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Agenda - Council - 07/23/1979
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Agenda - Council - 07/23/1979
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
07/23/1979
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PROPOSED STORM SEWER <br />TUNGSTEN & FRONT STREETS N.W. <br /> <br />PROJECT SUMMARY* <br /> <br />Total Cost $ 49,075 <br />Assessable Area <br /> Commercial 6.581 Acres <br /> Residential 0.253 Acres <br />Total Assessable Area 6.834 Acres <br />A~justed Assessable Area ** 6.7075 Acres <br />Cost Per Acre (Commercial) $ 7,316.44 <br />Cost Per Acre (Residential) '$ 3,658.22 <br /> <br /> * Revised 7/19/79 <br />** Area adjusted to <br /> assessment <br /> <br />reduce residential assessment to one half <br /> <br />of cnmmerc~a! <br /> <br />PROPERTY ASSESSED <br /> <br />Grosslein <br />Hedstrom <br />Anoka Kawasaki <br />Dixon <br /> <br />N & N Auto <br />Post <br /> <br />Rasmussen <br />TOTALS <br /> <br /> SUMMARY OF ASSESSED COSTS* <br /> <br />AREA (ACRES~ TOTAL ASSESSED COST <br /> <br />2.910 $21,290.84 <br />1.327 9,708.91 <br />0.436 3,189.97 <br />0.436 3,189.97 <br />0.872 6,379.93 <br />0.60.- 4,389.'86 <br />0.253 925.52 <br />6.834 $49,075.00 <br /> <br /> ANNUAL COSTS <br /> (Per~iod of Amortization) <br /> 10 yrs. 15 yns. 20 yrs. <br />$3,172.34 $2,48~.77 $2,I69.54 <br /> <br />1,446.63 17134.00 989.34 <br /> <br />475.30 372.59 325.06 <br /> <br />4Z5.30 372.59 <br />950.61 745.18 <br />654.09 512.74 <br /> <br />325.06- <br /> <br />650.11 <br /> <br />447.33 <br /> <br />.137.90 108.10 -94.31 <br /> <br /> * Revised 7/19/79 <br />** Based on 8% Interest <br /> <br /> <br />
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