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�, � . <br /> x . <br /> ' '1 . <br /> , * � . <br />, � � <br /> Memorandum#02-61 <br /> June 13,2002 <br /> page-2- <br /> Evidence of the City of Decatur's intent to provide this assistance is a necessary element of the <br /> Revitalization Plan. HUD has indicated it would not approve a Revitaliza.tion Plan absent a statement <br /> of intent from the ma.jor participants. <br /> The ne� major milestone is the negotiation and preparation of a master redevelopment agreement; to <br /> which DHA, EastLake and the City would all be parties. The resolution contemplates tha.t document <br /> as the legal instrument within which the City can and will commit to a specific funding amount and <br /> schedule. <br /> Like virtually every other HOPE VI milestone, this resolution and its specific language require the <br /> concurrence of the DHA, and eventually HUD. Although City staff is still waiting for comments from <br /> the HCTD Office of General Counsel, as of the writing of this memorandum City staff believes tha.t the <br /> attached resolution is in its final form, However, in the event that certain language or other changes <br /> are required, an updated resolution will be available Monday night (sooner if possible). <br /> It is not expected that any funding for Near North infrastructure improvements will come from <br />, the General Fund. <br /> POTENTIAL OBJECTION: <br /> City staff is not awaze of any opposition to this resolution. <br /> INPUT FROM bTHER SOURCES: <br /> Attached to this memorandum is the resolution. <br /> STAFF REFERENCE: <br /> If Council members have questions they may contact A.J. Krieger, 424-2727, <br /> ;kriegerna,decaturnet.or� . <br />