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8239.1JBBS BM ^ 19,9... »-.9 -. .“^or, ® Hlcha.V aa««:; ^e «U„, oatlinlM *f jsose »'-”"'’“tion as fat »* <br />alls of eo=- j 0®'''“““? %ollo»i"9pt.sentation of „ coK. toilowi"? <br />pceservtea OY taken. raised anc <br />enecal es"io"® '"^htased they »ay <br />*"si9nlfi=®’'^^;;“\V.« »« r'asRe”^*^*'" :tOe <br />" ” '“f^uastions tbao «"„“<,,aar I" >■•'''=’’ <br />' « ofnacessatUV tn tl>®sand ate not ne <br />„ the pcopetty <br />>**t ceq'^^^®® fit to the ptoP«'a. 91 law that ceq benefit to <br />O.W ‘»* «“““ , „ the ben.flf <br />° ^ ants ate that otopettY- <br />‘ ‘‘■'IVVooat'bYfoe i”?'=;*nd"\sbrought aoo law <» equal to o>- <br />. -otr <br />-t-uf b^^ <br />a possihi’'^'"^ cm as the aThece is a P same c® <br />w . the City years.I by the oc 20 y <br />expected to o <br />I <br />* m <br />2. What are the costs of the project and what are anticipated to be the financing options.The costs are detailed on the sheet that was handed out« split out between about a $S»500 assessment charge and between $4,200 and $9,700 connection charge. It is anticipated that it would be a 15 to 20 year bond issue. If your total assessment plus connection charge was $10,000 over 15 years that would cost about $670 per year in interest together with an initial interest cost of about $800 which would be decrease over the 15 year period to a final year interest cost in the range of $60.00. Spread over ___ years, the annual principal would go down but the amount of interest paid over that tiraeperiod would be increased. If your rate is $15,000 just multiply those numbers by 1.5 times the $10,000 number.3. Are the larger lots subsidizing the smaller lots? <br />To the extent that sewer is going to be installed adjacent to <br />a large lot, a lot with a large frontage actually cos^; more <br />to serve than a lot with a small frontage. To the extent <br />that sewer is needed the greater number of smaller lots <br />actually, defray the cost for the larger lots. (This is <br />balanced out by splitting the areas between the larger and <br />smaller lots and having the lateral cost for the smaller <br />lots, in this case, being less than for the larger lots.) <br />4. Aren't there other places, such as Cygnet Place, that in the <br />future will need to have sewer? <br />The City staff has looked at Cygnet Place as far as sewering <br />and what impact that has on this project. It is anticipated <br />that that area will be looked at over the next 5 or 10 years. <br />Whether the area needs sewer would be the subject of a waste <br />Management Study and will be dependent, not only, on lot size <br />but also topography, soil conditions, water table etc. We <br />looked at it as to how a sewer pipe will be run on an <br />approximate basis.