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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />MEMORANDUM <br /> <br />TO: Cathy Capone Bennett, Be nnett Community Consulting <br /> <br />FROM: Paul T. Steinman, Vice President/Consultant <br /> <br />DATE: June 5, 2007 <br /> <br />SUBJECT: Roseville HRA Levy Analysis <br /> <br /> <br />The purpose of this memo is to provide an estima ted fee range for services related to a 5-year <br />HRA levy analysis. Such analysis will: <br /> <br />• Project the amount and timing of revenues and expenditures of each housing <br />program identified in the HRA’s housing action plan <br />• Estimate a consistent annual levy amount for 07-11 (pay 08-12) to fund the <br />housing programs <br />• Show a range of levy amounts for each year over a 5-year period determined by <br />a sensitivity analysis on the interest rate and principal payback assumptions <br /> <br />The cost estimate for this work is approximately $3,600. <br /> <br />Please let me know if I can address any additional questions for you and thanks for the <br />opportunity. <br /> <br /> <br />Springsted Incorporated <br />380 Jackson Street, Suite 300 <br />Saint Paul, MN 55101-2887 <br />Tel: 651-223-3000 <br />Fax: 651-223-3002 <br />www.springsted.com