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? <br />?? . <br />CITY OF NORTH OLMSTED RESOLUTION NO. 67-18 PAGE 2 <br />Section 7: That the Engineer of this City be and he is hereby <br />authorized and directed to prepare and file in the office of the Clerk of <br />this Council the estimated assessments of the cost of the improvement <br />described in this resolution. Such estimated assessments shall be based <br />upon the estimate of cost of said improvement now on file in the office <br />of the Clerk of this Council and shall be prepared pursuant to the provisions <br />of this resolution. When such estimated assessments have been so filed, <br />said Clerk shall cause notice of the adoption of this resolution and the <br />filing of said estimated assessments to be served on the owners of all lots <br />and lands to be assessed as provided in R. C. §727.13. <br />Section 8: That the assessments to be levied shall be paid in Zp <br />annual installments, with interest on deferred payments at the same rate as <br />shall be borne by the bonds to be issued in anticipation of the collection <br />thereof; provided, that the owner of any property assessed may, at his <br />option, pay such assessment in cash within thirty days after passage of <br />the assessing ordinance. <br />Section 9: That bonds of the City shall be issued in anticipation <br />of the collection of assessments by installments and in an amount equal <br />thereto and notes of said City,shall be issued in anticipation of the issuance <br />of such bonds and the levy of such assessments. <br />• Section 10: The remainder of the entire cost of such improvement, <br />after application of the assessments herein provided, shall be paid by the <br />issuance of bonds in the manner provided by law or from other funds available <br />for this purpose. <br />Section 11: This resolution is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public peace, health, <br />safety and welfare of said City, and for the further reason that the immediate <br />construction of said improvemexit is necessary to afford fire protection and <br />protect the health and property of the abutting owners and the inhabitants <br />of the City. . WHEREFORE, this Resolution shall be in full force and effect <br />from and immediately after its passage and approval by the Mayor. <br />PASSED: I 3 lo 7 <br />ATTE ST: <br />? <br />Margare . West, Clerk of Council <br />APPROVED: <br />/ <br />0 <br />Ralph . Christman, Mayor <br />:•: <br />President of Council <br />-- <br />? ? .' <br />. <br />• y <br />