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ASSESSMENT HEARING <br />CRYSTAL RAY <br />SANITARY SEWER IMPROVEMENT". <br />PROJECT NO. 85-1 <br />ORONO, MINNESOTA <br />April 22, 1984 <br />7:00 P.M. <br />1. PROPOSED TMPR_OVEMENTs: Construction of Sanitary Sewer to ycâ–º-vir 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 />11. _ESTIMATED COST <br />r- Sanitary Sewer <br />Street Replacement <br />TOTAL $90010U0 <br />III. PROPOSED ASSESSMENTS <br />Units to be Assessed 83 <br />Estimated Cost/Unit $ 10,850 <br />Option I - 100% Assessed <br />Arssessm-2nt/Unit $ 10,850 <br />City Share 5 Units $ 54,250 <br />Option II - 75Z Assessed <br />Assessment/Unit $ 8,10(l <br />City Share $265,500 <br />Option III - 66-2/3% Assessed <br />Assessment/Unit $ 7,200 <br />City Share $337,000 <br />Option IV - 50X Assessed <br />Assessment/Unit $ 5,400 <br />City Shar.' $477,000 <br />IV. PROPERTY TAX <br />Estimated Market Value $150,000 <br />Tax Increase* $ 22.69 <br />*Based on 50% Assessment <br />7 I83. <br />