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was so2d or they passed away, The City would not lose the <br />interest but it would accumulate and be availabie at the time of <br />sale, <br />• t9R. POPOVICH: Say it's a$10,000 assessment with some old <br />folks that can°t afford to pay it, There's an 8� carrying <br />charge. Somebody has to pay that debto so that means that adds <br />more to your general taxes, Ten years later when the property <br />is sold, then you would collect all of the $10,000 principal <br />plus all the interest and you would have to reimburse your <br />general fund or wherever you got the money to make up that dif- <br />. ference. <br />COUNCILMAN CRICHTON: On the subject of assessing, I <br />realize we won't settle that tonight, but we have some suggested <br />approaches for i� and I'd like to ask the engineer how he <br />arrived at the ratio or proportion of things between - on the <br />one handp residential and commercial and front footage and <br />acreage. <br />i�lR. CHRISTOFFERSEN: By our resolution that was set by the <br />Council earlier. <br />COUNCILMAN CRICHTpN: The acreaqe does not go up on the <br />(inaudible). <br />N1R> CHRISTOFFERSEN� This is all by previous Council actiona <br />\J <br />COUNCILMAN CRICHTON: It was mentioned earlier this might <br />be a very bad time to get a bid for a large water construction <br />project. Do you have any comment? <br />f-9R, CHRISTOFFERSEI4c Right now would be a bad time, I do <br />think it will improve somewhat in September, or maybe in <br />August because this is the type of project that can go on <br />through December, I think this may be an excellent project to <br />give to a contractor who's looking for some work in the winter <br />time, <br />COUNCILb+JAN CRICHTONe In general, with the possible excep- <br />tion of that brown line, as the engineer has pointed out, thi-s <br />kind of thing seems appropriate with what we have to end up <br />with some day whether the year 2000 or 1978, I think - how <br />soon do we do what portion of it - not whether or not. It has <br />to get done eventually. <br />t�IAYOR CREPEAU: Any other questions from the Council? <br />COWiCILMAN W�DBURN: P1r. Popovich, some years ago Arden <br />Hills received some type of United States government aid on a <br />water system, I believe. It's probably 15 years ago, and the <br />basis was the arsenal. 6de were (inaudible) because of the <br />arsenal, Is anything like that available now? <br />24 <br />