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CCP 09-11-2006
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CCP 09-11-2006
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5/8/2007 1:21:24 PM
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11/15/2006 10:09:27 AM
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<br />Page 1 of 1 <br /> <br />Kristine Giga <br /> <br />From: Wayne Henquinet [whenquinet@newmech.coml <br />Sent: Wednesday, September 06,20067:45 AM <br />To: Kristine Giga <br />Subject: Assessment <br /> <br />I do not believe it is right or smart to have to pay for the road improvement or any capital improvement before the <br />work is complete. That is why home owners get in trouble with contractors who do not complete the job: they paid <br />the contractor before the work was complete. I assume the city is not paying the contractor before the work is <br />done and tested. I expect you will not be paying the contractor until 30 days after the job is commissioned. I <br />would expect that to be in December or January, we therefore should also not have to pay the city before the <br />work is completed and tested and accepted by the city. Also, the option of paying it over time is not really an <br />option when you are charging 2% over prime. With prime at about 7.33% we would have to pay 9.33% or higher <br />when real estate loans are about 6%. We are not being treated fair. <br /> <br />917/2006 <br /> <br />. <br /> <br />~ <br /> <br />~ <br />
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