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Bamess Consulting Services, Inc. <br /> Memorandum <br /> To: Mike Ericson, Brian Bear <br /> From: Kirstin Barsness <br /> Date: 4/17/06 <br /> Re: Consulting Services <br /> BCS can assist in the Economic Development Authority in the coordination and <br /> evaluation of the next step in the redevelopment process. Examples of services: <br /> • Assist the EDA with evaluation of new market conditions and the City's current <br /> Downtown Vision,to ensure that the project market place and city objectives still meet. <br /> • Prepare a Development Plan for the Downtown <br /> • Work with EDA and City Council to identify redevelopment priorities. <br /> • Coordinate and manage communications of project progress both internally and <br /> externally. <br /> • Work with staff to create a timeline that represents key benchmarks in the <br /> projects development. <br /> • Market development opportunities in Hugo to specific developers that can meet Vision <br /> • If desired,prepare Request for Proposal. Manage selection process including <br /> coordination of interviews, reference and financial checks. <br /> • Work with existing and new businesses interested in a Downtown location. <br /> • Draft criteria for financial assistance based on EDA input. Generate application and <br /> evaluation tools. <br /> • Develop and manage District Budget. Work with city staff to maintain files. <br /> • Complete document and proforma analysis for projects requesting TIF assistance. <br /> • Evaluate other funding sources: local and county revolving loan funds,Metropolitan Council <br /> Tax Base Revitalization,Livable Communities and Local Housing Initiative funds, <br /> Minnesota Investment Funds,DEED redevelopment and contamination funding,Minnesota <br /> Housing Finance funds and Federal Environmental Protection Agency grant and loans. <br /> • Assist in negotiation of Letters of Intent,Pre-Development and Development Agreements,and <br /> Tax Increment Agreements. <br /> x "ace 1 4/17/2006 <br />