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10 ., assuming the complete ultimate design. On the other hand, in order to avoid lawsuits, I have always recommended to the Council that they somewhat decide in conjunction with the input from the people, and that's why you have the feasibility hearing so people can give you their input as to how much should be assessed and how much spread on general taxes, but that's not binding on you. It's up to the,Council's discretion at a later date to make that decision. In addition to the percentage - whether 100% or something less - you also have to determine over what period of time you want to assess. For example, under our law, you can go from one year to 30 years. It might not be feasible to have a one year assessment because the financial burden might be too great. On the other hand, if you go out the full 30 years you're paying a lot of extra money for interest, plus the fact that sometimes the assessments are going beyond the time of the improvement itself. We used to have a rule of thumb that streets should be assessed a 10 year period, sanitary sewer and water about 20 years, and long term buildings like a village hall 30 years so you get a blend with all of the various taxing districts if they use that kind of formula of having kind of even (inaudible) well, the schools don't have any problem at this time so we don't have any tax levies for that. I would not recommend the Council go 30 years. Our recommendation, if you decided to go, would be not more than 20 years, but you should consider in today's market and what is happening to interest rates that as you start running on beyond 15 years the interest rates are up to 7% and, we don't have any way of knowing what the interest rates will be a year from now. . You know the last session of the legislature amended the bond code to permit you to issue bonds up to December 31 of 1982 to a maximum of 12% and after that at 9% with the idea they'll look at it in intervening legislative sessions. It also provided in the same tax bill that when you determine what the assessments would be that you also, at the assessment hearing, determine the interest rate and the law gives you ,the right to have whatever the average interest rate is on your bonds plus 1% - the greater of that - the interest rate or the basic law. That's the Local Improvement Code which is Chapter 429 which says the Council may charge interest up to 8%. On the other hand, if the bond rate came through where you issued 8% bonds, you could have an assessment rate on the unpaid assessments at 9%. On the other hand, if our bonds came through at 5%, obviously you could then add 1% and have 6% on the carrying charge of the assessments or use Chapter 429 and go back to 8%. On recent bond issues, because of the nature of the market, we had generally been in this area at the 8% rate. The reason is that you should always have something between your bond interest rate to cover the administrative costs each year that get picked up and that's the reason you always have the over-ride on special assessments. That's