89-016 Ordinance - Laserfiche WebLink

Home Browse Search

,~ •~ ' , - 3 - purposes, (B) current operating expenses for recreational purposes, and (C) interest, premium, sinking fund and retirement charges on general obligation bonds and general obligation bond anticipation notes of the municipality issued from time to time, without a vote of the people, to provide funds (i) to pay costs of providing and improving recreational facilities, (ii) to reimburse the municipality for expenditures made, in anticipation of reimbursement from the proceeds of such general obligation bonds or general obligation bond anticipation notes, to pay costs of providing and improving recreational facilities; or (iii) to provide funds to renew or refund general obligation bonds and general obligation bond anticipation notes issued for the purposes described in clauses (i) and (ii) and this clause (iii)." SECTION 2. If the foregoing proposal receives the affirmative vote of a majority of the electors voting thereon, then existing Section 8 of Article VIII shall be and the same is hereby repealed effective as of the date on which such amendment becomes effective. SECTION 3. It is the desire of the Council that the ballot for said question shall be in the following form: PROPOSED CHARTER AMENDMENT A majority affirmative vote is necessary for passage. Shall Section 8 of Article VIII of the City Charter be amended to authorize the City Council to levy annually, for a period of ten years, without a further vote of the people, an additional tax at a rate not exceeding seven-tenths (.7) of one mill to provide funds for municipal recreational purposes, including payment of costs of providing permanent improvements and current operating expenses for recreational purposes and annual debt service requirements on unvoted general obligation bonds and bond anticipation notes issued (i) to pay costs of providing and improving recreational facilities, (ii) to reimburse the City for expenditures made for that purpose, or (iii) to renew or refund the bonds and notes issued for the purposes described in clauses (i) and (ii) and this clause (iii). Yes No SECTION 4. The Clerk of Council is authorized and directed promptly to forward a certified copy of this ordinance to the Board of Elections of Cuyahoga County. SECTION 5. The Board of Elections of Cuyahoga County shall cause to be duly given an appropriate notice of the election to be held on May 2, 1989, on the foregoing amendment to the Charter of this City and otherwise provide for such election ir. the manner provided by the general. laws of the State of Ohio. SECTION 6. The Clerk of Council is authorized and directed to cause the full text of such proposed Charter amendment to be published once a week for two consecutive weeks in a newspaper of general circulation in the City of North Olmsted, with the first publication to be made at least fifteen days prior to the election to be held on May 2, 1989, as provided in Article XVIII, Section 9 of the Ohio Constitution and in Section 731.211 of the Ohio Revised Code.