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RESOLUTION No. 595 <br />By Mr. Shaw <br />A RESOLUTION DETERMINING TO PROCEED WITH THE SUBMISSION <br />TO THE.. ELECTORS OF THE VILLAGE OF MAYFI~LD., OHIO,.AT_THE <br />MAY,5, 1964, SPECIA~.ELECTION, THE ~UE$TION OF,ISSUING. <br />BONDS FOPS THE PURPOSE OF PAYING. THE VILLAGE~S_PORTION <br />OF THE COST OF IMPROVING THE.SANITARY_SEWERAGE SYSTENI <br />OF THE VILLAGE BY CONSTRUCTING SANITARY SEWERS TOGETHER <br />WITH_THE.NECESSARY APPURTENANCES THTRETO. _ <br />WiIEREAS, the Council of the Village of Mayfield, Cuyahoga County, Ohio, <br />duly adopted a Resolution on the 16th day of December, 1963, providing for the <br />submission to the electors of the Village of Mayfield, Ohio, at the special <br />election to be held on Primary election day, Niay 5, 1964, the question of <br />issuing bonds in the sum of Fifty Thousand ($50,000.00 Dollars for the <br />purpose of paying the Villageffs portion of the cost of_improving the sanitary <br />sewerage system of the Village by constructing sanitary sewers together with <br />the necessary appurtenances thereto, and the levying of a tax to provide for <br />the payment thereof ; and <br />WHEREAS, the County ,Auditor of Cuyahoga County Ohio has certif ied to <br />this Council that, in accordance with his calculation, the average annual levy <br />throughout the life of such bonds ( 20 years) which will be required to pay <br />the interest on and retire such bonds, assuming that they are all issued in <br />one series, and that the amount of the tax list of said Village remains the <br />same throughout the life of said bonds as the amount of the tax lists for <br />the current year, is .4448 mills for each dollar of valuation ,. which amounts <br />to 4.448 cents for each One Hundred Dollars of valuation. <br />NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE VILLAGE OF HAYFIELD, <br />CUYAHOGA COUNTY, STATE OF OHIO, THAT: _ _. .. _ _. <br />Sec. 1. This Council proceed with the issuance of said bonds and that <br />the Clerk be, and hereby is, directed to certify to the Board of Elections in <br />Cuyahoga County the resolution of this Council calling such election herein- <br />above referred to, together with the amount of the average tax levy estimated <br />by said County Auditor and the maximum number of years to retire said bonds, <br />namely, 20 years, and to give notice of said election in accordance with <br />Section 133.11 of the Revised Code of Ohio. <br />Adopted this 20th day of January, 1964. <br />Attest: <br />~~ ~_ ~ (~ <br />Mayor - President of Council <br />( S ) d'Cl-e~k' <br />