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-2- <br /> <br />appropriating, and ®therwise acquiring therefer any required real estate ®r <br />interests therein~ expenses ef legal services including ebtaining an appreving <br />legal ®pinion~ c®st ef l~b®r and material and interest on bonds and notes issued <br />in anticipati®n ef the levy and c®llection ef the special assessments together <br />with all ether necessary expenditures. <br /> <br /> Secti®n ~o That the llst ®f estimated assessments heretofore pre- <br />pared by the Direct®r ®f Finance but as m~dified in the report ®f the Beard ®f <br />Revision of Assessments ~.e and the same is hereby appr®ved and the assessments <br />s® t® be levied shall be p~id in ten (lC) semi,-annual installments, with inter- <br />est · n deferred payments at the same rate as sh~ll be borne by the b~nds t® be <br />issued in anticipati®n ®f the c®llecti®n ~here~f, pr®vided that the ®wner ®f <br />any property t® be assessed may, at his eption, pay such a~sessment in cash <br />within thirty (30) days after the passage ®f the assessing ~rdinance. <br /> <br /> Secti.n ~. That obligations .f the City shall be issued, in <br />anticipati®n ®f the ¢®llecti.n of special assessments by &nata]Sments and in an <br />am. unt equal theret.¢ for the purpose.cf pr.viding funds t. pay the cost of <br />this impr.vement. <br /> <br /> Secti.n 7. That the remainder of the entire cost of this improve- <br />ment including the reducti®n in assessments m~de by the Board ®f Revisi®n of <br />Assessments, after applicati®n of the assessments herein provided shell be paid <br />by the issuance ~f n~tes and bonds .f the City in the manner pr.vided by law. <br /> <br /> Section 8. That pursuant t® Article XIV¢ Section 16 ,f the Cherter <br />· f the City, the Direct,r .f Public Works has heret.fere certified t. this <br />Council that his estimate of the life of the impr®vement described in Secti,n <br />I and 2 hereof is ten (lO) years. <br /> <br /> Section 9o That the Directer .f Public Werks be and he is hereby <br />auth~rizedanddirected as s..n as the funds theref,r are available to m~ke <br />and execute a c.ntract f®r said impr.vement with the 1.west and best bidder <br />after advertising acc.rding t. law. <br /> <br /> Section lC. That the Clerk ef this Council be and she is hereby <br />directed to deliver t. the Audit.r of Cuyahoga C®unty a certified c®py ef <br />this ®rdinance within fifteen (15) days f.llowingits passage. <br /> <br /> 8ecti®n ll. That t~is .rdinance, having been declared to be an <br />emergency measure, shall be in full force and effect from and immediately <br />after its passage and approval by the <br /> <br />PasSed: April 17,, 1967 <br /> <br />Charles S. Huffman, <br /> President of Council <br /> <br />Approved :,.APril 17, 1967 <br /> <br />Grace Reynolds <br /> Clerk of Council <br /> <br />Robert M~ L~wther <br /> M~yer <br /> <br /> <br />