HomeMy WebLinkAbout06-72 RESOLUTIONM1
RESOLUTION NO. 6- ;
2
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 Cedar Street from Oak
Avenue to Lewis Avenue, 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:
REVISED REPORT ON IMPROVEMENT OF
CEDAR STREET FROM OAK AVENUE TO LEWIS AVENUE
1. In accordance with Resolution No. 11-70 passed and
approved by the Board of Directors on May 4, 1970, the City
manager was authorized to perform studies for the improvement
of Cedar Street from Oak Avenue to Lewis Avenue.
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 improvements.
C. The means available 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.
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2. The proposed street improvement project should include
complete street reconstruction on Cedar Street from Oak Avenue to
Lewis Avenue. Necessary improvements include excavation of
existing roadbeds; construction of base to meet current city
standards; repaving with two (2) inches of hot mix asphaltic
materials, thirty (30) feet wide; installation of concrete curb
and gutter on one side of the above street and installation of
a four (4) foot sidewalk on the remaining side of the above
described street.
3. The total estimated project cost for street reconstruction
on Cedar Street from Oak Avenue to Lewis Avenue is $11,205.004\
a. 5
4. It is proposed that the City would pay $0.00 of the
project cost with an assessment of $11,205`.00 being levied
against the real property benefited by the proposed improvements
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 assessments levied in a lump sum payable
within thirty (30) days after the completion of the proposed
improvements, 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
installment shall be collected on or before October 1, 1972.
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
Part, o:
of Sec
Range
P.M.,
Beginn
of the
40 acr
150 fe
feet;
thence
point
f th'e S W; of
tion 8, Towns
30 West of th
described as
ing 233.96 fe
Northwest co
e tract; then
e t; thence ru
thence run We
North 91.98
o f beginning
Part of
Section
Range 3
describ
365.94
west co
tract;
thence
West 13
feet to
the 3Wa
8, Town
0 West o
e d as fo
feet Sou
✓ ner of
thence r
South 11
3.33 fee
the poi
the NE;
hip 16,
e 5th
follows:
e t South
✓ ner of said
ce run East
n South 91.98
st 150 feet;
feet to the
of the
ship 16
f the 5
11ows:
th of t
said 40
u n East
6.98 fe
t; then
n t of b
NEa of
th P.M.,
Beginning
he North -
acre
133 feet;
e t; thence
ce 116.98
e ginning
Lot 1, Pittman's Northwest Sub-
division
APPROXIMATE ASSESSMENT
$1,680.00
1,500.00
1,125.00
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TRACT TRACT
Lot 2, Pittman's Northwest
Subdivision
Lot 3, Pittman's Northwest
Subdivision
Lot 4, Pittman's Northwest
Subdivision
Lot 10, Pittman's Northwest
Subdivision
Lot 11, Pit,tmans Northwest
Subdivision
APPROXIMATE ASSESSMENT
925.00
925.00
925.00
1,000.00
1,000.00
Lot 12, Pittman's Northwest
Subdivision 1,000.00
Lot 12A, Pittman's Northwest
Subdivision 1,125.00
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 gpoftibnbffithe
cost described above through uniform assessed benefits upon
each lot or parcel of property described above.
1972.
PASSED AND APPROVED this o424t day of 72414m47
ATTEST:
APPROVED:
/NQ CITY CLERK 1/