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RESOLUTION N0.2005-07 INTRODUCED BY: Mayor Rinker and Council as a Whole AN EMERGENCY RESOLUTION PROVIDING FOR THE CREATION OF THE "CIVIC CENTER FUND" AND AUTHORIZING THE DEPOSIT OF FUNDS INTO SUCH ACCOUNT WHEREAS, it the Village will transfer funds from the General Fund to for the purpose of creating a fund through which to track revenues and expenses related to the operation and maintenance of the Civic Center, it is the desire of Council to set aside monies for the purpose of developing such a fund. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF HAYFIELD VILLAGE, OHIO, THAT: SECITON 1. That there is hereby and herein created a fund to be known as the "Civic Center Fund". The sources of monies deposited into said fund shall be determined by Council from time to time. Expenditures made from this fund will be for the purpose of paying the costs of operating and maintaining the Civic Center. SEC"ITON 2. The Director of Finance is authorized and directed to establish said fund, and to deposit monies therein as indicated by Council, and to make application to the Bureau of Inspection of the State of Ohio for approval of the creation of the Civic Center Fund pursuant to the provisions of Ohio Revised Code Section 5705.12. SECTION 3. The Council finds and determines that all formal actions of the Council relating to the adoption of this Resolution have been taken at open meetings of this Council; and that deliberations of this Council and of its committees, resulting in such formal action, took place in meetings open to the public in compliance with all statutory requirements including the requirements of Section 121.22 of the Ohio Revised Code. SECTION 4, This Resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the health, safety and welfare of the residents of Mayfield Village for the reason that such plan was necessary to encourage orderly development in Mayfield Village. It shall, therefore, take effect immediately upon passage by the affirmative vote of not less than five (5) members elected to Council and approval by the Mayor or otherwise at the earliest time allowed by law. t William Buckholtz Council President