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CITY OF NORTH OLMSTED -2- RESOLUTION N0. 69-177 Section 2. It is hereby determined and declared that said improvement is conducive to the public health, convenience and welfare of said City and the inhabitants thereof. Council further finds and determines that said streets and easements, or parts thereof, to be improved are so situated in relation to each other that in order to complete the improvement thereof in the most practical and economical manner, they shall be improved at the same time, with the same kind of materials and in the same manner, this determination being made pursuant to Revised Code Section 727.09. .. Section 3. That the grade of said streets, easements and improvement shall be the grade as shown bv the plans and profiles which have been prepared by the City's Consulting Engineers and which are made a part hereof. Section 4. That the plans, specifications, estimates and profiles of the ? proposed improvement, heretofore prepared by the City's Consulting Engineers and now on file in the office of the Clerk of this Council, are hereby approved. Section 5. That the cost of providing local sanitary sewer service by means of the sewers described in paragraphs (a) to (n), inclusive, of Section 1 of this ? resolution, including the cost of constructing local 8-inch sewers and the cost (as determined by the City's Consulting Engineers) of installing 8-inch sewers in trunk sewer locations in those cases where the trunk sewer to be constructed will provide such local service and also including the cost of necessary street resur- facing and restoration of drainage facilities, less 2% thereof and the cost of intersections, or $358,687, ° whichever is lesser, shall be assessed in proportion to the benefits which may resuit therefrom upon all lots and lands bounding and abutting upon the proposed improvement between the termini set forth in paragraphs (a) to (n), inclusive, of section 1 of this Resolution, which said lots and lands are hereby..determined to be specially benefited by said improvement. The cost of said improvement shall include the cost of preliminary and other surveys, plans, specifications, profiles and estimates and of printing, serving and publishing notices, resolutions and ordinances, the amount of damages result- ing 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 Floyd G. Browne and Associates, Ltd., Consulting Engineers to this City, be and they are hereby authorized and directed to prepare and file in the office of the Clerk of this 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 improvement now on file in the office of the Clerk of this Council and shall be prepared pursuant to the provisions of this Resolution. When 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 Revised Code Section 727.13. Section 7. That the assessments to be levied shall be paid in 20 annual in- stallments, 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 progerty 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 anticipation 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.