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and otherwise acquiring therefor any required real estate orimterests therein, <br />expenses of legal services including obtaining an epprovi~glSgal opinion, <br />cost of labor and material and interest on bonds and notes issued in antici- <br />pation of the levy and collection of the special assessments together with all <br />other necessary expenditures. <br /> <br /> Section 5. That the list of estimated assessmentsas heretofore pre- <br />pared by the Director of Finance andincluded in the re,port,of the Board of <br />Revision of Assessments be and the same is hereby appxoved and the assessments <br />so to be levied shall be paid in ten (lC) semi-annual installments, with int- <br />erest on deferred payments at the same rate as shall be borne by the bonds to <br />be issued in snticipation of the collection thereof~ provided that the owner <br />of any property to be assessed may~ at his option~ pay such ~assessment in cash <br />within thirty (30) days after the passage of the assessing ordinance. <br /> <br /> Section 6. That bonds of the City shall be issued in anticipa~ion of <br />the collection of assessments by installments and in an amount equal thereto <br />and notes of said City shall be issued in snticipa~ion of the levy of such <br />assessments and the issuing of such bonds. <br /> <br /> Section 7~ That the remainder of the entire cost of this impr~vement~ <br />after application of the assessments herein provided shallbe paid by the <br />issuance of notes and bor~s of the City in the manner provided by law. <br /> <br /> Section 8. Tha~ pursuant to Article XIV~ Section 16 of the Charter of <br />the Cit~, the Director of Public Works has heretofore certified to this Council <br />that his estimate of the life of the improvement described in Section i and 2 <br />hereof is ten (lC) years. <br /> <br /> Section 9, Thet the Director of Public Works be and he is hereby <br />authorized and directed as soon as the funds therefor are available to make <br />and execute a contract for said improvement with the lowest and best bidder <br />after advertising according to <br /> <br /> Section 10o That the Clerk of this Council be and she is hereby directed <br />to deliver to the Auditor of Cuy~hogs Countys certified copy ,of this ordinance <br />within fifteen (15) days followi~ its passage. <br /> <br /> Section ll. That this ordinance~ hs~ing been declared to be an emergency <br />measure~ Shall be in full force and effect from and immediately after its <br />passage snd spproval by the Mayor~ <br /> <br />Passed: ,MaY B, 1965 <br /> <br />Approved:_May 10~ ,1965 <br /> <br />John Gaydos, Jr. <br /> President of Council <br /> <br /> Mary Adams <br />~ Clerk of CoUnCil <br /> <br />Robert Mo Lawther <br /> Mayor <br /> <br /> <br />