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RESOLUTION NO. 94- 46 INTRODUCED BY: Mayor Bruce G. Rinker and Council as a Whole A RESOLUTION DECLARING THE NECESSITY OF RENEWING BY LEVY A TAX IN EXCESS OF THE 10-MILL LIMITATION AND SUBMITTING THE SAME TO THE ELECTORATE OF MAYFIELD VILI,AGE, OHIO WHEREAS, the Council deems it to be in the best interest of the municipality to renew the levy of a 2.3 mills tax for an additional period of five (5) years for the payment of current expenses. NOW, TfEREFORE, BE IT RESOLVED BY '1'HE COUNCIL OF MAYFIELD VILLAGE, OHIO, THAT: SECTION 1. It is necessary to renew a levy of 2.3 mills in excess of the 10-mill limitation for the benefit of Mayfield Village for the purpose of paying current expenses at a rate not to exceed 2.3 mills for each $1.00 of valuation, which amounts to Twenty-Three Cents ($.23) for each One Hundred Dollars ($100.00) of valuation for a period of five (5) years beginning with the tax duplicate year 1995, which levy is a renewal of an existing levy of 2.3 mills. SECTION 2. The question of renewing the existing tax levy shall be submitted to the electors of Mayfield Village, Ohio,at the Veneral election to be held at the usual voting places within said municipality on the 3rd day of May, 1995. SECTION 3. The Clerk of Council is hereby authorized and directed to certify a copy of this Resolution to the Cuyahoga County Board of Elections as provided by law, and to notify the Board of Elections to cause notice of said election on the question of levying said tax to be given as required by law. SECTION 4. The Council finds and determines that all formal actions of this Council relating to the adoption of this Resolution have been taken at open meetings of this Council; and that deliberations of this Council and of its committees, resulting in such formal action, took place in meetings open to the public, in compliance with all statutory requirements including the requirements of Section 121.22 of the Ohio Revised Code. SECTION 5. This Resolution shall become effective upon its adoption by Council and signature of the Mayor, or as may otherwise be provide for in law. JOAN$E CINCO, Cb -cil President First Reading: December 19 , 1994 Second Reading: Suspended , 1994 Third Reading: S.uspended , 1994 ?P SED: , 'JBAUCE RINKER, ayor 1994 DATE: