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property nearest Terminal on the west side of the street. The remaining parcels are zoned business or industrial and would typically have the full assessment applied to them MR. POPOVICH: Mayor and members of the Council, the esti- mated cost of this project is $155,000.00. The business and industrial footage is 985 feet and the R-l footage is 410 feet. By taking the estimated cost and determining 100% against the business and industrial, that would come out to $111.11 per foot, which would raise approximately $109,335.00. The residential portion of 410 feet, at the 25% front foot cost, would come out to roughly $28.00, and that would raise $11,588.00, for a total of $120,923.00 to be raised by assessments. The difference between that and the $155,000.00 would be picked up as the City's share on general taxes or by the tax increment bonds or project that is later being considered. We would recommend that the assessments be spread over a period not to exceed 15 years at the maximum interest rate pro- vided at that time and, of course, the exact cost would be known at the time of the assessment hearing. MR. ANDRE: There are no written communications. MAYOR DEMOS: I will open this hearing to the public and ask that each person come to the microphone, give his or her name and the address of the property to which you are referring. MR. CLIFFORD LUND, 2241 North Milton: I represent Roberts Construction. We own the property - the industrial property facing Terminal Road on the east side of Fulham, which is approximately 487 feet of frontage along Fulham. Based on what Mr. Popovich has said, we're faced with a $50,000 assessment for something we don't need. We wish to oppose it. (Mr. Lund also presented a letter to this effect to the Council.) MAYOR DEMOS: Anyone else? GLORIA THAYER, 2351 Fulham Street: I am B-4 - the one house on the street that's zoned B-4 - and I guess at this point 11m opposed until at some time when I know, or have some idea of what it's going to cost me. I don't particularly care for a finished road over there. I like it, it's a country atmosphere, and I've enjoyed it for 20 some years and I still like it. They can have it on the other side of the street where Hoffmann Electric is coming in. They can finish it in their area. They have done it the same way with (inaudible). It's been quite satisfactory. When they talk in terms - I missed the last meeting when the rezoning was done - and they said that at some point in time we will all have to move, but the property has not been bought at this time and we are still residents there. If the petition - and I don't know if this is out of order or not - but if it should be approved, then I will have to make a petition that mine is residential because it's being used as residential. It is not a business. Thank you. 3