2002-048 Ordinance - Laserfiche WebLink

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CITY 4F 1vORTH OLMSTED ORDINANCE NO. 2002-48 By: Mayor Musial AN ORDINANCE DESIGNATING THE REVENUES DERIVED FROM THE Ca LOCA TION OF SPRIIVT FGS ON THE AT & T MONOPDLE AT CLAGUE PARK, AND DECLARING AN EMERGENCY. WHEREAS, this Council previously adopted Ordinance No. 97-74, providing for a split between the Economic Development Fund and the Recreation Fund of the revenues generated by leases of city-owned property involving the location of telecommunication facilities; and WHERF.A.S, it is the desire of this Council to split the revenues generated by the co-location of Sprint PCS on the AT & T monopole at Clague Park, in the same percentages as was provided for in Ordinance No. 97-74 for the AT & T Wireless lease revenues; NOyi; THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF NORTH OI.MSTED, COUNTY 4F CUYAHOGA AND STATE OF OHIO: SECfiIDN 1: That twenty-five percerrt (25%) of the cash downpayment received from Spring PCS in connection with its co-location on the AT & T monopole at Clague Park shall be designazed to the Economic Developmern Fund established by Ordinance No. 93-24, and the remaining seventy- five perc.ent (75%) of said downpaymern and all other revenues received by the City from the Sprint PCS Wireless co-location on the AT & T monopole at Clague Park sha11 be designated to the City's Recreation Fund. SECTION Z: That the Director of Finance be and she is hereby directed to record the receipts from said co-location of Sprint PCS on the AT & T monopole at Clague Park consistent with the provisions of this Ordinance. SECTION 3: That the Clerk of Council shall immediately forward an attested copy of this Ordinance to the Auditor of Cuyahoga County and the Auditor of the State of Ohio. SECTION 4: That any Ordinance, or part of Ordinance, including Ordinance No. 97-74, which is in conflict or is inconsistent with the provisions of this Ordinance, sha11, to the extent of any such conflict or inconsistency, be repealed.