41-79 Improve certain streets - Laserfiche WebLink

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-2- $5.50 per foot and the benefited footage of lots on Belle Avenue and Waterbury Avenue shall be assessed at the rate of~$3.00 per foot for this improvement, to wit: All lots and lands bounding and abutting upon the proposed improvement between the termini aforesaid, which said lots and lands are hereby determined to be specially benefited by said improvement; and the cost of said improvement shall include the cost of preliminary and other surveys, plans, specifications, profiles and estimates and of printing, serving and publishing notices, resolutions and ordinances, the amount of damages resulting from the improvement assessed in favor of any owner of land affected by the improvement and the interest thereon, the costs incurred in connection with the preparation, levy and collection of the special assessments, the cost of purchasing, appropriating, and otherwise acquiring therefor any required real estate or interests therein, expenses of legal services including obtaining and approving legal opinion, cost of labor and material and interest on bonds and notes issued in anticipation of the levy and collection of the special assessments together with all other necessary expenditures. Section 5. That the list of estimated assessments as heretofore prepared by the Director of Finance and included in the report of the Board of Revision of Assessments be and the same is hereby approved and the assessments so to be levied shall be paid in ten (10) semi-annual 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 thereto, for the purpose of providing funds to pay the cost of this improve- ment. 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 this his estimate of the life of the imporvement described in Sections I and 2 hereof is ten (10) years. Section 9. That the Clerk of Council be and she is hereby directed to deliver the Auditor of Cuyahoga County a certified copy of this ordinance within fifteen (15) days following its passage. Section 10. It is found and determined that all formal actions of this Council concerning and relating to the passage of this ordinance were adopted in an open meeting ~f this Council, and that all deliberations of this Council and of any of its Committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements including Section 121.22 of the Ohio Revised Code. Section 1. That this ordinance, having been declared to be.an emergency measure, for the reasons stated in the preamble hereof and provided it receives the affirmative vote of two thirds of all members elected ts Council, it shall take effect and be in force immediately upon its adoption and approval by the Mayor; otherwise it shall take effect and be in force from and after the earliest p~eriod allowed by law. ~ - - Adopted: ~/ //~ x~ ~--'~ Approved: .~.~ '~ ~x/~x~ ~~~ j ~x - ~ Mayor ~