4820r=
li
ORDINANCE NO. AL2Q-
AN ORDINANCE ASSESSING TBL VALUE OF BE'1TITS TO BE RECEIVED BY
UIE Ov`,WERS OF LCyr OF THE SEVERAL LOTS AND PARCELS OF LIUM
''I 'IN SEVLM I,TROVEI� 4T DISTRICT N0. 1162 OF THE CITY OF
LITTLE ROCK, A.RKLNSAS, AND CORRECTING THE ESTI!.:hTED COST
OF SAID I.Il'ROVID ENT AND C!1.2'GD G THE AT.1MT OF TrIE AT NULL
ASSES�:"ENTS Oiv EACH OF SAID BLOCKS, LOTS ANTI PARCELS OF
LAItiTD IN SAID DISTRICT
1AHER7EAS, the rnaj or ity in value, and being a majority
of more than seventy five per cent (75o) in value, of the prop-
erty holders owning property adjoining the locality to be affec-
ted and situated in Sewer Improvement district ?'o. 116, of the
City of Little Rock, Arkansas, organized for the pur "ose of in-
stalling a stirsterrl of storm and sanitary sewers, including; all
necessary manholes, flush tanks, pipe lines and other outlets
and such disposal arrangements as may be necessary, and all other
work that may be necessary for the successful construction there-
of and for the purpose of extending said s;,,stem beyond the boun-
daries of the district for outlets at such points and in such
manner as may be found necessary; all of same to be located in
the places and to be of such material and dimensions, and to be
placed in such manner as the comrlissioners may deer. , for the best
have
interests of the district, and /petitioned the council of the City
of Little Rock, for the construction of said improvement, �.nd that
the cost thereof shall be assessed upon the real property of said
district, according to the benefits received; and,
VMMELS, 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, t',e estimated cost of said iz,2provement through
error and mistake has been heretofore stated to be Twenty -Two Thou -
sa� d Five Hundred Twenty -One and 29/100 ( :622 , 521.29) Dollars, exclu-
sive of interest charges, when in truth and in fact the true and
correct estimated cost of said iL- provement was and is the sum of
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Page 2 - Ordinance 4o. 4820
Twenty -Five Thousand Five Hundred 1.enty -One and 29/100 ('25,521.29)
Dollars, exclusive of interest charges; and,
THEREA5, Ordinance rvo. 4786 passed October 13th, 1930
assessed said several blocks, lots and parcels of real property in
said district according to the assessment list for said improve -
.cent district as the same now rei<,ins in the office of the City
Clerk of the City of Little mock, xxrkansas, and fixed the annual
assess-ent at five per cent (b%) on each of said blocks, lots and
parcels to be paid on or before the 15th day of January until the
whole of said assessment shall be paid; and,
it is deemed to be to the best interest of
owners
the said improvement district and thA property / of said ii.-.prove-
went district that said annual payments be chanr^ed from five per-
cent (50,"",) on eac:, of said blocks, lots and parcels of land in said
district to six per cent (6`) thereof;
THEREFORE, it is now ordained by the City Council of the
City of Little Rock, Urkansas, that said several blocks, lots and
parcels of real pro -perty in said district be assessed according to
the assessment list for said im1)r �roement district as the same now
remains in the office of the City Clerk of the City of Little mock,
.krkansas, and that six per cent (6;o) on each of said blocks, lots
and parcels shall be paid annually on or before the 15th day of
January, until the whole of saicA assessment shall be paid; that
all ordinances and parts of ordinances in conflict herewith be and
the same are hereby repealed and this ordinance shall be in force
and effect from and after its passage.
Passed: February 12, 1931.
Attest:
City Clerk.
Avnrove •�
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_._(yor.