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AGENDA ITEM # 103 <br />City of <br />PeQuot <br />"Lakes <br />REPORT TO CITY COUNCIL <br />Report Prepared by: Angie Duus <br />Date: February 5, 2024 <br />Subject: Housing Trust Fund Resolution and Public Hearing <br />Report: The Housing Trust Fund it a pool of money the County can use to <br />match federal or state housing grants and fund housing development projects. <br />Crow Wing County discovered that their levy for this Housing Trust Fund does not <br />apply within any municipality that has its out HRA, therefore they are asking to <br />levy Pequot Lakes just the portion of their levy that is for the Housing Trust Fund. <br />The preliminary estimate would be $1 for every $150,000 of property value. <br />Council Action Requested: Open Public Hearing — if written comments they can <br />be entered here. Public Input. Close Public Hearing. <br />Council motion to approve the resolution granting municipal consent for housing <br />trust Fund. <br />