The City of Cole is installing a lighting system in the Harvey Subdivision which is considered to be a major general government capital project for the city The system is being financed by levying 500000 of special assessments on benefited property owners and transferring 750000 in the next year from the General Fund 100000 of these assessments were due and collected during the current year Also as of the end of the fiscal year the city had incurred expenditures of 750000 on the project