2002-089 Ordinance - Laserfiche WebLink

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, CITY OF NORTH OLMSTED ORDINANCE NO. 2002 - 89 BY: Mayor Musial and the Entire Council. AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO ANAGREEMENT AMENDING THE EXISTING CAPITAL CHARGES AGREEMENT BETWEEN THE CITY OF NORTH OLMSTED AND THE CITY OF FAIRVIEW PARK, IN ORDER TO PROVIDE FOR THE ASSESSMENT OFADDITIONAL DEBT SERVICE CHARGES TO THE FAIRVIEW PARK SERVICE AREA RELATING TO LOANS MADE TO THE CITY OF NORTH OLMSTED F4R FIVE CAPITAL IMPROVEMENT PROJECTS FROM 1992 TO 1997 WHICH, IN PART, BENEFITED THE FAIRVIEW PARK SERVICE AREA, AND DECLARING AN EMERGENCY. WHEREAS, the City of North Olmsted (the "City") owns and operates a sanitary sewer system (the "Sanitary Sewer System,") which includes a collection system, lift stations, a wastewater treatment plant and appurtenances, which system presently has the capacity to collect and treat certain wastewater originating outside the City's corporate boundaries; and WHEREAS, the City previously entered into an agreement with the City of Fairview Park, Ohio establishing the Ward Five Sewer District, as heretofore or hereinafter enlarged or otherwise reconstituted (the "Fairview Park Service Area"), pursuant to Chapter 6117, Ohio Revised Code, for the purpose of preserving and promoting the public health and welfare, and WHEREAS, the City, pursuant to Ordinance No. 91-47, previously entered into an agreement (the "Capital Charges Agreement") with the City of Fairview Park providing for Fairview Park to pay to the City certain capital charges for capital improvement made to the North Olmsted Sanitary Sewer System which benefited the Fairview Park Service Area, which agreement remains in effect; and WHEREAS, the Capital Charges Agreement includes provisions for assessing debt service charges to the Fairview Park Service Area for debt incuned by the City during the period 1970 through 1986 to construct certain capacity and treatment capability capital improvements to the Sanitary Sewer System's wastewater treatment plant, which benefits the Fairview Park Service Area; and WHEREAS, during the period 1992 through 1997, the City borrowed monies to construct five capital improvements to the Sanitary Sewer System (described in the five ensuing whereas clauses which follow), which, among other benefits, allowed for a needed increase in the annual average and daily maximum flows from the Service Area to be transported and treated by the Sanitary Sewer System; and