Orange County NC Website
0 U I 3't <br /> Carolina General Statute Section 153A-205; <br /> IT IS HEREBY RESOLVED THAT: <br /> 1. Orange County shall undertake financing of the local share of <br /> paving Cascade Drive (S. R. #1873), Cedronella Drive (S. R. #1874), Falls Drive <br /> _ _ <br /> (S. R. #1875), Valinda Drive (S. R. #1876), and Celastrus Drive (S. R. #1877), in <br /> Chapel Hill Township, Orange County, North Carolina. <br /> 2. That the basis for assessment for the local share of the costs of <br /> this project shall be an equal amount per each separate tax parcel. <br /> 3. Orange County will assess the total local share according to the <br /> basis set out in number 2 above which local share represents approximately forty <br /> percent (40%) of the total project cost. <br /> 4. No assessments of this project will be held in abeyance. <br /> 5. The assessments shall be paid in the following manner: <br /> a. Within thirty (30) days after the notice of confirmation of <br /> the assessment role is published, each owner of the property <br /> may pay his or her assessment in full. <br /> b. Any assessment not paid in full as provided above shall be <br /> paid in 5 equal annual installments with the first such <br /> installment, with interest, due when 1982 property taxes are <br /> due, and the remaining installments, with interest, due on <br /> the same date in each successive year until the assessment is <br /> paid in full. <br /> IT IS FURTHER RESOLVED AND ORDERED that a public hearing on <br /> all matters covered by this preliminary assessment resolution will be held on the <br /> 15th day of December, 1981, at 7:30 o'clock p.m., during the regular meeting of <br /> the Board of Commissioners of Orange County, Orange County Courthouse, <br /> -2- <br />