CC 02-24-1960 - Laserfiche WebLink

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. . 10 . ordered, dnd all of the people in this Improvement 1;]0. 3 hooK up, it just then means that you have more people connected to the system so that the average cost would go down. AS a result, it would not be $36.00. For example, you have certain static costs ~hether you have 50 connections of 100 or 150. Supposing the average cost is ';'3000 and you only have 5C connections, it means 5C people have to pay for that $3,000 cost. If you add 4CC more connections to it, the cost does not go up proportionately because the cost does not go up in direct proportion to the number of people that hook up and the service charge could be reduced, but we show it at this higher figure and I am of the opinion that when everybody . hooks up in Improvements 1, 2 and 3, that the cost will be closer to 130, but again we wanted to give you the worst possible picture. Then the next paragraph. "In order to determine your individual total cost, multiply the front footage of your property by $10.00, as indicated in Item 5 above and add $50.00 for the service stub. Divide the total figure by 20 years to determine the yearly assessment cost, and add 5~;~ on the unpaid balance each year". The statute says that we can set up an assessment program over a period not to exceed 32 years. The 30 year period came about two years age but none of the communities are using thirty years. Most of the!!' use twenty. I know of none using thirty and I ':,:ould have no idea of ho~ that would be received in the bend trade and so we are following the consistent patters of t'Jlenty years and if it's 20 years you divide the total assessment by 2C to get your princiij:al . that would be due each year and it I s 5% on the unpaid balance. You can pay this up cash in advance and save the interest, or any time ~