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HomeMy WebLinkAboutOrdinance 4866 ORDINANCE NO. 4866 AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15 — STONEBRIDGE MEADOWS, PHASES 4 AND 5 WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5 has been filed with the Fayetteville City Clerk; and, WHEREAS, the City Clerk has presented said petition to the Mayor; and, WHEREAS, the Mayor has set May 2, 2006, at 6:00 p.m. as the date and time for a hearing before the Fayetteville City Council for consideration of said petition; and, WHEREAS, the Fayetteville City Council has determined from an abstracter's certificate of property ownership that those signing the petition constitute all the owners of the real property to be located in the district; and, WHEREAS, the Arkansas Municipal Property Owners' Improvement District Law provides at Ark. Code Ann. Sec. 14-94- 106(b)(2) that if the governing body determines that all the owners of the record title to the real property to be located in the district have petitioned for the improvements, it shall then be its duty by ordinance to establish and lay off the district as defined in the petition and to appoint the commissioners named in the petition. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF FAYETTEVILLE, ARKANSAS: Section 1 : That.the real property described in Exhibits "A" and "B" attached hereto and made a part hereof is hereby established and laid- off as Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5 for the purpose of constructing, purchasing, accepting as a gift or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation by public utilities or municipal utilities of electric and telephone distribution systems, sanitary sewers, streets and highways including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or for more than one of those purposes. Section 2: The following three individuals are hereby appointed as commissioners of said improvement district: William N. Meadows, Jack E. Meadows and Susan M. Meadows. Section 3 : The name of said improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5 . Section 4: The district shall not cease to exist upon the acquiring, constructing or completion of the improvements, but it shall continue to exist for the purpose of preserving, maintaining, and operating the improvements, replacing equipment, paying salaries to employees, and performing any other functions or services authorized in Ark. Code Ann., Title 14, Chapter 94. ` .���RKITREyS,,�, PASSED and APPROVED this 2nd day of May, 2006. , `� . , GST Y p =U • ; FAYETTEVILLE ; APPROVED: ATTEST: ` 5 qk .N. POJ '�N'�`���. By: By: �—� DAN COOD , Mayor SONDRA SMITH, City Clerk 2 EXHIBIT "A" Phase 4 THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY, ARKANSAS: A PART OF THE SW 1 /4 OF THE SW 1/4 OF SECTION 19, TOWNSHIP 16 NORTH, RANGE 29 WEST; COMMENCING AT THE SOUTHWEST CORNER OF SAID SW 1 /4 OF THE SW 1 /4, THENCE N89056110"E 1116. 15 FEET, THENCE NORTH 620.00 FEET TO THE POINT OF BEGINNING, SAID POINT BEING ON THE EAST BOUNDARY OF STONEBRIDGE MEADOWS PHASE 3; THENCE ALONG SAID EAST BOUNDARY N00°00'00"W 501 .49 FEET TO A POINT ON THE SOUTH RIGHT-OF-WAY OF RIVER MEADOWS DRIVE; THENCE ALONG SAID SOUTH RIGHT-OF-WAY S89°58' 14'E 59.96 FEET TO THE P.C. OF A CURVE TO THE RIGHT HAVING A RADIUS OF 75.00 FEET AND A CHORD BEARING AND DISTANCE OF S45000'53 "E 106.09 FEET; THENCE ALONG SAID CURVE AN ARC DISTANCE OF 117.85 FEET; THENCE SOUTH 1 .65 FEET; THENCE LEAVING SAID RIGHT-OF-WAY S89057'06"E 841 .44 FEET TO THE CENTER OF CLEVELAND RAVINE; THENCE ALONG SAID CENTERLINE OF RAVINE S00009'03"W 36.79 FEET, S19037132"E 36.79 FEET, S0104611411E 36.74 FEET, S310181511W 87.33 FEET, S25021106"W 147.48 FEET, S1803514911W 113 .07 FEET; THENCE LEAVING SAID CENTERLINE OF RAVINE S89056'10'W 845.24 - - FEET TO THE POINT OF BEGINNING, CONTAINING 9.24 ACRES, MORE OR LESS. SUBJECT TO UTILITY EASEMENTS AND RIGHTS-OF-WAY OF RECORD. 3 EXHIBIT "B" Phase 5 THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY, ARKANSAS: A PART OF THE N1/2 OF THE SETA AND A PART OF THE SETA OF THE NEIA OF SECTION 24, TOWNSHIP 16 NORTH, RANGE 30 WEST, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT THAT IS NORTH 1849.07 FEET AND WEST 1204.81 FEET FROM THE SOUTHEAST CORNER OF THE SETA OF THE SETA OF SAID SECTION 24 AND RUNNING THENCE N5029'35"W 427.78 FEET; THENCE N4°31 ' 14"E 519.57 FEET; THENCE N24040' 14"E 163 .32 FEET; THENCE S67°47'56"E 383 .63 FEET; THENCE S80050'56"E 115.43 FEET; THENCE S50°56'49"E 87.06 FEET; THENCE S39020'45"E 299.29 FEET; THENCE S22034'29"E 407.51 FEET; THENCE S17°53'41 "E 435 .42 FEET; THENCE S0028'09"E 112.72 FEET TO THE CENTERLINE OF THE GOFF FARM ROAD; THENCE WESTERLY ALONG SAID CENTERLINE THE FOLLOWING: S86° 19'38"W 72.09 FEET, S89048' 17"W 716.41 FEET, S88041136"W 495.5 FEET; THENCE LEAVING SAID CENTERLINE AND RUNNING N35019'50"E 342. 18 FEET TO THE POINT OF BEGINNING, CONTAINING 26.61 ACRES, MORE OR LESS, CITY OF FAYETTEVILLE, WASHINGTON COUNTY, ARKANSAS. SUBJECT TO THE GOFF FARM ROAD RIGHT-OF-WAY ALONG THE SOUTH LINE AND ANY OTHER EASEMENTS AND/OR RIGHT-OF-WAYS OF RECORD. 4 Arkansas Democrat (>�azette KinT . . Northwest Arkansas Times Benton County Daily Record P . O. BOX 1607 FAYETTEVILLE , AR 72702 PHONE : 479-571 -6415 AFFIDAVIT OF PUBLICATION I , Maria Attaway, do solemnly swear that I am Legal Clerk of the Arkansas Democrat Gazette newspaper. Printed and published in Benton County Arkansas, (Lowell) and that from my own personal knowledge and reference to the files of said publication , the advertisement of: Ordinance 4866 Was inserted in the Regular Editions: May 12, 2006 Publication Charge: $268 . 