6.1. SR 06-09-2003 - Laserfiche WebLink

Home Browse Search

$12,000, which is significantly cheaper than the $17,500 assessment being proposed. This assessment does not include the $3000 ($1500 water and $1500 sewer) out-of- pocket cost to hook up to these systems. In addition to those fees each family would have to hire a contractor to run the pipes from the street to their homes, which could run $1000 to $2000 or more. Furthermore, there are the monthly fees for having these services in our homes. This is typically around $100+ a month ($1200+ per year) for a two-bathroom home. The cost of having a septic tank pumped out is around $150 every 2 years. The City has agreed to finance the assessments for each family at $125/month for 20 years or $181.5/month for 15 years. We would have two years to hook up to city sewer and water, which means we would need to save about $5000 in two years to pay for the hook up. That comes to $208/month. For the first two years, after the city completes the project, each family would need to pay/save $333 or $389 a month, depending on the term ofthe loan. This brings me back to the topic of the recession. In a time when money is tight for the Country, State, City and each individual family, it is hard for me to understand why the City is looking to add up to $389 to our monthly payments over the next 2 years and up to $260+ for the remaining 15 years. 4) The difficult task for the City Council Members is to come to a decision that is fair and equitable for all members ofthis neighborhood. Since it has not been proven to me that this "improvement" is necessary, I suggest that the City Council reject this proposal and look for another solution. I am not going to be the type of person that only says what not to do, I have also thought of what can be done. I propose that the City offer a loan, much like the proposed assessment loans, to the homeowners with