HomeMy WebLinkAbout14301ORDINANCE NO. 14.301 370
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
LITTLE ROCK MUNICIPAL IMPROVEMENT DISTRICT NO. 138.
WHEREAS, a majority in value of the property holders owning
property adjoining the locality to be affected and situated in
Little Rock Municipal Improvement District No. 138, organized
for the purposes of (i) constructing within the District a
sanitary sewer collection system to serve the inhabitants of
said District and constructing a sanitary sewer line beyond the
boundaries of said Sewer District, if necessary, to make the
desired connection with the sanitary sewer system of
Little Rock, Arkansas, (ii) opening, grading, draining and
paving (including curbs and gutters) a street called East Port
Drive and providing access thereto from Fourche Dam Pike,
(iii) constructing a water pipeline distribution system and
connecting the same with the system of Little Rock and (iv)
installing a 4 inch gas main and connecting the same to the
Arkansas - Louisiana Gas distribution system, have requested the
Board of Directors of the City of Little Rock, Arkansas, for the
construction initially of that part of the foregoing
improvements consisting of widening Fourche Dam Pike at the
entrance to East Port Drive and constructing said entrance,
extending a 12 inch water main under the pavement to connect
with the Little Rock system, and constructing the sewer outfall
line and that the cost thereof shall be assessed upon the real
property of said District according to the benefits received; and
WHEREAS, the benefits received from said construction by
each and every block, lot and parcel of real property situated
in said District equal or exceed the local assessment thereof;
and
371.
WHEREAS, the estimated cost of said improvement is Ninety
Thousand Dollars ($90,000.00);
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the several blocks, lots and parcels of
real property situated in Little Rock Municipal Improvement
District No. 138, be assessed according to the assessment list
for said Improvement District as the same now is on file in the
office of the City Clerk and that the assessment of benefits on
each of said blocks, lots and parcels shall be collected by the
Pulaski County Collector in successive annual installments of
four percentum (4%) each, with the first annual installment to
be collected on February 15, 1983.
SECTION 2. The second and subsequent annual installments,
each in the amount aforesaid, shall be paid with the first
installment of general taxes becoming due on the third Monday in
February of each calendar year beginning in 1984 until the whole
of said assessment of benefits shall be paid; provided, however,
such annual payments may, at the option of the taxpayer, be paid
in installments along with the installments of the ad valorem
taxes.
SECTION 3. The collection of the annual installment may be
suspended in whole or in part for any year upon the filing by
the Commissioners of the District, with the County Collector by
December 1 of the preceding year, of a certificate reciting the
amount of funds available to meet debt service requirements of
the bonds of the District and, if necessary to provide
additional funds therefor, certifying the percentage of the next
annual installment on the amount of benefits necessary to be
collected.
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SECTION 4. This Ordinance shall be in full force and effect
from and after its passage.
PASSED: September 7 , 1982.
ATTEST:
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APPROVED:
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