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HomeMy WebLinkAbout2714RM 0 IMANCE NO. �} 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 Street Improvement District No. 272 of the City of Little Rock. WHEREAS , A majority in value of the property holders owning property adjoining the locality to be affected and situated in Street Improvement District No. 272 in the City of Little Rock, organized for the purpose of making local improvement therein by grading, draining and paving the streets within said District, hav ;_: petitioned the City Council of the City of Little Rock for the construction of said im- provement and that the cost thereof shall be assessed upon the real property in said district according to the benefits received; and WHEREAS, Said benefits received by each and every block, lot and parcel of real property, railroad and railroad right of way situated in said district equals or exceeds the local assessment thereon; and WHHERB.AS, The estimated cost of said improvement is 35,838.45 , exclusive of interest and other expenses, and the assessed benefits amount to 471.656.80. TSE;REFORE, BE IT ORDAINED BY IME CITY COUNCIL OF THE CITY OF LITTLE; ROCK: Section 1. That the said several blocks, lots and parcels of real property, railroads and railroad rights of way in,said Street Improvement District No. 272 be and they are hereby assessed according to the assessment list as the same now remains in the office of the City Clerk of the City of Little Rock, and as the same may be annually readjusted by the Board of Assessors, and that five per ce ntum of said c�)7j y -N� assessment of the value of benefits to each of said blocks, lots and parcels of land, railroads and railroad rights of way shall be paid on or before the N;- -t day of�/vv� of each year, until the whole of staid assessment shall have been paid. Section 1. That all ordinances or parts of ordi- nances in conflict herewith are hereby repealed and this ordinance shall be in full force and effect from and after its passage. Passed: UL 1920 Approved Mayor .fittest: City Clerk