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2 RESOLUTION NO. 8,377 -- '
3 A RESOLUTION DISSOLVING MISSOURI
4 STREET IMPROVEMENT DISTRICT NO. 630
5
6 WHEREAS, the Commissioners of the Missouri Street
7 Improvement District No. 630 of Little Rock, Arkansas, (the
"District") have determined that all bonds, notes or other
$ evidences of indebtedness
plus all interest thereon, have been
9 paid in full; and
10 WHEREAS, said Commissioners have further determined that
11 the District has fully accomplished the purposes for which it was
12 formed and has fully completed the construction of the
improvements which it has undertaken; and
13 WHEREAS, title to and control of the facilities constructed
14 by the District have been taken over and assumed by the Wastewater
15 Utility of the City of Little Rock, Arkansas which City formed the
16 District; and
WHEREAS, said Commissioners have adopted a resolution to
17 wind up the affairs of the District and cause the District to be
18 dissolved according to the provisions of the laws of the State of
19 Arkansas; and
20 WHEREAS, said Commissioners have requested the Board of
21 Directors of the City of Little Rock, Arkansas, to adopt a .
resolution confirming the resolution of the said Commissioners and
22 granting the approval of the City Board for the dissolution of the
23 District;
24 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
25 THE CITY OF LITTLE ROCK, ARKANSAS AS FOLLOWS:
26 SECTION 1. The Missouri Street Improvement District No. 630
of Little Rock, Arkansas, has been dissolved by unanimous vote of
27 the Commissioners of said District in accordance with Arkansas
28 law.
29 SECTION 2. All future levies and assessments of the
30 District have been cancelled and the Commissioners are hereby
31 relieved from further duties.
SECTION 3. The law firm of Wright, Lindsey & Jennings,
32 attorneys to the District, is hereby authorized and directed to
33 convert all assets of the District into cash and thereafter to pay
34 all debts of the District from such surplus funds; and for such
35 services and expenses in winding up the affairs of the District
36 the above attorneys shall be paid a fee of $3,655.13 from such
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surplus funds. • • 34 1
SECTION 4. The remainder of such surplus funds, if any,
shall be refunded, pro rata to the property owners who hold title
to the property in the District at the time the refund is made.
Said refund shall be made on the basis of the most recent
assessment or reassessment of benefits on the parcel or parcels of
property prior to dissolution, and shall be on the same
proportion that the assessed benefits of each individual
parcel of property bears to the total of the assessed benefits of
all the property in the District, except that no property owner
whose property is delinquent in any sum for District assessments
shall be counted in calculating the refund amount, or receive any
portion of such refund.
ADOPTED: October 16, 1990
ATTEST:
Q11M it./
CI CLERK J CZECH
APPRO AS TO RM:
MARK STODOLA, CITY ATTORNEY
APPROVED:
r I r
MA R 0YD G. VILLINES, '/yI��/!I �I