ORD NO 01-1974 Pit:DI:NANCE NO. 171974
AN ORDINANCE ASSESSING THE VALUE OF BENEFITS
TO BE RECEIVED BY THE OWNERS OF EACH OF THE
SEVERAL. BLOCKS, LOTS AND PARCELS OF LAND WITH-
IN SEWER IMPROVEMENT DISTRICT NO ES -1 OF THE
CITY OF VAN BUREN, ARKANSAS
WHEREAS, a majority in value of the property holders owning
property adjoining the locality to be affected and situated in
Sewer Improvement District No. ES -1 of the City of Van Buren,
Arkansas, organized for the purpose of constructing a system
of sewers for the use of the inhabitants of said District; and
to dispose of the sewage by connections with sewer mains here-
tofore constructed, either within or beyond the limits of the
District, all to be Located and constructed in the places and
in the manner and of the materials that the Commissioners for
the said District shll deem for the best interest of the District,
have petitioned the City Council of the City of Van Buren for
the construction of said improvements, and that the costs
thereof shall be assessed upon the real property in said District
according to the benefits received; and
WHEREAS, said benefits received from each and every block,
lot and parcel of real property situated in said District
equal or exceeds the local assessment thereon; and
WHEREAS, t he estimated cost of said improvement is now
found to be the sum of $461 to apply on which the
District has Federal grants and other moneys in the sum of
186,200.00 leaving a cost to the District in the sum
of 21_5 I00.09 Lo be assessed and charged upon the real
property of the District according to the benefits received; and
the assessed benefits amount to y`�R.._put
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF VAN BUREN, ARKANSAS:
Section 1. That the several blocks, lots, and parcels
of real property in said Sewer Improvement District No. ES -1
be, and they are hereby, assessed according to the assessment
list as the same now remains in the office of the City Clerk
of the City of Van Buren, Arkansas, and that the same may be
annually readjusted by the Board of Assessors and that five
per cent 5 of said assessment of the value of
benefits to each of the said blocks, lots and parcels of land
shall be collected by the County Collector with the first install-
ment of general taxes becoming due in 1974 and annually there-
after with the first installment of general taxes until the
whole of said assessment shall have been paid, provided, how-
ever, that after the payment of the initial assessment in 1974,:;'
a
the annual assessment may be paid in quarterly installments,
along with the quarterly installments of ad valorem taxes at pe
the election of the tax payer. 4
Section 2. That all ordinances and parts of ordinances
in conflict herewith are hereby repealed, and this ordinance shall
be in full force and effect from and after its passage.
1
PASSED: January 14 197
APPROVED:
Mayor
ATTEST:
r
City Clerk
(Matters not pertaining to the said Improvement District
are omitted.)
There being no further business, the Council adjourned.
,dam
tMayor
ATTEST:,,
City Clerk