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appropriate amount for WoodhiII and the developer in order to <br />allow the developer the opportunity to construct the road before <br />the winter. This has been accomplished and at present the road <br />has been graded with the initial surfacing being placed on it. <br />It is anticipated that the second surfacing will he placed on it <br />next spring. <br />DISCUSSION <br />Pro ect - The project has been revised based on soil <br />borings with the Engineer now recommending a revised <br />alternative IT. Any increase in the project otter the <br />original tota7 sh,)uld be borne by the City. It is <br />expected that the revised alternative TT will be below <br />the original alternative I. <br />Process - The following repro -lent- the process to be <br />undertaken for this project. <br />1. Public hearing <br />2. Consideration and ordering of thf projc--t. <br />3. Project bi ':jing and award <br />4. Project construction <br />5. Project assessment in advance of October 1, 1988 <br />Financing - As noted above the City has an agreement for <br />up -to 75% of the original cost from the Woodhill Country <br />Club and the developer. As noted in Attachment C it is <br />the recommendation that the City take 10% of the cost <br />plus any expense over the original maximum $E1,680. <br />This leaves a balance of $9,252.00 to be assessed <br />against the abutting property owners based on an equal <br />share to each property. As such this would need <br />assessment shares as fellows: <br />- a. Jane Delaney, 1315 Woodhill Avenue - $3,064 <br />- b. Mark 6 Mary Fox, 1230 Woodhill Avenue - $3,084 <br />- C. Jane McClaren, 190 Orono Orchard Rd - "3,084 <br />A ten (10) year assessment could be implemented with an <br />approximate $3:.0 per year principal assessment plus interest. <br />Alternatives - <br />1. The following represent alternatives the Coon-^il <br />could take at this point. <br />a. Not do the project. <br />b. Order the project to he undertaken based on the <br />preliminary funding plan outlined above. <br />c. Order the project in based on .an amended financinu <br />plan and assessment date. <br />2. Di c ect staff to set an assessment date in advance of <br />the October 1, 1988 deadline for certification of <br />