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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br /> <br />not have a driveway entrance onto Magnesium Street;.therefore, it <br />is proposed to assess that property a half-unit in conformance <br />with the assessment policy. <br /> <br />Based <br />costs <br /> <br />(10%). <br /> <br />on the current bond market situation, the estimated annual <br />will be determined by using an interest rate of ten percent <br /> <br />The following table shows an assessment for a typical unit and <br />annual amortized unit costs projected at ten percent (10%) for a <br />period of ten (10) years. <br /> <br /> TABLE II <br /> <br />COST SUMMARY <br /> <br />Total Cost <br /> <br />Total Units <br /> <br />Cost per Unit <br /> <br />Annual Unit Cost (10 Years) <br /> <br />$19,600.00 <br /> <br /> 4.5 <br /> $4,355.56 <br /> <br /> $708.66 <br /> <br />ALTERNATE PROJECT <br /> <br />As an alternative to realigning the road and widening the surface <br />width to 24-feet, the City could repair the bituminous and overlay <br />the street with a one inch (1.0") bituminous mat. Under this <br />alternative, it is proposed to construct only an eighty-foot (80') <br />diameter turnaround instead of the required one hundred foot <br /> <br /> <br />