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• The HRA levy is spread across all property owners including commercial and <br />industrial properties. <br />Land Use Total Market % City <br />Value 2004 MarketValue <br />I Total <br />Multi-Famil Residential $509 602 700 14.88% <br />Sin le-Famil Residential $1,654 755 700 48.31 % <br />Commercial $677 535 300 19.78% <br />I ndustrial $333 335 200 9.73% <br />Vacant\Other $22 451 400 0.66% <br />3. How does RosevilleCompareto Other First Ring City's? <br />Estimated HRA <br />Levy Contribution <br />119,142 <br />$48,783 <br />$24, 000 <br />$1,617 <br />Many other first ring suburban communities like Roseville have an HRA. These communities <br />have similar property values, have higher overall City annual taxes buttypically levy at the <br />maximum HRA amount to fund their housing programs and administrative costs. Roseville <br />continues to have one of the lowest property taxes compared to other metropolitan communities of <br />like population size. The following is a sample of first nng cities that levy for housing. <br />City <br />F�hf�e�d <br />�t. Lauis <br />Park <br />Frid4�v <br />Population Annual City Tax Maximum Est. Annual Average SF <br />(HRA not HRA Levy �eVY Properly <br />included) Amourrt Value <br />17�.{�0 L J <br />��4,�7 �f� � Ya� �4�.�C� $1�7,�� <br />$�, �� S$� Ye.� � �45�.00� � � 17�, <br />�2�, �..i31 Yes Tx��,�00 �, �t�9,� <br />��,� 3d17 �r�a 5�3�,Q� �1�,�� <br />Budget Summary: <br />The attached proposed HRA budget provides a breakdown of the revenue includingthe $234,000 <br />HRA levy and expenses using both levyfunds and restrictedCDBGfunds which can only be used <br />undercertain circumstances and can notfund administration costs. <br />Revenue: <br />There are several sources of funds associated with the HRA. The pnmary sources to fund HRA <br />specific non-income restricted programs and administrative costs are the cash balance, levy <br />funds, home & garden fees and interest. These are highlighted in the Sources section of the draft <br />budget. The cash balance is based upon what is estimated to be available at the end of the year <br />which is approximately $85,000. <br />Restricted Revenue - There is an estimated $370,000 in federal funds available to the HRA for <br />housing program(s). These funds, however, can only be used if the project complies with federal <br />guidelines. Generally this means that the program must serve people with incomes at or below <br />� Page 3 <br />