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1965-032 AN ORDINANCE ~LOS]l%~ THE HEARING AND LEVYING AN ASSESSMENT ON THE REAL AND TRUE OWNERS OF PROPERTY ABUTTING THE STREETS SPECIFIED HEREIN, FINDING AND DETERMINING THAT EACH AND EVERY PARCEL OF PROPERTY ABUTTING UPON SAID STREETS WITHIN THE LIMITS DE- FINED WILL BE SPECIFICALLY BENEFITED AND ENHANCED IN VALUE IN EXCESS OF THE AMOUNT OF THE COST OF SAID IMPROVEMENTS, FIXING A CHARGE AND LIEN AGAINST ~LL SAID ABUTTING PROPERTY AND THE REAL AND TRUE OWNERS THEREOF, PROVIDING FOR THE ISSUANCE OF ASSIGNABLE CERTIFICATES UPON THE COMPLETION AND ACCEPTANCE OF SAID WORK, PROVIDING FOR THE MANNER ~F PAYMENT OF SUCH ASSESSMENT, THE RATE OF INTEREST AND THE CONDITIONS OF DEFAULT THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS, THAT SECTION I The City Councml of the Cmty of Denton, Texas, fmnds the Cmty Engineer has prepared an estmmate of the cost of mmprove- ments on Projects numbered / , ~~--, the estimate of cost having been completed and fmled mn the offmce of the Cmty Engmneer ten days prmor to the date of thms ordmnance and the estimates of cost so prepared and fmled are hereby approved The City Councml further fmnds that the plans and speclfmcatmons prepared by the Cmty Engmneer for the mmprove- ments of the herein named streets are satmsfactory, and such plans and specmfmcatmons are hereby approved The City Council fmnds that due not~ce and opportunmty to be heard on thms assessment has been gmven, and that notzce of the public hearmng was given at least ten days before the date of the hearmng and mnserted at least three tmmes mn a newspaper published in the Cmty of Denton, as requmred by law The public hearing was opened and held mn accordance wmth the ordinance and notmCe, at whmch tmme and place an opportunmty was gmven to all of the persons, fmrms, corporations and es%ares ownmng or clammmng any such abuttmng property, or any mnterest theremn, to be heard and to offer evmdence as to all matters in accordance wmth samd ordinance and notmce In the course of the hearmng, suffmcment and oompetent evmdence was heard showmng that the improvements to be placed along the property mnvolved would mn each mnstance mncrease the value of such property by more than the cost of such mmprovements to the property owners Based on the evmdence, matters, testimony and ob]ectzons consmdered at such hearmng, the said City Councml has determmned that the propertmes and each and every parcel of such property abutting upon the streets and units as hereinafter set out wmll be enhanced mn value and spec~f- mcal~y benefmted mn an amount mn excess of the amount of the cost of such mmprovements proposed to be, and as heremnafter assessed agamnst each of said parcels of property, abuttmng upon samd streets and the real and true owners thereof The cost of mmprovements of each portmon of street ordered mmproved heremn shall be apportmoned among the parcels of abutting property and owners thereof ~n accordance wmth the front foot plan, whmch plan ms found to be famr and equmtable SECTION 2. There is hereby levied and assessed against the parcels of property described in Exhibit B attached hereto and made a part hereof, and against the real and true owners thereof, whether such owners are named or correctly named in such ex- hibit or not, the sums of money shown opposite the description of property in such exhibit SECTION 3. Where more than one person, f~rm or corporation owns an interest in any parcel of property described in Exhibit B, each owner shall be personally liable only for the pro rata share of the total assessment against such property in proportion as such owner's interest bears to the real ownership of such property, and such ownerh interest in such property may be released from the assessment lien upon payment of such proportional sum SECTION 4 The several sums mentioned in Exhibit B and assessed against the respective parcels of property described there~n and the owners thereof and interest thereon as specified herein, together with expenses of collection and reasonable attorney's fees, if ~ncurred, shall be a first and prior lien on the respective par- cels of property assessed superior to all other l~ens and claims, except State, County School Dlstr~ct and City Ad Valorem taxes, and Shall be a personal liability and charge against the real and true owners of such property, whether such owners are named or correctly named in such exhibit or not SECTION 5. The several sums mentioned in Exhibit B and assessed against the respective parcels of property described therein and the owners thereof shall be payable by one of the alternative methods below set forth (A) Placing an amount equal to the paving assessment ~n escrow for the City of Denton with the City Engineering Department to be pa~d 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 pav~ng assessment to be