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<br />2 <br /> <br />MR. POPOVICH: The total dollar cost is $4,513.11. It <br />will be divided among the property owners. This was not <br />included as part of the bond issue, but you're going to <br />assess, and it would be done over a one year period of time. <br /> <br />MR. HONCHELL: Five years has been our tradition. <br /> <br />MR. POPOVICH: Then it's one-fifth of the principal each <br />year. <br /> <br />There were no written 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 />Franke moved that the adoption of the proposed assessment be <br />continued to September 8, 1980 at 7:30 o'clock p. m. The <br />motion was seconded by Councilman Anderson and the following voted <br />in favor thereof: Alli and the following voted against: None. <br />The motion carried. <br />