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RESOLUTION No. 712 <br />By Mr. t~raT,rcFR <br />AN EMERGENCY RESOLUTION RE~liIESTING THE FISCAL OFFICER TO <br />CERTIFY TO COUNCIL HIS CONCLUSIONS AS TO.THE_ESTTMATED, <br />LIFE_OF THE IMPROVEMENTS PROPOSED TO BE CONSTRUCTED~FROM <br />THE PROCEEDS OF BONDS'PROPOSED TO BE EXECUTED AND ALSO TO <br />CERTIFY THE MA3CIi1LTM _MATURITY DF. SUCH BONDS. IN ACCORDANCE <br />WITH..REVISED CODE SECTION _113.21 AND THE-MAXIMUM MATURITY <br />OF. THE NOTE.ISSIIED IN ,ANTICIPATION OF_SUCH BANDS <br />WHEREAS, this Council contemplates issuing $2,250.00 in bonds, to be <br />issued for the improvement of Rdgebury Boulevard in the Village of Mayfield, <br />Ohio, on the Northerly side, from Lander-Road East to the corporate limit of <br />the Village of Mayfield, by .the construction of sidewalks, which construction <br />and improvement shall be in accordance with the general plans and specifications <br />and profiles heretofore adopted by this Council; and <br />WHEREAS, Sections 133.24 and Sections 133.21 of the Revised Code of Ohio <br />require the fiscal offices of the Village of Mayfield to certify to this Council <br />his estimate of the life of the improvements proposed to be constructed from the <br />proceeds of said. bonds, and also to certify to this Council the maximum maturity <br />of such bonds~in accordance with Section 133020, including the weighted average <br />of the amounts proposed to be expended for several classes of improvements, and <br />also the maximum maturity of notes issued in anticipation of such bonds. <br />NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE VILLAGE OF HAYFIELD, <br />CUYAHOGA COUNTY QHIO :. _ . _ .. .. . - - _ - - <br />Sec. 1. That the fiscal officer be, and he is, hereby requested to certify <br />to this Council his conclusions as to the estimated life of the improvements <br />proposed to be constructed from the proceeds of said bonds and also to certify <br />to this Council the maximum maturity of such bonds, calculated in accordance <br />with the provisions of Section 133.20 and the maximum maturity of the notes issued <br />in anticipation of such bonds. <br />Sec. 2. That this resolution is hereby declared to be an emergency measure, <br />necessary to complete the legislation for the issue of said notes, and shall take <br />effect immediately on its adoption as an emergency measure, and is necessary for <br />the immediate preservation of the public peace, health and safety. <br />Adopted this 18th day of September, 1967. <br />Attest: ~l ~-,t~ ~ ® ~ , mil, . 6~~.a >a9. <br />~~ ~~ Mayor - President of Cou cil ~- <br />(Seal) Clerk-Treasurer <br />