HomeMy WebLinkAboutOrdinance 508 • y' ,i
ORDINANCE N0 . 508 .
AN ORDINANCE TO BE ENTITLED " AN ORDINANCE - APPROPRIATING . THE
SUES OF $59500 . 00 OUT OF THE GENERAL REVENUES OF THE CITY TO
COVER THE COST OF PAVING AND OTHERWISE IMPROVING THE NORTH
ONE HALF OF WEST DICKSON STREET "
WHEREAS , the CityTC�uncil of the City of Fayetteville ,Arkansas , did ,
on the I4th day of �r , I924 , adopt , the following Resolution :
" WHEREAS , the property owners on West Dickson Street from
the East line of Duncan Street to the East line of Garland Avenue
have filed with the City Council of the City of Fayetteville ,Arkansas ,
a petition purporting to represent a majority in value of the property
owners in the territory described and set forth in said petition and
said petition being for , the purpose of -forming. -an Improvement- District
to be known as Annex Number One to University Improvement District
Number One of the City of Fayetteville ,Arkansas , and ;
"WHEREAS , Ehe County Quorum Court of Washington County, Arkansas
at the October term of said court , I923 , passed a resolution appropriating
a sum not to exceed 0 30 , 000 . 00 for the purpose of paying one - half
•
the cost of the paving in University Improvement District Number One o£
the City of Fayetteville ,Arkansas , and ;
"WHEREAS , The property owners on Dickson Street - other than those
embraced in University Improvement District Number One,. have formed Annex
Number One, to University Improvement District Number One , and ;
"WHEREAS , It becomes necessary at this time - in order that the
said Annex Number One of University Improvement District Number
One , of the City of Fayetteville ,Arkansas , may proceed , for the City
. of Fayetteville ,Arkansas , to make some provision for the Paving - of the
North side of said West Dickson Street , which is adjacent to the
grounds ,of the University of Arkansas , and there being no arrangements
at this time by which said street can be improved ;
" THEREFORE;-?BB IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTE-
VILLE ,ARKANSAS :
" Section One : That the City Council of the City of Fayetteville ,
Arkansas ,agrees and obligates itself. to make the necessary arrangements
to provide the necessary funds - to cover the cost of paving. the
north half of West Dickson Street_ from the East line of Duncan Street
to the East line of Garland Avenue „ as designated and in accordance with
the plans. and sgecifications . as . adopted by the Board of Improvement . of
the said Annex Number One -to 'University Improvement District Number One .
of the City of Fayetteville ,Arkansas ,
" Section Two : That the said obligation � as set forth in Section One ,
shall not exceed the sum of $ 59500 . 00" . And ,
WHEREAS , the City Engineer ' s estimate- of the cost of one half .
of said improvement equals or exceeds •the sum to be paid ' by the City
of Fayetteville ;
THEREFORE , BE IT ORDAINED BY THE CITY COUNCIL . OF THE CITY OF
FAYETTEVILLE ,ARKANSAS :
SECTION ONE : That pursuant to said resolution and agreement con-
tained therein , the Mityor and the City Clerk - of the City of Fayette -
ville ,Arkansas , are directed to issue warrants •; drawn on the General Fund
of the City of Fayetteville , Arkansas , payable to the contractor or bearer ;
and delivered to the contractor-, on the order of the commissioners , for
the purpose aforesaid , of improving the North one -half , of West Dickson
Street.- in Annex Number One - to University Improvememt District Number One-
o£ the City of Fayetteville ,Arkansas ;warrants sufficient to pay one -half
of the cost. of the proposed improvement .;not to exceed the sum of 50500 . 00
upon the terms and conditions as follows : 14
MiCREg
DATE sip
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One warrant for I , I00 * 00 due and payable July Ist . , I924 , and
one -fourth of the balance . to be paid in annual installments , on the
Ist , day of each July thereafter for four years . In case of default .
in payment of any annual installment .of the contract at maturity ; then ,
in that event , such defa'lted installment, . shall draw interest . at the rate
of eight ( 8 ) per cent per annum from maturity until paid , as a penalty ,
for failureito pay said installment when due .
SECTION TWO : That all Ordinances in conflict herwith. are hereby
repealed and this Ordinance , shall be in force and effect.. from and after
its passage , approval , and publication ,
Passed and approved this 31st day of March , I924 .
Attest : -_ �-� � � - - Approved : _ -- -_ - - -- -�
Clerk . Mayor .
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