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<br />2 <br /> <br />MR. POPOVICH: The published cost is $41,775.76. $10,443.84 <br />will be paid by special assessments, and $31,331.92 by general <br />taxes. <br /> <br />The actual front foot costs for the assessments would be <br />$37.12 if it were assessed under the normal policy, but <br />because of the 25% of the total assessment cost that the City <br />has, it will be assessed at the rate of $9.28 a front foot. <br />It's recommended to be spread over 20 years, and this improve- <br />ment was included in the last bond issue. The normal interest <br />rate would apply, with the right of prepayment. <br /> <br />There were no communications. <br /> <br />Mayor Demos announced that the meeting was open for the <br />consideration of objections, if any, to said proposed assessment. <br />All persons present were given the opportunity to present oral <br />objections. <br /> <br />No one appeared to be heard. <br /> <br />Mayor Demos declared the hearing closed, and Councilman <br />Curl~y moved that the adoption of the proposed assessment be <br />con~lnued to September 8, 1980 at 7:30 o'clock p. m. The <br />~otlon was seconded by Councilman Franke and the following voted <br />ln favo: thereo~: AlIi and the following voted against: None. <br />The motlon car ned. <br />