HomeMy WebLinkAbout68-74 RESOLUTION•
RESOLUTION NO.. 4,9-19
A RESOLUTION REPORTING THE COST ESTIMATES FOR STREET IMPROVEMENTS
IN THE PROPOSED MALLEY WAGNON ROAD"STREETIMPROVEMENT DISTRICT.
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 improvements on Malley Wagnon Road from
Highway 16 East north to the Fayetteville city limits; and
WHEREAS, pursuant to the above described studies, the Board of
Directors of the City of Fayetteville, Arkansas,(haas3 received:from
the City Manager certain findings and determinations, which findings
and determinations are as follows, to -wit:
--">-.rREPORT:ONrIMPROVEMENT."QF:.MALLEY'-WAGNONt'ROAD,FROMf':
HIGHWAY"16-'EAST=NORTH TO THE`FAYETTEVILLE CITY LIMITS
1. •In acdordance•with a resolution passed and approved by the
Board of Directors on August: 6, 1974; the City Manager was authorized
to perform studies for the improvement of Malley Wagnon Road from
Highway 16 East north to the Fayetteville city limits.
1'
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 improvements.
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 should include the paving of
Malley Wagnon-Road from Highway 16 East north to the Fayetteville city
limits, 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 supple-
mentary thereto.
3,
sidewalk
north to
The total estimated cost for street, curb, gutter, and
construction on Malley WagnonrrRoad`from Highway 16 East
the Fayetteville city limits is $13,144.45.
4. It is proposed that an assessment equivalent to the
total amount of construction costs plus an amount to defray
administrative, engineering, and legal fees be levied against
the real property benefited by the proposed improvements.
5. It is proposed that the assessments shall be paid
in successive annual installments so that the tax levied
in any one year shall not exceed 25 percentum of the assessed
benefits accuring to real property.
6. It is estimated that the assessments which would be
made against each lot or parcel of property would approximate
$13 per front foot, although assessments will not be based
solely on a front foot_basis. In determining the assessments
which will be levied against each lot or parcel of property,
the Board will consider'every factor which will make up the
sum total of benefits which each particular piece of property
will receive by reason of=.the improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF FAYETTEVILLE, ARKANSAS:
Section 1. That the Board of Directors agrees to establish
an improvement district pursuant to the provisions of Title 20,
Ch. 1-4 of the Arkansas Statutes for the purpose of making
the above described improvements, if petitions are filed with
the City Clerk containing the signatures of a majority in
value las shown by the last county assessment) of the property
to be assessed requesting that an improvement district be
created for the purpose of making such improvements.
Section 2. That all resolutions or parts thereof, in conflict
herewith be, and they hereby are, repealed.�
PASSED AND APPROVED THIS /'7z DAY OF �Zfc �,j� � _
1974.
FATTEST:
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' CITY-t>CLERK
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�r\ ..Fye+
APPROVE
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MAYOR
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