Laserfiche WebLink
I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> i <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />I <br />I <br />I <br />I <br /> <br />METHOD OF PAYMENT AND SUMMARY OF COSTS <br /> <br />Since the benefited property is toned either U.B. or U.M.B. it <br />is proposed to assess the laterals on an area basis. The <br />recommended assessment period for commercial development is ten <br />(10) years. The interest charged would be one and one-half <br />percent (1.5%) greater than the current rate of interest on the <br />bonds. <br /> <br />The following table provides a summary of the lateral project <br />costs, and the assessed costs for each of the properties <br />benefited. <br /> <br />TABLE III <br /> <br />SUMMARY OF ESTIMATED LATERAL COSTS <br /> <br />Benefited Property <br /> <br /> Sanitary <br />Net Area Sewer <br />(Acres) Assessment <br /> <br />Watermain Total <br />Assessment Assessmt <br /> <br />River's Bend 2nd Add. 3.76 <br />Ramsey Center Property 6.51 <br /> <br />$18,657.22 <br />$32,302.78 <br /> <br />$11,660.76 <br />$20,189.24 <br /> <br />$30,317 <br />$52,492 <br /> <br />TOTALS 10.27 $50,960.00 $31,850.00 $82,818 <br /> <br />The following table shows a summary of the assessed costs and the <br />annual amortized costs projected at eleven percent (11%) <br />interest for an assessment period of ten (10) years. <br /> <br /> <br />