3718 - 56 Certify max maturity - madison pool & bldg bonds

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RESOLUTION NO. 3718 BY Mr. Gaydes AN EMERGENCY RESOLUTION requesting the Director of Finance to certify to this Council the maximmm maturity ef bonds in the amount of two humdred fifty thousand dollars proposed to be issued as hereinafter provided for the construction and the equipment, fmrniture, furnishings and apparatus of a fireproof public swimming pool and service building at Madmson Park, and his estimate of the life of permanent improvements proposed to be constructed from the proceeds ef said bonds. WHEREAS, This Council contemplates submitting to the electors ef the City of Lakeweod the question of issuing the bonds morepartie- ularly hereinafter described in Section I hereof; and WHEREAS, Sections 133.21 and 133.2~ of the Revised Code pro-u vide that before any resolution, ordinance, or other measure providing for the issuance ef bonds is passed er adopted, the fiscal officer shall certify to the bond-issuing authority the maximum maturity of such bonds calculated in accordance with the previsions ef Section 133.20 of the Revised Code including the weighted average ef the amounts proposed to be expended for the several classes of the improvements and, also, that the fiscal officer shall certify the estimated life ef the asset, property, construction or permanent improvements proposed to be acquired, constructed, improved, extended, er enlarged from the proceeds of said bonds; amd WHEREAS, The Director of Finance is the fiscal officer of the City of Lakewood, as defined in Section 133o01 ef the Revised Code; and WHEREAS, This resolution constttutes an emergency for the rea- sons that this Council desmres to submmt the question to the electors at the election to be held November 6, 1956, that Revised Code Section 133.09 requtres the taxing authoripy to certify t~e resolution, passed and containing provisions as in samd section provided, to th? County Auditor at least 110 days prior to the election at which it ms desmred to submit such question and that it provides for the public health, welfare, and safety and the usual daily operation of a municipal de- partment; now, therefore, 0HIe: BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF Section 1. That the Director of Finance be, and he is hereby, requested to certify to this Council the maximum maturity of bonds in the amount of two hundred fifty thousand dollars, the proceeds whereof it is proposed to use two hundred twenty thousand dollars for the con- struction of a fireproof public swimming pool and service building and to use thirty thousand dollars for equipment, furniture, furnishings and apparatus in equipping said swimming pool and service building. Section 2. This resolution is hereby declared to be an emergency measure for the reasons stated in the preamble hereof and, provided it receives the affirmative vote of two-thirds of all members elected to Council, it shall take effect and be in force immediately upon its a- doption. Adopted: July 2, 1956 Thomas C. Ward President H. Ao Rees Approved: July ~, 1956 Clerk Frank Po Celeste Mayer