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Q) <br />? <br />? <br />e <br />dL <br />? <br />Cf? <br />? <br />? <br />d <br />? <br />d <br />? <br />t!? <br />? <br />? <br />C? , <br />e <br />(L <br />? <br />? <br />? <br />d <br />? <br />? <br />d <br />? <br />ORDINAiVCE Noo 666 ' <br />By Nire Zorn <br />AIV •ORDINANCE TO PtZOV.LDE FOR THE TSSUE OF N'0TES IN <br />$NTICIPAfiTON QF 2'HE 7:,EVY _ OF SPECIAL ASSESSIKENTS.A1M <br />IN,AtTTTCIPA,'1'ION OF THE ISSUAsNCE OF_ BONDS TN 1?1TTCIP?,TION <br />OF THE_ COLLECTION. OF. SP'ECIA'L ASSESSMEIJTS FOR TIiE IMPROVE- <br />MENT. OF SENECA. RQAD, GLENTVIEinT RQAD AATA . BONNIEV.UTnT. ROAD _ <br />WFIERE-AS9 the Couricil of the V3l1.age of Mayz"iel.d Ohio has heretofore <br />dec3.ared the necess3.ty of impx°oving Seneca Road', Gl,enwi,ew Road and Bonn? eview <br />Road by grad.ing' ditching and pava.ng wit,h asphaltic materials' in accoz°d.ance <br />with Resolutions Nos. 440, 441 and 442, a31 adapted November 17' 3958. <br />NOW THEftEFORE BE IT (7RDAINED BY THE COUNCTL OF 'IHE V,ILLAGE OF <br />MAYFTM, CU'YAHOGA. .COUNTY OHIOa <br />Sec. le That it is deemed necessary to 3.ssue bonds of the <br />Village of Niayf3e].d Ohh:i.,o in the principal sum of $34g955e00q for the <br />purpose of raasing money i.n anticipation of -the co7.lecta.on of special <br />assessments for the improvement of Seneca Road' fi°om SOM Center Road in <br />an Easter].y direc°tion to the Westerly ].ine of Beech Iii31 Roady by grading9 <br />ditch3.ng and pav$rng ifi°th asphaltic materia].s, and for fi,1ie improvement of <br />Glenvieti-Road 3.n the ViLl,age o:f "Mayfiel3 Qhio, £rom SOlui Cent,er Road in <br />an Easterly direet3,on to the WestQrly 1.i.ne of Beech H311 Road by grading' <br />clitching and paving tiTith asgiha].tie mater3,als 9 arad fqr 'the 3mprovemEnt of <br />Bonn.ieview Road iri -the ViLUge of Mayfie3d' 0hi.o' frota SOM Centex° Road <br />in an East,er7.y direetion to the Wester7,y ]ine of Beech Hil7l Road by <br />grading' ditching and pavirg with asphalti.c materials' as provided in <br />said Resolutions Nos. 4Ia.O., 441 and 442.. all adopted Iqovember 17., 1958s <br />Sec. 2. That said boxid.s sha1l be dated September ]., 1960, sha.1l <br />bear interest nmr estimted at 4% per annwn9 payable sem3.-armuallg, and <br />sha11 mature in ten (10) annual in.stal7lnnents after their issuaneee <br />Sec. 39 That fox? the pv?°pose of raisir?g mone?T in anticipa$ion <br />of the le?r of spec9.al assessmentsp and in antic3.pation of the issuance <br />of bonds i.n anticipation of t,he coZlection of speeial assessments., for <br />the impx°oeement of the abowe named stx°ee-fsby grad.:ing, ditching and paving <br />wi.th asphaltic rosteria].s, in accorelance,with the legislati,on hereto£ore <br />passed by the Vill.age Gouneil wi.-th respect there-to, to pay the property <br />otimers 4 share of the cost and expense of said improvemen°t9,it is hereby <br />dec7.ared necsssary to issue ard there sha]l be issu.ed notes of said <br />Vi11a ge in th2 8motul ?-, of $