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50 <br /> February%,10B] <br /> She explained that the estimates Pas the preliminary assessmenta mxoll hes <br /> e prepared ona vbasis and the final <br /> been Prepared based on Special Benefit Analysis.assessment <br /> ofthe <br /> final assessment amounts axe lower than the preliminary assessment <br /> sarrived at mvia the a method. There are four properties <br /> where tothe final ants arare ea ar1Y he Same are <br /> est <br /> increases and e then the ppreliminwhere stimates.assessments One was a 23% <br /> significantly mora 16%increase and one a 11%increase. <br /> increase.o <br /> She saltl one exopextyo o ei, Nr. Haglund. had ssessme oa p 721:3=the <br /> nt P ET]3^OB <br /> pre!.iminary a timate P E20,$oD to thePvnel a roll a <br /> The reason for this is that the preiminalyeraticn of spread <br /> adpetlsl <br /> mathematical formula vette only generalmal iene inits study <br /> benefits P the improvement <br /> Cc is basediPfeientpei properties ben in the Idy <br /> Pinel assessment <br /> fee appraiser.on e Far est properties this <br /> performed by a <br /> does not make a difference, but tie dramatic,particularly undeveloped <br /> tithe <br /> vol property the change can b sewers are <br /> commercial <br /> cannot be developed unless theusanitary <br /> gg installed.c This was the case with Ni.Haglund's property. <br /> S.p.... The property owners have had threemonths <br /> In �e of this <br /> beginning increase <br /> this <br /> ... chem assessment and if they <br /> u distribution C from the preliminary <br /> assess of method P would occur. During this time, <br /> to he final assessment =' to <br /> Mr. Haglund has had time toe consult with his willwn have thea s PPortunvtyo <br /> iew <br /> the special benefits to his this hearing. <br /> ts and w o <br /> to sepesent his position at this he ring. She pointed out that n <br /> k. <br /> assessment shell be more then the special <br /> benefitto <br /> totner property <br /> s assessments shall be proportionate eac <br /> on <br /> special benefit. Theassessment r ll reflects adjustments toe <br /> property areas where land will be acquired for public cess to t <br /> e <br /> lake and where land will be acquired for widening SR527.c <br /> If the council decides to lower certainassessments <br /> andtl M1ave eta <br /> ss <br /> owners,the difference to the other P=oPe=ty notices sent.another ale to <br /> n <br /> direct that the roll be re-sread,ne <br /> set,etc. The soonest this could be done would be in March of 19B] <br /> which increase the total LID cost. limitary <br /> Councilman Stephenson asked 1P, at the time Of sthe pro <br /> the property owners a red that the <br /> assessment ould be werethe <br /> same could it be different and Mrs. <br /> Strongm Poiinted cut the Copy of the notice to the proseiementowner <br /> in <br /> the c 1 packet which plained that the fin9al <br /> ownld <br /> erswherethey a were said thespecifically also hno11 tified hof nthis withtheproperty <br /> ow anIn swer to a question from council, Ms Strong said because the <br /> thereproperty cannot be developed,city <br /> it is beach front property, <br /> there is no assessment to the city owner properties. <br /> Steve Gaidos ofa Harper McLean Compay, said beginning in 1985 the <br /> nstxuct3on funds re pxovidetl by short-term ax ex mat financing <br /> instruments known aseSony Anticipation Notes. He then explained the <br /> rotesPor aellin o Tax Exempt Bonds which would be for the amount <br /> sP thesassess 11 after the prepayment period. <br /> 1 <br /> ' i <br />