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Section 7. That the Clerk of this Council be and he is hereby directed <br />to deliver a certified copy of this resolution to the Director of Finance of <br />this City. <br /> <br /> Section 8. That pursuant to Section 3 of Article XIV of the Charter of <br />· the City of Lakewood, the Director of Finance of this City be and he is hereby <br />authorized and directed to prepare and file with this Council the estimated <br />assessments of the cost of the i~provement described in this resolution. When <br />such estimated assessments have been so filed, said Director of Finance shall <br />cause notice of the adoption of this resolution and the filing of said estimated <br />assessments to be served on the owners of all lots and lands to be assessed as <br />provided in Section 4 of said Article XIV. <br /> <br /> Section 9- That the assessments to be levied shall be paid in ten (lC) <br />semi-annual installments, with interest on deferred payments at the same rate <br />as sDall be bor~e by the bonds to be issued in anticipation of the collection <br />thereof which is now estimated at three and three-quarters per eentum per <br />a~uum, provided, that the owner of aDV property assessed may, at his option~ <br />pay such assessment in cash within thirty days after passage of the assessing <br />ordinance o <br /> <br /> Section tO. That bonds of ~he City shall be issued in anticipation of <br />the collection of assessments by installments and in an amount equal thereto <br />and notes of said City shall be issued in anticipation of the issuance of such <br />bonds and the levy of such assessments. <br /> <br /> Section ll. That the remainder of the entire cost of said improvement~ <br />after application of the assessments herein provided, shall be paid by the <br />issuance of bonds in the manner provided by law. <br /> <br /> Section 12. This resolution, having been determined to be an emergency <br />measure, shall be in full force and effect from and immedimtelyafter its <br />passage and approval by the Mayor. <br /> <br />Adopted:~ FebruarY <br /> <br />~o£ J~' <br /> Council <br /> <br />.Approved: Februar 21 ! 64 Mary Adams <br /> ~ Act~lh~Clerk of Council <br /> <br /> Robert M. Lawther <br />....... MaYor <br /> <br /> <br />