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between the street and the abutting lots. It includes concrete curb and gutter, aggregate base and bituminous paving from Floral Drive, along Royal Lane, and also on Norma Avenue. The two potential private lots are in this area right here, some- what adjacent to Floral Park on the south side of Royal Lane. . MAYOR WOODBURN: Mr. Popovich, would you explain the financing possibilities. MR. POPOVICH: The total cost is $205,414.00. At the feasibility hearing, it was estimated at $247,lOO.00. It is proposed to be 100% assessed. The sanitary sewer trunk would be $1,065.63 per unit; the sanitary sewer service, $275.78 per unit; the water trunk-, $l,736.34 per unit; water service, $264.09 per unit. The street and drainage portion would be $8,329.99 for the Royal Hills lots and $5,990.40 for Mr. Hansen's lots. The difference there was done by agreement because the developer is paying for the portion of the street through Floral Park. It's proposed to be assessed over a six year period. ~nis was included in thel982 bond issue and the interest rate, as I said before, was 9.01%, so our recommenda- tion would be that this also be assessed at 10% for the carrying charge if it isn't prepaid during the 30 day period or prior to the normal installments. MAYOR WOODBURN: Mrs. McNiesh, are there any written communications? . MRS. McNIESH: Yes, your Honor, I have one letter from Mr. and Mrs. R. G. Hansen, l465 Floral Drive. We, Robert G. and Evelyn V. Hansen, object to the proposed assessment against our property for the following reasons, and will appreciate your consideration of relief. (I) We have lived in our home at this address for over 23 years and records will reveal that at no time have we applied for permits to plat or develop or sell any part of our property. (2) We do not now desire to so develop our property, feeling that in its native wild state it's perfect. (3) The addition of street, water, sewer, curb and gutter runs completely counter to our wishes because we don't need them now and, more important, we won't use them. (4) We are currently paying appropriate assessments and charges for similar items for Floral Drive in front of our property and do feel that to be charged for the back portion is redundant. (5) Our utiliza- tion of our land is for personal dwelling and use. It is not providing us with income or profit, therefore we don't feel that we should incur tremendous extra costs to continue living our normal lives. (6) The proposed assessment would seriously affect our personal financial position because, among other reasons, my retirement age is less than four years away. Should the assessments be levied, we might be forced to sellout and move, which is certainly not appealing to us in view of the fact that we have greatly enjoyed being a part of the community of Arden Hills for so many years. -2-