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The proposed facility is to look to the anticipated future of this area and provide not just another three-ton road with curb and gutter, but a roadway facility that will meet the anticipated 3,000 cars per day that the traffic experts predict for this area. The proposal is for a nine-ton roadway that would be 36 feet wide that would accommodate the increase in volume and also the heavier vehicles that are anticipated to be on the road. As you may recall, the Hoffmann development has its primary access for its trucks off the Fulham Street front- age. If this proposal is not approved, then it will be necessary to - in my opinion - review that development plan because there will not be very good circulation for this south- easterly corner. The construction will require relocation of some fire hydrants. It will also require the construction of a small piece of storm sewer part way up the block to intercept the flows as they corne southerly. It will impact a cluster of trees in the extreme southwestern corner, although the sloping in that area will be able to hopefully save several of them. It's not anticipated that it will be taking any of the trees along the west side. However, with the widening, there is a series of trees on the northern portion of the roadway on the east side which will have to be removed. Fortunately, as that land slopes up toward the warehouse facilities, there are numerous other smaller trees already in existence which can be retained and provide screening to the warehousing. This project - to some degree - is tied to the storm sewer which will be discussed shortly, but essentially can be decided on its own merits either way. As many of you know, the City is currently considering the possibility of tax increment financing. How all of this project will ultimately be funded is still un- resolved and whether the City will indeed have tax increment financing is also unresolved, but it is one of the points of consideration at least as to possible funding. Mr. Popovich ,will be presenting the numbers involved in this project. Perhaps to help some of you as to how the City assesses streets, I might review some of our typical special assessment policy procedures. For instance, tonight's hearing is for deciding whether the road would be done or not and after the construction was completed there would be a second hearing that would take up how it would be funded - who would pay how much and where the various funds would come from. The City also has been following as policy a practice of giving corner lot re- ductions where frontage is involved and there are several of those involved in this particular roadway. On that policy, only 10% of the cost - 10% of the footage rather - is considered for assessment for the first 150 feet. Any depths beyond that are then normal assessments. It's also been the practice of the City to assess only 25% of the actual cost when a property is zoned R-l - or single-family. That's what would prevail in the current case of the three most northerly homes and the 2