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the eight inch system further south along Lexington, crossing Lexington to the east side where it would hook into an eight inch line being constructed now jointly by Paster Enterprises and the elderly high-rise constructed on the Johnson property. A portion of the Paster property on the west side of Lexington and the Minnesota Federal Savings institution has been assessed for the previous watermain and would not be assessed in this project. MR. PETERSON: This involves a tract of land that has already been developed, and some tracts that are undeveloped. There is a total published cost of $52,815. There are 716.89 assessable feet and in order to work this out - the Standard Oil property that's already developed, in conformance with your past practice, would be assessed at $8.50 per foot, and the other two undeveloped properties would be assessed at 100% of the total cost which works out to be $57.63 for a total of 616.89 feet, and this would be the Margolis property and the Paster property. This would be payable over a 20 year period with the 8% on the deferred charges. And, of course, everybody would have the right to prepay within the first 30 days after the assessment roll is adopted. MR. ANDRE: We have no written communications. MAYOR DEMOS: I will ask that everyone who wishes to speak come to the mike, give your name and address, and speak pro or con. MR. IRV MARGOLIS: I represent the owners of the property on Lexington and Larpenteur on the northwest corner. I can't see where this watermain would benefit us any way. We're al- ready hooked up to the St. Paul water system, and for our sprinkler system we're hooked on to the Roseville system, so we derive no benefits from this. Yet, we would be taxed for it, so on the basis of that we are not in favor of this project. MAYOR DEMOS: When we come through with an improvement of this sort, it's to serve the property, not necessarily the current owner or the current use. There could be, in 15 years, someone come in and decide to redevelop that. You might decide, and it might be more feasible to connect for some reason or another if you develop what you have - the parking lot there into a building of some sort - and serve it from Roseville.