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the county incurred. One facet that, when you get to the com- munications you'll talk about, the railroad owns some property that goes over to Cleveland Avenue. In the section map that we use to provide acreage, Ramsey County's map did not indicate that there was a street easement across this particular parcel of railroad ownership. Upon (inaudible) we found that indeed that easement is on record at Ramsey County, so when you finally get to it, our recommendation would be similar to that in the Reiling parcel we talked about over on Lexington Avenue. Namely, you can levy it, defer it until such time it would not be a street, it might be a hundred years from now, it might be never - but we don't think it's appropriate, because it is being used for public facilities, that they would have to pay an assessment for that. COUNCILMAN KEHR asked Mr. Honchell a question regarding the assessment policy. MR. HONCHELL: (Changed Tape) . . . this has had more than one because of the long delay period the County had in acquiring right-of-way. The last hearing we made reference to the fact that as industrial parcels in an acreage situation, typically our. policy would be followed. Our policy, as Mr. Popovich read a few minutes ago, is to assess commercial industrial parcels ':$1,990 an acre. I don't remember just what they do come out to per acre this time, but various parcels have credits applied to reduce them. In addition, we reduced them further in a prorated manner - all the parcels involved - because of the fact that we did not want to be charging them more than we simply had to to cover our expenses from Ramsey County. MR. POPOVICH: The total cost of this project is $197,467.20. Of this total amount, $40,546.85 will be paid by City funds or City taxes, and $156,920.39 will be picked up by the special assessments that Mr. Honchell has been referring. to. Those assessments are broken down as follows: For street, curb and gutter, the part that we have to pick up that Ramsey County requires us to, it's $6.17 per foot; the watermain is $8.50 per foot; water service of one inch size is $299.83 for each service; if it's six and eight inch water service, it's $2,164.43 each. The sanitary sewer portion is $8.20 per foot and the storm sewer starts at $1,990 per acre. Credits are allowed for that, as Mr. Honchell said. There is also credit applied to the water assessment that I just mentioned, if they've been assessed for water assessments before. This, too, was included in the issue we sold last year. Therefore, we're recommending that the carrying charge be 8.63%, 1% more than what we received on our bonds. It is proposed that this be spread over 15 years , with the right to prepay as well. Two letters were received - one from Mr. Donald Sime, 2581 Cleveland, objecting to the assessment because the project does not improve his property. The second letter was from the Burlington Northern Railroad, which read as follows: 4