1951 192 Resolution - Laserfiche WebLink

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\ - ReSd.utian Noe 192 By Mr. Crodfa°ey AN EMGENCY RESOPJTTON REQTTESTING THE FISCAL 0FFICER TO C+` TIFY TO COUNCIT, HI5 CONCLU;IONS AS TO.THE..ESTIIJIATED. I,IFE.QF THE IMlPROvENIms PROPOSED TO,BE C4N5TRUGTED,F`RCK THE 3'RGCEEDS. QF BONDS PR(3PASEA T 0 BE I sSUED AND AIS0 _TO CERTIF3f TBE MA)MAUmR .MATURITY OF. SUCH BONDS ,IN ACCORDME WITH.GENERAL CODE SECTTON.2293-30s AND THE MAXMNr Mg„TURITX OF. TI3E 1VOTEe, ISS'UED IrI. gNTICIPATIQN OF.SIJCFi BONDS. VMERElS, thi.s Cmuncil contemplatas issuazae; $106,000.00 of bonds, of whiah $1008840.00 is proposed to be used £or the 3.Wrovam.ent of VYilsota Nins Road flrom the west cox°poratiota 3.3,ne of MayPiold ViIlage easterZy to the vresterly 13ne of EcsYao Drl.va of said Mayfie].d V3.11Qge by the oonstructiala ezd installation of a, water main aizd appua^textanoes; and $5s160.O0 is pxopvsed to be used £or the improvement of S.OoM. Center Road frow :WilESSn Mi11e Road to the IVor°th line of the Mayf'3.eZd Boaad of Eduoation property a.n sa,id Me.yfi6ld V'allage by the installatioix of a wat?i miaiYi and appurtenaneess alY_ of 4rhich constraction and iffiprovemexat wiZl be in acoordance with the gen,eral plans and specifa.catioris arxd paroPiles heretofox°e adopted by tha.s Caoancil, and WWaEASa Secti mns 2293•2 amd 2293-10 of the General Code of Ohi o require the. fiseal ofAcer of the Villa,ge of Mayfield to eerti£y to this Counoa.l his estiraate of the life of the 3.rnprovements px°oposed to bo ooza- stxucted Yrcm the procead.s of sa3.d boncts, and also to certify to this Coulacil i;he maximum maturaty of stac),i bonds an aacordatce with Sectio9n 2293- 9a, itxcluding the wei.ghtecl average of the amoutzts proposed to be expeladed f or said s evora,l c3.asses o£ im,provments, and a1so the ma-dmum ffiaturity a£ notes issued in anticipatitsn of such bondso Nalf, THEREFOREe Be It Resolved by tla,e Counei.l of the Village of Mayfield,, Cuyahoge. County,_ Oha.os Sec. 3.e That the fLscal officer be and he is hereby request€sd to certify to this CcaunciZ has couelusions as to the est3.mated. Iife of the improvemeitts proposad to be constrzcted from the proeeeds of saia nonas and also te certif°y to this Couuc3.l tha naximum ffiaturS.ty of sueh bonda calculated in aoeordoFace with t1e provi.siotxs of Section 2293-9, and the maxi.mum matux°a.iy of the notes issued 3n anta.e3.pation of such bonds. Seea 2a That this resolut3.on is h.exeby d.eclared ta be an emergency measure taecessaz°y to aompl6te the legislataou for the a.ssue of said notes, aiad, sha].1 teke ef°f'ect immediateiy upon a.ts adaptian as aza emerganoy measua°e. Passed this 20tPn day of .Augixsta 1954 A't't88't L j ? MayAr . <?.