2003-02-18_Agenda - Laserfiche WebLink

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HOUSING REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF ROSEVILLE SERVICES AGREEMENT THIS IS AN AGREEMENT entered into the day of February, 2003 by and between the Housing Redevelopment Authority in and for the City of Roseville, Minnesota, hereinafter referred to as the HRA, and the City of Roseville-Finance Department, a governmental municipality organized and existing under the laws of the State of Minnesota, hereinafter referred to as the City. WITNESSETH: WHEREAS, the HRA desires to hire the City to render certain fiscal assistance in connection with such undertakings of the HRA. NOW THEREFORE, the parties hereto do mutually agree as follows: Scope of Services. The City shall perform necessary and requested services for the implementation of financial actions and activity of the HRA as outlined in Attachment A of this agreement and summarized as follows: Process bi-weekly payroll and payment of invoices. Provide monthly reporting including summaries of past and current revenues and expenditures. Provide assistance and guidance in the preparation of the annual budget. Coordinate the selection of a CPA firm and the preparation of all audit workpapers for the purposes of conducting an annual financial audit. Establish and maintain all banking and investment relationships and procedures. Provide for the proportionate share of office space, office supplies, etc. Maintain coverage for the HRA and its activities, on the City’s insurance policies. This agreement shall be effective upon the approval of theTerm. Board of Directors and execution by the Chair and Secretary and continue for one calendar year to be reviewed, revised and renewed at the first annual meeting of the HRA each year. III. Compensation. The fees for the City services shall be paid as a transfer of funds at the beginning of the calendar year based upon 5% of the total budget for the HRA within that calendar year. IV. Indemnification. The parties shall indemnify and hold harmless each other and their officials, agents, and employees from any loss, claim, liability, and expense (including reasonable attorney’s fees and expenses of litigation) arising out of any action of the respective parties in the performance of the service of this contract.