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1959 450 Resolution
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1959 450 Resolution
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Last modified
11/19/2018 3:49:41 PM
Creation date
7/25/2018 9:32:52 AM
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Legislation-Meeting Minutes
Document Type
Resolution
Number
450
Date
6/15/1959
Year
1959
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' FMoLuTIolq NoQ 450 <br />? By-.Mrum Brown <br />AN IIMGEIVCY RE50LUTTON RFAU-HISTTNG TIE FISCAL OFF2CER <br />TO CERTIFY TO COUNCIL HIS CONCLIISI0NS kS . T0 TI-IE _., ._ <br />F6T1M3,TID ZIFE OF TKE IMEROVY&SENTS PROPOSED TO _ BE <br />' CONSTRUCTED.EROTA.THL PROCEEDS OF.BONDS T'ROPOSEA, TO <br />; BE EXECUTED AM AL50 TO GMTIFY ^1HE Mk1XINt[JN! MATURITY <br />; OF SUCH BONDS IN ACCORDANCE.11ITH.REVl"SED CODE SECTTON <br />; 133121. AND THE _ I4,aIMUM,NATTRITY. OF THE NOTE. ISSUED _ <br />SN AI1T^lICTP.&TION OF _ SUCH BONDS. . . . <br />' WHEREA5, °tYri.s Caru.ncil corxtempl.ates issuing $34,955-00 of bonds, <br />of which $L, 059 a 70 3.s propos ed to - be us ed f or the improvement of S erieca - <br />' Road in the Village of Rlayfiel.d' Oha.o, from SOX Ceriter Road an an Fasterl,y <br />' cv.rection to the Westerly Iine of _Beech HiI.l ftoad by grading' ditching <br />and pav3.rg wi-th asphalti.c materials; and $10,881028 is propmsed to be used <br />for the improvement of Gleimiew Road in the Vi.] -lage of Mayfield9 Ohio' from <br />SON! Center Road in an Lasterl.y dix^ect,ion to the Westerly 13.ne of Beech Hi7.3. <br />Road by gradino, d3.tchhi.ng and pavino ww1..ti.i asphaltie ma-F,erials; ancl $13?014*02 <br />' is proposed to be used fox° the itnprove.ment _of Boxin3:ev3ew Road in the. Vi]lage <br />of Mayfie].d., Ohio' from SOM Center Road, in an Easteray direetion to the <br />Westerly line of Beeeh Hil7. ?8oad by grading., ditchiwg and pav3-ng wif,h <br />; asphal.tic materialsa all of which constmc°G3.on and irnprogement wz7.l be ien <br />aceorclance with fahe general plaris and specgfication and profil.es heretofore <br />; adopted by this Counci7.; and <br />WHRUAS' Sections 133.24 and 133.21 0f the Rev3sed Cod.e of Qhio <br />require the. fiscal officer of the Village of Mayfa,eld to certi£y to this <br />Counci]. h3.s es°timate of the life of the improvement proposed to be <br />constructed frcym the prvcEeds of said bonds' and a].so to aertify to this <br />Council the maximum maturity of such bonds in accardance with Section 133.209 <br />including the weighted average of the amounts proposed to be expended for <br />several classes of improvements9 and a].so tYi.e maxinnzm maturity of notes <br />issued in antticipation of such bonds. <br />NOW THEEtIFORE BE 2T RESOT,VE'D. BY TIE COUNCIL OF THE VILT,AGE Or <br />MAYFIEU, CUY.kHOGA COUN'I`Y' OHIOs <br />Sec. 1m That the fiscal offi.cer be, and he is hereby requested <br />to aertifi to this. Coune3l his conc].usions as to -the estimated 7a.fe of the <br />improQement,s proposed to be eon?tructed from the proceeds of said bond5 <br />and als o to cert,ify to this Council the maximum maturity of such bonds 9 <br />calculat.ed 3.n accordance with the proFisions of Section 13%020 arid the <br />maximum matur3ty of the notes 3.ssued in ant3.cipats.on of such bond.so
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