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.',:':;-f!' . . 13 period of Hille .. after all taxes would go high.. while technically these are not taxes they are collected with JUr real estate bill, we are taking advantage of the 20 year period of time. Now, it doesn't mean that you have to use the 20 year period. We will spread it and our recommendation to the Council is that we will spread it over 20 years but under the law if anyone wants to pay cash you may aod you save the 5% interest and you can let it run fer a year or two and then come in and pay it off but because we have to adopt a uniform plan we're recommending that all of the assessments be spread over a 20 year period and if anyone wants to prepay at anytime they can do that and save the 5% interest but in order to provide a sound financing plan for the bonds, wf're recommending this particular choice. As you will notice in the procedure section we have indicated in the brochure, the Council is proceeding on its own initiative in that they have called this meeting and are presenting this plan to you and it's up to you shetheryou feel there is a need for sanitary sewer service and whether the plan is feasible and if you object,on what grounds, so the Council can determine whether they are valid objections. However, there is a procedure on our Statutes whereby you don't have to wait for a Council to call for an improvement hearing. 30% of the people Within an area can petition for it and I dare say there are some people here tonight that are living in .. portion of the Village that will not be getting immediate service who may want to get immediate service and they can then use the petition method and if they get 35% of the people in the affected property area they can then petitien for another improvement and the Council would have to act on it and hold a