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CITY OF LITTLE CANADA <br />RESOLUTION ESTABLISHING HOUSING IMPROVEMENT FEE FOR HOUSING <br />IMPROVEMENT AREA NO. i PURSUANT TO MINN. STATUTE § 428A.14. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LITTLE CANADA AS FOLLOWS: <br />1. FINDINGS AND RECITALS: <br />(A) The City of Little Canada ("City") is authorized under Minnesota Statutes, Sections 428A.1 I <br />to 428A.21, to establish by ordinance a housing improvement area within which housing <br />improvements are made or constructed and the costs of the improvements are paid in whole <br />or in part from fees imposed within the area. <br />(B) By Ordinance No.658 adopted September 10, 2008 (the "Enabling Ordinance") the Council <br />established Housing Improvement Area No. 1 in order to facilitate certain improvements to <br />the property known as Canabury Square Condominiums. <br />(C) The Council finds that owners of at least 25 percent of the housing units within Housing <br />Improvement Area No. 1 have filed with the City Clerk a petition requesting a public hearing <br />regarding the establishment of a Housing Improvement Fee for Housing Improvement Area <br />No. 1. <br />(D) The Counci] has on March 18, 2009 conducted a public hearing, duly noticed in accordance <br />with Minn. Stat. § 428A.14, regarding adoption of this ordinance at which all persons, <br />including all owners of property within Housing Improvement Area No. 1, were given an <br />opportunity to be heard. <br />(E) Prior to the date hereof, the Canabury Square Condominium Association has submitted to the <br />City a financial plan prepared by Becklin & Whitnes, an independent third party, acceptable <br />to the City and the Association, that provides for the Association to finance maintenance and <br />operation of the common elements in the Canabury Square Condominium Association and a <br />long-range plan to conduct and finance capital improvements therein. <br />2. HOUSING IMPROVEMENT FEE IMPOSED. <br />(A) The City hereby imposes a fee on each housing unit within Housing Improvement Area No. I <br />(the "Housing Improvement Fee") as specified in Exhibit A attached hereto, which Housing <br />Improvement Fee is imposed on the basis of the total cost of the Housing Improvements to be <br />financed by the Housing Improvement Fee, divided by each unit's percentage of ownership <br />as a part of the total association. (The percentage of ownership calculation is the same used <br />by the Association for the apportionment of assessments made by the association.) An <br />additional fee is also included for windows and patio doors on a per unit basis for the work to <br />be anticipated to be done in each respective unit relative to those work items. <br />