13086' T
ORDINANCE NO. 13,086
AN ORDINANCE ESTABLISHING TWIN LAKES
RECREATIONAL AREA IMPROVEMENT DISTRICT
NO. 1 OF LITTLE ROCK, ARKANSAS.
WHEREAS, parties claiming to be the owners of a majority in
assessed value of the real property located within the territory here-
inafter described have filed a petition praying that an improvement
district be established for the purpose hereinafter set cat; and
WHEREAS, after due notice as required by law, the City Board
of Directors of Little Rock, Arkansas, has heard all parties desiring
to be heard and has ascertained that said petition was signed by a
majority in assessed value of the owners of real property within said
territory; now, therefore,
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS:
SECTION 1. There is hereby established an improvement district
embracing the following property in the City of Little Rock, Arkansas,
to -wit:
A part of the NE-14 and the SE4 of Section 10, T1N,
R13W, Pulaski County, Arkansas, more particularly des-
cribed as:
All of Sections E, F, and G, Twin Takes Subdivision,
consisting of Lots 274 to 350, inclusive, (Section E),
Lots 351 to 469, inclusive, (Section F), and Lots 470 to
513, inclusive, 513 -A and 514 to 576, inclusive, (Section
G), containing 85.1 acres, more or less;
Also a portion of the NE4 and the SE4 of said Section
10 not platted into Twin Lakes Subdivision, more particularly
described as;
Beginning at the NE corner of the SE4 of said Section
10, thence S 890 37' E 639.19 feet to the north boundary of
Section "G ", Twin Lakes Subdivision, thence along -said north
boundary as follows: N 760 37' W 403.22 feet, thence N 450
37' W 330 feet, thence N 630 37' W 300 feet, thence N 520 37'
W 300 feet to the intersection with the south boundary of
Section "F ", Twin Lakes Subdivision; thence along said south
boundary as follows: N 840 23' E 250 feet, thence N 700 23'
E 270 feet, thence N 890 54' E 627.1 feet to the East line of
4
the NEB of Section 10, T1N, R13W, thence S 890 37' E 116.9
feet along said east line to the point of beginning, contain-
ing 11.79 acres, more or less;
for the purpose of constructing recreational facilities, improving and
extending the recreational area located and to be located on the last
above described tract of land and other facilities thereon pertaining
to the construction, maintenance, and utilization thereof; for the
purpose of maintaining, repairing, and operating such improvements;
and for the purpose of acquiring by gift, purchase, lease, or the
exercise of its right of eminent domain by condemnation the necessary
lands for the rights -of -way, easements and fee interests to accomplish
the improvements as herein described; all in such manner and with such
materials as the commissioners to be elected for said improvement
district shall deem to be for the best interest of said district; and
that the cost of constructing the above described improvements and
expenses necessary and incidental thereto be assessed and charged upon
each of the above described lots in Sections E, F, and G of Twin Lakes
Subdivision and collected in annual installments thereof, not to exceed
$48 per lot, with the first installment of the general taxes each year
for not more than 15 years; and that the cost of maintaining, operat-
ing and keeping in repair said improvements after completion, and
expenses necessary and incidental thereto, be assessed and charged
upon each of the above described lots in said Sections E, F, and G of
Twin Lakes Subdivision and collected in annual installments thereof,
not to exceed $24 per lot, with the first installment of general taxes
each year and to continue so long as said improvements are operated as
a recreational area for the benefit of the owners and residents of
said lots.
SECTION 2. The life of the district shall be prolonged and
continued after the completion of the original improvements and the
indebtedness incurred for construction thereof has been paid in full,
for the purpose of maintaining, operating, making improvements, and
keeping such improvements in a good state of repair so long as said
recreational area and facilities are used as such for the benefit of
the owners and residents of the above described lots, which main-
tenance, operation, improvements, and repairs shall be made and
undertaken in such manner as the commissioners shall deem to be for
the best interest of the district at an estimated cost of $7,200
annually, and that the cost of such maintenance, operation, improve-
ments, and repairs be assessed and charged upon the above described
lots in said Sections E, F, and G of Twin Lakes Subdivision and col-
lected in annual installments thereof, not to exceed $24 per lot, with
the first installment of the general taxes each year as provided above.
In the event the annual expense of such operation, maintenance, im-
provements, and repairs shall because of inflation or other causes
exceed the annual income of the assessment authorized above, said
assessment of benefits may be readjusted as presently provided by
law.
SECTION 3. Said district shall be known as "TWIN LAKES
RECREATIONAL AREA IMPROVEMENT DISTRICT NO. 1 OF LITTLE ROCK,
ARKANSAS," and Joseph E. Gardner, Cecil R. Henderson, and David E.
Cornell are hereby named Commissioners, who shall compose the Board
of Improvement for said district.
SECTION 4. This ordinance shall take effect and be in force
from and after its passage.
PASSED September 2 , 1975.
APPR?VED:
ATTEST:
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City Cler