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1976-001 NO AN ORDINANCE DEC/_~LRING THE NECESSITY ~OR AND OEDERING TH~ PAVINC AND I~tPROVW, MENT$ OF ;% PORTION OF GOEEE STREET FROM CRON TO SENA IN THE CITY OF DENTON~ TEXAS, ORDERING TO BE PREPARED AN ESTIMATE OF THE COST OF SUCH IMPROVEM~ENTS AND ORDERING THE PP~FPARATION OF PLANS AND ~PECIFIC~TIONS, DII{ECTTNG ~HE GIVING OF NOTICE, DETE~- MINING THE COST OF SUCH IMPROVEMENTS SHALL BE PAID BY THE CITY OF DENTON, PROVIDING A METHOD ~01' THA R~I~URSEMANT TO THA CITY O~ DENTON FOR A PORTION OF SUCH COST BY ASSESSMENT OF A PORTION OF SUCH COST AGAINST THE PROPERTY ABUTTING SUCH IMPROVEMENTS, AND FOR THE FIXING OF A LIEN TO SECURE PAYMENT FOR SUCH ASSESSMENT, DIRECTING THE CITY SECRFTARY TO FILE NOTICE OF THE ASSESSMENT, AND SPECIFYING ACTION UNDER ARTICLE 1105 REVISED CIVIL STATUTES THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS SECTION I A necessity exists for the permanent improvement of that certain portion of Gober Street from Crow to Sena as hereinafter listed and enumerated in Exhibit A, which is attached hereto and made a part hereof SECTION II Such street shall be improved by cutting or filling to bring it to grade, by widening and straightening, by constructing, reconstructing, repairing and realigning curbs, by constructing appurtenances and lncldentals to such ~mprovements, including all drains and culverts, all as shall be recommended by the City Engineer and approved by the City Council The City Engineer shall prepare an estimate of the cost of such improvement and shall draw and prepare all necessary plans and speclflcatlons SECTION III The City Secretary is hereby directed to cause to be prepared a notice of the enaatment of this ordinance and file said notice with the County Clerk of Denton County, Texas, among the mortgage or deed of trust records of said County SECTION IV The cost of such improvements shall be paid for by the City of Denton The City of Denton shall reimburse itself for not more than ninety (90%) percent of the cost of the improvements by the assessments against the respective abutting property and the real and true owners thereof in acoordance with the provisions of Article l105b, Revised Civil Statutes of the State of Texas The amount of such assessments shall constitute a first and prior lien upon all suoh property and a personal ±lability on the real and true owners thereof, whether correctly named or not The property abutting on the street shall be assessed on a per front foot basis, the estimated cost per front foot and the estimated total cost of the total paving being as set forth in Exhibit A No assessment shall be made until after the notice and hear- lng provided by law, and no assessment shall exceed the special bene- fits in enhanced value to the property and the owners thereof by reason of such improvements SECTION V Such assessment shall be payable either by (a) Placing an amount equal to the paving assessment in escrow for the Clty of Denton with the Director of Finance to be paid upon completion and acceptance of the paving by the City of Denton, or, (b) Executing a note or notes, payable to the City of Denton in an amount equal to the paving assessment to be assessed against the abutting property, said notes to be payable in equal monthly in- stallments not to exceed three years if the front footage is less than 300 feet, four years if the front footage is 300 feet to 400 feet, and five years if the front footage is over 400 feet Interest on the note or notes, payable in equal monthly in- stallments, shall be at a rate of eight (8%) percent per annum Any balance on any note that is due and owing and unpaid shall carry a straight interest rate of eight (8%) percent until paid Any such installment may be paid at any time before maturity by the payment of the prlnolpal and accrued interest thereon Past due principal and interest shall bear interest at the same rate -2- from maturlty until paid If default is made in the payment of any such ~nstallment or interest, the entire unpaid balance of the assessment plus ~nterest shall, without notice to the owners, and at ~e option of the holder of the Certificate of Special Assess- ment, if any, l~edlately become due and payable together with ex- penses of collection and reasonable attorney's fees, if incurred In the event of such default, collection shall be enforced by suit in any court having Upon the completion of the improvement and the acceptance thereof by the City of Denton, the assessment made against all ~uttlng proper~ owners who have not made arrangements for the payment of the assessment as above set forth, shall be l~edlately due and payable SECTION VI In m~lng such improvements, the City Council IS acting ~der the provisions of the Act passed at the f~rst called session of the Fortieth ~glslature of the State of Texas, known as Chapter 106 of ~e Acts of said session, together with amen~ents thereto also known as ~tlcle 1105b of Vernon's Civil Statutes, adopted by the Charter of the City of Denton, Texas PASSED and ~PROVED this the 6th day of January, A D 1976 0 R ~KS HOLT, Ci Y SEC~T~Y CITY OF DENTON, TE~S APPRO~D AS TO LEGAL FO~ PAUL C ISH~, CITY ATTO~EY CITY OF DENTON, TE~S -3- 1 Gober Street from Crow to Sena 2 This is an addition to Street Paving Assessment Project No 7, the low b~d being $758,596 31 and which will be increased to encompass Gober Street from Crow to Sena 3 The assessment to ad]o~nlng property owners is (a) Curb, gutter and street paving - $10 00 per front foot (b) Street paving where curb and gutter exists - $7 40 per front foot (c) Curb and gutter only $2 60 per front foot