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<br />If you have property fronting on a lake, I would say that <br />your properties could run anywhere from t\..,enty - thirty <br />to maybe $40,000 z lot. <br /> <br />MR. PEICKERT: For ~ Roseville lot? <br /> <br />COUNCILMAN GRAUEL: On Lake OW?SSO - on lake property. <br />George, what is property selling on Ow2SS0. <br /> <br />MR. REILING~ 3400 to $450 c foot. <br /> <br />FROM THE AUDIENCE: youlre taking the ultimate. <br /> <br />FROM THE AUDIENCE~ The majority of the homes are not on <br />the lake in Roseville. <br /> <br />COUNCILMAN GRAUEL~ I I d like to complete my statement <br />before 11m interrupted. I'm saying that the lots on Lake <br />Owasso - you can go there and buy a lot, as Mr. Reiling said, <br />anywhere from $300 to $400 to ~450 a foot. This is an ultimate <br />on one spectrum, but what the question ~hat youlre asking here <br />is, what are you going to get in return for a $5,150 assessment <br />against your property for sanitary sewer, water, concrete curb <br />and gutter and the rest of it, and I would S?y basically from <br />what my knowledge of some of this real estate property is <br />somewhere around $12,000 to $13,000 a lot - maybe $17.000. <br /> <br />FROM THE AUDIENCE: Try $16,000 or $17,000 in that areQ. <br /> <br />COUNCILMAN GRAUEL: This is my best estimate. <br /> <br />MAYOR DEMOS: There are no lots under $16,000. <br /> <br />COUNCILMAN CURLEY: How many of those people on Victoria <br />own the lots all the way back? <br /> <br />MR. HONCHELL~ I donlt know. There are several, but I <br />donlt know how many. <br /> <br />COUNCILMAN CURLEY~ Itls kind of important to Me. If <br />some people who own just ehe front of the lot and not the back <br />and there I s no way ~.hey can '3ubc1ivide - this is \vhat I I d like <br />to know. <br /> <br />-20- <br />