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HomeMy WebLinkAbout18-75 RESOLUTIONRESOLUTION NO. hR-y,S A RESOLUTION AUTHORIZING THE ALLOCATION OF FOUR THOUSAND, TWO HUNDRED, TWO DOLLARS AND TWENTY CENTS ($4,202.20) FROM THE 1974 REVENUE SHARING CONTINGENCY FUND TO FAYETTEVILLE STREET IMPROVEMENT DISTRUCT NUMBER 74-1 TO PROVIDE THE BALANCE OF CONSTRUCTION FUNDS NECESSARY TO COMPLETE THE EVA AVENUE PAVING PROJECT. WHEREAS, the assessed benefits for property within Fayette- ville Street Improvement District Number 74-1, organized for the purpose of improving Eva Avenue from Wedington Drive South to the dead-end of Eva Avenue, do not equal or exceed the cost of the project; and WHEREAS, the Board of Directors hereby determines that it would be in the best interest of the City for said project to be completed. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKANSAS: That the sum of Four Thousand, Two Hundred and Two Dollars and Twenty Cents ($4,202.20) be, and the same is hereby, allocated from the 1974 Revenue Sharing Contingency Fund to provide the balance of construction funds necessary for Fayetteville Street Improvement District Number 74-1 to improve Eva Avenue from Wedington Drive South to the dead-end of Eva Avenue. PASSED AND APPROVED THIS 4/4 DAY OF azaA 1975. (4, ATTEST 'IACD 1/25 e_a.L?ti,,.a xIt CITY CLERK • APPROVED: MAYOR