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360 <br /> <br />paving, and that public interest require that asphalt paving be made <br />available on the street or streets, road or roads, or rights of way, <br />within the limits set out, and that abutting property will be benefitted <br />to the extent of the part of the cost thereof to be assessed against such <br />abutting property; and <br /> <br /> WHEREAS, the local improvements proposed to be made on the street or <br />streets, road or roads, or rights of way, hereinabove set out are as <br />follows: <br /> <br /> ASPHALT PAVING IMPROVEMENTS: That asphalt paving be installed by <br />the North Carolina Department of Transportation on the street or streets, <br />road or roads, or rights of way, hereinabove named within the limits <br />defined; and <br /> <br /> WHEREAS, if the local improvements are ordered made by the North <br />Carolina Department of Transportation, the County of Cabarrus shall remit <br />to the North Carolina Department of Transportation the proportion of the <br />cost thereof representing the total share as required by policies of <br />the North Carolina Department of Transportation's Secondary Roads Council; <br />and <br /> <br /> WHEREAS, the County of Cabarrus shall then cause the proportion of <br />the cost thereof to be specially assessed and the terms of payment will <br />be as follows: <br /> <br /> (a) The cost of not exceeding the local share of cost as required <br />by policies of the North Carolina Department of Transportation's Secondary <br />Roads Council for asphalt paving as lie within the limits of the street <br />or streets, road or roads, or rights of way, hereinabove proposed to be <br />improved, will be assessed against the property abutting on the street or <br />road, or right of way, such cost to be assessed against the lots and <br />tracts of land abutting on the street or streets, road or roads, or rights <br />of way, according to their respective frontages thereon by an equal rate <br />per foot of such frontage, and provided, further, that the maximum amount <br />which shall be assessed for the asphalt paving is $2.00 per foot of the <br />frontage. <br /> <br /> (b) Terms of payment as specified by the North Carolina Department of <br />Transportation: The assessments will be payable in five equal annual <br />installments, which installments will bear interest at the rate of twelve <br />percent (12%) per annum from the date of confirmation of the assessment roll; <br />provided that any such assessment may be paid in full in cash without the <br />addition of interest within thirty days from the date of publication of <br />the notice of the confirmation of the assessment roll. <br /> <br />NOW THEREFORE, BE IT RESOLVED: <br /> <br /> 1. That a public hearing will be held by the Cabarrus County Board <br />of Commissioners at 10:30 A.M. on the 6th day of September, 1983, in the <br />Commissioners' Room in the Cabarrus County Courthouse, Concord, North <br />Carolina, to determine finally whether the assistance in financing the <br />road improvements shall be made. <br /> <br /> 2. That all objections to the legality of the making of the improve- <br />ments shall be made in writing, signed in person or by attorney, and <br />filed with the Clerk to the Board at or before the time of the public hearing. <br />Any such objections not so made will be waived. <br /> <br />DATED: August 15, 1983 <br /> <br />ATTEST: <br />Clerk to the Board of <br />County Commissioners <br /> /s/ Frankie F. Small <br /> <br />BOARD OF COUNTY COMMISSIONERS <br />CABARRUS COUNTY, NORTH CAROLINA <br /> <br />BY: /s/ J. Harold Nash <br /> <br />CHAIRMAN OF THE BOARD <br /> <br />Approved as to form and legality <br />/s/ John R. Boger, Jr. <br /> <br />County Attorney <br /> <br /> <br />