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2 now of Lexington Avenue it's highly unlikely. In fact, we're not recommending that that piece of right-of-way ever be improved. COUNCILMAN KEHR: In the future, will it be abandoned? MR. HONCHELL: I expect it will be. There are some utilities going through here now, so while we might vacate the street, we might require easements to provide maintenance to them. But I guess any time the property owners - particularly abutting - wish to have that right-of-way vacated, at least from a staff standpoint I would be willing to process that and recommend it. MR. POPOVICH: The published cost of this improvement was $171,300. As the engineer said, it was instituted by petition. There are approximately 3,504 assessable feet. If it were lOO% assessed it would be $48.89 a foot. Based on the Council's policy of 25% being assessed, the assessment costs are $l4.22 a front foot for those benefited. As in the case of other improvements, we would not recommend an assessment period longer than 15 years because of current market conditions, and obviously the interest rate on those that would let the assessment run the 15 years would be 1% more than the rate the city would receive on the bond issue. MR. ANDRE: I have received no letters or petitions. MAYOR DEMOS: I will open the hearing to the public, ask that each person give his or her name and the address of the property to which they are referring. MR. CHARLES SHEAREN, 2748 N. Churchill: I believe that's a superfluous project at this time. If anybody wanted a street approximating Randolph or Wabasha or West Seventh I think that's where they would be and as far as the condition of the pavement (inaudible) and at this time I feel it's something we don't need and I vote against it. MR. GEORGE KOREN, 2832 North Churchill: My wife took the petition around to the other neighbors so we worked as a team. She did the leg-work and I do the talking. That's here, not at home. Of course we're for this project. We think the street needs improving. I can't see this business of patching it every year and the whole business of re-coating it and it never is right. It will cost us money, but it won't get cheaper in the future. It would have been a lot cheaper in 1976 and I voted with Mayor Demos in 1976 to have it done but we didn't get it at that time. I hope we get it this time. MR. HARRY JENTZEN, 2824 North Churchill: I'm in favor of improving the road project. MAYOR DEMOS: Anyone else? Anyone else on this project? Anyone else on this project? If not, I will close the hearing. COUNCILMAN CURLEY then introduced the following resolution