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City Council Regular Meeting - 12/18/06 Minutes - Page 11 add additional criteria above State Statute in making conditions on the loan. Ms. Shea further opined that this would provide an affordable way to finance public improvements; and welcome any assistance the City could provide to improve the quality of the housing complex. Public Comments Keith Body, 2648 McKubin Street Mr. Body advised that income considerations were vital, and personally noted that if he were to refinance his unit to pay for the improvements, he may not be able to afford the payments based on his income level. Mr. Body requested that the Council consider some type of long-term financing through the City or HRA-arranged financing through banks; opining that otherwise, most of the residents wouldn't be able to meet their payments for short-term bank financing. Resident at 2668 McKubin Street The resident spoke in support of the proposal; opining that the President and Association Board had done their homework well; and sought the City Council's careful consideration of the proposal. Jane Ritchie, 2720 McKubin Street Ms. Ritchie opined that the "property was the jewel of the town;" and further opined that it would be a shame if, because people are unable to afford it, it further deteriorated. Ms. Ritchie advised that the residents are willing to make the property a real asset to the City; had considered other options; and wanted to maintain the property as an asset to the City, thus necessitating the homeowners' request to the City for assistance. Mark Lindberg, 2708 McKubin Street, Vice President of Association Mr. Lindberg spoke specifically to Councilmember Pust, asking "What are your fears of doing this type of financing?" Councilmember Pust opined that the arguments for financing were not being made to a bank, but to local government; and noted that her decision needed to be based on other needs in the community of other multi-family and single-family homeowners; and other