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ORDINANCE NO. 2008--20 <br />PAGE 4 <br />Section 7. This Ordinance is declared to be an emergency measure necessary for the <br />immediate preservation of the public peace, health and safety of the Village and for the further <br />reason that the immediate effectiveness of this Ordinance is required to provide for the funding for the <br />Public Improvements so that such Improvements may be constructed as quickly as possible, <br />thereby providing immediately necessary public road and other improvements, and thereby <br />permitting the Company's project to be constructed as quickly as possible, in order to provide <br />necessary jobs and employment opportunities and improve the economic welfare of the people and <br />generate vitally needed income tax and payments in lieu of tax revenues; it shall therefore, take <br />effect immediately upon the passage by the affirmative vote of not less than five (5) members <br />elected to Council and approval by the Mayor or otherwise at the earliest time allowed by law. <br />Fimst Reading: May 19 ~ , 2008 <br />Second Reading: ,Tune 16 , 2008 <br />Third Reading: July 21 , 2008 <br />PASSED: July 21 , 2008 <br />APPROVED <br />APPROVED <br />ATTEST: <br />WILLIAM BUCKHOLTZ,\C~ouncil President <br />~~ <br />M Y E. BETSA, Clerk of Council <br />