1980 065 Ordinance - Laserfiche WebLink

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after described pursuant to a settlement agreement entered into between the Village and the present owners of said property; now, therefore, BE IT ORDAINED BY THE COUNCIL OF THE VILLAGE OF HAYFIELD VILLAGE, STATE OF OHIO: Section 1. That it is deemed necessary to issue bonds (the "Bonds") of the Village in the aggregate principal amount of One Hundred Thousand Dollars ($100,000.00) for the purpose of providing funds for acquiring certain real property located at 6635 Wilson Mills Road, bearing Permanent Parcel No. 831-15-16, and improving same in anticipation of the expansion of the municipal complex thereon and appurtenances thereto, and the payment of such expenses as are lawfully incurred and payable in connection with the issuance and sale of the Bonds for such purpose. Section 2. _That the_Bonds shall be issued pursuant to the provisions of the Constitution of the State of Ohio, the laws of the State of Ohio, including, without limitation, Chapter 133 of the Revised Code of the State of Ohio, the Charter of Mayfield Village, and the Codified Ordinances of Mayfield Village, Ohio, 1979, as amended, in the aggregate principal amount of One Hundred Thousand Dollars ($100,000.00) for the purpose aforesaid. The Bonds shall be designated "Municipal Complex Site Acquisition Bonds"; shall be of the denomination of One Thousand Dollars ($1,000.00) each or any multiple thereof; shall be dated approximately December 1, 1981; shall bear interest at a rate now estimated to be ten per centum (10%) per annum, payable semiannually until the principal amount is paid; and shall be drawn to mature in twenty-nine (29) substantially equal annual installments after the~~ issuance thereof. -2-