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Attachment A plrocelss used in Coon� Raplids; as well as a relplort, on ot'h�elr com�m�un�it'iels that' had con�sidelreld an HI'► and chosen not, to do so. Ms. Bennett l adviseld that l she would at�t�elm�pit, to oblt'ain t'h�at, in�form�anion during the l analysis. Councilmember Masch�ka requested in�form�at,ion as to whether a plubll ic/pirivat,el plart'n�elrsh ii pi, usin�g the l City's taxing authority as a con�duit�, was an opit,ion�. City Attorney advised that l he would need to resear& that l opltion� to see if it was allowed under Statute. Mayor Klausing opleln�eld the l Plubll�ic Hearing at 6:53 pi.m�. Association Presid�ent, Sue Shea� Ms. Shea read a brief written st'at,elm�eln�t, encouraging the l City to consider this opltion for m�ul�t�i-fam�il�y h�ousin�g stock; n�ot'in�g t'h�at, current l residents had "in�h�elrit�eld the l maintenance pirobll�elm�," as well as having no associat�ion funds in reserve. Ms. Shea oplin�eld t'h�at, short ,-t�elrm loans would clause a hardship for a majority of their owners; and if the l piroplelrt,y continued to delt�elriorat�el it would create l more l costly relplelrcussion�s for the l City and associat�ion in the l future. Ms. Shea assured Councilmembers t�h�at, thel Associat�ion Board was im�pil�elm�elnt�in�g financial pil�an�s to ensurel that l this didn't haplplen in the l future; and noted that l the l City can add add itiona! crit�elria ablovel State l Statute in m�akin�g con�dit,ion�s on the l l�oan . Ms. Shea further oplin�eld that l t�h is woul�d pirovidel an affordable way to finance plubll�ic im�pirovelm�eln�t�s; and welcome el any assistance the l City could pirovidel to im�pirovel the l quality of thel housing coon pil�elx. Public Comments Keith Bod�►,. 2648 cKubin Street Mr. Body advised that l income con�sidelrat�ion�s were l vital, and plelrson�al�l�y noted that l if he were l to refinance h�is unit l to play for the l im�pirovelm�elnt's, he play note be able l to afford the l playm�eln�t's based on h�is income level. Mr. Body requested that l the l Council consider soon el type of long -term financing through the l City or HR►-arranged financing through banks; oplin�in�g that l otherwise, m�ostl of the l residents wouldn't l be able l to m�elelt, their playm�eln�t�s for short l-t�elrm bank financing. Resident at 2668 cKubin Street The resident l splokel in supiplortl of the l piroplosal�; oplin�in�g t'h�at, thel Plrelsidelntl and Associat�ion Board had done l their homework well; and sought l the l City CounciI's carefu! con�sidelrat�ion of thel