit of the City Council: 1) The single-family loan funds used to be all supported by levy dollars, but was no longer, allowing the HRA to lower that levy amount with the intent they not be continually funded,but become sustainable on their own. 2) As the budget process moves forward, by November the HRA should have a better sense of their carryover cash, at which time their levy request could be reduced if appropriate depending on those refined numbers. As always, Mr. Trudgeon noted that it was staff's responsibility to make sure they didn't over-levy by fine tuning those numbers before the final levy and budget was adopted in December. At the request of Mayor Roe, City Manager Trudgeon advised that the proposed HRA levy was anticipated to change the annual HRA tax from $34.50 to $38.50, for an average priced home in Roseville. Councilmember Willmus opined that this increase represented an 11.4% increase from 2014 to 2015; and if the City Manager was looking for an indication from the City Council as to their comfort level with this proposed levy, in his personal review of proposed reserve policies versus the relationship with the HRA and City, he did not see any need to duplicate reserve amounts. While it may not be a fair way to look at it, Councilmember Willmus stated that this was his perspec- tive, and he probably would not be supportive of this proposed HRA levy increase at this point. Councilmember McGehee stated that she didn't feel that way, partly due to the history of watching the HRA and their performance for the City and accomplish- ments to-date on important initiatives, including the Neighborhood Enhancement