14315ORDINANCE NO. 14,315
AN ORDINANCE ASSESSING THE VALUE OF BENEFITS TO
BE RECEIVED BY THE OWNERS OF EACH OF THE SEVERAL
BLOCKS, LOTS AND PARCELS OF LAND WITHIN WATER PIPE
LINE IMPROVEMENT DISTRICT NO. 136 OF LITTLE ROCK,
ARKANSAS.
WHEREAS, a majority in value of the property holders own-
ing real property adjoining the locality to be affected and
situated in Water Pipe Line Improvement District No. 136 of
Little Rock, Arkansas, organized for the purposes of con-
structing within the district a water pipe line distribution
system to serve the inhabitants of said district and con-
structing a water pipe line beyond the boundaries of the
district, if necessary, to make the desired connection
with the water distribution system of Little Rock, Arkansas,
have petitioned the Board of Directors of the City of Little
Rock, Arkansas, for construction of said improvement and
that the cost thereof shall be assessed upon the real property
of said district according to the benefits received; and
WHEREAS, said benefits received by each and every block,
lot and parcel of real property situated in said district
equal or exceed the local assessment thereof; and
WHEREAS, the estimated cost of said improvement is
$ 500,000.00
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the several blocks, lots and parcels
of real property situated in Water Pipe Line Improvement
District No. 136 of Little Rock, Arkansas, be assessed
according to the assessment list for said improvement dis-
trict as the same now remains in the office of the City
Clerk and that the assessment of benefits on each of said
blocks, lots and parcels shall be collected by the Pulaski
County Collector in successive annual installments of four
percentum (4%) each, with the first annual installment to
be collected on or before February 16, 1983 .
10
SECTION 2. The second and subsequent annual installments,
each in the amount aforesaid, shall be paid with the first in-
stallment of general taxes becoming due on the third Monday in
February of each calendar year beginning in 198 4 until the
whole of said assessment of benefits shall be paid; provided,
however, such annual payments may, at the option of the tax-
payer, be paid in installments along with the installments of
the ad valorem taxes.
SECTION 3. This ordinance shall be in full force and
effect from and after its passage.
PASSED: September 21 , 1982.
APPROVED:
ayor
ATTEST:
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