81-029 Resolution - Laserfiche WebLink

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CITY OF " tTH OLMSTED • RESOLUTIdm"'N0. 81-29 A1% ? SECTION 6. That the cost of constructing said driveway approaches, after deducting the amounts allocated thereto from federal, state or county funds, less at least 2% and the cost of intersections attributable to the rema.inder of such cost, shall be assessed in proportion to the benefits which may result from the improvement upon all lots and lands bounding and abutting upon Dover Center Road and Butternut Ridge Road between the aforesaid termini, which lots and lands are hereby determined to be specially benefited by said improvement; and the cost of said improvement shall include the cost of preliminary and other surveys, plans, specifications, profiles and estimates and of printing, serving and publishing notices, resolutions and ordinances, the amount of damages resulting from the improvement assessed in favor of any owner of land affected by the improvement and the interest thereon, the costs incurred in connection with the preparation, levy and collection of the special assessments, the cost of purchasing, 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 and notes issued in anticipation of the levy and collection of the special assessments together with all other necessary expenditures. SECTION 7. That the City Engineer is hereby authorized and directed to prepare and file in the office of the Clerk of this Council the estimated assessments of the cost of the improvement described in this resolution. Such estimated assessments shall be based upon the estimate of cost of said i.mprovement now on file in the office of the Clerk of this Council and shall be prepared pursuant to the provisions of this resolution. When such estimated assessments have been so filed, the Clerk of this Council shall cause notice of the adoption of this resolution and of the filing of said estimated assessments to be served on the owners of all lots and lands to be assessed as provided by law. SECTION 8. That the assessments to be levied shall be paid in ten annual or twenty semi-annual installments, with interest on deferred payments at the same rate as shall be borne by the bonds to be issued in anticipation of the collection thereof; provided that the owner of any property assessed may, at his option, pay such assessment in cash within thirty days after passage of the assessing ordinance. SECTION 9. 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. That portion of the cost of said i.mprovement which is not paid from federal, state or county funds or from the special assessments shall be paid by the City from funds available for that purpose or from the proceeds of bonds or bond anticipation notes issued for such purpose. SECTION 10. It is found and determined that all formal actions of this Council concerning and relating to the adoption of this resolution were adopted in an open meeting of this Council, and that all deliberations of this Council and of any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements including Section 121.22 of the Ohio Revised Code. -2-