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<br />Obviously, the work would go in this year, and cssuming <br />that the assessmen'c would be spread t.his fall and the work <br />completed this fall, or unless it moved into 1978, the assess- <br />ment hearing would be held in the fall of the year, and the first <br />principcl and interest charges would be commenced in either <br />1978 or 1979, dependent on how fast construction c~uld proceed. <br />At any time during that period. of course, the people would <br />have a right to prepay. They have 30 days right after the <br />assessment hearing to prepay in full and save the interest <br />charges, and at any time during the 20 year period, if they <br />didn't do it, to pay to the end of the year in which they <br />prepaid, and save the remaining years of the assessment if <br />they decided to do that. <br /> <br />MAYOR DEMOS: Do we have any letters? <br /> <br />MR. ANDRE: I have not received any letters from any of <br />the affecred parties. <br /> <br />MAYOR DEMOS: Before I open this hearing, I wonder if <br />the Council has any questions of Mr. Honchell. Any questions? <br />I have a couple. Mr. Honchell. on those corner lots, since <br />there were mains going down through some of t-he streets, did <br />any of the corner lots connect to the side. or all connect <br />from Victoria and Owasso Boulevard. <br /> <br />MR. HONCHELL: You're talking water, or sewer, or both? <br /> <br />MA~OR DEMOS: I think it's 945 up there, or 3070. <br /> <br />MR. HONCHELL: At 945, as an example, and 3070, there <br />are no improvements along Brenner at that particular 'juncture, <br />so they would have to connect off Victoria. On 'the other <br />hand, down at the other (inaudible) of Brenner at 30l5, I <br />believe it is, end 2995, it was possible that- they might have <br />connected on to that sewer that came down Brenner. I don't <br />believe they did, but they had the option. Water was not <br />available, however. There is no interior water. They would <br />have to connect to the water out to West Owasso Boulevard. <br /> <br />MAYOR DEMOS: On t.hat storm sewer area that you had - some <br />of those lots appeClr to be half in and half out. At what point <br />do they become liable for a storm sewer assessment? <br /> <br />-7.. <br />