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Resolution Teo. By rpr . __ ~/L~t-~t~t/L/ A RESOLUTIO~i DECLARING I1 iv ECESSARY TO ITvi FAO VE GLADLAN ll AVENUE, FROTH ELF ROAD TO ':i~1TE NOR`I'HER'L,Y IlvD, BY CONSTRUCTITJCs THE'R:~IN A WATER TvIAIN . 1~iYHEREAS .owners o.f mare than. 60jo~ of the foot frontage of property on Gladland Avenue, from Elm Road to the Northerly end, have petitioned in writing for the improvement of said street by constructing therein a water line; now, therefore, BE IT RESOLVED by the Council of the Village of North Olmsted, Ohio: Section 1. That it is necessary to improve Gladland Avenue, from ~.m Road to the northerly end, by con- structing therein a water main i.ri accordance with the plans and specifications prepared by the Village Engineer. Section 2. That the grade of said street shall be the grade spawn on the plans and specifications for said im- prov ernent , which said grade and elevations are hereby con- firmed and esta.'olished as the grade of said street. Section 3. That tine plans, specifications, estimates and profiles of the proposed improvement heretofore prepared bg the Village .~gineer and now filed in the office of the Village Clerk be, and the same are hereby, approved. Section 4. That the cost of said improvement shall be assessed by the foot front upon the following described lots and lands, to wit, all lots and lands bounding and abuttzng upon the proposed improvement, which said lots and lands are hereby determined to be specially benefited by said improve- ment; and the cost of said improvement shall include the ex- pense of preliminary and other surveys, of printing and publis:n- i.ng the notices, resolutions and ordinances required, the serving of said notices, the cost of construction, together with interest on notes or bonds issued in anticipation of the collection of deferred assessments and all other necessary expenditures. Section 5, That the assessments so to be levied shall be paid in ten annual installments, with interest not to exceed six per cent per annum on deferred payments, pro- vided that the owner of any property assessed may, at his option, pay such assessment in cash vuithin thirty days from and after the passage of the assessing ordinance, in which case said assessment shall not include any item of interest upon notes or bands to be issued in anticipation of the collec- tion of deferred installments of assessments. Section 6. That notes or bonds of the Village of Tvorth Olmsted shall be issued i.n anticipation of the collection of assessments by installments and in an amount equal thereto. Section 7. This resolution small take effect and be in force from arld after the earliest period allowed by law. Passed: J/,(~ti r ~' , 195U . .- _~7~ y ~- i ~J Clerk ~[ayor ~ r / o J ~ n~n_ ~ ~'~ ~,~ v