3548 - 53 Agreement w/ Westlake Cab Co. to increase security covering prop damage

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p RESOLUTION N0. 35l~S BY Mr. Vickery AN EMERGENCY RESOLUTION authorizing and instructing the Mayor to execute a supplemental agreement with the Westlake Cab Service Company and the Cleveland Trust Company to provide for an increase in the security covering property damage in the event of accidental injury and declaring an emergency. ~'HEREAS~ the City of Lakewood heretofore has entered into an agreement with the Westlake Cab Service Company and the Cleveland Trust Company ender which the Westlake Cab Service Company has agreed to furnish security to cover payment of final judgments for personal injury and property damage suffered in the event of aecident~ the security for property damage being limited to one thousand dollars (~1~000o00); and WHEREAS since the execution of said agreement, the statutes of Ohio have been amended to require that the security for final judgments based upmn accidental injury to property beat least in the amount of five thousand dollars($5~000,00); and 4VHEREAS~ the Westlake Cab Service Company has tendered a supplemental agreements under the terms of which the original agreement hereinabove referred to will be amended by increasing the amount of the security agreed to be furn- fished to cover final judgments for property damage arising through accidental means from one thousand dollars ($1~000o00) to five thousand dollars ($5000.00); and 'wHEREAS~ said supplemental agreement makes no other change inthe terms .and provisions of said original agreement hereinabove referred to; and VVIiEREAS~ an emergency exists for the reasons hereinafter stated re- quiring that this resolution go into immediate effects noer~ therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LAKE9~OOD, STATE OF OHIO: i Section le The supplemental agreement hereinabove referred to shall =1 forthwith be submitted to the Law Director for examination as to form, - Section 2. If said supplemental agreement is approved by the Law Director as to form, he shall forthwith endorse upon it his such approval and transmit the supplemental agreement thus approved to the Mayor. In the event that the supple- mental agreement is disapproved by the Law Directory he shall forthwith transmit i the agreement to the Mayor together with a written statement of the reasons for his failure to approve the samee Section 3o The Mayor forthwith upon receiving the approved supplemental agreement, if the sane is approved by the Law Director, shall execute said sup- _ plemental agreement on behalf of the City of Lakewood. In the event that such agreement is not approved by the Law Direetor~ or ifs for any reasons the Mayor shall fail or refuse to execute said agreements he is hereby instructed forth- ` with to notify the Councih in writings of such fact and of the reasons therefor. _ Section Lto This resolution is hereby declared to be an emergency measure for the reasons that the'i~nmediate execution of said supplemental agreement is necessary to maintain uninterrupted taxicab operation in the City of Lakewood and that it involves the customary and usual daily operations of a city depart- meat. Adopted: April 6, 1953 George F. duinn esi en of ouncx H. A. Rees Approved: April 7, 1953 C er o ounei A. I. $auffman Mayor 4_