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<br />9 <br /> <br />that a Council has to make for the people because of either their <br />greater wisdom or because it deals with Police power or health. <br />This is not the kind of thing where people wouldn't do the right <br />thing for themselves and the Council has to step in and do its <br />best for everybody. My own (inaudible) is on the financial aspect <br />and I asked this afternoon what the experience has been on <br />maintenance cost - if I remember about 80 miles of this kind of <br />street that was quoted here three or four years ago and a city- <br />wide project was suggested. No figures were forthcoming. I don't <br />know, Mr. Honchell,if anybody did dig up some maintenance costs. <br /> <br />MR. HONCHELL: There are no specific maintenance costs avail- <br />able. The budget is approaching double what it was in the early <br />seventies. <br /> <br />MR. PARSONS: Were the maintenance figures at that time <br />related to the miles of road, and considering the cost at that <br />time, and although everything has gone up, perhaps the ratio has <br />been the same that the situation was then, that if you constructed <br />the project, took the cost of it which was about $21 million, <br />and took it - <br /> <br />r1AYOR DEMOS: $19 million. <br /> <br />MR. PARSONS: All right, $19 million, and if you took the <br />interest on that, the interest would vasly exceed what our <br />maintenance costs were, so financially it could never be worth it <br />to retire the principal. It couldn't even pay the interest on the <br />project and I think it's true today even though we don't have the <br />exact figures. I think that concludes my remarks, and I hope the <br />Council will have courage in this matter. <br /> <br />~~YOR DEMOS: I would like to make a point that we are not <br />sitting here of our own volition. Not one of us instituted one <br />of these projects. I hope I make that very plain. Everyone came <br />as ~le result of a citizen request. We said after the failure in <br />1976, and I'm still proud that I voted for that project, very <br />proud because of what's happening in the situation of maintenance, <br />that we would not institute one street improvement program, so <br />not one person here has instigated one bit of this. Every bit <br />of it has come as a result of someone either in the audience or <br />living in a neighborhood who brought in a petition. They must go <br />out with the petition and they must get the signers. We do none <br />of it. So please don't come to the microphone and act as if we're <br />trying to hammer something down your throats, because we're not. <br />Someone here, or like I said, concerned about each project <br />individually requested this, along with a number of petitions. <br /> <br />Is there anyone else who wishes to speak for or against? <br /> <br />MR. JIM RUDIE, 2800 North Oxford: In regard to the comments <br />you just made about your own or someone's request, I hope you <br />would honor ours that I am one of the people that signed the <br />petition not to have the street built as it is. I have been told, <br />