15513M M M M
ORDINANCE NO. 15,513
AN ORDINANCE REASSESSING THE VALUE OF
BENEFITS TO BE RECEIVED BY THE OWNERS OF
EACH OF SEVERAL LOTS, BLOCKS, AND PARCELS OF
LAND WITHIN VIMY RIDGE WATER IMPROVEMENT
DISTRICT NO. 139 OF LITTLE ROCK, ARKANSAS;
AND FOR OTHER PURPOSES.
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 Little Rock,
Arkansas, organized for the purposes of constructing a water
system within the District to serve the inhabitants of said
district; to maintain, repair and operate such new or existing
facilities; and for constructing water lines beyond the
boundaries of said District, including acquisition of any
required rights -of -way if necessary, to make the desired
connections 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. 14,699 of the ordinances of the City on July 3, 1984; and
WHEREAS, the original assessment of benefits were prepared
by the Board of Assessment of the District and filed on
August 9, 1984, in the office of the City Clerk; and
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WHEREAS, the Board of Directors assessed the value of the
benefits to be received by the property owner in the District by
virtue of the improvements to be constructed by the District,
and levied a tax thereon, by Ordinance No. 14,728, adopted on
August 21, 1984; and
WHEREAS, the Commissioners of the District have constructed
the improvements in accordance with the plans filed with the
City Clerk; and
WHEREAS, the annual reassessments 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 3rd day of July, 1988; and
WHEREAS, no protest of any reassessment has been received;
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 cost of the improvements to the District was
$1,500,000.
WHEREAS, the reassessed benefits amount to $4,251,580.
NOW, THEREFORE, BE IT ORDAINED by the Board of Directors of
the City of Little Rock, Arkansas;
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Section 1. That each of the blocks, lots and parcels of
real property in the District be reassessed according to the
assessment list of the District as the same now remains in the
office of the City Clerk, and that 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 1989 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: July 19, 1988.
ATTEST:
CI CLERK JANE CZECH
(SEAL)
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APPROVED:
ASSISTA T MAYOR F. G. VILLINES
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