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HomeMy WebLinkAbout6001 RESOLUTION NO. 6,001 A RESOLUTION AUTHORIZING THE CITY OF LITTLE ROCK TO PARTICIPATE IN THE SEWER IMPROVEMENT DISTRICT NO. 144, EUCLID PLACE, JOHN BARROW ADDITION, LITTLE ROCK, ARKANSAS; AND FOR OTHER PURPOSES. WHEREAS, an adequate sewer system is necessary for the health and well-being of the citizens of Little Rock; and WHEREAS, the construction of a sewer system in the Sewer Improvement District No. 144, Euclid Place, John Barrow Addition, Little Rock, Arkansas is being held up due to inadequate tax base; and WHEREAS, the City of Little Rock owns a substantial portion of land known as Holt Park within the District; and WHEREAS, if the City participates in the Improvement District and pays a share equivalent to that paid as improvement district taxes by other property owners in the area, the construction of the system will be expected. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1. The Board of Directors of the City of Little Rock, Arkansas hereby authorizes the City's participation in the Sewer Improve- ment District. SECTION 2. The Board of Directors of the City of Little Rock, Arkansas hereby authorizes the City Manager and his staff to determine which method of payment, yearly or lump sum, is the most cost effective for the City. SECTION 3. The Board of Directors of the City of Little Rock, Arkansas hereby authorizes the payment by the City of a share equivalent to that paid as improvement district taxes by other property owners in the District. SECTION 4. This Resolution shall be in full force and effect from and after its adoption. ADOPTED: September 5, 1978 ATTEST: APPROVED: City Clerk Mayor