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HRA Work Session Notes <br /> January 5,2004 <br /> Page 3 <br /> did not concur nor deny the issue,but directed staff to resolve with MetroPlains the <br /> • assurances that both projects would be completed. <br /> Chair Wilson asked Mr.Inman what the cost would be of the potential financing request <br /> from MetroPlains. Mr.Inman stated the potential request,if equal to the projected value of <br /> the tax increment financing,would be approximately$1.2 million. <br /> Chair Wilson stated that it is important that this project happen and asked Mr.Inman,Mr. <br /> Prosser,and city staff to continue negotiations with the developer. <br /> The work session of the Housing and Redevelopment Authority was adjourned at 6:45 p.m. <br /> Submitted by, <br /> Heidi Steinmetz <br /> Assistant Director of Economic Development <br /> • <br />