Agenda - 02-20-1979 - Laserfiche WebLink

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i Transportation of the State of North Carolina. 2. The basis for assessment for the local share of the cost of this project shall be the cost to Orange County per linear foot of street frontage, including County adminis- trative expenses and attorney's fees. 3. orange County will assess the total local share according to the basis set out in Number 2 above which local share represents approximately forty-five (45) percent of the total project cost. 4. No assessments of this project will be held in abeyance. 5. The assessment shall be paid in the following manner: a. Within thrity (30) days after the Notice of Confirmation of the Assessment Role is published, each owner of the property may pay his assessment in full. b. Any assessment not paid in full as provided above shall be paid in five (5) equal annual installments with the first such installment, with interest, due sixty (60) days after the date that the Assessment Role is confirmed, and the remaining installment, with interest, due on the same date in each successive year until the assessment is paid in full. 6. The County Manager is directed to determine the costs, including County administrative expenses and attorney's fees and to prepare a Preliminary Assessment Role which will contain a brief description of each 4lot, parcel or tract of land assessed, the basis for the assessment, the amount assessed against each, the terms of payment, and the name of the owner of each lot, parcel or tract as fair as this can be determined from the County tax records. -2- This Resolution is effective upon its passage. COLEMAN.BERNHOLZ Thereupon, on motion duly made and seconded this 6, i71CKER50N ATTORNEYS AT LAW CHAPEL HILL,N,�c Resolution was passed by the following vote: HILLSBOROUGH,N.C. Ayes; Commissioners Richard Whitted, Norman Walker Norman Gustaveson, Anne Barnes and Can Willhoit