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unbudgeted constraint on the Community Development annual budget where repayment is not seen for 8-10 years. . Other projects in the past three years included grants from the borders and buffer program to resolve neighborhood issues in the amount of $15,000 and various repainting and clean up abatement projects in the amount of $20,000. . There are over 190 single family homes with a property tax value less than $100,000 which is the target for homes that are in need of or will be in need of significant improvements in the future. According to the Ramsey County records, only 5 percent of those homes have ever been remodeled and only 2 of them in the last 10 years. Of these homes with property tax values less than $100,000 90 percent were built prior to 1960. At an average cost of $40,000 for necessary improvements (roof, windows, siding, paint) there could be a need for over $7 million in improvements to maintain the quality housing stock of the community. i. Provide assurance that the city can fund the services of the Housing Resource Center, which if duplicated at City Hall would require 2.5 new staff inembers. . The following provides a summary of the annual costs associated with the services provided by the Housing Resource Center. By participation with the I- 35W Corridor Coalition, Roseville saves over yz the costs of the same HRC services if funded individually. Furthermore, if the City wanted to provide the same level of service in-house it would require 2.5 addition staff inembers and additional administrative costs such as computers, copying, phone lines, software and loan service fees at an additional cost of $120,000 per year. . A dedicated funding source for the HRC through the Coalition is important to the long term viability of the service and its cost efficiency. Current City to Fund on its City to fund and Arrangement with own the services of provide the same 35W Corridor the HRC level of service as Coalition the HRC in-house All services $35,000 $75,000 - constr manager $50,000 - financial planner $40,000 - admin support $15,000 -office functions & $30,000 loan admin Total Cost $35,000 $75,000 $150,000 s