Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-09
RESOLUTION

RESOLUTION
WHEREAS, 1t appearing to the
Board of City Trustees Of Carson
City. Nevada. that it would be bene-
tlclal 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 eighty-three
feet, and
WHEREAS, The actual estimate of
SO grading and paving said portion OF
said street is as follows:
BASED upon the estimate Of 2H
cents "er square foot for grading.
and 24A cents per square foot for
pavin")
|. Paving and grading street
intersections. including
connecting drains and
basins ..-....--.......so.24 5.5 IS
2. Paving and grading in
front of County Bldg--.. 7OO.O5
3 Paving and grading in
front of State Capitol-~-.- 3.044.37
a.. Paving and grading in
front of u. S. Mint ,.-... 1889
5. Paving and grading in
front of U. S. Postoffice 1.32O.27
e.. Paving and gradir~ in
front of private property l4.89o.76
Total $50, 32S.So
WHEREAS. 1t NAV become neces-
sary to make changes in cross ~cuIverts
and cover tops and to make other
changes which may 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. alb of
! which NAV necessitate the expenditure
Of about $4,o71.11 over and above the
estimate above given. and
WHEREAS. Twenty-nine cents Der
square foot appears to be a proper
maximum cost for the said pavement.
and
WHEREAS, 1t appearing proper
that the cos OF SO paving in front
of assessable property abutting on said
portion of said street be assessed to
the owner Of said property according
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 i~nstallments ex-
tending owe a period of ten years. to-
| gether with interest at the rate OF
tive per cent per annum on all I'M
| paid installments. interest PAYABLE
semi-annuany to be collected at the
times and in the tanner as city taxes
for Carson City are collected the first
half OF the first lnstallment. with in
terest then due. to be collected in the
November collection of taxes. 1917.
and the whole assessment together
with interest to be paid by or before
the June collection of taxes 1923; that
sand assessment together with interest
thereon become a lien against the
| property SO assessed. and all moneys
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
I WHEREAS, 1t will become neces-
sary for said Carson City to- pledge it's
credit in the sum of $35,OOO.W 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 annu1n interest PAYABLE on
the 10th day Of June and December OF
each yea until all bonds have been
paid and in the aggregate Of 5000
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 dav Of
June, 1923; that the said bonds shall
be signed by the President of said
Board and countersigned by Clerk
/ OF the Board. who shall attach there
to the official seal Of said city: that
said bonds be redeemed only at the
office of tho Clerk OF Carson City.
and at the rate of at least t~llirty-five
bonds or $3,50O.OO per annun. 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 al moneys
Connected thereby snail De placed IN a
fund to be created and called the
Street Paving Fund. and that all mon
eys coming into said fund shall be ap-
piled solely for the purposes above
WHEREAS. $50 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 DOStOHiCe tine 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 Dy said
Carson City at large. or in other
words. said sum will have to be rails
ed by said Carson City and applied to
the payment Of $40. 100 of said bonds.
together with interest at the rate OF
) per cent per annum on all unpaid
bonds. and therefore it will be neces-