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JUN 14 1091 BOOK PAGE 5 17 a petition from 81 lot owners who want county water in their homes. The assessments cover the total cost of the construction of the distribution system, which is estimated at $827,825. The approximate boundaries of the project are 12th Street to the north, 8th Street to the south, 43rd Avenue on the west and 27th Avenue to the east. Administrator Chandler noted that in addition to considering the assessment methodologies, we will be exploring the feasi- bility of a more flexible plan for payment of the assessments, such as 10 years at 9-3/4o instead of the current payment plan of 2 years at 12%. However, the main concern today is the method of assessing the lot owners. Three alternatives will be discussed this morning: square footage basis, front footage basis, and per unit basis. The Board reviewed the following memo and charts: DATE: JUNE 12, 1991 TO: HARRY E. ASHER - ASSISTANT DIRECTOR OF UTILITY SERVICES FROM: WILLIAM F. McCAIN CAPITAL PROJECTS ENGINEER DAN CHASTAINS MANAGER OF SAS ENT PROJECTS SUBJECT: ASSESSMENT ALTERNATIVES - PRO'S AND CON'S Attached is a summary of the pro's and con's of the three assessment alternatives. SQUARE FOOT BASIS ro's: 1. Most equitable in commercial and industrial application; addresses what ultimate use of property could be; i.e., size of lot a size of building. 2. Addresses house size to lot size in providing adequate pressure for fire flow and consumption; i.e., larger home needs potentially more flow and pressure. 3. Equitable in regard to lot size; the larger the lot, the more pipe constructed across front (generally). Con 's: 1. Some smaller homes on large-sized parcels of land (with perhaps good intentions) may feel they are not being treated equitably. 2. Doesn't address current Agricultural, for example). land use (possibly existing 4