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I~SOLUTiON NO. 502l
<br />
<br />BY: Hessrs. Broekmaa, ChinnocR, Graber,
<br /> Magnotto, McBride, Sinagra, Usher
<br />
<br /> AN TUII;RGiiNCY RIq,qOhNTIOH declarinl', the nccc'ssiIv For retw,wt.g the
<br />existing tax levy for current expenses of ~he (;fly in (,xce?: of Ibc ten mTll
<br />limitation, ulrich ex[sting tax levy is at t:he rate of 1.1 m{lls on each dollar
<br />Of tax val.atiOn on the taxabTe property in the (Ury nf lM(cwo.d for the reason
<br />that the amount of taxes wlMch may be rai~ed within the ten mill limitation by
<br />levies on the current tax dopl~cate will l>e ~n~offJci~,~: 1o cont~mt(' to provide
<br />an adequate amount for the necc~:sary requiremcnt~ of lhe {',ity, a.d that it ]s
<br />therefore necessary to rr, n~,w said tax levy ~u cxee~s or lhe ten mill l~mita~'ion
<br />for the purpose of conl:~nu~n}~ ~:o provide cu[[iclmllt [uncle; [of the current expenses
<br />of the Cityand repealing Resolution No. 5015, adopted July 15. 197&.
<br />
<br /> WJIEREAS, It i~ ncce~;sat-y to submit to tho eleclor~;, at: n p, eneral election
<br />to be held on the 5th day of November, 197l*, thc quc, rltfou of n re~ewal of a levy
<br />for cnrrent expenses of the City, in excess or the ~:(,n mill limitaljon, an(I an
<br />emergency has arisen tn provide for the immediate pren.rvn~{o, of Ibc puhlSc ,
<br />health, safety and property, m~d to provide for the usual daily operation of
<br />municipal departments; now, therefore,
<br />
<br />BE IT I(ESOLVED BY IIIE COUNCIL OF TIlE CITY OF LAKEWOOI), STATE OF OlllO:
<br />
<br /> Section I. This council hereby declnre~ thai: tho amount of tax~,~ which
<br />may be raised by levies on thc torrent tax duplicale within ~he City, within thc
<br />ten mill limitation, thc maximum rate authorized by Article XII, Suction 2 of Ihe
<br />Ohio Const/tutron and Scctloe 5705.02 of the Ohio Revimr,d Code, will he insufficient
<br />
<br />City of Lakewood, ~nd for the purDose of contim,~.g to prrwr(Ic sufficient fm~ds for
<br /> entreat expenses, tha~ it is necessary to levy a ~:ax nn thc curren~ tax duplicate
<br />
<br /> authorized by tl~e OMo Constitution and the Ohio Revised Code section herein cited.
<br />
<br />duplicate for the years ]974, 1975, 1976, 1977 ned 1978 it the rate for encl~ year
<br />of 1.l mills on each dollar of tax va]nation ce the t;~x;~l*l.e pt'r,p(,rty in the City
<br />of Lakewood in exees~ of ~ucl~ rat:e author/zend by lhe Ohin Constitution, Article
<br />Xll, Section 2 aud Sc, ct:ion 5705.02 of the Ohio Revi~:ed Co(lc. The questiou nf quch
<br />tax levy shall be cul,./i[t,,rl la the elect:ors at :~ lu'm'Ya} elvction to, be held in
<br /> the City, at the designated voting places, on November 5, 1974.
<br />
<br /> Section 3. ]'hat the Clerk be nod she ~m h*,rr'by d~rected i'm certify a copy
<br />of this resolution to the Board of. Elections of C.yah(ff~,a ('.aunty, Ohio, in order that
<br />sa~d Board of Elect:ions may make the necessary nrralq,,~,mcuts for the sobmission of
<br />such qnestion to the electors el said City as provided by law, and upon ballots
<br />substantis~!y in the following form:
<br />
<br /> PROPOSED TAX LEVY - (RENEWAL)
<br />
<br /> A Renewal of a tax for the benefit of the City of Lakewood for
<br />the purpose of providing sufficient fnnds for current expenses at a
<br />rate not exceedinB one and one tenth (1.1) mills for each nee dollar
<br />of valuation which amounts to eleven cents (llg) for each one hundred dollars
<br />valuation, for the five (5) year period consistzng of the tax years 1974 to
<br />1978, both inclusive. ·
<br />
<br />( ) For the tax levy
<br />
<br />( ) Against the tax levy
<br />
<br />Section 4. Notice of such election shall be published as required by law.
<br />
<br />mative vote nf two-lhirds of all members electr,d tn C,m.cil, il' ~ha]l take effect
<br />and be in force immediately .pm~ its ndr~pti~l ;q,l~r~wa[ I~'the llnym' and
<br />Resolution 1~-~ 5015 adopted 3uLy
<br />
<br /> .- C~k
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