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ASSESSMENT HEARING <br />CRYSTAL BAY <br />SANITARY SEWER IMPROVEMENTS <br />PROJECT NO. 85-1 <br />ORONO, MINNESOTA <br />April 22, 1984 <br />7:00 P.M. <br />I. PROPOSED IMPROVEMENTS: Construction of Sanitary Sewer to serve the <br />Crystal Bay area (shown on the back of this sheet). <br />Street replacement section - 18' wide bituminous surface <br />Replacement in kind. <br />II. ESTIMATED COST <br />Sanitary Sewer b <br />Street Replacement <br />TOTAL $900,000 <br />III. PROPOSED ASSESSMENTS <br />Units to be Assessed 83 <br />Estimated Cost/Unit S 10,850 <br />Option I - 100% Assessed <br />Assessment/Unit $ 10,850 <br />City Share 5 Units 5 54,250 <br />Option II - 75% Assesses' <br />Assessment/Unit $ 8,100 <br />City Share $265,500 <br />Option III - 66-2/3% Assessed <br />Assessment/Unit S 7,200 <br />City Share $337,000 <br />Option IV - 50" Assessed <br />Assessment/Unit $ 5,400 <br />City Share $477,000 <br />IV. PROPERTY TAX <br />Estimated Market Value $150,000 <br />Tax Increase* $ 22.69 <br />*Based on 502 Assessment <br />7183C <br />