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<br />MR. POPOVICH: No, we haven't. <br /> <br />MAYOR WOODBURN: Developers are something else - they're <br />selling off their lots and they want to get out of there in a <br />few years. How does the Council want to proceed? <br /> <br />. <br /> <br />COUNCILMAN MULCAHY: I'm inclined to the view that ten <br />years is a reasonable accommodation. I'm also impressed by <br />the fact that Hansen benefits from the adjustments, if you <br />will, that you mentioned a moment ago - the paving exemption <br />and the consideration that he has only two lots. I'm per- <br />suaded that in combination those are sufficient accommodations <br />for the assessment decision. I also believe that when that <br />property comes in here for development that we'll be asked to <br />divide it into three lots. (Inaudible) that will mean that <br />somebody - whether it's Hansen or a purchaser - will benefit <br />handsomely from this division. That's as far as I'll go. <br /> <br />MR. CHRISTOFFERSEN: To clarify the acreage - the Hansen <br />lot - assume that this is the Floral Drive right-of-way, <br />which is an easement (inaudible) and you split the distance <br />between Royal Lane and Floral Drive - make a dimension halfway <br />through - take this dimension times this dimension - the square <br />footage is approximately 39,600 square feet, which is slightly <br />less than three lots at 14,000 square feet per lot. That's <br />where the two lots came in. Two lots would be more than and <br />the Council would have to get a variance. <br /> <br />COUNCILMAN McALLISTER: Review for me again, Don - if <br />we were to approve this assessment the way we discussed - <br />six years for all the lots except Hansen's - ten years <br />pay-off on his - what are the disadvantages? One, you set a <br />precedent. We have other hearings tonight and we have other <br />people coming in and asking for the same thing. Two, it <br />would screw up the County some way. <br /> <br />MR. POPOVICH: It's an accounting problem - they ought <br />to be able to handle it. <br /> <br />COUNCILMAN McALLISTER: Three, the bond people aren't <br />real excited when we do something like this. What else? <br /> <br />MR. POPOVICH: Your cash flow. <br /> <br />COUNCILMAN McALLISTER: Okay, that's the other one. <br />All the other taxpayers would have to chip in. <br /> <br />COUNCILMAN HICKS: <br /> <br />(Inaudible) comes out of your pockets. <br /> <br />COUNCILMAN McALLISTER: Well where does it come from? <br /> <br />COUNCILMAN HICKS: Temporary financing. We ultimately <br />get the money - we just have to carry it for a while. It's <br />a question of whether we have enough reserves to do it. <br /> <br />. <br /> <br />-10- <br />