4722 - 69 Renew existing tax levy

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RESOLUTION NO. 4722 BY: Messrs. Gaydos, Graber, Huffman~ Kelley, Usher, Ward, Wendling AN Eb~RGENCY RESOLUTION declaring thc necessity for renewing the existing tax levy for current expenses of the City in excess of the ten mill limitation,' which existing tax levy is at the rate of 1.2 mills on each d~llar of tax valuation on the taxable property in the City of ~akewood for~the reason that the amount of taxes which may be raised within the ten mill l~mitation by levies on the current tax duplicate will be i~sufficient to continue[to provide an adequate amount for the necessary requirements ofthe City, and that it ia therefore necessary to renew said tax levy in excess of the t~n mill limitation for the purpose of continuing to provide sufficient funds forlthe current expenses of the City. I WHEREAS, It is necessary to submit to the elec.tors, at a genera election to be held on the 4th day of November, 1969, the question of a renewal of a levy for current expenses of the City, in excess of the ten mill limitation, and an emergency has arisen to provide for the immediate preservation of the public health, safety and property, and to provide for the usual daily operation of municipal departments; now, therefore, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LAKBWOOD, STATE OF OHIO: Section 1. This council hereby declares that the amount of taxes which may be raised by levies on the current tax duplicate within the City, within the ten mill limitation, the maximum rate authorized by the constitution, ARTICLE XII, Section 2 and Section 5705.02 of the Revised Code, will be insufficient to continue to provide an adequate amount for the necessary requirements of the City of Lakewood, and for the purpose of continuing to provide sufficient funds for current expenses, that it is necessary to levy a tax on the current tax duplicate i~ said City, for a period of five years, at a rate in excess of such maximum rate authorized by the constitution and revised code section herein cited. Section 2. That it is necessary to levy a tax on the current tax duplicate for the years 1969, 1970, 1971, 1972 and 1973 at the rate for ~ach year of 1.2 mills on each dollar of tax valuation on the taxable property in the City of Lakewood in excess of sueh rate authorized by the constitution ARTICLE XII, Section 2, and Section 5705.02 of the Revised Code. The question of such tax levy shall be submitted to the electors at a general election to be held in the City, at the designated voting places, on November 4, 1969. Section 3. That the Clerk be and she is hereby directed to certify a copy of this resolution to the Board of Elections of Cuya~oga County, Ohio, in order that said Board of Elections may make the necessary arrangements for the submission of such question tothe electors of said City as provided by law. Section 4. Notice of such election shall be published aa required by law. Adopted: / / Approved: ~z % /~/~,~/ Section 5. This resolution is hereby declared to be an emergency measure for the reasons stated in the preamble h.ereof and, provided it receives the affirm- ative vote of two-thirds of all members elected to Council, it shall take effect and be in force immediately upon its adoption and approval by the Mayor. reside / Clerk ~ Mayor'~