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81-077 Ordinance
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81-077 Ordinance
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Last modified
1/11/2014 11:45:17 AM
Creation date
12/12/2013 9:52:30 AM
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North Olmsted Legislation
Legislation Number
81-077
Legislation Date
6/1/1981
Year
1981
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<br />/ <br />1 <br />..s.M?ltt <br />EXHIBIT A <br />Ar1ENDED AGREEMENT TO ISSUE BONDS <br />THIS AMENDED AGREEPiENT, entered into as of the <br />day of <br />, 1981, between the City of North Olmsted (herein called <br />"Issuer") and West Shore Cable TV, an Ohio limited partnership (herein- <br />after called the "Owner") in furtherance of the public purposes of <br />Section 13 of Article VIII, Ohio Constitution, to create or preserve <br />jobs and employment opportunities and to improve the economic welfare of <br />the people of the State of Ohio; and <br />k'HEREAS, the Owner desires to acquire, construct, improve and <br />equip a commercial facility to be owned by the Owner to be utilized as a <br />cable television system (herein called the "Project") within the boun- <br />daries of the City of North Olmsted, Ohio; and <br />WHEREAS, the Owner has requested that the Issuer issue indus- <br />trial development revenue bonds pursuant to Chapter 165, Ohio Revised <br />Code, in an aggregate principal amount now estimated not to exceed <br />$3,000,000 (herein called "Bonds") to provide funds to pay a portion of <br />the cost of the acquisition, construction, improvement and equipping of <br />the Project, and is agreeable to making payments to the Issuer suffi- <br />cient to pay all of the principal of and premium, if any, and interest <br />on the Bonds; and <br />WIfEREAS, the Owner and the Issuer desire to amend a prior <br />agreement, executed on October 7, 1980, relating to the issuance of <br />bonds to finance the Project; and
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