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Resolution No. 298 <br />By Mr. SwasLS on <br />A RESOLUTTON REJUESTIiVG TKE CLERK TO CERTM TO THE <br />COITNCII, TI3E ESTINIATED LI:EE CF., THE PROPERTY_AND <br />IfvIl'ROVEMENTS I'OR Ir7IHTCH.. VOTED.. BONUS AR?, TQ BE TSSIIED <br />IN THE SUM. QF 44O.,Q00.00 FOR THE . PURPOSE OF PROVIDING <br />TIiE _ yILLAGE OF. MpYF'ILLDt S.. PORTION OF THE COST 0V._. <br />C OAISTRUCTING WATER..NIAINS TN CEftTA.IN .ROADS AND STR.EETS <br />IN THE V7j LA GE OF MAY.CIELD. . <br />WMREAS' the Vi1'lage of Ma.yfield has great need for -the construction <br />of water ma.ins. in the roads and streets of said Village to provi.de water <br />to its residents, improve fi.re protection, provide adequa.te year round water <br />pressure, and improve thc3 quality of wrater and reduce fire insuz°ance x°ates; and <br />Tr7HERMS, the cost of said several classes of improvements are estimated <br />not to cost mox°e than the following: <br />Construction of the Vil:Lage portion of the construction of <br />water mains in SOM Center Road, from a point appraxinately <br />2257 feet North of tYe center line of Wilson 11i]1s Raad, <br />Northerly to the North corporation line of the Vi1Za.ge, <br />Highland Road., from the Westerly line o£ the Vill.age of <br />Ma.yfi.eld in an Easterly di.rection to SOM Center Road; <br />Wilson I'Iil7 s Road, from Echo Drive, Easterl.y to the East <br />corporation line.of the Village; and-the entire portions of <br />Ridgebury Boulevard, Lander Road9 and Whi.te Road, which <br />are situated in the Vi7lage of Mayfield; for a total <br />cost of $40PO00.00. <br />NOsT THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE VILI?gGE OF MAYFI&LD? <br />C UYAHOGA COUNTX' OHIO, THAT : . . . _ . , - - . -_ - - - <br />Sec e l, The Cl.erk of the Vi7lage of Ma.yfield9 Ohio, be, and he <br />hereby is request,ed to cert3.fy to Council the. fo7lowingt <br />(a) The estimated 13_fe of the property and zmproveraents for <br />the c onstruction and, improvement af the Vil1a ge of <br />Ma.yfield's portion of the cost of water mains in <br />SOM Center Road' Highland Road, Wilson Mills Road' , <br />Ridgeburr Boulevard, Lasider Road,__and lk1ite Road. <br />(b) The maximtun maturity'of bonds in accordance with the <br />.. provisions of Section 133.20 of the Qhio Revised Code, <br />and the weighted average of tne amounts proposed to be <br />expended for the following cl.asses of improvements.s <br />Construction of the Vi1l.age of Mayfield's portion of <br />the cost of constructing water mains in.SONICenter Road9 <br />High].and Road? Wilson Mi]1s Road.9 Ridgebuz7 Boulevaxd' <br />Lander Road and. _Nh3.te Road in said. Vill,age For a <br />total of 540,0001001