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ORDINANCE NO. ~s~0BY igr. Al~ell <br /> <br />AN ORDINANCE determining to proceed'with, and levying and assessing <br />~.~Decial asse~_sment to pay the cos'¢ and expense of Lmpr~V~.ng <br /> <br />BE IT ORDAINED by the Council of the City of Lake%vocal, County of <br />Cuyahoga, State of Ohio, three-fourths of all members conc~mring: <br /> <br />Section 1: That it is hereby determined to proceed with the improve- <br /> <br />i'n accordance w~th Recolut$on I¢5. ~ adopted <br />and ~n accordance ~th plans, sp~clfio~tloE5, e~tlmaves <br />heretofore approved and nm; on fils in the office <br />hblic Works. <br /> <br />Section 2: That all cta~,~s fdr damages resulting from said, improve- <br />ment shall be oudicially '~nquired into after the completion theu'eof <br />and that-the Direct'alT of Public V~orks be and he ~s i~ereby authorised <br />and directed to ente~ into contract for sazd improvement in the <br />manner provided byz"av~', wYzch improvement in accordance with ~rtic,e <br />l~, 'Section 16 of 'the Charter has been estimated by the Director :.f <br />Public Works to have a li£e of $9 years. <br /> <br />Sed%ion ~: That for the our~ose of paying the cost and expense of <br />Said ~mprovement there is h~gb~:-ievied and asses'seal a specdal <br />assessm~at upon t~e severs~l lots and p. arcels of land desi~nated ~n <br />and mn accordance wi_th .the "~t'im~ed assessment (No.$0~ ;, as mad= <br />for that purpose by the Director of Finance" and recommende~: to thz~ <br />Council by the Eoard,of Revision of Assessments and aggregating <br />$ ~2~*(~0 .~ Sai~ estimated assessment is hereby determined tc <br />h~ve been made on the b~'is of special ~Jenefits conferred by sa.:d <br />improve~uent on the sever's~I parcels oi land therein described an6 <br />the same is herein confirmed, adopved and approved. <br /> <br />Section 4: THat the owners of the several lots or parcels of <br />included in sazd assess~a~nt shall pay the amounts from tl%em severally <br />due as sliown by col%~n ~3 cf said estimated assessment ~6~ to the <br />City Treasurer on or befdre thirty days from the date of the <br />of'the ordinance, at thei~ op'cion, and zn default thereof said specf.~ <br />a~sessment v~th int%rest at t~ie rs/ce of $ per cent~ per ann~z~; upor. <br />deferred 'pa~ent~'~halI"be payable t'0 th~ County Treasurer in ma <br />annu~ installments, with th~ regular t~es of ~2~ to~9~ ~oU3. <br />inclusive. <br /> <br />sedti0n ~ That'said annual payments of said assessments and <br />portions therecf and interest thereon shall be applied to ti~e paym~ <br />of bonds to b~ issued in anticfpatie'n of the collection'tk~reof aha <br />t~e interest thereon as the s~e shall become due and to no other <br />purpose whatsoever. <br /> <br />Section 8: 'This ordinanc% shaI1 be in fult force and effect frcm <br />and after the e~liest period allowe~ by law. <br /> <br />Adopted: A~r[! ~th~ <br /> ~llen M. Oolde~ <br /> President <br /> <br /> A~roved.. A.I. ~:fmmn <br /> ~ t' -- Cl~rk <br />...... Mayor <br /> <br /> <br />