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2) Tuesday, September 7, 2010 3) Tuesday, October 5, 2010 4) Tuesday, December 14, 2010 Motion carried. Voting Yes: Chairperson Jeffrey, Commissioners Ramsey, McGlone, Elvig, Tossey and Wise. Voting No: None. Absent: Commissioner Backous. HRA BUSINESS Case #6.1: Consider Scope of Special Services District for The COR at Ramsey HRA Executive Director Nelson stated that the Development Management Team has been working on a scope of services for maintenance and operations via a Special Services District (SSD) for The COR. This past summer, we dealt with some of the components of the old Master Declaration; we have a significant role in that association. Some things happened with Jim Deal over that but not much has happened since then. Our goal is to establish a SSD and minimize or abandon the master associate that was established by the master developer. She noted the HRA is a majority- voting member of the master association and Jim Deal has membership in the association commensurate with his land holdings within the association boundaries. Development Manager Lazan stated that the HRA, as owner and master developer of the majority of developable land within The COR, has initiated the organization and preparation of an ordinance establishing a SSD. The SSD will manage and fund the maintenance and operations of the project above and beyond that ordinarily provided by the City. He described the district boundaries as the commercial properties located south of Ramsey Parkway, between Armstrong and Ramsey Boulevards, and including the proposed west 50 retail. The SSD the City adopts will only impose charges on property, or portions of properties within this boundary. Commercial properties would pay, residential properties would not. Payment is based on net tax capacity. This does not operate like an association. A civic or municipal operation sets the budget in the beginning of the year. This District would cover these services above what the City normally provides. Commissioner Elvig inquired about member properties being an advisory committee and asked how the HRA would get tagged if it is about assessments of land. We will have to have some special qualifications of our level of payment. Mr. Lazan stated we will not include advisory committees for now but we will ask Solomon and Deal about the budget, etc. Discussion ensued relating to the cost based on net tax capacity. Mr. Lazan noted there is some raw land and for that, we will use the baseline we used for TIF. Theoretically, there is very little cost in the first few years. The idea of a Master Declaration is a nightmare. This gives the City a chance to define community and this is how we will assess it. Net tax capacity seems to be the cleanest way. Housing and Redevelopment Authority / January 18, 2011 Page 2 of 8