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xEsoLUTZON No. 330 <br />By_ 4r. Hoplci nS <br />Seconded by Mr. Falk <br />AN EMERGENCY RESOLUTIOrd REQUESTING THE FISCAL OFFICER <br />TQ CERTIE`Y TO COUNCIL HTS CONCZUSIONS AS TO THE ... <br />ESTTMATED I,IFE OF THE ImPROVEIE-NTS PROPOSED TO BE <br />C ONSTRUCTED . 'ROtiiI _ THE PROCEEDS OF _ BOIVDS PROPOSED. TO BE <br />EXECUTED. AI11D _ALSO. TO CERTIFX THE MAXIMUM NIATURITY OF _ <br />SUCH BOND,S SN ACCORl]ANCE.W_I'TH_. REVISED CODE $ECTION _ <br />.. - <br />133..21_AND TIM MAXIMLTM MATURITY tF N4TE _ ISSUED <br />IN ANTICIPATION OF SUCH BONDS. e. . . <br />'MEREAS, this Council contemp].ates issuing $16,000.00 bonds of <br />which a11 of sahich_is proposed to be issued for the improvement of GlenvieUr <br />Roacl from SOM Center Road in 'an Easterly direction to °the Westerly J ine of <br />Beech Hill Road by.the cons-truction and ianstallation of a water main and <br />appurtenances' a11, of which construction and improvement sh.all be in aceordance <br />witn the genesal plans and- specif3cations and profiles heretofore adopted by <br />this Couacil; and - T.rM-REA.S, Sec'cions 133024 and Sections 133.21 of the Revised Code <br />of Ohio require 'tYie Fiscal officer of tn.e Vi1].age of Mayfield to..certify __to <br />this Council his 'estima.te of the life of the improvements proposed to be <br />constructed from the proceeds of said bonds, and aZso to certi.fy to this <br />Council the maximum maturity of such bonds in accordance with Secluion 133,20, <br />including the weighted average of the amounts proposed to be eXpended for <br />several elasses of improvements, and also the maximum maturity of notes <br />issued in anticipation of sucla bonds. <br />NOIFT THEREFORE BE ZT RESOLVED BY THC COUNCIL OF THE jTILLAGE OF <br />MAYFIELD, CIJY-A.HOGA CO LNl'Y OHTO. <br />Sec, lo That the fiscal officer be, and he is, hereby requested <br />to certify ?o t?'?S Council his conclusions as to the estima.ted 7ife of the <br />improvements proposed to be constructed from the proceeds of sai.d bonds and <br />also to certify to this Council the maxi.mum maturity of suah bonds, ca7Jculz.ted <br />in accordance with the provisions of Section 133.20 and the maximum maturity <br />of the notes issued in anticipation of such bonds. <br />Sec. 2. That this resolution is hereby decla.red to be an emergency <br />measure, ned.essary to complete the 7egisl.ation for the issue of said notes9 <br />and sha11 take effect imrnediately on its adoption as an emE:rgency moasura, and is <br />neeessary ior the imniediata preservation of -the pubL-i,c peace, hea].th and safety. <br />Adopted thi.s 16th day of Apri]e, 1956. <br />Attest: Approved <br />- , ?i c?; it?i?'L ? P}' • C? <br />yor - resident of ouncil. . <br />S k-...