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<br />Request for HRA Discussion <br />Date: 09-20-05 <br />Item No: 9.a. <br />Director Approval: Agenda Section: <br /> CB Discussion <br />Item Description: 2006 Preliminary Levy Certification by Council (HF_31) <br />Background: <br />1.0 <br />1.1On August 19, 2005 the HRA approved a resolution requesting $288,985 in an HRA levy <br />for 2006. <br />1.2On September 12, 2005 the City Council set the HRA preliminary levy at the requested <br />amount of $288,985 on a 4-1 vote. Most members commented very favorably on the <br />HRA’s work and noted that a single family rental licensing program is needed in 2006. <br />Next Steps: <br />2.0 <br />2.1The FINAL levy is set in December at the Truth in Taxation hearing. The HRA should <br />provide the Council with any updates on estimates of cash carryover to help reduce the <br />The maximum levy submitted to the County and State can <br />preliminary levy amount. <br />be reduced prior to the truth in taxation hearing but it can not be increased. <br /> The <br />amount approved at the Truth in Taxation hearing is the amount that will be included for <br />taxes payable 2006. <br />Prepared by: Cathy Bennett (651-792-7072) <br /> HRA Levy Request Update - Page 1 of 2 <br />