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<br />CITY OF NORTH OLMSTED
<br />ORDINANCE NO. 95-69
<br />BY: Councilmember Lind
<br />AN ORDINANCE PROVIDING FOR THE ISSUANCE
<br />AND SALE OF $9,975,000 NOTES, IN
<br />ANTICIPATION OF THE ISSUANCE OF BONDS,
<br />FOR THE PURPOSE OF IMPROVING THE
<br />MUNICIPAL SANITARY SEWER SYSTEM BY
<br />CONSTRUCTING, RECONSTRUCTING,
<br />REHABILITATING AND REPLACING SANITARY
<br />SEWERS AND SANITARY SEWER CONNECTIONS
<br />AND BY IMPROVING AND EQUIPPING THE
<br />WASTEWATER TREATMENT PLANT, TOGETHER
<br />WITH THE NECESSARY APPURTENANCES AND
<br />WORK INCIDENTAL THERETO, AND DECLARING
<br />AN EMERGENCY.
<br />WHEREAS, pursuant to Ordinance No. 90-95, passed on September 18, 1990, notes
<br />in anticipation of bonds in the amount of $1,200,000, dated October 30, 1990, were issued for
<br />the purpose described in Section 1, which notes were retired at maturity with the proceeds of
<br />$1,200,000 notes dated May 30, 1991 issued in anticipation of bonds pursuant to Ordinance No.
<br />91-74, passed on May 21, 1991, which notes were retired at maturity with the proceeds of
<br />$1,200,000 notes dated February 13, 1992, issued in anticipation of bonds pursuant to Ordinance
<br />No. 92-8, passed on February 3, 1992, which notes were retired at maturity with the proceeds
<br />of $1,200,000 notes (the 1992A Notes) issued in anticipation of bonds pursuant to Ordinance
<br />No. 92-92 passed on August 18, 1992, as a part of a consolidated issue of $3,990,000 Various
<br />Purpose Notes, Third Series, dated August 27, 1992; and
<br />WHEREAS, pursuant to Ordinance No. 91-85 passed on June 18, 1991, notes in
<br />anticipation of bonds in the amount of $1,775,000 were issued for the purpose described in
<br />Section 1, as a part of a consolidated issue of $4,200,000 Various Purpose Notes, Second Series,
<br />dated July 31, 1991, which notes were retired at maturity with the proceeds of $1,775,000 notes
<br />(the 1992B Notes) issued in anticipation of bonds pursuant to Ordinance No. 92-32 passed on
<br />April 7, 1992, as amended by Ordinance No. 92-40 passed on April 21, 1992, as a part of a
<br />consolidated issue of $4,200,000 Various Purpose Notes, First Series, dated April 23, 1992; and
<br />WHEREAS, pursuant to Ordinance No. 92-30 passed on Apri121, 1992, as amended
<br />by Ordinance No. 92-49 passed on May 5, 1992, notes in anticipation of bonds in the amount
<br />of $2,000,000 (the 1992C Notes) were issued for the purpose described in Section 1, as a part
<br />of a consolidated issue of $3,400,000 Various Purpose Notes, Second Series, dated May 27,
<br />1992; and
<br />WHEREAS, the 1992A Notes, the 1992B Notes and the 1992C Notes were retired
<br />at maturity with proceeds of $4,975,000 notes (the December 1992 Notes) issued in anticipation
<br />of bonds pursuant to Ordinance No. 92-159 passed on November 4, 1992, as a part of a
<br />consolidated issue of $5,100,000 Various Purpose Notes, Series 1992, dated December 16,
<br />1992; and
<br />D03:[00523.DOCS.NOR05223]ORD_SAN_SWR $6.975
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