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,co::: r......... \;.~:::::. .,.,-:;.'- (, and that's really the only assessment that we're talking about on this particular project. l>m. POPOVICH: Mayor and members of the Council, the total published cost of this project was $289,277.55. The street, curb and gutter portion was $288,134.9l. That's the portion Mr. Honchell was talking about that would not be assessed at all. The remaining portion is $1,142.64, which is ~omposed of $496.80 for the sanitary sewer and $645.84 for the water. That's the one parcel he mentioned at the end. Since this wouldn't be involved in a bond issue, it's not necessary for us to worry about the financing from that point of view because it would be paid for out of M.S.A. funds. As to the sanitary sewer and water service, one thing you ought to consider and perhaps get some input on from the owner involved, is how long a period of time you want to spread this $1,142.64 over. The administrative cost on this small of an assessment - both on the County side as well as our side - would eat it up if you spread it out over a 20 year period. If you were to pay it up in full, then you wouldn't have to have an assessment roll at all, so there would be some advantage in him indicating whether he would pay in full or whether we could have a short assessment period of one or two years. MAYOR DEMOS: Should that indication be made at this hearing or at the assessment hearing? MR. POPOVICH: That would be done at the assessment hearing, but in case he or she is here tonight, they may wish to indicate one way or the other because we ,should have some information so that when we prepare the notice for the assessment - because normally you put the time period in the notice right at that time, before the hearing - so we should know before we actually schedule the assessment hearing. MAYOR DEMOS: Are there any written statements? MR. NORTH: We have a letter from Chris Christea, 1211 Oakcrest, indicating her support and that she favors the improve- ment of Oakcrest Avenue, and also a letter from Clarence Richter, 2550 Harnline Avenue, who owns the property for which the utility services are being proposed, indicating that he also favors and supports the project. MAYOR DEMOS: At this time I will open the hearing to the public and ask that each speaker come to the microphone and give his or her name and the address of the property to which you're referring. This is the hearing for Oakcrest Avenue. If no one wishes to speak, I will close the hearing. COUNCILMAN CURLEY then introduced the following resolution and moved its adoption: 7