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consists of a 24 foot wide, 9 ton pavement plus concrete curb and gutter on each side, the necessary storm drainage facilities to carry the run off, and water services which will be put in place to serve the property on the west. It is anticipated that this work will be done in conjunction with the Minnesota state Highway Department and that they would participate both in the design construction and fiscal aspects of this project. The City portion of the roadway as we envision it, would be for the highway department to pay for all but the curb and gutter on the west side of the roadway, to pay for most of the storm drainage facilities, and for the City to pick up the other associated utility work - primarily the water services to the site. MAYOR LINEBARGER: I will ask the fiscal agent to present a summary of the finances and assessments. MR. PETER S. POPOVICH: $174,660 is the total cost, and assuming that the Council were to approve the improvement, then you would enter into a cooperative agreement with the Highway Department. They would prepare the plans and specifications, call for the bidding and everything, and when the project was done, would then advise you what your share would be. It is presently estimated that the City share would be $25,040 of the $l74,660, the difference being picked up by the State. Of the $25,040 which will, of course, be subject to the final plans as they are let, and we will have our assessment hearing later, but if it comes out at that figure, there's one property owner involved, the Slawik properties, and it's recommended that the full $25,040 be assessed against the Slawik properties on a lO~ basis. The assessment detail will work out that the street, curb and gutter will cost approximately $2l,749.l3 and the front foot assessment $13.27. The water service cost is $3,291.33 and there were two services for that at $1,645.66 apiece for that property, so the full amount would be picked up by assess- ments. We would assume that in line with our other practice, that would be spread over 20 years with an 8% carrying charge unless the Slawik people determine to pay for it in full and save the interest costs - if they paid within 30 days after the assessment hearing was held. It's not anticipated that the project will get started this year. It's a job that will be completed in 1976 and the assessment hearing will occur in September, roughly, of 1976, but in order to get the Highway Department going if you're going to go ahead with it, that's why we're holding the hearing tonight, and the staff has asked the Slawik people to have a representative here and I would recommend that we hear from him.