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RESOLUTION No. 437 <br />Bar Mr o Hopk33.ns - <br />Secondecl bg Mr. Z'orn <br />A RESOLiTTION .ACCEPTTNG THE HIGHEST BID FOR <br />$122950.00 OF SPECIAL ASSESSMENT BONIDS UPON <br />THE LOTn1ES T RATE OF IWTEREST. PATD BY A <br />RES3'ONSIBLE BIDDER <br />WWHERyAS, JOSEPH MOLDA_VERe a responsi,ble bidder.. has presented a bid <br />for speciaZ assessment bonds da-Fed A.ugust 19 1958, in the face amount of <br />$12'950.00' v.pon a rate of interest., namely' 3-1/2% per annum and a premium <br />of $50.00; and - WTi'E:R.FA.S9 said rate of interest is larier thar provided in Ordinance <br />No. 628' passed JtZ].y 218 1958; <br />N(3W THEREFORE BE IT RFSCLVED BY THE COUNCIL OF THE VILLAGE OF <br />M1,YFMD' CUYAHOCsA COUNTY' OHIO, THAT: <br />Sece le The bid of Joseph Moldaver be and the same is hereby <br />accepted' said bid being the highest based upor_ the lotidest rate of interest <br />other than that providecl for in said ordinance. <br />Sec. 2. Said bonds9 after being executed and signed, according to <br />law., and accarding to said Ordinance No. 628 heretofox°e adopt,ed by this <br />Counci7,s but beax°i.ng the rate of interest provided in said accepted bid, be <br />de7.ivered by the Clerk to said Purchaser on compliance w5.th the terms of <br />said sale. <br />SecO 3. The Clerk shall fux°ni.sh the successful bidder a true <br />transcript9 a statement of net inclebtedness certified by him., and such <br />officer shall furnish such.other informatJi.on as required by said Ordinance <br />No. 628 anc2 as px°ovided by law. <br />Sec. 4. The Clerk be' and he hereby is, directed to certify a <br />copy of this Res ol.ut3.on to the County Auditor of Ca;ayahoga County as requ3,z°ed <br />by law, <br />Sec. 5. This Resolution as hereby determi.axieed to be an emergency <br />measus°e, necessary for -the .trnnediat,e piroservation of the publ3.c peace9 <br />health' safety and wel.:fare of the VilZage of Mayfield aiid its inhabitants' <br />s3.nce funds are xequired to pay the no-tes issued in ant3.cipation of the sale <br />of said bonds and tlierefore this Resolation sha1l go infi,o i.rmnediate e£fect <br />upon its adopt3.on as an emergency Resolution. <br />Adopted tliis 18th day of August9 1958. <br />kttests <br />Mayor - President of Council <br />rk