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RESOLUTION NO. <br /> <br />5091 <br /> <br />By: Messrs. Graber, Magnotto, McBride, <br /> Usher, Brockman, Chinnock <br /> <br /> A RESOLUTION requesting the Fiscal Officer to furnish a certifi- <br />cate of maximum maturity. <br /> <br /> WHEREAS, the Council of the City of Lakewood contemplates issu- <br />ing $3,500,000 of bonds and notes for the purpose of pnying the costs of <br />constructing and equipping a structure for municipal off-street parking <br />of motor vehicles; <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of <br />Lakewood, Cuyahoga County, Ohio: <br /> <br /> Section 1. That the fiscal officer of this City is hereby re- <br />quired to certify his estimate of the life of usefulness of the property <br />and the maximum maturity of bonds and notes calculated in accordance with <br />the provisions of Section 133.20 of the Revised Code and based on the fol- <br />lowing: <br /> <br />$3,250,000 for constructing such structure. <br /> <br />$ 250,000 for equipping such structure. <br /> <br />Section 2. That this resolution shall be in force and take <br /> <br /> President o{ Council <br /> <br />Approved: ~ ~. , 1975 <br /> <br />Clerk ~Council <br /> <br /> <br />