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The total project costs have been identified in the previous sectio, ns. In addition to these costs, <br />benefitted parties must also contribute a uniform standard amount ~nto the City's. sewer and water <br />trunk fund. It is thes~ trunk funds which finance the oversizing of lines required ~n the system. At <br />the present time, the combined sewer and water trunk fees are $1,357 per potential residential <br />connection. <br /> <br />This section will also present the distribution of project costs as it relates to individual property <br />owners. For Parcels 2 through 10, which are located in the Pondvale Estates subdivision, each <br />parcel obviously has the potential for one residential lot. Parcel 1 may be further subdivided into <br />four 100 foot frontage lots and has been assigned four potential residential units. Parcel 3 can be <br />reasonably divided into two lots due to the placement of the existing residence. Although Parcel 11 <br />has sufficient frontage along 149th Land N.W. to allow two lots, the fact that a garage has been <br />built east of the residence casts doubt that a parcel split would be likely. Also, the eastern portion <br />of this parcel may be a good location to anticipate some form of easement to extend sewer and <br />water north to service 150th Lane N.W. Such an easement would encumber at least 35 feet of this <br />lot and would further reduce the practicality of subdividing it into two units. For these reasons <br />Parcel 11 has been assigned only one potential residential unit. <br /> <br />TABLE 3 <br /> <br />SUMMARY OF BENEFITTED PROPERTIES <br /> <br /> P.I.N. Units <br />24-32-25-33-0014 4 <br /> <br />23-32-25-44-0016 <br />23-32-25-44-0017 <br />23-32-25-44-001l{ <br /> <br />ne <br /> <br />23-32-25-44-0013 <br />23-32-25-44-0014 <br />23-32-25-44-0015 <br /> <br />l <br />ne <br /> <br />ne <br />ne <br /> <br />23-32-25-44-0010 <br />23-32-25-44-0011 <br />23-32-25-44-0012 <br /> <br />24-32-25-33-0017 <br /> <br />24-32-25-33-0015 2 <br /> ", To~: 16 <br /> <br />The total project cost identified in Table 2 would be divided equally among~units as <br />enumerated in Table 3, yielding a per unit share of $4,754. '.In addi/J6h, teach ~nit wo~d be <br />assessed a water and sewer trunk charge of $1,357, for a total ~ $6,111 per unit. ~his <br />assessment would be payable over a ten year period with inter, est. AI~ estimated interest ~te of <br />eight percent would result in the assessment schedule presented m Table~ <br /> <br /> <br />