2932 - 28 Special assessment to improve Edgewater Dr

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~ 0EDINANCE .determining to proceed with and levying and assessing a ~D~c.~al ~es.sme~t te ~av the ~cost ~d ~xpense _of ~mprov~ng ~~ NE IT 0RDAII~ED bY the Council of the City of V, akewood County of Cuyahoga~ State of Ohio, three-fourths of all members concurring: Section 1£ ~ That it i,~ here~by determined to proceed with the improve- ment of ]$~f~_Wa~ ~J~W$~, rroB ~e~ ~.~ D~, ~ ~~ in accordance with Resolution No. ~4 =dopted Oet~e~ ~h, X~ and ~n accordance with plans, specifications, estimates and profiles heretofore approved and now on file in the office of the Director of Publ i c' Works. Section 2: That all claims for d@,r~ges resalt~.ng from said ~mprove- ment shall be judicially inquired !n':o ~fter ~he completion thereof and that the Director of Public ~;~.~? be and he ~s hereby a~thor~zed and directed t~ enter into cot'~trac~ ~or sa~.d improvement in the m~nner provided by law~ which impro'v'~-mnt in accordance with Article 15, Section 16 of the Ch~er~h~been estimated by the Di~rector of Public Works to h~ve a l~me o~ ,s~ years. Bection 3: That for the purpose of p~ying the cost and expense of said improvement there ~s hereby levied and assessed a special assess- ment upon the severml lots and parcels of,land~e.s~gnated ~n ~ud in accordance with the estimated assessment (NCo ~ ), as ma~e for that purpose by the Director of Finance znd recommended to this Council by th~=B~r.d.9,f ReviSion of ~AssessmentS and aggregating not to exceed $ i~$O o Said esttm=ted assessment is hereby determined to have been made on the basis of special benefits conferred by said improve- ment on the several parcels of land therein described and the same is herein confirmed, adopted and approved~ Section 4: That the owners of the ~everal lots or parcels of land included in said assessment shall pay, the amounts from them g~erally due as shown by column ~3 ef said estimated assessment Nco to the City Treasurer on or before thirly days from the date of the passage of the ordinance, at ~he~r option, and in defa$1t thereof sa%d special assessment with interest at the rate of ~ per centare p'er annum upton deferred payments shall be p~yable to the Co~ surer in~'annual installments, with the regular taxes of Tre1 to $~ both ~nclusive. Section 5: That said annual p~yments of said assessments aud all portions thereof and interest thereon shall be ~plied to the pay- ment of bonds to be issued in anticipation of the collection thereof ~ud the interest thereon as the same shall become due and to no other purpose whatsoever. Section 6: This ordinance sh~ll be in full force and cffect from and after the earliest period ~llowod by lawo Adopted: ApproVed: Z.A. Vi~ A, g~' ll~l~'ltlt~ ~ ~[ayor Clerk