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ORDINANCE NO. $ By ~* ~ <br /> <br />ORDINANCE det'e~mining 'to proceed'w£th, and levying and assessing <br /> <br />BE IT ORDAINED by the Council of the City of Lakewood, County of <br />Cuyahoga, State of Ohio, ~.hree-£our-ohs of all members concurring: <br /> <br />Section l, L ~r ~¢~t ~ ~p~v e - <br /> <br />in accordance with ResolutfJcn i~o. ~ adopted Fe~ 16~, ~, <br />and in accordance w~th plans, s]~ecifleations, estimates ad profiles <br />heretofore approved and nmv on z'ile ~r. the office of the Director off <br />~blic <br /> <br />Section-2: That ali claims f6r dam~.~es z~ezulting from said improve- <br />rnenb shall be judicially ~nqui~ed into afber the corapIetion thereof <br />and that the Direct'~T of Public ~or~ be ~nd he is hereby ~uthorized <br />and directe~ to enter in~o~ contrsc~o ~or said improvement in the <br />manner p-~ovided by law, wldmch ~_mprovem~nt in accordance with Article <br />15, 'Section 16 of 'the Charter ha~boen estimated by the Director of <br />PuOl~c Works to have a life of years~ <br /> <br />Sebtion ~: That for the nuroose of payina the cost and expense of <br />said ~mprovement there"is' h~eb~'Ievied a~ assessed a special <br />assessment u~on t~e ~e~'er'sl:' ~4~s and'~a~ls of land $~i~nated in <br />and ~n accordance ~'i~h the'~'~'4~d as'sessment (No. ), as made <br />for that purpose b~ the Direotor of Finance and recommende~ to this <br />Co~$~2~the Board of~Revis~o~ of Assessments and aggregating <br />$ .. Said estimated aseessment ms hereby determined to <br />hav~ be~n made on the ba~zs'6f' speoial Uenefits conferred by said <br />improvement on the sever'a~' parcels 0£ l'and therein described and <br />tho same is herein confirmed, adopted and. epprovedo <br /> <br />Section 4: THat tl~e owners of the Levera.~ lots or parcels of land <br />included in e~id assess'~nt shal_ -~zy the a~ounts from tk~severallN <br />d~e as sliown by c01~mn ~' df'~afd ~im~c~ad assessment ~ '' to the <br />C~ty Treasure~ ~ ~or ~efPre thiz'~,~ ds&s ~zom the date of the passage <br />of"~he 'ordinance, ab' thei~ epa: c;~J~ ar:d ~ default thereof said spec[a~ <br />a~sessment t~i'th iht'crest at t2i~ :'a~.to eT per oent~ per ann~m upor. <br />d'eferred parent,-shell"bep~ya~l' '~ ~ i'b t~.~ Count~asure~ <br />armu~ installments, v~i'~h t~ reEalar t~es of to both <br />incEusive. <br /> <br />Be~ti6n ~ That said annual payments of said assessments and all <br />?ortions thereof and interest thereon 2hall be applied to the paymen'~ <br />of bonds to be issued in anticipation of'the collection'thereof and <br />t~e'~ntere~t thereon as the same shall become due and to no other <br />purpose whatsoever. <br /> <br />Section 8: This ordinance Shall ne in full force and effect from <br />an! after the earliest period allowed by law. <br /> <br />~dopte~: <br /> <br />6th, <br /> <br />President <br /> <br /> <br />