28 Subscribed and( sworn to before me This? day of 7 Y� , 2006 . Notary Public Sharlene D. Williams Notary Public My Commission Expires : State of Arkansas My Commission Expires October 18, 2014 **NOTE** Please do not pay from Affidavit. Invoice will be sent. RECEIVED MAY 13 2006 CITY OF FAYMEVILLE CITY CLERK'S OFFICE ORDINANCE NO.AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETT9 EVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT N0. 15 - STONEBRIDGEMEADOWS, PHASES 4 AND 5 �C WNEREAB, a Petition to form Fayetteville ARKANSAS , Municipal Property Owrrers' Improvement District No. 15- Stonebridge Meatlpvs, Phases 4 and 5 has been filed with the Fayanevine'City Clerk; end WNEREAB, the CLry Clerk has presented Mid Petition to the Mayor; and, , WNEREAB, the Mayor has set May 2, 2006, at 6:00 p.m. as the date entl time for a nearing before the Fayettevilte City Council for consideration of said petition; and,WHEREAS, the Fayeaeville City COuncil has determined Irom an abstractWs certificate of propbr. ty 0 ran ip that those signing Na petition constitute all the owners of the real property lobe locat. ad in the tlistrict; and, WHEREAS, the Arkansas Municipal Property Owners' Improvement District Law provides at AN, Code Ann. Sec. 14. .1 Net if sh governing body determines that all the owners t the recortl dile loins real property to 'b locatetl in the tlistrict have petitioned for the improvements, it shall then be Its d by ordinance to establish and lay off the district as defined in the petition and to appoint the commissioners named in the petition, NOW, THEREFORE, BE R ORDAINED BY THE CRT COUNCIL OF FAYETTEVIILE, ARKANSAS.- Section RKANSAS:Section 1: That the real property described in Exhibits *AR and 'B* attached hereto and made a pIn herself is hereby established and laid off as Fayetteville Munlolpal Property Owners' Improvement f1 District No. 15- Stonebridge Meadows, Phases 4 and 5 for the purpose of constructing, purchasirig; aaepdng as a 91111 or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excevations necessary for the Installallon by public utilities a municipal utilities of electric and telephone distribution systems, sanitary sewers, streets and highways includ. ing curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or for more than one of those purposes. Section Z. The following thin individuals are hereby appointed as commissioners of said Improve- =101"`3 ent 1"`3 Tl: William N. Meadows. Jack E. Meadows and Susan M. Meadows. Sectio3: The name Of said Improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5. Section 4: The district shall not cease to exist upon the acquiring, conshucting a Impletion o/ the improvements, but it shall continue to exist for Me purpose of preserving, maintaining, and operat- ing the inprovements, replacing equipment, Paying salaries to empkryees, and performing any other functions Of services authorized In Ark. Cade Ann., Tide 14, Chapter 94. PASSED and APPROVED this 2nd day of May. 2006, APPROVED: ATTEST: By: BY: DAN COOOY, Mr yor $ONDRA SMITH, CNy ClW* r EXHIBIT 'A' Phase 4 THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY,, ARKANSAS: A PART OF THE SW 1/4 OF THE SW 1/4 OF SECTION 191 TOWNSHIP 16 NORTH, RANGE 29 WEST; COMMENCING AT THE SOUTHWEST CORNER OF SAID SW 114 OF THE SW 1/4, THENCE - N89056'10'E 1116.15 FEE[ THENCE NORTH 620.00 FEET TO THE POINT OF BEGINNING. SAID POINT BEING ON THE EAST BOUNDARY OF STONEBRIDGE MEADOWS PHASE 3; THENCE ALONG SAID EAST BOUNDARY N00400'009V 501.49 FEET TO A POINT ON THE SOUTH RIGHT- OF-WAY OF RIVER MEADOWS DRIVE; THENCE ALONG SAID SOUTH RIGHTOF-WAY S89°58'14'E 59.96 FEET TO THE P.C. OF A CURVE TO THE RIGHT HAVING A RADIUS OF 75.00 FEET ANP A CHORD BEARING AND DISTANCE OF S45%0'530E 10609 FEET; THENCE ALONG SAID CURVE AN ARC DISTANCE OF 117.85 FEET; THENCE SOUTH 1.65 FEET; THENCE LEAVING SAID RIGHT OF-WAY S89057'06'E 841.44 FEET TO THE CENTER OF CLEVELAND RAVINE; THENCE ALONG SAID CENTERLINE OF RAVINE SDO°09'03W 36.79 FEET, S19°3T37E 36,78 FEET, S010E ALONG 36.74 FEET. S31018'SIW 87.33 FEET, S25°21'O6W 147.48 FEET, S18035.49V 113.07 FEED THENCE LEAVING SAID CENTERLINE OF RAVINE S89°56'10W 845.24 FEET TO THE POINT OF BEGINNING, CONTAINING 9.24 ACRES, MORE OR LESS. .. o SUBJECT TO UTILITY EASEMENTS AND RIGHTS-OF-WAY OF RECORD. EXHIBIT 'am Phase 5 THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY, ARKANSAS: A PART OF THE N1/2 OF THE SE1/4 AN TLOWS: O A PART OF THE SE7/4 OF THE NE7/4 OF SECTION 24, TOWNSHIP 16 NORTH, RANGE 30 WEST, BEING MORE PARTICULARLY DESCRIBED AS FQL- I BEGINNING ATA POINT THAT IS NORTH 1849.07 FEET AND WEST 1204,81 FEET FROM THE THENCE N5 CORNER OF THE SEI/4 OF THE SETA OF SAID SECTION 24 AND RUNNING I THENCE N50 35.W 427,78 FEET; THENCE N4031'14-E 519.57 FEET; THENCE N24040'14'E 163.32 FEET.' THENCE S67047560E 383.63 FEET' THENCE S80°SD'56'E 115.43 FEET; THENCE 1 1 S50°56'49'E ST . FEET; THENCE S39020'450E 299.29 FEET; THENCE S22`34'29'E 407.51 FEE[ THENCE S17°53'41'E 435.42 FEET,' THENCE SO°28'090E 112.72 FEET TO THE CENTERLINE OF THE GOFF FARM ROAD; THENCE WESTERLY ALONG SAID CENTERLINE THE FOLLOWING: S86°19'38NV 72.09 FEET, S89°48'17'W 716.41 FEET, S88041'36'W 495.5 FELL'; THENCE