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`�i HRA � <br />� <br />Rose��ille Huusing and Redevelopmcnt Authority <br />March 27, 2007 <br />RE: Association Survey <br />Dear Roseville Association Member: <br />The City and the Roseville Housing and Redevelopment Authority (HRA) are evaluating <br />the need to provide financial assistance to townhome and condominium associ�tions for <br />needed common area repairs. One financing method is the creation of a Housing <br />Improvement Area (HIA) through public funding powers provided by MN State Statute <br />428A.11. <br />A HIA is a tool available to cities to help fund improvements to common areas within <br />specific ownership townhome and condominium complexes which can not otherwise be <br />funded with private investment due to unavailable reserve funds and/or difficulty <br />securing private financing. HIAs work similar to a public assessment with the payback <br />on the public investment added to the taxes of individual owners within the association <br />over a period of time, usually between 10 to 15 years. <br />We are asking for your assistance to evaluate the need to provide such funds by <br />completing the attached survey. Please complete the survey by April 9 and return by <br />either faxing or mailing to the City of Roseville HRA at 651-792-7070, 2660 Civic <br />Center Drive, Roseville, MN 55113. If you have questions please contact the HRA at <br />651-792-7015 or through email at HRA(c�ci.roseville.mn.us. <br />Sincerely, . <br />�-Q- �- S <br />ill Ma�erus C�v � <br />HRA Chair K � <br />2660 Civic Center Drive ❖ Roseville ❖ MN ❖ 55113 <br />651-792-7015 ❖ fax: 651-792-7070 <br />� --� <br />