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HomeMy WebLinkAbout4054v ORDINANCE N0. 4054. AN ORDINANCE ASSESSING THE VALUE OF TIM BENEFITS TO BE RECEIVED BY THE OWNERS OF EACH OF THE SEVERAL LOTS, BLOCKS, RAILROAD RIGHT OF WAYS, OR OTHER SUBDIVISIONS OF REAL PROPERTY WITHIN CURB & GUTTER IMPROVE - IMENT DISTRICT No 429 OF THE CITY OF LITTLE ROCK, ARKANSAS. WHEREAS, a majority in value of the owners of real property owning real property adjoining the locality to be affected and situated within Curb & Gutter Improvement District No. 429 of the City of Little Rock, Arkansas, organized for the purpose of making local improvements therein by grading, draining, curbing and guttering, in such manner and with such materials as the commissioners of said district shall determine to be for the best interests of the district,the streets set out in their petition, have petitioned the City Council of the City of Little Rock for the construction of said improvements and that the cost thereof shall be assessed upon the real property within said district according to the benefits received; and !J%MREAS, said benefits received by each and every lot, block, railroad right of way or other subdivision of real property within said district equals or exceeds the local assessment to thereon; and WHEREAS, the estimated cost of said improvements is $79 ,865.80; =I REFO RE , IT IS i.TO *Vl O IDAINEM BY THE CITY COUNCIL CF TEE CITY OF LITTLE ROCK, ARKANSAS: Section 1. That the said several lots, blocks, railroad right of ways or other subdivisions of real property within said Curh cC Gutter Improvement District No. 429 be, and they are, hereby assessed according to the assessment list for said improve- ment district, as the same now remains in the office of the City Clerk of the City of Little Rock and as the sane may be annually readjusted by the board of assessors, and that 6 2/3 per centum of said assessment of the value of the benefits of each of said lots, blocks, railroad right of ways or other subdivisions of real property within said district shall be paid annually on or before the first day of September of each year beginning September 18t, 1926 until the whole of said assessment shall have been paid Section 2. That all ordinances or parts of ordinances in conflict herewith are hereby repealed, and this ordinance shall be in full force and effect from and after its passage. Passed: June 28th, 1926. bpproved: Attest �erk.