HomeMy WebLinkAboutOrdinance 503 ORDINANCE NUMBER
AN ORDINANCE TO BE ENTITLED , "All ORDINANCE TO LEVY THE ASSESSMENT
UPON THE REAL PROPERTY LOCATED WITHIN UNIVERSITY IMPROVEMENT DISTRICT
NUMBER ONE OF THE CIT`.r OF FA"ETTEVILLE , ARKANSAS . "
WHEREAS , the majority in value of the property holders owning prop-
erty adjoining the locality to be affected , and situated in University
Improvement District Number One of the City of Fayetteville , Arkansas ,
organized for the wpurpose of improving by grading, rolling and paving
with Asphaltic Pavement , the streets and parts of streets within said
University Improvement District Number One of the City of Fayetteville ,
Arkansas , have petitioned the City Council of the City of Favetteville ,
Arkansas , for the construction of said improvement ; and that the costs
thereof shall be assessed upon the real property of said District , ac -
cording to the benefits to be received ; and
WHEREAS , said benefit received by each block , lot and parcel of real
property situated in said district , equals or exceeds the local assess-
ment ; and
WHEREAS., the estimated cost of said improvement is $ 56 , 180 • oo
NOW , THEREFORE , BE IT ORDAINED BY THE CITY COUNCIL OF THE CIVr OF
FAYETTEVILLE , ARKANSAS :
SECTION ONE : That said several blocks , lots and parcels of real
property in 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 10 per centum on said blocks , lots
and parcels shall be paid annually on or before the first Monday of Octo-
ber , until the whole of the said local assessment shall be paid .
SECTION TWO : That all Ordinances and parts of Ordinances in conflict
herewith , be , and the same are hereby , repealed , and this Ordinance shall
take effect and be in force , from and after its passage , approval and
publication .
Passed and annroved this 18th day of Feioruarv , 1924 , MICROFILMED
DATE OCT 4 1978
REEL
Attest : C. Approved :
C l e r k ^ �
l / — / M a y o r .