UTILITY SPECIAL ASSESSMENT DISTRICT

INFORMATION SHEET

TIMBERLAND TERRACE SUBDIVISION

PHASE II

This petition proposes a utility special assessment district (USAD) be formed for the purpose of providing natural gas to the Timberland Terrace, Phase II subdivision. A map showing the proposed route and the parcels to be assessed is attached.

The project proposes to lay approximately 6,320 feet of gas line. The estimated project cost is $58,515 (Enstar's cost of $51,255 plus the Kenai Peninsula Borough's cost of $7,260). The proposed method of cost allocation is by equal assessment to each of the 18 benefited parcels. The allocated cost per parcel is estimated at $3,250.83.

This cost will be assessed in the form of a lien on the benefited parcel. It will be payable over a ten (10) year period. At your option, it may be paid at any time prior to the ten (10) year period. Failure to pay the assessment will be cause for foreclosure proceedings.

Be advised that any replats of parcels that are approved and recorded prior to the final assessment could cause a change in the cost allocated to each benefited parcel.

This petition proposes to assess 100% of the benefited parcels. In order to qualify, the petition must have more than 70% of the property owners within the proposed district approving the project. Approval is signified by properly signing the petition signature page. Failure to secure approval of more than 70% of the parcel owners within the proposed district will cause the petition to fail.

All signatures must be dated and the petition must be filed with the office of the Borough Clerk within thirty (30) days of the date of the first signature in order to be included in the calculation of the required percentages.

No property owner may withdraw his/her approval of the improvement for a period of six (6) months after the filing of this petition. (This shall not preclude the owner(s) from filing an objection as provided in KPB 5.35.110(D).

A non refundable filing fee of $1,000 must be paid at the time of submission of this petition. (This filing fee is for the whole project, not a per parcel fee.)

An additional sum of $5,674.48 must be submitted prior to adoption of the resolution to proceed with the construction of the improvement. This sum reflects the total amount by which three (3) lots within the proposed USAD exceed the assessed value-to-special assessment ratio set forth in KPC 5.35.070(C). These parcels and the required prepayment amounts are as follows:

TAX PARCEL # 055-251-03 $580.16

TAX PARCEL # 055-257-09 $2,547.16

TAX PARCEL #055-257-14 $2,547.16

Be advised that this USAD will require the acquisition of easements. If Enstar is unable to acquire the easements the gas line may not be installed. Any prepayment of the assessment for individual parcels will be returned in the event the easements cannot be acquired and the gas line is not installed, however, the non-refundable filing fee will not be returned.

This petition consists of the following documents: 1) this information sheet, 2) a map of the geographic area encompassing the benefited parcels, 3) Enstars commitment letter to construct the gas line, dated April 6, 2000, 4) the petition signature page, and 5) a list of the benefited parcels in the proposed USAD detailing each respective parcels tax identification number, legal description, assessed value, estimated charge for the benefit, and the name(s) and addresses of the parcel owners.

Only the page requiring your signature(s) needs to be returned.

Questions regarding this petition may be referred to:

Petition Organizer(s):

Walt Arthur (907) 243 - 8088

Or

Clyde Johnson, Kenai Peninsula Borough USAD Coordinator (907) 262-4441 ext. 222 or 1-800-478-4441 within the Borough