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RESOLUTION NO. <br /> <br />3850 BY: Messrso Gaydos, Gottermeyer, <br /> Law, her, Ward. <br /> <br /> A RESOLUTION requesting the Director of Finance of the City <br />of Lakewood to file a Certificate of Maturity in connection with the <br />issuance of one hundred ten thousand dollars "Recreational Facilities <br />Bonds". <br /> <br /> WHEREAS, This Council contemplates issuing one hundred ten <br />thousand dollars in bonds to provide a fund for the purpose of im- <br />proving the recreational facilities at Lakewood and Madison Parks, <br />Andrews Field, premises at 16718 Detroit Avenue and the so-called <br />Battery B premises; and <br /> <br /> WHEREAS, Sections 133.21 and 133.24 of the Revised Code pro- <br />vide that before any resolution~ ordinance, or other measure provid- <br />ing 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 <br />amounts proposed to be expended for the several classes of the 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 <br />the City of Lakewood, as defined in Section 133.01 of the Revised <br />Code; 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 his conclusions as to the es- <br />timated life of such improvement and the maximum maturity of said <br />bonds, together with such other information as may be required by <br />law. <br /> <br /> Section 2. That this resolution shall take effect and be in <br />force upon its adoption and approval by the Mayor and at the earliest <br />period allowed by law. <br /> <br />Adopted: February 17. 1958 <br /> <br />Approved: February 19,. 1958 <br /> <br />Thomas C. Ward <br /> President <br /> <br />H. A. Rees <br /> 'Clerk <br /> <br />Frank P. ~eleste <br /> Mayor <br /> <br /> <br />