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OLIth Bend Rede elopnient Coniiiiissioll <br />Resc hedUled . e t_tl ar Meeting . -May 8, 2007 . <br />1. Northeast Neighborhood Development Area <br />(1) continued. <br />that ownership in-fomiation is required d urm <br />the process of dcclaritig the new IF area. <br />That will be includcd in a packet the <br />'oiT.i fission will receive for the June 1 <br />meeting. <br />Jpon a motion by Mr. I'.in , seconded by <br />Mr. Downes and unanitrlously caiTied, the <br />Commission approved the request for <br />prop s:r_-d and a-ccepted die proposal fi-oni <br />Lang .Feeiiev &,, Associates I.-Or the scope of <br />services and fee proposed- <br />(2) C approval requested for <br />proposal for financial consulting services <br />in the Northeast Neighborhood <br />Development Area, (Eddy Street <br />Commons TIF <br />Mr. Its .noted that this proposal is for <br />financial advisor- { set-ViceS with Crowe <br />Chizek and Company LIX. They would. be <br />work-In work-Ing with staff` to structure a TIF bond(s), <br />looking at financing alternatives, planning <br />and financial tFLIC 11-in , disclosure and <br />presentation is Lies, the sale of the bond, <br />closing of the bond, etc. The total fees would <br />not exceed S 351000 PILIS OLIt of pocket <br />expenses not to exceed $3,500. The <br />Controller has reviewed the proposal and has <br />authorized it to conic before the Commission <br />for consideration. <br />Mr.'Peczkowski asked if approval by the <br />Controller was necessary. Mr. Inks <br />responded that recent practice has been to <br />COMMISSION :'H='E'RON.. "I' -I-IIF. R F'Q(,!;F.'ST I; _ }I <br />PRO1'0SA1, AN1) ACC F, IF 1'I O PC) SAI.- FROM <br />1, AN ("i F F- N Fi Y & Assoc I ATF FO R'FFII`_ sC OPE C) I <br />SERVICES AND FT-TI. PROPOSF-l") <br />