HomeMy WebLinkAbout61-74 RESOLUTION• I, _
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RESOLUTION NO. 6/—Vi
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 on Eva Avenue from Wedington
Drive South to the dead end of Eva 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 fin-
dingss;-and determinations are as follows, to -wit:
REPORT ON IMPROVEMENT OF EVA AVENUE FROM WEDINGTON DRIVE
SOUTH TO THE DEAD END OF EVA AVENUE
1. In accordance with a resolution passed and approved by
the Board of Directors on May 21, 1974, the City Manager was authorized
to perform studies for the improvement of Eva Avenue from Wedington
Drive South to the dead end of Eva Avenue.
This resolution 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 means available for financing said improvements.
D . The portion of the cost of said improvements 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 the
paving of'Eva Avenue from Wedington Drive South to the dead end of
Eva Avenue, the installation.of curbs and gutters, and the installation.
of sidewalks; all of said improvements to meet existing city standards
as set out in the Code of Ordinances and those resolutions supplementary
thereto.
3. The total estimated cost for street, curb, gutter, and
sidewalk construction on Eva Avenue from Wedington Drive South to
the dead end of Eva Avenue is $17,391.49.
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4. It is proposed that an assessment of $17,391.49 be
levied against the real property benefited by the proposed improve-
ments in order to reimburse the city for the cost of said improvements.
5. It is proposed that. the property owners be given a choice
of paying the assessments levied in a lump sum payment within 30
days after the completion of proposed improvements, or in 10 equal
annual installments bearing interest at the rate of 10% per annum.
If the property owner(s) choose(s) the installment method of payment,
the first installment shall be collected on or before December 1,
1974. Second and subsequent installments shall be paid at the time
provided by law for paying the final 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:
LOT # (Prairie OWNER APPROXIMATE ASSESSMENT
View Addition)
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=5 'LB. Harris $1,739.14
22 Loris Stanton &
C. A. Hughes 1,739.14
13 Loris Stanton &
C. A. Hughes •1,739.14
12 P. K. Kuroda 1,739.14
11 Tom Dodson 1,739.14
10 Ron Masters 1,739.14
9 Helen K. Littleton 1,739.14
8 W. B. Holt 1,739.14
7 George Blyholder 1,739.14
6 John P. Reed 1,739.14
$17,391.40
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF FAYETTEVILLE, ARKANSAS:
Section 1. 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 cost described above through uniform
assessed benefits upon each lot or parcel of property described above.
Section 2. That all resolutions, or parts thereof, in conflict
herewith be, and they hereby are, repealed.
PASSED AND APPROVED THIS 4.6rtm DAY OF
1974.