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MR. POPOVICH: No, we haven't. MAYOR WOODBURN: Developers are something else - they're selling off their lots and they want to get out of there in a few years. How does the Council want to proceed? ~ COUNCILMAN MULCAHY: I'm inclined to the view that ten .., ~~..a, rEli;l~onaI;>1,e"i;lccQmm9di;lt.ion." T 'nt~~qlpressed bv ."~-~ f.ne~j!!act tlfat:Han~eri"15ei'ie-~"""attjtrStlU","b;, It''yo~'' ,r." ;'1ft",,, will, that you mentioned a moment ago - the paving exemption and the consideration that he has only two lots. I'm per- suaded that in combination those are sufficient accommodations for the assessment decision. I also believe that when that property comes in here for development that we'll be asked to divide it into three lots. (Inaudible) that will mean that somebody - whether it's Hansen or a purchaser - will benefit handsomely from this division. That's as far as I'll go. -~-....,~...,,,, MR. CHRISTOFFERSEN: To clarify the acreage - the Hansen lot - assume that this is the Floral Drive right-of-way, which is an easement (inaudible) and you split the distance between Royal Lane and Floral Drive - make a dimension halfway through - take this dimension times this dimension - the square footage is approximately 39,600 square feet, which is slightly less than three lots at l4,000 square feet per lot. That's where the two lots came in. Two lots would be more than and the Council would have to get a variance. COUNCILMAN McALLISTER: Review for me again, Don - if we were to approve this assessment the way we discussed - six years for all the lots except Hansen's - ten years pay-off on his - what are the disadvantages? One, you set a precedent. We have other hearings tonight and we have other people coming in and asking for the same thing. Two, it would screw up the County some way. MR. POPOVICH: It's an accounting problem - they ought to be able to handle it. COUNCILMAN McALLISTER: Three, the bond people aren't real excited when we do something like this. What else? MR. POPOVICH: Your cash flow. COUNCILMAN McALLISTER: Okay, that's the other one. All the other taxpayers would have to chip in. COUNCILMAN HICKS: (Inaudible) comes out of your pockets. . COUNCILMAN McALLISTER: Well where does it come from? COUNCILMAN HICKS: Temporary financing. We ultimately get the money - we just have to carry it for a while. It's a question of whether we have enough reserves to do it. -10-