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Section 6. 'l~hal obliflations of tile City sl~all be issued, in anticipation <br />of the collection of special assessmenls by installments and in an amount <br />thereto, for the purpose of providing funds Lo pay the cost of this improvement. <br /> <br />Seclion 7. 'Ihal thc' remainder of the enlirc cost of this improvement, after <br />application of It~e assessments herein pr-ovided shall be paid by the [ssuance <br />of notes and bonds of the City in the manner provided by law. <br /> <br />Section 8. 1ha! pursuant to Article XIV, Section 16, of the Chart. er of the <br />City, the Dir-ect(~r of Public Works has heretofore certified to this Council <br />!his his esl imale of !lie life of the improvement described in Sections I and 2 <br />hereof is-ten (10) years. <br /> <br />Sectio'n t~ That tim Clc, rk of Council be and she is hereby directed to deliver <br />Lo Lbe Auditor of Cuyahoga County a certified COl)y of this ordinance within <br />fifteen (15) days following its passa.cle. <br /> <br />Section I0. Il i~; I()l~nd arid clet~'rmi~,ecl thal all formal aclions ~f this Council <br />concorr~ir~g and rcJal lng Io lh.c i~a~sage of lhis ordinance wore adopled in an open <br />mooting of this (]otlncil. mid that all dglil)orations or lhis Council and of any of <br />[ts committees that resulted i.n such formal action, were in meetings open Lo the <br />put) li~, in compliance with all legal requirements including Section 121.22 of the <br />Ohio Revised Code. <br /> <br />Scctie~n J.t' ]ha! lhis ordi~l;mc.t,, I~avin!l t)ucn d('cJarcd l(~ J)e an cm~'rgerlcy measure, <br />for the~ reason~ sta!e(I in the pfc-amble hereof an(l provided i~ receives the a£firma- <br />Live vote of Lwo-Ll~ircls of all members elected to Council, iL shall take effect and <br />be in force immcdi aL(~J y ttpon i ts adopt ion and approval by tile Hayer; oLherwi~,e <br />i-t shall take effect and be in force from and after the earliest period allowed by <br />Jaw. <br /> <br /> <br />