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<br />RESOLUTION NO' 779988.05 <br />799<.:;·,·05 <br /> <br />BY: Corrigan, Demro. Dever, Dunn, FitzGerald <br />Madigan. Seelíe. <br /> <br />A RESOLUTION in support of the renewal of the State Capital Improvements Program (Issue2) <br /> <br />WHEREAS, the State Capital Improvements Program was created in 1987 following the passage of <br />State Issue 2 which amended Section 2k, Article VIll of the Ohio Constitution to permit the State to use its <br />generaÌ.fund as a revenue stream to support debt and issue up to $120 million in bonds each year to provide <br />financial assistance to local communities to improve their basic infrastructure; and, <br /> <br />WHEREAS, the legislature created the Ohio Public Works Commission to distribute the proceeds of <br />the bonds and established nineteen local District Public Works Integrating Committees to recommend <br />projectS to the Ohio Public Works Commission for funding; and, <br /> <br />WHEREAS, in 1995, Ohio voters approved an amendment to Section M, Article VIll of the Ohio <br />Constitution to fe-authorize the State Capital Improvements Program for another ten years; and, <br /> <br />WHEREAS, the State Capital Improvements Program has greatly improved the local inITastructure <br />around the State by distributing nearly $2.3 billion in financial assistaÍ1ce; and, <br /> <br />f)'WHEREAS, since its inception the State Capital Improvements Program ha~ provided more than <br />$450 rþillion to Cuyahoga County local governments to improve more than $800 million in local <br />infrastructure; and, <br /> <br />WHEREAS, resolutions have been introduced in the Ohio House of ReprJsentatives and the Ohio <br />Senate to extend the State Capital Improvements Program for another ten years permitting bonding authority <br />fòr $120 million aunually; and, <br /> <br />"WHEREAS, the State Capital Improvements Program is a critical funding source for local <br />communities by providing needed assistance to repair and rehabilitate infrastructure; the physical framework <br />that supports and sustains economic activity, and provides needed jobs in the construction related industries <br />Now therefore; <br /> <br />BE IT RESOLVED, BY THE CITY OF LAKEWOOD, STATE OF OHIO' <br /> <br />Section I That the City of Lakewood considers the improvement of the State's infrastructUre to be a <br />priority and supports the renewal of the State Capital Improvements Program for another ten years and to <br />issue $120 million in bonds annually <br /> <br />: Section 2. The Clerk of Council is hereby directed to forward certified copies of this Resolution <br />immediately upon passage and approval to Governor Bob Taft, Speaker of the House John Husted, Senate <br />President Bill Harris, W. Laurence Bicking, Director of Ohio Public Works Commission and Robert C <br />Kaliber, P E, P S , Cuyahoga County Engineer and the chair of the District One Public Works Integrating <br />Committee. <br /> <br />'~ection 3 It is found and determined that all formal actions of this Council'concerning and relating <br />to this Resolution were adopted in ail open meeting of this Council, and that all deliberations of this Council <br />and of any of its committees that resulted in such formal actions were in meetings open to the public in <br />compliance with all legal requirements. <br /> <br />Adopted: Î"1-~ / ( 20 (! ç <br /> <br />~-4 <br /> <br />President <br /> <br />7 <br /> <br />Approved: ¡1t1 ^1 <br /> <br />{7; ~ÒÔŠ <br />, <br /> <br /> <br />fI8r/¡/r;, <br />