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c~o~ ~~ <br />OO Mf~D~ <br />4 <br />~~`~p ~L51/V <br />~P ~f~ ' Partntwti Q~ <br />RESOLUTION 7415 <br />EXHIBIT B <br />Street and Utility Improvement Program <br />Private Improvements <br />Schedule Of Payment <br />February 2009 <br />Option 1 <br />Payment in full at time of City approval' <br />' Payment in full required for amounts less than $500 <br />Option 2 <br />Assessment - cost for improvements added to property taxes <br />Assessment fee - due at time of City approval $35.00 <br />Re a ment Schedule <br />Amount Period <br />$500 to $1,000 1 year <br />$1,001 to $5,000 5 years <br />reater than $5,000 u to 10 ears <br />Interest rate for assessment: 5.50% <br />