4 - City of Oxford

97768- Kr*
MINUTE BOOK No. 24, CITY OF OXFORD
items of cost referred to in Chapter 495, aforementioned, shall be a charge
upon the property benefited and be paid by assessing the entire cost of such
improvements to the abutting property and property owners on each side of that
part of South 9th Street to be improved, according and in proportion to the
entire front footage thereof, in the manner provided by Chapter 495 and amend-
ments thereto and paid by the owners of such abutting property. The area to
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be benefited by all of the aforementioned improvement is defined as that property
owned by the persons who own property abutting that part of South 9th Street
proposed to be improved.
Section 3. That the cost to be assessed against each of the respective
lots sbutting on the street to be so improved is less than the benefits which
will accrue to each of the respective abutting lots.
Section 4. That the proportionate share of the total cost to be assessed
against the abutting property and paid by the abutting property owners may be
paid in either of the alternative methods provided by Chapter 495 and amendments
thereto.
Section 5. That the cost of the proposed improvements shall include all
engineering and inspection costs, a propert proportion (to be determined by the
Mayor and Board) of the compensation, salaries, and expenses of the City, char-
gable to the improvements, all cost and estimated cost of the issuance of any
bonds to be issued on account of the improvements, and interest which will accrue
while the improvements are under construction and for six (6) months thereafter.
Section 6. That the City Engineer shall furnish to this Board as soon as
practicable his estimate of the cost of said improvements so that bonds may
be issued.
Section 7. That the City Engineer be and he is hereby authorized to con-
struct, or cause to be constructed, the improvements heretofore described in
this resolution as soon as funds are available, said improvements to be con-
structed in accordance with the plans and specifications referred to in the
resolution declaring the same necessary. That the City Engineer be and he is
hereby required to keep an accounts of the cost of said special improvements
and make a report to this governing authority in order that said governing
authority may levy the special assessment against the abutting property owners
on the basis above specified.
Alderman McLaurin seconded the motion to adopt the foregoing resolution
and, the question being put to a roll call vote, the result was as follows:
Alderman Owens voted Yea
Alderman McLaurin voted Yea
Alderman Sisk voted Yea
Alderman King voted Yea
Alderman Hannaford voted Yea