Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-20
RESOLUTION

AAAOOAO |
WHEREAS, 1t appearing to the
Board of City Trustees OF Carson
City, Nevada. that it would be bene-j
ticlal to said Carson CITY to grade |
and pave with a standard asphalt |
pavement. consisting of five inch CON
crete base and an inch and a half
asphalt top. in accordance with the |
plans and specifications on file in the /
City Clerks office of Carson CITY. !
Nevada. Carson street of said Carson |
City, from Washington street on the |
north to Second street on the south. !
being a distance of about one thous-
and eight hundred and eightv-three
feet. and
WHEREAS. The actual estimate of
SO grading and paving said portion or
said street is as follows:
Biased upon the estimate OF 2H
cents Ger square foot for grading,
and 24M cents per square foot for
pavin")
|. Paving and grading street
intersections. including
connecting drains and
basins
2. Paving and grading in
front of County Bldg. 7OO.O5
3 Paving and grading in
front Of State CAPITOL. 3,O44.37
a. Paving and grading in
front of u. S. Mint $780,. 1889
5. Paving and grading in
front Of U. S. Postoffice l.32O.27
6. Paving and gradir~ in
front of private property l4.Soo.76
Otal SJU,oZS.cS
WIZ L D L A c T.
sary to make changes in cross cu1verts
and cover tops and to make other
changes which NAV become necessary
by reason Of said pavement. and to
incur other expenses incidental there
with, and further expense by reason
Of the tluCtuation of the market prices
Of the materials to be used. all of
which may necessitate the expenditure
of about 4,671.1l over and above the
estimate above given. and
WHEREAS. Iwenty-nlne cents Der
square foot appears to be a proper
maximum cost for the said pavement,
and
WHEREAS, 1t appearing proper
that the cost OF so paving in front
OF assessable property AUDITING on said
portion Of said street be assessed to
uIlS WIN " Salu pioPS1
to the frontal feet thereof; that said
property owners have the optional
right to pay said assessment in cash
within fifty days after completion OF
said paving and acceptance by the
city or the right to pay SAID assess
ment in equal annual instruments eX-
tending Over a period OF ten years, to-
gether with interest at the rate OF
five per cent per annum on all I'M
paid installments. interest PAYABLE
senni-annually to be collected at the
times and in the n as city taxes
for Carson City are collected the first
half of the first installment. with in
terest then due. to- be collected in the
November collection OF taxes, l9l/.
and the whole assessment together
with interest to be paid by or before
the June collection of taxes 1923: that
said assessment together with interest
thereon become a lien against the
collected by reason Of said assessment
and interest due thereon. be placed in
a special fund to be known as and
called the Street Sinking Fund. and
WHEREAS. 1t will become neces-
sary for said Carson City to pledge its
credit in the sum of $35,OOO.D for the
purpose of so paving said portion Of
Carson street, and it appearing proper
to issue bonds in the name OF Carson
City, of $4,000 denomination each.
bearing interest at the rate of five per
cent per annum, interest PAYABLE on
the 10th day of June and December Of
each year until all bonds have been
paid and in the aggregate of S35,UOU.-
90: that the Board of City Trustees
cause said bonds to be prepared in
proper form and be made PAYABLE to
bearer not later than the 10th day Of
June, 1923; that the said bonds shall
be signed by the President OF said
, of the Board. who shall attach there
! to the official seal of said city: that
said bonds be redeemed only at the
office of the Clerk of Carson City.
and at the rate of at least thirty-fve
bonds or $3.5OO!OO per annum from
the 10th day of June, 1918. until the
whole have been redeemed but not
later than the 10th day of June. 1923.
and that said Board shall have the
power to negotiate the sale OF said
bonds at the time and in the manner
as they may see fit. for not less than
their par value, and all n
collected thereby shall be placed in a
fund to be created and called THE
Street Paving FUND, n that all mon
eys coming into said fund shall be ap-
piled solely for the, purposes above
"S WTEREA AS $40 10000 of the cost
of so paving said portion of said
street, being the cost of paving in
front of the United States mint. the
United States postoffice. the State
Capitol, the County building and the
intersections of cross streets with said
portion of Carson street. and other
expenses which may be necessarily
involved. will have to be paid by sand
Carson City at large. or in other
words. said sum will have to be rails
the payment of $40. 100 of said bonds,
together with interest at the rate OF
5 per cent per annum on all unpaid
bonds. and therefore it will be neces-
sarv for this Board to levy and COL