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Method for Determining Front Footage <br />Financing Assessments <br />0 One Time Assessment Notice Sent in May 2015 <br />• Assessments Paid Over 15 -Yr Period <br />Option Deadline _ <br />1. Pay-off full Assessment Nov. 30, 2015 (1st year) <br />to avoid interest Nov. 14 (every year after) <br />2. Partial Payment <br />3. Apply direct to Property <br />Tax <br />Nov. 1, 2015 (Is' year) <br />Automatic if above <br />options are not exercised <br />If Applied to Taxes.... 15 Year Payback..2% over the True Interest Cost <br />(Not known until bonds are sold) <br />