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received on thi~ project showed the assessment would probably be $14,000 an acre and $7,600 in <br />SAC charges. VCith three acres, the figure is approximately $65,000 in assessments. For property <br />of nominal income, this creates economic concern for the property owner. He realizes that to <br />extend improvements, the City can't wait for all properties to be developed, and he is not really <br />opposed to the ;project, but very concerned with economics. The property is presently for sale, but <br />he is sure this project will not increase the value $65,000 more. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Hardin and seconded by Councilmember Beyer to adjourn the public <br />hearing. <br /> <br />Motion carried. Voting Yes: Mayor Gilbertson, Councilmembers Hardin, Beyer, Cich and <br />Peterson. Voting No: None <br /> <br />The public hearing adjourned at 7:26 p.m. <br />Respectfully submitted,. <br /> <br />Sandra Ashley <br />Acting City Administrator <br /> <br />Public Hearing/City Council/February 27, 1991 <br /> Page 2 of 2 <br /> <br /> <br />