12108ORDINANCE NO. 129108
AN ORDINANCE ASSESSING THE VALUE OF BENEFITS TO BE
RECEIVED BY THE OWNERS OF EACH OF THE SEVERAL BLOCKS,
LOTS AND PARCELS OF LAND WITHIN WATER PIPE LINE IMPROVE-
MENT DISTRICT NO. 131 OF LITTLE ROCK, ARKANSAS.
WHEREAS, more than two - thirds in value of the property
holders owning property adjoining the locality to be affect-
ed and situated in Water Pipe Line Improvement District No.
131, organized for the purposes of constructing within the
district a water pipe line distribution system to serve the
inhabitants of said district and constructing a water pipe
line beyond the boundaries of the district, if necessary, to
make the desired connection with the water distribution system
of Little Rock, Arkansas, have petitioned the Board of Directors
of the City of Little Rock, Arkansas, for construction of said
improvement and that the cost thereof shall be assessed upon
the real property of said district according to the benefits
received; and
WHEREAS, said benefits received by each and every block,
lot and parcel of real property situated in said district equal
or exceed the local assessment thereon; and
WHEREAS, the estimated cost of said improvement is
$37,000.00;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. That said several blocks, lots and parcels of
real property in said district be assessed according to the
assessment list for said improvement district as the same now
remains in the office of the City Clerk and that f6ur percentum
(4%) of the assessment of each of said blocks, lots and parcels
shall be collected by the County Collector with the first
installment of general taxes becoming due on the third Monday
in February, 1969, and a like amount annually thereafter with
the first installment of general taxes until the whole of said
local assessment shall be paid; provided, however, the annual
assessment of benefits aforesaid may, at the election of the
taxpayer, be paid in quarterly installments along with the
quarterly installments of the ad valorem taxes.
Section 2. This ordinance shall be in full force and effect
from and after its passage.
PASSED: August 5 , 1968.
ATTEST:
City Clerk
APPROVED-
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