LEAVING SAID CENTERLINE AND RUNNING N35°19'500E 34218 FEET TO THE PoI ; T E BEGINNING, CONTAINING 26.61 ACRESARKANSAS , MORE OR LESS, CITY OF FA TO WASHINGTON COUNTY, SUBJECT TO THE GOFF FARM ROAD RIGHT-OF-WAY ALONG THE SOUTH LINE AND ANY OTHER RECEIVED tl ` ® EASEMENTS AND/OR RIGHT-OF-WAYS OF RECORD. _ MAT 16 2004i CITY OF FAYETTEVILU CITY CLERK'S OFFICV. FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15 — STONEBRIDGE MEADOWS, PHASES 4 AND 5 COMMISSIONER' S OATH OF OFFICE 11 JACK E. MEADOWS, A COMMISSIONER OF FAYETTTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15— STONEBRIDGE MEADOWS, PHASES 4 AND 5 HEREBY SWEAR TO SUPPORT THE CONSTITUTION OF THE UNITED STATES AND THE CONSTITUTION OF THE STATE OF ARKANSAS, TO DISCHARGE FAITHFULLY MY DUTY AS AN IMPROVEMENT DISTRICT COMMISSIONER, AND TO NOT BE INTERESTED, DIRECTLY OR INDIRECTLY, IN ANY CONTRACT LET BY THE BOARD EXCEPT UPON THE APPROVAL OF ALL THE OWNERS OF REAL PROPERTY IN THE DISTRICT. JACK E. MEADOWS STATE OF ARKANSAS ) COUNTY OF WASHINGTON ) On this the * - day of May, 2006, before me, the undersigned notary public, personally appeared Jack E. Meadows, known to me (or satisfactorily proven) to be the person whose name he subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. In witness whereof I hereunto �t my hand and ffic' 1 seal. NOTARY PUB IC SEAL CAROLYN A. GRIGGS Notary Public - Notary Seal STATE OF ARKANSAS wasNngton co,mty My Qmdsslm E>rpkw Apr.C 2 RECEIVED MAY 0 5 2m CIN OF Fav TrEVILLE. CITY CLERK'S OFFICE FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15 — STONEBRIDGE MEADOWS, PHASES 4 AND 5 COMMISSIONER'S OATH OF OFFICE 1, SUSAN M. MEADOWS, A COMMISSIONER OF FAYETTTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15— STONEBRIDGE MEADOWS, PHASES 4 AND 5 HEREBY SWEAR TO SUPPORT THE CONSTITUTION OF THE UNITED STATES AND THE CONSTITUTION OF THE STATE OF ARKANSAS, TO DISCHARGE FAITHFULLY MY DUTY AS AN IMPROVEMENT DISTRICT COMMISSIONER, AND TO NOT BE INTERESTED, DIRECTLY OR INDIRECTLY, IN ANY CONTRACT LET BY THE BOARD EXCEPT UPON THE APPROVAL OF ALL THE OWNERS OF REAL PROPERTY IN THE DISTRICT. SUSAN M. MEADOWS STATE OF ARKANSAS ) COUNTY OF WASHINGTON ) On this the S" `- day of May, 2006, before me, the undersigned notary public, personally appeared Susan M. Meadows, known to me (or satisfactorily proven) to be the person whose name he subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. In witness whereof I hereunto at my hand and offi 'al seal. NOTARY POELIC On SEAL CAROLYN A GRIGGS Notary Public • Notary Seal STATE OF ARKANSAS Washington County My Commission Expires: Apr. 6, 2009 RECEIVED MAY 0 5 2006 CITY OF FAYETTEVILLE CITY CLERK'S OFFICE FAYETTEVILLE MUNICIPAL; PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15 — STONEBRIDGE MEADOWS, PHASES 4 ANDS COMMISSIONER'S OATH OF OFFICE I, WILLILAM N. MEADOWS, A COMMISSIONER OF FAYETTTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15— STONEBRIDGE MEADOWS, PHASES 4 AND 5 HEREBY SWEAR TO SUPPORT THE CONSTITUTION OF THE UNITED STATES AND THE CONSTITUTION OF THE STATE .OF ARKANSAS, TO DISCHARGE FAITHFULLY MY DUTY AS AN IMPROVEMENT DISTRICT COMMISSIONER, AND TO NOT BE INTERESTED, DIRECTLY OR INDIRECTLY, IN ANY CONTRACT LET BY THE BOARD EXCEPT UPON THE APPROVAL OF `:ALL THE OWNERS OF REAL PROPERTY IN THE DISTRICT. WILLIAM N. MEADOWS STATE OF ARKANSAS ) COUNTY OF WASHINGTON ) On this the � day of May, 2006, before me, the undersigned notary public, personally appeared William N. Meadows, known to me (or satisfactorily proven) to be the person whose name he subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. In witness whereof I hereunt et my hand and offici seal. NOTARY PU LIC SEAL CAROLYN A. GRIGGS Notary Public • Notary Seal STATE OF ARKANSAS Washington County My Commission Eores:Apr. 6, 2009 RECEe\JEC MAY 0 5 2006 CHITTY CLERK'S OFFICE City of Fayetteville 51/6164 Staff Review Form City Council Agenda Items �p �j!/ d�� or /� / I Contracts �Po�Q May 2, 2006 City Council Meeting Date Sondra Smith City Clerk City Clerk Submitted By Division Department Action Required: An ordinance to establish Fayetteville Municipal Property Owners' Improvement District No. 15 - Stonebridge Meadows, Phase 4 and 5. This petition is being filed under the Arkansas Municipal Property Owners' Improvement District law. Arkansas Code Ann. Sec. 14-94-101 et seq. The petition is being filed by James N. McCord . on behalf of the Improvement District. N/A N/A N/A Cost of this request Category / Project Budget Program Category / Project Name N/A N/A N/A Account Number Funds Used to Date Program / Project Category Name N/A N/A N/A . Project Number Remaining Balance Fund Name Budgeted Item N/A Budget Adjustment Attached N/A Previous Ordinance or Resolution # Department Director Date Original Contract Date: Original Contract Number: L - Jy _ 06 City Attorney Date Received in City C rk's O e '((/� l� Q�iERED Finance Ad Internal Service Director Date Received in Mayor's Office M/or Date Comments: aye evl SE� EIVE® 113 West Mountain ARKANSAS APR 11 2006 Fayetteville, AR 72701 n of FAYETTEVILLE Telephone: (479) 575-8323 Ct MAYOKS OFFICE Fax: (479) 718-7695 city_cierk@ci.fayetteville.ar.us City Clerk/Treasurer Division April 17, 2006 Honorable Dan Coody, Mayor City Administration Building 113 W. Mountain Fayetteville, AR 72701 RE: Petition to form Fayetteville Municipal Property Owners' Improvement District No. 15 Stonebridge Meadows, Phase 4 and 5 Dear Mayor: Pursuant to Arkansas Code Ann. Sec. 14-94- 105 (e)(3), you are hereby notified that the enclosed Petition to form Fayetteville Municipal Property Owners' Improvement District No. 15 — Stonebridge Meadows, Phase 4 and 5 has been filed in the office of the Fayetteville City Clerk. Pursuant to Ark. Code Ann. See. 14-94-106 (a)(1 ), I hereby present you with the Petition. Sincerely, tgoaa .