2025-12-02 - AGE - HRA Regular Meeting December 2, 2025 — 6:30 PM
Golden Valley City Hall
Council Chambers
1.Call to Order
2.Approval of Agenda
3.Consent Agenda
Approval of Consent Agenda - All items listed under this heading are considered to be routine
and will be enacted by one motion. There will be no discussion of these items unless a
Commission Member so requests in which event the item will be removed from the general
order of business and considered in its normal sequence on the agenda.
3.A.Approval of HRA Meeting Minutes
4.Public Hearing - None.
5.Old Business - None.
6.New Business
6.A.Public Comment and Adoption of the 2026 Budget and 2026 Tax Levy for the Housing and
Redevelopment Authority, HRA Resolution No. 25-05
7.Adjournment
HRA REGULAR MEETING AGENDA
Members of the public may attend this meeting in-person, by watching on cable channel 16, or by
streaming on CCXmedia.org. The public can make in-person statements during public comment
sections.
Individuals may provide public hearing testimony remotely by emailing a request to the City Clerk's
office at cityclerk@goldenvalleymn.gov by 3 p.m. on the day of the meeting.
City of Golden Valley HRA Regular Meeting December 2, 2025 — 6:30 PM
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EXECUTIVE SUMMARY
Legal
763-512-2345 / 763-512-2344 (fax)
Golden Valley Housing and Redevelopment Authority Meeting
December 2, 2025
Agenda Item
3.A. Approval of HRA Meeting Minutes
Prepared By
Theresa Schyma, City Clerk
Summary
The following minutes are available to view on the City's public Laserfiche site :
October 7, 2025 Regular HRA Meeting
A direct link to the folder with the documents referenced above is:
https://weblink.ci.golden-valley.mn.us/WebLink/Browse.aspx?
id=1057510&dbid=0&repo=GoldenValley
Legal Considerations
This item did not require legal review.
Equity Considerations
This item did not require equity review.
Recommended Action
Motion to approve HRA meeting minutes as submitted.
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EXECUTIVE SUMMARY
Finance
763-512-2345 / 763-512-2344 (fax)
Golden Valley Housing and Redevelopment Authority Meeting
December 2, 2025
Agenda Item
6.A. Public Comment and Adoption of the 2026 Budget and 2026 Tax Levy for the Housing and
Redevelopment Authority, HRA Resolution No. 25-05
Prepared By
Lyle Hodges, Finance Director
Summary
At the September 2, 2025 HRA meeting, a proposed 2026 budget and levy payable were approved.
This item is the final consideration of the 2026 Housing Fund budget and the 2026 HRA Tax Levy. Staff
will make a presentation.
Financial or Budget Considerations
The HRA 2026 Proposed Budget is $805,407. The HRA will levy $461,452 and expects to receive
$343,755 in grant money from Local Affordable Housing Aid to fund the 2026 budget. Both the tax
levy and housing aid are received twice per year in July and December.
Legal Considerations
Minnesota Statutes Section 469.001 to 469.047 grant the HRA the power to levy and collect taxes
subject to a resolution of consent from the Golden Valley City Council.
Equity Considerations
The proposed budget strives to advance the equity goals of the City by funding affordable housing
programs, and services that provide opportunities and resources for all. The process for adoption
includes the opportunity for members of the public to provide feedback.
Recommended Action
Motion to approve HRA Resolution No. 25-05 adopting the Housing and Redevelopment Authority
Budget and Adopting the HRA tax levy payable in 2026.
Supporting Documents
HRA Resolution No. 25-05 - Adopting 2026 HRA Levy and Budget
2026 HRA Budget Presentation - December
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HRA RESOLUTION NO. 25-05
A RESOLUTION ADOPTING THE HOUSING AND REDEVELOPMENT AUTHORITY
BUDGET AND ADOPTING THE HRA TAX LEVY PAYABLE IN 2026
WHEREAS, the Housing and Redevelopment Authority in and for the City of Golden
Valley (the “HRA”) has authorities and powers according to MN Statutes, Sections 469.001
to 469.047. MS Statutes, Section 469.033, subd. 6 grants the HRA the power to levy and
collect taxes subject to a resolution of consent from the Golden Valley City Council f or a set
period and,
WHEREAS, the HRA is requesting to adopt the proposed 2026 HRA Budget and
Levy payable in 2026 and requests the City of Golden Valley approves intent for the HRA
Budget and Levy.
NOW, THEREFORE, BE IT RESOLVED by the Board as follows:
Section I. That there is proposed to be levied on all taxable real and personal
property in the City of Golden Valley, a tax rate sufficient to produce the amount as
follows:
HRA GENERAL FUND LEVY: $ 461,652
Section 2. That the proposed budget is as follows:
HRA HOUSING FUND: $ 805,407
Adopted by the Housing and Redevelopment Authority of the City of Golden Valley,
Minnesota this 2nd day of December 2025.
Maurice Harris, HRA Chair
ATTEST:
Noah Schuchman, Executive Director
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2026 HRA Budget
City Council Meeting
December 2, 2025
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HRA Budget Overview - Revenues
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HRA Budget Overview - Expenditures
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HRA Budget Overview - Expenditures
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HRA Budget Changes
•Overall Levy increases from $319,181 to $461,652
•Changes to levy funded programming to expand housing and economic
development capacity and impact:
•Additional position – HRA Assistant
•Additional position – HRA Coordinator
•Changes to Local Affordable Housing Aid (LAHA) programming:
•LAHA in 2024 was $137,095, LAHA for 2025 is $343,755
•Not recommended for use in funding staffing due to the variable nature of funding
•Additional Due Diligence for Real Estate work ($52,400)
•Housing needs analysis updates ($22,000)
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