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<br /> <br />rocess to Establish an HRA <br /> <br />i!;,~lmlt' RA levy Authority <br /> <br />.. Special tax on all taxable property <br />specifically to fund housing programs <br />.. Levy amount outside general City levy <br />limits <br />.. Maximum levy authority - .0144 percent <br />of taxable market value <br />. Estimated at $380,000 in 2002 <br />.. Increase average Roseville home tax - <br />$22 - all things being equal <br /> <br />II Mayor recommends HRA <br />Commissioners - July 15 <br />II Appoint Commissioners - Council <br />Approval - July 15 <br />II First HRA Meeting - complete <br />organizing documents, adopt housing <br />plan and budget - August <br /> <br />June 10, 2002 <br /> <br />Roseville Camm. Development - <br />PF#340S <br /> <br />13 <br /> <br />June 10, 2002 <br /> <br />Roseville Camm. Development - <br />PF #3405 <br /> <br />14 <br /> <br />ib~III;;H RA levy Process <br /> <br />II Once the HRA is established, the HRA <br />Board must pass resolution annually <br />regarding levy amount and purpose <br />.. Budget must be submitted to Council as <br />part of budget process each year <br />.. Amount of levy is based upon the <br />budget each year <br /> <br />Sept l:i~ ~~. D~'elo:'"t- L IS- . It J. _ <br /> <br />Jo",'O, 2002 PF#3405 v ~V 1',Y(j-' <br /> <br />pr-.Gv ~~ d-rL~ <br /> <br /> <br />Y'alue of HRA's <br /> <br />her cities perspective: <br />. Shows strong commitment to Housing <br />. Leverages other public/private funds <br />. Considered favorable status by other <br />agencies - Federal, State, Regional <br />. If use levy authority - <br />. Source of revenue dedicated to housing; can <br />issue revenue bonds <br />. Use in coordination with City "HRA start-up" <br />loans <br /> <br />June 10, 2002 <br /> <br /> <br />'5 <br /> <br />::~llrosevme Housing Distribution <br /> <br /> <br />1'1.:1 itllPwnership Comparison <br /> <br /> <br />June 10,2002 <br /> <br />Roseville Comm. Development - <br />PF #3405 <br /> <br />'7 <br /> <br />June 10, 2002 <br /> <br />Roseville Camm. Development- <br />PF#3405 <br /> <br />18 <br /> <br />3 <br />