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here for street lights that are placed here. We have divided the area into blocks of lots - eight to ten parcels for each poten- tial street light. In this case there are eight lots, three of which have existing structures on them and the other five are vacant. The petition for this project came from the three people living in the area and an owner of one vacant lot also signed the petition. The procedure would be to have Northern States Power put the light up and then have them maintain it over the life of the improvement. The City would pay the bills for the facility and nearly 80% would come from general fund operations, the same as other street lights, the difference being the added cost that NSP charges the City because it is underground. We spread this over a 20 year period to come up with the cost. There's really not much more to say from a construction standpoint. It would be constructed this year if approved. MR. POPOVICH: The total cost of this improvement is $1,858.20. It was 50% petitioned - four out of the eight lots that you see in the area. When you divide the $1,858.20 by eight lots, it comes out to $232.28 per lot. Obviously, when Mr. Honchell said it would go over a 20 year period - I prefer not to spread it over that long of a period. When you have $232.28 and spread it over a 20 year period, your costs of ad- ministration and so forth would add so much to that that it's just not practical. In my opinion, I think the Council should try to determine this evening whether the public would take it in a one year assessment. My recommendation is to not spread it over more than a five year pe~iod. You would then have $232.28 divided by five, with a carrying charge not to exceed 13%, with the right of prepayment at any time. If we could take care of this in one year, then it would not have to be included in a bond issue. It would be helpful if the people would go along with this approach. MR. HONCHELL: I agree with Mr. Popovich that the assess- ment should not be spread over 20 years. The cost of this improvement was based on a 20 year period, which means we would not have to come back in three or four years and do it allover again. MAYOR DEMOS: Are there any written statements? MR. ANDRE: There are none. MAYOR DEMOS: I will open the hearing for the Avon street light. MR. RICHARD SANDBERG, 3087 Avon Street: I have a ques- tion for Mr. Honchell. Are there any options that the City offers in way of a more ornamental street light thap that offered by NSP? 2