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Ordinance No. O <br />By Mr. <br />AN ORDINANCE <br />DETERMINING TO PROCEED WITH THE IMPROVEMENT OF WALTER ROAD, <br />FROM GESSNER ROAD TO MAPLE RIDGE ROAD, BY CONSTRUCTING THEREIN <br />A WATER MAIN. <br />BE _ 'IT..' by the Council of the Village of North <br />Olmsted, State of Ohio: <br />Section 1. That it is hereby determined to proceed <br />with the improvement of Walter Road, from Gessner Road to <br />Maple Ridge Road, by constructing therein a water main, in <br />accordance with - Resolution No. 1643 passed on the 6th day of <br />June, 1950, and the petition of property owners described in <br />said resolution, and in accordance with the plans, specifications, <br />.estimates and profiles heretofore approved and now on file in <br />the office of the Clerk. <br />Section -2. That all claims for damages resulting <br />therefrom shall be judicially inquired into ' of ter the comple- <br />tion of the proposed improvement, and the solicitor be, and he <br />is hereby authorized and directed to institute proceedings in <br />a court of competent jurisdiction to inquire into such claims. <br />Section 3. That the cost of said improvement shall <br />be assessed by the foot front upon the following described <br />lots and lands, to wit, all lots and lands bounding and abutting . <br />upon the proposed improvement, which said lots and lands are <br />hereby determined to be specially benefited by said improvement; <br />and the cost of said improvement shall include the expers a of <br />preliminary and other surveys, of printing and publishing the <br />notices, resolutions and ordinances required, the serving of <br />said notices, the cost of construction, together with interest <br />on notes or bonds issued in anticipation of collection of de- <br />ferred assessments and all other necessary expenditures. <br />Section 4. That the assessments so to be levied shall <br />be paid in ten annual installments, with interest not to exceed <br />six per cent per annum on deferred payments, provided that the <br />owner of any property assessed may,. at his option, pay such <br />assessment in cash within thirty days from and after the passage <br />of the assessing ordinance, in .which case said assessment shall <br />not include any item of interest upon notes or bonds to be issued <br />in anticipation of the collection of deferred installments of <br />assessments. <br />Section 5. That notes or bonds of the Village of North <br />Olmsted shall be issued in anticipation of the collection 'of <br />assessments by installments and in an amount equal thereto. <br />Section 6. That the Village Engineer be and he is <br />hereby directed to prepare and file with this council a tentative <br />assessment showing the amount to be assessed on each lot or <br />parcel of land to be assessed. ; <br />Section 7. That the Clerk be, and he is hereby, <br />authorized and directed to advertise for bids for the construc- <br />tion of said improvement according to law. <br />Section 8. This ordinance is hereby declared to b e <br />an emergency measure, the emergency being that it is necessary <br />for the immediate preservation of public health, peace, safety <br />and welfare that this ordinance be-passed at once and shall take <br />effect and be in force from and after its passage. <br />Passed: August 150 1950. <br />er or <br />