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<br />on two separate plats - the Edgewater SOuth and the Heights of <br />Johanna Lake Additions. They are located generally north of <br />County Road 0 and east of Cleveland Avenue as shown on the <br />second drawing on the wall. The streets include concrete <br />curb and gutter and bitUlninous paving. <br /> <br />MAYOR CREPEAU: At this time would our fiscal consultant, <br />Mr. Peter Popovich, explain the financing of this project 77-2. <br /> <br />MR. POPOVICH: The total improvement cost is $116,770.00. <br />There is a total of 31 lots in the two plats. All of them <br />will receive an assessment of $3,887.00 each except one lot <br />which receives only sewer and water services. That lot will be <br />assessed at $160.00. The project will be 100% assessed. <br />There was no feasibility bearing because it was 100% petitioned <br />for. The assessments will be spread over a 20 year period of <br />time co1ll1llencing in 1979 with an 8% carrying charge unless a <br />prepayment is made within the next 30 days after the adoption <br />of the roll tonight, or by paying interest to the end of the <br />year in any year sbould they not pay within the next 30 c'lays. <br /> <br />The Mayor announced that the meeting was open for the <br /> <br />consideration of objections, if any, to said proposed assess- <br /> <br />ment. All persons present were then given the opportunity to <br /> <br />present oral objections, and all written objections theretofore <br /> <br />filed with the City Clerk Administrator were presented and <br /> <br />considered, and all such objections were tabulated as follows: <br /> <br />There were no written communications and no one appeared <br />to be heard. <br /> <br />councilman Crichton then introduced the following resolu- <br /> <br />tion and moved its adoption: <br /> <br />RESOLtrrION NO. 7cf..M <br /> <br />RESOLtrrION ADOPTING AND CONFIRMING <br />ASSESSMENTS FOR IMPROVEMENT NO. SS-W-P-77-2 <br /> <br />BE IT RESOLVED by the City council of the City of Arden <br /> <br />. Hills, Minnesota, as follows: <br /> <br />. <br /> <br />l. The amount proper and necessary to be specially <br />assessed at this time for Improvement No. SS-W-P-77-2 against <br />every assessable lot, piece or parcel of land affected thereby <br />has been duly calculated upon the basis of benefits, without <br />