-- �Qn Sondra Smith City Clerk/Treasurer cc: Kit Williams, City Attorney James N. McCord � JAMES N. McCORD RECEIVED ,4ttornq at Law 11 N . WEST AVE. APR 14 206 SUITE #202 CITY OF FAYET7EVILLE FAYETTEVILLE, ARKANSAS 72701 CITY CLERK'S OFFICE TELEPHONE (479) 695-1134 FACSIMLE (479) 695-1135 iimmccordlawAalltel.net April 14, 2006 Sondra Smith VIA HAND DELIVERY Fayetteville City Clerk City Administration Building 113 West Mountain Street Fayetteville, AR 72701 Re: Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5 Dear Ms. Smith: Enclosed for filing in the office of the Fayetteville City Clerk are four executed counterparts of a Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5. Please file mark each Petition, retain one for the City's permanent file, one for presentation to the Mayor, and return the other counterparts to me. The Petition is being filed under the Arkansas Municipal Property Owners' Improvement District law, Ark. Code Ann. Sec. 14-94-101 et seq. Ark. Code Ann. Sec. 14-94-106 provides: (a)(1) Upon the filing of the petition with the clerk, it shall be the duty of the clerk to present the petition to the mayor. (2) The mayor shall thereupon set a date and time not later than fifteen (15) days after the date of the presentation of the petition to the mayor, for a hearing before the governing body for consideration of the petition. (b)(1 ) At the hearing, it shall be the duty of the governing body to hear the petition and to ascertain whether those signing the petition constitute all the owners of the real property to be located in the district. (2) If the governing body determines that all the owners of the real property to be located in the district have petitioned for the improvements, it shall be its duty by ordinance to establish and lay off the district as defined in the petition and to appoint the commissioners named in the petition. ss* (c) The ordinance establishing the district shall be published within thirty (30) days after its adoption by one (1) insertion in some newspaper of general circulation in the municipality in which the district lies. Enclosed is a form the Mayor may use to give the City Council notice of the date and time of the hearing on the Petition. Also enclosed, for filing in the office of the City Clerk, is an executed Abstracter's Certificate certifying that the improvement district petition is signed by the owner of the record title to all the real property described in the Petition. I have drafted and enclose an ordinance which would establish the district and name the commissioners. Formation of a municipal property owners' improvement district is merely a financing alternative for the cost of subdivision infrastructure. The developer must comply with all city development ordinances. The completed infrastructure improvements are dedicated to the city. The improvement district issues special assessment bonds, bond proceeds are used to construct or purchase the improvements, the district levies an annual tax on each lot in the district to pay debt service on the bonds, the annual taxes are collected by the county tax collector and paid to the bond trustee, and the trustee makes debt service payments to the bondholders. Stonebridge Meadows, Phases 4 and 5 will have 76 lots on 35.85 acres located adjacent to Goff Farm Road and Stonebridge Meadows Golf Course. Should there be any questions, please contact me. Sincerely, ames N. McCord pc: Hon. Dan Coody, Mayor Kit Williams, City Attorney C a. ' !,1— !!t(. ... ' :^Jiffs "., .•''i _J: 4.-. • 1 •i •.N .. .� /I•1.:. � l!•. r J JlilYl. I J � .t�1' ..t 1 TO: Fayetteville City Council FROM: Mayor Dan Coody DATE: April _, 2006 RE: Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5 Pursuant to Ark. Code Ann. Sec. 14-94-106(a)(2), I hereby set Tuesday, May 2, 2006, at 6:00 p.m. as the date and time for a hearing before the Fayetteville City Council for consideration of the Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 15— Stonebridge Meadows, Phases 4 and 5. Ark. Code Ann. Sec.14-94-106(b)(1) provides that, at the hearing, it shall be the duty of the governing body to hear the petition and to ascertain whether those signing the petition constitute all the owners of the real property to be located in the district. Ark. code Ann. Sec. 14-94-106(b)(2)(A) provides that if the governing body determines that all the owners of the real property to be located in the district have petitioned for the improvements, it shall be its duty by ordinance to establish and layoff the district as defined in the petition and to appoint the commissioners named in the petition. cc: Kit Williams, City Attorney James N. McCord ORDINANCE NO. AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15 - STONEBRIDGE MEADOWS, PHASES 4 AND 5 WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5 has been filed with the Fayetteville City Clerk; and, WHEREAS, the City Clerk has presented said petition to the Mayor; and, WHEREAS, the Mayor has set May 2, 2006, at 6:00 p.m. as the date and time for a hearing before the Fayetteville City Council for consideration of said petition; and, WHEREAS, the Fayetteville City Council has determined from an abstracter's certificate of property ownership that those signing the petition constitute all the owners of the real property to be located in the district; and, WHEREAS, the Arkansas Municipal Property Owners' Improvement District Law provides at Ark. Code Ann. Sec. 14-94-106(b)(2) that if the governing body determines that all the owners of the record title to the real property to be located in the district have petitioned for •the improvements, it shall then be its duty by ordinance to establish and lay off the district as defined in the petition and to appoint the commissioners named in the petition. