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CITY OF NORTH OLMSTED ORDIAIANCE N0. 90- 64 gy: RONALD TALLON ? AN ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE IMPROVEMENT OF NORTH OLMSTED INDUSTRIAL PARKWAY BETWEEN CERTAIN TERMINI BY GRADING, DRAINING, CURBING, PAVING AND CONSTRUCTING A WATF.R A9AIN AND STORM AND SANITARY SEWERS, TOGETHER WITH THE NECESSARY APPIIRTENANCES THERETO, AND DECLARING AN EMERGENCY W}IEREAS, the improvement described in Section 1 has been completed and tlie final cost of that improvement has been determined; NOW, THEREFORE, BE IT ORDAINED by the Council of the City of North Olmsted, Cuyahoga County, Ohio, that: Section 1. The special assessments for the cost and expense of improving in the City North 0lmsted Industrial Parkway from Lorain Road southeasterly approximatery 556 feet, thence easterly approximaCely 1699 feet to its terminus by grading, draining, curbing, paving and constructing a water main and storm sewers; by constructing sanitary sewers in that Parkway and in easements of the Ci.ty fifteen feet w.ide running parallel with and contiguous t:c, each side of that Parkway; and by constructing a water main in an easement of tlie City thirty feet wide running from a point in that Parkway approximatel.y 945 feet from the centerline of Lorain Road southerly approximately 465 feet, thence easterly approximately 384 feet to an existing water main; in each case together with the necessary appurtenances thereto, pursuant to Resolution No. 88-68 adopted June 21, 1988, amounting in the aggr.egate to $1,010,000, which were filed and are on file with the Clerk of Council, are adopted and confirmed. Those special assessments are levied and assessed upon the lots and lands provided for in Resolution No. 88-68 in tYie respective amounts set forth in the schedule of special assessments on file, which special assessments are in proportion to the special benefits and are not in excess of any statutory limitation. Section 2. This Council finds and determines t.hat the special assessments a.re in the satne proportion to the estimated special assessments as the actual cost of the improvement is i;o the estimated cost of the improvement as originally filed. Section 3. The special assessment against each lot or parcel of land sha:ll be payable in cash within 30 days after the passage of this ordinance, or at the option of the owner in twenty annual instaliments with interest at the same r.ate as borne by the bonds to be issued in anticipation of the collecLion of the speclal assessments. All cash payments shall be made to the