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61-078 Resolution
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61-078 Resolution
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2/3/2014 10:11:45 AM
Creation date
1/27/2014 10:20:24 AM
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North Olmsted Legislation
Legislation Number
61-078
Legislation Date
5/3/1961
Year
1961
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That the cost of such impratirement shall include the cost of 1ega1 services and of <br />obtaining an approving opinion, the expense of pre].3.minaxy and other surveys, and of <br />printing and publishing the notices, resolutions. and ordinates required, the serving of <br />said notices, .and the costs of constructions, together with interest on notes anti bonds <br />issued in anticipation of the collection of deferred assessmnts and other necessary <br />expenditures. <br />Section 5. That the assessments so to be levied sha11 be paid in twenty annual <br />installments, with interest on deferred payments at the same rate as shall be borne <br />by the bonds to be issued in anticipation of the collection thereof; provided that <br />the owner of any Property assessed may, at his option, pay such assessment in cash <br />within thirty gays after passage of the assessing ordinance. <br />Section 6. That bonds of the City shall be issued in anticipation of the collection <br />of assessments by instal.7..ments and in an amount equal thereto and notes of said City <br />shall be issued in aa~ticipation of the issue of such bonds and the levy of such assessments <br />Section 7. That the remainder of the cost of said improvement, after allocation of <br />other City funds e~vailable the , r, and after application of the asseo~smrex3ts herein <br />provided, together with cost of ~' real estate or interest therein pt~ed or <br />appropriated, the costs and expenses of any appropriation proceeding therefor, and <br />damages awarded az~y owner of ad,~oining lands with interest them, together with the <br />costs and s of any such award, steal]. be paid by the issuance of bonds in the <br />manner provided by law. <br />Section 8. This resolution is hereby declared to be an emergency measure necessary <br />for the immediate preservation of the public peace, health and safety o~ City, and <br />for the further reason that the im~rediate construction of said j.mpx+ovement is necessary <br />to protect the health of the inhabitants of the City; wherefore, this resolution shall <br />be in full force and effect from and im~aediately after its passage and approval. <br />l ~ G <br />Passed ~7 +~' , 1861 !•` G`~ . ,_~ ..~„ ~ ~ ~ a..,,~.~. <br />si: of Cou~i ~ c~ .~ ~n <br />=,~ <br />Approved ~~ ~~L---------, 1961 Attest <br />~ ,~~ , , rk f ounci; <br />,. <br />or <br />l.F . <br />3 ~ 4 ~9~ <br />.. 2,-,e <br />
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