2023-12-13 CC Packet - Laserfiche WebLink

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19.Submit request to County Auditor for certification of the TIF District. 20.Complete required forms and documents to file with the Office of the State Auditor and Minnesota Department of Revenue for the TIF District. The scope of services includes NSI attendance at one (1) meeting. COMPENSATION The budget for undertaking the tasks in this agreement is an amount not to exceed $12,750. The amount is based on the estimated number of hours required to complete these tasks at an hourly billing rate of $255 per hour plus reimbursable expenses for travel, printing, and mailing. NSI will bill monthly for actual services performed and reimbursable expenses. The City may at its discretion authorize NSI to undertake additional tasks, including meeting attendance, beyond the tasks listed above. Additional planning services shall be billed monthly at a rate of $255 per hour. Invoices will detail the work performed, requested compensation for the period and show amounts previously billed. ASSIGNED NSI EMPLOYEE The NSI employee responsible for providing services pursuant to this agreement and for the services performed is Tammy Omdal, Managing Director. SUCCESSORS OR ASSIGNS The terms and provisions of this Agreement are binding upon and inure to the benefit of the City and NSI and their successors or assigns. DISCLAIMER In performing service under this agreement, NSI will rely on the accuracy of information provided by the City, other advisors to the City, and the private developer undertaking the Project. The services provided by NSI shall be based on current state law governing the use of tax increment financing. NSI will perform its work using the best available information. The City recognizes and accepts that future property values, tax levies and tax rates may vary from the assumptions used by NSI and such changes may affect the work product produced and provided by NSI. TERM OF THIS AGREEMENT This Agreement may be terminated by thirty (30) days written notice by either the City or NSI. In the event of early termination by the City, NSI shall provide the City with an itemized hourly statement of services already provided. All billable hours by NSI shall be billed at the stated hourly rates should early termination occur. Agreement (Redevelopment TIF District) Page 3