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ORDINANCE NO. By <br /> <br />AN 0RDII~ANCE determining to proceed with, and levy'lng and e. ssessing <br />~special ~sseesment to pay the cost and expense of impr~V~n~ <br /> <br />~ ~ ORD~I~D by the Couno!l o~ the City of L~e~oo~, County <br />Cuy~Hog~, State of OHio, ~ee-~our~hs o~ ~11 ~e~bers opno~rin~ <br /> <br />~ heretofore ~pproved ~nd no~: on '~ile mn the office of ~h~ Director <br /> ~'- Public '~Vorks. <br /> <br /> 'Section '2: That ali cl~t~,~s for d~ges resulting from staid iou:orov~- <br /> ~nt shall be judicially mnquired into ~fter the co~pletion tn,~_eo~ <br /> ~.-a~that the D~rect'dT of Public ~Vorks be ~nd he is nereby~ ~ut~ ~n'~.~ ~ <br /> a~directed to ente~ into contrs, ct ~or said improvement in the <br /> ma~r provided by i'e~v~, v/~icH i'mprove~ent in accordance with A.t~,...~' '~ <br /> 1~, 'Section 16 oi the Char~er h~been estimated by the Director <br /> Public Works to h~ve a life of ~ yea, rs. <br /> <br />Se6tion ~: T~at for t'he ouroose of payin:~ the cos~ arid expense o~. <br />said mmprovement th~re~'..iS he~r~eb~-'Ievied a~d assessed a special <br />~ssessmeat upon the severed lots ~nd ~s~r~els of l~nd ~es~gnated i~ <br />and mn accordance'wiSh the 'e~S~$~ed ..ssessment (No. ~ ), as <br />for that purpose by the'Dir~ctor of Finance ~d recor~ended~ to thL~ <br />~.~the.Eo~dO~a~n o~ ~ss~ssr~ents ~n~.~ggreg~ti~ <br /> - . i ' ' "~sseosm~nt ~s hereb~ determined tc <br />~v~ been made on the b~s'ms of sp~ci~l ~enefits conferred by sa:d <br />improv~ent on th~ sever~I pa~cels o~ l~nd th&rein described and <br />~e s~e is herein confirmed, adopted ~nd. s. pproved. <br /> <br />Section ~: T~at the owners of the sever~ lo~s or p~cels of <br />incl.uded in s~d ~ssessmen~ shall pay the ~ounts ~om severally <br />du~ as sliovCn ~y col~n ~ of's¢id estim~msd mssessment to the <br />City Tremsurer on or before thmr~y aays from the d~te of the <br />of '~he brdin~nce, at' their opmion, and ~ defmult thereof said <br />a~sessment ~?ith int~res~ at the r~.~e of~ per cent~ per ~nnL~a u'oor <br />deferred 'pa~ent~ shall-be ~mys~bls t'o the Coun~ ~r~¢surer in ~ <br />~nnu~ 'installments, with th~ reEul~r t~es of~*,~, to~ ~o~2~. <br />incl~ ive~. <br /> <br />sedti$fi ~ That said annual p~ymen~s of s~id assessments s~nd <br />portions thereof *¢n~ intere~t"t~e'reon Shall be ~pplied to tho <br />of bonds ~o 'b~ issued in ~tici'pation of"the collection thereof an,'~ <br />tHe'interest thereon as the s~e sh~ll become due ~d to no other <br />pu~pose ~'hatso ever. <br /> <br />Sectio~ 8: 'This 'ordinanc~ shaI1 be in FulI force ~nd effect from <br />and ~fter the emrliest peri~ ~llo~¢e~ by la~v. <br /> <br />Adopted: _. 2e~ma~y 1~, 1~2~ <br /> <br /> President <br /> <br />~,yor <br /> <br /> <br />