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HomeMy WebLinkAboutOrdinance 4726 � T ORDINANCE NO. —4 � ORDINANCE ACCEPTING IMiPROVEMENTS ON A PORTION OF LLOYD AVENUE IN THE CITY OF FORT WORTH, TEXAS; DECLARING THE CONTRACT WITH TEXAS BITULITHIC COMPANY FOR THE CON- STRUCTION OF SAID IMPROVEMENTS FULLY COMPLETED AND PER- FORMED. DIRECTING THE ISSUANCE, EXECUTION AND DELIVERY OF CERTIFICATES IN EVIDENCE OF SPECIAL ASSESSMENTS LEVIED AFTER GIVING EFFECT TO SUNDRY CREDITS HEREIN AUTHORIZED AND ALLOWED AGAINST SOME OF SAID ASSESSM:ENTSs DIRECTING THE CITY SECRETARY TO ENGROSS AND ENROLL THIS ORDINANCE BY COPYING THE CAPTION OF SAME IN THE MINUTE BOOK OF THE CITY COUNCIL OF FORT WORTH, TEXAS, AND BY FILING THE COM- PLETE ORDINANCE IN APPROPRIATE ORDINANCE RECORDS OF SAID CITY: AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Fort Worth, Texas, has heretofore entered into a contract with Texas Bitulithic Company for the making and construction of certain street improvements on the hereinafter described portions of Lloyd Avenue in said City, to-wits Lloyd Avenue From the southerly line of Avenue H to the northerly line of Avenue M, known and designated as Unit #16. WHEREAS, by sundry proceedings heretofore passed by the City Council of the City of Fort Worth, Texas, including Ordinance No. 4451, a portion of the cost of said improvements was levied and assessed against the respective properties abutting on each of the above described portions of streets, avenues and public places and against the real and true owners thereof; and, WHEREAS, the City Council of the City of Fort Worth, Texas, has, upon review, found and determined that, in some instances, in order to effect substantial justice and equality, it is desirable and necessary to grant and issue certain credits against some one or more of the assessments levied by Ordinance No. 4451, and, WHEREAS, the street improvements hereinabove mentioned have been com- pleted upon each of the portions of streets, avenues and public places hereinabove described, and have been inspected and found to be in complete accordance with the contract therefor; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, THATt I. The improvements on each of the portions of streets, avenues and public places hereinabove described be, and they are hereby, accepted; and the con- tract with reference thereto be, and it is hereby, found and declared fully completed and performed. - 1 - A. The Mayor be, and he is hereby, directed to issue anj execute in the name of the City, certificates in evidence of the special assessments levied against abutting property and the owners thereof for such improvements, and the City Secretary is directed to attest same and iaVress thereon the cor- porate seal of the City, all in accordance with the proceedings relating to such improvements and assessments. The certificates shall be numbered, shall describe the property against which the assessoent has been levied, shall, where known, state the name or names of the true owners of the respective parcels of property assessed and shall be issued in an amount equal to the difference between the principal amount of the assessnent and tie amounts of any credit issued thereon. The nupbers of the certificates, Ath the property escriptiuns to be shcr:n on, the respective certificates, together with the names of the owners of said pwo- perty3 the principal amount of the assessment, the respective credits, if any, which are hereby authorized, granted and allowed against the principal amount of some one or more of the assessments heretofore levied, and the principal amount for which each certificate is tc be issued after giving effect to such credit, if any, are hereby enumerated and itemized as follows: - 2- Vihen each of the certificates has been duly executed as hereinabove provided, same shall be delivered to the Texas 3itulithic Company as part pay- Lent of the contract price. IV. The City Secretary is hereby directed to engross and enroll this ordinance by copying the caption of same in the Minute Book of the City Council of Fort ;forth, Texas, and by filing the complete ordinance in the appropriate Ordinance Records of said City. V. 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