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<br />MR. HONCHELL: There are thirty feet from the middle of the <br />road to your ownership line. <br /> <br />MR. JAMES FOLEY: Thirty feet from the middle of the road to <br />where I start to own the property. <br /> <br />MAYOR DEMOS: That's right. <br /> <br />MR. JAMES FOLEY: My God, I thought I was a land baron <br />(inaudible) . <br /> <br />MAYOR DEMOS: That's one of the things we haven't said - <br />all of these trees are sitting on City property. <br /> <br />MR. JAMES FOLEY: But may I ask - when they decide how much <br />I pay in taxes - is it the whole lot? It's not the square <br />footage. <br /> <br />MAYOR DEMOS: Plus your house. <br /> <br />MR. JAMES FOLEY: But it's only the frontage, not square <br />feet. <br /> <br />MR. HONCHELL: Are you talking about taxes or the assessment <br />of this project? <br /> <br />MR. JAMES FOLEY: I'm talking about taxes that I pay every <br />year. My property taxes, based on the amount of square footage <br />of the lot that my house sits on, or by the frontage. <br /> <br />MR. ANDRE: Your property is probably taxed more equal to <br />what a similar lot sells for in the area. <br /> <br />MR. JAMES FOLEY: And that's square footage? <br /> <br />MR. ANDRE: It breaks down in the end to a square footage <br />price. They pick the assessed value, the market value, as to <br />what properties are selling for in the area. <br /> <br />MR. JAMES FOLEY: Would you say - let's say my lot is 120 <br />feet wide at that point. <br /> <br />MAYOR DEMOS: Your lot is 125 feet. I know that. My <br />relative was the first owner. <br /> <br />MR. HONCHELL: According to this it's 100 by 120. 100 feet <br />on Merrill, 120 feet on Woodhill. <br /> <br />MAYOR DEMOS: I thought that was 125 feet. It used to be <br />30 feet from the (inaudible). <br /> <br />MR. JAMES FOLEY: I guess my question is - if I pay taxes <br />on the whole thing, the 100 by 120 feet, and now you're going to <br />take 3 1/2 feet by 120 - I don't pay taxes on that part either? <br /> <br />MR. ANDRE: No. <br /> <br />9 <br />