7.1. HRSR 11-25-2002 - Laserfiche WebLink

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Memo to HRA-Downtown Revitalization Project November 25,2002 Page 2 of 2 Staff distributed request for proposals to three engineering firms for the completion of the property assessments. Staff received proposals from the following firms: • S.E.H. (Short Elliott Hendrickson Inc) • L.H.B. Engineers &Architects Staff has reviewed the proposals with Ehlers &Associates and the city's TIF attorney,Jim O'Meara of Briggs &Morgan. The proposals were reviewed based upon the firm's experience with similar projects,methodology and understanding of the TIF eligibility requirements, and cost of services. The area to be inspected is highlighted on the attached map. The condition of the buildings will help determine the final district boundaries. The area includes approximately 31 buildings and 48 parcels. The inclusion of a particular building does not necessarily mean that it will be redeveloped. However,inclusion does allow tax increment funds to be used in the identified area for streetscape,public improvements and facade improvement programs if sufficient funds are available. The evaluation is in no way related to determining the value of property for assessment purposes, negotiation of purchase, or request for repair work. Staff will send a letter to property owners in advance of assessments. The cost for the TIF assessment services would be paid by establishing a "future TIF district" account and interfund loan with the HRA. The interfund loan would be repaid by future TIF revenues generated from the new district. If a TIF district is ultimately not created or the project does not proceed, the cost would become an expense of the HRA. S.E.H. estimates the cost to conduct the assessments to be $21,050. The LH.B. proposal includes a not-to-exceed budget of$33,000. Requested Action Staff recommends that the HRA authorize staff to enter into an agreement for TIF Property Redevelopment Assessment services with S.E.H. •