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF FAYETTEVILLE, ARKANSAS: Section 1: That the real property described in Exhibits "A" and "B" attached hereto and made a part hereof is hereby established and laid off as Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5 for the purpose of constructing, purchasing, accepting as a gift or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation by public utilities or municipal utilities of electric and telephone distribution systems, sanitary sewers, streets and highways including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or for more than one of those purposes. Section 2: The following three individuals are hereby appointed as commissioners of said improvement district: William N. Meadows, Jack E. Meadows and Susan M. Meadows. Section 3: The name of said improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5. Section 4: The district shall not cease to exist upon the acquiring, constructing or completion of the improvements, but it shall continue to exist for the purpose of preserving, maintaining, and operating the improvements, replacing equipment, paying salaries to employees, and performing any other functions or services authorized in Ark. Code Ann., Title 14, Chapter 94. PASSED and APPROVED this 2nd day of May, 2006. APPROVED: By: DAN COODY, Mayor ATTEST: SONDRA SMITH, City Clerk 2 EXHIBIT "A" Phase 4 THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY, ARKANSAS: A PART OF THE SW 1/4 OF THE SW 1/4 OF SECTION 19, TOWNSHIP 16 NORTH, RANGE 29 WEST; COMMENCING AT THE SOUTHWEST CORNER OF SAID SW 1/4 OF THE SW 1/4, THENCE N89°56'10"E 1116.15 FEET, THENCE NORTH 620.00 FEET TO THE POINT OF BEGINNING, SAID POINT BEING ON THE EAST BOUNDARY OF STONEBRIDGE MEADOWS PHASE 3; THENCE ALONG SAID EAST BOUNDARY N00°00'00"W 501.49 FEET TO A POINT ON THE SOUTH RIGHT-OF-WAY OF RIVER MEADOWS DRIVE; THENCE ALONG SAID SOUTH RIGHT-OF-WAY S89°5814'E 59.96 FEET TO THE P.C. OF A CURVE TO THE RIGHT HAVING A RADIUS OF 75.00 FEET AND A CHORD BEARING AND DISTANCE OF S45°00'53"E 106.09 FEET; THENCE ALONG SAID CURVE AN ARC DISTANCE OF 117.85 FEET; THENCE SOUTH 1.65 FEET; THENCE LEAVING SAID RIGHT-OF-WAY S89°57'06"E 841.44 FEET TO THE CENTER OF CLEVELAND RAVINE; THENCE ALONG SAID CENTERLINE OF RAVINE S00°09'03"W 36.79 FEET, S19°3732"E 36.79 FEET, S01°46'14"E 36.74 FEET, S31°1851'W 87.33 FEET, S25°2106"W 147.48 FEET, S18°3549"W 113.07 FEET; THENCE LEAVING SAID CENTERLINE OF RAVINE S89°56'10'W 845.24 FEET TO THE POINT OF BEGINNING, CONTAINING 9.24 ACRES, MORE OR LESS. SUBJECT TO UTILITY EASEMENTS AND RIGHTS -OF -WAY OF RECORD. 3 EXHIBIT "B" Phase 5 THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY, ARKANSAS: A PART OF THE N1/2 OF THE SE1/4 AND A PART OF THE SEI/4 OF THE NE1/4 OF SECTION 24, TOWNSHIP 16 NORTH, RANGE 30 WEST, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT THAT IS NORTH 1849.07 FEET AND WEST 1204.81 FEET FROM THE SOUTHEAST CORNER OF THE SE1/4 OF THE SE1/4 OF SAID SECTION 24 AND RUNNING THENCE N5°29'35"W 427.78 FEET; THENCE N4°31'14"E 519.57 FEET; THENCE N24°40'14"E 163.32 FEET; THENCE $67°4756"E 383.63 FEET; THENCE S80°50'56"E 115.43 FEET; THENCE S50°56'49"E 87.06 FEET; THENCE S39°20'45"E 299.29 FEET; THENCE S22°3429"E 407.51 FEET; THENCE S17°53'41"E 435.42 FEET; THENCE S0°28'09"E 112.72 FEET TO THE CENTERLINE OF THE GOFF FARM ROAD; THENCE WESTERLY ALONG SAID CENTERLINE THE FOLLOWING: S86°19'38"W 72.09 FEET, S89°48'17"W 716.41 FEET, S88°4136"W 495.5 FEET; THENCE LEAVING SAID CENTERLINE AND RUNNING N35° 19'50"E 342.18 FEET TO THE POINT OF BEGINNING, CONTAINING 26.61 ACRES, MORE OR LESS, CITY OF FAYETTEVILLE, WASHINGTON COUNTY, ARKANSAS. SUBJECT TO THE GOFF FARM ROAD RIGHT-OF-WAY ALONG THE SOUTH LINE AND ANY OTHER EASEMENTS AND/OR RIGHT-OF-WAYS OF RECORD. rd A APR14?Q CITY OF FAY. BEFORE THE CITY COUNCIL OF FAYETTEVILLE, ARKANSASITYCLERK'SLrl PETITION TO FORM FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15- STONEBRIDGE MEADOWS, PHASES 4 AND 5 ABSTRACTER'S CERTIFICATE OF PROPERTY OWNERSHIP Lenders Title Company hereby certifies that the deed records in the office of the Circuit Clerk and Ex -Officio Recorder of Washington County, Arkansas, reflect that the following is the owner of the record title to all of the real property described in Exhibits "A" and "B" to the Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 15 — Stonebridge Meadows, Phases 4 and 5, a copy of which Exhibits "A" and "B" is attached hereto and made a part hereof: Meadows Enterprises, Inc. DATED this day of April, 2006. Lenders Title Company By: z AUTHORIZED REPRESENTATIVE EXHIBIT "A" THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY, ARKANSAS: