2002-089 Ordinance - Laserfiche WebLink

Home Browse Search

ensuing whereas clauses which follow), which allowed for an increase in the annual average and daily maximum flows from the Service Area to be transported and treated by the Sanitary Sewer System; and WHEREAS, during the period 1992 through 1994, the City borrowed monies to construct certain major wastewater disinfection capital improvements to the North Olmsted Sanitary Sewer System's wastewater treatment plant; and WHEREAS, in 1992, the City bonowed monies to construct a new natural gas main distribution system inside the Sanitary Sewer System's wastewater treatment property; and WHEREAS, in 1994, the City borrowed monies to construct new water, gas and electric services into the Sanitary Sewer System's wastewater treatment plant property; and WHEREAS, during the period 1994 through 1995, the City borrowed monies to construct certain major wet stream, odor control, electrical distribution and process control capital improvements to the Sanitary Sewer System's wastewater treatment plant; and WHEREAS, during the period 1996 through 1997, the City bonowed monies to construct a new East Interceptor Relief Sewer for the Sanitary Sewer; and WHEREAS, the City of North Olmsted and the City of Fairview Park find it necessary and appropriate to authorize their respective Mayors to enter into an agreement amending the Capital Charges Agreement so as to provide for the assessment of additional debt service charges to the Fairview Pazk Service Area relating to the monies borrowed by the City for the aforementioned five capital improvement projects from 1992 to 1997 which benefited the Fairview Park Seivice Area.; and WKEREAS, pursuant to the authority granted in Ordinance No. 2002- _ adopted by the City of North Olmsted Council on , 2002, and pursuant to the authority granted in Ordinance No. 97-17, adopted by the Fairview Park City Council on April 7, 1997, and Ordinance No. 2002- , adopted by the Fairview Park City Council on , 2002, the City of North Olmsted, Ohio, and the City of Fairview Park, Ohio, the Mayors of the City of North Olmsted and City of Fairview Paxk have been authorized and directed to amend the Capital Charges Agreemern so as to provide for the assessmern of additional debt service charges to the Fairview Pazk Service Area relating to the aforementioned five capital improvement projects from 1992 to 1997 which benefited the Fairview Park Service Area; NOW THEREFORE, the parties hereto recognizing and acknowledging the sufficiency of the consideration which supports the following Amendments to the Capital Charges Agreement, and having been duly authorized by their respective legislative authorities to agree to such Amendments, agree to the following Amendments to the Capital Charges Agreement: 2.02 Joint Use Facilities Debt page 2