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Attachment B Regular City Coancil Meeting Monday, September 22, 200$ Page 5 A bench handaut was provided with additional detail via e-mail from Ms. Sue Shea, Past Pr�sident of the 'Westwood Village I Ass�ciation regarding steps taken by the Association to ensure future financial stability of the Associa�ion to avaid similar siivations. As detailed in the siaff report, Section 3.9, N1s. 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 actron at that time in the form of a res�lution assessing those costs prior to the pro�ect being ini- tiated. Ms. Kelsey noted that there would be oppartunity far residents to pay off t�e assessment without finance charges or fees; in accordance with the Associa- tion's Second ArnendmenE Declaration for esiablishing assessment amounts, basi- cally dividing costs equally among the 47 homeowners. Ms. Kelsey reviewed the praposed ordinance establishing a housing itnprovement �rea (HIA) t�ati would, upon ena�tment of t�e �ity Council, take place 45 days thereafter; and that during that time period, owners af at Ieast 35% of �k�e 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 sta�f report, other communities having established HIA's in the past, and their experiences in doing sa. As part of their analysis, staff'recommended a 15)year t�rm, 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- munify — Westwood Village, d`stributing assessments equally among the 47 homeowners.. Ms. Kelsey provi�ed; in addition to written festimony provided in the staff report, three additional wri�ten testimonials sup�drting the requested City Council action. Ms. Kelsey concluded by r�viewing regiiesied Council action tonight, in opening the Fubiic Hearing ta fiake public comment; noting that mailed notic� was sent to- ta1 owners of record within the proposed boundary of the HIA for 'UVestwood Vil- lage I, in additio� to published notice in the Roseville Review. �vls. Kelsey noted that the current and past presidents af the Association Board were present and �vould �ike fo spea�C �o the issue prior to public �o�nmenf. NYark Isindberg, current President, West�vood Vi�lage I; [2702j MacKubin �treet N�r. T,indberg read a prepared statement, providing a history of the praject, current deteriorat�on of the buildings, lack of foresight in origrnal governing documentis from the 1960's for this major of a project, inadequate Associa�ion funds, and the Association's desire to� partner with the City to accomplish this rehabilitaiion. Mr. Lindberg op�ned that this �roject would serve to meet goals as outlined in the Sec-