2470 ORD DECLARING NECESSITY FOR AND ORDERING IMPROVEMENT OF CERTAIN STREET AND HIGHWAY AND PORTION THEREOF IN COP

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Section 3. I'he City Council of the City of Paris deems it advisable and hereby determ.ines 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 statute of the State of Texas. Section 4. The costs of said improvements shall be paid as follows: (a) The costs of the curb and gutter, in the approximate amount of $7.70 per center line front foot, assessed on a front foot basis, shall be assessed against the respective abutting properties and the real and true owners thereof in accordance with the statutes 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 owners thereof for costs in excess of the benefits to such property in enhance value thereof by means of such improvement. Zhe amounts of such assessments shall constitute a first and prior lien upon all such properties and a personal liability 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 in- terest on each installment from said date of acceptance until paid at the rate of six per cent (6170) 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 installments 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. Fur, - ther, 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 de- fault 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 improvements to said street and highway shall be paid by the City of Paris and the State of Texas in accordance w ith City of Paris Resolution No. 1934, passed May 19, 1979, and State Department of Highways and Public Transportation Minute Order No. 75534, dated March 26, 1979.