62-074 Resolution - Laserfiche WebLink

Home Browse Search

Resolution No. 62 Page 2 profiles and estimates, and of printing, serving and publishing notices, resolutions and ordinances, the amount of damages re- sulting from the improvement assessed in favor of any owner of land affected by the improvement and the interest thereon, the costs incurred in connection with the preparation, levy and collection of the special assessments, the cost of purchasing, appropriating and otherwise acquiring therefor any required real estate or interests therein, expenses of legal services including obtaining an approving legal opinion, cost of labor and material, and interest on bonds and notes issued in anticipation of the levy and collection of the special assessments, together with all other necessary expenditures. Section 6: That the Consulting Engineers of this City be and they are hereby authorized and directed to prepare and file in the office of the Clerk of Council the estimated assessments of the cost of the improvement described in this resolution. Such estimated assessments shall be based upon the estimate of cost of said improve- ment now on file in the office of the Clerk of Council and shall be prepared pursuant to the provisions of this resolution. Then such estimated assessments have been so filed, said Clerk 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 Section 727.13 of the Revised Code. Section 7: That the assessments to be levied shall be paid in twenty E20) annual installments, with interest on deferred pay- ments 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 8: That bonds of the City shall be issued in anticipa- tion of the collection of assessments by installments and in an amount equal thereto and notes of said City shall be issued in anticipation of the issuance of such bonds and the levy of such assessments. Section 9s This resolution is hereby declared to be an emergency measure 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 protect the health of the abutting owners and the inhabitants of the City. Section 10: WHEREFORE, this Resolution shall be in full force and effect from and immediately after its passage and approval, otherwise,-yat the earliest period allowed by law. PASSED: ' ~la~-~y ~~~ ~ ATTE , Louise Hall, Clerk o Council APPROVED: ~,, Paul J, areau, Mayor ~. i~i'l Bruce cDonald, res~.dent of Council ~h4~ %z