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Regular City Council Meeting Monday, Apri121, 2008 Page 12 income people working and having no time; elderly being more isolated than in the past; people living longer and needing caretakers; and other difficult situations and family issues. Councilmember Pust also noted the decreased funding for social service agencies and lack of resources in many situations; and the need to make contacts in Rose- ville with community and/or faith based organizations so citizens and staff were aware of additional resources (i.e., Northwest Youth and Family Services). Further discussion ensued as to how the City Council saw the HRA fitting into the code enforcement issue; recognizing the past work done by the HRA on code en- forcement preceding and assisting with proposed implementation of the 10 pro- posals currently before the City Council; need for the HRA to do more brain- storming on multi-family housing issues. Ms. Kelsey addressed the status of the Har Mar Apartment Complex grant appli- cation process, with the application to be submitted in June, with possible award in October/November of 2008; status of other complexes in the community be- ginning extensive rehabilitation with no requested City participation, with the City seeking their funding sources or whether private improvements were being made from association reserves. Ms. Kelsey noted that the Coventry Apartments had just come in fora $3 million building permit, and that staff interaction was helping with communication efforts on various projects. Councilmember Pust clarified that the Coventry project was being funded through conduit bond financing tlirough the City of Falcon Heights. Ms. Kelsey and Board Member Maschka advised that cooperative financing par- ticipation was what was previously referenced as multi-family housing needs and rehabilitation projects were brought forward; with potential creation of a multiple project revenue bond to facilitate that rehabilitation; how it would be structured with the HRA as the facilitating agency; and to what extent the private sector wasn't fulfilling the needs for loan funds. Mayor Klausing opined that he didn't want the City to be the lender of first resort; further opining that upkeep of a facility was often dependent on management. Board Member Maschka opined his interest in having a presentation to the HRA of firms performing REITS (Real Estate Investment Trusts) based on current marketing and financing trends; before the community's multi-family units fur- ther deteriorated and turned into a cancer. Councilmember Roe concurred with Board Members on the multi-family housing unit discussion, opining that it was a good area of housing in the community, and noting that, during budget discussions with the HRA, the multi-family aspect was