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in County Road B from just opposite Herschel Street to a point just beyond the entryway to the school parking lot - elementary school. This opening would provide for a left turn stacking for the east bound traffic which would come this way, move in, and be allowed to take a left, or the west bound which would enter the same general area and turn back into the school yard. Left turns would be permitted out of both of these facilities. This project is proposed to be assessed to the abutting property owners. That completes this portion. MAYOR DEMOS: Would the fiscal agent present a summary of the financing. MR. POPOVICH: The published costs are estimated as $10,950.00. It's proposed that it be IOO% assessed against the property owners. In talking it over with the Finance Department it was suggested tbat perhaps what we ought to do is assess on a unit basis charge according to the benefits of the respective property owners, so rather than have front footage formulas, we looked at it as to what the benefit would be. It's our suggestion that the school on the south side of County Road B be assessed 50% of the cost, or $5,475.00. Allied stores on the northwest corner assessed 25% of the cost, or $2,737.50. Rosedale Towers, the office building, 12 l/2% which would be $1,368.75, and Darrell Farr, the owners of the property between the office building and County Road B would be 12 1/2% for $1 ,.36:8.lt:1.S _ As has been our past practice, obviously this is a feasi- bility hearing and these costs may (inaudible) determined by the costs themselves, but some projection of costs should be given. After the costs have been approved and the assessment hearing held, the property owners would have 30 days in which to pay the assessment in full with no interest charge. Other- wise it would be assessed and collected with real estate taxes the following year after the assessments are spread, with 8% interest on the unpaid balance. Property owners would have the opportunity of paying anytime during the 20 year period if they didn't pay during the 30 day period following the adoption of the assessment roll. MAYOR DEMOS: Do you have any letters or communicat.ions? 2