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Assessment Rates <br />8 <br />Project Area Proposed Final Rate Feasibility Rate <br />Street Reconstruction <br />(Glenpaul and east Jerrold) <br />$6,942.44 $8,107.00 <br />Full Depth Reclamation <br />(Edgewater and west Jerrold) <br />$2,532.10 $2,984.00 <br />50% of the Street Project Costs <br />•Reconstruction: Glenpaul and east Jerrold = $555,395.11 (80 Units) <br />•Reclamation: Edgewater and west Jerrold = $146,861.60 (58 Units) <br />Interest Rate on Assessments = 3.15%; can be paid over a period of 10 years