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HomeMy WebLinkAboutOrdinance 831 AN ORDINANCE �( I setting aside a portion of the tax levy for the Park Department of the City of Fort Worth, for the years 1922, 1923 and 1924 to pay for improve- ments of streets abutting on Circle Park. BE IT ORDAINED BY THE BOARD OF CO&MBSIONERS, of the City of Fort Worth, Texas, THAT, irhereas, on the 28th day of September 1920, the Board of Commissioners of the City of Fort Worth directed the improvement of Lin- coln Avenue between Central Avenue and Circle Park Avenue by paving etc., and WHEREAS, on the 12th day of March 1921, the said City of Fort Worth did en- ter into a contract with the Texas Bitulithic Company for the construction of said improvement and pe.ving on said streets, and WHEREAS, on the 27th day of December 1921, the said City through its Board of Commissioners did levy an assessment against the Fort Worth Park Department for paving said streets in front of Circle Park, fronting (200) feet on said Lincoln Avenue amounting to #1386.44, and interest not to exceed eight per cent from date of completion and acceptance of said improvement, and WHEREAS, the Board of Park Commissioners has requested the Board of Commis- sioners of the City of Fort Worth, Texas tPct. eet aside a portion of the tax levy for said Park Department of the City of Fort Worth for the years 1922, 1923 and 1924 for the purpose of paying and defraying the cost of the im- provement as assessed against the Fort Worth Park Department of the City of Fort Worth. NOW THEREFORE, be it further ordained by the said Board of Commissioners of the City of Fort Worth, as follows; to-wit, that one-tenth (110) cent on each one hundred dollars of the tax levy for the year 1922, one-tenth (1/10) of one cent on each one hundred dollars of the tax levy for the year 1923 and one-tenth (110) of one cent on each one hundred dollars of the tax levy for the year 1924 out of the tax levy for the Park Department of the City of Fort Worth for the several years aforesaid, be set aside and applied to the payment of the assessment made against said Park Board of the City of Fort Worth. That out of the above sums so set aside for payment for the im- provement and paving of said streets in front of Circle Park, there shall be paid to said Texas Bitulithic Company on the 15th day of October, 1922, the sum of $462.15 and all accrued interest, and on the 15th day of Oetober 1923, the sum of ( $462.15) and all accrued interest, and on the 15th day of ActOof 1924 all of the remaining amount of principal, and accrued interest; all sums bearing eight per cent per annum interest, from date of acceptance of said improvement and paving by the said Board of Commissioners, provided that the right is reserved to the city to pay any of said sums before maturity at its option out of any funde which may be available. That the accounts hereby set aside for the purposes herein stated shall constitute a special and sacred fund for the purpose of paying for said pavement, and shall be appropriated for no other pur- pose. That this ordinance shall take effect from and after its passage. MINUTES OF THE MEETING OF THE FORT WORTH PARK BOARD HELD ON April 20th 1922. BE IT RESOLVED by the Fort Worth Park Board in session assembled and held on April 20th 1922, there being present, ami-.4a chairman, Ada Bardwell Secretary, ` THAT WHEREAS, the City of Fort Worth, Texas has heretofore direct- ed and ordered the improvement and paving of Lincoln Avenue between Central Avenue and Circle Park Avenue in the City of Fort Worth, Texas, and has entered into a contract with the Texas Bitulithic Compapy for the construction of said improvement and paving. AND WHEREAS the Board of Commissioners of the said City did levy an assessment against the Fort Worth Park Department for the paring said Avenue in front of Circle Park fronting 200 feet on said Lincoln Avenue amounting to $1386.44, and interest thereon not to exceed eight per cent per annum from date of completion and acceptance of the paving. AND WHEREAS it is to the best interest of the Park Department and City in general that said im- provement and paving of said Avenue in front of said Circle Park be im- proved and paved along with the rest of said Avenue, and the Park Depart- ment should pay its pro rata part of the cost for the improvement and paving of said Lincoln Avenue in accordance with the assessments levied against it by the Board of Commissioners of the City of Fort Worth. THEREFORE BE IT FURTHER RESOLVED that the Chairmanof the Park Board be directed to request the Board of Commissioners of the City of Fort Worth, Texas, to set aside a portion of the tax levy for said Park De- partment of the City of Fort Worth for the years 1922, 1923 and 1924 for the purpose of paying the cost of the improvement ass assessed against the Fort Worth Park Department of the City of Fort Worbh, Texas. AND BE IT FURTHER RESOLVED that the Chairman of the Park Board and its Secretary be and it hereby directed and authorized to execute a written contract with the said Texas Bitulithic Company obligating and binding the Park Department of the City of Fort Worth, Texas, to x � pay the said assessments, as above stated, payable as follows; $462.15 on "October 15th, 1922 and $462.15 payable on 46tahs* 15th, 1923, and the balance payable on :Qctobar, 15th, 1924, with interest from date of completion and acceptance of said paying at eight per cent per annum, with the option of paying all of it at any time the said Park Department may so desire, and to secure the payment of said assessment in accordance with the said Qrdinance levying said assessment, give a lien on the prop- erty known and described as Circle Park.