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HOUSING & REDEVELOPMENT AUTHORITY <br />IN AND FOR THE CITY OF ROSEVILLE <br />SERVICES AGREEMENT <br />THIS IS AN AGREEMENT entered into the _ day of January, 2005 by and between <br />the Housing & Redevelopment Authority in and for the City of Roseville, Minnesota, hereinafter <br />referred to as the HRA, and the City of Roseville-Finance Department, a governmental <br />municipality organized and existing under the laws of the State of Minnesota, hereinafter referred <br />to as the City. <br />WITNESSETH: <br />WHEREAS, the HR.A desires to hire the City to render certain fiscal assistance in <br />connection with such undertakings of the HRA, <br />NOW THEREFORE, the parties hereto do mutually agree as follows: <br />I. Sco�e of Services. The City shall perform necessary and requested services for the <br />implementation of financial actions and activity of the HRA as outlined in Attachment A of this <br />agreement and summarized as follows: <br />A. Process bi-weeklypayroll and payment of invoices. <br />B. Provide monthly reporting including summaries of past and current revenues and <br />expenditures. <br />C. Provide assistance and guidance in the preparation of the HRA's annual budget. <br />D. Coordinate the selection of a CPA firm and the preparation of all audit workpapers <br />for the purposes of conducting an annual financial audit. (Audit costs shall be paid by <br />the HRA). <br />E. Establish and maintain all banking and investment relationships and procedures. <br />F. Provide for the proportionate share of office space, office supplies, etc. <br />G. Maintain coverage for the IIRA and its activities, on the City's insurance policies. <br />II, Term. This agreement shall be effective upon the approval of the IIRA Board of <br />Directors and the City Council and shall continue for one calendar year subj ect to written renewal <br />by the parties for subsequent one year terms. <br />III. Comnensation. The fees for the City services shall be paid as a transfer of funds at <br />the beginning of the calendar year based upon 5% of the total budget for the HRA within that <br />calendar year. <br />N. Indemnification. The parties shall indemnify and hold harmless each other and their <br />officials, agents, and employees from any loss, claim, liability, and expense (including reasonable <br />attorney's fees and expenses of litigation) arising out of any action of the respective parties in the <br />