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real property located within theCity and immediately transfer title back to the current owner <br />for the purpose of implementing tax increment finance pursuant to Ohio Revised Code Section <br />st <br />5709.41. (1 <br /> read & referred to HPD 3/4/2024) (pg. 103) <br />Motion by President Kepple, seconded by Vice President Shachner, to defer Ordinance 04-2024. <br />All in favor. Motion passed. Ordinance 04-2024 deferred. <br />***NEW BUSINESS*** <br />9.Communication from Law Director Vargo regarding the ratification of Ordinance 2024-06 (pg. <br />106) <br />Discussion:Law Director Vargo noted that the issue at hand represents a purely technical error, <br />lacking any substantive impact. <br />Motion by President Kepple, seconded by Vice President Shachner, to receive and file the <br />communication. All in favor. Motion passed. Communication received and filed. <br />10.ORDINANCE 06-2024 - AN ORDINANCE to take effect immediately provided it receives <br />the affirmative vote of at least five members of Council, or otherwise to take effect and be in <br />force after the earliest period allowed by law, to ratify Ordinance No. 2024-06, AN <br />ORDINANCE to take effect immediately provided it receives the affirmative vote of at least <br />two thirds of the members of Council, or otherwise to take effect and be in force at the earliest <br />period allowed by law, authorizing the Director of Finance to enter into Equipment Leases in <br />forms approved by the Director of Law on behalf of the City of Lakewood (“City”). (pg. 107) <br />Motion by President Kepple, seconded by Vice President Shachner, to substitute Ordinance 06- <br />2024. A roll call vote was conducted as follows: <br />Yea: Baker, Bullock, Kepple, Marx, Rader, Shachner, Strebig <br />Nay: None <br />On the motion: Motion passed. Ordinance 06-2024 substituted. <br />Motion by President Kepple, seconded by Vice President Shachner, to suspend the rules to allow <br />for passage on first reading. <br />A rollcall vote was conducted as follows: <br />Yea: Baker, Bullock, Kepple, Marx, Rader, Shachner, Strebig <br />Nay: None <br />O <br />n the motion: Motion passed. Rules suspended. <br />4 <br /> <br />