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CITY OF ORONO MEMORANDUM <br /> <br />DATE: April 12, 2021 <br />TO: City Council Members <br />FROM: City Engineer <br />RE: 2022 Street Maintenance Project <br /> To: Mayor and City Council From: Ron Olson, Finance Director Date: January 11, 2021 Subject: Homeowner Improvement Areas <br />The City has received an email from the Ron Esau, the Secretary/Treasurer of the Orono <br />Oaks Homeowners Association (HOA) requesting that the City provide the funding <br />mechanism for the HOA to rehab Orono Oaks Drive. This funding could be through the <br />sale of bonds, or through the use of existing city funds. The City would be repaid <br />through special assessments levied on the homeowners of the association. This can be <br />done through the creation of a Homeowner Improvement Area (HIA ). <br /> <br />As indicated in the HOA’s request, the City has over 40 HOA’s within its borders. If the <br />City proceeds with the creation of an HIA for this neighborhood, it is likely that other <br />neighborhoods will request city financing for their roads. There are a number of <br />requirements involved in establishing an HIA. The attached Minnesota House Research <br />document highlights the process. Staff is looking for the Council’s input prior to <br />proceeding on this matter. <br /> <br />Exhibits: <br />1. Orono Oaks HOA Request <br />2. Minnesota House Research Memo – HIO’s <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />