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<br />be tax increment or it could be assessments. It's something we <br />can't say until we really review it and make a final decision. <br /> <br />COUNCILMAN CURLEY: But it could be possible, for example, <br />that it could all be in tax increment and nobody would be <br />assessed - isn't that a possibility? <br /> <br />MAYOR DEMOS: It's a possibility. <br /> <br />COUNCILMAN CURLEY: And a second possibility is that it <br />could be a tax increment and maybe a smaller assessment. Hope- <br />fully - I would hope, because we did talk about it - that <br />there would be no assessment for anybody- that the money would <br />all come from tax increment. <br /> <br />MR. ANDRE: I think that was the intent. <br /> <br />(Inaudible. ) <br /> <br />COUNCILMAN KEHR: Those people that are living in those <br />homes along there are B-4? <br /> <br />MAYOR DEMOS: No - only one home is B-4. <br /> <br />COUNCILMAN KEHR: Would that be treated as B-4 or as R-l <br />under assessments? <br /> <br />MR. ANDRE: Under present policy it would be treated as a <br />business zone. <br /> <br />COUNCILMAN JOHNSON: The 410 feet does not include the B-4, <br />Mr. Popovich? <br /> <br />MR. POPOVICH: That's right. You have to look at what the <br />zoning is, because it isn't just the present use of the property <br />that determines the benefit theory or the assessment - it's what <br />the property could be used for. If you assess something as a <br />residence today and it was zoned business or industrial and then <br />'a year from now the residence was taken off and it was used for <br />business or industrial, you'd have the lower assessment. So <br />it's not the present use only - it's the long-term. And while <br />we're talking about the tax increment, that is true - if you <br />decide to go with tax increment - of course, that requires a <br />public hearing and 'all the other procedures - the rule is that <br />any project started under Chapter 429, which is the Local <br />Improvement Code, if it's a reasonable period of time before <br />you go into the tax increment and it's contemplated to be taken <br />over by tax increment, you could do that later. In the event, <br />however, that you did not proceed with tax increment and you <br />ordered the improvement, then it would have to stand by itself <br />on Chapter 429 approach, which is what we've presented to you <br />tonight - as if tax increment did not go ahead. The idea <br />tonight is - if this project went ahead, forgetting about tax <br />increment, would these assessments go with the people before <br />us? Obviously, you have some who petitioned for it and some' <br />the other way. On the other hand, none of them have answered <br />the question - if it was all paid for under tax increment, <br /> <br />5 <br />