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RESOLUTION NO. 3807 <br /> <br />BY: Messrs. <br /> <br />Gaydos, Gottermeyer, <br />Quinn, Ward, Chockley, <br />Fahrenbach, FairgrieMe. <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 <br />million two hundred fifty thousand dollars proposed to be issued as <br />hereinafter provided for the construction of a fireproof municipal <br />departments and administration building, and his estimate of the life <br />of permanent improvements proposed to he constructed and acquired <br />from the proceeds of said bonds. <br /> <br /> · HEREAS, This ~ouncil 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 133.25 of th~ Revised Code pro- <br />vide that before any resolutions ordinance, or other measure pro- <br />viding for the issuance of bonds ~s passed or adopted, the fiscal <br />officer shall certify to the bond issuing authority t~e maximum ma- <br />turity of such bonds calculated in accordance with the provisions of <br />Section 133.20 of the Revised Code including the weighted average of <br />the amounts proposed to be expended for the several classes ofthe im- <br />provements and, also, that the fiscal officer shall certify the es- <br />timated life of the asset, property, construction or permanent im~ <br />provements proposed to be acquired, constructed, improved, extended <br />or enlarged from the proceeds of said bonds, and ' <br /> <br /> WHEREAS, The Director of Finance is the fiscal officer of the <br />City of Lakewood, as defined in Section 133.O1 of the Revised Code, <br />now, therefore, <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 erie million two hundred fifty thousand dollars, from <br />the proceeds whereof it is proposed to construct a fireproof municipal <br />departments and administration 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: July 1., 19~? - <br /> Thomas C. Ward <br /> President <br /> <br /> .... H. A. Ree.s <br />Approved: July 2, 1~7 Clerk <br /> <br />Frank P. Celeste <br /> Mayor <br /> <br /> <br />