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<br />. , <br /> <br />3 <br /> <br />. <br /> <br />improvement that they should receive an acreage charge, and the <br />front footage, depending on the number of front feet you have, <br />would be the front footage charge in of itself. The. charges <br />for services are explanatory because there are different amounts <br />for different size services, and the difference between <br />residential and commercial is justified because of different <br />uses of the property, but as I said, the approach is to find <br />out what the total cost is. The cost has to be financed and <br />apportioned out as equitably as possible based on the benefits the <br />property has received for the improvement that's been put in. <br /> <br />It's proposed the assessments be spread over 20 years so <br />the first installment would be collected beginning with taxes <br />next year .and the first half of the installment would be due <br />on May 31 and the second in October of 1980. The carrying charge <br />would be at 8% on .the unpaid balance. <br /> <br />The Council has adopted in the past, a policy that if <br />people wish to prepay to save the interest charges they can pay <br />in full within 30 days after the assessment roll is adopted <br />and pay no interest, but you have also gone a bit further and <br />said you will accept 50 percent of the total assessment, <br />so if somebody has a $5,000 assessment and doesn't want to. pay <br />the full $5000, although they have the right to do it, they could <br />pay $2,500 and the other $2,500 would be spread over the 20 <br />year period of time. <br /> <br />COUNCILMAN CRICHTON: I'm assuming the figures you were <br />quoting were approximate ones - just for the record. <br /> <br />MR. POPOVICH: I left out some pennies. <br /> <br />Mayor Crepeau announced that the meeting was open for the con- <br /> <br />sideration of objections, if any, to said proposed assessment. <br />All persons present were then given the opportunity to present <br />oral objections, and all written objections theretofore filed <br />with the City Clerk Administrator were presented and considered, <br />. and all such objections were tabulated as follows: <br />Written communications: <br /> <br />Edith Ervin, 4441 Highway 10: Protested the area assessment, <br />indicating that she felt residents should only be assessed when the <br />improvements are made where they live. <br /> <br />Dwight and Georgia Carlson, 4345 Highway 10: Also objected <br />to the area assessment. <br />