8851-16 Reso of Necessity - Meridian Revetment

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ISVREADING AND REFERRED TO PUBLIC WORKS COMMITTEE 2/1/16. RESOLUTIONNO. 8851 -16 BY:Anderson, Bullock, Litten, Marx, Nowlin, O'Leary, O'Malley, A RESOLUTION to take effect immediately provided it receives the affirmative vote of at least five members of Council, or otherwise to take effect at the earliest period allowed by law, declaring it necessary to construct and provide improvements to protect the northerly property line of the Meridian Condominium to provide, construct and install a revetment on the northerly property line by Lake Erie, at the Meridian Condominium located at 12550 Lake Av- enue. WHEREAS, a majority of unit owners of The Meridian Condominium wish to have the northerly property line improved as described above in the title of this resolution and have demonstrated such through the signing of a petition in support of self - assessment for the cost associated with such; and WHEREAS, the Meridian Condominium has 191 individual residential condominium units; and WHERAS, in addition to the income tax generated by the residents of the Meridian, the property taxes assessed to this building annually exceeds $710,000; and WHEREAS, the City desires to assist the property owners of the Meridian by making these improvements and permitting the property owners the benefit of paying for these im- provements by way of special assessment; and WHEREAS, this Council by a vote of at least five of its members determines that this resolution is an emergency measure, that it shall take effect at the earliest date possible as set forth in Article III, Sections 10 and 13 of the Second Amended Charter of the City of Lake- wood, and that it is necessary for the immediate preservation of the public property, health and safety, and to provide for the usual daily operation of municipal departments in order for con- struction to commence this season; now, therefore BE IT RESOLVED BY THE CITY OF LAKEWOOD, OHIO: Section 1. It is necessary to improve the northerly property line of the Meridian Condo- minium in the City of Lakewood. Section 2. Said property shall be improved in accordance with specifications hereinafter referred to and now on file in the office of the Engineering Division, including improvements to