3748W1 OVA
ORDliWi CE ivO . 3740.
An Ordinance assessing the Value of t':Ze Benefits to be Received
By the Owners of Each of the Several Blocks, Lots and Parcels
of Land Wit'zin Street Improvement District No. 409, of the
City of Little Rock, Arkansas.
WriERr;AS, A majority in value of the prole rty owners owning
property adjoining the locality to be affected and situated
within Street Improvement District No. 409 of the City of Little
Rock., Arkansas, organized. for the purpose of making local im-
provements therein by paving Van Buren Street from the South line
of Club Road to the North line of "T" Street, and "T" Street from
Van Buren Street to the East line of Country Club Heights Addi-
tion, and making local improvements b`r grading, draining, curb-
ing, guttering, and graveling Van Buren Street from the North
line of "T" Street to a point One Hundred Fifty ( 150) Feet North
of the North line of the Forbes Place Addition, Jackson Street
from "T" Street to the North line of Newton's addition, Spruce
Street, Palm Street, beech Street and Ash Street from "T" Street
to the North line of Country Club Heights Addition, and "U" Street
from Van Buren Street to Jackson Street, have petitioned the City
Council of Little Rock, for the construction of said improvement
and t'_zat the cost thereof shall be assessed upon the real proper-
ty within said district according to the benefits received; and,
WHERI!Eh6, Said benefits received by each and every block, lot
and parcel of real property situated within said District equals
or exceeds the local assessment thereon; and,
WHEREAS, The estimated cost of said improvement, exclusive of
interest is Fifty -Eight Thousand ($58,000.00) Dollars;
`HhhEFOkE, It is now Ordained by the City Council of the City
of Little Rock, Arkansas:
Section 1. That said several blocks, lots and parcels of
real )roperty in said Street Improvement District No. 409 be and
they are hereby,* assessed according to the assessment list for
said improvement district as the same now remains in the office of
the City Clerk of the City of Little Rock, and as the same may be
annually readjusted bzr the Boa-, d of Assessors, and that nine (9i0
percentum of said assessment of value of benefits of each of
said blocks, lots and parcels of land shall be paid annually for
the next succeeding six (6) years, on or before the 20th day of
April of each year, untj.l fifty -four, ( 54;0) percentum shall have
been paid; that thereafter eight (B a) percentum of said assess-
ment of value of benefits shall be paid annually for the next
succeeding two (2) ,years and that seven (7ja) percentum of said
assessment of value of benefits shall be paid on the next and
succeedirg ninth year; and that six (6c) percentum of said assess-
ment of value of benefits shall be paid on the final and succeed-
ing tenth ,year, o- , altogether, until a total of eighty -three
(83 %) percentum of said assessment of value of benefits shall
have been paid. The first annual payment shall be made on or
before the 20th day of April, 19250
Section 2. That all ordinances or parts of ordinances in
coY)fli ct are hereby repealed and this ordinance shall be in full
force and effect front and after its passage.
Passed ; Ma.reh_5[ , 19_25.
proved:
- ttest:
�, _ ivia -TOr
Cit erk.