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4 <br />maintenance and operation of the common elements of the development, and also <br />demonstrate how the association will be able to conduct and finance capital <br />improvements in the future. Without this plan the City Council and HRA may not <br />wish to proceed with the improvements. <br /> <br />c. On or before August 15 th of each year, the association must provide the HRA with a <br />copy of its audited financial statements. The City, as part of the original ordinance, <br />may require the submission of additional information as well. <br /> <br />8. How long does a Housing Improvement Area designation last? The State law is not clear <br />as to when and if a Housing Improvement Area designation expires. The law does currently <br />provides that no new Housing Improvement Areas can be created after June 30, 2009 unless <br />the City receives special legislation authorizing establishment of the area. The area will <br />remain in effect at least as long as the term of the payment of fees. However, the <br />requirement of a financial plan under MN St ate Statute 428A.14 seems to suggest that the <br />intent of the Legislature was to provide a tool to be used to assist an association in <br />emergency situations. <br /> <br />Questions regarding Housing Improvement Areas may be addressed to: <br /> <br />City of Roseville <br />Attn: Cathy Bennett <br />HRA Executive Director <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br />Telephone: 651-792-7015 <br />Facsimile: 651-792-7070