09-08-1980 Council Minutes Public Hearing sewer assessments

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PUBLIC HEARING, SEPTEMBER 8 , 1980 Page 3 Harold Carlson, 539 Keene Avenue: Can we pay our assessments all at one time7 Mayor Van Nest: You have the opportunity to pay your assessment in full within a limited time after adoption of the assessment roll or you may make partial payments over the life of the bonds, as indicated in our letter to you. Don Gamble, 1205 Shoreline Drive : How are the payments setup? Bob Ehlers: Equal principal payments, declining interest. � James Rivers, 1442 Shoreline Drive : Why can ' t we have the entire payments amortized equally over the bonding years? Bob Ehlers: Declining interest appears to be the preferred method. Accounting procedures are simplified this way. Mayor Van Nest: The City prefers the declining interest method. It is more consistent. The Council will adopt the assessment roll tonight. The final decision on the project will be made the first week in October . Kevin Dynan, 535 Hanlon Avenue: What are the alternatives? Mayor Van Nest: The alternative is to enforce our present code and bring all- present on-site systems up to today ' s ' standards. Ed Cashin, 1305 Shoreline Drive : What is the purpose of the proposed questionnaire? Mayor Van Nest: The questionnaire will allow Council to , determine if the project is to go or not. Craig Moen, 1387 Orono Lane: Can we remove Orono Lane from the project? Mayor Van Nest: Project bidding will not allow removal of this area. Mr. Moen: I am hoping questionnaire will make that _ determination. I think people will want amortized bond payments, not declining interest payments. Councilman Paurus: The City has to consider all costs to administer the project and also bond costs. David Johnson, 500 Hanlon Avenue : We object to the project. Our incomes will not support the project costs. We also understand federal monies are not available.