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14728M M M ORDINANCE NO. 14,728 � r 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 VIMY RIDGE WATER IMPROVEMENT DISTRICT NO. 139 OF THE CITY OF LITTLE ROCK, ARKANSAS; AND FOR OTHER PURPOSES. M M r M WHEREAS, a majority in value of the property holders owning property adjoining the locality to be affected and situated in Vimy Ridge Water Improvement District No. 139 of the City of Little Rock, Arkansas, organized for the purposes of constructing within the District a water system to serve the inhabitants of said district and constructing a water line beyond the boundaries of the said water district, if necessary, to make the desired connection with the water system of Little Rock, Arkansas; said purposes to be accomplished in the manner and of the materials that the commissioners of the District shall deem to be in the best interest of the District, and the cost thereof to be assessed upon the real property of the District according to the benefits received; and WHEREAS, the Board of Directors has established the District to accomplish the above purposes by passing Ordinance No. 14699 of the ordinances of the City on July 3, 1984; and WHEREAS, the Commissioners of the District have made and filed plans for the improvements with the City Clerk and have reported to the Board of Directors the estimated cost of the improvements; and WHEREAS, the assessments have been duly made by the Board of Assessors of the District, who were appointed by the Board of Directors, and filed in the office of the City Clerk pursuant to law, and notice of such filing was duly published in the Arkansas Democrat, a newspaper published in and of general circulation in the City of Little Rock, Arkansas, on the 11th day of August, 1984; and e M M M WHEREAS, protest of the assessments have been received from James F. Lee, Veryle V. Green, and the Missouri Pacific Railroad; and by Ordinance No. 14727 of the ordinances for the City of Little Rock passed this day, the property of Green was deleted from the district; and WHEREAS, the benefits received by each and every block, lot and parcel of real property situated in the District equal or exceed the local assessment thereon; and WHEREAS, the estimated cost of the improvement to the District is $1,500,000.00. WHEREAS, the assessed benefits amount to $4,162,420.00. NOW, THEREFORE, BE IT ORDAINED by the Board of Directors of the City of Little Rock, Arkansas; Section 1. That each of the blocks, lots and parcels of real property in the District be assessed according to the assessment list of the District as the same now remains in the office of the City Clerk, and that five (5) percent of the assessment of each of the blocks, lots and parcels shall be collected by the County Collector with the first installment of general taxes becoming due in the year 1987 and annually thereafter with the first installment of general taxes until the whole of the local assessment shall be paid. Section 2. That all ordinances and resolutions and parts thereof in conflict herewith are hereby repealed to the extent of such conflict, and this Ordinance shall be in full force and effect from and after its passage. PASSED: August 21, 1984. ATTEST: CI RK , (SEAL) 0403E -6 APPROVED: i M ' Fir 2 27