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Also attached to this memo are the resolutions calling for the assessment hearing for the <br />improvements serving this development. Staff is recommending assessments totaling <br />$855,000 ($57,000) per lot for a term of three years. Interest for this shorter term is <br />proposed at 3.75 %. We are recommending we hold the assessment hearing on September <br />25`h at 7:15 p.m. (just before our 2nd meeting in September). <br />cc: Masterpiece Homes, Inc. <br />2 <br />