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ORDINANCE NO. 241~ By Nr. Gillls <br /> <br />AN 0RDI~ANCE determining 'to proceed ·with, and levying and assescing <br />a special assessment to pay the cost and expense of ~pr~V~ng <br /> <br />o0n~tr~ctt~ ~r <br /> <br />BE IT 0RDAI~D by the Council of the City of Lake~ood, County <br />Cuyahoga, State of Ohio, t~ee-fourths of all ~embers concurring: <br /> <br />SeCtion ~: _~hat it is hereby determined to proceed with the improve- <br /> <br />in accozdance with Resolution No. ~0 adoptea ~ l~l~ 19a~ , <br />and in accomdancc wzth <br />heretofore approved and no~/ on i~ile zn the o~ffice off ~he Dizecto~ of <br />~blic Wo~ ks. <br /> <br />Section 2: That ali claU.~s for damages resulting from said improve- <br />ment shall, be judicially inquired into after the con~pletion theu'eof <br />and that~the Direct'dr of Public %Vorks be and [ne is ilere'by authorized. <br />and directed to enter in'~o contract for said improvement in the <br />manner provided by la%'~, v;b2lch impro%~en~.ent in ~ccordance with A.t~o~ ' ~ <br />l~. 'Section 16 of the Char~er has been es~zmated by the Director of <br />Public Works %o have a l~_fe of ~0 years. <br /> <br />Section 3: That for t'he nuroose of payin.q the cost and expense <br />Said ~mprovement there..is h.or..~9~['levied and asses%ed a special <br /> <br />and ~n accordance v/lth the'~{~sd ~.s~ess.~ent (No.60~ )', as mad,= <br />for that purpose by the Director of Finance and reco~ende~s to <br />Ca~ncal by the Hoard,of Revision of Assessmen'as and aggre~a~3.~; <br /> Sa_ est~ma~e~ ~ssessm~n~ is he~D~~ determ~n~a tc <br />have bean made on the bas'is of' spsoial "denefi%s conferred ~y <br />improvement on the seve~'~I }ardels of land therein descrzbed and. <br />the s~a is herein confirmed, adoD-oed and approved. <br /> <br />Section ~: That tl~e owners of the several loss or parcels of la?.d <br />included ~n sc~d assessm'ent shall pay the amounts from %~em severally <br />due as shown b'y coltfmn ~3 of'said estimated assessment ~0~ to the. <br />City Treasurer on or bef6re th~_rty says from the date of the psssa~_e <br />of 'the 'ordinance, at' the~ option, and ~.n default thereof said specf, s. <br />a~sessmen~ vii'th int'erest at the rate of ~ per centum per ann~m~ upor. <br />deferred payments'shall-be payable t'o the County ~Tffeasurer in ~ <br />annual installments, with the ~'e~ular taxes o~ ,i to~.~9 bo t,b. <br />inclusive. <br /> <br />Sedti6n ~.; That said annual payments of said assessments and s!k <br />portions therecf and antereat'thereon shall be applied to %he paym~ <br />of bonds to b8 issued in anticipation of' the collection thereof an~[ <br />t~e'interest thereon as the s~e shall bccome due and to no other <br />purpose whatsoever. <br /> <br />Section ~: This ordinance snail be in ffulI force and effect frcm <br />and after the e~liest period allayed by law. <br /> <br />Adopted: August 3rd, 192~ <br /> · ~s Go ~enn <br /> · -r~s iden+ <br /> <br /> .... A.I. Kauffman <br />Approved: E. A. Ui~'gand Cl~rk <br /> Mayor <br /> <br /> <br />