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and then into one of the ponds that exist. Once again we would be attempting to have this done in conjunction with the roadway work whereby the elevation would be established to provide for additional ponding. We want to carefully control how much water goes into this and it's a small area. This work would be done in conjunction with the past storm drain (inaudible) if it's improved, namely, combined with storm project 76-8 to be a com- bined project and would all be let under one contract and done at one time. It would also be a means of getting the county1s participation in the roadways. MAYOR DEMOS: Mr. Popovich, will you present your summary. MR. POPOVICH: The total cost of this addition, if it goes ahead, is $25,440. As you know, it's a storm sewer so the same things I said about storm sewer assessments and the consideration for change would apply here. Obviously the most feasible thing would be to merge it with the 76-8 improvement so that they both can be done together in order to accomplish a combined and con- solidated improvement. We would recommend this be spread over 20 years with the 8% carrying charge on the unpaid balance and one-twentieth of the principal being paid each year. MAYOR DEMOS: Do we have any letters. MR. ANDRE: We have none. MAYOR DEMOS: I will now open the hearing to the public. Any people who wish to be heard. MR. RICHARD GA~LFUS, Manager of Rentco Division of Fruehauf Corporation, 2700 North Cleveland: Did you say what the cost would be? MR. POPOVICH: It1s that $250 per lot we talked about earlier on residential, $500 on commercial and $l,600 on commer- cial acreage. MR. GAILFUS: We're listed as a separate lot. Is that $500 a lot? MR. HONCHELL: It depends on the size. If it's what's thought of as a city parcel, usually 80 to 100 to 150 feet, 2