HomeMy WebLinkAboutOrdinance 222 AN ORDINANCE - levying assessments on the several Blocks , Lots
and Parcels of real property in Water Improvement District No . 1 , of
the City of Fayetteville , Arkansas , the cost of the improvement pro -
posed for, said Destrict , and assessing upon the real property within
the limits of said District the amount of said cost .
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WHEREAS the majority in value of the property holders owning
real property adjoining the locality to be effected and situated in
Water Improvement District No . 1 of the City of Fayetteville , Arkansan ,
organized for the purpose of furnishing water to the inhabitants of
the City of Fayetteville , Arkansas , and of purchasing the present
water works system now therein and of supplying the streets , lanes ,
alleys and public places of said City with }eater , and of extending ,
operating and constructing and maintaining a system of 'water works
for said City of Fayetteville , Arkansas , ( the real estate in said
City having been designated as Water Improvement District Ido . 1 . )
have petitioned the Council of said City* of Fayetteville .,, Arkansas , fo r
the purchase , construction and acquisition and the operating and
maintaining of said improvement , and that the cost thereof shall
be assessed upon the real property of and composing and situated
in said hater Improvement District No . 1 . according to the benefits
to be received by said real property ; and
WHEREAS said benefits received and which will accrue to and be
received by each and every block , lot and parcel of real estate sit -
uated in said Water Improvement District No . 1 equal or exceed the
local assessment thereon ; and
WHEREAS the estimated cost of said improvement is
ONE HUNDRED AND FIFTY-FIVE THOUSAND DOLLARS
THEREFORE , it is now ordained by the City Council of the City
of Fayetteville , Arkansas , that said several blocks , lots and parcels
of real property in said Water Improvement District No . 1 be assessed
according to the assessment list for said improvement district as
the same now remains in - the office of the City Clerk of said City of
AUCROFIWE
DATE t a
%� REEL 1978
( 2 )
Fayetteville , Arkansas ; that seven per- centum pf said assessment on
each of said blocks , lots and parcels of real property shall be paid
annually for five sucessive years on or before the 15th day of
September in each year ; that after the expiration of said five years
ten per- contum of the assessment shall be paid for five consecutive
years on or before the 15th day of September in each year ; and after
the expiration of said ten years fifteen per- centum of the assessmen t
on each of said blocks , lots and parcels of real property shall be
paid for one year on or before the 15th day of September of such
year , and until the whole of said local assessment shall be paid .
And said local assessment shall be a charge and a lien against
all the real property in said district from the date of this ordinance
and shall be entitled to preference over all judgements , .excutions ,
incumbrances or liens whensoever created , and shall continue until )
such local assessment , with any penalty and costs that may accrue
thereon , shall be paid ; provided as betixreen grantor and grantee all
payments not due at the date of any transfer of such real property
shall be paid by the grantee .
It is further ordained that the first installment of said
assessment shall be due and payable on or before the 15th day of
September , 1907 , but the time for said first payment shall run to
and include and nay be paid by the 25 day of September , 1907 .
It is further ordained that this Ordinance shall be in full
force from and after its passage , approval and publication .
Passed and adopted the 26 day of July , 1907 ,
C . A . Mulholland
Mayor , . . . . . . . . . .
Attest :
R . L . Vaughan
City Clerk .