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assessments on side streets or side yards or corner lots at 1/IOth ratio. This is an example. Here is a particular home on the corner of Farrington & Iona. It appears that the shortest side is on Farrington. Using the example as that being 100 feet in width, it would get a 100 feet of assessment on the Farrington side. Assuming that it was 150 feet deep, it would be 1/IOth of that distance, or 15 feet assessable frontage on the Iona side. So this particular lot on my hypothetical example would have 100 plus 15, or 115 assessable feet. If you had more than 150 feet, then you would be treated as having a full frontage beyond the 150 foot depth. Also if you have an unusual shaped lot, at the moment I don't happen to see any, but as you get into some of the other areas, you might have a pie shaped lot. The City converts that into a standard lot which is rectangular and you are assessed on a normal shaped lot. In some cases that's really good if you have a very wide frontage and small back, because that makes your assessment actually less; in other cases it makes it bad, because if you have a very small frontage and a very wide backyard, you actually end up getting what you think is a very big assessment, but that is because we convert all these odd shaped lots into rectangles based on the area and size of the lot. As I said these particular projects were combined, and as we combined them they ended up with assessments of $7.93 per foot, and I am happy to point out to the Council, at least in this case, that this is less than the $ll or $12 stated at the time of the hearing. DEMOS: At this time I will call on our fiscal consultant, Mr. Deans and have him explain the financing. DEANS: Mayor and members of the Council, the total cost of this project is $235,752.41. There are 7,432.6 assessable feet. Now that would be $31.72 per foot if fully assessed. Based on the Council's policy of assessing only 25%, that would be $7.93 per foot. There will be 58,940.51 received from special assessments and $176,811.90 received from general taxes. This will be assessed over a 15 year period at an interest rate of 10.5%, with the ability to prepay without interest within 30 days of the date of adoption. As you know also, there is the possibi- lity for senior citizens and 100% disabled to apply to the Council for deferment. DEMOS: Any communications or comments from the Council? ANDRE: No. DEMOS: At this time I will open the hearing to the public, I ask that you come to the microphone, give your name and address. Owner of 2771 No. Farrington: I live on the corner of Iona and Farrington, I don't have anything against the curbing, but the sod had to be raised and the engineers had to raise it two feet and the sod has gone down 4 inches, and I talked to them about it, and they said they were going to repair it, and I'd like to ask Mr. Honchell if that's true.