Laserfiche WebLink
RESOLUTION No. 594 <br />By Mr. Shaw <br />A RESOLUTION DETERMINING TO PROCEED WITH THE SUBMISSION <br />TO THE.. ELECTORS . OF THE VILLAGE OF HAYFIELD., OHIO , _ AT .THE <br />HAY,5, 1964, SPECIAL.ELEGTTON, THE 4UESTION OF.ISSUING. <br />BONDS FOR THE PURPOSE OF P,AYING.'PHE VTLZaAGE~S.,PORTION <br />.. __ <br />OF THE__COST.OF IMPROVING THE WATER SYSTEM OF THE VILLAGE <br />BY CONSTRUCTING.WATER.MAINS TOGETHEP. WITH THE NECESSARY <br />... _ ~ .. <br />APPURTENANCES THERETO. <br />WHEREAS, the Council of the Village of Mayfield, Cuyahoga County, <br />Ohio, duly adopted a Resolution on the 16th day of December, 1963, providing <br />for the submission to the electors of the Village of Mayfield, Ohio, at the <br />special election to be held on Primary election day, May 5, 1964, the question <br />of the issuance of bonds in the sum of Twenty-Five Thousand ($25,000.00) Dollars <br />for the purpose of paying the Villages:portion of the cost of improving the <br />water system of the Village by. constructing water mains together with the <br />necessary appurtenances thereto, and the levying of a tax to provide for <br />the payment thereof; and <br />WHEREAS, the County ,Auditor of Cuyahoga County Ohio has certif ied <br />to this Council that, in accordance with his calculation, the average annual <br />levy throughout the life of such bonds ( 20 years) which will be required <br />to pay the interest on and retire such bonds, assuming that they are all <br />issued in one series, and that the amount of the tax list of said Village <br />remains the same throughout the life of said bonds as the amount of the <br />tax lists for the current year, is.2224 mills for each dollar of valuation, <br />which amounts to 2.224 cents for each One Hundred Dollars of valuation. <br />NOW THEREFORE BE IT RESOLVED BY THE COUNCII~ OF THE VILLAGE OF <br />HAYFIELD, CUXAHOGA COUNTY, STATE OF OHIO, THAT: ,. <br />. Sec. 1. This Council proceed with the issuance of said bonds and <br />that the Clerk be, and hereby is, directed to certify to the Board of Elections <br />in Cuyahoga County the resolution of this Council calling such election herein- <br />above ref erred to, together with~th.e amount of the average tax levy estimated <br />by said County Auditor and the maximum number of years to retire said bonds, <br />namely, 20 years, and to give notice of said election in accordance with <br />Section 133.11 of the Revised Code of Ohio. <br />Adopted this 20th day of January, 1964. <br />Attest :~~ ~1~`~ _ "li U 1 ° ~~E~ <br />ll 'y° Mayor - President of Council <br />(SEAL) ~----'C1~ k--~ <br />