A PART OF THE SW 1/4 OF THE SW 1/4 OF SECTION 19, TOWNSHIP 16 NORTH, RANGE 29 WEST; COMMENCING AT THE SOUTHWEST CORNER OF SAID SW 1/4 OF THE SW 1/4, THENCE N89°56'10"E 1116.15 FEET, THENCE NORTH 620.00 FEET TO THE POINT OF BEGINNING, SAID POINT BEING ON THE EAST BOUNDARY OF STONEBRIDGE MEADOWS PHASE 3; THENCE ALONG SAID EAST BOUNDARY N00°0000"W 501.49 FEET TO A POINT ON THE SOUTH RIGHT-OF-WAY OF RIVERMEADOWS DRIVE; THENCE ALONG SAID SOUTH RIGHT-OF-WAY S89°58'14'E 59.96 FEET TO THE P.C. OF A CURVE TO THE RIGHT HAVING A RADIUS OF 75.00 FEET AND A CHORD BEARING AND DISTANCE OF S45°00'53"E 106.09 FEET; THENCE ALONG SAID CURVE AN ARC DISTANCE OF 117.85 FEET; THENCE SOUTH 1.65 FEET; THENCE LEAVING SAID RIGHT-OF-WAY S89°57'06"E 841.44 FEET TO THE CENTER OF CLEVELAND RAVINE; THENCE ALONG SAID CENTERLINE OF RAVINE S00°09'03"W 36.79 FEET, S19°37'32"E 36.79 FEET, S01°46'14"E 36.74 FEET, S31°18'51W 87.33 FEET, S25°21'06"W 147.48 FEET, S18°35'49W 113.07 FEET; THENCE LEAVING SAID CENTERLINE OF RAVINE S89°56'10'W 845.24 FEET TO THE POINT OF BEGINNING, CONTAINING 9.24 ACRES, MORE OR LESS. SUBJECT TO UTILITY EASEMENTS AND RIGHTS -OF -WAY OF RECORD. EXHIBIT "B" THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY, ARKANSAS: A part of the N1/2 of the SEI/4 and a part of the SEI/4 of the NEI/4 of Section 24, Township 16 North, Range 30 West, being more particularly described as follows: Beginning at a point that is North 1849.07 feet and West 1204.81 feet from the Southeast corner of the SE1/4 of the SEI/4 of said Section 24 and running thence N5°29'35"W 427.78 feet; thence N4°31'14"E 519.57 feet; thence N24°40'14"E 163.32 feet; thence $67°47'56"E 383.63 feet; thence S80°50'56"E 115.43 feet; thence S50°56'49"E 87.06 feet; thence S39°20'45"E 299.29 feet; thence S22°34'29"E 407.51 feet; thence S17°53'41"E 435.42 feet; thence S0°28'09"E 112.72 feet to the centerline of the Goff Farm Road; thence Westerly along said centerline the following: S86°1938"W 72.09 feet, S89°48'1T'W 716.41 feet, S88°41'36"W 495.5 feet; thence leaving said centerline and running N35°19'50"E 342.18 feet to the point of beginning, containing 26.61 acres, more or less, City of Fayetteville, Washington County, Arkansas. Subject to the Goff Farm Road right-of-way along the South line and any other easements and/or right-of-ways of record. , NOTICE APR 142006 CITY OF FAYETTEVILLE CITY CLERK'S OFFICE YOUR SIGNATURE HEREON SHOWS THAT YOU FAVOR THE ESTABLISHMENT OF AN IMPROVEMENT DISTRICT. IF THE DISTRICT IS FORMED, YOU MAY BE CHARGED FOR THE COSTS OF THE IMPROVEMENTS. BEFORE THE CITY COUNCIL OF FAYETTEVILLE, ARKANSAS PETITION TO FORM FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15-STONEBRIDGE MEADOWS, PHASES 4 AND 5 For its petition to form Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5, Meadows Enterprises, Inc. states: 1. Petitioner is the record title owner to all of the real property described in Exhibits "A" and "B" attached hereto and made a part hereof as reflected by the deed records in the office of the Circuit Clerk and Ex -Officio Recorder of Washington, County Arkansas. All of said property is located within the corporate limits of the City of Fayetteville, Arkansas. 2. Petitioner desires that the real property described in Exhibits "A" and "B" attached hereto and made a part hereof be established and laid off into a municipal property owners' improvement district pursuant to Ark. Code Ann. Sec. 14-94-101 et seq. for the purpose of constructing, purchasing, accepting as a gift or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and Afr 1� excavations necessary for the installation by public utilities or municipal utilities of electric and telephone distribution systems, sanitary sewers, streets and highways including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or for more than one of those purposes. 3. Petitioner desires that the district shall not cease to exist upon the acquiring, constructing or completion of the improvements, but it shall continue to exist for the purpose of preserving, maintaining, and operating the improvements, replacing equipment, paying salaries to employees, and performing any other functions or services authorized in Ark. Code Ann., Title 14, Chapter 94. 4. Petitioner names the following three individuals, pursuant to Ark. Code Ann. 14-94-105(a)(2)(B), as designated representatives of Petitioner to be appointed as commissioners of the district: William N. Meadows, Jack E. Meadows and Susan M. Meadows. 5. Petitioner proposes that the name of the district be Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5. WHEREFORE, Meadows Enterprises, Inc. hereby petitions the City Council of Fayetteville, Arkansas to adopt an ordinance establishing and laying off the real property described in Exhibits "A" and "B" attached hereto and made a part hereof into Fayetteville Municipal Property Owners' Improvement District No. 15- Stonebridge Meadows, Phases 4 and 5 for the purpose of constructing, purchasing, accepting as a gift or maintaining facilities for waterworks recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation by public utilities or municipal utilities of electricity and telephone distribution systems, sanitary sewers, streets including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or for more than one of those purposes. DATED this day of April, 2006. Meadows Enterprises, Inc. An Arkansas