2008_0922_packet - Laserfiche WebLink

Home

Attachment A Councilmernber Faust advised that the ration�al�el for the six month analysis plelriod was to deltelrm in�el a source of funds; address cattier needs; and study how the play black would work. Mr. Lindberg expressed h�is appreciation for the l Council's con�sidelrat�ion�; oplin�in�g that "wel do need h�ell�pl," and 'we're l a beautiful plartl of t h is City, and we want to rernain so." Councilmernber Faust relcogn izeld the association�"s financial difficulties, and that they had every right l to seek assistance through the HI► prograrn. Councilmernber Kough reiterated h�is supiplortl of the l fun�din�g. Councilmernber Masch�ka detailed the l piroploseld fin�an�cin�g request; explaining that, whine l there l were l m�on�iels in reserve l to loan this cane associat�ionn, to get to a bond issue to address additional multi-farnily unit needs in the l com�m�un�it,y, there l would need to be a $3 - 5 million bond issue; and ot�h�elr plossiblil it�iels m�ay exist for plubll�ic/pirivat,el plart'n�elrsh�ipis for longer-terrn governmental un�delrwrit�in�g to address com�m�un�it�y-widel needs for multi-farnily h�ousin�g units versus single-farnily h�ousin�g needs. Mayor Klausing recognized that the l Council was aware that this pirojelctl needed to be done; but con�curreld with Councilmernber Masch�ka"s oblselrvat�ion�s for m�akin�g the l blelst, use of a plotential HII►; and the l CounciI's desire to avoid plotential negative l ii m1 plact�s to the l com�m�un�it,y on a number of levels for delt�elriorat�in�g m�ul�t�i- farnily h�ousin�g stack. Mayor Klausing noted that there l were l a n um blelr of questions: • Where l do the l funds come fr= for the l nelxt, Pirojelct'? • What are ot�h�elr plossibll�el pirojelct�s, with a survey needed on those l ot�h�elr units. • Is a bond issue feasible l and/or a good idea? • When con�sidelrin�g the l use of t�axplayelr m�on�iels, should thel City be the l lender of first, restart, or should the l pirivat�el sector be the l first, restart? 0 Relcogn�izin�g t'h�el fin�an�cin�g explertisel of newly-apiploint'eld HRA Commissioner, Mr. Marche, and h is piroploseld opit�ion�s to connsidelr. Councilmernber Iblan expressed appreciation for the l cornment's and discussion at t,on�igh�t,"s oplen m�elelt'in�g; and concurred that additional study needed to be coma pil�elteld; and piroploseld m�ovin�g forward to do so. Mayor Klausing closed the l Plubll�ic Helarin�g at 7:16 pi.m�. Staff was direlct�eld, by Council connselnsus, to work on the l act�ionns, as out�l�in�eld and detained in Section 6.2, of the l Staff Relplortl dated