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2 on Old Highway 10, crosszng new 10 and Snelling Avenue, a connection being made between this point and that, plus an • extension through McCZung Drive over to Hamline. It a3.so includes a small portion of watermain on 13th Street Northeast. The assessments were based on a front footage basis and also an area basis. If the property is £ronting - I will use this as an example - if it's fronting on a watermain,it 5vas assessed on a front foot basis on th� front with a 200 foot setback. That daes not have an area assessment, and heyond that there was an area assessment applied. On a corner lot a front foot basis was applied, plus ].5 feet around the corner and 185 feet was not assessed, and then if it continued, a front foot assessment wou2d apply. MAYOR CREPEAU: S nOw ask our Peter Popovich, to briefly explain the area assessment. fiscal consultant, Mr. the financiag, ss well ag MR. POPOVICH: The total cost of thsse two combined improve- ments totals $679,834. Based on a 100 percent assessment of this cost against the benefited property raithin the•area v�ould mean that we would have ta raise that amount of money, and th� question is thea how much would be by front footage and how much by acreage. On a residential front footage it's $13.98 a front �oot and that will raise $299,549. Commercial frontage is $20.97 a front foot and that will raise $2Z2,349. The acreage assessment as computed as indiaated by the enqineer is $559.30 an acre for residential property, and the comt�rcial acreage is $838.95 per acre, and the total vf those two will raise $155,000. The balance of $8,280 is raised by 1 inch services oi $345 eaah, $1,227 by 6 inch services at $614 �ach and there ase two of those, and $2,130 on 8 inch services at $710 and fhere are three of those. When you add that up it will total the to tal cost. • Eormulas such as acreage charges or front foatage charges are mereZy a means to arrive at equitably apportioning out the total cost. If you were to eliminate the acreage, for ex�.mple, it would then �an that that total amount of $155,000 would hawe to be spread by increasing the front footage cost or hy some other type formula such as a unit charge or what have you. Over the years the cities have generally determined that if there is a beneEit because o£ location in the proxi.mity of the