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ORDINANCE NO, 257? By l~rs. Xnirk <br /> <br />Z~N 0RDII~ANCE determining t'o proceed wi'th, and levying and assesszng <br />a speciml mmsessment to pmy the cost mnd expense of impr~VJ, ng <br /> <br />BE IT ORDAINED by the Council of the City of Lakev,'ood, County of <br />Cuyahoga, State of Ohio, three-fourths of all members concurring: <br /> <br />Section l~ That it is hereby determined <br /> <br />i'n accordance w~th Resolution No. ~ adoptedA~[l ~t~ ~, <br />and in accor'dak~cc wzth plans, specifications,est~ma,.es" * "~ and profiles. <br />heretofore approved and no~/ on file ~n the office of ~he Director of <br />~blic Works. <br /> <br />Section 2: That ali claims for damages resulting from said; Lmprove- <br />ment gtial! be dudicially inquired into after the completion thereof <br />and tha~ 'the Directbr of Public Works be and he is hereby authorized <br />and directe~ to ente~ into contract for said imProvem, ent in the <br />ma~ner provided by l'av/, v/hicH impro~zen:ent in accordance with <br />15, 'Section 16 of the Ch~-ter has been estimated by the Director cf <br />Public Works to have a life 0~ ~O years. <br /> <br />Sebtion ~: That foz' the ourpose of paying the cost arid expense <br />sa~d ~mprove~e~t the.~ ~s h~eb~ iev~ed and assesses a spec~az . <br />~Ssess~t upon t~e. sev~rsl.. ,~S~ an~-~ar~els of tand~ignated in <br />and in accordance wish She'.$~ea assess.ment (No. ~ )', as <br />for that purpoee by the Director of Finance and reco~ended~ to <br />~}c~b~the Board of Revision of Assessments and <br />~eva~ .. Saza estimated assessment is hereby datormiuad tc <br />~ve been made on the b~s'is 6f' special ~enefits conferred by <br />i~provmuent on the seve~'XI: parc'els of land therein described and <br />the s~e is herein confirmed, adopted and approved. <br /> <br />Section 4: THat the turners of the several lozs or p~ccis of <br />included in said assessment shall pay the ~ounts from }P~ severally <br />due as sliOwn b'y col~n ~3' of'said estimated assessment ~ ~ to the <br />City Treasurer on or bef6re thirty days from the date of the <br />of the ordinance, a~ tnear option, a. nd ~dexault ~hereof said <br />a~sessment ?~i'tk interest at 'tiie rate of ~' per cent~ oar <br />deferred 'pa~ent~ 'shall-be ~ayabls t'b the Counq~eas~r~ <br />annu~ installments, with th~ regular t~es of~- to~ bot.b. <br />inclusive. <br /> <br />se~tis~ ~! That said annual payments of said assessments and <br />portions therecf an~ interes~"thereon Shall be applied to ~e <br />of bonds ~o'b~ i'ssued in antici'pati6n of'the collection thereo~ an~ <br />t~e'in2erest thereon as the s~e shall become due and to no other <br />purpose whatso ever. <br /> <br />Section 8: 'This 'ordinanc~ shall be in full' force and effect from <br />and after the ~liest period a~lmved by law. <br /> <br /> Presid.ent <br /> <br />Approvea: A,, ,Wi <br /> <br />Cldrk <br /> <br /> <br />