Laserfiche WebLink
financing options that may have significantly more favorable terms than what is currently <br />29 <br />available to these groups using traditional financing sources. <br />30 <br />The action also represents a form of intergovernmental cooperation which will be more efficient <br />31 <br />than trying to create a similar program with Roseville staff. <br />32 <br />BI <br />UDGET MPLICATIONS <br />33 <br />The SPPA is compensated by the applicants as part of the loan process and is not paid for its <br />34 <br />services by the City of Roseville. <br />35 <br />There will be a small increase in staff time necessary to prepare RCAs for approving the <br />36 <br />applications and transferring the assessment payments to the SPPA. It is anticipated that these <br />37 <br />will turn into short “boilerplate” RCAs, minimizing staff impacts. <br />38 <br />All of the time consuming work to process an application, underwrite the financing and work <br />39 <br />with the applicants will be handled by the SPPA staff. <br />40 <br />SR <br />TAFF ECOMMENDATION <br />41 <br />Staff recommends that the City Council enter into the Joint Powers Agreement with the St. Paul <br />42 <br />Port Authority. <br />43 <br />RCA <br />EQUESTED OUNCIL CTION <br />44 <br />By motion, authorize entry into the Joint Powers Agreement with the St. Paul Port Authority <br />45 <br />identified as Attachment A. <br />46 <br />47 <br />Prepared by: Paul Bilotta, Community Development Director <br />Attachments: A: Joint Powers Agreement <br /> B: St. Paul Port Authority Energy Programs <br /> C: Minutes 9/15/14 Meeting <br />Page 2 of 2 <br /> <br />