09-10-08 Council Minutes - Laserfiche WebLink

Home Browse Search

MINUTES CITY COUNCIL SEPTEMBER 10, 2008 Bill Ford indicated that he has never heard from any of his neighbors about rot or wetness problems. One property owner indicated that she had to replace two windows at a cost of $8,000 due to rotting walls. This property owner indicated that by doing a comprehensive project and resolving the building problems, there will be an economy of scale savings. Marge Beauvais indicated that she is the original owner of her unit. She supported the need for the improvements as proposed. Beauvais pointed out that there was no increase in association dues for a period of 10 years, and because of this the association does not have adequate reserves to pay for the needed improvements. Beauvais felt that there is a lot of work needed on this building. She pointed out that it is up to the homeowners' association to protect the value of the building and get this work done. Beauvais felt that she had a fantastic home as well as neighbors and wanted to protect her investment. She pointed out the improved energy efficiency that will result from the improvements. Beauvais indicated that the building problems are not one person's problems, but everyone's and pointed out the need to work together to get the problems addressed. Beauvais pointed out the existing amenities of Canabury Square as well as the suggested improvements that add to everyone's property values. Beauvais again indicated that the repairs are needed, and the HIA is a way to finance them. She indicated that this project will be long a tedious, but as it is worked through the picture will become clearer. Beauvais felt that for $15,000 to $17,000 from each property owner, the building will end of to be a new building and everyone's property valued will be increased. Valento indicated that the monthly association dues at Canabury Square have been low which is the reason that there are not adequate reserves to pay for the building repairs. Valento noted that the repairs are necessary and need to be done. Valento urged the Council to pass the ordinance establishing the HIA. Once the ordinance is passed the 45 day time period will begin in which 35% of the owners can stop the creation of the HIA. There was no one else present wishing to comment on this matter. Upon motion by Allan, seconded by McGraw, the public hearing was closed. Keis asked for a show of hands indicating support for the creation of the HIA. The vast majority indicated their support. Two owners present indicated their opposition. Blesener again noted that if the Council adopts the HIA ordinance, it will take 35% of the property owners to vote down the Council's action.