57-71 BAN - owners portion to improve certain streets

Home Browse Search

ORDIIIA~CE I~0. 57-71 Messrs. Usher, Wendli~ Gaydos, Graber, BY: Kelley ~ iq snticipation of the AN ~4EEGF, NCY ORD!N~CE to provide for the issuance of notes ~n ~ticip~tion of the levy of ~pecial a~sesoments i~suanCe of bonds to pay the prope~Y °~er~s portion of the cOSt of improv- ing certain ~treets in the City of L0kevoc~, Ohio, ~Y the nece~Y 6trading of the ba~e, res~f~cin~ ~th ~ph~ltic concrete inc!u6ing the necessa~ re- placement aha resettin~ of ca~tin~s ~ the neces~a~ re~ettin~ ~ repl~cing of curbs together ~th neces~a~ appu~en~CeS thereto.- ,EAS the Co~cil of the City of L~ewcc~ ~as heretofore ~Y pr~ ~tE~ , ~6~ deter~ned to'proceed ~:ith the improvement of per legislation adopted in ~y ~ ' grading of the base, rest. the streets hereinafter desi~ated by the necessa~ facing with asphaltic concrete including the necessary replacen ut ~d resetti of castings ~d the necess~Y resetting ~d replaci~lg of curbs -0ogether vith necess~Y mppurtenances thereto; ~d %5~RF~S, there has heretofore been issued pursuant to Ordin~cc 48-70 passed on j~i 20, 1970 ~ note to pay the costs of said improvements; ~d ~ S there is now available moneys to reduce 'said note in princ p~ ~ount to $9,230 ~d ~EREAS, this Co~cil by two-thirds vote of the members elected th~ to dete~ines that this ordin~ce is ~ emergency measure x~hich is necessa~ the i~mediate issu~nce ~d s~e of the notes herein authorized to enable the City to preserve its credit by renewing the portion of the outnt~ding note which c~ not be retired at mat~ity; NOW, T}~REFORE, BE IT O~AINED by the City of L~ewood, ~y~oga cowry, Ohio: Section 1. That it is hereby declared necessary to issue bonds the City of Lakewood in the princip~ ~ount of $9,230 for the purpose of paying the prope~y .o~er's portion, in ~ticipation of the collection of special assessment,s, of the cost of improving Bonnie View Avenue, Dowd Stre Edwa~ds Avenue, Mcgee Street, M~lowe Avenue, Qusf.l Street, Ran~ona Avenue, ~d Su~it Avenue by the necess~Y gTading of the base, resurfacing with asDha!tic concrete, replacing ~d resetting of curbs together with the nece appurtenances thereto, between the te~.ini ['~d in the manner provided in Ordinance Nos. 28-69 to 36-69 inclusive, pa~.sed M~~ 5, 1969. . ' .~ ~ · bonds sh~! be dated approximately J~Y 1, Section 2. That ~azd ........ ~ ~e s~x Der ccntum (6~5) per . sh~l bear interest at the c~a~-vcu.~_~__2 ~ ~aid- ~d shall ~n~m. oaMab!e semi-~nua~, ~u~u~ . f~ ~l _~ .... +heir issuance. mature in five SUDS~Di~x~J =qu~ -