3545 - 53 Certify max maturity - pool bonds

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a RESOLUTION N0. 35k5 BY Btr. Fahrenbach AN EMERGENCY RESOLUTION requesting the Director of Finance to certify to this Council the maxim+m maturity of bends in the amount of Sixty Thousand Dollars 060,000.00) proposed to be issued for the purpose of constructing a fireproof public swimming pool, ehaaging the line of roads in connection therewith, the pur- Chase of furniture and furnishings, playground apparatus, landscape planting, black topping, tiling, fencing the area and replacing and installing water service facilities, together with an estimate of the 7.iY'e oY said improvement. j } this Council contemplates issuing Sixty Thousand Dollars 060,000.00) of Swimming Pool Bonds from the proceeds of which Forty Thousand Dollars (~l~0,000.00) is to bs need for the construction of a fireproof public swimming pool and changing the line of roads 1n eonneation therewith, Ten Thousand Aollars ($10,000,00) is to be need fns tho purchase of furniture and furnishings, Playground apparatus and landscape plautiag, and Tan Thousand Dollars ($10,000.00) for black topping, tiling and fencing the area, and replacing and installing rater service facilities, ,and WHEREAS, Section 2293-2 and 2293x.0 of the General Code require the fiscal officer of the City to certify to this Council the estimated life of the improvement proposed La be constructed from the proceeds of said bonds and also to certify to this Council the maximum maturity of such bonds calculated iti accordance with pro- visions of Section 2293-9 of the General Code, including tho weighted average of the amounts proposed to bs expended for said different classes of improvsment~ and Y9HERE9S, the Director of Finance is the fiscal officer of the Gity of Lakewood, as defined in Section 2293-1 of the General Code, and WIIEIfGAS, an emergency exists in that the amount of bonds heretofore authorized will be insufficient to proceed with the construction of the swimming pool a8 originally planned] in that this Council considers. the issuance of addi- tional bonds is immediately necessary i.ri order to proceed with such improvement] and in order to provide for the public health, welfare and safety and the usual +y,. daily operation of a municipal department, now, therefore, BE I.T RESOLBED BY THE COUNCIL THE CI2Y OF I~AKEP900D, STATT OF OHIOt Section 1. That the Director of Finance bs and he is hereby requested to certify to this Council his conclusions as to the estimated life of such im- j provement and the maximum maturity oY such bonds with such other information as k may be required by law• :a i Section 2. This resolution is hereby declared to be an emergency mea- sure for the reasons stated in the preamble hereoY and, provided it receives the affirmative vote of two-thirds of all members elected to Counoil~ it shall take effect and be in force immediate]y upon its adoption and approval by the Mayor. Adopted: March 16,.1953 Geor a F. Quinn residen o nun H. A. Rees Clerk of Council. Approved: March 1T, 1953 A. I. %auffman 1~ayor