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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 />The estimated assessed valuation and mill levies were based <br />on data provided lay the City Assessor. <br /> <br />VII. FINANCING SUMMARY <br /> <br />Based on the City's proposed assessment ordinance, it'is recom- <br /> <br />mended that a ten (10) year assessment-period be used. The <br /> <br />interest would be one and one-half percent (1.5%) greater than <br /> <br />the rate of interest on the bonds. <br /> <br />The following table shows the annual costs for one acre resi- <br />dential and one acre commercial lots ammortized over 10 years at <br />10 percent interest using Alternate A for financing: <br /> <br /> TABLE IV <br /> <br />ANNUAL COSTS TYPICAL <br /> <br />A. Trunk Costs <br /> <br />Be <br /> <br />Cost per acre residential <br />Annual unit cost per acre residential <br />Cost per acre commercial <br />Annual unit cost per acre commercial <br /> <br />Subdrain Costs <br /> <br />Cost per acre <br />Annual mail cost per acre <br /> <br />$138.94 <br />$22.61 <br />$222.30 <br />$36.17 <br /> <br />$3,900.00 <br /> $634.53 <br /> <br />10 <br /> <br /> <br />