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RESOLUTION NO. 98- 17 PAGE 3 <br />Section 8: The Village presently intends to issue securities in anticipation of the levy <br />of the special assessments. The Village presently intends to issue securities in anticipation of the <br />collection of the special assessments in annual installments and in an amount equal to the total of <br />the unpaid special assessments. The remainder of the entire cost of the improvement, after <br />application of the grant funds and the special assessments, shall be paid by the issuance of bonds <br />in the manner provided by law or from other funds available for that purpose. <br />Section 9: This Council fmds and determines that all formal actions of this Council <br />and any of its committees concerning and relating to the adoption of this resolution were adopted <br />in an open meeting of this Council or any of its committees and that all deliberations of this <br />Council and of any of its committees that resulted in those formal actions were in meetings open to <br />the public, all in compliance with the law. <br />Section 10: This resolution, providing for an improvement petitioned for by the owner <br />of a majority of the front footage of the property benefited and to be specially assessed therefor, <br />shall, pursuant to Section 11 of Article III of the Village Charter, take effect and be in full force <br />and effect unmediately upon its passage and approval by the Mayor. <br />arlc Fixler, Pr ent of Council <br />First reading: November 9 <br />Second reading: Suspended <br />Third reading: Suspended <br />ADOPTEI <br />APPROVE <br />APPROVI <br />ATTEST: <br />