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. . .. and four at $4,900.70. Mr. Feyereiaen haa made certain arr&.nge- menta with people who have purchased those lots and he will pay the amount that waa agreed upon when he sold the particular lots. For purposes of the assessment hearing and the assess- ment roll, Obviously the Council had to propose the adoption of a period of time, and in the notice the assessments are spread over 20 years with an 8% carrying charge. The notice also provided that there could be the opportunity of paying 50% of such assessment within that 30 day period before it's ce:.::tified on down. our discussions in our office - and at that tiro~ Mr. Feyereisen wasn I t completely sure how much he was going to pay down and'it would, Obviously on some lots, might nct be the full 50% - it might be something less than that. Yeu have the right to make that determination tonight if you wish to, and perhaps the engineer can tell you what Mr. Feyereisen may have discussed with him subsequent to that meeting in our office, but assuming there is no other change than that, there would be 30 days to pay without any interest penalty, after which the assessment roll would be certified to . the county and then one-twentieth of the principal would be collected each year for the next 20 years, together with an 8% carrying charge. Anyone who may own a lot may pay the assessment balance up anytime within that 20 year period, but :r know Mr. Feyereisen has this arrangement with some of the lot owners and he indicated he would make whatever paymenta are necessary during that 30 day period so that his commitment was kept. MAYOR CREPEAUs Any questions? COUNCILMAN CRICHTONs I g1\ther we have, except for the lots where no assessment is m~de, three different assessment figures? MR. POPOVICH: There is one \.'lithout any assessment so th",,:ce would be no assessment there. There are nine lots originally scheduled at $4,100.00 and four at $4,900.70. Now, '~,e $333 comes off of which lots? MR. CHRISTOFFERSEN: Lot 7, Block 1 and Lots 2 and 3 of Block 2. COUNCILMAN CRICHTON: In addition to the zero, there are fe'1%' different prices. I guess my only real concern is, since t~ese are different figures, do all of the land owners know they are being charged more or less than the others? Do they knml this? It's a little unusual practice if they don't. MR. POPOVICH: Theoretically, the assessments would be to the benefits and you would think they would be equal, but because of the prior arrangements Mr. Feyereisen had where they