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2006-11-21_Agenda
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2006-11-21_Agenda
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Housing Redevelopment Authority
Commission/Committee - Document Type
Agenda/Packet
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Regular
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HRA Fee Reimbursement - Page 2 of 2 <br />to ensure that all the legal requirements are being achieved and the HRA is <br />protected from any liability associated with the agreement. <br /> <br />c. In Blaine, they get approvals for a set not to exceed amount from the EDA for a <br />consulting projects. If the amounts go above and beyond they take it back to the <br />EDA for approval of additional funds. They handle projects through a <br />development agreement. They use TIF/EDA funds for project consulting costs <br />and try to budget for it in advance if they are aware of the projects. Otherwise, <br />they find the funds for the project within existing budget funds. <br /> <br />d. Roseville community development staff and the HRA staff can do the initial <br />financial review of projects. However, it is recommended that any analysis that is <br />to be the basis for decisions on financial commitments or subjected to external <br />review be done by specialists in the field of public finance. Staff can presume <br />that the developer is to pay all costs associated with “pre-development” analysis <br />unless specifically directed otherwise by the HRA. <br /> <br />3.0 Suggested HRA Action: <br /> <br />3.1 Discuss policy issues and options outlined above. <br /> <br />3.2 Determine the method to ensure that fiscal and legal fees are reimbursed by development <br />interests either through a deposit agreement or reimbursement agreement. <br /> <br />3.3 Direct staff to have such agreement drafte d by HRA attorney for final consideration at <br />the first meeting in January. <br />
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