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RESOLUTION No. ' ~ 5 <br />BY : I'IR._~ ~ ~ ~ Gtl <br />A RESOLUTION REQUESTING THE CLERK-TREASURER TO CERTIFY <br />TO COUNCIL THE ESTIIYIATED LIFE OF THE PROPERTY AND <br />IMPROVEMENTS FOR TdHICH VOTED BONDS AP.E TO BE ISSUED IN <br />THE SUM OF $100,000.00 AND THE MAXIrNM MATURITY OF SAID <br />BONDS FOR THE PURPOSE OF PAYING TIIE COST OF P.ECONSTRUCTIrIG <br />AND EQUIPPING THE VILLAGE HALL HITHERTO DAMGED BY FIP,E <br />WIiET2EAS, Council of the Village of Mayfield contemplates issuing <br />$100,000.00 of bonds for the purpose of paying the cost of reconstructing and <br />equipping the Village Hall hitherto damaged by fire. <br />NO[d, TI~~REFORE, BE IT RESOLVED BY THE COUNCIL OF T1iE VILLAGE OF HAYFIELD, <br />CUYAHOGA COUNTY, OHIO, THAT: <br />Section 1. The Clerlc-Treasurer of the Village of Mayfield is hereby <br />requested to certify to this Coun cil his estimate of the life of usefulness of the <br />improvement described above and the maximum maturity of. bonds to be issued therefor <br />calculated in accordance with the provisions of Section 133.20 of the Ohio Revised <br />Code, and based on the following: <br />(a) $75,000.00 for the purpose of reconstructing the Village Hall; <br />(b) $25,000.00 for the purpose of equipping the Village Hall; <br />Section 2. This Resolution is hereby declared to be an emergency measure, <br />necessary to complete the legislation for the issue of said bonds in order to obtain <br />said needed improvements, and shall take effect immediately upon its adoption as an <br />emergency measure, for the immediate preservation of the public peace, health, safety <br />and ~,relfare of the Village of Mayfield and its inhabitants. <br />Adopted this 16th day of November, 1970. <br />ATTEST: ~ <br />' ,,~/~ <br />(SEAL) CLERIC-TREASURE R <br />~ ~~ <br />~f <br />-° -r>~OR-PRESIDENT OF COUNCIL <br />~ ~. <br />