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MR. POPOVICH: Mayor and members of the Council, the total published cost of this improvement is $201,850.00. There appears to be 3,643.1 assessable feet. If we divide that cost by the assessable footage, and if we were to make it 100% assessed, it would be $55.41. The recommendation of the staff is that we follow our past practice and assess only 25% of the cost and that would be $13.85, if this improvement was to go in by itself. If a number of these improvements were consolidated, then in a consolidated situation you may want to average out the costs over the entire improvement. So there could be a small variation. Assuming that the work is done this year, the assessment hearing held this fall, it's recommended that the bond issue that we would sell would be out not longer than 15 years. This improve- ment, together with others, would probably be put together into a bond issue for sale later this year. Under the statute, we can €harge 8% on the assessments that are not fully prepaid, or 1% over what we get on the bond issue. Right now, IS year bonds are going for about IO%. If we were to do that, and the Council would have to make that decision at the time of the assessment hearing, we could charge as high as ll% for carrying the assess- ments over the period of time that the Council determines. MAYOR DEMOS: Mr. Andre, are there any written statements? MR. ANDRE: There are no communications at this time. MR. HONCHELL: Mayor, if I might, just as a follow-up to Mr. Popovich's presentation on costs - to keep in focus, I guess, where we are in the way of costs - these particular cost esti- mates were prepared in the same manner that they were done, and the same unit prices and same costs per foot, that were used in the other feasibility studies that were done earlier this year for the City - several other projects. As an example, most of you in the area are familiar with Rose Place and Irene, which is at the northern end. That was another job that was petitioned for earlier this year. In those particular jobs, we used the same unit prices that we're using with this. Due to the good fortune, I guess, of the bidding condition right now, we were able to award those contracts at 25% to 30% less than what these unit prices are listed at. We didn't change and lower that because no one really knows what's going to happen in the next set of bids, but at least that is prevailing in bid prices at this time - in the last ones we've taken, as recently as a month ago. So I just wanted you to at least keep that in mind, because you may have been talking to some of your neighbors on this job - for instance, Rose place and Irene, or later, if we get over near the Griggs area, where we took similar bids - you may wonder why these particular prices seem to be a little higher than what you may have been discussing with your neighbors and what it appears we'll be able to build their streets for. So just to reiterate, these are the same unit prices we used in those other feasibility studies of last winter, although we were fortunate enough to get bids that were 25% to 30% less recently this spring. Thank you. V~YOR DEMOS: At this time I will open the hearing on Cohansey Street, from B to County Road C, and ask that each and 3