1928 093 Ordinance - Laserfiche WebLink

Home Browse Search

93 OF.DINANCE NOv ? By Mr o Franz : Atd ORDINANCE TO AUTHQRIZE THE Iv5AY0R kND CLERK TO BORR91;i THE ST21 OF $39, 000.00 AND ISSiTL' NOTE IN tWTTCIPATION OF T?' LEVYING OF SPIDIAL ASSESS11EIVTS FNll OF THE ISSUAITCE OF BOiqDS I11 liP1TICIPATION OF Ti-iE COI,LCTIOTT TIiH.1=70F. WHEREAS, the Covncil of the Village of IIRayfielcl, State of Ohio, has heretofore, by proper legisla.tion, declared the necessity of im- proving the following streets by constructi¢g local sanitary sewersA,,,,.main sevrer and pumping station therein,., to-witc Beech Hill Poad from Hlson Nills Road"to tlie Cu.yahoga County4Sewerage Disposal Plant, S.OvM;a Center Road on the east side only frorn Bonn;lview Road to Wilson PI"ll.11s Road, a"lilson i,Tills Roa.d on the south side only from S.O.11. Center Road to Beech Hill Road, Seneca Road and G1enTriew Road for their entire lengths and in accordance with Ox•dinance Nos. 9Land 92, passed June 18th, 1928, has determinecl to proceed Nith said improvement and to levy a special assessment vpon all -the lots and lands bou.nding and abuttinE; upon said strests to pay for sa,id im- provement, all in conformity to law, a.nd l1HEt? ?••iS' it is deemed necessary to borro?v mor_ef in a.nticip?.° ' tion of -the levying of said special assessments and ol' the issuance oi bond_s in order to provide f?a.nds vTith vihich to finance the improvement prior to the ° levyiilg of said assessments, asid i?;?RFA.S, the Clerk has certified to this council, as provided by Section 2293-I0 of the General Code of Ohio, that the estirnated life of the impx°ovement hereinafter referred to exceeds five years a.nd that the maxi- inym maturit,y of the note hereinafter referred to is tvuo years, and 'r`dHERES'i5, the Covncil estirnates and deterrnines that the levy of special assessrnents for said improvement hereinaiter specified. vrill be rna.c].e as soon as such irnprovement is ccnpleted ar_d will be computed and certified for collection for the fiscal year 1930, and that bonds tvill be issued in antici- pation of the collection of said "ecial aseessments prior to the date oi rna- tur ity, as provi ded by 1aw; ISow, therefore, I3E IT ORDAII?Tr+'?D by the Council of the Villabe of Yiayiield. State o.f Ohio, three-fourths of all members elected thereto concurring: SFCTION 1. Tha,t for the purpose of rai sing money in anticipa-. tior. oi the lev.yi?lg of special a?ssessments ior the improvement of S.GoI,fi.Cen?ter Road on the east side only from Iionn,yviera Road to EUilson Mills Road, Vlils an lUiills Road on the south side on13T from S G MI Center to Beech Hills Road, Seneca Road ancl Glenview Road for their entire lergths b.y constructirg local sanitarJ sewers 'Uherein, and for the irnprovemenu of Beech Hi11 Road frorn Wilson liiills Road to the Cuyahogo, County Sewerage Disposal Plant by constructing main setirer e.nd pwnping station tY?erein, in anticipation of the collectioh of said assess- nents it is necessary to borrovv rnoney and issue no tes of sa.id village in the swn of Thirty-nine Thousand Dollars ($39,000,00)0 SEC`1'lON 2e That said note or notes shall be executed and deliver- ed in such manner as may be rEquested bv the persons, fifms or corporations