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w <br /> --)4 1---14:„ O <br /> -41 <br /> 4• CITY of ORONO <br /> p,v', I�'0y ,. SFr Municipal Offices <br /> tE$I'iOO' 4G Street Address: Mailing Address: <br /> � *C ' 2150 Kelley Parkway P.O. Box 66 <br /> Orono, MN 55356 Crystal Bay, MN 55323-0066 <br /> April 20, 1998 <br /> Dear Project Area Residents; <br /> The City of Orono has scheduled a Neighborhood Informational Meeting to obtain resident <br /> comments on a proposed sanitary sewer project to serve the Orono Orchards Neighborhood. A <br /> project area map is included with this notice. This Neighborhood Meeting will be held at 7:00 <br /> P.M. Thursday, May 14th at the Orono City Council Chambers. <br /> Introduction <br /> This area was included in the recent MUSA expansion for sanitary sewer installation because of <br /> the smaller lot sizes and older septic systems with limited replacement sites available. Installation <br /> of new code compliant septic systems will be very difficult on some of the lots in this <br /> neighborhood. Approximately 25% of the septic systems in this area are currently failing, with <br /> an additional 15% in near failing condition. This area is one of ten neighborhoods included in the <br /> MUSA expansion. Sewer projects have already been completed in four areas with an additional <br /> two areas scheduled for completion this summer. We are beginning the planning process for <br /> possible 1999 projects. At this time, interest rates are low providing for more affordable projects. <br /> Project Assessments and Costs <br /> A feasibility study has been completed with an estimated project cost of $518,914 in 1998 <br /> dollars. This results in a proposed project assessment of$22,562 per unit payable over a fifteen <br /> year period. Options for prepayment of the assessment are available. Based on several projects <br /> recently completed, the estimated interest rate is 6.25%. Based on a 15-year assessment at 6.25% <br /> interest, the annual assessment payments will be approximately $2,350. These project costs and <br /> assessment payments may vary dependent on future construction costs and interest rates. <br /> Telephone (612) 473-7357 • FAX 473-0510 <br />