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Akeley council dissolves local HRA, transfers roughly $13,178 to community projects fund
Summary
The council voted to dissolve the Akeley Housing and Redevelopment Authority and transfer approximately $13,178.70 in assets to the city's Community Projects Fund; council agreed the funds should be used for a permanent project or to retire debt.
The Akeley City Council voted to dissolve the Akeley Housing and Redevelopment Authority (HRA) after staff reported the HRA did not provide a treasurer's report and had assets totaling about $13,700 (later reconciled to $13,178.70). Kristi Kath told the council she had asked the HRA to deliver a resolution confirming transfer of assets to the city; after that resolution is received the city will formally accept and record the dissolution.
"Their assets are around $13,700.00," Kristi told the council during the January public hearing, and council members later moved to deposit the reconciled HRA assets into the Community Projects Fund to be used for a permanent project or to retire debt.
Council action: the council approved Resolution 9-2023 (dissolution) and separately voted to deposit $13,178.70 to the Community Projects Fund. Council discussed eligible uses and agreed the funds should go toward a capital project (the council thereafter expressed support for bathroom/park work) or toward debt retirement.
Votes at a glance: Resolution 9-2023 to dissolve HRA and transfer assets — passed.
Context and next steps: Kristi will accept the HRA's formal resolution transferring assets; the council instructed staff to place the HRA funds in the Community Projects Fund and to consider bathroom/park projects as a potential use. No formal objections to dissolution were recorded in the minutes.
