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5396
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1983
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5396
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Last modified
12/22/2011 5:59:52 PM
Creation date
11/5/2014 12:16:43 PM
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City Ordinances
Passed
7/11/1983
Ordinance Number
5396
Bill Number
7600
Description
Leving a special assessment of tax against abutting property for improvement of Lamb Ave.
Introduced By
Councilmember Adams
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and bond as herein provided within the time limit specified, to wit, ten (10) <br /> days, the cashier's or certified check or bid bond so deposited, as herein <br /> referred to, shall be forfeited to said City as liquidated damages. The <br /> successful bidder will be required to comply <br /> with all the laws of the State of <br /> Missouri pertaining to wages paid workmen employed on public contracts as well <br /> as all other provisions of- the law affecting public contracts. <br /> Section 5. The "Whole Cost" of the improvement is estimated to be <br /> FORTY SEVEN THOUSAND SEVEN dUNDRED EIGHTY NINE DOLLARS (($47,789.00). <br /> Section 6. The tax bill portion of this improvement, which is SEVEN <br /> THOUSAND TH REE HUNDRED FIFTEEN AND NO/100 DOLLARS ($7,315..00), shall be levied <br /> as a special assessment or tax against a benefit district which shall consist <br /> of all lots and parcels of land fronting or abutting the improvement in the <br /> name or names of the respective owner or owners thereof, on each side of said <br /> street within the limits described in Section One hereof, in the amount of <br /> ELEVEN AND N0 1100 DOLLARS ($11.00) per linear foot of all lots or parcels of <br /> land fronting on the improvement and FIVE AND 50/100 DOLLARS ($5.50) per <br /> linear foot of all lots or parcels of land having a side or rear line abutting <br /> the improvement. <br /> Section 7. Payment for the cost of said tax bill portion of this <br /> improvement shall be made by certified special tax bills in accordance with <br /> the provisions of Section 6 of this ordinance, which shall be issued to the / <br /> contractor in payment for doing this work. <br /> The said tax bills shall mature and become payable thirty (30) days <br /> after the date of issue except those tax bills which are payable in ten (10) <br /> annual installments, the first of which shall mature and become payable thirty <br /> (3 0) days after the date of issue, and the remaining installments at consecu- <br /> tive one (1) year intervals thereafter. All tax bills shall bear interest at <br /> the rate of eight (8) per centum per annum, beginning thirty (30) days after <br /> date of issuance. At the option of the contractor the City will purchase said <br /> tax bills at par. <br /> Section 8. The City of University City shall pay` the balance of the <br /> "Whole Cost" of the improvement which is estimated to be approximately FORTY <br /> THOUSAND FOUR HUNDRED SEVENTY FOUR AND N0 1100 DOLLARS ($40,474.00), out of <br /> available City funds. <br /> 3 <br />
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