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.TAN- 4-95 W ED 1 5? 28 D I EMERTa'7ASSQC - P.03 <br />oROiNANCE NO. 94-55 <br />ISAGT Z'iRO <br />(b) ShouZd the Mayor and birectar of .P'inance <br />determine that proportionate payments throughout the tax year would <br />be mare beneficial to the school district, and capable of beinq <br />Ca2culated and al7.ocated by the administration, then the <br />administrat,ion may make advanced pr4portfanate payments thx4ughaut <br />the tax year at their dxsCretian. <br />(a) Should the difference in the tax witnneld in <br />the liscaZ pear 1992 and tne inaome tax withheld frura the <br />operations at the Progressive Casualty Iasuranca Company 3.n any oee <br />of the fifteen (15) pears provided for hsrein, be less than Four <br />Hundred Fifty Thousand Dollars ($454, 800. 00 ), then r1;o 3.nGomQ tax <br />revenue sharing will ba a12oGated to the Mayfield School Diatrfct. <br />SECTZON a. That a aertified rsopp af this otda.nance shall be <br />diracted to the Superintendent of Schools, and to the Board of <br />Bduoation for the May£ield School Digtxict. <br />sEC The Cnunail finds and cletermines that all formal <br />aetions of this Counafi relating to the adoption of this Ordinance <br />have been talcen at open meetings of this Council= and that <br />deliberations of thia Council and af its committees, resuXting in <br />auch faxmal action, t4ak place in meetings open to the public in <br />compliance with all statutory requirements l.naluding the <br />requirements af Section 121.22 of the Ohio Revised CQde. <br />SECT=bN 4. This Ordinance shaZl become effective upon its <br />adopt3on by Cauncil and signature by the Mayor or as may otherwise <br />be provided for in law. <br />JQ CINCO, <br />-- Cottnoi Presideht <br />First Reading : P'E c • 19 11 , ? ? <br />Second Reading: ar?N ? <br />. E_l. a.'S, e?dea <br />Third Reading: , 199? <br />PASSED: , 199?'S <br />DATE: <br />BRUCE RINKER, Mayar <br />APPRbV.Eb AS TO FORM: <br />070SEF'H W. DIEMSRT, JR. <br />Directar o# Law <br />ATTESTi <br />DQNNA J. HBATH <br />Glerk of council