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Ordinance No. 786 By Mr. Baumgardner AN ORDINAIvCE DETEBMINING T0 PROCEED WITH 3'HE IMPROVIIbiFNT OF SILVMDALE HOAD, FRlJM IARAIN ftOAD TO 2Hr, NORTH LINE OF SUB?AT N0. 2% BY CONSTRUCTIAIG THEREIN A WATER LINE. BE IT ORDAINED by the Council of the Village of North 07.msted, State of Ohio: Section 1. That it is hereby determined to proceed with the improvement of Silverdale Rao d, from Lorain Road to the North Line of Sublot No. 29., by constructing therein a water line, in accordance with Resolution No. 1570, passed on the 2nd day of August, 1949, and in accordance with the plans, specifications, estimates and profiles heretofore approved and now on file in tihe office of the Clerk. Section 2. That all claims for damages resulting therefrom shall be judicially inquired into after the completion of the pmposed improve- ment, and the solicitor be, and he is hereby, authorized and directed to institute proceedings in a court of competent jurisdiction to inquire into such claims. Section 3. That the cost of said improvemnt sha11 be assessed by the foot front upon the fQl].owing described lots and lands, to wit, all lots and lands bounding and abutting upom the proposed improvement, which said lots and lands are hereby determined to be specially benefited by said improvement; and the cost of said improvement shall include the pcpense of preliminary and other surveys, of printing.and publishing the notices., reaolutions and ordinances required., t he serving of said notices, the cost of construction, together with interest on notes or bonds issued in anticipation of collection of deferred assessments and all other necessary expendi.tures. Section 4. 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, provided that the owner of any property assessed may, at his option, pay such assessment in cash within thirty days from and after the passage of t he assessing orciinance, in Khich case said assessment shall not include ar?y item of inter t upon notes or bonds to be issued in antici- pation of the collection of dferred i.nstallments of assessments. Section 5. That notes or bonds of the Village of North Olmsted shall be issued in anticipation of the co llection of assessments by install- ments and in an amAUnt equal thereto. Sgetion 6. That the Clerk be., and he is hereby, authorized and d irected to advertise for bids for t he construction of said improvement according to Iaw. Section 7. This ordinance is hereby declared to be an emergency n!easure, necessary for the imnediate preservation of public health, peace, safety and welfare, and shall t ake effect arxi be in force fron and after its passage. Passed: December 6, 1949. E. M. Christman, Clerk Dr. Charles B. Lewis, Mayor