74-052 Resolution - Laserfiche WebLink

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~,,/ ~ s-i.-~ _. - 2 - Ralph E. Christman, Mayor Second eading: 5-8-74 q~,~- ~~ ~~~~ %~ ~~ ~ ~~ ~ ~~~ When such estimated assessments have been so filed, said Clerk of Council shall cause notice of the adoption of this resolution and the filing of said estimated assessments to be served on the owners of all lots and lands to be assessed as provided in R. C. § 727.13. Section 8. That the assessments to be levied shall be paid in forty 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 there- to and notes of said City shall be issued in anticipation of the issuance of such bonds and the levy of such assessments. Section 10. That the remaining cost of said improvement shall be paid from the proceeds of bonds and notes issued in anticipation thereof. Section 11. This resolution is hereby declared to be an emergency mea- sure 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 eliminate existing hazards to pedestrian and vehicular traffic; wherefore, this resolution shall be in full force and effect from and immediately after its passage and approval by the Mayor. PASSED: ATTEST: Nora T. Hill, Clerk of Council Francis J. O'Neill, President of Council APPROVED;