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<br />new b. Coming on through that intersection with Long Lake Road <br />it would narrow down to the 52 foot road (inaudible) and tie <br />into the ramp (inaudible) 35W here and would narrow down to <br />the existing bridge over 35W and on the other side of 35W coming <br />off the bridger widen off for a lef~ turn provision for the <br />north turn ramp and the 52 foot section over to Cleveland to <br />complete the ~roject. I have some detailed slides concerning <br />the relationship of these proposed curbs to the existing prop- <br />erty out there - existing development - but- I think for the time <br />being I will let it go at this and see if there are any ques- <br />tions before I confuse anyone. Thank you. <br /> <br />MAYOR DEMOS: Would the bond consultant present a summary. <br /> <br />MR. POPOVICH: While the published cost of this improvement <br />was $563,636.00, as we said, the county will be paying the major <br />portion of building of the road, and 75% of the curb and gutter <br />portion which the city is asked to contribute is $14,286.00 of <br />this over half a million dollar project. It is proposed that <br />the $14,286.00 will be 100% assessed against the benefited <br />property. As Mr. Leonard said, it would be $3.00 a front foot <br />on residential which will raise $2,797.50. On the industrial, <br />commercial and mult.iple dwelling that would be nearly double <br />at $5.94 a foot for a total of $11/4b8.50. Add t.hose together <br />and it would be $l4,2t6.00. The same principle applies as to <br />prepayments of assessments. If no prepayments, then the as- <br />sessments would be spread with the real estate taxes in the <br />year following the assessment hearing, and an 8% carrying charge <br />is recommended. <br /> <br />MAYOR DEMOS: Any written statements? <br /> <br />MR. ANDRE: No written statements. <br /> <br />MAYOR DEMOS: Any quest.ions? <br /> <br />MR. ROBERT THOMPSON, 3037 N. Cleveland: I have a question - <br />I'm not too concerned about the west part of this, but I am the <br />east part because this ties into possible other improvementsr <br />which are 76-8 and 76-9 where it meets Cleveland Avenue - this <br />particular thing, if it's approved, the grade there will have <br />to be lowered. If this is lowered at that point coming from <br />the west and the other is not okayed or assessed, we will have <br /> <br />4 <br />