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<br />BASIS FOR ASSESSING REFUNDS <br /> <br />PUBLIC HEARING <br />FOR <br />MORNINGS IDE NORTH ADDITION PRO RATA <br />WATER AND SEWER LINE EXTENSION PROJECT <br /> <br />NOVEMBER 5, 1987 <br /> <br />1. The Pro Rata Share of cost for properties located <br />adjacent to and served by the project shall be based <br />upon the ratio of the area desiring service divided by <br />the total service area multiplied by the total cost. <br /> <br />Total service area = 73 acres. <br /> <br />Total Estimated Cost for <br />Sewer Improvements <br /> <br />= <br /> <br />$75,000. <br /> <br />Estimated Price per <br />square foot for sewer <br />improvements <br /> <br />= <br /> <br />$ .0236 <br /> <br />Total Estimated Cost for <br />Water Improvements <br /> <br />Estimated Price per <br />square foot for water <br />improvements <br /> <br />= <br /> <br />$57,500. <br /> <br />= <br /> <br />$ .0181 <br /> <br />EXHIBIT "A" <br />