HomeMy WebLinkAbout03-12-09 HEDRA V 5 2009 Budget SummaryHASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT
AUTHORITY
2009 Budget Summary
Revenues
HRA Levy234,000 HRA: .0144% of taxable
City levy, revenues 42,120 market value less 5%*
Interest 27,000 Earned on balances
3,896
Loan payments 13,000 Installment loans w/interest
Charges for services 15,000 Industrial Park ag rents
Fund balance 900,000From 2008
Transfers 35,000
Total 1,270,016
Expenses
Personnel103,268Salaries & benefits
53,776
Admin & operations 14,700Memberships, travel, office,
500 maintenance expenses
Program & project services 61,500 Consultants, experts, fees
31,740
Rehabilitation305,000Loans, grants for owner
200,000 Residential rehabilitations and code
80,000 Commercial improvements
20,000 Fire alarms
5,000 Emergency
Redevelopment689,000Acquisition, demolition,
389,000 Acquisition remediation, public
300,000 Contractorsimprovements for new
developments
Total 1,259,484
* based on past years
Program activities planned for 2009
Continue to seek a downtown riverfront development
Complete development agreement for Block 29
Assist redevelopment projects in Downtown and Vermillion Street project areas
Make commercial, residential and historic rehabilitation loans
Continue to promote industrial park development
