Laserfiche WebLink
i • j S <br /> DoRsEY 8C WHITNEY <br /> • <br /> Mr. Michael J. Mornson <br /> December 14, 1995 <br /> Page 3 <br /> Based upon the broad wording of this language in Subd. 1, I would conclude that the <br /> HRA does have the authority to provide financial assistance in the manner you <br /> propose, because the payments can be considered "necessary or convenient to carry <br /> out the purposes" of these statutes, and the statutes authorize "expenditures <br /> necessary to carry out the purposes" of these sections. The purposes are the same <br /> whether the HRA acquires the property or it is purchased by the developer. <br /> In the resolutions in which these projects are authorized, the City and the <br /> HRA should include the language in Section 469.012 referred to above, and should <br /> make the findings set forth in §469.017. We should also make sure there is a <br /> "redevelopment plan" approved under §469.027 and that the appropriate findings <br /> are made under §469.028 with respect to the plan and the project. <br /> The conditions and procedures outlined in your memorandum appear to be <br /> appropriate, so long as the approvals and resolutions track the language in the <br /> statutes referred to above. <br /> There may be practical issues in trying to decide among competing developers <br /> for a project, but that is the same process the City and HRA must deal with in <br /> commercial redevelopment in selecting a developer. Similar considerations should <br /> be made as to the financial strength of the developer, the quality of the developer's <br /> work and its track record in completing prior developments. <br /> If you or the Councilmembers have any other questions regarding the policy <br /> or the points discussed in this letter, please let me know. <br /> Ve tr y yours, ^ <br /> William R. Soth <br /> WRS:rd <br /> • <br />