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r <br /> MEMORANDUM <br /> DATE: July 16, 1997 <br /> TO: Mike Mornson, City Manager <br /> FROM: Roger Larson, Finance Director <br /> ITEM: NEW LIQUOR STORE/H.R.A. FUNDING <br /> Preliminary funding for the new liquor store project was funded by St. Anthony's <br /> Housing and Redevelopment Authority (H.R.A.). The intent of the H.R.A. funding the <br /> project was to provide financial support until the sale of the Liquor Revenue Bonds was <br /> completed. <br /> The H.R.A. costs incurred include: <br /> . Dorsey & Whitney $ 21,521.74 Legal Costs <br /> KKE Architects $ 52,984.03 Engineering <br /> Springsted $ 14,943.25 Bond Issuance Fee <br /> Braun Intertec $ 1,980.00 Soil Testing <br /> Abatement Services $ 5,625.00 Asbestos Removal <br /> Total $ 97,054.12 <br /> The bond proceeds from the sale of the bonds was transferred to the City on 8/20/97 <br /> and repayment of the funds to the H.R.A. can be completed. <br /> Recommendation: <br /> Council authorize payment from the bond proceeds totaling $97,054.12 to reimburse <br /> the Housing and Redevelopment Authority for expenses incurred for the building of the <br /> new liquor store at Apache. <br />