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Section 7. That obligations of the City shall be issued, in anticipation of the collection of <br />special assessments by installments and in an amount equal thereto, for the purpose of providing funds to <br />pay the cost of this improvement. <br /> <br /> Section 8. That pursuant to Article XIV, Section 16, of the Charter of the City, the Director <br />of Public Works has heretofore certified to this Council that this estimate of the life of the improvement <br />described in sections 1 and 2 hereof is twenty (20) years. <br /> <br /> Section 9. That the Director of Public Works be and he is hereby authorized and directed as <br />soon as the funds hereof are available to make and execute a contract for materials and certain services <br />with the lowest and best bidder after advertising according to law. <br /> <br /> Section 10. That the Clerk of this Council be and she is hereby directed to deliver to the <br />Auditor of Cuyahoga County a certified copy of this ordinance within fifteen (15) days following its <br />passage. <br /> <br /> Section 1 I. That it is found and determined that all formal actions of this Council concerning. <br />and relating to the passage of this ordinance were adopted in an open meeting of this Council, and that all <br />such deliberations of this Council and of any of its committees that resulted in such formal action were in <br />meetings open to the public in compliance with all legal requirements. <br /> <br /> Section 12. That this Ordinance is hereby declared to be an emergency measure for the <br />reasons stated in the preamble hereof and provided it receives the affirmative vote of two-thirds of all <br />members elected to Council, it shall take effect and be in force immediately upon its passage and <br />approval by the Mayor; otherwise, it shall take effect and be in force after the earliest period allowed by <br />law. <br /> <br />Adopted: <br /> <br />President <br /> <br />Mayor <br /> <br /> <br />