5494-80 Print/publish Financial Status Report

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RESOLUTION NO. 5494 BY: Salmon, Wendling, Brown, ~hinnock, Gallagher, Graham, McBride AN EMERGENCY RESOLUTION authorizing the printing, publishing and distribution to the residents of the City, of a FinanciallStatus Report, under the supervision and direction of the Director of Finance. WHEREAS, Article VIII, Section 3 of the Amendedl Charter of the City of Lakewood authorizes the Director of Finance to report as deemed necessary to the public as to the financial status of the City, andl WHEREAS, in view of the fact that the electors Of the City are to vote at the Municipal Election to be held November 4, 1980, on the issue of whether or not the income tax rate of the City should be increased from 1% to 1.5%, and WHEREAS, this Council determines that it would be in the best interests of the City to furnish its residents with a report of the! financial condition of the City so that they may be better informed as to the income tax issue, and WHEREAS, Council is desirous to provide for theiprinting, publishing and distribution of said report from the City of Lakewoodlto the residents of the City, and WHEREAS, such report should be furnished at theiearliest possible time inasmuch as the election relating to the increase in the ~ate of income tax is to be held within thirty (30) days of the date hereof; now, therefore, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That this Council hereby authorizes the printing, publishing and distribution to the residents of the City, of a Finanlcial Status Report, under the supervision and direction of the Director of Finance, which report shall relate the recorded facts in such summaries and schedules in detailed support thereof, as shall show the full effect of such tr!ansactions for the 1981 fiscal year upon the finances of the City, and in reilation to each department of the City, and such other information as'the Director of Finance shall deem appropriate to inform the residents of Lakewood as to the City's current financial status. Section 2. That the Director of Finance is hereby authorized and instructed to mail a copy of the Financial Status Report provided for in Section i hereof to the residents of the City. Section 3. That printing charges, if any, and mailing expenses shall be charged to the "General Fund - Annual Reports" Account; provided, however, said costs shall not exceed $3,500.00 in the aggregate, Which funds are hereby additionally appropriated. Section 4. That this Resolution is hereby decllared 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 adoption and approval by the Mayor. Approved: ~~ Preside?¢~~