Laserfiche WebLink
R~OLL~TION NO. ~719 BY ~r. Fairgrieve <br /> <br /> ~-~ ~*~R~tOl RESOLb~fION declaring the necessity of lssuina <br />M~dison Park ~n~ Pool ~d ~tce ~ ~nds o~ ~he City of <br />~ewo~ Sn ~p p~nci~ ~t of ~ h~a fifty ~housand ~ol- <br />· a~s,_~xxx~g ~ p~se ~ ~e ~ppro~e ~e, interest ~ta and <br />~x~y or ~c oonca ~ aecl~lna the necessity of the le~ of <br />~ ~x. put~e ~f ~e ~tation ~posed by ~ection I oF ~lCle <br />AAA Oi~ ~e ~XO ~nstitu~xon, to ~y the interest on and to retire <br />the said bon~. <br /> <br /> ~EP~AS, An emer~ncy exists ~or the reasons t~hat tibia Council <br />~esirea to aub~i~ t ..t~? question to the eiectore at the election ~o be <br /> eld November 6, 19~5, that Revised Code, Section 1~.09 requires <br />the taxing authority io Certify the resolution, passed and containing <br />provisio~s as in ~d ~ec.~ton provided, ~,o the Coanty AUditor at <br />ieast 110 gays prior t~ the election at ~hich it is ~esired to submit <br />such question, an~ that it province for the public health, ~elfare, <br />and Safety and the ~s~al da~ly operation of a ~unicipal depar!zaentl <br /> <br /> B~ IT RESOLVED B~ THE OOUNOiL OF T~E CIT~ OF LiKE,DOD, ~TATE <br />OF 0~I0~ <br /> <br /> _ ~ec~ion 1. It is hereby declared necessary to issue <br />po?l ~nd service build~n~ bon~s o£ the City of <br />~1 ~o~ of ~.h~ r~y ?hou~ ~ll~$ for ~he p~se of <br />cons~c~xng a a~napooi ~ ~a~lCe <br />~ ,acq~ring eq~e~t, f~. ~ings ~d ap~ra~us for <br />sai~ swl~n~ ~o~ ~a aervxce b~n~. <br /> <br /> Section 2. It ia ~eclared necessary to,levy a tax outside of <br />the limfta~ion imposed ~y f~ection 2 of ArtiCle III of ~he Constitution <br />of the Sta$~ of Ghio ia order to ~y ~he inte~st on and to re~i~ <br />s~bonda[ ~d ~t She question of the las~ce of said bonds <br />the ie~ of su~ t~ ~ha~ be s~b~tted to the elec~or~ of the City of <br />~kewcod at ~e n~t Nov~ber eAeCtion to be held ~vember <br />~h~s Co~cil he,by fixes ~e app~ate date of ~i~ ~n~ to be <br /> e~ry 1, 19f7, the ~pp~ate interest rate to be three per cea~ <br />per ~, ~yable. s~ia~y ~d said bonds ~1 be ~yable <br />· wen~-%~re~ ~nu~ ~n~t~en~s ~tng in s~st~tia~y eq~l <br />~o~s ~ a pe~oa or twenty-~ree ye~s after the authorization <br />thereof. <br /> <br /> Section 3. That the Clerk of this Council shall deliver a <br />certified copy of this resolution te the County Auditor of Cuyaho~a <br />County a~ least 110 days prior to ~iovember 6, 19~6, for his calcula- <br />ti.o~ 9f ~he average, an~.ual tax levy re. quired throughout the life of <br />sax~ ~onas to pay the interest on, and to retire such bonds, ass,,.~.~ng <br />that the said bonds are all issued in one series and that the am~t <br />of tax list of the City of Lake~ood remains three, out the life of <br />said bonds the same as the amount of t~x list for the current year. <br /> <br /> Section ~. That this re~olution is hereby declared to be an <br />emergency measure £or the reasons stated in the preamble hereof and, <br />provld~ it receives the affirm.~mtive vote of t~o-thirds of all members <br />electe~ to Council, it shall take effect and be in force i~ediately <br />upon its adoption. <br /> <br />Adopted: July2. 1956 <br /> <br />Approved: ~l~ ]. ,~9~6 ..... <br /> <br />..,~ H.A....~es. .. <br /> ¢~er~ <br /> <br /> <br />