8816-15 Authorize $676,500 loan with OPWC for Watermain Replacement Project

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RESOLUTIONNO. 8816 -15 BY: Anderson, Bullock, Juris, Madigan, Marx, Nowlin, O'Leary. A RESOLUTION to take effect immediately provided it receives the vote of at least five members of Council, or otherwise to take effect at the earliest period allowed by law, authorizing the Director of Public Works to enter into an agreement for a loan with the Ohio Public Works Commission for the 2016 Watermain Replacement Project in the amount of $676,500. WHEREAS, the city of Lakewood is eligible for a no interest 20 -year loan from the Ohio Public Works Commission for the 2016 Watermain Replacement Project; and WHEREAS, the project will include Alameda Avenue (Detroit to Franklin), Lakeland Avenue (Madison to Athens), Morrison (Madison to Athens) and Robinwood (Madison to Lakewood High School); and WHEREAS, this Council by a vote of at least five of its members determines that this resolution is an emergency measure and that it shall take effect at the earliest date possible as set forth in Article III, Sections 10 and 13 of the Second Amended Charter of the City of Lakewood and that it is necessary for the immediate preservation of the public property, health, and safety and to provide for the usual daily operation of municipal departments in that the City wishes to move forward with this agreement immediately as design work is already underway that quali- fies for reimbursement under the loan; now, therefore, BE IT RESOLVED BY THE CITY OF LAKEWOOD, OHIO: Section 1. The Director of Public Works is authorized to enter into an agreement for a loan with the Ohio Public Works Commission for the 2016 Watermain Replacement Project in the amount of $676,500, the agreement being attached hereto as Exhibit A. Section 2. It is found and determined that all formal actions of this Council concerning and relating to the passage of this resolution were adopted in an open meeting of this council, and that all such deliberations of this Council and any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements. Section 3. This resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, property, health, safety and welfare in the City and for the usual daily operation of the City for the reasons set forth and defined in the preamble to this resolution, and provided it receives the affirmative vote of at least five members of Coun- cil this resolution shall take effect and be in force immediately upon its adoption by the Council and approval by the Mayor, or otherwise it shall take effect and be in force after the earliest peri- od allowed by law.