Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-03
RESOLUTION


WHEREAS, It appearing to the
Board of City Trustees Of Carson
City. Nevada. that it would be bene-
fetal to said CARSON City to grade I
and pave with a standard asphalt
consisting Of five inch con-
crete base and an inch and a hall
asphalt top. in accordance with 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 eighty-thret |
feet. and
WHEREAS. The actual estimate o
so grading and paving said portion o.
said street is as follows:
Biased upon the estimate Of ~
cents ~er square loot for grading
and 244 cents per square too to-
pavin")
|. Paving and grading street
intersections. including
connecting drains and
2. Paving and grading in
front of County Bldg-... 7OO.OS
3 Paving and grading in
front of State Ca%pitOl---.- 3,O44.5|
1. Paving and grading in
front of L. S. Mint ,,.,,-, l,llS,Se
). Paving and grading in
front OF U. S. Postoffice 1907
6. Paving and gradir~ in
front of private property 14,S99./6
Total ~$50,328.Se
WHEREAS. 1t NAV become neces-
sary TO make changes in cross cuiverts
and cover tops and to make other
change, which NAV become necessary
by reason Of said pavement. and to
incur other expenses incidental there
with, and further expense by reason
Of the tuctuatlOn OF the market prices
% the materials to be used. all oi
which NAV neCessitate the expenditure
OF about $4,67l.ll over and above the
estimate above given. and
WHEREAS, Twenty-nine en- De
! square foot appears to be a roper
maximum cost for the said pavement,
and
WHEREAS, 1t appearing proper
that the cost OF SO paving in front
Of a~ssessable property abutting on said
portion OF said street be assessed to
the owner OF said property according
to the frontal leet 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 iii 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 un'
paid installments. interest PAYABLE
Semi-annualy to be collected at the
times and in the manner as city taNe
for Carson City are collected the frs
half OF the first installment. with IN
terest then due. to- be collected in ths
November collection OF axes, 1917
and the whole assessment together
with interest to be paid by or before
the June collection of taxes 1923; tina
said assessment together with interes'
thereon become a lien against the
property so assessed. and all money:
collected by reason OF said assessment
and interest due thereon. be placed II
a special fund to- be known as ant
called the Street Sinking Fund. and
WHEREAS, 1t will become neces
sary for said Carson City to pledge it;
credit in the sum of $35,0OO.W for tn,
purpose OF so paving said portion o
al sun anu ~ ppNoA b'ob>
to issue bonds i'll the name OF Carson
City. OF $4,000 denomination each
bearing interest at the rate of five pc
cent per annun, interest PAYABLE OF
the 10th day of June and December o
each year until all bonds have beer
=, paid and in the aggregate OF S5o,UOO
co: that the Board of City Trustee
cause said bonds to be prepared il
proper form and be made PAYABLE t.
bearer not later than the 10th dav o
June, 1923; that the said bonds shall
be signed by the President OF san
Board and countersiened by Cler'
OF the Board. who shall attach there
to the official seal of said city: tina
said bonds be redeemed only at tn
office of tho Clerk of Carson City
bonds or $3.5OO.OO per annum. iron
: the 10th day of June. 1918, until TIL
whole have been redeemed but no
later than the 10th day of June, 1928
and that said Board shall have th'
power to negotiate the sale OF sait
bonds at the time and in the manne
as they may see ht, for not less thar
their par value. and all money
collected thereby shall be placed in
fund to be created and called th,
Street Paving Fund, and that all mon
eys coming into said fund shall be ap
piled solely for the purposes abov'
mentioned. and
WHEREAS, $40 10000 of the cos
OF so paving said portion OF SAT-
street, being the cost of paving il
front Of the United States mint. tn
United States postoffice. the Stat
Capitol, the County building and tn
intersections of cross streets with sait
portion OF Carson street, and othe"
expenses which may be necessaril,
involved. will have to be paid by saic
Carson City at large. or in othel
words. said sum will lrave to be rails
ed by said Carson City and applied te
the payment of $40. 100 Of said bonds
together with interest at the rate O
) per cent per annum on all unpant
bonds. and therefore it will be neces
sarv for this Board to levy and col
lect annually a special tax suttlclen'
to pay said bonds as they become due
together with interest due thereon
and it appearing prope that said ia,
40 -o,o 80 onrt