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Joint Development Authority <br /> TCAAP Redevelopment Project <br /> <br /> <br /> <br /> <br />DATE: May 6, 2013 <br /> <br />TO: Joint Development Authority Board of Commissioners <br /> <br />FROM: Heather Worthington <br /> Deputy County Manager <br /> <br />SUBJECT: 2013-15 Draft JDA Budget <br /> <br />Budgeted Amount: Actual Amount: Funding Source: <br />n/a n/a n/a <br /> <br />Requested Action <br /> <br />Approve the 2013-15 Draft JDA Budget <br /> <br />Discussion <br /> <br />The attached budget covers the remainder of 2013, as well as 2014 and 2015. This is an estimate of <br />ongoing costs related to professional services contracts for Legal and Public Finance, as well as any <br />meeting expenses, insurance and conference expenses. Finally, a small contingency amount is included <br />to cover any unforeseen costs. A final, comprehensive budget will be submitted in September 2013 to <br />coincide with the City and County budget process, per the Joint Powers Agreement (JPA). At this point, <br />prior to land sales and any potential grant monies, the JDA’s operations are funded through the TCAAP <br />Project Account established by the County Board in November, 2012. <br /> <br />Per the Joint Powers Agreement, Ramsey County provides financial services to the JDA. Per the JPA, the <br />Joint Development Authority must submit this budget to the City and County upon approval. <br /> <br /> <br /> <br /> <br /> <br />AGENDA ITEM 5a <br /> <br /> <br />MEMORANDUM <br />