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? <br />CITY OF NORTN OLALSI`BD <br />ORDINANCB No. 64 <br />By ? c?W o,??.?t. <br />AN ORDINANC,a AMRNDI NG AND RBPBALI NG qtDl NAriCB 6 a-16 49 <br />BNACTBD 0(.'TOBBR 169 1962, WHICH MAS AN ORDINANCB <br />? AUTHORIZING THB A(7CBPTANCE OF A MARRANTY DBBD FROM <br />THB SOtTrHMBSTBRN SAVINGS AND LOAN COMpAN7f AOR CBRTAIN <br />LAND IN CONNECTION WITH THB Vrt!$NING OF MHITBTHOtN <br />AVBNUB, AND DBCLARING AN SMBRGBNCY. <br />MIHERBAS, Ordinwce 62-164, enacted on October <br />16, 1962, suthorized the acceptance of a Marranty deed from <br />The SouthMestern saviags and Loan Company covering certtin <br />land abutting on lrhit*thorn Avenue in the City of Nortb <br />Olested Mhicri is esaential to the proposed Midening of the <br />right-of-May of aaid street and the installation of sidewslks <br />therein; and <br />WHBREAS, negotiations Mith The Southr+eatern <br />Savinga and Lotn Company indicated that a warranty deed would <br />? be furnished bnt on tersa aomewhat different than contained3n <br />Ordinance 62-164; and <br />WHBRFAS, said Msrranty deed has aaw been tendered <br />and it is neceasary that Ordinance 62-164 be smended so as to <br />expresa the intention of the parties. <br />NOiM, THERBPORE, 8E IT ORAAINBD by thd Council of <br />the City of North Olmsted, State of Ohio: <br />? Stction ls That Section 2 of Ordinance 62-164, enacted <br />October 16, 19629 nor+ reading as f ollava s <br />"Section 1s That the C;ty of North Olmsted <br />assumes <br />(a) Tht cost of the titie guarantee. <br />(b) The cost of revenue at unps on the deed. <br />(c) Taxes, geaeral snd apecial, for the year <br />1963. <br />(d) The entire cost of inatailing sider+alks over <br />atid isad." <br />• be and the aame is hereby asendtd to read as f olio+s s <br />"Section 2: That the Citq of North Olmated <br />assume s <br />(a) The coat of the titie gaarantee. <br />? (b) Tbe cost of rennue stwps on tbe deed. <br />(c) Tuea, s*atrsl aad special, for the pear <br />1%4 and thereafter. <br />(d) The tatirt cost of iastaliing sideMalks over <br />said lamd. <br />(e) 'i'be sun of =910.00 of any asaeasnent agaiast <br />Tbt Sontlwtsttrn s?avinga snd Loan Company <br />for t Lt paying of Mhittthorn Avenus but oaly <br />if sueh asaesauent is eade Mithin three (3) <br />yeus of the date of the ensctment of thia <br />? Ordinanct. <br />u