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Section 7. That the Clerk of this Council be and she 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 ~nd file with this Council the estimated <br />assessments of the cost of the improvement 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 l~nds to be assessed <br />as provided in Section 4 of said Article XIV. <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-quarters per centumper annum, <br />provided~ that the owner of ec0y property assessed may, at his option, P~y such <br />assessment in cash within thirty days after passage of the assessing ordinance. <br /> Section 10. That bonds of the City shall be issued in ~nticipation 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 aud imediatelyafter its <br /> passage and approval by the Nayor. <br /> <br />Adopted: ,~ebrua,rv,20~ 1967 <br />Approved:_Februarv 20. 1967 <br /> <br />Charles S. Huffman~ J,~. <br /> President of Council <br /> <br />G,race Reynolds <br /> Clerk of Council' <br /> <br />,,,RQb. e,rt M. Lawthe~ <br /> Mayor <br /> <br /> <br />