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HRA approves budget amendment, program year 2025 action plan, $16,000 for Elevate Hope House and two‑year financial advisor contract
Summary
The Anoka County HRA Board approved a $150,000 budget amendment from a closed Minnesota Investment Fund loan account, adopted the program year 2025 action plan (with a separate vote approving $16,000 for Elevate Hope House that carried with one abstention), and approved a two‑year contract with Ehlers and Associates not to exceed $25,000.
The Anoka County Housing and Redevelopment Authority on March 21 approved several fiscal and program actions recommended by staff, including a budget amendment, adoption of the agency’s program year 2025 action plan, a $16,000 CDBG award to Elevate Hope House, and a two‑year financial advisor contract.
Budget amendment: The board approved a Management Committee recommendation to move $150,000 retained from a closed Minnesota Investment Fund (MIF) revolving loan program into the HRA’s 2025 activity funds. HRA staff said $125,000 is earmarked for unspecified economic development activities and $25,000 is designated for an equipment purchase at Anoka Technical College. The motion to approve the budget amendment was moved by Trustee Reinert and passed on a roll call vote with all trustees voting yes (Trustees Brasstead, Reinert, Gamache, Schulte, Jepsen, Meisner,…
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