Type: NOTParty: Spring Hill Manor Municipal property owners' sewer improvement district No. 125 Of Bryant, ARCounty: SalineAttorney/Contact: G. Robert Hardin
NOTICE: NOTICE IS HEREBY GIVEN THAT THE BOARD OF COMMISSIONERS FOR SPRING HILL MANOR MUNICIPAL PROPERTY OWNERS’ SEWER IMPROVEMENT DISTRICT NO. 125 OF BRYANT, ARKANSAS HAS ENTERED INTO ITS RECORDS THE FOLLOWING ORDER LEVYING UPON THE REAL PROPERTY OF THE DISTRICT A SUFFICIENT TAX TO PAY THE ESTIMATED COST OF THE IMPROVEMENTS WITH TEN (10%) PERCENT ADDED FOR UNFORESEEN CONTINGENCIES. ALL PERSONS AFFECTED BY THE ORDER ARE HEREBY WARNED THAT THE ORDER SHALL BECOME FINAL UNLESS SUIT IS BROUGHT TO CONTEST THE ORDER WITHIN THIRTY (30) DAYS OF THE DATE OF THE FIRST PUBLICATION OF THIS NOTICE. AN ORDER ASSESSING THE VALUE OF BENEFITS TO BE RECEIVED BY THE OWNERS OF EACH OF THE SEVERAL BLOCKS, LOTS AND PARCELS OF LAND WITHIN SPRING HILL MANOR MUNICIPAL PROPERTY OWNERS’ SEWER IMPROVEMENT DISTRICT NO. 125 OF BRYANT, ARKANSAS; ASSESSING TAXES THEREON, AND FOR OTHER PURPOSES
WHEREAS, all of the property holders owning property situated in SPRING HILL MANOR MUNICIPAL PROPERTY OWNERS’ SEWER IMPROVEMENT DISTRICT NO. 125 OF BRYANT, ARKANSAS (the "District"), have petitioned the City Board of Little Rock, Arkansas, to form a property owners' improvement district to be organized for the purpose of constructing within the district constructing facilities for underground trenches, and excavations necessary for the installation of a forced main sanitary sewer line, whether within or outside the boundaries for the Proposed District, together with facilities related to the foregoing; for maintaining the sanitary sewer constructed for the Proposed District, which shall continue to be owned by the District and not by the municipality, to serve the inhabitants of the District; said purposes to be accomplished in the manner and of the materials that the Commissioners of the District shall deem to be in the best interest of the District, and the cost thereon to be assessed upon the real property of the District according to the benefits received; and
WHEREAS, the City Board of Bryant, Arkansas has established the District to accomplish the above purposes by adopting an Ordinance on September 7, 2021; and
WHEREAS, the assessments have been duly made by the Assessor of the District, who was appointed by the Board of Commissioners of the District, and filed in the office of the City Clerk pursuant to law, and notice of such filing was duly published in the Daily Record, a newspaper published in and of general circulation in the City of Bryant, Arkansas, on August 31, 2021 and September 6, 2021; and
WHEREAS, on September 7, 2021, the Commissioners and Assessor for the District met at the place and at the time named in said notice as a board of equalization and heard all complaints against the assessments filed with the City Clerk, and equalized the same; and
WHEREAS, no protest of the assessments was received; and
WHEREAS, the benefit received by each and every block, lot and parcel of real estate situated in the District equal or exceed the local assessments thereon; and
WHEREAS, the estimated cost of the improvement to the District is $115,000 inclusive of capitalized interest and costs of financing; and
WHEREAS, the assessed benefits (the "Assessed Benefits") amount to $380,000.
NOW, THEREFORE, BE IT ORDERED by the Board of Commissioners of SPRING HILL MANOR MUNICIPAL PROPERTY OWNERS’ SEWER IMPROVEMENT DISTRICT NO. 125 OF BRYANT, ARKANSAS (The Ridge Estates):
Section 1. That each of the blocks, lots and parcels of real property in the District be assessed according to the assessment list of the District, as equalized, as the same now is of record in the office of the City Clerk, and the Assessment of Benefits on each of the blocks, lots and parcels shall be collected by the County Collector with general taxes becoming due in the year 2022 and annually thereafter at the rate per annum of 2.78% until the whole of the local assessment, with interest thereon at a rate equal to the lesser of the maximum rate permitted by law or the rate of 10% per annum, shall be paid.
Section 2. Furthermore, in addition to the assessment set forth in Section 1, that each of the individual residential lots in the District be assessed an annual maintenance charge to maintain the forced main sewer line owned by the District, the sum of fifty dollars ($50) shall be collected by the County Collector with general taxes becoming due in the year 2022 and annually thereafter, with interest thereon at a rate equal to the lesser of the maximum rate permitted by law or the rate of 10% per annum, shall be paid.
Section 3. This Order shall have all the force of a judgment to be paid by the real property in the District in proportion to the amount of the Assessed Benefits as established herein and to be paid in annual installments as set forth in Section 1 hereof and the maintenance charge as set forth in Section 2 and the taxes so levied shall be a lien upon the real property in the District from the time of the date of this Order and shall be entitled to preference over all demands, executions, encumbrances or liens whatsoever created, and continue until all such assessments, with any penalty or cost that may accrue thereon, shall have been paid.
Section 4. This Order shall be in full force and effect from and after its entry.
ORDERED this 7th day of September, 2021.
SPRING HILL MANOR MUNICIPAL PROPERTY OWNERS’ SEWER IMPROVEMENT DISTRICT NO. 125 OF BRYANT, ARKANSAS
By: Robert Moser, Commissioner By: Kandee Moser, Commissioner By: Charles Faulkner, Commissioner. DR1T-09/21/2021