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HOUSING & REDEVELOPMENT AUTHORITY <br />IN AND FOR THE CITY OF ROSEVILLE <br /> SERVICES AGREEMENT <br />THIS IS AN AGREEMENT <br /> entered into the19th day of January, 2010 by and between <br />the Housing & Redevelopment Authority in and for the City of Roseville, Minnesota, hereinafter <br />referred to as the HRA, and the City of Roseville-Finance Department, a governmental <br />municipality organized and existing under the laws of the State of Minnesota, hereinafter <br />referred to as the City. <br />WITNESSETH: <br />WHEREAS <br />, the HRA desires to hire the City to render certain fiscal assistance in <br />connection with such undertakings of the HRA. <br />NOW THEREFORE <br />, the parties hereto do mutually agree as follows: <br />I.Scope of Services. The City shall perform necessary and requested services for the <br />implementation of financial actions and activity of the HRA as outlined in Attachment A of this <br />agreement and summarized as follows: <br />A.Process bi-weekly payroll and payment of invoices. <br />B.Provide monthly reporting including summaries of past and current revenues and <br />expenditures. <br />C.Provide assistance and guidance in the preparation of the HRA’s annual budget. <br />D.Coordinate the selection of a CPA firm and the preparation of all audit work papers <br />for the purposes of conducting an annual financial audit. (Audit costs shall be paid by <br />the HRA). <br />E.Establish and maintain all banking and investment relationships and procedures. <br />F.Provide for the proportionate share of office space, office supplies, etc. <br />G.Maintain coverage for the HRA and its activities, on the City’s insurance policies. <br /> This agreement shall be effective upon the approval of the HRA Board of <br />II.Term. <br />Directors and the City Council and shall continue for one calendar year subject to written <br />renewal by the parties for subsequent one year terms. <br />III.Compensation. The fees for the City services shall be paid as a transfer of funds at <br />the beginning of the calendar year based upon 5% of the total administrative budget for the HRA <br />within that calendar year. In 2010, the HRA Administrative Budget is in the amount of <br />$107,303. Therefore the total amount due to the City of Roseville is $5,365.00. <br />IV. Indemnification. The parties shall indemnify and hold harmless each other and their <br />officials, agents, and employees from any loss, claim, liability, and expense (including <br />reasonable attorney's fees and expenses of litigation) arising out of any action of the respective <br />1 <br /> <br />