corporation By: �-t/ 6-t G /% -•-�-w William N. Meadows, President EXHIBIT "A" THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY, ARKANSAS: A PART OF THE SW 1/4 OF THE SW 1/4 OF SECTION 19, TOWNSHIP 16 NORTH, RANGE 29 WEST; COMMENCING AT THE SOUTHWEST CORNER OF SAID SW 1/4 OF THE SW 1/4, THENCE N89°56'10"E 1116.15 FEET, THENCE NORTH 620.00 FEET TO THE POINT OF BEGINNING, SAID POINT BEING ON THE EAST BOUNDARY OF STONEBRIDGE MEADOWS PHASE 3; THENCE ALONG SAID EAST BOUNDARY N00°00'00"W 501.49 FEET TO A POINT ON THE SOUTH RIGHT-OF-WAY OF RIVERMEADOWS DRIVE; THENCE ALONG SAID SOUTH RIGHT-OF-WAY S89°58'14T 59.96 FEET TO THE P.C. OF A CURVE TO THE RIGHT HAVING A RADIUS OF 75.00 FEET AND A CHORD BEARING AND DISTANCE OF S45°0053"E 106.09 FEET; THENCE ALONG SAID CURVE AN ARC DISTANCE OF 117.85 FEET; THENCE SOUTH 1.65 FEET; THENCE LEAVING SAID RIGHT-OF-WAY S89°57'06E 841.44 FEET TO THE CENTER OF CLEVELAND RAVINE; THENCE ALONG SAID CENTERLINE OF RAVINE S00°09'03"W 36.79 FEET, S19°3732"E 36.79 FEET, S01°46'14"E 36.74 FEET, S31°18'5l'W 87.33 FEET, S25°21'06W 147.48 FEET, S18°3549"W 113.07 FEET; THENCE LEAVING SAID CENTERLINE OF RAVINE S89°56'10'W 845.24 FEET TO THE POINT OF BEGINNING, CONTAINING 9.24 ACRES, MORE OR LESS. SUBJECT TO UTILITY EASEMENTS AND RIGHTS -OF -WAY OF RECORD. EXHIBIT "B" THE FOLLOWING DESCRIBED PROPERTY IN WASHINGTON COUNTY, ARKANSAS: A part of the N1/2 of the SE1/4 and a part of the SE1/4 of the NE1/4 of Section 24, Township 16 North, Range 30 West, being more particularly described as follows: Beginning at a point that is North 1849.07 feet and West 1204.81 feet from the Southeast comer of the SE1/4 of the SEI/4 of said Section 24 and running thence N5°29'35"W 427.78 feet; thence N4°31'14"E 519.57 feet; thence N24°40'14"E 163.32 feet; thence S67°47'56"E 383.63 feet; thence S80°50'56"E 115.43 feet; thence S50°56'49"E 87.06 feet; thence S39°20'45"E 299.29 feet; thence S22°34'29"E 407.51 feet; thence S17°53'41"E 435.42 feet; thence SO°28'09"E 112.72 feet to the centerline of the Goff Farm Road; thence Westerly along said centerline the following: S86°19'38"W 72.09 feet, S89°48'17'W 716.41 feet, S88°41'36"W 495.5 feet; thence leaving said centerline and running N35°19'50"E 342.18 feet to the point of beginning, containing 26.61 acres, more or less, City.of Fayetteville, Washington County, Arkansas. Subject to the Goff Farm Road right-of-way along the South line and any other easements and/or right-of-ways of record. atiaifl From: Clarice Pearman To: Smith, Sondra Date: 5.8.06 11:53AM Subject: Ord. 4866 Sondra, Attached is a copy of the above ordinance passed by City Council, May 2, 2006 regarding Stonebridge Meadows, Phases 4 & 5 establishing Municipal Property OwnersImprovement District No. 15. Thanks. Clarice CC: Audit FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15 - STONEBRIDGE MEADOWS, PHAES 4 AND 5 ASSESSOR'S OATH I, Alan C. King, Assessor for Fayetteville Municipal Property Owners' Improvement District No. 15 — Stonebridge Meadows, Phases 4 and 5 hereby swear that I will well and truly assess all benefits that will accrue to the landowners of the District by reason of ft State of Arkansas )ss. County of Pulaski On the X day of May, 2006, before me, the undersigned notary public personally appeared Alan C. King, known to me, (or satisfactorily proven) to be the person whose name he subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. In witness whereof, I hereunto set y hand and official seal. \\uuuu;inugq :' z MY = ota Public COMMISSION G:q ran Ex2l 5123113 %sfi/ •a........ PQ i1 cOUNT� ..n° RECEIVED MAY p 9 2006 CrnrOFFAYETTEVIU. CITYCIEmcs of icc FAYETTEVILLE MUNICIPAL PROPERTY OWENERS' IMPROVEMENT DISTRICT NO. 15- STONEBRIDGE MEADOWS, PHASES 4 AND 5 ASSESSMENT OF BENEFITS Prepared by: Alan C. 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C t 7 M M M M M M M M M M M M M M M M M C Em " —y a y G to to f9 sA to vs t9 t9 fA t9 t9 to t9 t9 to f9 to f9 t9 d 0 0— — -- — a,C m> 0000000000000000000 �m COOOOOOOOOOooOOOOOOo t4 4)NMaaoaovvrNavvv_vvaNf` W >0 E M N N N N qT N N N N N N N N N N N N V Q a m M M M M M M M M M M M M M M M M M M N hQ O 0= 'p N R O X E a ¢ G t9 H t9 fR t9 t9 t9 t9 t9 0 t9 t9 t9 t9 t9 fA t9 (9 t9 C„ 0000000000000000000 0 0 0 O 0 0 0 O O o 0 0 0 0 0 0 0 0 0 d O (5& yA aD W to N M O- - -) to N O O) 0) O) 0) W- - 0) W 0 W WE > p Y E N r r r N N r r r N r r r r r r r - OOm E £ > <0 —v)E/s wt9 to t9 wt9 v�us t919 us t9 t9 f9 rA t9 t9 M N Or OO TO rNM Nt0 r W W O N0(5 T O NNN N N N(0 N tom t0 t0 m tON 1� Q LL J c N N N 0 N N N N N N N N N N N N N N m m m m m m m m m m yy mm m m m m 0 N N N N N N N N (0 (0 N N N N CO to N U m m m m m m m m m m m m m m m m m m C L L L L L L L L L L L L L L L L L L m aa.a.a.a.a.a�nananmo.a ia.aa iann i.aIC o -1e 0 0 0 0 0 0 0 0 0 0 0 0 0 9 9 0 0 0 00 a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 novvvvvvvvvavvvvvvvv m m m m m m m 0 m m m m m m m m m m CI •� m m m m m m m m m m m m m m m m m m m o m m m m m m m m m m m m m m m m m m rnao)rnaoo as w rnaarn0 0 d v v v v v v v v v p vc v v v p v v a E 'C 'C 'E 'E 'C 'C C 'C C c C L 'c C 'C aaaaaaaaaaaaaaaaaa m m m m m m m m m m m m m m m m m C C 0 0 C C C C C C C C C C C C m 000000000000000000 - 0 co fA fAN 6Cn (0yyfnN yNUNNH FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15- STONEBRIDGE MEADOWS, PHASES 4 AND 5 AFFIDAVIT OF PUBLICATION OF NOTICE OF ENTRY OF TAX ORDER 05-30-06P03:51 RCVD AFFIDAVIT OF PUBLICATION STATE OF ARKANSAS, County of Washington Cl I, cciu CJll(.c ( (lam( do solemnly swear that I am __r au ,` `n n of 'the Morning News, a uaiiy newspaper having a general circulation in said county, and do solemnly swear the said advertisement was published for c ameecutttve r in said newspaper, the said publication appearing: tiny of .U% ,2(lfl (n day of day of ,.,. YI, V, day of �t ,$ia50or�' day of L$i4Aoo.,; $14,000., - $20,150., day of 820,1$0, I, $19650.;' { $19,00.,.. '; day of ued is day of `.