1991 - 10-07-91 Regular Meeting - Laserfiche WebLink

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~ 9 =°T~ X79 D paying the assessment in five (5) equal annual installments, said installments to beat- interest at the rate of eight percent (8%) per annum. 5. A public hearing on all matters covered by this resolution will be held at 7:00 P.M., or as soon thereafter as the Board may hear this matter, on the 21st day of October, 1991, in the Board of Commissioners Meeting Room at 200 Wicker Street, Sanford, North Carolina. Commissioner Paschal seconded the motion, and upon a vote, the results were as follows: Aye: Cox, Hall, Matthews, Paschal, Reives, Stafford, and Wicker Nay: None The Chairman ruled the motion had been adopted unanimously. Commissioner Cox moved to adopt the following preliminary assessment resolution: WHEREAS, the Board of Commissioners of the County of Lee, North Carolina, has determined that it may be in the best interest of the County to extend its water system, and that in order to provide such extensions, it would be necessary to assess all of the cost thereof upon the real property benefitted thereby; NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners of the County of Lee, North Carolina, that: 1. It is intended that the water lines of the Lee County Water System be extended by constructing an 8" connection line beginning at River Run Subdivision at the intersection of Minter School Road and Red Drive and continuing northeast along Minter School Road to its intersection with Beulah Brown Road pursuant to Article 9, Chapter 153A of the General Statutes. 2. 100 percent of the total County cost of said extension shall hereafter be assessed upon the benefitted properties on the basis of (1) at an equal rate per front footage abutting on the project, and (2) at an equal rate per lot for each of the lots served, or subject to being served, by the project. 3. The assessment against the following class(es) of property shall be held in abeyance, with interest, until connections are actually made to the system or until the 5th anniversary date of confirmation of the assessment roll, whichever first occurs: None. 4. The assessment herein provided for shall be payable in cash, or if any property owner shall so elect, he shall have the option of paying the assessment in five (5) equal annual installments, said installments to bear interest at the rate of eight percent (8%) per annum. 7