2007-06-19_Minutes - Laserfiche WebLink

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8.Action Items: a.Consider Proposals for Preparation of HRA 5-Year Financial Plan. Chair Majerus explained that he brought this item forward to encourage the Housing and Redevelopment Authority (HRA) to create a financial plan before bringing a levy proposal to the City Council in the fall. Chair Majerus stressed the importance of reassessing current programming to better serve HRA goals during the budget process. Ms. Bennett noted that a 5- year financial plan allows the HRA to project their budget needs over time and therefore stabilize annual levy requests. Member Kelsey inquired if the HRA would take action on this item at the meeting. Chair Majerus indicated his willingness to either take action at the current meeting or table the item for the next meeting, depending upon the direction of the discussion. Ms. Bennett noted that if the HRA chose to prepare a financial plan this year, it would need to act in a timely fashion as the HRA budget would most likely be presented to the City Council at their August meeting. Member Kelsey inquired about the proposal process. Ms. Bennett noted that she asked the Roseville Finance Director for suggestions for financial planners. Ms. Bennett also noted that HRA attorney declined to submit a proposal. Member Kelsey expressed concern over preparing a financial plan before the new HRA staff position has been filled. Community Development Director Stark provided an update on the hiring status of the new HRA staff member noting that City Council had approved the position at their June 18 meeting. Mr. Stark indicated that the next step would be for the city to post the position and move through the hiring process. According to Human Resources Manager Dona Bacon, the process would take 5-6 weeks at a minimum. Member Kelsey suggested preparing the financial plan in 2008 versus 2007 to allow the new HRA staff member to be involved in the process. Member Maschka agreed, noting that the HRA should reassess current programming, including considering “green” policies and programming, before engaging in the budget process. Member Elkins concurred. Member Maschka suggested asking the City Council for a preliminary levy in September noting that it could be adjusted in December once the board had a better idea of the relationship between current programming and budget needs. Member Kelsey noted that the HRA could still have a meeting to reassess current programming yet this year. Member Maschka agreed. Motion: Chair Majerus made the motion to table this item indefinitely, seconded by Member Maschka. Ayes: 5 Nays: 0 Motion carried.