1383 ORD DECLARING NECESSITY AND ORDERING PAVING AND IMPROVEMENT OF CERTAIN STREETS AND PORTIONS THEREOF IN COP

Home Browse Search

Section 5. The costs af 5aid improvements shall be paid as followso to-wit: (a) The City shall pay all of the costs of drainage installations, wherever locatedp if any, all the costs of excavation, base preparation and paving within street intersections, and not less than one-third of the costs of excavation, base pre- paration and paving of all other portions of the streets involved. In cases where the City Council may deem it just and proper, the City shall also pay all or any part of the amount of any credited adjustment which may be allowed in the assessment of abutting properties and the owner thereofg as herein provided, for the cost of excavation, base preparation and paving, and of installation of curbs and gutters. The remaining costs of all such improvements shall be paid by the property abuttina such portion of said streets and the owners thereof. (b) The remainder of tYie costs of such improvements sha11 be assessed against the r espective abutting prooerties 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 abuttino 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 improve- ment. The amounts of such assessments shall con- stitute a first and prior lien upon all such pro - perties and a personal liability of the true and real owners thereof, whether correctly named or not, and shall be payable in installments as followss When the improvements herein ordered for the streets designated above and portions thereof have been completed and accepted by the City of Paris, 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 installments, due respectively thirty (30) days after one (1)v two (2), three (3), four (4) and five (5) years from the date of acceptance by the City, tooether with interest on each installment from said date of acceptance until paid at the rate of six,per cent (6/) per annum, payable annually; providedv 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 installments, 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 collectio n costs incurred, shall be and become immediately due and payable. Section 6. 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 certificates authorized by law to secure the payment of the respective property owner's part of the costs and improvements~ and if he shall be unable to obtain reasonable satisfactory security as to any abutting property or owner, the whole city block to which the frontage of any such property or