68-142 Resolution - Laserfiche WebLink

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r • r . r - 3 - ment and the interest thereon, the costs incurred in connection with the prepara- tion, levy and collection of the special assessments, the cost of purcha.sing, appropriating, and otherwise acquiring therefor any required real estate or interests therein, expenses of legal services including obtaining an approving legal opinion, cost of labor and material and interest on bonds a.n.d notes issued in anticipation of the levy and collection of the special assessments together with all other neces- sary expenditures. Section 6. That Floyd G. Browne and Associates, Ltd., Consulting Engineers to this City, be and they are hereby authorized and directed to prepare and file in the office of the Clerk of this Council the estima.ted assessments of the cost of the improvement described in this resolution. Such estimated assessments shall be based upon the estimate of cost of said improvement now on file in the office of the Clerk of this Council and shall be prepared pursua.nt to the provisions of this resolution. When such estimated assessments have been so filed, said Clerk shall cause notice of the adoption of this resolution and the filing of said estimated assessments to be served on the owners of al1 lots and lands to be assessed as provided in Revised Cod.e Section 727.13. Section 7. That the assessments to be levied sha,ll be paid in 20 annual installments, with interest on deferred payments at the same ra.te as shall be borne by the bonds to be issued in anticipation of the collection thereof; pro- vided, that the owner of any property assessed may, at his option, pay such assess- ment 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 and notes of said City shall be issued in anticipation of the issuance of such bonds and the levy of such assessments. Section 9. That the remaining cost of said improvement, after application of the assessments herein provided, shall be pa.id by the issuance of bonds in the manner provided by law 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 further reason that the immediate construction of said improvement is necessary -to proteet the health of the abutting owners and the inhabitants of the City; wherefore, this resolution shall be in full force and effect from and immediately after its passage and approval by the Mayor. -_ A Francis J. 0'Ne' 1 President of Council _?6 5-fr'j 91 (c I lo g t&s t- _ *u?. PASSED: , ? ?/???