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<br />378; containing in all 84.81 acres, more or less; recorded in Plat Book 6, Pages 14 <br />and 15 in the office of the Recorder of Deeds ofSt. Louis County, Missouri. <br /> <br />9. The proposed method of assessment of real property within the proposed <br />neighborhood improvement district is for the improvement cost to be assessed <br />against all property equally per front foot; except that 6801,6901,6925,6939, <br />6951,6955,6965, and 6975 Delmar, and 809, 810, 813, and 817 Yale, are to be <br />assessed at 65% of such amount per front foot, because the sidewalks and streets <br />in front of the Delmar properties are maintained by St. Louis County and there are <br />no sidewalks in front of the Yale properties. It is estimated that the cost per front <br />foot will be $21.60 for all properties except the Delmar and Yale properties, <br />which will be $14.04. Further, properties located on a comer will be assessed <br />based only on the number of front feet on that side of the property that bears the <br />street number. <br /> <br />10. The proposed improvement is advisable, necessary and in the public interest. <br /> <br />BE IT FURTHER RESOLVED: That the final cost of the proposed improvement <br />assessed against the real property within the proposed neighborhood improvement district <br />and the amount of any general obligation bonds issued therefor shall not, without a new <br />petition or election, exceed the $425,000 estimated cost of such improvement by more <br />than 25% or $106,250, for a total of$531,250. <br /> <br />BE IT ADDITIONALLY RESOLVED: That the proposed neighborhood <br />improvement district is hereby established. Preliminary plans and specifications for the <br />proposed improvement are hereby ordered to be made. <br /> <br />Motion seconded by Councilmember Ricci and carried. <br /> <br />Adopted this 12th day of February, 2008. <br /> <br />I hereby certify that the above is a true excerpt from the minutes of the meeting of the <br />City Council held on the 12th day of February, 2008. <br /> <br /> <br />,..tI14""., <br />t, <br />. 1'. I'. <br />. '. ,_' (, ( t,,!! '. <br />_. ":J' ,.... I . . . . . . . <br /> <br />, . <br />" , <br />. . <br /> <br />17 i'. <br />(;:u.. - <br />\ 1 <br />';.. \ . .,- \ \ " <br />~~_:~~~M' .1 <br /> <br />. <br />. <br />. <br /> <br />. ' <br />. ... '.~' <br /> <br />_.J. , <br />. .-... <br /> <br />il ~. ' <br /> <br />. . <br />--.' . <br />, . <br />, -~. <br />. <br /> <br />, . <br />.) ..........c. <br /> <br />r.... <br /> <br />2 <br />