Alma record. (Alma, Mich.) 1878-1928, 1922-05-04
CITY WILL PAVE
WEST END, O0WNIE
AND WO0DW0RTH
FIVE YEAR SPECIAL ASSESS
MENT BONDS WILL BE Is
SUED TO PAY FOR WORK.
Rolls Confirmed
Friday EUening

Friday evening at an adjourned
meeting of the City Commission the
special assessment rolls for the paw
ing on North Woodwork ave, West
End and Downie streets were con-
firmed following the hearing Of OBJ
jections to the proposed pavement on
these streets, thereby showing the
intention of the city to pave on these
three streets in conformity with the
petitions submitted year ago.
Special assessment bonds conver-
ing a period of five years, will be
used to pay the cost Of the pavement
on these streets for residents who
do not desire to pay cash for the
before the bonds are issued, if any
of the property owners desire TO take
advantage of the cash payment.
At the hearing Friday evening the
objections dwinded down to con-
siderable extent in regard to each
street, when it became known that
the City Commission was planning
for a five year special assessment
bond, the first payment on which will
not be due until next year. This
was especially true in regard to the
property owners on Woodwork ave-
nue., there not being a single OBJ
lection made at the meeting when it
became known that the five year
plan was to be adopted.
The paving on Woodwork avenue
will be from Superior street north,
the entire length of the street, 80
feet wide, except for part Of the
whole of the first block north from
Superior street which will be 80
feet wide. On Downie street the
pavement to be laid will be from
State street west for two blocks TO
Park avenue. On West End street
the pavement will go west from
State street for. distance of two
blocks, leaving single block on this
street between State and Wright
which will not be paved, unless a
petition is submitted to have this
work done. This block was not in
cluded in the original petition for the
paving.
There is every expectation that
with the five year assessment bond
adopted property owners on other
streets may desire to have paving
done this year, while il can be con-
structed at surprisingly low prices as
compared with former years. The
City Commission last year received
petitions for paving on Pine avenue,
Park avenue, Prospect avenue and
Elwell street. Later petitions were
submitted by the majority of the resi-
dents of these streets asking that
the work be held up until a later
period because of the financial con-
ditions in the country.
AT the time the petitions were sub
mitted for the work on these streets
owners would be asked to pay the
special assessment at one time. 1t
is believed that with the five year
special assessment bond proposition
that some of these streets may also
be paved this year and that petitions
may be submitted for some additional
streets.
1t is expected that the special as
sessment bonds can be sold easily
with an interest rate of slightly over
5per cent, which over the five year
period would amount to far smaller
sum than the saving that is avail
able this year over the cost of paving
year ago. 1t is believed that
paving can be constructed much
cheaper this year than will be pos
sibe next year as business conditions
continue to improve.
On a fifty foot lot the saving on
the construction cost of paving over
last year will amount to approx
mately $500 and to approximately
$4,000 on a sc foot lot. The inter-
est on the five year bond over this
period would not be as large as the
saving cost over last years paving
costs.