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road or roads, or rights of way, hereinabove set out are as follows:
ASPHALT RIBBON PAVING IMPROVEMENTS: 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 Trans-
portation's Secondary Roads Council; and
WHEREAS, the County of Iredell shall then cause the proportion of the cost there-
of to be specially assessed and the terms of payment will be as follows:
(a) The cost of not exceeding the local share of cost as required by policies
ofthe 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 rights of way, hereinabove proposed to be improved, will be assessed
against 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 respective 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 $1.93 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 share before Iredell County will mail the check
to the Department of Transportation.
Those persons not signing thepetition requesting Paving Participation will
be assessed by the County and payments will be due in five euqal 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 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 ehld by the Iredell County Board of Commis-
sioners at 7:30 p.m. on the 7th day of February, 1984, in Conference Rooms 1 and
2, Iredell County Agricultural Center, 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 Public Hearing. Any such objections not so made
will be waived.
IREDELL COUNTY BOARD OF COMMISSIONERS
S/ Joe H. Troutman
C airman