HomeMy WebLinkAbout17401w■ w� w w � w � � w w � w w� �w
ORDINANCE NO. 17,401
166
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 PECAN LAKE
RECREATIONAL IMPROVEMENT DISTRICT NO. 4 OF LITTLE
ROCK, ARKANSAS; AND DECLARING AN EMERGENCY.
WHEREAS, a majority in value of the property holders owning property adjoining
the locality to be affected and situated in Pecan Lake Recreational Improvement District
No. 4 of Little Rock, Arkansas (the 'District "), organized for the purposes of
constructing, operating, supervising, maintaining and replacing within the District,
recreational and common areas and facilities related thereto including, but not limited to,
green areas, landscaped areas, playground facilities and other improvements necessary or
desirable to enhance the use and benefits of such areas and improvements (the
"improvements "), as more fully described in the Petition for the formation of the District,
have petitioned the Board of Directors of the City for the construction of the
improvements and that the cost thereof shall be assessed upon the real property of the
District according to the benefits received; and
WHEREAS, the District has been established by Ordinance No. 17,310 of the City
of Little Rock, Arkansas (the "City"), passed and approved November 7, 1996; and
WHEREAS, the assessments have been duly made by the Board of Assessors of
the District and filed in the office of the City Clerk pursuant to law, and notice of such
filing was duly published in a newspaper of general circulation in the City on the 22nd day
of January , 1997; and
WHEREAS, the benefits received by each block, lot and parcel of real property
situated in the District equal or exceed the local assessment thereon; and
WHEREAS, the estimated annual costs of the improvements to the District is
$10,000 and the assessed benefits are in excess of that amount;
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 two percent (2 %) of the assessed benefit
of each of the blocks, lots and parcels shall be collected by the County Collector of Pulaski
County, Arkansas, with the first installment of general taxes becoming due in the year
1997 and annually thereafter with the first installment of general taxes until the whole of
the local assessment shall be paid or until the assessments of the District are no longer
levied. Provided however, the District being a recreational improvement district, annual
1
16'7
maintenance will require perpetual assessments until the District's Board determines
otherwise.
As provided in Arkansas Code of 1987 Annotated § 14 -90 -801, collection of
annual installments may be suspended, in whole or in part, to the extent set forth in a
certificate of the commissioners of the District filed with the County Collector of Pulaski
County, Arkansas, on or before December 1 of the year for which such suspension shall be
effective.
Section 2. That all ordinances and resolutions and parts thereof in conflict
herewith are hereby repealed to the extent of such conflict.
Section 3. That the improvements are essential to the continued growth and
well -being of the City and can be accomplished only by the assessment effected hereby.
Therefore, an emergency is declared to exist and this Ordinance, being necessary for the
preservation of the public peace, health and safety, shall be in force upon its passage and
approval.
PASSED: February 18 1997.
ATTEST:
� APPROVED:
[d Li- � &cL VWAC/ �
�
City Clerk Robbie Hancock Vice Mayor Michael Keck
(SEAL)
cXwinvmrd\}m,\pe \mdo 2.dm