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69-014 Resolution
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69-014 Resolution
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1/11/2014 11:36:55 AM
Creation date
12/26/2013 10:25:21 AM
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North Olmsted Legislation
Legislation Number
69-014
Legislation Date
2/4/1969
Year
1969
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• ? a?s ^?„, <br />?- ? <br />The cost of said unprovement shall include the cost of preliminary <br />and other surveys, plans, specifications, profiles and estimates and of print- <br />ing, serving and publishing notices, resolutions and ordinances, the amount af <br />damages resulting froan the iraprovement assessed in favor of any owner of land <br />affected by the improvement and the interest thereon, the costs incurred in <br />connection with the preparation, levy and collection of the special assessments, <br />the cost of purchasing, appropriat3ng, and otherwise acquiring therefor any <br />required real estate or interests therein, expenses of legal services includ- <br />ing obtaining an approving 1ega1 opinion, cost of labor and material and inter- <br />est on bonds and notes issued in anticipation of the levy and collection of <br />the special assessments together with all other necessary expenditures. <br />Section 6. That Floyd G. Brawne and Associates, Ltd., Consulting <br />Engineers to this City, be and they are hereby authorized and directed to pre- <br />pare and file in the office of the Clerk of this Council the estimated assess- <br />ments of the cost of the i.mprovement described in this resolution. Such <br />estimat4d assessments shall be based upon the estimate oP cost of said improve- <br />ment naw on fi1.e in thb:office of the Clerk of this Council and shall. be pre- <br />pared pursuant to the provisions of this resolution. When such estimated as- <br />sessments have been so filed, said Clerk shall cause notice of the adoption of <br />this resolution and the filing of said estimated assessments to be served on <br />the owners of all lots and lands to be assessed as provided in Revised Code <br />Section 727.13. <br />Section 7. That the assessments to be levied sha11 be paid in 20 <br />annual installments, with interest on deferred payments at the same rate as <br />shall be borne by the bonds to be issued in anticipation of the collection <br />thereof; provided, that the owner of any property assessed may, at his option, <br />pay such assessment in cash within thirty days after passage of the assessing <br />ordinance. <br />Section 8. That bonds of the City shall be issued in anticipation <br />of the collection of assessments by instal.].ments and in an amount equal there- <br />to and notes of said City shall be issued in anticipation of the issuance of <br />such bonds and the levy of such assessments. <br />Section 9. That the remaining cost of said improvement, after ap- <br />plication of the assessments herein provided, shall be paid by the issuance <br />of bonds in the manner provided by law or fram other funds available for this <br />purpose. <br />Section 10. This resolution is hereby declared to be an emergency <br />measure necessary for the iimnediate preservation of the public peace, health <br />and safety of said City and for the further reason that the innnediate con- <br />struction of said improvement is necessary to protect the health of the abut- <br />ting awners and the inhabitants of the City; wherefore, this resolution shall <br />be in full force and ef'fect fran and immediately after its passage and <br />approval by the Niayor. . <br />PASSED: <br />ATTEST : cAJ <br />orence o, er o Council <br />APPRCNED: <br />? • <br />Ralph . Christman, Mayor <br />C_? -a ? <br />Francis J. 0`Ne , resident of Council <br />f ?F,67 <br />Ro -s 7 Leof 0716 14 9
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