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HRA Regular Meeting Minutes dated October 8, 2013 Motion carried. Voting Yes: Chairperson Backous, Commissioners LeTourneau, Johns, Kuzma, Strommen, and Tossey. Voting No: None. Abstaining: Commissioner Riley. 5. HRA BUSINESS 5.01: Award Contract for Services for Further Analysis of Tax Increment Financing (TIF) District #14 — The COR HRA Executive Director Ulrich reviewed the staff report and proposals from Ehlers and Northland Securities to conduct a further analysis of Tax Increment District (TIF) District 14. He described the negative impact of declining property values within the District and opportunity for decertification or special legislation. HRA Executive Director Ulrich reviewed the two proposals received and staff recommendation that the HRA accept the proposal from Ehlers in a not -to- exceed amount of $5,000 as Ehlers is the most knowledgeable of the City's TIF District #14 and has already performed a first analysis of the City's original TIF #14 Plan. HRA Executive Director Ulrich stated staff could do this analysis but it would be much less efficient than using a consultant that knows all of the TIF rules and how State laws are applied. Finance Director Lund stated most cities outsource TIF due to the requirements and prerequisite to follow TIF rules and regulations, noting financial consultants deal strictly with TIF and are experts in that field. Chairperson Backous noted the intent is to develop strategies to approach the Legislature. He corrected his previous comment and clarified that Ehlers had not prepared the report on TIF District #14. Motion by Commissioner LeTourneau, seconded by Commissioner Kuzma, to approve the proposal from Ehlers in a not -to- exceed amount of $5,000. Further discussion: The HRA discussed the past work of Ehlers and need to address what can be done with TIF #14 to get a returned value and good platform on which to make decisions. Motion carried. Voting Yes: Chairperson Backous, Commissioners LeTourneau, Kuzma, Johns, Riley, Strommen, and Tossey. Voting No: None. 5.02: Approve Work Order for Installation of Sign in COR TWO / Sunwood Retail Area per Real Estate Contract with McDonald's USA, LLC Deputy Executive Director Gladhill reviewed the staff report and six alternatives to consider for the construction of two permanent signs along Sunwood Drive for McDonald's USA, LLC. It was noted that one -third of the cost of the signs will be reimbursed by McDonald's in addition to the purchase price. The remaining two - thirds will be paid by land sale proceeds from McDonald's and is anticipated to be reimbursed at the time of sale of Lots 1 and 3, Block 1, COR TWO of the Sunwood Retail Area. Deputy Executive Director Gladhill presented the Housing and Redevelopment Authority / November 12, 2013 Page 2 of 5