Laserfiche WebLink
� � <br />lo <br />� <br />� <br />� <br />ordered� and ail of the people in this Improvement No. 3 hook up, <br />it just then means that you have more people connected to the <br />system so that the avezage cost would go down. As a result, it <br />would not be $36.40. For example. you have certain static costs <br />whether you have 5G connections oi 100 or 150. Supposin9 the average <br />cost is �3000 and you only have 5C connections, it means 'S0 people <br />have to pay for that �3,C0� cost. If you add 40G more connactionc <br />to it, the cost does not go up proportionately because the cost <br />does not go up in direct proportion to the number of people that <br />hook up and the service charge could be reduced, but we show it at <br />this higher figure and I am of the opinion that when everybody <br />hooks up in Improvements 1, 2 and 3, that the cost will be closer <br />to �3U, but again we wanted to give yon the worst possible picture. <br />Thon the next paragraph. "In order to determine your individual <br />total cost. multiply the front foo�age of your property by $10.00, <br />as indicated in Item 5 above and add $50.Q0 for the service stub. ' <br />Divide the total figure by 2G years to determine the yearly <br />assessment cost, and add 5% on the unpaid balance each year". ThQ <br />statute says that we can set up an assessment program over a p�riod <br />not to �xceed 3C years. The 3U year period came about two years <br />ago but none of the communities are using thirty years. Most of <br />them use twenty. I know of none using thirty and I would have no <br />idea of how that would be received in tKe bond trade and ao we are <br />following the consistent patters of twenty years and if it's 20 <br />years you divide the total assessment by 2C to get your princ3ffel <br />that would be due each year and it's 5� on the unpaid balance. You <br />can pay this up cash in advance and save the interest, or any time <br />� <br />