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<br />with the paving, some pipe interconnecting back and forth. That <br />can probably almost be cut in half if the road isn't done. <br /> <br />MR. ANDRE: What is your position in terms of the project? <br />Are you opposed to it? <br /> <br />MRS. MARABELLA: I'm against it. <br /> <br />MR. ANDRE: You're against the total project? <br /> <br />MRS. MARABELLA: Yes. <br /> <br />MR. WALTER RIHM: For what it's worth, Council, we have <br />paid in excess of $68,000 in County taxes since we've owned it. <br />We're not complaining about that. We know things are escalating. <br />But I, as president of the company, it would be a cold day in <br />July when I can sit down with our board and try to explain this <br />$310,980. <br /> <br />MR. HONCHELL: I can't seem to relate those costs back to <br />ours. I assume that's with interest of (inaudible). <br /> <br />MR. RIHM: Definitely. <br /> <br />MR. HONCHELL: Ours didn't have that (inaudible). <br /> <br />MR. RIHM: We don't sell money very cheap at Midway Bank. <br />I'm a director up there. You're paying three over prime. You <br />people have at least got a fair rate that you can breathe with. <br /> <br />MR. ROD BERNEAU, on behalf of H-M Development: M-M are <br />the people who are developing the industrial piece on the back <br />parcel that Mr. Honchell referred to. This pocket of land is <br />probably the last pocket of land that is undeveloped from the <br />standpoint of not being improved, from the standpoint of not <br />having roads, sewer, water and sanitary sewer. We're kind of a <br />culprit in a way because we're coming in and we're trying to do <br />(inaudible) and the neighborhood is being affected by what we're <br />trying to do. But it seems that this piece of land somehow, <br />whether we were there first or someone else, I guess some day <br />it will be developed in its entirety, and it seems that if, for <br />example, the roads and the storm sewer that you are proposing <br />and looking for here, if we do not succeed in getting these at <br />this time, I guess it probably would create a hardship on our- <br />selves or anybody else who might develop this property. I <br />think that progress is here and someone is going to have to do <br />something to move that particular acreage ahead. We have taken <br />on this very difficult task and, knowing what we know now, I <br />don't know if we would have done it but, nevertheless, we're <br />there. We are, by the way, for the total improvement that Mr. <br />Honchell talked about. <br /> <br />MAYOR DEMOS: If this were not approved, Mr. Honchell, <br />you say that while we could proceed with the water going up the <br /> <br />11 <br />