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64-218 Resolution
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64-218 Resolution
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Last modified
2/7/2014 10:09:13 AM
Creation date
2/5/2014 6:05:26 AM
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North Olmsted Legislation
Legislation Number
64-218
Legislation Date
9/16/1964
Year
1964
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<br />? ampunt of demages resulting fzbm the 3.mprovement asaessed in favor of aV oxner of <br />land aPYected by the improvement and the interest thcrean, the costa incurxed in coti- <br />nection xith the preparation, levy aad collection of the special assesaments, the <br />cost of purchasingo apgropriating aad otherwise acquiring therefor aqy required zyal <br />estate or intereste therein,, expenssa of legal servicss including obtaining an.appraviag <br />legal opinion, coat af labor and meterial, and interemt on bonds and notes issued in <br />anticipation of the levy arA ccillection of the apeciel aesessments, together vith all <br />other necassary expenditures. <br />3ection 6. That the Conaulting Eogineers oY this City be and they art hereby <br />authorized and directed to prepare and file in the ofYice of the Clerk of Oouncil the <br />estimated asseaements of the cost of the improveoent deacribed in this reeolution. <br />Suah estimated assessments sY?ell be based upon the estimate of coet of "id improvement <br />ncn+ on file in the office ot ttne Clerk of Couacil aad ahall be prepared pursuaat to the <br />prnvisions of this reaolution,. Wien euch eetimated mssesamnto have baen so Yil*d, <br />said Clerk shall catiass natic• of the adoptioa oY thiu reeolution and ttie filing of said <br />estimet,ed asseadmenta to be s4rrrd ott the owners of a1llvta end laads to be ssseseed <br />as provided in Section 727.1,3 0f the R*vised Code. <br />Section 7. 2'hat the asaessmentsto be levied shs11 be paid in tvwaty annual ina <br />sta]lments, `+ith interest on deforrod pqy?ments at the now rate as ahall be borrye <br />the bonds to be issued i.n snticipation of the collectioa thereoi; prpvided, that the <br />ozraer of any property ssasssad mey, at hie option, pay auch asseasment in caah <br />within thirty dsys af'+:cr passage of the assessing ordinance. <br />Section 8. That bonds oP the City shall be issued in anticipatioa of the col- <br />l.ectian of assessments by insta].lmcnts ar.d in an amount equel thereto and notes ot' <br />aaid City shall be issu.eri i.n ew:ticipatian of the issuance of such bonds aud the levy <br />of such asseasmenta. <br />Section 9. Tnis resolutiou 3s hereby doblared to be an emergency maasure neCesswry <br />fbr the immediate preservatien of the public peace, health and aafety of said City <br />a.cad fvr the fi:rther z^easaa that the inanediate constructiau of said improvernent is <br />neceRSery to grotect the heal.t,h of the abutting owners snd the inhabitants of the <br />City; WhereYore, tnis resolution she11 be in Ptitl.l force end effect from and imediately <br />af'ter its passage and approval.. . <br />? <br />-? .-t c,% <br />Presidtr?t ,6 C Is:ci?? - <br />Attest- JVIJ <br />? C erk o Councll <br />s <br />.-? <br />? <br />? ?,
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