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� MAYOR CREPEAUs "And if the project is finished this year � we could probably talk assessments this year." IrIIt. FLAHERTY: "Is it out of line to get some kind of indication how the people feel ot� the assessments, even though everybody understands it's not binding?" MAYOR CREPEAVa "No, I don't believe that would be out of line. There are no commitments." MR. FLAE�RTY: "Nobody is committing anything, but what we would be doing is transferring land we now own to accomplish this and sort of doing that in the blind, so to speak. That may be the way they do things outside of the normal business routine, but that's not the way you do it in business." COUNCILMAN CRICHTON: "What we have to decide ie, is it feasible for the City of Arden Aills regardless of who pays how much. Is it worth it to the city, and at the assessment hearing we try to distribute the costs in an appropriate way to what the benefit is received. I understand your cottcern as far (inaudible) on the trade of the property to accomplish this. I've kind of assumed right along that without the trade we couldn't do the development. You're picking up land where you do not have access today for some other land that you do, and presumably making a better arrangement all the way around so far as the trade is concerned. I don't understand (inaudiblej." MR. FLAHERTY:" "I want to make that point clear without offending anybody, and we're dedicating quite an amount for that ponding area which is a benefit not just to us, but to all of the people," COUNCILMAN CRiCHTON: "I'm sure that will be taken into consideration when the (inaudible),�� • MAYOR CREPEAU: "You had the worat possible picture painted for you and I'm certainly not in favor of that. I'd like (inaudible} of you gentlemen to make - not a committment - but make a atatement." COUNCILMAN CRICI3�ON: "I have already indicated some con- sideration should be given in some fashion to the fact that these is a corner involved." -11-