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AN ORDINANCE determining to proceed with, and levying and assessing <br />a special a~se.ssment to pay the cost and exrense OS <br /> <br />BE IT ORDAINED by the Council of the City of Lake%vocal, County of <br /> Cuyahoga, State of Ohio, three-fourths of all members conCUrring: <br /> <br />SeCtion ~r~~ e e ;' ~ ~ ,~m rove <br /> <br />i'n accordance w~th Resolution N6. ~ adopted~r ~Ot~ l~e <br />and in accordance with plus, specifications, estimates ~d prolific <br />heretofor~ approved and nm~ on file mn the office o~ the Director o[ <br />~blic Works. <br /> <br /> ~c~mo~ ~ That al.[ claimers f6r damages resulting from said <br /> ment shall be Judicially inquired into after the co~,~pletion <br /> ~d tha~'the Direct'~k of Public Works be and he is hereby author:~zed <br /> and directed to enter into contract for said improvement in the <br /> ~anner p?ovided by l~aw, w~ic~ improvem~ent in accordance with Attic .... <br /> 1~, 'Section 16 of the Charter h~been estimated by ~he Director <br /> Public Works to have a life of ~ years. <br /> <br /> Se6tion 3: That for' the ouroose of payin~ the cost and expense o:: <br /> said mmprovement the.~[.iS h~eby'Ievied ~d ~sses~ed a special <br /> ~ssessme~t upqn t~e seve~. ~qts and~ pa~els of si~nated i~',~ <br /> for that purpose b~ ~he Director of Finance and reoo~ende~ to <br /> ~ .~' .. Said. es'timated ~s~essm~nt..... . .. , ~s hereby detormine~ <br /> ~ve be~n made on the baszs of special '~enefits' conferred by said° <br /> ~prov~ent on the sever'~I pace'els of l'and therein ~esc_~bed anc~ <br /> ~e s~e is herein confirmed, adopted ~d ~pproved.' ' ~' <br /> <br /> ~ection 4: T~at ~he owners off the several lots or p~ce!s of <br />included in s~d asses~m'ent sh~l p~, the ~ounts from thSeve all3 <br />due a~ shown b~ colt~n ~3 of'said estimated assessment ~ to tt~e <br />City Treasurer on or bef6re ~h~rty aays ffrom the date of the passag~ <br />of '~he 'ordinance~ a2 t~i~ option, and ~ default thereof said~ec.~- <br />mmsessment Wi'th fn~Brest at ~t~ie rate of~ per cent~ Der <br />deferred 'pa~ent~ '~halI[be ~ayabls t~ the CountyZ~sure~~ <br />~nnu~ 'installments, with the regular $~es cf ~ ~ <br />inclu~iVe. ~ <br /> <br />8e~ti~n 5~ That 'said mnnu~l pa~ents of s~id assessments and <br />portions thereof ~nd ~nte~e~"2he'reon shall be applied to the <br />of bonds ~o 'b~ .issued in ~ti'c'~pati6n off 'the collection thereof <br />t~e-in~erest 2hereon as the s~e shall become due and to no other <br />purpose w~tsoever. <br /> <br />Section ~: This 'ord~nano~ ehaI1 be in ffulI force a~ effect from <br />a~ rafter t~ e~liest period allovze~ by law. <br /> <br />Approvedr . <br /> <br /> <br />