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The proposal does not include any assessments being levied on the state property. The fiscal agent will give you some figures in a moment. The state regulations are that we cannot impose assessments on the street. t~e have to request them to participate in any of the funding. As such, we did not antici- pate that that would pay for part of the improvement. ~ve will attempt to have them pay and we have sent them notices of these hearings but they have to agree before the payment would be received. If this improvement is approved tonight it is anticipated that it would be constructed late this construction season with the surfacing being placed in the spring of next year. ACTING ~~YOR GRAUEL: I now call on Mr. Fred Peterson to give a summary of the financial aspects of the improvement. MR. PETERSON: The total cost of the improvement is esti- mated at $52,042.20. Actually this is an estimate. This is a feasibility hearing and we do not make any particular assessments for the project until such time as the total costs are known as to what that amounts to. There are three assessments in the improvement: sanitary sewer, watermain and street. We have determined that there are 1,Ol7 front feet of assessable footage and if we would work on the basis of 100% assessment, this works out to be sanitary sewer at $9.50 per front foot. This I,Ol7 of assessable frontage does not include the portion adjacent to the state owned land at the right of way of street. The only private property is on the north side and in the Feist Cemetery on the south. It is estimated there would be a total number of nine service connections for the watermain. For the sanitary sewer the cost would be $313.07 per connection and for the watermain the assessment would be $191.33. This is based on the nine connections. The actual costs will not be determined until construction bids are let and all of the work completed. As far as the state is concerned, based on 1,017 assessable front feet, it would work out to be $27.29 a front foot. As to the feasibility of this improvement, the engineer has recommended the improvement and these are projected costs to property owners based on lOO% assessment. ACTING ~~YOR GRAUEL: That excludes the state property? MR. PETERSON: It would be better if it were brought in. ACTING MAYOR GRAUEL: There may be questions from people later on. I ask the Manager to read any statements from affected citizens. MR. ANDRE: ~le received none, either pro or con.