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RESOLUTION No. 658 <br />By NIr. Shaw <br />AN EMERGENCY RESOLUTION REQUESTING THE FISCAL OFFICER TO <br />CE12TIti'Y 2'0 COUNCIL 1IIS CONCLUSIONS AS TO THE ESTIMATED. <br />LIFE OF THE 1-I.~.~PROVEZ~IENTS PROPOSED TO BE CONSTRUCTED. FR~1 <br />THE PROCEEDS_OF BONDS PROPOSED TO BE EIECUTED AND ALSO TO <br />CERTIFY THE NIA<>Il`lUI~I MATURITY OF SUCH BONDS. IN ACCORDANCE <br />6~ITH .REVISED CODE SECTION 113.21 AND THE i~4A.XIMUP'I MATURITY <br />OF THE NOTE_ISSUED IN ANTICIPATION OF SUCH BONDS. <br />~ti71iEREAS, this Council contemplates issuing $94,450.OObonds, to be <br />issued for the improvement of G?orton Parlc Drive , from Hemingway Road to South <br />U7oodlane Drive, North ~1loodlane' Drive from 1~TOrton Park Drive to Tf7oodlane Drive, <br />Pdorman Lane from Norton Park Drive to~ T,~oodlane Drive, South "v7oodlane Drive from <br />k7oodlane Drive to its Easterly terminus, and I~7oodlane Drive from North 6loodlane <br />Drive to South Woodlane Drive, by grading, draining and paving with asphaltic <br />materials, together with.all necessary appurtenances, all of which construction <br />and improvements shall be in accordance with the general plans, specifications <br />and profiles filed by the Village Engineer with this Council; and <br />T;IHEREAS, Sections 133.24 and Sections 133.21 of the Revised Code of Ohio <br />require the fiscal officer of the Village of Mayfield 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 caeighted <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 />NOGl THEI:EFORE BE IT RESOLVED BY THE COUNCIL OF THE VILLAGE OF I~IAYFIELD, <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 <br />measure, necessary to complete the legislation for the issue of said notes, <br />and shall take effect immediately on its adoption as an emergency measure, and <br />is necessary for the immediate preservation of the public peace, healty and <br />s of ety . <br />Adopted this 16th day of August, 1965. <br />Attest: (/~ <br />. ~~ ilayor - President of Council <br />,"~? _ _. <br />(SEAL) ____ Clerlc <br />