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RESOLUTION NO. 5254 <br /> <br />BY: Messrs. Magnotto, MtBride, Salmon, <br /> Si~agra, Usher~ Brockman <br /> <br /> AN EMERGENCY RESOLUTION authorizing the Director Of Law of the City Of <br />hakewood to form anon-profit corporation to advance, encourage and promote ~he <br />industrial, economic, commercial and Civic development of the City of Lakewood, <br />Ohio to be known as the Community Improvement Corporation of Lakewood, Ohio. <br /> <br /> WHEREAS, the Council of the City Of Lakewood has determined that it is <br />necessary and proper and in the best interests of the, City of Lakewood and its <br />citizens that a non-profit corporation be formed to advance, encourage and promote <br />industrial, economic, commercial and civic development of the City of Lakewood, Ohio, <br />and <br /> <br /> WHEREAS, this Resolution constitutes an emergency measure in that it <br />provides for the immediate preservation Of the public safety a~d welfare and for <br />the usual daily operation of a municipal department and for the reason that it is <br />imperative that a non-profit corporation be formed without delay so that the program <br />to develop the City of Lakewood, Ohio within the purpose of the corporation be <br />commenced forthwith; now, therefore, <br /> <br /> BE IT RESOLVED BY T}~ COUNCIL OF TEE CITY OF LAKEWOOD, STATE OF 0HIO: <br /> <br /> Section 1~ That the Director of Law be and he is hereby authorized to <br />form a non-profit corporation pursuant to the Statutes of the State of Ohio, said <br />corporation to be known as the Co~unity Improvement Corporation of Lalewood, Ohio. <br /> <br /> Section 2. That to effect the formation of such corporation, the Director <br />of Law be and he is hereby authorized to file with the Secretary of the State of <br />Ohio the Articles of Incorporation of Connnunity Improvement Corporation of Lakewood, <br />Ohio in the form attached hereto. <br /> <br /> Section 3. That this Resolution is hereby declared to be an emergency <br />measure for the reasons Stated in the preamble hereof and provided it receives the <br />affirmative vote of two-thirds of ail members elected to Council,~ it shall take <br />effect and be in force immediately upon its adoption and approval by the Mayor; <br />otherwise it shall take effect and be in force from and after the eJrliest period <br />ailowed by law. <br /> <br />Cle~ <br /> <br />Mayor <br /> <br /> <br />