HomeMy WebLinkAboutOrdinance No. 638-A
ORDINANCE NO. 638- A
AN ORDINANCE DECLARING THE METHOD OF APPORTIONING AND
SPREADING THE E MENT FOR THE COST F IMPROVEMENT IN
SPECIAL IMPROVEMENT DISTRICT NO. 969 FOR THE PAYMENT
OF SAID IMPROVEMENTS, ISSUING BONDS THEREFOR, AND
CREATING A FUND TO BE KNOWN AS:
"FUND OF SPECIAL IMPROVEMENT DISTRICT NO. 96"
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
LAUREL, MONTANA:
Section 1. That all costs and expenses of making said
improvements provided for in that certain petition for creation
of Special Improvement District No. 96 of the City of Laurel,
Montana, designating the number of said District, describing
the boundaries thereof, stating the general character of the
improvements made therein, stating an approximate estimate of the
cost thereof, and the manner of paying therefor, for the purpose
of construction and installation of water services in the East
half of Blocks 21, 22 and 23 of East Yellowstone Subdivision,
according to the official plat thereof on file and of record in
the office of the Clerk and Recorder of Yellowstone County,
Montana, all in accordance with the plans and specifications of
the City of Laurel, Montana, shall be paid by said entire District,
each lot or parcel of land within said Distract to be assessed
for that portion of the whole cost which its area bears to the
total area of the entire District, exclusive of streets, avenues,
alleys and public areas, and the Council declares and finds that
the entire District is benefited by the aforesaid improvements
and shall be assessed accordingly to pay the costs and expenses
thereof.
Section 2. That the cost and expense of making said improve-
ments shall be paid in ten annual installments, and for the entire
cost and expense of making said improvements, bonds are to be
drawn on the funds of Special Improvement District No. 96
and made payable from such funds. Such bonds shall be in denomi-
nations of $100.00-or fractions or multiples thereof. Such
assessments shall be made in ten annual installments, and the
payment of such annual installments and the said costs and expenses
are hereby extended over a period of ten years from and after
the completion of said improvements, said payments to constitute
a fund to be known as "Fund of Special Improvement District
No. 96."
Section 3. All ordinances or parts of ordinances in conflict
herewith are hereby repealed.
PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR, this
day of , 1977.
ATTEST:
CITY CLERK
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