10698ORDINANCE NO. 10,698
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 SEWER IMPROVEMENT DISTRICT NO. 130 OF THE CITY OF
LITTLE ROCK, ARKANSAS.
WHEREAS, more than two- thirds in value of the property
holders owning property adjoining the locality to be affected
and situated in Sewer Improvement District No. 130 organized
for the purpose of constructing a sanitary sewer collection
system to serve the inhabitants of the area embraced within
said district and to connect said system with the basic sewer
system of the City of Little Rock, Arkansas, have petitioned
the Board of Directors of the City of Little Rock for the
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 equals
or exceeds the local assessment thereon; and
WHEREAS, the estimated cost of said improvement is THIRTY
THOUSAND DOLLARS ($30,000.00);
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. That said several blocks, lot -s 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 five percentum
(5 %) of the assessment of each of said blocks, lots and parcels
shall be collected by the County Collector on or before the 21st
day of April, 1958, and five percentum (5 %) of the assessment
shall be collected with the first installment of general taxes
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becoming due more than five (5) months thereafter and annually
thereafter with the first installment of general taxes until
the whole of said local assessment shall be paid; provided,
however, that after the payment of the initial installment
aforesaid, the annual assessment of benefits aforesaid may,
-at the - election of the taxpayer, be paid in quarterly install-
ments along with the quarterly installments of ad valorem taxes.
Section 2. This ordinance shall be in full force and
effect from and after its passage.
PASSED: January 6 , 1958.
ATTEST:
Aetfn__g__Aity Clerk
APPROVED:
Mayor