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TO ASS:S7 :X THE FINA~C!NG OF !MPROVEHENT$ TG' RU~kAL 5UJ:D:::S:O~I AND ?~SIDKNTiAL STREETS SUBJECT ROAD: SR~ 1376 - Dulin Avenue or s=reets, road or roads, er righ~s'~f w~i!., wi.Li., the limits set out, and :hat sbu[sing proper~y will be benefitted ~(. ~hc ex~en~ of lhe par~ of the cost ~hereof s[ra~s, road or roads, or righl~ of way, i~er~inabove se~ out are as follows: ASPF.~LT PAVING !MPROVE~%B!S. Iha~ asphal~ paving be installed by the roads, or rights of way, herelnabove named within the limirs defined; and k~EREAS, if the local improvemen:s are ordered made by ~he North Carolin~ Depar~men~ of Transoor:a:ion. :he County of Cabarrus ~ha!l remit to the North ins the total share as required by poi~¢le~ of ~he ~orth Careiina DeDartmen~ cf k~HEREASi ~he County of Cabarrus shall ~hen cause the proportion of ~he cos= thereof ~o be specially assessed and :he :arms of palanent will be as follows: (a) The coat of net exceeding ~he local share of cost as required by policies of Ehe Norgh Carolina Departmenz of Transports[ion's Secondary Roads ~ouncil for asphalt paving as lie within the limigs of she sgreet or s~reets, road or roads, or rights of way, herelnabove proposed to be improved, will he assessed against the property abutting on the sEreeg or road, or righg of wa),, such cost to road or roads, or rights of way. according ~o ~heir respective frontages thereon by an equal rate per foog of such frontage, and provided, further, ~ac the maxi- mum amount which ehall be assessed for ~he asphalt paving is ~ . O par foot (b) Terms Of pa)~ent as specified by the North Carolina Department of Transportation: The assessments will be payable in five equal annual installments, which installments will bear interest at the race of twelve percent (12%) per annum from the dare of confirmation of zhe assessmen~ roll: provided that any such assessmeng may be paid in full in cash wi~hou: zhe addigion of interest wishin thirty .days from [he date of publica%icn of [he notice of :he confirmation of the NOW THEREFORE, BE IT RESOL¥SD: ~ The bloc hea~in ' ~ ~ be held ~, the Cabar-u~ County board of Comm-..issiong~s ~t'~:%~~! gn ~he' ~' dar'cf "} May~ 19~2' , in :he Com~issioners' Roo-~. in the Cabar~us County ~our%house, Concord. North--Carolina. de[ermine finally whether 5he as~islance in financing 5he road i~provemenzs shall 2. Tha~ all obj~ctions to [he legalizy of ;he making of ~he i~provemen~s shall be made in writing, signed in o~rso:l or by attorney, and filed ~i[h she Clerk ~o the Board a~ or before zhe time o~ the public hearing. Any such objec:ion~ no~ so made will be waived, DATED: April 19, 1982 ATTEST: BOAP~ OF COUNTY COMMISSIONERS Clerk :o the board of CAbARRUS COUNTY NORTH CAROLINA C}~!~ OF THE BOARD