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The following table provides a summary for the project showing the number of <br />assessable acres, cost per acre, cost per typical lot included in the area <br />of benefit and the annual amortized parcel cost projected at 10 percent interest <br /> <br />for a period of 10 years. <br /> <br /> PROJEC~ SUMMARY <br />Total Cost <br />Assessable Area <br />Cost Per Acre <br /> <br />$ 7,200 <br /> <br /> 5.63 Acres <br /> <br />$ 1,278.86 <br /> <br />COST PER TYPICAL LOT <br /> <br />Lot Area 0.85 Acres · <br />Assessed Cost .'$ 1,087.03 <br />Annual Cost $ 176.86 <br /> <br />Conclusions and Recommendations: <br />The proposed improvement is technically feasible and will benefit the area served. <br />However, prior to proceedigg with the project, it must be determined whether or <br /> the benefit is equal to or greater than the cost. <br /> <br />-3- <br /> <br /> <br />