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5 of the legislature, the market conditions at that time, and obviously the Council, when it receives its construction bids and knows what the financing is, can drop the project because at that point the feasibility from a financing point may be affected. We still have to determine tonight how the people feel about the improvement without knowing whether we will spread the assessments over 15 or 20 years and what the assessment charge will be. MR. ANDRE: We have no written communications. MAYOR DEMOS: This is the Oakcrest project and I will open the public hearing and ask that each speaker come to the microphone, identify him or herself, and give the street address of the property to which you're referring. MRS. RUTH PETERSON, 2543 Western: My husband and I live on the corner of Western and Oakcrest. Last summer two Oakcrest residents approached us with the petition. We asked them why, because we knew the road was in good condition. They wanted a curb and gutter and the only way they could get that was by putting in a new street, so we refused to sign it. They got other signatures throughout the neighborhood. We wondered why they wanted to destroy a good street - because it was good - and if you have driven down Oakcrest you know it's in good condition. I want to give you a little history of that corner. In 1955 my husband and I bought the two acres from Western Avenue down to Cohansey and it was all in rolling terrain, and Oakcrest - what was there - was level. The back of our two acres was almost as high as Western Avenue, if you can get the picture now how it has been dropped. Around 1960, or shortly after, Don Roberts bought the property and from there on it was sold to BanCon. Mr. Glasrud is an attorney and he was the head of the BanCon Corporation. We knew we couldn't fight him. We didn't have the funds so we were almost required to sell our property to him, and then the road was put in, and you know the drop it has there now. We were put on a high hill. The hill measures between seven and eight feet at the highest point. We were put 10 feet from the road plus a little boulevard, and I know if you'd see the map you'd see where our house is situated. I dare say there's not a house in Roseville that's lO feet off the roadway. Last year we were up-graded on Western, and dropped two more feet. That means the 35 feet from our house down to Western has been dropped so that the trailer hitch on the back of our car hits the street every time we hit (inaudible). I have been with my husband to see Mr. Honchell and he's working out the problem, but we still have lost our two feet of dirt. We have a strong feeling we do not need that road. It's in such good condition. Last year we had a house built next door. The contractor said the road was in such condition he had a hard time breaking through