Loading...
HomeMy WebLinkAboutOrdinance No. 181ORDINANCE NO. ,81 . An Ordinance declaring the method of apportioning and spreading the assessment for the cost of improvements in Special improvement District No. 29 of the City of Laurel, Udntana" providing for the payment for said improvements and issuing bonde'thereforeo and creating a fund.to be known as "Fund of Special Improvement District No. 29". OS LAUREL* BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY SECTION 1. That all cost and enee of making toe improvements provided for in Resolution No. 150 passed axod'approved on the 15th day of April, A.D. 19199 entitled, "Resolution of Intention to create Special Improvement Dis- trict No. 2900'for the purpose of constructing in conform- ity with the specifications adopted and approved by the City Council, a five (5) foot concrete sidewalk and curb as more particularly not forth, described and specified'in said Resolution, shall be paid for by the said entire District, each lot or parcel of land within such District bordering or abuttiiig"upon street or streets or avenues whereon or wherein the improvement has been made in proportion to the lineal feet abutting or•bordering the same exclusive of streets, alleys and public places. SECTION 2. That the cost and expense of making said improvements shall be paid in ten (10) annual install- ments, and for the entire cost and oWnse of said improve- ments, bonds are to be drawn on the fund of said Special IEprovement District No. 29 and made payable exclusively from said fund. Such bonds. shall be of. the denomination 'of One Hundred ($100.00) Dollars or multiples or fractions thereof. Such assessments shall be paid in ten (10) annual installments and the payment of said annual installments of said assessments "d of said cost and d nse are hereby extended over a period of ten (10) years from and after the completion of . se.id improvements. All money derived from the collection o stid'aslaosements by installments shall constitute a fund to be known as "Fund of Special Improvement District No. 290. SECTION 3. All ordinances or parts of ordinances in conflict with or inconsistent with the terms of this ordinance are hereby repealed. Passed by the City Council and approved by the Mayor this 5th day of APPROM : Chi s . D i s mayor. Jas, H. Jordan *911$ST. C y er .