2014 025 Resolution - Laserfiche WebLink

Home Browse Search

I, Deborah Garbo, Acting Clerk of Council of Mayfield Village, Ohio, hereby certify that the foregoing is a true copy of Resolution No. 2014-25, passed by Mayfield Village Council at a Special Meeting held on August 6, 2014. Deborah G bo, Acting Clerk of Council RESOLUTION N0.2014-25 INTRODUCED BY: Mayor Bruce G. Rinker and Council as a Whole AN EMERGENCY RESOLUTION DECLARING THE NECESSITY OF RENEWING BY LEVY A TAX IN EXCESS OF THE 10-MILL LIMITATION AND SUBMITTING THE SAME TO THE ELECTORATE OF HAYFIELD VILLAGE, OHIO. WHEREAS, the Council of the Village passed Resolution 2014-22 on August 4, 2014, and received on August 5th, 2014 from the Cuyahoga County Fiscal Officer certification of the current tax valuation of the subdivision and the amount of revenue that would be produced by the 2.3-mill renewal levy in excess of the ten-mill limitation for current expense purposes pursuant to Division A of Section 5705.19 of the Revised Code; and WHEREAS, the Council of the Village has determined that the amount of taxes which may be raised with the ten-mill limitation will be insufficient to provide an adequate amount for the necessary requirements of the Village and that it is necessary to levy a tax in excess of that limitation for the purpose of current expenses; and WHEREAS, the Council has deemed it to be in the best interest of the municipality to renew the levy of a 2.3 mills tax for an additional period of five (5) years for the payment of current expenses; and WHEREAS, based upon this Resolution, Resolution No. 2014-19 passed July 21, 2014, and Resolution No. 2014-23 passed August 4th, 2014, are no longer deemed necessary and shall be repealed and rescinded. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF HAYFIELD VILLAGE, OHIO, THAT: SECTION 1. It is hereby declared that the amount of taxes that maybe raised by the levy of taxes within the ten-mill limitation, to wit: Section 5705.02 of the Revised Code of Ohio, by levies on the taxable property in the Village will be insufficient to provide an adequate amount for the necessary requirements of said Village and it is necessary for the purpose of providing for funds for current expenses to seek a renewal of a 2.3 mill existing tax levy. SECTION 2. It is hereby declared necessary to seek a renewal of a 2.3 mill existing tax levy, in excess of the ten-mill limitation for the benefit of Mayfield Village for the purpose of paying current expenses as authorized in Division A of Section 5705.19 of the Revised Code at a rate not to exceed 2.3 mills for each $1.00 of valuation, which amounts to Twenty-Three Cents ($.23) for each One Hundred Dollars ($100.00) of valuation, for a period of five (5) years beginning with the tax duplicate year 2015, first due in Calendar year 2016 for placement on the November 4, 2014 ballot.