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Request for Action <br />ToItem Number <br />Economic Development Finance Committee7.2 <br />Agenda Section Meeting DatePrepared by <br /> <br />General BusinessMay 1, 2017Amanda Othoudt, EDD <br />ItemDescription <br />Reviewed by <br />Amendment to the HRA Bylaws -Reorganization Cal Portner, City Administrator <br />of the EDA Finance Committee <br />Reviewed by <br /> <br />Action Requested <br /> <br />Approve, by motion, changes to the HRA Bylawsfor the creation of a joint finance committee with the <br />EDAfor consideration at the next HRA meeting. <br />Background/Discussion <br />At their March 3 meeting, the Housing and Redevelopment Authorit <br />Finance Committee to review allfinancial applications of the HRA. <br />Over the past two years, the HRA has developed two new financialrecently received <br />applications for housing TIF assistance and redevelopment TIF asall <br />HRA applications are reviewed by the HRA for recommendation to the City Counc <br />The HRA is seeking a more in depth review of their financial app- <br />committee. Economies of Scale could be attained by utilizing the EDA Financ <br />financial applications and provide a recommendation to the appro <br />Changes to the Bylaws reflect the appointment of two members of the EDA and two member <br />HRA to the Finance Committee. The EDA Finance Committee will generally renamed to Joint Finance <br />Committee. <br />The HRA reviewed the changes to the Bylaws at their May 1, 2017,ed the changes. <br />Financial Impact <br />None <br />Attachments <br /> <br />HRA Bylaws <br />