Label
FIN LEVY 2017 NDT ST-LIGHTS
Taxation and Treasury
Martinez (x1653)
Revised
Title
Levying special assessments for the improvement of certain streets, alleys and public ways outside of the downtown area of the City by providing street lighting during the calendar year 2017; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This is the Ordinance to levy the assessments for the cost and expense of street lighting in the City of Toledo outside the Downtown District for the year ended December 31, 2017. The services described in Section 1 have been completed and the final cost of those services has been determined.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the revised special assessments for the cost and expense of improving certain streets, alleys and public ways located in the City but outside of the Downtown Area by providing street lighting during the calendar year 2017, pursuant to Ordinance No. 457-16, passed December 6, 2016 amounting in the aggregate to ($3,454,543) Three Million, Four Hundred Fifty-four Thousand, Five Hundred Forty-three Dollars, which were filed with the Clerk of Council on July 6, 2018, and are now on file in his office, are adopted and confirmed. Those special assessments are levied and assessed upon the lots and lands bounding and abutting on the streets, alleys and public ways of this City described in Ordinance No. 457-16 in the respective amounts set forth in the schedule of revised assessments on file, which assessments are in proportion to the special benefits and are not in excess of any applicable limitation.
SECTION 2. That the special assessment against each lot or parcel of land shall be payable in cash within 30 days after the passage of this Ordinance, or at the option of the owner in one annual installment (two semi-annual installments) with interest at the same effective fixed rate as borne by the notes issued in anticipation of the collection ...
Click here for full text