19-70 Improve Halstead - Laserfiche WebLink

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-2- installments, with interest on deferred payments at the same rate as shall be borne by the bonds to be issued in anticipation of the collection thereof, provided that the owner of any property to be assessed may, at his option, pay such assessment in cash within thirty (30) days after the passage of the assessing ordinance. Section 6. That'obligations of the City shall be issued, in anticipation of the collection of special assessments by installments and in an amount equal thereto, for the purpose of providing funds to pay the cost of this improvement. Section 7. That the remainder of the entire cost of this improvement, after application of the assessments herein provided shall be paid by the issuance of notes and bonds of the City in the manner provided by law. Section 8. That pursuant to Article XIV, Section 16 of the Charter of the City, the Director of Public Works has heretofore certified to this Council that his estimate of the life of the improvement described in Sections 1 and 2 hereof is ten (10) years. Section 9. That the Director of Public Works be and he is hereby authorized and directed as soon as the funds therefor are available to make and execute a contract for said improvement with the lowest and best bidder after advertising according to law. Section 10. That the Clerk of this Council be and she is hereby directed to deliver t° the Auditor of Cuyahoga County a certified copy of this ordinance within fifteen (15) days following its passage. Section 11. That this ordinance, haVing been declared to be an emergency measure, shall be in full force and effect from and immediately after its passage and approval by the Mayor. Passed: '~--~' 6 , 1970 Approved: 'i..~:~L~-' ~ 1970 Vi~e President of" Council Clerk of Council Mayor