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

WHEREAS, 1t appearing to the
Board of City Trustees of Carson
City. Nevada. that it would be bene-j
fetal 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 hall
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:
Biased upon the estimate of III
cents Ger squar foot for grading
and Z434 cents per square loot tor
/. Paving and grading street
intersections. including
connecting drains and
basins $o.245.55
2. Paving and grading in
front OF County BLDG. 70O.O5
3 Paving and grading in
front OF State Capitol---.. 3.O44.37
4. Paving and grading in
front OF L. S. Mint .---,,.. 1889
). Paving and grading in
front OF u. S. Postoffice l.320.27
6. Paving and gradir~ i'll
front Of private property l4.S99.Io
IOlal @oo'o-o.o1
WHEREAS. 1t NAV become neces-
sary to make changes in cross %culverts
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 h]uctuation OF the market prices
Of the materials to be used. all OF
which may necessitate the expenditure
OF about $4,67l.ll ove and above the
estimate above given. and
WHEREAS. IWenty-nlne cents De'
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 abutting on said
portion OF said street be assessed to
the Wner OF said property according
10 llt lolltdl ICCl ne Soi, that Sdlu
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 e
tending over a period OF ten wears, to-
gether with interest at the rate OF
five per cent per arnuln on all un-
paid inStallmentS. interest PAYABLE
sem; -annually to be collected at the
times and in the manner 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. 1917
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
property S % 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
WHEREAS. 1t will become neces.
AIRY for said Carson City to pledge its
credit in the sum of $35,OOO.W for the
purpose of so paving said portion o.
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 pei
cen per annum, interest PAYABLE o +
the 10th day Of June and December OF
each year until all bonds have been
paid and in the aggregate OF S35.OOO,-
90; that the Board of City Trustees
cause said bonds to be prepared in
proper form and be made PAYABLE tc
bearer not later than the 10th day 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: thai
said bonds be redeemed only at the
office of tn" Clerk of Carson CITY
and at the rate OF at least thirty-five
bonds or $3.5U!U per annum from
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 moneys
collected thereby shall be 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
mentioned. and
WHEREAS. $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 p%ostoffice. 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 Dv said
Carson City at large. or in other
words, said sum will ,haye 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 Del annum on all unpaid
bonds. and therefore it will be neces-
sarv for this Board to levy and COL
lect annually a special tan sufficient
to paw said bonds as they become due.