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<br />ORDINANCE N0. ~+J
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<br />AN ORDINANCE TO AMEND Sr'~TIONS 1 AND 2 OF' ORDINANCE NUMBER
<br />64-329 , PASSED DECEMBER l~, 196+, AND ENTIfiLID
<br />AN ORD~I AID"AUTHORIZIl~fG THE ISSUANC OF BONDS BY THE CITY
<br />OF NORTH OI.MS'I'ED, OHIO, IN AN^'ICIPATION OF THE COLLECTIl~ OF
<br />SPECIAL ASSESSMENTS HERETOFORE: LEVIED TO PAY THE ASSESSABLE
<br />PORTION OF' THE COST OF' CONSTRUCTING SANITARY SEWERS IN
<br />CER".a.AIN STREEPS COMPRISED Ih :,ONTRACTS ~, ?~A, 7, b AND Es,
<br />AI1D DECLARING AN EMERGENCY"
<br />'~.vtik~'}tr:AS, t}iis Couricii on DPCe:riLer :l.7, 196+, passed Ordinance NQ. 64-329
<br />providing for the issuance of bor~d> n the principal amount of 1,277,115,
<br />ir. antiCip<ztivti oi' t}te collectiQ:", 01' special assessments heretofore levied
<br />to pixy tre a,ssesa~_le portion of tiie cost of constructix~; sanitary sexers
<br />ir, certa'.n de:~ignated streets acid c::~mprised in Contracts 4, 4A, 5, band ~S; and
<br />~;FI~F.AS, since t}ie date of passage of said ordinance additional cash payments
<br />in the ap;gregate amount of $5;1,2`;';' were received ier credit against the asse~s-
<br />:7eTits levied f'or said improvement~~,; and
<br />WHEREAS, by reason of the .receipt of such cash payments this Council finds
<br />ana detez-mines it ,;~ be necessa:~y to amend Sections 1 and 2 of Ordinance No.
<br />64-329_ so a5 to reduce tc~ the extent necessary the amount of the bonds
<br />authorized thereb~~ avid to re•rise the maturities of said •oonds; al:l as authori2ecx
<br />ny Section 2 or .said : rdinanceg
<br />NUw', THEREFORE, PF :I2' J~?i'~JED by the Council of the City of North Olmsted,
<br />Ohio:
<br />Section 1. That Sections 1 and 2 of Ordinance No. 64-329 passed
<br />December 1.~, 19F~~ shall t>e anti the same hereby are amended to read in full
<br />as follaws~
<br />iec±,;.on 1. That ~ r, is !:ere~~y declared necessary t~a issue bonds
<br />Qi• ~i~' ^ity of Hurt}; i~im~:ted, O;io, in the pr~_r~c ipal amount of
<br />~1, 2J 7, ~:-;b ir, tlnti ~' put.:on ~:~.' ;he' <~ollection of special assessments
<br />heretoi'oa'e levied t~ ix~,; ',h~ s._~~;ee,sa':ie portic,r. cif the cost of con-
<br />str,.:ctir.~ sc;..;itar;;r -pw^r"~ r. tie ~ever•a1 streets described. in Ordinance
<br />'Vc. r;?-~ ,assed ~z~naar,~ ~, .1,~r,<~ to a'txtI:O11Ze the rotes hereinabove
<br />?'eL~ '.:i] :al .:.L ~ ^U;T11:':".aetj .-~: ;.;~ n` r~icts ~, 4A. `), ~ f3.17iu t3 for the COn-
<br />*.ru~~ T f~rPt ~ .<:r:d ;-:: ~}i::: .>s=es~ments }ia~e r.,eex; levied by
<br />~~:-c~r~.•u~-~: ~,_~~~.. sy-~ ~, -,+} ;~., ~+-2~7~, bt+~2'~T ai~~i b4.,2~~, all passed
<br />v`,°; 1~P;,:~l' _ ', i`K;ti F:;"it ..i! ~eC....re l?litStaJlC~ln~ ;~Gt^:i 1`.iSUed ~7
<br />c?E°i:ti-;r L, Tne vr~i;~ ~,or.d~, .~ha1 Y>e dated FenruF,~y 1, 19E~5, shall
<br />,~F issued n ~:.xr h der~miri~tt t?rxt a the pzxrt~,aser ma•, r~~UUest b:zt sub,~ect
<br />;;w;~, t~~:~ ,he :tq,~_rEmf>r,t., ",~, ~ ~^s.t+.~ri.t,, sched,.x:1F~ her~a:r.~~i'ter set f`ort?~~,
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