61-074 Resolution - Laserfiche WebLink

Home Browse Search

CITY OF I~RTH OLMSTED RESOLUTION N0. 61- ~~ ~~ ~~ RESOLUTION AUTHORIZING THE RELEASE OF SIDEWALE BOND FEE FOSTE'I3 BY NORTH OL1+~STED ESTATE`S IN THE PRINCIPLE PEI+TAL SUM OF ~.:OOO.OO~ AND DECLARING AN ENCY WHL~REAS, the Director of Public Service and the City &~gineer have heretofore reported to Council. that the uncompleted sidewalks required to be constructed by N®rth Olaeated Eetatta in its subdivision ha~re been comrtru~sted and completed in confo~naity with the plans and specifications of the developer and in accordance with the ordinances of this City, and that THEREFORE, the bond posted b9 the developer should be released NOW, THER~EFOF~, BE Ifi RESOLVED by the Council of the City of North Olmsted, State of Ohio: Section l: Gouncil hereby authorises and directs that the penal Mond heretofore posted by North Olmsted Estates for the completion of public sidewalks in its subdivision, which bond is identified as in the principle sromt of X1,000.00 with the Aetna Casualty and Securities Company, No. 2 S 67537, bs released, as the developer has satisfactorily completed the construction of the required public sidewalks in accordance with the developer's plans and specifications and in accordance with the ordinances of this City. Section 2: Wherefore, this resolution is hereby deter~irytd to be an emergency measure necessary for the preservation of the public w~slfare of the City and such emergency exists by virtue of releasing the penal pravsioae of the bond referred to in Section 1 hereof as the developer has cc~plied with the ordinances of this City and with the plena and specifications heretofore approved by Council at the time the improvement plans for the North Olmsted Estates Subdivisio: were approved. Section 3: Wherefore, this resolution shall take i+as~ediate effect from and after its passage, otherwise, at the earliest period alloxed bg lax. r PASSED s ~',- / ~ l A aye , er o ounc ruse v , e e o Duna APPROVED: APR 2 0 196'.