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<br />August 3~, aooo <br />To: Joseph W. Diemert, Law Director <br />From: Phil Bret <br />Reference: Resolution for possible advances in conjunction with the S.O.M. Center Road <br />Project and the $700,000 interest free Loan <br />cc: Mayor Bruce Rinker <br />Council President 1Vlarquazdt <br />All Members of Council <br />Please find attached a copy of a sample resolution put out from the Ohio Public Works <br />Commission in conjunction with its loan program. In all likelihood, the Village will be <br />paying contractors directly and then seeking reimbursement from the Ohio Public Works <br />Commission. Consequently, we will need to advance or transfer money to the S.O.M. <br />Center Road Project. The Village will need to pass a resolution declaring official intent <br />to do so in order to comply with IRS regulations faced by the State of Ohio. Would you <br />please draft a resolution for consideration by Council. I have penned in the changes to <br />the resolution and they aze summarized below: <br />1. The name of the Local Government is Mayfield Village <br />2. The name of the Fund is the S O.lt~ Center Road Widening Project Fund <br />3. The name of the OPWC Funded Project is the CA20D/CA21D S.O.M. <br />Ceirter/White Road Widening Project <br />4. The description of the project should read as the widening of S.O.M. <br />Center Road (S.R.91) between Wilson Mills Road and White Road. <br />S. The maximum aggregate amount for which reimbursements to the local <br />government will be is $1,050,000. <br />6. The type of local government is village. <br />7. I have also attached a copy of appendix A from the agreement that is <br />referenced in the sample resolution. <br />~E~ ~D~-- <br />Thanks in advance. <br />