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FORM – DRAFT [Letterhead of Applicant] Honorable Chairman and Commissioners of the Roseville Housing and Redevelopment Authority City of Roseville 2660 Civic Center Drive Roseville, MN 55113 RE: Application of __________________________ for Tax Increment Financing/Tax Abatement and/or HRA Fund Assistance of a Project Chairman and Commissioners of the Roseville HRA: This Letter of Agreement (the “Agreement”) is given by ________________________ as a/the _________________ of _________________________, a ____________ _________________________ (the “Applicant”) in conn ection with the review and consideration of tax increment assistance or other HRA public financing assistance for the ___________________________ (the “Project”) by the Roseville HRA and the City (collectively the “City”). In consideration, the A pplicant hereby covenants and agrees as follows: 1. Consulting Services . The City shall have the right to employ legal counsel, bond counsel, accounting, real estate, financial, engi neering, architectural a nd other consultants to review the proposed Project and all proposed financing therefor. 2. Other Costs and Expenses . The City shall have the right to allocate and charge to the proposed Project costs and expenses for photo copies, publications, postage and other similar items rendered or incurred with respect thereto. 3. Payment of Costs . The Applicant shall pay all costs, expenses and consulting services incurred by the City wi th respect to the Project and any issuance of tax increment obligations or other HRA funding to finance all or part of the cost thereof, including but not limited to costs and expenses of the types enumer ated in paragraphs 1 and 2, whether or not the Project is approved and constructed or the City issues tax increment obligations or other HRA funding assistance therefor. Th e Applicant submits herewith a check in the amount of $__________, the proceeds of which may be deposited in a savings account by the City and used and disbursed by the City to pay such costs, ex penses and consulting services when due. Upon notice from the City to the A pplicant that the balance of A pplicant’s funds has fallen below $2,500, the Applicant shall deposit a dditional funds with the City in order to bring the fund balance to at least $2,500, unless the HRA Executive Director deems a lesser amount sufficient. 4. Termination of Consideration of Project . Upon completion of consideration of the Project or notice from the Applicant that it is di scontinuing the Project or withdrawing its request for tax increment assistance or other HRA funding a ssistance, the City shall pay all such costs,