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COUNCILMAN KERR: That's why I wanted that knoll cut out of there and moved up towards Victoria, since you're going to excavate there anyway for that holding pond. Then you might just as well cut that knoll out and move it up. MR. HONCHELL: Moving this little knob out toward the Victoria side is not a major cost. ~~~OR DEMOS: At this time Mr. Popovich - now this will be the storm sewer and storm drainage program only. MR. POPOVICH: Mayor and Members of the Council, this is the storm sewer portion - ST-80-30 - which is the key as to the way the other ones go. The total published cost of this improvement is $494,419.65. Of that, it's estimated that the County would pay 9.8% - roughly 10% - some $48,453.13. The balance of $445,966.52 would be picked up as part of this improvement cost. In remembering that figure, you should remember that there are $13,115.00 in that figure for that partial paving restoration on Aglen which, if the other im- provement goes through, then that amount can be subtracted here. If the other one doesn't go through and this goes through, then you have to do something with that half of the street you dig up. c It's also to be noted that there's $90,100.00, which Charlie mentioned, if the W-P-80-31 project is not ordered - that's the other project on Brooks and Transit - then we have to add $90,100.00 to this project to restore those streets. Assuming then that we have this $445,966.52 - there are 170 buildable lots or units in the area. Of those - in addi- tion to those there are six tax exempt lots that have R-l and R-2 classifications, and there are 83.9 units in acreage of tax exempt. That's the City property. The total then comes out to 259.9 lots or units. You divide that amount into the $445,966.52 - the cost per unit would be $1,715.92. Since it is not proposed to have 100% assessed -only 25% - 25% of that figure would be $428.98 that each lot would pay, including the City property. The balance would then be picked up by other City funds. In view of those amounts, we would recommend that the assessment run not longer than ten years and the principal then would be $42.00 per year, together with int€rest at the allowable maximum rate, depending on what our bonds are sold at, and the right of prepayment as is always the case, or the right to let it go on with their taxes, collectible after we have the assessment hearing. MAYOR DEMOS: I will open this hearing to the public. Again, this is for the storm drainage project only. I. would 'ask that each person come to the microphone, give his or her name, and the address of the property to which you're referring. MR. NORTH: We do have a petition which favors the project and was signed by Katherine Anderson at 917 Transit, by Roger 13