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ORDINANCE N0~24~X By <br /> <br />AN ORDINANCE ~etermining to proceed'with, and levying and asses'~ing <br />a special a~sessmen~ to pay the cost and expense of ~pr~V~ug <br /> <br />BE IT ORDAINED by the Council of the City of Lake~ood, County of <br />Cuyahoga, State of Ohio. three-fourths of all members concurring: <br /> <br />Section l: That it is hereby determined ~o proceed with the improve- <br />ment o~f_A~:l.$~'~~ A~J~_~f~ ~0~ ~a~e~ ~ ~ ~$~r ~, ~ ~ <br />i'n accordance w~th Resolutfon NO. ~ adopted FO~ry 1~ ~ <br />and in accorda~ce wzth pl~,s, specifications, eszima-~es and prozizes <br />heretofore approved and no~; on file zn the office of the Director of <br /> <br />Section 2: That all claim, s for damages resulting from said improve- <br />ment ~hall be judicially inquired into after the completion thereof <br />and that 'the Direct'dr of Public Works be and he is hereby autho~'~zed <br />and directed to enter into contract for said improvement in the <br />manner p~ovided by l'aw, v/hich impro.zen=ent in accordance with Afl;in~ <br />15, 'Section 16 of the Chaunter has been estimated by the Direczor off <br />Public Works ~o have a life of ~O years. <br /> <br />Sedzion 3: That for the ouroose of payina the cost and expense of <br />said ~mprovement ther§' is hereb~f' Ievied and asses'sed a special <br />assessme~ upon t~e sever~X lots and ~arcels o~ laud ' - ~ .... <br />and in accordanc~ w'i~h she '~'~ed ~.s-sess.ment (No. <br />for Shat purpose b~ the Director of Finance and reco~ende~ to thi~ <br />Council by the Board of Revision of Assessmen'cs and aggregating <br />$ 3~00~ .. Said estimated assessment ~s hereby dstormim.ed to <br />~ve' been made on the b~'s'ts ~f spscial ~enefizs conferred by sa:d <br />improven~ent on the sever'~l' parc'els oi land therein described and <br />the s~e is herein confirmed, adopted and approved. <br /> <br />Section ~: Tl~at the ov~ners of the ~evsral loss or parcels of lau..a <br />included ~n said assessment shall pay the amounts from ~h~, severally <br />due e.s sliown 'by colt~mn ~' of'said estimazed assessment ~ [~O~to the <br />City Treasurer on or befbre thzrty ~ays from the date of the passa~: <br />of'the 'ordinance, at thei~ oo'oion, a.nd ~n_default thereof said <br />a~sessment vii'th £nt'erest at ~'he. rate of ~ per centum oer annum upon <br />deferred 'paYment~'shall"be lffayaol8 t'0 the County T~eas[Arer i~ ~O <br />annual 'in~t~llments, with the regular ta~es of ~ to ~ bot.a <br />inclusive. <br /> <br />Sec'ti0n 5.; That said annual payments of said assessments and <br />portions thereof and interest thereon shall be applied to the paym~r.~ <br />of bonds to b~ issued in antioi'patien of the collection thereof <br />the'interest thereon as the same shall become due and to no other <br />purpose whatsoever. <br /> <br />Section 8: This Ordinanc'e shall be in ffulI force and effect frcm <br />and after the earliest period allo~,ve~l by law. <br /> <br />Adopted: <br /> <br />Elle~ ~. Ooldenbo~e._~_ <br /> President, <br /> <br /> <br />