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Option 1 <br />Payment in full at time of City approval1 <br />1 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 />Repayment Schedule <br />Amount Period <br />$500 to $1,000 1 year <br />$1,001 to $5,000 5 years <br />greater than $5,000 up to 10 years <br />Interest rate for assessment:5.50% <br />RESOLUTION 7415 <br />EXHIBIT B <br />Street and Utility Improvement Program <br />Private Improvements <br />Schedule Of Payment <br />February 2009