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RESOLUTION NO. 95-21 <br />INTRODUCED BY: Mayor Rinker and Council as a Whole <br />A RESOLUTION <br />AUTHORIZING THE MAYOR TO SEEK FINANCIAL ASSISTANCE <br />FROM THE STATE ISSUE 2 INFRASTRUCTURE FUNDS FOR THE FIRST YEAR'S <br />CAPITALIZED INTEREST ON THE WORTON PARK SANITARY SEWER IMPROVEMENT <br />WHEREAS, pursuant to Article VII, Section 2K of the Ohio <br />Constitution, the State of Ohio is authorized to issue bonds and <br />other obligations of the State for the purpose of financing public <br />infrastructure capital improvements of political subdivisions as <br />designated by law; and <br />WHEREAS, pursuant to Section 164006 of the Ohio Revised Code, <br />the District One Public. Works Integrating Committee has been <br />created to accept, evaluate and recommend applications for state <br />financing of capital infrastructure improvement projects of <br />political subdivisions in Cuyahoga County; and <br />WHEREAS, pursuant to Section 164.05 of the Ohio Revised Code, <br />the Ohio Public Works Commission has been created to accept and <br />approve applications for state financing of capital infrastructure <br />improvement projects of political subdivisions in Cuyahoga County; <br />and <br />WHEREAS, the Village has embarked on an expansive sanitary <br />sewer improvement program in the Worton Park area of the Village, <br />and is seeking Issue 2 fund assistance as and for the first year's <br />capitalized interest for the project. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF MAYFIELD <br />VILLAGE, OHIO, THAT: <br />SECTION 1. That the Mayor is hereby authorized to apply to <br />the District One Public Works Integrating Committee and the Ohio <br />Public Works Commission for financial assistance for the first <br />year's capitalized interest on the Worton Park sanitary sewer <br />proj ect . <br />SECTION 2. That the Mayor is further authorized to enter into <br />any agreements as may be necessary and appropriate for obtaining <br />this financial assistance, as approved as to form by the Village <br />Law Director, and in accordance with all authority granted to and <br />limitations upon the Village Director of Finance. <br />SECTION 3. This Resolution shall become effective upon its <br />adoption by Council and by signature of the Mayor or as may <br />otherwise be provided for by law. <br />MAi?K FIXL , <br />Council President