HRA adopts amended TIF spending plan, approves 2026 budget and extends multiple tentative developer designations
At a glance
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At the December 3, 2025 meeting the Housing & Redevelopment Authority adopted a second amended tax increment financing spending plan and related budget amendment, approved the final 2026 HRA budget and levy, approved a 2025 budget amendment transferring unspent funds to the City General Fund, extended several tentative developer designations, and received/filed budget and property sale/conveyance items.
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Key decisions
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- RES 25-1776: Adopted — Second Amended and Restated Spending Plan for various TIF districts and an HRA budget amendment (motion adopted; vote 7-0).
- RES 25-1854: Adopted — Extended tentative developer designation for JB Vang Partners, Inc. (694 and 680 Minnehaha Ave E) (motion adopted; vote 7-0).
- RES 25-1855: Adopted — Extended tentative developer designation for GloryVille LLC (1570 White Bear Ave) (motion adopted; vote 7-0).
- RES 25-1856: Adopted — Extended tentative developer designation for Rondo Community Land Trust (0 Marshall Ave and 1036 Marshall Ave) (motion adopted; vote 7-0).
- RES 25-1857: Adopted — Extended tentative developer designation for Face to Face Health & Counseling Service, Inc. (1170 Arcade St) (motion adopted; vote 7-0).
- RES 25-1860: Adopted (Version 2) — Final 2026 HRA Budget and certification of the HRA property tax levy payable in 2026 (motion adopted; vote 7-0).
- RES 25-1878: Adopted (Version 2) — Amended 2025 HRA Budget to transfer unspent funds to the City General Fund (motion adopted; vote 7-0).
- AO 25-73: Received and filed — Amendment to 2025 HRA General Fund and Palace Theater budgets.
- SR 25-262 and SR 25-263: Received and filed — Staff introductions to (1) proposed sale of 77 Congress Street E. to Iglesia Ni Cristo and (2) conveyance of HRA-owned Chestnut Park parcels to the City.
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