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Regular City Council Meeting Monday, September 22, 2008 Page 11 improvements, as well as State mandates for elevator installation. Ms. Como opined that she was not aware if their units were in the same position to seek funding from the City, but advised they would be looking at it more closely. Ms. Como thanked the City Council for considering looking at the needs of Westwood Village I. Frederick Blanch, 2728 MacKubin Mr. Blanch opined that square feet were not necessarily square feet when looking at labor and time required for the unique siding issues on some of the smaller units. Mr. Blanch further opined that this issue could be "detailed to death;" but noted that the Board was attempting to make this entire project as fair as possible, and that a professional manager was available to assist with the project. Mr. Blanch asked that, with majority support of the property owners already deter- mined, that the City Council not get mired in the details; and thanked them for their consideration. Esther Piper, 2712 MacKubin Ms. Piper advised that she and her husband Richard came to Westwood Village in February of 1969; and throughout their almost forty (40) years there, the units had received numerous improvements for the entire community. Ms. Piper observed that Mr. Nygaard had spent one entire summer overseeing the road improvements for the Village; and opined that the Westwood community had always been able to come together as a community, based on splitting costs equally among the forty-seven (47) units. Ms. Piper opined that this improvement was very impor- tant for the overall Westwood community and expressed her concern in hearing the dissention among a few residents, when the community was built on a democ- racy and that the majority counted. Ms. Piper stated that she hoped it did this time as well. Mayor Klausing closed the Public Hearing at 7:48 p.m Councilmember Ihlan opined that a larger policy picture was evident for the City; and asked staff where the funding for this project would come from. Finance Director Miller advised that, given the size of the improvements, he an- ticipated recommending to the City Council issuing a Revenue Bond; but hesi- tated to do so under a General Obligation Bond, should assessments come up short and create a need to pay off the debt service with general taxpayer monies. Councilmember Ihlan asked if other taxpayers or the City's credit rating would be impacted. Mr. Miller responded that the City was recommending that residents be allowed to pay their assessments up front if able to do so, and that a 1-1 /2% administration