Item 3D: Appointments to Expenditure Review Panel

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ATTACHMENT B ERP Framework Expenditure Review Panel for the Downtown Urban Renewal Plan The concept for the Expenditure Review Panel (ERP) for the Downtown Urban Renewal Plan comes from Section 600 of the 2010 amended Plan, which calls for the City Manager acting as the Agency Director to: “convene not less than once each year a committee of such persons to prepare a report to the Director on: a)the activities of the Agency for the previous fiscal year, and b)whether the Agency’s expenditure of tax increment dollars was limited to the projects authorized by the Plan and the associated administrative costs authorized by the Plan. The Director shall forward that report to the Agency Board upon its receipt.” Fulfilling this Plan requirement includes establishing a panel charter and member expectations consistent with the Plan language, identifying panel membership guidelines, developing and implementing a process to recruit and select members, providing staff support so the panel can fulfill its charter, and assisting the panel in distributing its reports in a timely fashion. The City Manager’s proposal for the form, function, committee member selection process, and orientation is described below. ERP Charter  Prepare a report on the Agency’s use of Downtown Urban Renewal Plan funds and on whether the expenditure of tax increment dollars was limited to the projects and the associated administrative costs authorized by the Plan. Expectations of ERP Members  Have or develop a basic understanding of the projects, expenditures, terms, and requirements authorized in the Downtown Urban Renewal Plan  Prepare annual reports documenting the Urban Renewal Agency’s use of tax increment dollars and noting whether the funds were used in compliance with the approved 2010 amended Plan. (The ERP reports would be separate and distinct from the reports prepared by the City’s outside auditor.) ERP Membership Guidelines  Generally, strive to represent the richness of the community’s perspectives, neighborhoods and population demographics  Seek a balanced mix of constituent representatives*, including but not limited to: 1.downtown stakeholder(s) (property/business owner, resident) 2.representative(s) from the general public 3.member(s) with financial/accounting expertise  Terms not to exceed the life of the Downtown District (approximately eight years)  A long-term commitment to serve on the ERP is preferred but not required S:\CMO\2012 Council Agendas\M120109\S1201093D.doc