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1955 521 Ordinance
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1955 521 Ordinance
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Last modified
11/19/2018 3:51:52 PM
Creation date
8/6/2018 9:28:24 AM
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Legislation-Meeting Minutes
Document Type
Ordinance
Number
521
Date
9/1/1955
Year
1955
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exempted to the extent of said Southerly 100 feet from the assessment for <br />the cost of improving SOLI Center Road, for the reason that said parcel of <br />property is being assessed for a similar water main. improvement constructed <br />on Highland Road, and it would be mequi:~ab'].e to assess the full frontage <br />of said property for the SOM Center Road improvement; that the cost of said <br />improvement shall include the expense of the prel.imi.nary and other surveys <br />and of printing and publishing the notices, resolutions and ordinances <br />required, and the serving of said notices, and the cost of construction, <br />together with interest on notes and bonds issued in anticipation of the <br />collection of deferred assessments, and all other necessary expenditures. <br />Sec. 1~. That the assessments so to be levied shall be paid in ten (10) <br />annual installments, with interest on deferred payments, at the same rate~as. <br />shall be borne by the bonds to be issued in anticipation of the collections <br />thereof; provided, that the oVmer of any property assessed may, at his option, <br />pay such assessment in cash within thirty days (3fl) from and after the passage <br />and legal publication of the assessing ordinance. - <br />Sec. 5m That the bonds of the Village of Mayfield shall be issued in <br />anticipa ion.of,the collection of assessments by installments and in an amount <br />equal thereto and notes of said Village of Mayfield shall be issued in <br />anticipation of the levying of such assessments and the issuance of bonds. <br />Sec. 6, That the remainder of the entire cost of said improvement, 1~0~ <br />not specie .assessed, shall be paid by the Village of Mayfield by the issuance <br />of bonds i.n the manner provided by law and notes of said. Village of Mayfield <br />shall be issued in anticipation of the issuance of such bonds. <br />Seo. 7~ That ,the Clerk and Mayor of Mayfield Village be and they are <br />hereby authorized and directed, as soon as funds therefore are available, to <br />make and execute a contract for said improvement with the lowest and best <br />bidder, after advertisement according to law. <br />Sec. 8. That this ordinance sha7.l take effect as an emergency measure <br />for the: reason that funds are required for the immecliate construction of said <br />improvement for the convenience, necessity and welfare of the citizens of <br />Mayfield Village and shall take effect and be in fu11. f®rce from and after <br />its passage as an emergency measure⢠<br />Passed this fi:~'st day of September, 1955. <br />Attest: <br />SEAL ~le _..- <br />Approved <br />layor o resident o ouncil <br />
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