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KESOLFIION ~0. 3638 BY Mr. ~uinn <br /> <br /> A RESOLUTION declaring it necessary and conducive to the public <br />health, convenience and welfare to improve Hathaway Avenue from Merle <br />Avenue to Clifton Boulevard by resurfacing same with sheet asphalt or <br />asphaltic concrete and doing any or all grading, ~%raining and curbing <br />or other work necessary thereto. <br /> <br /> BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ~EWOOD, STATE <br />OF OHIO~ <br /> <br /> Section 1. That it is deemed and declared necessary to improve <br />Nathaway Avenue from Merle Avenue to Clifton Boulevard, by resurfacing <br />same with sheet asphalt or asphaltic concrete and doing any or all <br />grading, draining and curbing or .ot~er work necessary thereto. <br /> <br />f.. . Sectio~n.2, That the_ plans, specifications, estimates and pro- <br /> xAes x-or aais lmprovement, heretofore prepared by the Engineer and <br />now on file in the office of the Department of Public ~orks, be and the <br />same are hereby approved. <br /> <br /> Section 3- That the entire cost and expense of said improve- <br />ment (less ~0% of the cost) shall be levied and assessed in proportion <br />to the benefits which will result from said improvement upon the lots <br />and lands bounding and abutting said improvement which said lots and <br />lands are hereby determined to Be specially benefitted by said improve- <br />ment, and the cost and expense of the improvement shall include the <br />expense of pr~.liminary and other murveys~ printing and publishing <br />notices, reso-utions and ordinances required, the serving of notices <br />and the cost of construction, together with the interest on bonds that <br />shall be issued in anticipation of the collection of deferred payments <br />of assessments and other necessary and incidental expense. <br /> <br /> Section ;+. That the assessment so to he levied shall be pay- <br />able in five annual installments, with interest on deferred payments at <br />the rate of two per eentum per annum, payable semi-annually, provided <br />however, that the owners of any of said lots or parcels of land so <br />assessed may at their option, pay such assessment within thirty (30) <br />days after the passage of the assessing ordi~_nce in this proceeding, <br />and such cash payment of assessments shall not include any items of <br />interest on bonds to be issued in anticipation of the collection of <br />deferred installments of assessments, <br /> <br /> Section ~. That bonds of the City of Lakewood shall be issued <br />in anticipation of thecollectiOn of said assessments in an amount sq..ual <br />thereto. <br /> <br /> Section S. That the remainder of the entire cost and expense <br />of said improvement not specially assessed, including Savages awarded <br />to any owner of adjoining lands Or interest therein shall be paid out <br />of the ~asoline Tax or Motor Vehicle License Funds. <br /> <br /> Section 7. That this resolution shall take effect and be in <br />force upon its passage and approval by the Mayor and at the earliest <br />period allowed by law. <br /> <br />Adopted: June 6, 1955 <br /> <br />R. FairATieve <br /> President <br /> <br />Approved: June <br /> <br /> ... A....I..Xauffman <br /> <br />Clerk <br /> <br /> <br />