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4383ORDINANCE NO. An Ordinance assessing the value of the benefits to be received by the owners of each of the several blocks, lots and parcels of land within Street Improvement District No. 504., V=1 REAS, more than a majority in value of the property owners adjoining the locality to be affected and situated within Street Improvement District No. 504, organized for the pur;)ose of making local improvements therein by grading, draining, paving with concrete and repairing or rebuilding or building curbs and gutters on the following described streets: Vernon Avenue from the south side of Markham Street to a line which is the boundary line between Lots Eleven X11) and Twelve (12) Block Seven (7), Young's Park Addition, extended across said avenue to the southwest corner of Lot Seventeen (17), Block Three (3), Young's Park Addition. Linden Street from the west Bide of Vernon 'Avenue to the east side of Pearl Street. such work to be done in such manner and with concrete and -such other materials as the commissioners may select, have petitioned the City Council of Little Rock for the construc- tion of said improvements and that the cost thereof shall be assessed upon the real property within said district, and according to benefits received, and 7MMAS. 1, said benefits received by each and 'bv'er block lot &rid parcel of `real � , p _ property situated within said district equals or exceeds the local assessment thereon; and, WIEREAS, the estimated cost of said improvement, exclusive of interest, is $16,411.67. THERECORE, IT IS NOW ORDAUED by the City Council of the City of Little Rock, Arkansas. Section 1. That the said several lots and parcels of real property in said Street Improvement Dis- trict No. 504 be, and they are hereby assessed according to the assessment 10►st for said improvement district, 3 _ � 'Tice. of .the .' ltd. -Bane , nov ,remains !n Y i .. f g of the City of . Little Rock, and as the same may be annually adjusted by.the Board of Assessors, and that five (5) percentum of said assessment of the value of benefits to each of said blocks, lots and parcels of 7yl land shall be paid on or before the first da - �a$elaer, 1 2 and on or before the first day of DSOOMbO of each ' and every year thereafterrt until the whold of said local assessment shall have been paid. Section 2. That all ordinances and parts of ordinances in cdnflict herewith are Hereby repealed and this ordinance shall be in full force and effect from and after its passage. Passed December 3 , .19Z . Attest: Y , Mav or