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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />RHRA Meeting <br />Minutes — Monday, August 29, 2016 <br />Page 16 <br />As detailed in the staff report, various options and their levy impacts were <br />outlined: <br />Option 1 Levy = $303,710 <br />Option 2 Levy = $565,585 <br />Option 3 Levy = $636,521 <br />Maximum Levy = $787,000 <br />At the request of Member NlcGehee, Ms. Collins confinned that this was a not- <br />to-exceed levy that could be decreased but not increased by year-end final <br />adoption. <br />However, President Roe noted the REDA always had the option to pass a <br />budget amendment in 2017; but confinned the levy would have been already <br />set. <br />REDA Executive Director Trudg�on advised this recommenclation from the <br />REDA would go to the City CounciL on September 12, 2016 :at which time the <br />city set its not-to-exceed 20171evy. ; <br />Member McGehee spo��e in support of Option 1, opining she lilced liow duties <br />were mapped out, and. noted the comprehensive plan would occupy <br />considerable staff time in 2017`: Therefore,lVlember McGehee questioned how <br />much more could be accompl�shed with the remaining limited amount of time. <br />Member McGehee noted the bzoader budget was her; cansideration, not limited <br />to the k�EDA p�eliminary budget; , and �' eXp�essed ��satisfaction with the <br />accomp�i�hinents of the Community Developmer�t Department staff, and her <br />desire to not o.vertax them in 2017. <br />Mernber Etten "diTected" s�veral questions to staff on the budget proposal, <br />including reviewing each option;;'the apparent error in EDA levy and total <br />budgeted expenses of $5,000 and �12,000 respectively in Attachment A <br />� � (energy efficiency. line ifem). <br />Ms: Kelsey reviewed Attacliinent A and corrected line items, noting the <br />experises equaled income and predicting nothing was left from the operating <br />reserves,;and that bottom numbers and totals were accurate. <br />At the request of Member Etten, Ms. Kelsey confirmed that staff's <br />recommendation was to transfer reserve fiinds from the revolving loan <br />program to operating funds until receipt of tax revenue anticipated in July of <br />2417. At the request of President Roe, Ms. Kelsey clarified that once that tax <br />payment had been received, the intent was to NOT repopulate the revolving <br />loan prograin, but for this to be a one-time transfer, since the EDA had no <br />operating reserve at all now. <br />REDA Executive Director Tnidgeon noted this would address the current staff <br />flow issue; with Ms. Kelsey conciirring, noting there was no money to <br />