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<br />COUNCILMAN GRAUEL: The only way I could see it benefit you <br />is if you and your entire project burned out, and you had to come <br />to the city and the city would say we want to serve your new <br />building or supply your new building with water. <br /> <br />MR. MARGOLIS: We probably wouldn't object to it then. <br />Another consideration we aren't in favor of is tearing up <br />Lexington Avenue which causes a traffic disturbance. <br /> <br />MR. KRAMER: We propose to bore that under Lexington and <br />not disturb the traffic at all. <br /> <br />MR. MARGOLIS: We just want to go on record. <br /> <br />COUNCILMAN CURLEY: That will be on record as protesting <br />the assessment. <br /> <br />COUNCILMAN HESS: What will that do to the assessment? <br /> <br />MR. PETERSON: The Margolis property is 212 feet and the <br />Paster property is 404, but what you take off of one you have <br />to put some place else. It's still a $52,000 nut to crack. <br /> <br />MAYOR DEMOS: The only other thing would be to defer the <br />assessment. <br /> <br />MR. MARGOLIS: I think it's 364 feet. <br /> <br />MAYOR DEMOS: But a portion has been assessed, hasn't it? <br /> <br />FROM THE AUDIENCE: That's where Minnesota Federal is. <br /> <br />MR. KRAMER: That's correct. <br /> <br />FROM THE AUDIENCE: So I think we go three hundred some <br />feet to Larpenteur Avenue - 360 feet. <br /> <br />COUNCILMAN ANDERSON: Do you own the Standard Oil property? <br /> <br />FROM THE AUDIENCE: Right. <br /> <br />COUNCILMAN ANDERSON: That's just $8.50 a foot. <br /> <br />MR. PETERSON: So if that's yours, that's 100 feet so that's <br />312.89 feet. <br />