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ON FIRST READING JUNE 16, 1980 AND ON <br />SECONDIREADING, AS AMENDED, ON JULY 7. <br />1980. SUBSTITUTE RESOLUTION REFLECTS <br />SAID:AMENDMENT. <br /> <br />RESOLUTION NO. 5477 <br /> <br />BY: Chinnock, Gallagher, Graham, <br /> ~cBride, Salmon, Wendling, <br /> Brown <br /> <br /> AN EMERGENCY RESOLUTION declaring the necessitylof an election on <br />the question of approving the passage of an ordinance amending Sections 128.0501, <br />128.1302, 128.0502 and 128.1902 of Chapter 128'of the Administrative Code of <br />the Codified Ordinances of the City of Lakewood in order Ko increase the rate of <br />municipal income tax from 1% to 1.5% per annum, effectivel January 1, 1981, for the <br />purpose of providing funds for general municipal servicesl. <br /> <br /> WHEREAS, the financial situation of the City oflLakewood warrants the <br />enactment by the voters of additional municipal income tax so that the City may <br />be able to meet its increasing operations and continue tolprovide proper services <br />to citizens, and <br /> <br /> WHEREAS, pursuant to Section 718.01 of the Ohiol Revised Code, it is <br />necessary to submit to the electors at the General Electibn to be held on the <br />4th day of November, 1980, the question of increasing thelrate of municipal <br />income tax for the City of Lakewood from 1% to 1.5% per annum, ~ffective January 1, <br />1981, for the purpose of providing funds for general municipal services, and <br /> <br /> WHEREAS, this resolution consititutes an emergency measure providing <br />for the usual daily operation of a municipal department and for the further reason <br />for the inraediate preservation of the public peace, property, health; safety and <br />welfare of the City and for the further eason that the immediate effectiveness <br />of this resolution is necessary to provide funds in orderl to adequately carry out <br />necessary municipal functions, to meet increasing operatihg costs, to prevent the <br />City from incurring a deficit, to prevent the credit ratihg of the City from <br />being impaired and to permit the City to meet other financial obligations; now, <br />therefore, <br /> <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LA!KEWOOD, STATE OF OHIO: <br /> <br /> Section 1. That this Council hereby authorizesl and directs the <br />submission to the electors of the City of Lakewood, Ohio,, at an election to be <br />held at the usual places of voting in said City on Tuesday, November 4, 1980, <br />between the hours of 6:30 a.m. to 7:30 p.m. of said day, ~f the question of <br />approving the passage of an ordinance to maned Sections 1128.0501, 128.1302, <br />I28.0502 and 128.1902 of Chapter 128 of the Administrativ~ Code of the Codified <br />Ordinances of the City of Lakewood as established by Ordilnance 73-71 adopted <br />December 20, 1971, Ordinance 6-75 adopted March 3, 1975 aind Ordinance 34-67 <br />adopted June 19, 1967. <br /> <br /> Section 2. That the proposed ordinance to be siubmitted to the electors <br />of the City for their approval hereunder shall be as folllows: <br /> <br />ORDINANCE NO. 43-80 DY: <br /> <br /> AN EMERGENCY ORDINANCE to anmmd S~cttorm 128.0501, 128.1302, 128.0502 <br />and 128.1902 of Chapter 128 of the Administrative Code of the Codified Ordinances <br />of the City of Lakewood to increase the rate of municipal income tax from 1% to <br />1.5~ per annum, effective January 1, 1981, for the purpose of ~roviding funds <br />for general municipal services. <br /> <br /> WHEREAS, the financial situation of the City of LakeWood warrants the <br />enactment by the voters of additional municipal income tax so qhat the City may <br />be able to meet its increasing operations and continue to provide proper services <br />to citizens, and <br /> <br /> WHEREAS, this ordinance constitutes an emergency measure providing for <br />the usual daily operation of a municipal department and for the further reason <br />for the intmediate preservation of the public peace, property, ~ealth, safety and <br />~elfareof the City and for the further reason that the immediate effectiveness <br />of this ordinance is necessary to provide funds in order to adequately carry out <br />necessary municipal functions, to meet increasing operating costs, to prevent the <br />City fr(~n incurring a deficit, to prevent the credit rating oflthe City from <br />being impaired and to permit the City to meet other financial Obligations; now, <br />therefore, <br /> <br /> BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOB, STATE OF OHIO: <br /> <br /> Section 1. That subject to the approval of the electors of the City of <br />Lakewood as provided in Section 718.01 of the Ohio Revised Cod~, Section 128.0501 <br />of Chapter 128 of the Administrative Code of the Codified Ordinances now reading <br />as follows: <br /> <br /> <br />