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the maturity schedule would be, but we would recommend at this point, as we did with the others, that it not go beyond 15 years. In addition to that, while we have normally been charging 8% on our assessment carrying charge, the recent Legislature permits us to charge whatever the statute permits, which is 8% or 1% more than whatever we get on our bond issue. The problem is that bonds are now being sold up at 9% or more in that 10 to 15 year period. So we would have to make that determination at the time we have our assessment hearing, which normally comes, as you know, after the project is completed. ACTING MAYOR FRANKE: Are there any communications? t1R. ANDRE: The only communication we have is the addition of a name to the petition and that's Mr. Mell Kadrie, 3007 North Albert. That makes the fourth signature that Charlie spoke of. ACTING MAYOR FRANKE: I will open the hearing to the public. For those who wish to speak, will you please use the microphone, state your name and address. Nobody here who wishes to speak? Then I will close the hearing and turn it over to the Council. COUNCILMAN CURLEY then introduced the following resolution and moved its adoption: Resolution No. 7104 RESOLUTION ORDERING THE CONSTRUCTION OF IMPROVEMENT NO. P-81-2 UNDER AND PURSUANT TO MINNESOTA STATUTES, CHAPTER 429 BE IT RESOLVED by the Council of the City of Roseville, Minnesota, that in accordance with the provisions of Minnesota Statutes 1961, Chapter 429, as amended, the Council held a public hearing on the proposed construction of Improvement No. P-81-2 consisting of the installation of bituminous paving, concrete curb and gutter and necessary appurtenances on Albert Street from Lydia Avenue to Brenner Avenue, as described in the Notice of Hearing at a cost presently estimated at $41,154.30, and substantially in accordance with the prelimi- nary report as to the feasibility thereof which is now on file in the office of the City Manager; and having considered the views of all interested persons and being fully advised in the premises, the Council does hereby determine and order that said improvement shall be constructed and financed, and special assessments shall be levied therefor, pursuant to said Chapter 429, and that the area proposed to be assessed therefor shall include the property as described in the Notice of Hearing. The City Public Works Director is directed to prepare and sub- mit to the Council the final plans and specifications. The motion for the adoption of the foregoing resolution was duly seconded by Councilman Kehr, and upon roll call vote 3