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~~-zzL~ <br />CITY OF NORTH OLMSTBI) <br />ORDINANCE No. b4 `°' aSd <br />By d~ <br />AN ORDINANCB AMENDING ANT! RBPBALING t~tDTNANCB 62-164, <br />.BNACTBD OGTOBBR 16, 1962, 'WHICH WAS AN C~RTfiNANCB <br />AUTHORI2iAiG TH8 ACCEPTANCE OF A WARRANTY Tf~D FROM <br />THB SOUTH9~STF.RI~T SAVINGS ANI~ LOAN COIKPANY Ft"~+t CERTAIN <br />LAND IN CONNECTION WITH THE BNING OF WHITBTHORN <br />AVENUE, AND DECLARING AN BMERGBNCY. <br />WHEREAS, Ordinance b2-164, enacted on October <br />ib, 1962, authorized the acceptance of a warranty deed from <br />The Southwestern Savings and Loan Company covering certain <br />land abutting on Whitethorn Avenue in the City of North <br />Olmsted which is essential to the proposed widening of the <br />right-of-way of said street and the installation of sidewalks <br />therein; and <br />WHEREAS, negotiations with The Southwestern <br />Savings and Loan Company indicated that a warranty deed would <br />be furnished but on terms somewhat different than contained 3n <br />Ordinance b2-164 .and <br />WHEREAS, said warranty deed has now been tendered <br />and it is necessary that Ordinance b2-lb4 be amended so as to <br />express the intention of the parties. <br />NOW, THEREFORE, BE IT ORDAINED by the Council of <br />the City of North Olmsted, State of Ohio: <br />Section 1: That Section 2 of Ordinance b2-Ib4, enacted <br />October lb, 1962, now reading as follows <br />"Section 2: That the City of North Olmsted <br />assume; <br />(a) The cost of the title guarantee. <br />(b) The cost of revenue stamps on the deed. <br />(c) Taxes, general and special, for the year <br />1962. <br />(d) The entire cost of installing sidewalks over <br />said land." <br />be and the same is hereby amended to read as follows: <br />"Section 2: That the City of North Olmsted <br />assume: <br />(a) The cost of the title guarantee. <br />(b) The cost of revenue stamps on the deed. <br />(c) Taxeas, general and special, for the year <br />1964 and thereafter. <br />(d) The entire cost of installing sidewalks over <br />said land. <br />(e) The sum of $910.00 of any assessment against <br />The Southwestern Savings and Loan Company <br />for the paving of Whitethorn Avenue but only <br />if such assessment is made within three (3) <br />years of the date of the enactment of this <br />Ordinance. <br />i <br />