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CC 02-24-1960
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CC 02-24-1960
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5/8/2007 1:10:58 PM
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<br />. <br /> <br />. <br /> <br />13 <br /> <br />. yet set that up but "i 11 be doin') it as soon as this new system <br />goes into operation and whether they wi 11 bi 11 quarterly or <br />~onthly I don't know yet and this is a policy for the village to <br /> <br />decide. Usually it's done on a quarterly basis. However, when <br /> <br />the costs start ~oing u? - <br /> <br />C:4- <br />.....' L . <br /> <br />Paul for years was on a quarterly <br /> <br />hasis and last year because we issued all those water revenue bonds <br /> <br />they went on a monthly basis and when you do it on a monthly basis <br /> <br />it doesn't aapear to cast as much. ~e wanted to show what the <br /> <br />total cost ~culd be i~cluding the service charge and assessment so <br /> <br />you wculd know what the total cost would be to you including <br /> <br /> <br />everything except the connection charge of $20:.00 which is a <br /> <br />one shot deal. Of course, at the end of twenty years there would <br /> <br />be no more assessment charge dlcng with your real estate taxes and <br /> <br /> <br />.. the only thing you would pay would be the service charge then in <br /> <br /> <br />effect for the operation of the system. <br /> <br />You notice in the heavier type we say "only the property <br /> <br />ioc luded in the proposed sanitary sewer improvement II . 3 area wi 11 <br /> <br />pay the special assessment. Property of the village outside the <br /> <br />improvement area ':'ill pay no assessments whatsoever for this <br /> <br />iJ"1provement". Property out side of that improvement ",ill not <br /> <br />ce,ntribute one dime toward thio just as you who live in Improvement <br /> <br />No.3 are contributing nothing toward Improvement No. 1 or 2 or <br /> <br />~ossibly 4 or 5 as the case ~ay be in later years. Each proposed <br /> <br />irnproverr,ent wi 11 stand on it S 0''.'0. ':e find thi s ch ar]e is a fair <br /> <br />assesJT:ent. <br /> <br />I might say that this Council has adopted a 5;'; <br /> <br />carrying charqe. ~,an;J of the cornrr:uni":ies are IT'Dving to 6;,; because <br /> <br />, <br /> <br />interest rates on bonds have gone up higher, as you well know. If <br /> <br />yeu go do~n to the bank today to borrow on a short term note, at <br /> <br />"Jne tir.1e you could get it at 5:<. Ne'i it's 6?' and 6;.t~. !\'any of the <br /> <br />~ <br />
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