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ORDINANCE NO. 2373 By Mr. Gillis <br /> <br />AN ORDINANCE ~etermining to proceed with, sand levying and s~ses~ing <br />~_~}~.~i~ ~se~ssment. to pay th~_.co~st. ~nd expense of imprOVing <br /> <br /> IT' OI~DAINED by ~he Council of the City of Lake~;'ood, County of <br />Cuyahoga, State of Ohio, three-fourths of all ~uembers concurring: <br /> <br />Section _l:~,._.T~lk_~it~ is., hereby determined to proceed with the iraprove- <br /> <br />in accordance wzth Resolution N6 ~? adopted ~1~ ~;~ ~ <br />and in acoordatzce wzth plans, specifications, estimates and profiles <br />heretofore approved and nm.' on file ~n the office of the Director of <br />Public Works. <br /> <br /> Section '2: That all cla~as for damages resulting from said in-orove- <br /> sent .~halI be judicially znquired into after the completion thereof <br /> and that'the Direct'dr of Public ~orks be and he is hereby ~uthor~zed <br /> and directed to enter into contrac~ for said improve~.ent in the <br /> manner provided by l'axv, w~ic~ improven=ent in accordance with <br /> l~, 'Section 16 of 'the Char~er h~been estimated by the Director <br /> Public Works to have a lzfe of ~ years. <br /> <br /> Seb~ion 3': That for the ouroose o2 payiny; the cost and expense <br /> s~id ~mprovement there i h -' ~ ~ · " ~ - - <br /> . - .: s ~eb~ lev~ed ~nd assesse~ ~ spec~a~ <br /> assessment upon t~e. ~e~e~e~.',,~s~.~nd"~c~ls of la'Ad ~,nated <br /> and in accordance w~th the est ate ~ ~ -~ <br /> ...... ~ d ~.~s~ment (No. ~, as <br /> for that purpose by the Direcio~ off Finance and ~eco~ende~ to <br /> Oo~'~{of~he Eoard,of Revision of Assess=en-cs and aggregating <br /> $'~a~ ~ .. 8aia estzma~a assessment zs hereoy d~tormzn~a <br /> ~ve been made on the b~s'~s'df spdci~l ~Aenefitz conferred by <br /> improvemen~ on the sever'gl pa~-c~els o2 land therein described and <br /> the s~e is herein confirmed, adopted and gpproved. <br /> <br /> Section 4: T~at ~he owners of the several lots or p~cels of <br /> included zn s~zd assessment shall pay the ~oun~s from ~ severalz~ <br />due as sEown by col~n ~ of'said estimated assessment to the <br />City Treasurer on or bef6re thzr;y a&ys from the date of the passage <br />of'~e, or~inan~e~ ab thei~ op;ion~ and ~ default thereof said <br />a~sessmen~ ~-~i'tn znt'erest at t~ie r~e of~ per cent~ oer ann~ <br />~fer~ed 'pa~ent~'shalI-be ~ayable t'0 the Coun~=~eas~r~ in <br />annu~ installments, with the regular t~es of ~$~ to ~ <br />inclus ive. <br /> <br />8edtidn ~ That said annual payments of said assessments and ~ll <br />portions thereof and intere~"thereon shall be applied to the <br />of bonds ~o be issued in ~ticfpation of't~e collection thereof <br />t~e-in~erest thereon as the s~e shall become due and to no other <br />purpose whatsoever. <br /> <br />Section 8: This 'ord'fnance shaI1 be in fulI force a~ effect from <br />a~ after the earliest peri~ allov~ea by law. <br /> <br />Adopted: ~O ~S$~ <br /> <br />President <br /> <br />APPr°Ved-~~ ·, ,' ...... Cl~rk <br /> Mayor <br /> <br /> <br />