70-139 Resolution - Laserfiche WebLink

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L a ~ K 70-39 - 2 - therein, expenses of legal services including obtaining an approving legal. opinion, cost of labor and material and interest on beds snd notes issued in anticipation of the levy and collectic~a of the special assessments together xith all other necessary expenditures. `' ~ Section 6. That the City Engineer is hereby authorized and directed to prepare and file in the office of the Clerk of this Council the estimated assess- ments of the cost of the imprav~ent described in this resolution. Such es- timated assessments shall be based upon the esti~,te of cost of said improvement now oar file in the office of the Clerk of this Council and shall be prepe-xred pursuant to the providicaa3a of this reaaolution. i~en such estimated assessments have been so filed, said Clerk ahal.l cause notice of the adoption of this resolu- tion and the filing of said est3aarated assessments to be served on the owners of all lots and lands to be assessed as provided in Revised Code Section 727.13. Section 7. That the assessments to be levied sha11 be paid in five annual. installments, xith interest can deferred payments at the same rate as shall be borne by the bnds to be issued in anticipation of the collection thereof; pro- vided, that the owner of any property assessed may, at his pption, psy such assessment in cash within thirty days after passage of the assessing ordinance. Section 8. That bonds of the City shall be issued in anticipation of the collection of assessments by installments and in an amount equal thereto aril notes of said City shall be issued in anticipation of the issuance of such bands and the levy of such assessments. Section 9. That the remaining cost of said improvement, after application of the assessments herein provided, shall. be paid by the issuance of bonds in the manner provided by lax or from other funds available for this purpose. Section 10. This resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health and. safety of said City and for the P~u*hher reason that the immediate construction 'of said sidewalks is necessary to elimihate existing hazards to pedestrian, traffic using said streets, wherefore, this ree+~lution shall be in full force and effect from and immediately after its passage and apprcnral by the l~yor. PASSED: AT'P~ST: APPROVED: _ _ .... 7~ _._._._ s awn, syor .. ure~r~ixn,~~arc<,