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the current year may be less than $20,000. Beginning next year, staff anticipates rents and <br /> related project revenue will be sufficient to address operating costs. Staff will continue to look <br /> at financing options to address long -term project maintenance issues (including rebuilding of <br /> porches, irrigation and landscaping improvements, etc.) in an effort to assure project financial <br /> stability. <br /> Respectfully Submitted, <br /> Steven R. Bocian Deborah Acosta McKeehan <br /> Deputy City Manager City Manager <br /> Attachment A Letter from Eden dated January 12, 2004 <br /> Attachment B Excerpt from draft Housing Commission Minutes for February 19, 2004 <br /> meeting <br /> SR:04:049 <br /> Page 6 <br />