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HomeMy WebLinkAboutOrdinance 471 ORDINANCE NO . • MiCROFl�MED DATE T 4 1978 AN ORDINANCE TO BE ENTITLED , 2e ANCE TO LEVY"THE ASSESSMENT UPON THE REAL PROPERTY' -LOCATED WITHIN MONT NORD IMPROVEMENT DISTRICT NUMBER ONE OF THE CITY`'OF FAYETTEVILLE , ARKANSAS . " WHEREAS , the majority- in value of the property -holders owning prop- erty- • adjoining the locality . -to be affected , and situated in Mont Nord Im- provement District 1Tumbere- One of the Cit}iof Fayetteville , Arkansas , or. ganized for the purpose of grading, rolling and paving with Asphaltic Pavement the streets - and parts of >atreets within said Mont Nord Improve- ment District Number One of the Citv of Fai.etteville , Arkansas , have- Petitioned the Council of the City of Favetteville , Arkansas , for the con- struction of said improvement , and that the cost , thereof shall be assessed upon the real propertv- of said district , according to benefits received ; WHEREAS , said benefits received by each block , lot and parcel of real property -- situated in said district , equals or exceeds the local assess- ment thereon ; and WHEREAS ; the estimated cost of said improvement NOW , THEREFORE; BE IT ORDAINED BY THE CITY ' COUNCIL OF THE CITY"OF FAYETTEVILLE , ARKANSAS : SECTION ONE : That said several blocks , lots and parcels of real prop- ertvTrin said district , be assessed according to the assessment list , for said Improvement District , as the same now remains in the office of the Recorder or City - Clerk ; and that said assessment shall be paid annuallv - on or before the 1st Mondav - in October , until the whole of the said local as- sesement shall be paid . And , 4* per centum on each of said blocks , lots and parcels of land shall be paid in 1923 ; 8 per centum on each of said blocks , lots and _ narcels of land, in 1924 ; and 91 per . centum on each of said blocks , lots , and parcels of land in 1925 ; 10} percentum on each of said blocks , lots and parcels of land in 1926 ; 11J per centum on each of said blocks , lots and parcels of land in 1927 ; JJ+ per centum on each of said blocks , lots - and parcels of land in 1928 ; 111 per centum on each of said blocks , lots and parcels of land in 1929 ; 12 per centum on each of said blocks ; 16ts and parcels of land in 1930 ; 12 per centum on each of said rN 2 . blocks , lots , and parcels of land in 1931 ; and loft per centum on each of I said blocks , lots and parcels of land in 1932 . SECTION TWO : That all Ordinances and parts of Ordinances in conflict , be , and the same are hereb!r; repealed , and this Ordinance shall be in force and effect from and after its passage; approval and publication . Passed and approved this19111 day of March , 1923 . Attest : LC/ 7YL"4/(Z— Approved : wjjjj�k l e r k . M a v o r .