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1 <br />� <br />. MR. CHRISTOFFERSEN: This improvement includes con- <br />structing watermain along County Road E between Fernvrood and <br />Lexington Avenue, and it serves the abutting property owners <br />MAYOR CREPEAU: At this time I'll ask our fiscal consultant, <br />Mr. Popovich, to explain the financing. <br />MR. POPOVICH: This project was i00 percent petitioned for. <br />No feasibility hearinq was required. The total estimated <br />cost at that time was $23,6D0. The final cost for this <br />improvement is $29,408. <br />The improvement will be 1008 assessed. It's $13.86739 per <br />front foot and one 1-inch service at $345.00 to raise the <br />$29,408. <br />Assessments will be spread over 20 years at 88 unless <br />prepayment rights are exercised. <br />MAYOR CREPEAU: Does the Clerk have any written coimminica- <br />tions or objections? <br />MRS. MC NIESH: None, your Honor. <br />Mayor Crepeau announced that the meeting was open for the con- <br />sideration of objections, if any, to said proposed assessment. <br />All persons present were then given the opportunity to present <br />oral objections. <br />No one appeared to be heard. <br />Mayor Crepeau closed the hearing, and Councilman Hanson <br />then introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 79-45 <br />RESOLUTION ADOPTING AND CONFIRMING <br />ASSESSMENTS FOR IMPROVEMENT NO. W-78-5 <br />• BE IT RESOLVED by the City Council of the City o£ Arden <br />Hills, Minnesota, as follows: <br />1. The amount proper and necessary to be specially <br />assessed at this time £or I�provement No. W-78-5 against <br />every assessable lot, piece or parcel of land affected thereby <br />