assessed against the abutting property, said notes to be payable in equal monthly installments not to exceed ~ years Interest on the note or notes, payable ~n equal monthly installments, shall be at a rate of 8% per annum. Any balance on any note that ~s due and owing and unpaid shall carry an interest rate of 8% per annum until pa~d In the event that the total amount of paving assessment against any one lot ~s less than two hundred dollars ($200.00), two notes shall be executed by the owner of the property, payable to the City of Denton as follows The first note equalling 50% of the paving assessment to be assessed against his property is to be paid upon completion and acceptance of the paving by the City of Denton The second note equalling the remaining 50% of the paving assessment to be assessed against the property shall be payable in twelve equal monthly installments, the first installment being due and payable thirty days after the completion and acceptance of the paving by the City of Denton, and the balance shall be paid in eleven equal monthly installments, payable on the same date of each month thereafter, and shall bear interest at the rate of 8% per annum. Any such installment may be paid at any time before maturity by the payment of the principal and accrued interest thereon Past due principal and interest shall bear interest at the same rate from maturity until paid If default is made in the amount of any such installments or interest, the entire unpaid balance of the assessment plus interest shall, without notice to the owners, and at the option of the holder of the Certi- ficate of Special Assessment, if any, immediately become due and payable, together with expenses 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 3urlsdlctlon (C) In the event the amount payable for the paving assessment is not p~aced in escrow, as provided in paragraph (A) above, or by the execution of notes, as provided in the foregoing paragraph, the full sum of the assessment as shown in Exhibit B shall be due and payable upon the completion and acceptance of the work provided for herein SECTION 6 For the purpose of evidencing the several assessments levied, assignable certificates may be issued by the City of Denton upon completion and acceptance of the improvements Such certificates shall, if issued, be executed by the Mayor, signing the same, or by h~s facsimile signature impressed thereon, and attested by the City Secretary, under the impress of the corporate seal, and shall be payable to the City of Denton or 1ts assigns Such certificates shall provide in substance the following (A) The ammunt of the assessment as specified in Exhibit B, together with time, terms, rate of interest and conditions of payment as specified in Section 5 above (B) The terms and conditions of default as specified in Section 5 above (C) That the proceedings with reference to making the improve- ments therein referred to have been regularly had in com- plzance wlth the law and that all prerequisites to the fixing of the assessment lien against property described in the certificate and the personal liability of the owner or owners thereof have been performed (D) Coupons may be attaohed in evidence of the several install- ments which may be signed with the facsimile signatures of the Mayor and City Secretary (E) That the Clty of Denton shall exercise all of its lawful powers when requested by the holder to aid ~n the collection thereof. Such certlflcates may also contain other appropriate and pertinent recitals SECTION 7 In the event any such assessment for any reason whatsoever shall be held or determined to be invalid or unenforceable, then the City Council reserves the r~ght to supply any deficiency in proceedings with reference thereto and correct any mistake or irregularity in connection therewith, and at any time to make and levy reassessments after notice and hearings as nearly as possible · n the manner provided by the Statute referred to in Section 8 hereof for original assessments and sub3ect to the provisions thereof with reference to special benefits SECTION 8. Such assessments are levied under the provisions of the Acts of the Legislature of the State of Texas, known as Article 1105 b of Vernon's Texas C~vll Statutes PASSED and APPROVED th~s day of , ,__~ A D. 1965. Warren Whltson, Jr., Mayor City of Denton, Texas ATT~.~ ar City of Denton, Texas APPROVED AS TO LEGAL FORM CITY OF DENTON PAVING ASSESSMENT W.W~T ~IT "B" NAME & EXTENT NAME ADDRESS ACTUAL ACTUAL OF OF OF FOOTAGE COST STREET OWNER OWNER HEADLEE LANE 1.Four M 600 M~mosa Drave 2,215.74' $ 14,158.58 from the welst ragh~ Developers of way lane of Beaumont Street to 2.W.J. McCray 519 Headlee Lane 1,328 00' $ 8,485.92 the east raght of way lane of Hxnkle 3.J.S. Gamblll 606 Contanental 900.00' $ 5,751.00 Drlve Estate Life Bualdang, Fort Worth, Tex, 20~ from ct ~ ri( w~y ne Bis ~e ~, Texas