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-2- <br /> <br />appropriating~ and otherwise acquiring therefor any required real estate or <br />interests therein~ expenses of legal services including obtaining an approving <br />legal opinion~ cost of l~bor and material and interest on bonds and notes issued <br />in ~nticipation of the levy and collection of the special assessments together <br />with all other necessary expendit~reso <br /> <br /> Section 5. That the list of estimated assessments as heretofore pre- <br />pared by the Director of Finance and included in the report of the Bo~rd of <br />Revision of Assessments be and the same is hereby approved and the assessments <br />so to be levied shall be paid in ten (10) semi-a~nual installments~ with inter- <br />est on deferred payments at the same rate as shall be borne by the bonds to be <br />issued in anticipation of the collection thereof~ provided that the owner of <br />any property to be assessed Eay, at his option~ pay such assessment in cash <br />within thirty (~0) days after the passage of the assessing ordinance. <br /> <br /> Section 6. That obligations of the City shall be issued, in <br />anticipation of the collection of special assessments by installments ~nd in an <br />amount equ~l thereto~ for the pttrpose of providing funds to pay the cost of <br />this improvement. <br /> <br /> Section 7. That the remainder of the entire cost of this improvement~ <br />after application of the assessments herein provided shall be paid by the <br />issuance of notes aud bonds of the City in the manner provided by law. <br /> <br /> Section 8. That pursuant to Article XIV, Section 16 of the Charter <br />of the City, the Director of Public Works has heretofore certified to this <br />Council that his estimate of the life of the improvement described in Section <br />i and R hereof is ten (10) years. <br /> <br /> Section 9. That 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 ~nd best bidder <br />after advertising according to law. <br /> <br /> Section 10. That the Clerk of this Council be and she is hereby <br />directed to deliver to the Auditor of Cuyahoga County a certified copy of <br />this ordinance within fifteen (15) days following its passage. <br /> <br /> Section ll. That this ordinance~ having been declzred to be an <br />emergency measure~ shall be in full force and effect from and immediately <br />after its passage and approval by the Mayor. <br /> <br />Passed:. April 17, 1967 <br /> <br />· Charles...~..Huffman.,..J~,. <br /> President of Council <br /> <br />Approved:APril 17. 1967 <br /> <br />...... Gra. De Reynolds <br /> C~erk of Coun6$1 <br /> <br />Robert M,, Lawther Mayor <br /> <br /> <br />