HomeMy WebLinkAboutgr00090_000011_pg06-012would probably be held some time in 1965 and the first install-
ment on taxes would start in 1966. The Council may decide to
have the assessment hearings early, but 1966 would be reasonable.
Prepayment can be arranged for ahead of time.
In reply to statements by some persons that this will be
too large a money burden for them and they will let their land
go for taxes, he stated that none have done so thus far. If
any land is made available through delinquent taxes, it will be
used for park purposes.
Mr. Anderson, Fiscal Agent, of Juran & Moody, passed out
sheets to those attending the meeting giving a cost analysis
of the proposed sewer improvement, surface drainage and street
improvement plan (Copy attached).
He stated they were requested by the Council to make a
financial analysis of the project defining the methods to be
used for payment, including the operation and maintenance of
it. They followed the generally accepted practices for this
type of improvement in arriving at the costs.
Basically, there are three main sources of revenue:
1. Special assessments.
2. Sewer rentals used for operation of the system
and operation of maintenance facilities.
3. Tax levy.
Hethen took an example from the cost sheet and followed it
through, explaining the individual costs comprising the estimated