1953 227 Resolution - Laserfiche WebLink

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=AN EMGIIVCY RFSOLUTION RE.QiICSTING TIiE F'TSCAZ OFFTCER TO . TQ COUNC?L. HER C.QNCLUSIQNS AS TO _ THE FSTDATED. - LZFE `:OF THF, .II4WV?ll2ENTS .PROPOSE?_ T0 BE CONSTRUCTID. .• ERO?_ THE _. PAOCE';.DS OF BONDS ].'R0'POSED TO BE EXEH CUTED AND ALSO TO CERTIFY THE MAXIMUM MATURTTY OF SUCH BONDS IN_ CCORDANCE yY.LTH GENERAI, CODE SECTION 2293-30: AND TBE MAX7IM MATURI^lY OF THE NOTE ISSUED. TN ANTICIPATION OF SUCH BONDSe WHEREAS, tnis Couizcil contempla-tes issuing $35?OOOo00 of bonds9 of whi ch $22, 440.00 is propos ed to b e us ed for the improvement of SOM Center Road, starting at the North end of the existing -water main now located in SOM Center Road and extending Northerly about 1801 feet' bu-t to the South line of a 22 acre parcel of land now or formerly owned by Jessie H. Vforts, being approxinately 2257 feet North from the center line of-'INilson Mills Road, by the construction and installation of a water main and appurtenances, and $12,560.00 is proposed to b e used for the improvement oi VVorton Park Drive, from Wilson Mil1s Road to the end of the dedicated street, which_is 1315.60 feet from the South line of Wilson Mi.11s Road in the Vil.lage of Mayiield, by the constructioii and installation of a water main and appurtenances, all of which construction and improve- ment will be in accordance with the general plans and specifications and profiles heretofore adopted by° this Council,, and tiVHEREAS, Sections 2293-2 and 2293-10 of the General. Code of Ohio require the fiscal officer of the V'illage of Mayfield to certify to this Council her estimate of the 1ife of the improvements proposed to be constructed from the pr oceeds of said bonds, and also to certi.fy to thzs Council the maximum maturity of such bonds in accordance with Section 2293-9, including the vseighted average of the amounts proposed to be expended for said several classes of irriprovements, and also the maximum maturity of notes issued i.n anticipation of such bonds. NOW THEREFORE BE IT RESOLVT'?D BY THE COUNCIL OF THE VZLZAGE OF NlAYF=, CUYAHOCxA _ CQUNTY OHTO: _ Sec. 1. That the fiscal officer be, and she is$ hereby requested to certify t,o t?iis Council her conclusions as t,o the estimated life of the improvements proposed to be constructed from the proeeeds of said bonds and also to certify to this Council the maximum maturity of such bonds, calculated in accordance with the provisions of Section 2293-9 and the maximum maturity of the notes issued in anticipation of sucn bonds. Sec. 2. That this resolution is hereby declared to be an emergency measure, necessary.to complete the legislation for the issue of said notes, and sha17, talce effect imnediatel.y on its adoption as an emergency measura. Passed this 17jth day of August, 1953. Attest: APPr ved: SEAL C erk Nlayor - resident of Council