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MAYOR WOODBURN: When will that be determined? At the assessment hearing. . MR. POPOVICH: The idea is that after'the project is all in, then you have a firm idea of what the total costs are. Right now these are just projections. At that time a preliminary assessment roll is prepared and the people will all get notices for another hearing. At that time we would know exactly what would be assessed. The engineer would have to get all of these things together as to what those costs are and then assess your lot. MR. EIBENSTEINER: I must admit, you shocked me this evening when you mentioned it, when you took the total cost and divided it by 18 lots. In other words, I'm paying for the complete street through the park. I don't want the street and I don't want the cul-de-sac. I'd just as soon stop right at the end of my property. If the street has to go through the park completely and I have to pay for a complete street - or all of the assessments - I can't afford it. It's up to $13,000 something per lot for assessments. By that time it just be- comes unfeasible to plat the rest of the area. A couple of months ago, I was always under the impression that the Village would share, or the Park Board or somebody would share in the cost of the street. If I have to bear the whole cost by myself, I just really can't afford to go ahead with the project. COUNCILMAN McALLISTER: (Inaudible) $12,OOO. MR. EIBENSTEINER: I had figured I'd give half the cul-de- sac for park dedication and the other half would be shared (inaudible). But the total cost, putting the whole street through, runs $37,000. I can't afford that. But the thing is, when will this be decided? I don't want to put all the improve- ments in and then come to the meeting and have them say I get all the assessments. Then it's too late. . MR. POPOVICH: That's the purpose of the meeting tonight the feasibility of the project. Feasibility so far as layout, safety, and estimated costs. We're 99% within the ballpark so far as the costs are concerned. If you feel the project is not feasible - the engineer, in his report, has said it is feasible, even with those economic costs. $12,000 or $13,000 is not unusual for lots for complete utilities and streets. In fact, I've seen them $15,000, $16,000, $17,000, $20,000. That varies. That's a judgment you have to make. If you feel, knowing what you have in the land, that this on top of it makes it too much, then you ought to tell the Council - I don't think the project is feasible. This is a feasibility hearing, to be voted up or down as to whether it's feasible, considering everything - projected costs, layout, safety, everything else. Only you can make that decision. That's why the Council is holding the hearing. 15