1974 862 Resolution - Laserfiche WebLink

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RESOLUTION N0, $62 Introduced by: Council as a Whole A RESOLUTION DECLARING THE NECESSITY OF IMPROVING ECHO DRIVE BY THE INSTALLATION OF AN EIGHT-INCH WATER MAIN, HYDRANTS, AND ALL NECESSARY APPURTENANCES THERETO. BE IT RESOLVED BY THE COUNCIL OF THE VILLAGE OF MAYFIELD, COUNTY OF CUYAHOGA, STATE OF OHIO, THAT: Section 1. It is hereby determined to be necessary to improve the entire length of Echo Drive by the installation of an eight-inch water main, hydrants, and all necessary appurtenances thereto. Section 2. The plans and specifications for the improvement and the estimate of the cost for the improvement have been prepared by the Village Engineer. The plans, specifications, and estimate of cost for the improvement are placed on file in the office of the Clerk-Treasurer which are hereby approved by this Council. Section 3. It is hereby determined that a petition requesting said improvement has been regularly presented to this Council, and that said petition has been sub- scribed to by the owners of at least 75% of the area to be benefitted from such improvement. Said petition is hereby accepted by this Councile Section 4. The entire cost of said improvement shall be assessed upon the lots and lands which are hereby determined specifically benefitted by said improvements. Said assessments shall be levied by the following, to-wit: In proportion to the benefits which may result from the improvement; and shall be paid when levied, in semi-annual installments at the same rate as is carried by the bonds to be issued in anticipation of the collection thereto, pro- vided, however, that the own.er of any property assessed may, at its option, pay such assessment within 30 days after passage of the ordinance levying such assessments. Section 5. The bonds of the Village of Mayfield shall be issued in antici- pation of the collection of said assessments by installments paid in a period not longer than ten (10) years in an amount equal thereto, and'notes of said Village shall be issued in anticipation of such bonds and of the levying of such assessments. Section 6. The Village Engineer be and he hereby is authorized to prepare an estimated assessment of the cost of said improvement based on the estimate of costs heretofore filed at the office of the Clerk-Treasurer of this Village in accordance with the method of assessment set forth in this Resolution, and showing thereon the amount of the assessment against each lot and parcel of land. Said estimated assessment shall be filed in the office of the Clerk-Treasurer and shall be avail- able for public insp.ection. Section 7. Upon the filing of said estimated assessment as hereinbefore pro- vided, the Clerk-Treasurer is authorized and directed to cause notice of the passage