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Session 1719, Minutes <br />April 13, 1998 <br /> <br />Mr. Munkel said he was in favor of this question, but he does want the street to meet <br />the City's standards. He wonders if there is not some funding sources that might be <br />explored on the state or federal level. He pointed out that there was precedent in <br />regards to this type of situation, which was discussed last fall, in regards to curbing. <br />The responsibility for costs lies with the property owners, which is how the City has <br />always handled this. He does not believe the City should bear any costs to make this a <br />public street. <br /> <br />Mr. Ware said that it appears that the developer of the condominium worked it out <br />where the owners of the condominium would not receive the full benefit of the private <br />street. He would agree to approve this if we could get some type of assurance the <br />improvements would be paid by the owners. Mr. Ware felt it would be better, <br />administratively, if the majority of the owners, could pay the full cost now. He asked if <br />the City Manager could find out how many could pay the full cost. <br /> <br />Mayor Adams said it should not be up to the City who can pay and who can not pay. It <br />is up to the condominium owners and their trustees. They may be able to get a home <br />equity loan and get a lower interest rate than what the City could give as an interest <br />rate. <br /> <br />Mayor Adams said the sense of the Council is to move forward in the negotiations and <br />study of the concept, but that the condominium owners would have to bear the full <br />burden of the costs. As for the argument dealing with the developer getting the only <br />benefit, the original owners were very likely getting the benefit of being able to control <br />their own street. Many neighborhoods in University City control their own streets, but <br />maintaining them is very costly. The Mayor does not want to set a precedent, however, <br />with sharing costs because we could be flooded with a large number of private <br />subdivisions who would want us to take over their streets. He suggests turning this <br />over to the City staff to work with condominium to see if something can be worked out. <br /> <br />Mr. Fischer said that the association had a private engineer come out to look at the <br />street and they were told that the street was not in bad condition, but only needed <br />resurfacing. The estimate was a quick one and might be less, depending on the results <br />of core drillings. Mr. Fischer continued saying that it would be difficult determining who <br />could pay and who could not. Mr. Lieberman said that if the City does it, the City will bill <br />each individual owner, consequently removing the association from making these <br />decisions. Mayor Adams said that the owners need to know what the City will be doing <br />and agree to it, before anything is done. <br /> <br /> <br />