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Resolution No. 635 <br />By Mr, Shaw <br />AN EMEP~GENCY RESOLUTION REQUESTING THE FISCAL OFFICER TO <br />CERTIFY TO COUNCTL HIS CONCLUSIONS AS TO_THE ESTIT~iATED <br />I,IFE,.OF 1'HE Ir%PROVEi~iENTS PROPOSED TO BE CONSTRUCTED FROi~1 <br />THE PROCEEDS. OF BOPdDS PROPOSED TO BE EXECUTED AND ALSO TO <br />CERTIFY THE I~lAXILSCINI _NATURITY OF SUCH BONDS:" IN ACCORDANCE <br />WTTII REVISED CODE SECTION 113.21 ANp TILE MAXINIUD'! MATURITY <br />OF THE NOTE ISSUED IN ANTICIPATION OF SUCH BONDS. <br />WHEREAS, this Council contemplates issuing $37,840.00 bonds, of which <br />$22,600.00 is to be issued for 'the improvement of Ridgebury Boulevard in the <br />Village of Hayfield, Ohio, from the center line of pander Road, which is the <br />Westerly corporate line of the Village of Hayfield, in an Easterly direction <br />approximately 2825.35 feet to the Easterly corporate line of the Village of <br />rYayf field by grading, draining, curbing, paving and constructing curb connec- <br />tions where necessary, together with all necessary appurtenances, and X15,240.00 <br />is to be issued for the improvement of Ridgebury Boulevard in the Village of <br />ylayfield, from t~'ashington Boulevard Easterly to Orchard heights Drive in the <br />City of Mayfield Heights, by the construction of a 12" cast iron water main <br />with curb connections and appurtenances, all of which construction and <br />improvements shall be in accordance with the general plans, specif ications <br />and profiles filed by the County Engineer and approved by the Village Engineer <br />and this Council; and <br />WHEREAS, Sections 133.24 and Sections 133.21 of the Revised Code of Ohio <br />require the fiscal officer of the Village of hayfield to certify to this Council <br />his estimate of the life of the improvements proposed to be constructed from <br />the proceeds of said bonds, and also to certify to this Council the maximum <br />maturity of such bonds in accordance with Section 133.20, including the weighted <br />average of the amounts proposed to be expended for several classes of improvements, <br />and also the maximum maturity of notes issued in anticipation of such bonds. <br />NOW THEREFORE BE IT RESOLVED BY 1'HE COUNCIL OF THE VIZLAGE OF NIAYFIELD, <br />CUYAHOGA COUNTY, OHIO: <br />Sec. 1. That the fiscal officer be, and he is, hereby~~requested to <br />certify to this. Council his conclusions as to the estimated life of the <br />improvements proposed to be constructed from the proceeds of said bonds and <br />also to certify to this Council the maximum maturity of such bonds, calculated <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 declared to be an emergency measure, <br />necessary to complete the legislation for the issue of said notes, and shall <br />talce effect immediately on its adoption as an emergency measure, and is necessary <br />f+~r tt}e i~q~fiediate preservation of the public peace, health and safety. <br />~q,dopted this 15th day of February, 1965 <br />`' O OL 1,0U <br />~.~~ r~ <br />