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Regular City Council Meeting Monday, September 22, 2008 Page 5 A bench handout was provided with additional detail via a-mail from Ms. Sue Shea, Past President of the Westwood Village I Association regarding steps taken by the Association to ensure future financial stability of the Association to avoid similar situations. As detailed in the staff report, Section 3.9, Ms. Kelsey noted that a second public hearing would be scheduled in the future to discuss the cost of the project and the amounts to be assessed against each unit, with requested Council action at that time in the form of a resolution assessing those costs prior to the project being ini- tiated. Ms. Kelsey noted that there would be opportunity for residents to pay off the assessment without finance charges or fees; in accordance with the Associa- tion's Second Amendment Declaration for establishing assessment amounts, basi- cally dividing costs equally among the 47 homeowners. Ms. Kelsey reviewed the proposed ordinance establishing a housing improvement area (HIA) that would, upon enactment of the City Council, take place 45 days thereafter; and that during that time period, owners of at least 35% of the units, or in this case, 17 units, could veto the ordinance by filing a petition of objection. Ms. Kelsey reviewed, as per Section 3.10 of the staff report, other communities having established HIA's in the past, and their experiences in doing so. As part of their analysis, staff recommended a 15)year term, with a 1.5% administrative fee over and above the assessment amount of the improvements, using the Second Amended Declaration of Common Interest Community No. 727, a Planned Com- munity -Westwood Village, distributing assessments equally among the 47 homeowners. Ms. Kelsey provided, in addition to written testimony provided in the staff report, three additional written testimonials supporting the requested City Council action. Ms. Kelsey concluded by reviewing requested Council action tonight, in opening the Public Hearing to take public comment; noting that mailed notice was sent to- tal owners of record within the proposed boundary of the HIA for Westwood Vil- lage I, in addition to published notice in the Roseville Review. Ms. Kelsey noted that the current and past presidents of the Association Board were present and would like to speak to the issue prior to public comment. Mark Lindberg, current President, Westwood Village I; [2702] MacKubin Street Mr. Lindberg read a prepared statement, providing a history of the project, current deterioration of the buildings, lack of foresight in original governing documents from the 1960's for this major of a project, inadequate Association funds, and the Association's desire to partner with the City to accomplish this rehabilitation. Mr. Lindberg opined that this project would serve to meet goals as outlined in the Sec-