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RESOLUTION NO. 3865 ~Y: Messrs. Gaydos, Law, her, Ward, <br /> Fahrenbach. <br /> <br /> A RESOLUTION declaring it necessary and conducive to the public <br />health, convenience and welfare to improve Arthur Ave. from Detroit <br />Ave. to Hilliard Rd. by resurfacing same with asphaltic concrete and <br />doing any and all grading, draining and curbing or other work necessary <br />thereto. <br /> <br /> BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE <br />OF OHIO: <br /> <br /> Section le That it ia deemed and declared necessary to improve <br />Arthur Ave. from Detroit Ave. to Milliard Rd. by resurfacing same with <br />asphaltic concrete and doing any and all grading, draining and curbing <br />or other work necessary thereto. <br /> <br /> Section 2. That the plans, specifications, estimates and pro- <br />files for said improvement heretofore prepared hy the EnEineer on file <br />in the office of the Department of Public Works, be and the same are <br />hereby approved. <br /> <br /> Section 3~ That the entire cost and expense of said improvement <br />(less 50% of the Cost) shall be levied and assessed in proportion to <br />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 determingd to be specially benefitted by said im- <br />provement and the cost aha expense of the improvement%shall include <br />the expense of preliminary and other surveys, printing and publishing <br />notices, resolutions 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 be levied shall be payable <br />in five annual installments, with interest on deferred payments at <br />t~9 ~at? of three per centum per annum, payable semi-annually, pro- <br />~laec, nowever,.that the owners of any of said lots or parcels of <br />Land so assessed may, at their option, pay such assessment within <br />thirty (30) days after the passage of the assessing ordinance in this <br />proceeding, and such cash payment of assessments shall not include <br />any items of interest on bonds to be issued in anticipation of the <br />collection of deferred installments of assessments. <br /> <br /> Section 5. That bonds of the City of Lakewood shall be issued <br />in anticipation of the collection of said assessments in an amount <br />equal theretoe <br /> <br /> Section 6. That the remainder of the entire cost and expense of <br />said improvement not specially assessed, including damages awarded to <br />any o~mer of adjoining lands or interest therein shall be paid out of <br />Gasoline Tax, Motor Vehicle License Tax or other funds of the City of <br />Lakewood. <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: May 5. <br /> <br />Thomas C. Ward <br /> President <br /> <br />Approved: May 7. 1958 <br /> <br />_ N.A. Rees <br /> <br />Clerk <br /> <br />Frank ~. Celeste <br /> Mayor <br /> <br /> <br />