5797-83 Transfer funds from Hospital fund to garage fund

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(iii) enable the City to provide additional monies to make payments of principal of and interest on bonds issued to provide parking facilities which are not related to the Hospital; and (iv) enable the City to provide other needed perma- nent improvements, as determined by this Council, or to make payments of principal of and interest on bonds or bond anticipation notes issued for the purpose of provid- ing such other needed permanent improvements. Section 4. The law firm of Calfee, Halter & Griswold, Cleveland, Ohio, upon the request of the Law Director, is authorized to prepare a petition addressed to the Court of Common Pleas of Cuyahoga County setting forth the name and amount of the funds to which and from which the transfer hereby authorized shall be made, a copy of this Resolution with a full statement of the proceedings pertaining to its passage, and the reason and necessity for the transfer, to forward a duplicate copy of said petition to the Tax Commissioner for her ex- amination and approval and, upon her approval, to forward, within ten (10) days of receipt of said approval, a copy of the petition to the Clerk of the Court of Common Pleas of Cuyahoga County, to give notice of the filing, object and prayer of the petition and of the time when it will be heard in accordance with the requirements of Section 5705.16, Ohio Revised Code, and to represent the City with respect to the pro- ceedings in the Court of Common Pleas of Cuyahoga County and before the Tax Commissioner. Section 5. It is found and determined that all formal actions of this Council concerning and relating to the passage of this Resolu- tion were adopted in an open meeting of this Council, and that all deliberations of this Council and any of its committees that resulted in such formal action were in meetings open to the public in compliance with all legal requirements, including the City's Charter and Codified Ordinances and Section 121.22 of the Ohio. Revised Code. Section 6. This Resolution is hereby declared to be an emer- gency measure necessary for the immediate preservation of the public peace, property, health, safety and welfare in the City for the reasons set forth and defined in the preamble to this Resolution and in Section 3 of this Resolution and, provided it receives the affirmative vote of two-thirds (2/3) of all members elected to Council, this Resolution shall take effect and be in force immediately upon its adoption by the Council and approval by the Mayor; otherwise, it shall take effect and be in force after the earliest period allowed by law. Passed: ~ 1983 //~~i2~~a~~ ~'v~C!/~s~ l~~esident of Council _ erk of Cou cil Approved • , 1983 ~ Mayor -4-