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PRELIMINARY RESOLUTION GIVING NOTICE OF
INTENTION TO ASSIST IN THE FINANCING OF IMPROVEMENTS TO RURAL SUB-
DIVISION AND RESIDENTIAL STREETS
S. R. 1988, Lorraine Drive, Tethany Township, Map 1OC-4
WHEREAS, a preliminary determination has been made that the street or streets,
road or roads, or rights of wav, set out above are without paving, and on the
street or streets, road or roads, or rights of way, within the limits set out, and
that abutting property will be benefited to the extent of the part of the
cost thereof to be assessed against such abutting, property; and
WHEREAS, the local improvements proposed to be made on the street or streets,
road or roads, or rights of way, hereinabove set out are as follows:
ASPHALT RIBBON PAVING IMPROVETTNTS. The asphalt ribbon paving be installed by
the North Carolina Department of Transportation on the street or streets, road or
roads, or rights of way, hereinabove named within the limits defined; and
WHEREAS if the local improvements are ordered made by the North Carolina Department
of Transportation, the County of Iredell shall remit to the North Carolina Department
of Transportation the Proportion of the cost thereof representing the total local
share as required by the policies of North Carolina Department of Transportation's
Secondary Roads Council; and
WHEREAS, the County of Iredell shall then cause the proportion of the cost
thereof to be specially assessed and the terms of the payment will be as follows:
(a) The cost of not exceeding, the local share of cost as required by policies
of the North Carolina Department of Transportation's Secondary Road Council for
asphalt ribbon paving as lie within the limits of the street or streets, road or roads,
or the property abutting, on the street or road, or right of way, such cost to be
assessed against the lots and tracts of land abutting, on the street or streets,
road or roads, or rights of way, according to their repsective frontages thereon by
an equal rate per foot of such frontage, and provided, further, that the maximum
amount which will be assessed for the asphalt ribbon Paving, is $1.955 per foot of
frontage.
(b) Terms of Payment. The assessments will be payable in full within thirty
(30) days from the date of the Resolution of the Iredell County Board of Commissioners
to Participate in the Paving, of Rural Subdivision and Residential Streets. All
Persons signing, the Petition requesting, the Paving Participation must pay in full
their pro -rated shares before Iredell County will mail the check to the Department
of Transportation.
Those persons not signing, the petition requesting Paving rParticipation will
be assessed by the County and payments will be due in five equal annual installments,
which installments will bear interest at the rate of eight per cent per annum from
the date of confirmation of the Resolution of the Iredell County Board of Commissioners
to Participate in the Paving of the Rural Subdivision and Residential Streets.
NOW, THEREFORE, BE IT RESOLVED:
1. That a Public Hearing will be held by the Iredell County Board of Commis-
sioners at 7:30 p.m. on the 7th day of May, 1985, in the Agricultural Center Confer-
ence Rooms 1 and 2, Statesville, North Carolina, to determine finally whether the
assistance in financing, the road improvements will be made.
2. That all objections to the legality of the making of the improvements shall
be made in writing„ signed in person or by an attorney, and filed with the Clerk to
the Board at or before the time of the Public Hearing,. Any such objections not
so made will be waived.
IREDELL COUNTY BOARD OF COMMISSIONERS
s/Larry S, Hedrick
Cha rman
Adopted this the 2nd day of April 1985.
VOTING: Ayes - 5; Nays - 0.
0