>""'.$15aso,° Notary Public A'1 ^M:$1ti2O: 9 j tO it" a, ," 6$15;2501, "; .-• $15;250:; .:w d• 1$15,250.; L;16,25°. ir. ; 3 `≤ - — ¶1. e ,.'. $1,281:24, $132869, $i;328.69,.F big ordinance No. 4866 on May 2, 2006; and, WHEREASthe assess- Rtent of benefits has been Phase 5, Meadows,, Stonebridge Phase 5, duly made. by the Asses- Meadows, .__. -, sor of the District, who Stonebrldge -Meadows, was appointed by the Phase 5, Stonebrldge Board of Commissioners Meadows, phase 5, of the District, and filed in Lot • thn nfnr4 nf'tho City. Clerk 1, 2, 3, 4, 5, .6,7, 8, 9, 10, In on Assessor for., the District met at the place and at the time named. in. said notice as -a board of equalized to heat all core+ plaints, against the as- sessments and to equal- ized the same; and , WHEREAS,' no • protest , of the assessments was re- celved; and ` ' WHEREAS, the '•benefits received by each and every lot of real, estate situated in. the: District equal or exceed thelocal assessments thereon; and;. WHEREAS, the estimated cost of the Improvement's to the District. is $2,400,000 exclusive of capitalized... Interest, a debt service reserve fund and costs of - financing{ and WHEREAS, the. assessed benefits. (the "Assessed Benefits")" .amount. to �•- NOW, ' THEREFORE; BE IT - ORDERED by the ;Board,of, Commissioners :of; Fayet= teville Municipalproperty Owners' • ' Improvement District ,No. - 15- Stonebrldge , : Meadows; Phase 4 and 5: Section -1 Assesnient of. Benefits. That. each of the I,J. nt .n"1 mmnnrly In that xhibit "A' 'at - to and made a is hereby lev S'marnrnnnrtu clent to pay the estimated cost of the Improvements, with 10%fadded for un- foreseen contingencies. The tax shall be paid ,by the real property owners In the District in propor- tion to the amount of the assessment of, benfits thereon and is to be paid In annual installments, as provided in.. this Order. The tax shall be.collected by the County Collector with' general taxes' be- coming due Jul the, year 2007 andannually- there= after, until the whole of' the . local.: assessments shall be paid, at the rate per annum of 4.7453% of the Assessed Benefits as reflected on . Exhibit "A"' attached' hereto and made a parthereof.- Section 3. This Order shall have all the force of a judgement to. be paid by the real property in the District In the proportion' to the amount of the As- cnccnd Rannfite fhornnn ;100., $2,100., ,700. $2,700.; :,200.;' $2,200.,- '_511n `52.200;.. $1,900.,; $1,9001, q, $2,000.;' $1,900.. ;f $1',900.,'; $000.9i'. $1,900; 0. •d> Valueiof "Real After Imbfoye•.J -"'00: .$29,1 , $30,500.;1 •v. a - 4 $30,7004 1 _ ? $42,500., fr ; - $41,500, - 4 $42500., 1„ s $41500.; 1., $42200., .•f $41;500., V. $41;700., $41800., $52600., 7•i �,.:"i1 $42,700:, ).; : '.$43,200:, 1.,... , `.i $42,300.,. + .>'r'4 $42,900:, �'.$48,200., D., .-='b. D., .:"' " ' $42,400.. $42,400;,. 04'- ` $32,400:, 0., . : i .$32,400., 0.; .. 0.,- 14:$32,40D. 0.; 0.: f t„₹ 334,800., 7i'4 $32,700, !f F $32;300.j `$32,40,0., $34,800• .; o ,. $32,4°6,: 1 ¶32,4°0:, `$32,400.; r' l I�32;4do:. 35,50 I';' •$1912.37, $2,182.85, $1,912.37, .v$1;912:37: $1;912.37, $1,518.50, $1;447:32, $1,447.32,' .• : $1,44732; -$144732, $1,499:52, $1,542.23, $1,499.52, $1,447.32, . -,r "$1,44732, . -,, $1,447.32,. $1,542,23,' $1,44732, ,,: $1,447.32, ;$1,44132, _..;.$1,447:32, $1,447.32, $1,542.23;:: '1;'. 00;-;:;' s.: owner:. 1 -' 28,000.; : Iii Iac ows ' Enterprises, : Inc., „, .l• .ti ''28.000., Meadows • Enterprises. r°3°°' Inc, iMeadows Enter ) 39;300., " prises, Inc., Meadows En ( 0;30°.1 terpnss; Ind, Meadow: Enterprlsesi'..(Inc. .'r 39,800., ,Mead OS',I Enterprises,. ;, Inc. „ 'i t122! 39,300.; Meadows Enterprises .,, 39,300., Inc.,. , Mead�ws, Enter idea U itot 9enefits t �-;•, and Damages , \ '- . Fayetteville,MuoiiipM ; ;;•Property' ;ownets' hoir :, ;prt enieot+Dlstrlit Nonl5 - i Stonebridge;Meadows, �'. '' Description of BIOCN: i Stonebridge; 7.Fr'Meadows, Phaie,.; 4, , Stddebrld ge • ' Meadows,' '; .,Phase "'. 4, - Stoneb ridge ;i' ;.Meadows, Phase: ? 4,aa: Stonebridge .Meadows, . Phase.., 4, Stdnebrid_ ge j" -Meadows, "Phase'.; 4,p , Stonebridge Meadows,- '.Phase 4, ;Stonebrldge,i' Meadows, Phas�.L5,c Stoliebtid_ge Meadows,) • t Phase 5 . Stonebridge,: !'Meadows, Phase.,' 5, :,,Stonebridge Meadows,"'' Phase 5, Stonebridge • Meadows, • Phase;''5, Stonebridge Meadows, Phase 5,! Stnnehridoe. Meadnws , FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 15- STONEBRIDGE MEADOWS, PHASES 4 AND 5 AFFIDAVIT OF PUBLICATION OF NOTICE OF FILING OF ASSESSMENT OF BENEFITS 05-30-06P03:50 RCVD �,G�yC2e1Ns AFFIDA STATE OF ARKANSAS, County of Washington PUBLICATION do solemnly swear of The Morning News, a daily newspaper having a general circulation in said county, and do solemnly swear the said advertisement was published for , the said publication appearing: day of Subscribed and sworn to me this otary Public My Commission expires: Publication Charges: ( Pb