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East Bethel HRA approves $77,000 levy for 2027 preliminary city budget
Summary
At its April 27 meeting the East Bethel Housing and Redevelopment Authority approved adding a $77,000 levy to the city's preliminary 2027 budget to preserve the HRA's legal status and seed potential affordable housing projects; staff reported an unaudited cash balance of $432,907.
The East Bethel Housing and Redevelopment Authority on April 27 approved including a $77,000 levy in the city's preliminary 2027 budget, members said.
Staff presented an unaudited cash balance for the HRA of $432,907 as of March 31, made up of $121,707 from the local affordable housing aid (the quarter-cent sales tax) and $311,200 from the city's levy, a staff member said. "The unaudited HRA cash account balances of March 31 was $432,907," the staff member said.
The staff member told the authority that, under Minnesota Statute 469.033, subdivision 6, the HRA must prepare and file a budget in accordance with the city's budget procedures. The staff member said the HRA had approved a $77,000 levy in 2026 to…
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