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61-078 Resolution
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61-078 Resolution
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Last modified
2/7/2014 10:08:24 AM
Creation date
2/4/2014 5:20:59 AM
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North Olmsted Legislation
Legislation Number
61-078
Legislation Date
5/4/1961
Year
1961
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v <br /> <br />t <br />? <br />Tbat the coet of such improvemeut ehall iaclude the coet of legtil, aerviccs and of <br />obteining an epproving opinion, the expense of preliminary and other surveya, and of <br />printiag aad publishing the notices, reaolutions and ordinances required, the serving of <br />eaid aotices, nnd thc costs of conetruction, togethcr with intorest on notes aud bonds <br />issued in anticipation of the col].ection of defersrd aesessoente and other necesaeuy <br />cxpcaditures. <br />Sectioa 5. T'hat the aesesemente ao to bc levied aball be paid in twenty annual <br />installments, vith intcrest on defcrrod pqymertts nt the snme rste aa ohall be borne <br />by the bonde to Ue iasued in nnticipation of the collection thereof; provided that <br />the omer of ewl propcrty au3eeaed mey, at hiQ option, pay such asaessment in caah <br />vithin thirty deys ufter paeaagc of thc saaeaaing orciinaace. <br />Pass8a 1961 <br />, <br />Approred 1961 <br />8cetion 6. That bonds of the City ahsll be isaued in anticipation of the collection <br />of easessmente by inutallmcnts and in an amount equal thereto and notcs of said City <br />shall bc iuaucd in anticipation of the issue o!' such boada and the lcvy of such aaceosracntL. <br />8ection 7. That thc zrmainder of thc cout of aeid improvement, after allocation of' <br />other City funde svailable therefor, and af"ter applicstion of the asaessmenta hcrcin <br />provided, together Nith coat of any real eotate or irrtercut thcrein purchaaed or <br />appropriated, the cocta and cxpcnnca of aUp? appropriatlon proceeding thcrefor, aad <br />d8megec ownrded atW awncr oS adjoining lands srith intcrcat thcreott, togcther wl.th the <br />costn and expensea of any ouch award, ahall bc paid by the isauance of bonds in thc <br />msnner provided by laW. <br />Section 8. Tliis reriolution ia hereby dec1.arEd to be an emergency meaaure nccessary <br />for thc i'se8iste prcaervation of the public peace, health snd safety oY sAid City, and <br />!or the turt6er reaaon that the immc:diatc conatruction of aaid improvcuerrt is neccccury <br />to protect the hculth of thc inhabitanta of the City; vherefore, this reaolution ohull <br />be in full force and cffcct from and ieQ?ediately nltcr ita pascagc oad appravsl. <br />r <br />??,~ (? . , ?• ? ? ?` j? `1 \ ` r f; <br />? <br />Attcat <br />R <br /> <br /> <br />40 <br />3 <br />?w•, <br />,, t r <br />•'t' .?,- , . "?j ' <br />J <br />
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