Laserfiche WebLink
KRASS MONROE, P.A. <br />AT70RNEYS AT LAW <br />James R. Carly} Esq. <br />Emailicasserly@kwsmonroe.com <br />Voice flail (952) 885-1296 <br />MEMORANDUM <br />To: City of Roseville <br />Attn: Cathy Bennett, Economic Development specialist <br />Attn: Dennis Welsch, Community Development Direr <br />0 From: James R. Cassedy, Esq. <br />Date: July 18, 2003 <br />Fie: Preliminary Thoughts on Use of Future TI Revenue vs. Curies <br />Our File No. 9987 - <br />QUESTIONS OR ISSUES <br />I. Can City sell debtlinterfund loan to allow the HRA to purse its housing <br />goals and programs with the debt/loan repaid by TI from Arona TIF <br />District? <br />Yes, but indirectly. Itis necessary to: <br />A. Modify Development District No. 1 <br />B. Identify programs and expenditures that would be allowable with the <br />use of TI revenues. <br />C. Advance finds to HRA to be administered within the guidelines <br />established by Development Program and as allowed by the TI Act. <br />8000 Norman Center Drive, Suite 1000 Minneapolis, MN 55437 -1178 <br />TELEPHONE 9521885-5999 * FACSIMILE 9521885 -5969 <br />www.kmssmonsae.asm <br />