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4 <br /> <br />5 <br /> <br />No. 3 - The amount of the char,~]e does not ex,ed <br /> the value of the benefits received. (EX?LAIN) <br /> <br />P~ENE];IT PRINCIPAL pt. 2 word "specially" Can we <br />use the word "specifically" int,~rchangeably? <br /> <br />Pt. 3 Does this read different but mean the same as <br /> Queation 17 the amount of the assessment. <br /> must not exceed the special benefit <br />Initiation of Proceedings. This may be '8one by the <br />Council or by petition of affected property owners. <br />If a petition is used, it must be signed by the owners <br />of at least 35~ in frontage of the property bordering <br />on the proposed improvements. Is this indieating. <br />how the utilities will progress through the area? <br />If it is not saydng that then explain) What <br />happened to the 50~-.developed before moving further <br />Out.~ithat was at one time discussed? <br /> <br />pt. 9 .... bonds are then paid off as the funds become <br />available thyough the collection of the assessments <br />and any taxes levied especially for that purpose. <br />Could lapse of time occur in undeveloped areas where <br />bonds are not being paid off because of slow purchase <br />of homes. How does the city handle this? <br /> <br /> i.;pla~_:and organized improvement'projects of large <br /> enough scope such that good bid prices will be <br /> obtained. Is there a 1 year time limit to completing <br /> a project and what must be done (completed)? <br />~'. ~ years really not very long for"asse'ssment period <br /> Why can we not lock to a longer time especially if <br /> we may see low-moderate income families moving in - <br /> the owner's worth will dictate his ability to pay. <br /> <br />pt. a size of trunk ~fi an area that will have b~oth <br />commercial ~nd residential development - how is the <br />size of the trunk determined to accomodate both? ~ <br /> <br />Please explain again'.REC <br /> <br />No. 2 lo,¥er page - Construction Interest. Please <br />explain. Cost of financing during the time period <br />of the imporvement process sta?ting when the amount <br />paid the contractor equals the amount paid as escrow <br />[if any) until the a~sessmemt roil is approved bY the <br />Council. ~ ,:-'- '- ' . ~ · - '.- <br /> <br />No. 3 Expenses assessed - cost incurred by the City - <br />are they generally a certain ~,'; ~ <br /> <br /> <br />