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5/11/2010 <br />Proposed City Financial Assistance Plan <br />- City completes installation of sewer main and portion of lateral to <br />the back of sidewalk <br />- Property owners given a period of time (six months) to connect to <br />new lateral <br />- Property owner gets three contractor bids to install and connect <br />building to new lateral <br />- Property owner hires contractor and has work performed <br />- City loans property owner amount of lowest bid for a maximum <br />period of five years at the prevailing interest rate on proof of <br />completed work <br />- City could take action on properties that fail to reconnect <br />Questions /Discussion <br />15 <br />