04-20-09-WS - Laserfiche WebLink

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ARDEN HILLS CITY COUNCIL WORK SESSION-APRIL 20, 2009 4 Community Development Director Lehnhoff explained that homeowners could opt out of the HIA by paying the special assessments up front. Councilmember Grant questioned the expense to each unit for the new siding, along with the expense to paint each unit. Ms. Kvilvang stated the expense was estimated to be roughly $16,000 per unit, according to the association. Jim Pinckney, townhome Board member, explained he did not have the painting expense estimates with him. Mr. Pinckney apologized for not having the painting estimates with him and thought the numbers were roughly $2,000-4,000 per four- plex every five years. Councilmember Holden questioned if the association has redone the roofs or if they would need assistance on that as well. She expressed concern on how the association would be able to set funds aside to meet their future expenses if paying for assessments. Elwood Caldwell, homeowners association, indicated they were completed within the last five years. Ms. Kvilvang explained that the dues within the association would have to be increased and set aside in a reserve fund for large future expenses, such as parking lots, sidewalks, etc. Councilmember McClung questioned if a formal study on future expenditures would be brought to the Council with their request. Ms. Kvilvang stated she would recommend this be part of the request along with forwarding the information to the homeowners. She explained that this was a grass roots initiative and took a great deal of time to gather the proper information for this procedure. Councilmember Grant stated he felt the painting estimates would be crucial information to pass along to the homeowners and Council as this item proceeds. Councilmember McClung agreed stating he would have liked to see the association complete more work up front before this was brought to the Council.