5336 - 78 Request permission for Street Resurf. Spec. Asses. Fund

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RESOLUTION NO. 5336 By: Wendllng, Brockman, Brown, Chinnock, Magnotto, McBride; SalmOn AN EMERGENCY RESOLUTION requesting the permission of the Bureau of Inspection and Supervision of Public Offices to establish a special fund to be known as the City of Lakewood, Ohio, Street Resurfactng Special Asses- sment Rotary Fund. WHEREAS, this City follows the statutory procedure in connection with the establishment and maintenance of the various funds of this City, and Section 5705.12, Ohio Revised Code, requires the approval of the Bureau of Inspection and Supervision of Public Offices in order to establish a special fund; and WHEREAS~ this City desires to establish a special fund to be known as the Street Resurfacing Special Asseessment Rotary Fund; and WHEREAS, this Council by two-thirds vote of the members elected thereto determines that this resolution is an emergency measure which is necessary for the immediate preservation of the public peace~ property, health and safety and for the further reason that immediate provision must be made for the financing of the 1978 Street Resurfacing Program in order to eliminate egisting hazards to pedestrian and vehicular traffic; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Lakewood~ CoUnty of Cuyahoga and State 0f Ohio: Section 1. That the City of Lakewood hereby requests the ap- proval of the Bureau of Inspection and SupervisiOn of Public Offices as required by Section 5705.12, Ohio Revised Code, to establish a special fund to be known as the City of Lakewood, Ohio, Street Resurfacing Special Assessment Rotary Fund by the passage of the ordinance attached hereto and marked "Exhibit A". Section 2. That the City of Lakewood, Ohio, Street Resurfacing Special Assessment Rotary Fund shall be established for the purposes and shall receive and disburse funds all as described in the ordinance attached hereto and~arked as "Exhibit A". Section 3. That it is found and determined that all formal ac- tions of this Council concerning and relating to the adoption of this resolu- tion were adopted in an open meeting of this Council, and that all deliberations of this Council and of any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements including Section 121.22, Ohio Revised Code. Section 4, That this resolution, having been declared to be an emergency measure, shall be in full fOrce and effect immediately after its adoption and approval by the Mayor. Adopted: , 1978 Aproved: ~c~ ~-~ , 1978 -- I ./'9 /// Clerk ~ CoUncil