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RESOLUTION N0. 2~.9~. <br />BY:: Mir. Crider. RESOLUTION DECLARING IT NECESSARY TO <br />IMFRO~TE _ STEASNS ROAD. F80I~ LOR.~,IN <br />TO_ THE 3QUTH~R~Y .CITY , BY C~SUCT- <br />ING. AND . INSTALLING A FIVE. -~QOT tt'$FTE. <br />PUBLIC - 3IDEGTALN _ ON BOTH SIDES TH'BRBOF. <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF NOBTH QI~3TEI~, <br />STATE OF OHIO,.THREE-FOURTHS OF ALL NTRS ELECTED THBR~TO CtI~TCURRING:: <br />cti®,~„ 1L That it is deemed necessary and cau~luci~re to the <br />public heat f -amxiveni.ence, welfare and safety, by reason of the present <br />necessity of protecting pedestrians, particularly children, who are now <br />compelled to walk in the paved portion of the street., to iaprAVe Stearns <br />road from L®raia Road to the southerly City line, by conatructisg and in- <br />p. <br />stalling a-.five ..foot concrete public sidewalk on both sides thereof. <br />c• 0 2„=, That the grade of said sidewalks shall be the grade <br />as shown oa-t e,P ns and specifications for said iaproveaeat, which said <br />grade and elevations are hereby confirmed and established as the grade of <br />said sidewalks. - <br />Sectio ,~,,., That the plans, specifications, e+stimatea and <br />profiles o t e-Pr®pessd improvement heretofore prepared by the City <br />E#~ineer and now filed in the office of the Director of Iublic S®rvice <br />be and the same are hereby approved. . <br />$~c,~t,,ios The whale cost of said improve~went, lama 1/50th <br />thereof sad -the ~ coat of intersections if ate, shall be assessed ac- <br />cording to the foot frost upon tho f®~lowing described lots sad lands, <br />to-wit: all lots and la~ia bounding and abutting upon both sides of <br />Stearn$ 8oad frog Drain Raad to the southerly City lime, is the Citp <br />of North Olmsted, which said lots and lands are. hereby deterraimed to be <br />speciallybenefited by said iapr®veaeat; and the coat of said improvement <br />shall include the expense of preliminary and other surveys, of printing <br />and pubiishimg the notices, resolutions and ®rdinancea required, the <br />serving of said notices, the cast of ccastructiin, together with interest <br />om Hates or bonds issued is anticipation of collection of deferred aasosa- <br />memts and all ®ther necessary expenditures. <br />Sect~~~a 5. That the assessments so to be levied shall be paid <br />in ten ann~~ nst ].gents, with interest not to exceed six per cent per <br />annum on deferred payments, provided that the canner of a~q property a~- <br />sessed may, at his option, pay such assessment in cash withim thirty <br />daps from and after the passage of the assessing ordinascea, in which <br />case said assessment shall rat include any item of interest upon notes <br />or bonds to be issued is anticipation of the collection of deferred <br />installments of assessments. <br />Ste-®a b That notes or bonds ®f the City of North Olmsted <br />shall be issue ~a•anticipatiom of the collective of assessments by <br />installments sad in an savant equal thereto. The remainder of the <br />entire cost of said improvement Hat specially assessed sha~.l. be paid <br />out of the General Fund, or by the issuance of bonds of the City of <br />North Olmsted for that purpose, in the manner provided by law. <br />Section, This resolution shall take effect sad be in force <br />`'~ frcna and after -tie earliest period allowed by law. <br />PASSEDz June ~., 1957• <br />ATTEST : s- <br />~~ <br />. istmant. e - ei <br />~~ G~%2~%~CC~. <br />~ .. , auagar . es ®et <br />of Co •' <br />APPROVrD: <br />r es .~' ~ ' s, - yor <br /> <br />~~ <br />.,~ <br />~~ ~ <br />~ `~ <br />