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<br />. <br /> . A feasibility report was prepared in March 1993 which ~:.t1ated the <br /> assessment rate to be $3.03 per front foot. Based on bids recehed on <br /> April 6, 1993, the proposed assessment rate has been reduced to $2.98 <br /> per front foot. For example, a property with 125 feet of frontage <br /> would be aS$1('ssed $372.50 for their share of the overlay <br /> improvements. As a comparison, the 1991 assessment rate was $2.82 <br /> per front foot. <br /> . The proposed assessment for each townhome unit is $63.78. <br />. . Next step in procedure is to order an assessment hearing for May 10, <br /> 1993. An itemized assessment for each property wUl be prepared and <br /> a hearing held to recehe public comments. <br /> . Work is anticipated to be constructed in June and July of 1993. <br /> Access to driveways will be provided at all times m<<:ept when work is <br /> occurring directIy in front of each home. <br /> . <br />. <br />