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HomeMy WebLinkAbout11156ORDINANCE NO. 11., 1.56 An Ordinance Assessing the Benefits to Be Received by the Owners of Each of the Several Lots, Blocks and Parcels of Land within Street Improvement District No. 624 of Little Rock, Arkansas. WHEREAS, the majority of two- thirds in value of the property owners owning property adjoining the locality to be affected and situated in Street Improvement District No. 624 of Little Rock, Arkansas, organized for the purpose of grading, curbing, guttering and paving Cleveland Street from the north line of "H" Street to the south pavement line of "Klt Street as therein set out, have petitioned the Board of Directors of the City of Little Rock, Arkansas, for the construction of said improvement, and that the cost thereof be assessed upon the real property of said district according to the benefits received; and WHEREAS, said benefits received by each and every block, lot and parcel of real property situated in said district equals or exceeds the local assessment thereon; and WHEREAS, the estimated cost of said improvement is $16.,000.00; now, therefore., Be it Ordained by the Board of Directors of the City of Little Rock, Arkansas: Section 1. That said several blocks, lots and parcels of real property in said district be assessed according to the assessment list for said improvement district as the same now remains in the office of the City Clerk or as it may here- after be changed, and that five per cent (5%) of the assessment on each of said blocks, lots and parcels shall be collected by the County Collector with the first installment of general taxes becoming due in 1962 and five per cent (5 %) of the assess- ment shall be collected annually thereafter with the first installment of the general taxes until the whole of said local assessment shall be paid. Section 2. This ordinance shall take effect and be in force from and after its passage. oc -? lwi'� Passed.* February 20 , 1961. ATTEST: ity Clerk -2- APPROVED: ///,/, kayor