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2 project which is just to the west. Upon receiving those bids which were somewhat lower, it was determined that the project was feasible, but because of the fact that it was higher than the engineer's original feasibility study, that another hearing was the appropriate action to take to determine if the project should still be ordered in, in accordance with the new bid. So that's the process we're at now. MR. POPOVICH: As the engineer said, this is a reconvened feasibility hearing after due publication and mailing of notice to the property owners because, even with the rebidding, the total construction costs were more than what we wanted to gamble with so far as having a viable transcript proceeding. The original cost was $23,677.75, and even after rebidding, the cost for the hearing tonight is $36,295.00. Because of that difference, which was substantial, we recommended the hearing. As it turns out, at the original feasibility hearing in 1978 we thought that the assessment rate, based on the estimates at that time, would be $5.61 a foot which would raise $5,919, or about 25% of the total cost. The balance of 75% of the cost would have been paid by general taxes and that was $17,758. In view of the costs now with fixed bids in hand, the total dollar cost if it were to be assessed 100% would be $32.25 a foot. If we stayed with the 25% spread by assessments, it's now $8.06 a front foot instead of the $5.61. That would raise $9,071 by assessments as compared to the $5,919, and general taxes would go up from $17,758 to $27,223 to arrive at the total of $36,295. Because of the increase of the projected front foot costs as well as the increase in general taxes, that's why we're holding the hearing tonight. We have the same recommendation of 20 year assessments with an 8% carrying charge, with the right of prepayment. This gives the people an opportunity to speak pro or con, and if you still wish to order the project, it can then be done, and the bids we have in hand would be the basis for awarding the construction bids, but this gives a second chance for the affected property owners to indicate how they feel. MR. ANDRE: I have no written communications. MAYOR DEMOS: I will open the hearing, and ask that each person interested in this hearing come to the microphone, state his or her name and address. MR. RICHARD WIER, 3077 Lydia Court: I'm one of the people who originally voted for the street project, and I talked with several of the neighbors. We're disappointed in the increase of price. We recognize though that it still must be done. We have talked with several of the neighbors, and I have a petition reaffirming our initial request for the permanent street and gutter