HomeMy WebLinkAbout13-71 RESOLUTION7,
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RESOLUTION NO. 13-71
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WHEREAS, the Board of Directors of the City of Fayetteville,
Arkansas, a municipal corporation, did cause studies to be made
of the needs for street improvement to Turner Avenue from Weding-
ton Drive to Holly Street, and
WHEREAS, pursuant to the above-described studies the Board
of Directors of the City of Fayetteville, Arkansas, has received
from the City Manager certain findings and determinations, which
findings and determinations are as follows, to -wit:
REPORT ON IMPROVEMENT OF TURNER AVENUE FROM
WEDINGTON DRIVE TO HOLLY STREET
1. In accordance with Resolution No. 3-71 passed and
approved by the Board of Directors on February 1, 1971, the City
Manager was authorized to perform studies for the improvement of
Turner Avenue from Wedington Drive to Holly Street.
These instructions required a report to be made to the Board
of Directors containing the following listed data:
A. Determination of necessary improvements.
B . Determination of the approximate cost of said improve-
ments.
C. The available means for financing same.
D . The portion thereof which the municipality is willing
and able to pay.
E . The approximate assessment which would be made against
each lot or parcel of property.
2. The proposed street improvement project should include
complete street reconstruction on Turner Avenue from Wedington
Drive to Holly Street. Necessary improvements include recon-
struction of base to meet current City standards; repaving with
two (2) inches of hot mix asphaltic materials, twenty eight (28)
feet wide from flow line to flow line; installation of a four (4)
foot concrete sidewalk in lieu of curb and gutter on the west
side of said street; and installation of concrete curb and gutter
on the east side of said street.
3. The total estimated project cost for street reconstruc-
tion on Turner Avenue from Wedington Drive to Holly Street is
nine thousand six hundred forty eight dollars ($9,648.00).
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4. It is proposed that the City would pay $0.00 of said
cost with an assessment of $9,648.00 being levied against the
real property benefited by the proposed improvement to reimburse the
City for a portion of the cost of the improvements.
5. It is proposed that the property owner(s) be given a
choice of paying the assessment levied in a lump sum payable
within thirty days after the completion of the proposed improve-
ments, or in ten (10) equal annual installments bearing interest
at the rate of ten per cent per annum. If the property owner(s)
choose(s) the installment method of payment, the first install-
ment shall be collected on or before October 1, 1971. Second
and subsequent installments shall be paid at the time provided
by law for paying the first installment of general taxes on the
property.
6. The approximate assessments which would be made against
each lot or parcel of property are as follows:
TRACT APPROXIMATE ASSESSMENT
Lot 1, Turner-Faubus Addition $2,052.00
Lot 2, Turner-Faubus Addition 693.00
Lot 3, Turner-Faubus Addition 693.00
Lot 4, Turner-Faubus Addition 693.00
Lot 5, Turner-Faubus Addition 693.00
Lot 6, Turner-Faubus Addition 693.00
Lot 7, Turner-Faubus Addition 693.00
Lot 8, Turner-Faubus Addition 693.00
Lot 9, Turner-Faubus Addition 693.00
Lot 10, Turner-Faubus Addition 2,052.00
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of
the City of Fayetteville, Arkansas, that said municipality indicates
the desire to undertake the above described improvements provided
the owners of a majority in value of the real estate to be assessed
agree to repay said municipality the portion of the cost described
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above through uniform benefits upon each lot or parcel of property
described above.
PASSED AND APPROVED this 1st
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March , 1971.
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