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RESOLUTION NO. 3729 BY Mr. Fairgrieve <br /> <br /> A RESOLUTION requesting the Director of Finance to certify to <br />this Council the maximum maturity of bonds in the amount of one million <br />five hundred thousand dollars proposed to be issued as hereinafter pro- <br />vided for the construction and for the equipment, furniture, furnish- <br />ings of a fireproof municipal departments and administration building, <br />and his estimate of the life of permanent improvements proposed to be <br />constructed and acquired from the proceeds of said bonds. <br /> <br /> WHEREAS, This Council contemplates submitting to the electors <br />of the City of Lakewood the question of issuing the bonds more par- <br />ticularly hereinafter described in Section i hereof; and <br /> <br /> WHEREAS, Sections 133.21 and 133.24 of the Revised Code pro- <br />vide that before any resolution, ordinance, or ether measure providing <br />for the issuance of bonds is passed or adopted, the fiscal officer <br />shall certify to the bond-issuing authority the maximum maturity of <br />such bonds calculated in accordance with the provisions of Section <br />133.20 of the Revised Code including the weighted average of the amounts <br />proposed to be expended for the several classes of the improvements <br />and, also, that the fiscal officer shall certify the estimated life of <br />the asset, property, construction or permanent improvements proposed <br />to be acquired, constructed, improved, extended, or enlarged from the <br />proceeds of said bonds; and <br /> <br /> WHEREAS, <br />City of Lakewood, <br />now, therefore, <br /> <br />The Director of Finance is the fiscal officer of the <br />as defined in Section 133.01 of the Revised Code, <br /> <br /> BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE <br />OF OHIO: <br /> <br /> Section 1. That the Director of Finance be, and he is hereby, <br />requested to certify to this Council the maximum maturity of bonds <br />in the amount of one million five hundred thousand dollars, from the <br />proceeds whereof it is proposed to use one million three hundred thous- <br />and dollars for the construction of a fireproof municipal departments <br />and administration building and to use two hundred thousand dollars <br />for acquiring equipment, furniture and furnishings for said building. <br /> <br /> Section 2. This resolution shall take effect and be in force <br />from and after the earliest period allowed by law. <br /> <br />Adopted: <br /> <br />Approved: <br /> <br />July 16, 19~6 <br /> <br />July 17, 1956 <br /> <br />Thomas C. Ward <br /> President <br /> <br /> H. A~ Rees <br /> Clerk <br /> <br />Frank P. Celeste <br /> Mayor <br /> <br /> <br />