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52 <br />n, 1 <br />Ordinance No. 871 <br />By Mr. Belzer <br />Seconded by rlr. Sloan <br />AIV FMERGENCY ORDZNANCE TO PROVIDE FOR THE ISSUB OF <br />SPECIAL ASSESSMENT BONDS IN ANTICIEATION OF THE _ <br />COI.I,ECTION OF SPECIAL_ ASSESSMENTS.FOR.THE IMPROVFMENT <br />OF LANDER ROAD BY TNE CONSTRUCTION_OF A SANITARY SSWER <br />T•TlTH CURB CONNECTIONS AND EIPPURTENANCES <br /> <br />WHEREAS, this Council has requested the Clerk to issue his certificate <br />as to the estimated life of the improvement hereinafter described, the cost <br />of same to be discharged from the proceeds of bonds hereinafter referred to, <br />and as to the maximum maturity of such bonds, the Clerk has certified to <br />this Council such estimated life of said improvement as exceeding 5 years <br />and has further certi£ied the maximum maturity of said bonds as 20 years; and <br />WHEREAS, a note of this Village in the amount of $30,250.00 has beett <br />issued and sold in anticipation of the issuance of bonds.hereinafter referred <br />to, in connection with the improvement hereinafter described, and such ttote <br />is about to become due and payable; and <br />WkIEREAS, in pursuance to Ordinance No. 867, passed November 16, 1964, <br />levying special assessments in the sum of $29,912.31 to provide a fund for <br />the payment of principal and interest of said bonds to be issued in antici- <br />pation of the collection of special assessments for the improvement of <br />I,ander Road between the termini and itt the manner specified in Resolution <br />No, 566 adopted July 15, 1963, by the construction of a sanitary sewer <br />with curb connections and appurtenances, and to cover the cost oE said <br />improvement, the Clerk oE the Village of Mayfield has certified that special <br />assessments in the aggregate amount of $2851.52 have been paid in cash <br />during the period provided by lawr for said iunprovement. <br />NOl7 THEREFORE BE IT ORDAiNED BY THE COUNCIL OF THE VILLAGE OF MAYFILT.D, <br />CUYqHOGA COUNTY OHIO#.THAT: . _ . , - -- - _ - -- <br />Sec. 1. To provide. a fund for the payment of the cost and expense in <br />anticipation of the collection of special assessments herein levied for the <br />construction of a sanitary sewer, with curb connections therefor and the <br />necessary appurtenances, in Lander Road in the Village of biayfield, Ohio, <br />between the termini and in the manner specified in Resolution No. 566, <br />adopted July 15, 1963, and in accordance with Ordinance No. 8679 passed <br />November.16, 1964t it is necessary to issue and sell special assessment bonds <br />of the Village oE hiayfield, Ohio, in the sum of $27,000.00, which amount <br />includes an amount estimated to be sufEicient to.pay the interest on said <br />bonds until the first collection of the assessments anticipated by these <br />bonds is received. Said improvement is made in conjunction with the Village <br />of Highland Heights.