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CITY OF NORTH OLMSTED RESOLUTION NO. 64-_~ Page 2 .~ All lots and lands bounding and abutting upon the proposed improvement between the termini aforesaid, which said lots and lands are hereby determined to be specially benefited by said improvement; and the cost of said improvement shall include the cost of preliminary and other surveys, plans, specifications, profiles and estimates and of printing, serving, and publishing notices, resolutions and ordinances, the amount of damages resulting from the improvement assessed in favor of any owner of land affected by the improvement and the interest thereon, the costs incurred in connection with the preparation, levy and collection of the special assessments, the cost of purchasing, appropriating and otherwise acquiring therefor any required real estate or interests therein, expenses of legal services including obtaining an approving legal opinion, cost of labor and material and interest on bonds and notes issued in anticipation of the levy and collection of the specia] assessments together with all other necessary expenditures. Section 6: That the Engineer of the City be and he is hereby authorized and directed to ;prepare and file in the office of the Clerk of this Council the estimated assessments of the cost of the improvement described in this resolution, Such estimated assessments shall be based upon the estimate of cost of said improvement now on file in the office of the Clerk of this Council and shall be prepared pursuant to the provisions of this resolution, When such estimated assessments have been so filed, said Clerk shall cause notice of the adoption of this resolution and the filing of said estimated assessments to be served on the owners of all lots and Lands to be assessed as provided in R C § 727. 13. Section 7: That the assessments to be levied shall be paid in ten (10) annual installments, with interest on deferred payments at the same reate as shall be borne by the bonds to be issued in anticipation of the collection thereof; provided, that the owner of any property assessed may, at his option, pay such assessment in cash within thirty days after passage of the assessing ordinance. Section 8: That bonds of the City shall be issued in antici- pation of the collection of assessments by installments and in an amount equal thereto and notes of said City shall be issued in anticipation of the issuance of such bonds and the levy of such assessments. Section 9: That the remainder of the entire cost of said improvement, after the application of the assessments herein provided, shall be paid by the issuance of bonds in the manner provided by law or from other funds available for this purpose. APPROVED: alph Christman, Mayor Section 10: That this Resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health and safety of the City, and for the further reason that the immediate construction of a water main is necessary to eliminate health hazards to the residents and afford fire protection to the properties abutting on said improvement; WHEREFORE, this Resolution shall be in full force and effect from and after its passage and approval by the Mayor. PASSED: ~~ , ~ j ~ l0 ~ ~ ,, TEST: Francis J. O'N 11, President of Council ~._ J ~ - ~ a -~-~ Margaret West, Clerk of Council ~~ . - _