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. <br />• <br />0 <br />r <br />QTY OF NORTH OLMSTED RESOLUTION NO. 67-18 PAGE 2 <br />Section 7: That the Enqineer of this City be and he is hereby <br />authorized and directed to prepar8 and file in the office of the Clerk of <br />this Council the estimated assessments of the cost of the improvement <br />descrlbed in this r8solution. Such estimated assessments shall be based <br />upon the estimate of cost of said improvement naw 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 sdoption of this resolution and the <br />filing of said estimated assessments to be served on the owners of all 'lots <br />and laads to be assessed as provided in R. C. §727.13. <br />Section 8: That the assessments to be levied shall be paid in xo <br />annual installmetrts, 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 passaqe of <br />the assessinq ordinance. <br />Section 9: That bonds of the City shall be issued in anticipatton <br />of the collection of assessments by inatallments and in an amount equal <br />thereto and nates of sald City shall be issued in arrticipation of the issuance <br />of such bonds and the levy of such assessments. • <br />Section 10: The remainder of the entire cast of such improvement, <br />aitec 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 />3ection 11: This resolution is heceby declared to be an emerqency <br />measure necessary for the immediate preservation of the public peaae, health, <br />safety and welfare of said City, and for the further reason that the immediate <br />construction of said twpe+owmee is necessary to afford fire protection and <br />protect the health and property of the abuttinq owners and the inhabitants <br />of the City. WHEREPORE, this Resolution shall be in full force and effect <br />from and immediately after its passaqe and approval by the Mayor. <br />PAS3ED: ? 3 G <br />ATTE ST: <br />? <br />Marqare . West, Clerk of Council <br />APPROVED: J?7 <br />? <br />Ralph . Christman, Mayor <br />, President of Council <br />'..f` <br /> <br />