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. . 7 . you have issued bonds that you must issue as you go ahead on construction to payoff your contractors and naturally since the villa~e has no funds no~ it has to get sufficient funds and this is what we ca 11 capital ized interest. ,,0 the proposed maximuIC cost woulc be i600,OOO. If the project proceeds faster, there ,.<ouldn't be that much interest CO'o":. If construction costs are less than anticipated, then there will be that ~uch less in construction cests and so we have felt that we have a very con- servative figure here in ;6CO,OGC. In I~prover'ent N0. 3 the proportion of bonds to be paid by . general taxes is "none". In other words, nothing will be against the general taxing power of the vi 11age. No I:\i 11 rate increa se. This area alone will pay for this project on a complete assessment prograrr. This was true in No.1. They handled it completely down 'there and in No. 2 west of Lake Johanna, that too was ICef,' assessment. This is a policy decision that the Council had made early last year and they are following that consistently that each area, if they want sewer service, would pay for the cost and so your general taxes on your house would not have to go up and that's the reason we sho.,., it as none. Therefore, in r~o. 3 the proportbn of bonds to be Faid by special assessment is i600,OOC. Breakioj that down we have shown some detail here on approximate assessments, bearing in mind that these are estimates and will be definite figures at have the time of the assessment hearing but in order that you/some idea of Ahat this will cost you, this is it. . 'here you have abutting se,ver per front foot, ill"rred iate 1 y abutting the property '~ill be ilO.CJ a front foot. If you de not have sewer abutting your property but because of the general benefit