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MsoLtrrzoN No. 361 <br />, - _By _Mr. 11edler <br />? A RESOLUPION AUTHORIZING LE'AOY ROBLEY aND PAFM)M <br />' CONSTRWTSOPt C0. -T0:WITHDRAW A_PORTIODT CJF _ESCROW FUND6 <br />BE I'r ORDAINED BY THE COUNCTL QF THE FILIAGE CF MAYFIELD, CtJYAHOGA CUUN'1'Y <br />:OHI4, TUT:,_ ,, . . . . .._ _ .. _ .. _ _ . .. _ . - : ----- , - •.---- - <br />WHEAEAS, the- Counci7; of the Vi]lage of Ntayfield, Ohi.o, by <br />ResolLtion No. 319, adopted Ja,iiuary Ib, 1956, appioeed the final plan of <br />Robley Subdivz,sion No, l of part of Original Sublots Nos. 37 ? and 473 upon <br />the deposit of the owners of sa.i.d proposed allotmeiit of certain funds i.n <br />a speeial Escrow Account 5.n the Society For Sav3ugsr in the City of Cleveland, <br />to equa]. 100% of the est3m?.tes made by the V3.llage Eragineerr of the eost <br />of ma.king a7.l arnprovements requix°ed by the Ordinances "of this gil7.a.ge; and <br />WEREAS, all.improvements have been eompleted except paving of <br />the streets a.ncl tlie cwners of said a73otment have e?loyed a contractor to <br />pave said streets ? and the satne have been partia.lly comp7 eted arid the amount <br />of $7475.00 has been pai.d to the eontractor on account; a.n.d <br />IMREAS,.tpie estimated cost of cornpleting said pavi.ng coatract <br />' is $7500.00 and the owners of said, allotment have on deposit ia said escrow <br />account the siam of appro?cimately S19,000,00 and Council, deeto.s the sum of <br />; $15.,000.00 sufiieaemt to secure the Village an eonnection with the making <br />? of said pavement i.mprovements. _. ' <br />, <br />' NOW THr'WORE BE IT RESOLVED B'Y THE COUNCIL QF THE VILIsAGE (3F <br />` MA,YFIELD, OHIO, . THAT;? <br />; _ ; ,' • ._.. <br />--.-- •_. <br />; See. ?:LeRoy Robley and Parkdale.Constriictioa Company are <br />' authorized to.withdraw from the Escrow Accoun.t in the Society for Savings <br />in the C3.ty of Clsveland.' hitherto establi.shed as .security for improvements <br />ixi said proposed Robley Subclivision No• 1, a]1 but $152'000.00 of the amount <br />in said accotmt. __The remaaning $15,000.00 shall remain as securit;? for the <br />mal?ang of said improvements; aecoreling to the escrour instructions iri <br />? connection with said account. - <br />Sec,- 2. The Clerk is hereby authoxi.zecl to tra.nsmit a cert3.fied <br />i copy of this solution_to the Soeiety for Savings in the City of Cleveland. <br />Sec. 3. TThis Resolution is hereby determined to be an emergency <br />measure, necessary for the iminediate preservation of the pub7.ie peace, health, <br />safety and wel,fare of the Village of Ma,yfield9 anci said Resolution shall be <br />3n foree and go into effeet from a,nd -after the date of its aetoption. <br />Adopted thi.s 26th day of December, 1956• <br />Attest: <br />Mayor-- esident-of- ouncil.-. <br />• ? . .. _ <br />r <br />I