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09/14/1998 Council Packet
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09/14/1998 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
09/14/1998
Council Meeting Type
Regular
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BEHM'S CENTURY FARM 4TH ADDITION <br />ASSESSMENT COMPUTATIONS: <br />Bond Fund <br />Lot 8 <br />Lot 27 <br />Lot 28 <br />Sanitary Sewer Watermain <br />$ 6,500.14 <br />$ 6,500.14 <br />$ 6,341.60 <br />$ 7,392.30 <br />$ 7,392.30 <br />$ 7,212.00 <br />Total $ 19,341.88 + $ 21,996.60 = $ 41,338.48 <br />Area and Unit Fund <br />Sanitary Sewer Area Charge: 10.46 acres x $ 2020.00 /acre= $ 21,129.20 <br />Sanitary Sewer Connection Charge: 28 units x $ 875.00 /unit= $ 24,500.00 <br />Watermain Area Charge: 10.46 acres x $ 2154.00 /acre= $ 22,530.84 <br />Watermain Connection Charge: 28 units x $ 1413.00 /unit= $ 39,564.00 <br />Surface Water Management Fund <br />Surface Water Management Charge <br />10.46 acres x 43,560 SF /acre x $ 0.05 /SF = $ 22,781.88 <br />Per the developer's request, the assessments were distributed equally among the 8 Tots. <br />Interest Rate: 7.0% <br />Assessment Period: 15 years <br />
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