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pavement, would be to construct some catch basins and, of course, the curb and gutter and catch basins near the Snelling Avenue area (inaudible) where it would then go into the state drainage basin. There are catch basins, but not at the right elevations to accommodate the roadway - take up the old road and put in a new road. MAYOR DEMOS: Mr. popovich, would you care to present a summary. MR. POPOVICH: Mayor and members of the Council, the estimated cost of the project is $58,246, and when we pub- lished the legal notice, we published at $58,746. A typographi- cal error made it more, but I wish to point it out in this case because it was pbb1ished at more, which is immaterial, because the Council has a right to exceed the published cost by 25% by virtue of the statate. The $58,246 estimated to be the cost - it is proposed that based on assessable footage of 1,978 feet, that only $7.36 a front foot be assessed against the property because this is up-grading existing street work - and the balance would be collected by general taxes spread throughout the village. That would result in $l4,558 being divided into the 9' lots. The general taxes would be $43,688 because of general benefit to the city as a whole. It is proposed that this be assessed over 20 years of time and, as usual, after the assessment hearing is held, the property owners can either prepay in full within 30 days after the assessment hearing, or other- wise it's our recommendation that it be spread with an 8% carrying charge on the assessment with the right to prepay at any time during that 20 year period of time. Unless there are any questions, that's it. MAYOR DEMOS: I would like to have the Manager read a statement from citizens in regard to this project. MR. ANDRE: We have received a petition signed by l3 of the 24 property owners opposing the improvement. Of thOse 13, 8 of those had initially signed the petition requesting the project. 2