2934 - 28 Special assessment to improve Edgewater Dr

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BY 0~INANCE determ~n~ng ~o proceed with and levying and assessing a _assessment to pay the cost ~d expense of improving N~te~ NE IT OBDAII~ED by the Oouncil of the City of ~akewood County of C~yahoga, State of Ohio, three-fourths of all members concurring: Section I: That it is hereby determined to proceed with the improve- ment of .~S~_~.~ ~e 1LO ~L~O$~, ]J~Y ~L~ in accordance with Resolution No..~.3 .~.dopted $~t~.~F %~, r~?~es and [n accordance with plans, speo~f~az[ons, esm[~es ana p heretofore approved and now on fLle in the office of the Director of Publ[c Works. Section 2: That all claims for d~nages resultS, rig from said improve- ment shall be judicially inquired !n:o after ~he completion thereof and t~t the Director of Public Wc.:']:,.. be and he is hereby authorized and directed t~ enter trite country, cs ~'or s~.~.d [mprovement in the m~ner provided by law~ ~vhich imprc .,'~ .~;ent in acc~,rd~ce with Article 15, Section 16 of the Chs~rter has been estimated by the Director of p~bl[.c Works to ~ve a lzfe of~ years. Bection ~: That for ~e purpose of p~[ng the cost ~d expense of said ~mprovement there ~s hereby levLed and assessed a special assess- ment ~non the several lots and parcels of land..~esLgnated in ~d accord~ce w~th the estimated assessment (No. ~ ), as made for t~t purpose by the Director of Fin~ce and reco~ended to this Council y the Board of RevLs~on of ~ssessments and aggregatLng not to exceed $ 8o~6~ · Said estimated assessment is ~reby determined ~o ~ve been ~de on the basis of s~c~al benefits co,erred by said improve- ment on the' several parcels of land therein described and the same here~n confirmed, ~opted and appr~ed. Section 4: That' ~ 'o~ers of the several lots or parcels of land included in sa~d assessment shall pay the ~o~nts from them severally d~e aa sho~ by col~n ~ ef said estimated assessment No. to the City Treasurer on or before thirty days from the date e there of passage of the ordtn~oe, at their option, ~d in default sa~d special assessment w~th interest at the rate of ~ per centare per ann~ up~. deferred paym[nts shall be payable to the Connty Treasurer [~n~l installments, with the regular taxes of to ~ both [nclusive. Section 5: T~t said ~nu~ p~ments of said assess~nts ~d all portions thereof ~d interest thereon shall ~ applied to the pay- ment of bonds to be issued in anttcipat[on of the collection thereof ~d the Lntercst thereon as the same shall become due ~d to no other purpose whatsoever. Section 6~ This ordLnance s~ll be Ln full force and cffect from and after the earliest perLod allowed t~y laW. Adopted: Deee~er ~: ~ k OL~E $~ Approved:. ~, &. N~ Mayor . Clerk