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RHRA_ HIA Discussion (08-15-06) - Page 1 of 1 REQUEST FOR HRA DISCUSSION Date: 08-15-06 Item No: 9.b. Staff Approval: Agenda Section: CB Information Item Description: Information regarding the process for setting up a Housing Improvement Area (HIA) – Westwood Village (HF0052) 1.0 Background 1.1 The HRA staff has been in discussion with a representative of the Westwood Village Town Home Association regarding possible options to assist in the financing of exterior improvements using a Housing Improvement Area (HIA). A HIA is a tool available to local units of government provided by state statute to help fund improvements to common areas within housing areas that can not otherwise be funded with private investment. The HIA works similar to a public assessment with the payback on the public investment added to the taxes of th e owners within the identified area over a period of years. 1.2 The following attachments are being provided for your information regarding the process to establish a HIA in Roseville. The up front funding options can be discussed with HRA Attorney Jim Casserly which includes the use of existing budget funds or bonding. 1.3 In addition, Sue Shea with the Westwood Village Town Home Association and resident of the complex will be in attendance to discuss their needs and possible interest in participating in the program. 2.0 Summary of a Housing Improvement Area (See attached memo from Krass Monroe and background information) 2.1 The housing area (logically a town home or c ondo development with a common association arrangement) interested in funds must send a petition to the City Council requesting that a HIA be established. In addition, the comple x will need to provide evidence that the improvements could not be funded without this a ssistance due to a hardship to the residents. 2.2 The City Council, with a recommendation from th e HRA, is the legal authority to, after a public hearing and adoption of an ordinance, es tablish the HIA. At that time the City can designate the HRA as the implementing entity for the HIA. 2.3 Then the HRA would hold the final public hearing that would allow public testimony regarding the estimated fees that would be imposed upon the owners within the designated area. Within six months after the hearing a resolution by the HRA will be adopted setting the maximum fee. The payback of the funds would be collected along with the property taxes for the number of years outlined in the resolution.