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CITY OF ' TA OLMSTED <br />RESOLUTI N0. 81-25 <br />" PAGE 2 <br />? <br />.r? <br />lots and lands bounding and abutting upon the east side of Dover Center <br />Road from Lorain Road to the northerly corporation line, which lots and <br />lands are hereby determined to be specially benefited by said improvement; <br />and the cost of said improvement shall include the cost of preliminary and <br />other surveys, plans, specifications, profiles and estimates and of printing, <br />serving and publishing notices, resolutions and ordinances, the amount of <br />damages resulting from the improvement assessed in favor of any owner of <br />land affected by the improvement and the interest thereon, the costs incurred <br />in connection with the preparation, levy and collection of the special assessments, <br />the cost of purchasing, appropriating, and otherwise acquiring therefor <br />any required real estate or interests therein, expenses of legal services <br />including obtaining an approving legal opinion, cost of labor and material, <br />and interest on bonds and notes issued in anticipation of the levy and collection <br />of the special assessments together with all other necessary expenditures. <br />SECTION 7. That the City Engineer is hereby authorized and directed <br />to prepare and file in the office of the Clerk of this Council the estimated <br />assessments of the cost of the improvement described in this resolution. <br />Such estimated assessments shall be based upon the estimate of cost of said <br />improvement now on file in the office of the Clerk of this Council and shall <br />be prepared pursuant to the provisions of this resolution. When such estimated <br />assessments have been so filed, the Clerk of this Council shall cause notice <br />of the adoption of this resolution and of the filing of said estimated assessments <br />to be served on the owners of all lots and lands to be assessed as provided <br />by law. <br />SECTION 8. That the assessments to be levied shall be paid in <br />ten annual or twenty semi-annual installments, with interest on deferred <br />payments at the same rate as shall be borne by the bonds to be issued in <br />anticipation of the collection thereof; provided that the owner of any property <br />assessed may, at his option, pay such assessment in cash within thirty days <br />after passage of the assessing ordinance. <br />SECTION 9. That bonds of the City shall be issued in anticipation <br />of the collection of assessments by installments and in an amount equal <br />thereto and notes of said City shall be issued in anticipation of the issuance <br />of such bonds and the levy of such assessments. That portion of the cost <br />of said i.mprovement which is not paid from federal, state or county funds <br />or from the special assessments shall be paid by the City from funds available <br />for that purpose or from the proceeds of bonds or bond anticipation notes <br />issued for such purpose. <br />SECTION 10. It is found and determined that all formal actions <br />of this Council concerning and relating to the adoption of this resolution <br />were adopted in an open meeting of this Council, and that all deliberations <br />of this Council and of any of its committees that resulted in such formal <br />action, were in meetings open to the public, in compliance with all legal <br />requirements including Section 121.22 of the Ohio Revised Code. <br />SECTION 11. That this resolution snali taice effect and be in foree <br />from and after the earliest neriod allowed by law. <br />-2-