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Housing and Redevelopment Minutes June 5, 2017 Page 2 She stated that Mr. Beaudry agreed to work with the city on a larger project to benefit the city as a whole. She explained that Mr. Beaudry submitted his application in February and since has accumulated significant additional costs to redesign his project to accommodate the city's larger plan. Ms. Deckert explained that Mr. Beaudry cannot close on the financing of his project because of the delays. She asked how the HRA or the city will be reimbursing her client for the additional costs. She requested that her client be made financially whole for additional costs incurred by incurring costs redesigning, re-engineering, increased construction costs, increased finance charges and professional fees. She stated that the added expenses are a result of cooperating with the city on a redevelopment project initiated by the city. She explained that a business owner should not be the one to foot the bill for the increased costs. She stated that she looked forward to working with the HRA and City Council in directing staff to develop a financial package and development agreement that will accommodate the applicant's increased costs. Chair Toth asked if there was a dollar amount attached to this request. Ms. Othoudt stated that the applicant and staff have been working together to create a project that is benefit to the entire city. She stated that staff has had conversations with the Decklan Group regarding increased costs associated with the project. She stated that they have received a detailed list of the increased expenses. She noted that staff will present the TIF plan to the HRA when all the elements are in place. She stated that staff will be forwarding their TIF plan to the HRA and City Council at their July 3 meetings. Commissioner Chuba asked if the overall project was growing larger. Ms. Deckert stated no, that the overall footprint is not changing, and the property is increasing by only .12 acres than originally proposed. Commissioner Chuba asked if Mr. Beaudry was incurring additional costs to accommodate the overall project. Ms. Deckert stated that the additional costs included approximately $12,000 for new civil drawings, additional contractor and architectural fees around $25,000, additional professional fees around $10,000, for a total of approximately $53,000. She noted that the estimate does not take into account additional contractor fees since the builder would not be able to honor bids from the originally scheduled April groundbreaking, or increase in financing rates, since her client was unable to lock in a rate. Cormnissioner Chuba asked if the applicant is acquiring additional land. Ms. Deckert stated no, that the city is acquiring additional property to address a road extension. Commissioner Chuba asked if the city will be putting up the land for sale. Ms. Othoudt stated no, and explained the project includes a road connection between Quinn and Proctor, as well as the location of regional storm water pond. Commissioner Ovall stated that this was a viable project for Mr. Beaudry, and his willingness to work with the city on a larger project has resulted in additional costs for him. He urged that the HRA and city work with Mr. Beaudry to come up with a means of working with Mr. Beaudry on these costs, whether that is through allowable expenses through TIF funding or HRA redevelopment funds. He stated that he can see how these expenses were incurred as a result of working with the city on a larger project. Commissioner Chuba concurred that