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On the assessments of $295 per lot, it will be spread over twenty years at 8%. MR. ANDRE: There are no letters. MAYOR DEMOS: I will open the hearing to the public, and ask that each speaker identify him or herself and give their address. MRS. SUSAN DE KEUSTER, 593 South Owasso: I'm one of the originators of the petition, and if any of you have been down South Owasso you will know why we're here. They may move in any day if we don't get rid of the water. We had written to the Council approximately five years ago, I believe, aSking for, at that time, for the Council to consider putting in storm sewer because the property apparently needs to have the excess water put back into the Lake OWasso area, and at that time we were a total of 3 parties, and because it's a county road, it was decided that we did not constitute a large enough population to spend the kind of money we're talking about. So most of the people that are directly affected and would benefit from this sewer involvement are here, and we would really hope that you do it right al.'lay. MAYOR DEMOS: Anyone else that wishes to be heard on the subject? TRUDY DE KEUSTER: I have the vacant lot. 565 South Owasso. I was wondering. We talked sewers and I was under the impression it would to the other but you're talking about my lot. not going all the way down? MR. HONCHELL: You own Lot 7. The low area, as I under- stand it, is between Lots 6 and 7, with that little pond, and this is where we're proposing to take the sewer to - is to the lowest area to pick the water up. The reason we don't go across to Lot lO is because we would be expending considerably more funds and when you design storm sewers you have to come up with some sort of break point as to where you build the sewers to and where you allow the water to run to that point. We will study going to the other side of Lot 7. At this point, however, it's not our recommendation, but I will be happy to talk to you further. As you recall, I said we would look at it, but most likely stay on the far side (inaudible) if water came along the roadway it would go in very small amounts. At least, this is our expectation to that point where it would be picked up by the storm sewer, but I will be happy to work with you. I think it's about the storm go from one end How come you're COUNCILMA~ FRANKE: In effect, it will drain the water off where she is now. The water will drain to that from 10, 9, 8 and 7. Does that explain it? 2