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I~EMOI~AN~IJNI <br />To: City of Roseville <br />Attn: Cathy Bennett, Economic Development Specialist <br />Attn: Dennis Welsch, Community Development Director <br />From: James R. Casserly, Esq. <br />Date: July 18, 2003 <br />Re: Preliminary Thoughts on Use of Future TI Revenue vs. Levies <br />Our File No. 9987-9 <br />QUESTIONS OR ISSUES <br />I. Can City sell debt/interfund loan to allow the HRA to pursue its housing <br />goals and programs with the debtlloan repaid by TI from Arona TIF <br />District? <br />Yes, but indirectly. It is 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 funds 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 952/885-5999 • FACSIMILE 952/885-5969 <br />www.krassmonroe.com <br />