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ORDINANCE NO. 3225.
AN ORDINANCE ASSESSING THE VALUE OF TIP, BENEFITS
TO BE RECEIVED BY THE OWNERS OF EACH OF THE SEVERN
LOTS, BLOCKS, PARCELS, RAILROAD RIGHT -OF -WAYS OR
OTHER SUB - DIVISIONS OF REAL PROPERTY WITHIN STREET
IMPROVEMENT DISTRICT N0. 548 OF THE CITY OF LITTLE
ROCK, ARKANSAS.
AREAS, a majority in value of the owners of real pro-
perty owning real property adjoining the locality to be affected
and situated within Street Improvement District No. 348 of the
City of Little Rock, Arkansas, organized for the purpose of mak-
ing local improvements therein by grading, draining, curbing,
guttering and paving 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 peti-
tion, have petitioned the City Council of the City of Little Rock
for the construction of said improvement and that the cost thereof
shall be assessed upon the real property within said District ac-
cording to the benefits received; and
WHEREAS, said benefits received by each and every lot,
block, parcel, railroad-right-of-way or other sub - division of
real property situated within said district equals or exceeds
the local assessment thereon; and
WHEREAS, the estimated cost of said improvement is $6990805
THEREFORE, IT IS NOW ORDAINED BY THE CITY COUNCIL OF THE
CITY OF LITTLE ROCK, ARKAYSAS :
SECTION 1: That the said several lots, blocks, parcels,
railroad right -of -ways or other sub - divisions of real property
within said Street Improvement District No. 348 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
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Clerk of the City of Littl(, Rock, as the same may be annually
readjusted by the Board of Assessors, and that nine per centum
(9%) of said assessment of the value of the benefits of each of
said lots, blocks, parcels, railroad right -of -ways or other sub-
divisions of real property in said district shall be paid annually
ugus t
on or before the 15th day ofe of each year until the whole of
said assessment shall have been paid. The first annual payment
Ausrus t
shall be made on or before the 15th day of 1923.
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in conflict herewith are hereby repealed and this ordinance shall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 11th, 1923.
Approved:
t
Mayor
ATTEST:
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