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Cha cey S Manual Sangren <br />Fet.oary 7, 1986 <br />Page 2 of 2 <br />4. As for the interest payments, these ,re relate , to the <br />issuance of the bonds (done as of Jul+ i to have money <br />availabl. to p v the cont:actor as t. ,rogresses) not <br />`roject completicn. While the City have delayed <br />spreading the assessment on the property.+ from Octcl,er of <br />1985 to October of 1986, this would he,e required inc acing <br />the assessmenc tc cover the interest needed for those 12 <br />months, together with increasing the total interest pay- <br />ments. (It should also be remembered that the City does not <br />reef ve any money for either principal or interest from the <br />Coun�y until July, 1986.) <br />5. The tree^ at Arbor Street and Lakeview Avenue were <br />removed to a 4 for U . con�'-uction of the sewer pipes and <br />manholes. The final tree re lacement proposed is not <br />completed dt this time in pa: due to needed discussion <br />with the affected ,,,operty owners. <br />6. Depending on the weather conditions, we .,e t, begin <br />restoration of the treets in April or May. <br />If you wish additional information, pleaee feel free to tail <br />me at 473-7358. <br />Sincere <br />Marx E. Bernhard -n, <br />City Administrator <br />cc: May.. Butler and Orono Council Memherb <br />MEU/t In <br />