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<br />12 <br /> <br />MR. HONCHELL: Ultimately? <br />MRS. CUSHING: Yes. <br /> <br />MR. HONCHELL: Right now it works its way northerly and there's <br />an eight-inch (inaudible) <br /> <br />MRS. CUSHING: Where are you going to take it? <br /> <br />MR. HONCHELL: It comes down Brenner, comes down Wood1yn, <br />Clarmar, gets on the west side of the frontage road, enters an <br />18-inch pipe that's about where the pencil is, and goes a little <br />ways north where there's a 24 inch pipe, turns and goes west <br />across Snelling and there's a low wetland in that area that it <br />filters through, and eventually gets into Lake Johanna. <br /> <br />MR. LEONARD LUTA: Just a quick question. If this project <br />should go through, how soon will it be that it's set on to the <br />taxes? That's usually done as soon as the bonds are sold. <br /> <br />r1R. POPOVICH: If we hold our assessment hearing next fall <br />it will start in 1982. <br /> <br />MR. LUTA: In other words, if you were to sell your house - <br />I'm getting ready to sell and I want a deadline. Once it goes <br />on they have to be paid. <br /> <br />MR. POPOVICH: You can pay over a 15-year period. <br /> <br />MR. LUTA: When I sell, don't I have to pay in full? <br /> <br />MR. POPOVICH: It depends on the deal you make with the <br />buyer. <br /> <br />MR. LUTA: It's not a fixed deal? <br /> <br />MAYOR DEMOS: You can negotiate that. <br /> <br />MR. LUTA: How about the lending agencies? <br /> <br />MR. POPOVICH: It's negotiable with you. <br /> <br />MR. LUTA: It's negotiable but they have the money to <br />lend. <br /> <br />MAYOR DEMOS: If this were done in 1981 (inaudible) <br /> <br />MR. POPOVICH: If we get the work done next year so we can <br />hold the assessment hearing in the fall of 1981, then the first <br />assessment comes in 1982. Normally we don't hold the assessment <br />hearing until the work is done. If it isn't done we might hold <br />it over to 1982 for collection in 1983. Then we have to borrow <br />one more year of interest in the bond issue to get over that. <br /> <br />MR. LUTA: At the very earliest, if it happens in 1981, will <br />that come on the 1981 taxes, due in 1982? <br />