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RESOLUTION NO. 3870 BY: Messrs. Chockley, Fahrenbach, <br /> Fairgrieve, Gaydos, <br /> Lawther, Ward. <br /> <br /> A RESOLUTION declaring it necessary and conducive to the public <br />health, convenience and welfare to improve Hird Ave. from Williamson <br />Ave. to Lake Ave. by resurfacing same with asphaltic concrete and doing <br />any and all grading, draining and curbing or other work necessary <br />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 />Hird Ave. from Williamson Ave. to Lake Ave. by resurfacing same with <br />asphaltic concrete and doing any and all grading, draining and curbing <br />or other work necessary thereto. <br /> <br /> Section 2. That the plans, s~ecifications, estimates and pro- <br />files for said improvement heretofore prepared by the Engineer on file <br />in the office of the Department of Public Works, be and the same are <br />hereby approved. <br /> <br /> Sectiqn 3. That the entire cost and expense of said improve- <br />ment (less 50% of the cost) shall be levied and assessed in prop°r <br />tion to the benefits which will result, from said improvement upon the <br />lots and lands bounding and abutting said improvement which said lots <br />and lands are hereby determined to be specially benefitted by said <br />improvement, and the cost and expense of the improvement shall include <br />the expense of preliminary and other surveys, printing and publishing <br />notices, resolutions and ordinances required, the serving of notices <br />and the cost of construction, together with the interest on bonds <br />that shall be issued in antiCipation of the collection of deferred <br />payments of assessments and other necessary and incidental expense. <br /> <br /> Section ~. That the assessment so to be levied shall be pay- <br />able in five annual installments, with interest on deferred payments <br />at the rate of three per centum per annum, payable semi-annUally, <br />~rovided, however, that the owners of any of said lots or parcels of <br />,an~ so assessed may, at their option, Pay such assessment within . <br />(30) days after the passage of the assessing ordinance in this pro <br />ceeding, and such cash payment of assessments shall not include any <br />items of interest on bonds to be issued in anticipation of the col- <br />lection of 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 owner of adjoining lands or interest therein shall be paid out <br />of the Gasoline Tax, Motor Vehicle License Tax or other funds of the <br />City 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 ~lowed by law. <br /> <br />Adopted:. May ~, 19~8 <br /> <br />Thoma,s C. Ward <br /> presiden~' <br /> <br /> H. A. Rees <br />Approved: May 7, 19~8 '" Cler~ <br /> <br />.... Mayor <br /> <br /> <br />