HomeMy WebLinkAbout14-71 RESOLUTIONRESOLUTION NO. 14-71
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WHEREAS, the Board of Directors of the City of Fayetteville,
Arkansas, a municipal corporation, did cause studies to be made
o f the needs for street improvement to Montgomery Street, Greenwood
Street, Irene Avenue and Alta Avenue in the Kinwood Addition, and
WHEREAS, pursuant to the above-described studies the Board
o f 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 MONTGOMERY STREET,
GREENWOOD STREET, IRENE AVENUE AND ALTA AVENUE
IN THE KINWOOD ADDITION
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
Montgomery Street, Greenwood Street, Irene Avenue and Alta Avenue
in the Kinwood Addition.
These instructions required a report to be made to the Board
o f 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 construction of all the named streets in Kinwood
Addition. Necessary improvements include reconstruction 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 sidewalk in lieu of
curb and gutter on the south side of Montgomery Street, the north
side of Greenwood Street, the east side of Irene Avenue and the
west side of Alta Avenue; installation of concrete curb and gutter
on the north side of Montgomery Street, the south side of Green-
wood Street, the west side of Irene Avenue and the east side of
Alta Avenue and the widening of the present bridges to thirty three
(33) feet.
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3. The total estimated project cost for street reconstruc-
t ion on Montgomery Street, Greenwood Street, Irene Avenue. and Alta
Avenue in the Kinwood Addition is $62,565.00.
4. It is proposed that the City would pay $0.00 of said cost
with an assessment of $62,565.00 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
e ach lot or parcel of property are as follows:
TRACT
B lock 1, Lot 2, Kinwood Addition
Block 1, Lot 3, Kinwood Addition
Block 1, Lot 4, Kinwood Addition
Block 1, Lot 5, Kinwood Addition
Block 1, Lot 6, Kinwood Addition
Block 1, Lot 7, Kinwood Addition
Block 1, Lot 8, Kinwood Addition
Block 1, Lot 9, Kinwood Addition
B lock 1, Lot 10, Kinwood Addition
Block 1, Lot 11, Kinwood Addition
Block 1, Lot 12, Kinwood Addition
APPROXIMATE ASSESSMENT
$1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
TRACT
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
3,
3,
3,
3,
3,
3,
3,
Block 3,
Block 3,
Block 3,
Block 3,
Block 3,
Block 3,
Lot
Lot
Lot
Lot
Lot
Lot
Lot
Lot
Lot
Lot
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1, Kinwood Addition
2, Kinwood Addition
3, Kinwood Addition
4, Kinwood Addition
5, Kinwood Addition
6, Kinwood Addition
7, Kinwood Addition
8, Kinwood Addition
9, Kinwood Addition
10, Kinwood Addition
Lot 11, Kinwood Addition
Lot 12,
Lot 1,
Lot 2,
Lot 3,
Lot 4,
Lot 5,
Lot 6,
Lot 7,
Lot 8,
Lot 9,
Lot 10,
Lot 11,
Lot 12,
Lot 13,
Kinwood Addition
Kinwood Addition
Kinwood Addition
Kinwood Addition
Kinwood Addition
Kinwood Addition
Kinwood Addition
Kinwood Addition
Kinwood Addition
Kinwood Addition
Kinwood
Addition
Kinwood Addition
Kinwood Addition
Kinwood Addition
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APPROXIMATE ASSESSMENT
$6,180.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
3,090.00
2,310.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
1,545.00
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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
above through uniform benefits upon each lot or parcel of property
described above.
PASSED AND APPROVED this 1st day of March , 1971.