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Section 7. That the Clerk o£ 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 ~he 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 (10) <br />semi-annual installments, with interest on deferred payments at the same rate <br />as shall be borne by the bonds to be issued in anticipation of the collection <br />thereof which is now estimated at three and three-qnartersper centum per <br />annu~, provided, that the owner of any property assessed may, at his option~ <br />pay such assessment in cash within thirty days after passage of the assessing <br />ordinance. <br /> <br /> Section 10. That bonds of the 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 l~. This resolution, having been determined to be an emergency <br />measure, sh~.ll be ia full force and effect from and immediately after its <br />passage and approval by the Mayor. <br /> <br />Adopted: February 17, !964 <br /> <br />John Gaydos, Jr. <br /> President of Council <br /> <br />Approved: Februar~ 2~__~ ..... Mary Adams <br /> Ac~lng clerk of Council' <br /> <br />Robert M~ Lawther <br />Mayor <br /> <br /> <br />