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D. To increase or prevent the loss of the tax base of the City in order to ensure the <br />long-term ability of the City to provide adequate services for its residents. <br />E. To stabilize or increase the owner-occupancy level within a neighborhood or <br />association. <br />F. To meet other uses of public policy, as adopted by the City of Roseville from <br />time to time, including promotion of quality urban design, quality architectural <br />design, energy conservation, decreasing the capital and operating costs of local <br />government, etc. <br />4. HIA APPROVAL <br />4.01 All HIA financed through the City of Roseville should meet the following <br />minimum approval criteria. However, it should not be presumed that a project <br />meeting these criteria would automatically be approved. Meeting these criteria <br />creates no contractual rights on the part of any Association with the City. <br />A. The project must be in accordance with the Comprehensive Plan and Zoning <br />Ordinances, or required changes to the Plan and Ordinances must be under active <br />consideration by the City at the time of approval. <br />B. The HIA financing shall be provided within applicable state legislative <br />restrictions, debt limit guidelines, and other appropriate financial requirements <br />and policies. <br />C. The project should meet one or more of the above adopted HIA Goals as stated <br />in Section 3 of this policy. <br />D. The application for the creation of the HIA shall be from the Home Owner’s <br />Association (HOA). <br /> E. The term of the HIA should be the shortest term possible while still making <br /> the annual fee affordable to the Association members. If the HIA is financed <br /> through issuance of bonds, the bonds will mature in no later than 15 years. If the <br /> HIA is financed through a loan of other funds, the terms of the loan will be <br /> determined based on the facts of circumstances of that HIA. <br />F. The Association in a HIA should provide adequate financial guarantees to <br />ensure the repayment of the HIA financing and the performance of the <br />administrative requirements of the development agreement. Financial guarantees <br />may include, but are not limited to the pledge of the Association's assets including <br />reserves, operating funds and/or property. <br /> <br />