16899M = = M M M
9
M M M M M M M M M
ORDINANCE NO. 16,899
194
AN ORDINANCE APPROVING THE DISSOLUTION OF WEST MARKHAM
SEWER IMPROVEMENT DISTRICT NO. 146 OF LITTLE ROCK,
ARKANSAS; AND PRESCRIBING OTHER MATTERS PERTAINING
THERETO.
WHEREAS, the sole Commissioner of the West Markham Sewer
Improvement District No. 146 of Little Rock, Arkansas, (the
"District ") has determined that all bonds, notes or other evidences
of indebtedness, plus all interests thereon, have been paid in
full; and
WHEREAS, said Commissioner has further determined that the
District has fully accomplished the purposes for which it was
formed and has fully completed the construction of the improvements
which it has undertaken; and
WHEREAS, title to and control of the facilities constructed by
the District have been taken over and assumed by the City of Little
Rock, which formed the District; alid
WHEREAS, said Commissioner has adopted a Resolution to wind up
the affairs of the District and cause the District to be dissolved
according to the provisions of the laws of the State of Arkansas;
NOW, THEREFORE, BE IT ORDAINED by the Board of Directors of
the City of Little Rock, Arkansas, as follows:
Section 1: The dissolution of West Markham Sewer
Improvement District No. 146 of Little Rock, Arkansas, by the
Commissioner is hereby approved.
Section 2: All future levies and assessments of the
District have been canceled and the Commissioner is hereby relieved
from further duties.
Section 3: The law firm of Wright, Lindsey & Jennings,
attorneys to the District, is hereby authorized and directed to
convert all assets of the District into cash and thereafter to pay
all debts of the District from such funds.
Section 4: The remainder of such surplus funds shall be
refunded pro rata to the property owners who hold title to the
property in the District at the time the refund is made. Said
refund shall be made on the basis of the most recent reassessment
of benefits, and shall be in the same proportion that the assessed
benefits of such individual parcel of property, bears to the total
assessment of benefits in the District, except that no property
owner whose property is delinquent in any sum for District
assessments shall be counted in calculating the refund amount, or
receive any portion of such refund.
M M M M M M M M
M M M M
0
195
Section 5: The attorneys for the District are hereby
authorized and directed to file a copy of the Resolution dissolving
the District and a final financial statement of the District
verified by all Commissioners, in the office of the City Clerk of
the City of Little Rock, Arkansas, within ninety (90) days of the
date of final distribution of the District's funds in accordance
with the provisions hereof.
PASSED: June 6 , 1995.
CITY OF LITTLE ROCK, ARKANSAS
By: Ul Ul
M V r Jim DAiley
ATTEST:
BQQ-9,.a J'A1 r�
City Clerk Robbie Hancock
j:mhk3158.065