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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 Y.M. <br />I. PROPOSED TMPHOVE_MENTS: Construction of Sanitary Sew.tr to serve the <br />Crystal Bay area (shown on the beck of this sheet). <br />Street replacement section - 18' wide bituminous surface <br />Replacement in kind. <br />lI. ESTImnn COST <br />Sanitary Sewer <br />Street Replacement <br />TOTAL $900,000 <br />III. PROPOSED ASSESSMENTS <br />Units to be Assessed 83 <br />Estimated Cost/Unit $ lo,850 <br />Option I - 1002 Assessed <br />Assessment/Unit $ 10,850 <br />City Sham 5 Units $ 54,250 <br />Option 11 - 75% Assessed <br />Assessment/Unit $ 8,100 <br />laity Share $265,500 <br />Option III - Oh-2/3% Assessed <br />Assessment/Unit $ 7,200 <br />City Share $337,000 <br />Option IV - 50% Assessed <br />hasessment/Unit $ 5,400 <br />City Share $477,000 <br />IV. PROPERTY TAX <br />Estimated Market Value $150,000 <br />Tax Increabe* $ 22.69 <br />*Based on 501 Assessment <br />71M3c <br />