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RFSOLUTION Nos 248 <br />By D4rm VVhiting <br />AN EMERGIINCx:RESO L;TIQIJESTTNG.. TH.E FISCAT.. QFF'ICERT0. .;: ; <br />T,? ;_ , .. ., <br />CIIR-TT?'YE, CONCLtTSIONS A:S TO THE.?FSTINlP.TED, . <br />LTFE?OF .?I?C:,?ROV.,•EP?ENTS?,_PRQPOSID TO` BE CONSTRUCTED- <br />FROM .THE:-PROCEEDS.OFBQNpS 1'ROPOSED, TO. .;BE . EXECUTED, AND - <br />ALS.O.,Ta-.CERTIFY .THE MAY.I.?I?iJ?MATPITY_ OF._ SUCH _BONDSIN <br />1?CCORDANCE WITH REVISED CODE SECTION ?:33.2i_AIVD THE <br />NtAX?M; MATUR,ITY, OF..:.THE--.NOTE..,ISSUED..IN._ANTICIPATIC?IT ' . - OF SUCH :BONDSp <br />WfEREAS, this Council, pont.empJ.ates i>s,suing 4.13..000,00. bond.s of <br />which all of_ which .3.s proposed to be issued for the improvement'of Seneca <br />Road from S0M Center- Road°' iri an Ea.s-terly direction to 'the' Westerly li'ne aF •Beach Hi11 Road by the construction and installation of a water main and appurtenances, aL of which construction and improvement wi.l1 he in accordance <br />-with the general plans and specifications and profiles here-tofore adopted <br />by this Council., and <br />ZTHERFAS, Seetions 133.24 and Sections 133m21 of the Revisea Cod.e <br />of Ohio require the fiscal officer of the Village of Mayfield to certiFy to <br />th.is Council hiB esti.mate of the lif. e of the unprovements proposed to be <br />constructed from the proceeds of said bonds, and also to certii'y to this <br />Council the maximum maturi-ty'of sueh bonas in aceordance with Section 133.203 <br />including the vJeighted a.verage of the a.mounts proposed to be expended for <br />several classes of improvements, and.also the maximum maturity'of notes <br />issued in anticipation of such boncis. <br />NOIIIT THER}??FORE BE IT RESOLVED BY' THE COUNC7Z OF THE VILLAGE OF <br />NiAYFIELD, CUYAHOGA COUlVTY_ OHIO: . <br />Sec. lo That the fiscal officer be, and _.he is., hereby requested <br />to certif'y Fo this CoLUacil his conclusions as to the estimated life of the <br />improvements proposed to be constructed from the proceeds of said bonds and <br />also -to certii'y to this Council the maximum maturity of such bonds., caZculated <br />in accordance with the provi,sions of Section 133.20 and the mazi mum matUT'lty <br />of the notes issuecl in antica.pation of such bonas. <br />Sec. 2o That this resolution is hereby decl-ired to be an emergency <br />measure, necessary to complete the legislation for the issue of said notes, <br />and shall take effect immediately on its adoption as an emergency measure' <br />and is necessax°y for the immediate preservation of the pub7.a_c peace' health <br />and safety. <br />Passed this 15th day of Bdarch, 1954. <br />Appx°ovedt <br />Attest : <br />?,.?' •!- ? `'-.! .-?? , _ <br />'1 <br />f Mayor - Presideof Cowi'