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<br />? NORTH OIfi?.STED CITY <br />. , <br />• PROPOSID BOND ISSUE . <br />• RECREATION FACILITIES . <br />• A 55°6 affirmative vote is necessary for passage. . <br />• Vote ballot with an "X" . <br />: Shall bonds be issued by the City of North Olmsted for the . <br />: purpose of ACQUIRING THE PROPERTY HIVOWN AS THE SPRING VALE , <br />: COUNTRY CLUB AND OTHER ADJACENT PROPERTY FOR RECREATIONAI, . <br />: PURPOSES, . <br />: in the sum of One Million Seven Hundred Thousand ($1,700,000) . <br />: Dollars . <br />: and a levy of taxes be ma,de outside of the ten mill limitation . <br />: esti.mated by the county auditor to average . <br />: 1.4453 . <br />: mills for each one clollax of valuation, which amounts to . <br />. 14.453 . <br />: cents . <br />: for each one hundred dollars of valuation, for a ma.ximum . <br />: period of twenty (20) . <br />: years to pay the principal and interest of such bonds. . <br />: <br />. , FOR TFIE BOND ISSUE . <br />. , AGAINST THE BOND ISSUE . <br />Section 3. This resolution is hereby determined to be an emergen.cy measure <br />necessary for the im¢nediate preservation of the public peace, health and safety, <br />and for the further reason that park and recreationa.l facilities axe needed to <br />pramote the health and general welfare of the inhabitants of this City and this <br />resolution must go into immediate effect in order to place this bond issue on the <br />1Vovember 4, 1969 baliot; W1MREFORE, this resolution shall be 3n force and take <br />effect immediately upon its adopt3an by Council and approval by the Mayor. <br />PASSEn: 1969 <br />ATTEST : <br />Florence Hol.m, Clerk of Council <br />. , President of Council <br />APPROVED: G ? 1969 <br />P YA <br />Ralph Christman, Mayor <br />- 2 - <br />T0'5fe-4 g?g [6 <br />CQ'?J JA