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. <br />z <br />� <br />MR. CHRISTOFFERSEN: This is Valentine Lake View No. 3 <br />and the ivaprovement included sanitary sewer, water, street <br />and drainage, serving four lots on Gale Cirole. <br />MAYOR CREPEAU: Our fiscal consuZtant, Mr. Popovich� will <br />explain the financing. <br />MR. POPOVICH: The feasibility report showed a total cost <br />of $27,100. Final costs are $33,738. There are four lots <br />involved. It will be 100 percent assessed. Sanitary sewer <br />will be $I,006.54 a lot. Water, $1,543.85 a lot, and streets <br />and drainage $5,884.11 a lot. <br />Assessments will be for 20 years at 8$, with the same policy <br />applying to prepayment without interest charges. <br />MAYOR CREPEAII: Does the Clerk Administrator have any <br />written questions or objections? <br />MRS. MC NIESHr None, your Honor. <br />MAYOR CREPEAU: The meeting is open for consideration of <br />any objections. Are there any? Hearing none, w� wil.l have <br />comments from the Council.. Does any Council member have a <br />comment7 <br />COUNCILMAN CRICHTON: Don, a question for you. Apparently <br />the cost was over 20� of the original estimate. 'T understand <br />there were some problems. Is that what generally eaused the over- <br />run? Was the developer aware of that? <br />MR. CIiRISTOFFERSEN: At the time the bids were awarded, the <br />owner was present and advised the Council that he wished the Council <br />to proceed. <br />Mayor Crepeau closed the hearing and Councilman Wingert <br />introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 79-44 <br />\J <br />RESOLUTION ADOPTII3G AND CONFIRMZNG <br />ASSESSMENTS FOR IMPROVEMENT NO. SS-W-P-ST-77-7 <br />BE IT RESOLVED by the City Council of the City ot Arden <br />Yills, Minnesota, as follows: <br />1. The amount proper and necessary to be specially <br />assessed at this time for Improvement No. SS-W-P-ST-77-7 against <br />every assessable lot, piece or parcel of land af£ected therehy <br />