Laserfiche WebLink
would probably be held some time in 1965 and the first install- <br />ment on taxes would start in 1966. The Council may decide to <br />have the assessment hearings early, but 1966 would be reasonable. <br />Prepayment can be arranged for ahead of time. <br />In reply to statements by some persons that this will be <br />too large a money burden for them and they will let their land <br />go for taxes, he stated that none have done so thus far. If <br />any land is made available through delinquent taxes, it will be <br />used for park purposes. <br />Mr. Anderson, Fiscal Agent, of Juran Moody, passed out <br />sheets to those attending the meeting giving a cost analysis <br />of the proposed sewer improvement, surface drainage and street <br />improvement plan (Copy attached). <br />Be stated they were requested by the Council to make a <br />financial analysis of the project defining the methods to be <br />used for payment, including the operation and maintenance of <br />it. They followed the generally accepted practices for this <br />type of improvement in arriving at the costs. <br />Basically, there are three main sources of revenue: <br />1. Special assessments. <br />2. Sewer rentals used for operation of the system <br />and operation of maintenance facilities. <br />3. Tax levy. <br />He,then took an example from the cost sheet and followed it <br />through, explaining the individual costs comprising the estimated <br />