HomeMy WebLinkAbout15216ORDINANCE NO. 15,216 425
AN ORDINANCE ASSESSING THE VALUE OF BENEFITS
TO BE RECEIVED BY THE OWNERS OF EACH OF
SEVERAL LOTS, BLOCKS, AND PARCELS OF LAND
WITHIN RIVER RIDGE POINTE STREET IMPROVEMENT
DISTRICT NO. 638 OF LITTLE ROCK, ARKANSAS;
AND FOR OTHER PURPOSES.
WHEREAS, a majority in value of the property holders owning
property adjoining the locality to be affected and situated in
River Ridge Pointe Street Improvement District No. 638 of Little
Rock, Arkansas, organized for the purposes of constructing
within the District waterworks or water pipes, sewers, streets
and sidewalks to serve the inhabitants of said district; to
maintain, repair and operate such new or existing facilities;
and for constructing water and /or sewer lines beyond the
boundaries of said District, including acquisition of any
required rights -of -way if necessary, to make the desired
connections with the water and /or sewer systems of Little Rock,
Arkansas, said purposes to be accomplished in the manner and of
the materials that the commissioners of the District shall deem
to be in the best interest of the district, and the cost thereof
to be assessed upon the real property of the District according
to the benefits received; and
WHEREAS, the Board of Directors has established the
District to accomplish the above purposes by passing Ordinance
No. 15,192 of the ordinances of the City on October 21, 1986; and
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WHEREAS, the Commissioners of the District have made and
filed plans for the improvements with the City Clerk and have
reported: to: -the - Board of Directors the - estimated cost of the
improvements; and
WHEREAS, the assessments have been duly made by the Board
of Assessors of the District, who were appointed by the Board of
Directors, and filed in the office of the City Clerk pursuant to
law, and notice of such filing was duly published in the
Arkansas Democrat, a newspaper published in and of general
circulation in the City of Little Rock, Arkansas, on the 22nd
day of November, 1986; and
WHEREAS, no protest of any assessment has been received; and
WHEREAS, the benefits received by each and every block, lot
and parcel of real property situated in the District equal or
exceed the local assessment thereon; and
WHEREAS, the estimated cost of the improvement to the
District is $ 932,100.00 .
WHEREAS, the assessed benefits amount to $3,201,927.
NOW, THEREFORE, BE IT ORDAINED by the Board of Directors of
the City of Little Rock, Arkansas;
Section 1. That each of the blocks, lots and parcels of
real property in the District be assessed according to the
assessment list of the District as the same now remains in the
office of the City Clerk, and that 5.45 percent of the
assessment of each of the blocks, lots and parcels shall be
collected by the County Collector with the first installment of
general taxes becoming due in the year 1987 and annually
thereafter with the first installment of general taxes until the
whole of the local assessment shall be paid. Of the 5.45
percent of the assessment collected each year of each of the
blocks, lots and parcels, $500 shall be allocated to maintenance
of the District's improvements, and the remainder allocated to
retirement of the District's proposed construction bonds.
Section 2. That all ordinances and resolutions and parts
thereof in conflict herewith are hereby repealed to the extent
of such conflict, and this ordinance shall be in full force and
effect from and after its passage.
PASSED: December 2 , 1986.
APPROVED:
MAYOR TOM PRIITUE
ATTEST:
Q141
C-IVt CLERK JAN# CZECH
(SEAL)
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