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Attachment B <br />REQUEST'FOR COUNCIL ACTION <br />2 <br />3 Date: 6-11-47 <br />4 Item No: 10-X <br />.5, <br />St a <br />ff Ap <br />ljjjjjjjjjjjjjjjjjjj <br />Repo <br />r ax f o. r Welist"Wolold Vifta I "I" 112j'' <br />0-4 J' j, �"tt,) 01 <br />"11) Housing lin <br />. . .. ....... . .... . <br />`11,0 Background <br />rt <br />'1 6111 On September 12,,2006 - petition of the owners within Westwood Village I was received <br />'1. 311 by Roseville City staff Per the statutory requirements, Mn Statute 4128A.12, the area <br />14, must 11ndulde 25% of the owners within the proposed HIA to sign the petition before it <br />1 5 can be considered by the City. <br />16 <br />11 7 a. With 47 total units, Westwood Village I collected signatures from 83%, of the <br />owners, 39 signatures. The petition specl*fically requests that the City set a <br />1 91 public hearing to consider the adoption of an ordinance establishing a housing <br />21) improvement area. Ordinances can only be adopted by the Citv Council,. <br />2, 1 <br />2:2 '1 2 October 9,, 00 Council Meeting <br />4 a. Council accepts the petition as adequate in that the required numbers of signatures <br />11125 (at least 25%,) needed to consider ordinance. <br />26 <br />27' b. Council set a public hearing to consider establishment of a Housing Improvement <br />"428 Area consisting of parcels encompassing Westwood Village I for December 18, <br />291 2006. <br />30 <br />3,21 <br />1.3, December 18,,2006 Council Meeting <br />331 <br />ai, Held public hearing — take public comment and consider public purpose and need <br />35 for funding assistance (Attached Minutes &RCA with public purpose <br />36 considerations) <br />318 b. Council directed staff to provide the follow ingl"nformah"lon prior to June 11 12007: <br />39 <br />4110 1. Conduct a Townhiome & Condominium Association Survey to determine <br />41 if there is larger community wide need for HIS. funding. The results of the <br />42 survey could indicate the advantage of bonding for the Program. <br />4 ,„ i i .. Work with the local banking community to evaluate and understand their <br />openness to providing more favorable association financing using other <br />45, national models. Also evaluate if the private lending risk could be reduced <br />44 with some type of government guarantee. <br />4`7 111 Review the association's current finances to determine if they have <br />49: insufficient resources to pay for the improvements. <br />J Q VXIT R PVT1 PA X 7' '01 P 51 Q Q n 0 151 -f I n"'Q -Finnnoinl nlnn flinf rmic-f 1�p nnannrprl bx,, 5in <br />HIA ordinance - WWV1, (06-11-07) -Page 1 of 2 <br />