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RESOLUTION NO. 3864 BY: Messrs. Fahrenbach, Gaydos, <br /> Oottermeyer, Lawther, <br /> Ward. <br /> <br /> A RESOLUTION declaring it necessary and conducive to thepublic <br />health, convenience and welfare to improve Atkins Ave. from MadiSon <br />Ave. to Lakewood Heights Blvd, by resurfacing same with asphaltiC <br />concrete and doing any and all grading, draining and curbing or other <br />work necessary thereto. <br /> <br /> BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE <br />OF OHIO: <br /> <br /> Section 1. That it is deemed and declared necessary to improve <br />Atkins Ave. from Madison Ave. to Lakewood Neights Blvd. by resurfacing <br />same with asphaltic concrete and doing anF and all grading, draining <br />and curbing or other work necessary thereto. <br /> <br /> Section 2. That the plans, specifications, estimates and pro- <br />files for said improvement heretofore prep~,_r_ed bY the Engineer on file <br />in the office of the Department of PUblic ~orks, be and the same are <br />hereby approved. <br /> <br /> Section 3. That the entire cost and expense of said improvement <br />{less 50% of the cost) Shall be levied and assessed in proportion to <br />the benefits which will result from said improvement upon the lots and <br />lands bounding and abutting said improvement which said lots andlands <br />are hereby determined to be specially benefitted by said improvement <br />and the cost and expense of the improvement shall include the expense <br />of preliminary and other surveys, printing and publishing notices, <br />resolutions and ordinances required, the serving of notices'and the <br />cost of constrUction, together with the interest on bonds that shall <br />be issued in anticipation of the collection of deferred payments of <br />assessments and other necessary and incidental expense. <br /> <br /> Section 4. That the assessment so to be levied shall bepayable <br />in five annual installments, with interest on deferred payments at the <br />rate of three per centum per annum, payable semi-annually, provided, <br />however, that the owners of any of said lots or parcels of land so <br />assessed may, at their option, pay such assessment within thirty (30) <br /> the <br />days after the passage of assessing ordinance in this proceeding, <br />and such cash payment of assessments shall not include any items of <br />interest on bonds to be issued in anticipation of the collection of <br />deferred installments of assessments. <br /> <br /> Section 5. That bonds of the City of Lakewood shall be issued <br />in anticipation of the collection of said assessments in an amount <br />equal thereto. <br /> <br /> Section 6. That the remainder of the entire cost and expense <br />of said improvement not specially assessed, including damages awarded <br />to any o~mer of adjoining lands or interest therein shall be paid out <br />of Gasoline Tax, Motor Vehicle License Tax or other funds of the City <br />of Lakewood. <br /> <br /> Section 7. That this resolution shall take effect and be in <br />force upon its passage and approval by the ~yor and at the earliest <br />period allowed by law. <br /> <br />Adopted: <br /> <br />Thomas..~. Ward <br /> President <br /> <br />Approved: May 7. 19~8 <br /> <br />_ H.,,A.,,,Rees <br /> Clerk <br /> <br />Frank P. Celeste <br /> 'Mayor <br /> <br /> <br />