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live up to the agreement but not assess any of it. <br />D. Order the project on a 3/5's vote and have the City pay for <br />all of it. <br />E. Commence and conclude the public hearing and then determine a <br />cuu.se of action. <br />F. Hold and continue the public hearing and table further <br />discussion until the June 23rd or July llth meeting. <br />G. Not undertake the project. <br />Issue 2. Determination as to Whether the Progect Should be <br />Ordered <br />A. Order the project with a 4/5's if there is no petition in <br />order to assess a portion to the property owners. <br />B. Order the project with the 3/5 .pith the City paying 25% and <br />the developer paying 75% in accordance with the agreement. <br />C. Order the project at 3/5's vote with the City financing the <br />total. <br />D. Table <br />E. Not undertake the project. <br />Issue 3. Award of Bid (Agenda Item #17) <br />A. Award the bid to Hardrives Inc. <br />B. Table for futher discussion. <br />C. Reject all bids. <br />Issue 4. Derermination of Financing <br />A. Undertake the originally agreed on percentages. <br />B. Undertake an altered percentage of the costs. <br />C. Table. <br />D. Do not undertake. <br />RECOMMENDATION - It is recommended that the City Council order <br />the project to be undertaken on a 4/5's vote and that the Council <br />determine by separate action the financing. It is recommended <br />that the financing be as follows: the developer rays 75% for a <br />total of $36,000, the City pay about 15% and the three abutting <br />property owners split the difference on the remaining 10% for an <br />averaqe cost of about $1,50B.L10 <br />n <br />I <br />