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2953 Ordinance
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2953 Ordinance
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2/3/2014 10:10:37 AM
Creation date
1/24/2014 4:28:14 AM
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North Olmsted Legislation
Legislation Number
2953
Legislation Date
12/7/1959
Year
1959
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CITY OF iTORTH OLPISr1.'ED <br />ORDDtAIVCr; iV0. 2953 <br />BY <br />,AN ORDINANC.w AMDING SEC?I.'ION 1.A:tVD SLCTTON 3 uii` OKuIIJANCE No. 2883, <br />rr.;NNACTED JULY 7, 1959, AND CAPTIO1Vw.D: "AN C3RATNNANCE '1'U PHUVIDE FUR <br />, THE 1&UlNG OF NOTIZ IN ?LT1'ICIPATIOTJ UF `l't1B L:E7VY OF SPF+,CIAL A,bSEbS- <br />1DWTS AND Iid AN`rICIPATiON OF °.l'tiE ZuuUING OF 33ON.uS 1N ANTICIPATTQN <br />OF 2'HE COLLECT101r UF SPECIAi:, AySESS=S F(}tt TI3E CONSr.CRUCTSuN Ui+' A <br />SEWAGi; CCILLEC2'I:ON 6YSTtiM .AND SEWAGE TIiEAi.fiWT PLANT Y`C1x TtiE CITY <br />OF N'ORTH QLMSTED ? AND D.?;t; LAI'?ING Alu ?F?vIE:RU?] CY . <br />NQW, `1'HEREF1tRE, BE IT ORDAIlVET by tne Council of the uity of North UlmsTed, <br />State of Ohio: <br />Section l: 1'nat Section 1 of Urdinanee ."to. 2883, enacted Juiy 7, 1959: <br />reauing as fallows: <br />"Section l: That it is hereby declared necessary to issue bonds of <br />the City of INTarth Olmsted in the principal sum of $205,700.00 for <br />the purpose of raising money in anticipation of the collection af <br />special s,ssessments for the iraprovement of said city by the construction <br />of a sewa,ge collection system and sewa,ge treatment p1G.nt for said city." <br />be amended to read as follows: <br />Section 1: That it is hereby declared necessary to J_ssue bonds of the <br />City of North Olmsted in the principal sum of J205,700.00 for the purpose <br />of paying the cost of general and detailed plans, specifications, estimates <br />of cost, preparation of tentative assessments and the cost oi financin.g <br />and legal services incident to the preparation of such plans and o= a <br />plan of financing for construction of a system of sewerage and sewage <br />treatment plant for the City of I3orth Olzasted in the nianner provided in <br />Ordinance No. 2613, passed December jU, 1957, w'nich bonds shall be issu.ed <br />in anticipation of the collection of the prelimi.nary assessi:_ent i'or such <br />purpose heretofore levied. <br />Section 2: That Section 3 of qrdinance ito. 2883, enacted July 7, 15159, <br />reading as follows: <br />"Section 3: 1"nat for the purpose of raisin.g money in anticipation of the <br />levy of special assessments and in antici-oation o? thE; issuance of bonds in <br />anticipation of the collection of special assessments for the construction <br />of tne above sewage plant and sewa,ge collection system, i.n a,ccordance tirith <br />the legislation heretofore passed by the City Council with respect thereto <br />to pay the propcrty ot,rnerst sha.re of the cost and expense of said resDective <br />improvement, it is he-reb;y declared necessary to issue and there sha11 be <br />issued noi;e or notes of the City of iTorth Olmsted in the sum of $205,700.00, <br />the proceeds of which shall be used to retire the outstan.ding note as <br />above recited." <br />be amended to read as follows: <br />Section 3: That for the purpose of raising money i.n anticipation oi the <br />levy of special assessments and of -t;he issuance of the aforesaid bands <br />ior the above described purpose, it is hereby declared necessary to issue <br />and there shall be issued notes of said city in the N;gregate amount of <br />$2a5,7oo.oc <br />.. . .. ..... _. .,.,.?x t«;?? :?_ ?+_.??sa?u??st. ??,,,?.h.?., ... _ . , . . .. .. _ ..... . ..... ... .? ?>x.:? s. , ., . .. . . . ._ . ..
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