12964ORDINANCE NO. 12,964
AN ORDINANCE ASSESSING THE BENEFITS TO BE
RECEIVED BY EACH OF SEVERAL LOTS, BLOCKS,
AND PARCELS OF LAND WITHIN RIVERDALE LEVEE
IMPROVEMENT DISTRICT NO. 134 OF LITTLE ROCK,
ARKANSAS.
WHEREAS, a majority in value of the property owners owning
property adjoining the locality to be affected and situated in
Riverdale Levee Improvement District No. 134 of Little Rock, Arkansas,
organized for the purpose of constructing, relocating, improving,
maintaining and keeping in repair a system of levees, banks, ponds,
pumps and drainage in order to protect the territory in the District
from flooding and overflow, has petitioned the City Board of
Directors of the City of Little Rock, Arkansas, for the construction
of said improvements, and that the costs thereof be assessed upon
the real property of said District according to the benefits
received; and
WHEREAS, said majority in value of the property owners within
said District, as now organized, and adjoining the locality to be
affected, has petitioned the City Board of Directors of the City
of Little Rock, Arkansas, that the life of the District shall be
prolonged and continued, after the completion of the original im-
provements contemplated for the purpose of maintaining, making im-
provements thereto, and keeping such improvements in a good state
of repair, and that the costs of said maintenance, improvements and
repairs, including interest and costs of borrowed money, be assessed
upon the real property in the District according to the benefits
received; and
WHEREAS, said benefits received by each and every lot, block,
and parcel of real property situated in said District equals or
exceeds the local assessment thereon; and
WHEREAS, the estimated cost of said improvement is $375,000; Now
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS:
SECTION 1. That the said several lots, blocks and parcels of
real property in Riverdale Levee Improvement District No. 134 of
Little Rock, Arkansas, be assessed according to the assessment
list for said improvement district, as the same now remains or may
hereafter be changed in the office of the City Clerk, and that
five per centum (5 %) of the assessments on each of said lots, blocks,
and parcels shall be collected by the County Collector with the first
installment of the general taxes becoming due in 1975, and five per
centum (5 %) of the assessment shall be collected annually thereafter
with the first installment of the general taxes until the whole of
the local assessment shall be paid, and so long as maintenance and
repairs are necessary for the improvements by the District.
SECTION 2. This ordinance shall take effect and be in full
force from and after its passage.
PASSED September 17 , 1974.
APPROVED:
/ 9
MAYOR