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Attachment B Regular C`ity Council IVieeting Monclay, Septe�nber 22, 200$ Page 10 were unique to thernselves and diff�rent sized; however, he opined that based on the �ormulas used, there was very little differ�nce bet�veen small and larger units when campared to the actual difference in square footage and loan to value differ- ence. Mr. Brand apined that his was concern was in all units sharing c�sts for the exterior walls for those units having additional interior s�ding areas unique to thein, creating an unrealrstic cost. Mr. Brand opined that it was very irnportant far their community that this financing accur, and. that there were no other options to improve the property; however, he questioned how the particular speci�ications and bids were allocated amon� praperty owners, specifically the interior siding is- 5U�. Don Nygaard, 2658 Mac�ubin Mr. Nygaard, a prafessional engineer and resident, aclvised that he was not on the boarc� at ihis time; however, noted that he had servec� through a riurnber of past projects done in 1996 involving storin sewer, landscaping and other improve- rnents; anc! the last time maj ar staining and painting had been redone was in 2000, at which time a significant a�nount of cedar boards had been replaced due ta rot- ting, thinking that vvas i�e most cas�-effective soltition and that it made sense� at the time. Mr. Nygaard opined that the Board was currenEly seeking ta do a major residing project, rather than continuing to replace ineffective cedar sidin� that �ontinued to deteriorat�. � Mr. Nygaard, speaking from his expertise as ar� engineer, opined t�iat fhis valun- teer Board had done a tremendous amount af d�ligence in researching the project, revising the covenants, and putting everything in place according to current State iaw; and providing for reserves %r future projects. 1VIr. Nygaard spoke to tf�e Board seeking consultatian fram outside parEies �or a full stutiy on the financing aspects ar�d reserves to ensure they were apprapriate over the nExt thirty (30) years; and their hiring of a construction manager to prepare specifications and bids; opining that tliis had pro�ided for an excellent prece of wark and bicis from seven (7) clifferent firms. Mr. Nygaard opined that Westwood Village was a spe- cial place, and as a resident since 1989; he appreciated the design of ihe unifs by a talented architecti; �nd opined that it served as something special Eo the City �f ��sevil�e as well, and thanked the City Council %r �heir willingness to work �ith the Westwood community on financing the project to allaw them to da �he project right. Donna Cama, 1629 W Highway 36, Rosewood Vtllage Condominiums IVIs. Como advised that she was not a resident at Westwaod; however, spoke on behalf of the Assaciation to encou��ge the City Counci� ta endor�e t1�is ordi�iance. Ms. Como spoke t� the importance af this ac�ion to other multi-family dwellings. IVIs. Como noted that their cot�dominiums were facing a simzlar situation, and ex- pressed l�er appreciatian to City staff, specificaliy 1VIs. Kels�y and Community Development Director Patrick Trudg�on, for �heir assistance and expertise. Ms. Como noted that their unzts were 37 years old; and were facrng roofing and siding