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RESOLUTION No. 631 <br />By Mr. Sloan <br />,A RESOI,UTTON ACCEPTING THE HIGHEST BTD FOR $27,000,00 <br />SPECIAL .ASSESSMENT. BONDS. UPON THE, L04~EST R,A,TE OF <br />INTEREST BY A RESPONSIBLE BIDDER <br />WHEREAS, EUGENE GOLD, a responsible bidder, has presented a bid for <br />sanitary sewer special assessment bonds for a total face amount of $27,000,00, <br />namely 3-1/2% per annum interest and a premium of $220.00; and <br />WHEREAS, said rate of interest is the same as provided in Ordinance <br />No. 871 passed December 21,964. <br />NOW THEREFORE BE IT RESOLVED BY THE COUNCIZ OF THE VILLAGE OF HAYFIELD, <br />CUYAHOGA COUNTY,.OHTO, THATa _ - <br />Sec. 1. 'The bid of Eugene Gold be, and the same is, hereby accepted, <br />said bid being the highest based upon the lowest rate of interest, other than <br />the amount of interest set forth in said ordinance. <br />Sec. 2. Said bonds, after being executed and signed, according to law, <br />and according to said Ordinance No. 871, heretofore passed by this Council, <br />and being the rate of interest provided in said accepted bid, be delivered by <br />the Cleric to said purchaser on compliance with the terms of said sale. <br />Sec. 3. The Clerk stall furnish the successful bidder a true transcript, <br />a statement of net indebtedness certified by him, and such officer shall <br />furnish such other information as required by said Ordinance No. 871, as <br />provided by law. <br />Sec. 4. The Clerk be, and hereby is, directed to certify a copy of <br />this Resolution to the County Auditor of Cuyahoga County as required by law. <br />Sec. 5. This Resolution is hereby determined to be an emergency <br />measure, necessary for the immediate preservation of the public peace, health, <br />safety and welfare of the Village of rlayfield and its inhabitants, since funds <br />are required to pay the note issued in anticipation of the sale of said bonds <br />and theref ore this Resolution shall go into immediate effect upon its adoption <br />as an emergency Resolution. <br />Adopted this 18th day of January, 1965. <br />~~~~~Lt v <br />~tteSt: -'- <br />Mayor - President of Council <br />~ ~E~,) Clerk <br />