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Regular City Council Meeting Monday, March 09, 2009 Page 12 Councilmembers concurred that they required additional time to review this more detailed data reviewed by staff before making a decision. Councilmember Ihlan expressed concern that residents in attendance at tonight's meeting should have some indication from the City Council of their intent, and encouraged that action be taken tonight. Mayor Klausing opined that, when he took the Oath of Office, it was his charge to understand the problem or issue, and do what was right; and that based on the in- formation provided to-date, he could not do so tonight. Councilmember Roe opined that he was still trying to understand the issues, and that he needed more information to complete his analysis of whether to impose a penalty or not. Councilmember Roe advised that he took the concerns of both the developer and residents seriously, and in his review, was attempting to be fair to all parties. Ms. Ippel again reviewed language of the State Statue regarding compliance and penalties. Councilmember Johnson, in addressing residents, opined that compelling argu- ments were heard from them, and sought a show of hands on those in attendance who were impacted by this rate issue. Tracy Goodrich, Organizer with Affordable Rental Housing Ms. Goodrich opined that an underlying issue with residents, as initially brought to the City's attention when proposed by the developer, was the potential for rent increases and displacement, while the developer received tax credits fro the prop- erty. Ms. Goodrich noted that 22 people were displaced, thus creating the fiustra- tion; and the apparent lack of concern or interest of the City until Mr. Cann had identified the issue for the City. Ms. Goodrich alleged that, without Mr. Cann's involvement, the City would have remained unaware, and the developer would be continuing to overcharge renters. Ms. Goodrich questioned if this was how the City would like to see their affordable housing tax credits used. Marsha Kresse Ms. Kresse reiterated her original concerns; the additional police calls to the com- plex based on current renters; lack of belonging of neighbors; and other residents who moved out due to the diminishing quality of the neighborhood, in addition to those displaced. Ms. Kresse asked that the City Council ensure that those pre- cious tax credits and bonds go to developers who do what they promise. Ms. Kresse opined that this impact was substantial.