87-043 ORD DECLARING NECESSITY FOR AND ORDERING IMPROVEMENT OF CERTAIN STREET AND PORTION THEREOF IN COP

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Section 3. The City Council of the City of Paris deems it advisable and hereby determines to proceed under and exercise the powers, terms and provisions of Article 1105b, Vernon's Annotated Texas Statutes, and the provisions of the Charter of the City of Paris adopting such statue of the State of Texas. Section 4. The costs of said improvements shall be paid as follows, to-wit: (a) The costs of the curb and gutter, in the approxi- mate amount of $7.00 per center line front foot, assession on a front foot basis, shall be assessed against the respective abutting properties and the real and true owners thereof in accordance with the statues of Texas and the Charter of the City of Paris herein referred to. No assessment shall be made against any abutting property or the real and true owner thereof for costs in excess of the benefits to such property in enhance value thereof by means of such improvement. The amount of such assessments shall constitute a first and prior lien upon all such properties and a personal Ziability of the real and true owners thereof, whether correctly named or not, and shall be payable in installments as follows: When the improvements herein ordered for the street and highway designated above and portions thereof have been completed and accepted by the City of Paris and the State Department of Highways and Public Transportation, the amount of the assessment against each property abutting thereon and the real and true owner thereof shall be and become payable in five (5) equal annual principal installments due respectively thirty (30) days after one (1), two (2), three (3), four (4) and five (5) years from the date of acceptance by the City of Paris and the State Department of Highways and Public Transportation, together with interest on each installment from said date of acceptance until paid at the rate of six per cent (6%) per annum, payable annually; provided, however, that the owners of any of said property shall have the privilege of paying all or any of said install- ments at any time before maturity thereof by paying the total amount of the principal of such installment, together with the interest accrued thereon to the date of payment. Further, if default be made in the payment of any of said installments of principal or interest promptly as the same mature, then at the option of the City of Paris, the entire amount of the assessment upon which default is made, together with reasonable attorney's fees and all collection costs incurred, shall be and become immediately due and payable. (b) That all of the remaining costs of the improve- ments to said street and highway shall be paid by the City of Paris and the State of Texas in accordance with City of Paris Resolution No. 87-073 passed on July 13, 1987, City of Paris Resolution No. 83-063 passed on September 12, 1983, and State Department of Highways and Public Transportation Minute Order No. 81169 00015, dated August 25, 1983. Section 5. The City Manager of the City of Paris is hereby authorized to secure and obtain any security lien, or document desired, in addition to the paving assessments and