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RESOLUTION NO. 79- 52 <br />INTRODUCED BY: Council as a Whole <br />A RESOLUTION DECLARING THE NECESSITY <br />OF IMPROVING ECHO DRIVE BY HAVING IT <br />REPAVED AND REDITCHED AND PROVIDING <br />ALL APPURTENANCES NECESSARY THERETO, <br />AND DECLARING AN EMERGENCY. <br />BE IT RESOLVED BY THE COUNCIL OF MAYFIELD VILLAGE, OHIO, THAT: <br />Section 1. It is hereby determined to by necessary to <br />improve the entire length of Echo Drive by having it repaved <br />and reditched and providing all appurtenances necessary <br />thereto. <br />Section 2. The plans and specifications for the improve- <br />ment and the estimate of the cost for the improvement have <br />been prepared by the Village Engineer. The plans, specifi- <br />cations and estimate of cost for the improvement have been <br />placed on file in the office of the Clerk of this Council and <br />the same are hereby approved. <br />Section 3. It is hereby determined that a petition <br />requesting said improvement has been regularly presented to <br />this Council, and that said petition has been subscribed to <br />by the owners of at least Seventy-Five Percent (75%) of the <br />area to be benefitted from such improvement. Said petition is <br />hereby accepted by this Council. <br />Section 4. The entire cost of said improvement, less <br />two percent (20) thereof and the cost of intersections, shall <br />be assessed upon the lots and lands which are hereby deter- <br />mined specially benefitted by said improvements. Said <br />assessments shall be levied by the following method: in <br />proportion to the benefits which may result from the improve- <br />ment; and shall be paid, when levied, in semi-annual instal- <br />lments, with interest at the same rate as is carried by the <br />bonds to be issued in anticipation of the collection there- <br />of; provided , however, that the owner of any property <br />assessed may, at his option, pay such assessment in cash <br />within thirty (30) days a£ter passage of the ordinance <br />levying such assessments. <br />Section 5. Bonds of Mayfield Village shall be issued <br />in anticipation of the collection os said assessments by <br />installments paid in a period not longer than Ten .(10) <br />years in an amount equal thereto, and notes of said Village <br />shall be issued in anticipation of such bonds and of the <br />levying of such assessments.