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_ ,? • " • `? gA CITY OF NORTH OLMSTED ORDINANCE NO.: 84-81 AN ORDINANCE PROVIDING FOR THE SUBMISSION TO THE ELECTORS OF THE CITY OF NORTH OLMSTED OF AN AMENDMENT TO SECTION 8 OF ARTICLE VIII OF THE CHARTER OF THE CITY OF NORTH OLMSTED TO AUTHORIZE THE USE OF THE PROCEEDS OF THE TAX LEVY PROVIDED FOR IN PARAGRAPH (C) THEREOF TO PAY ANNUAL DEBT SERVICE REQUIREMENTS ON CERTAIN OBLIGATIONS INITIALLY INCURRED ON OR AFTER JANUARY 1, 1976 AND PRIOR TO JANUARY 1, 1987 TO PAY COSTS OF IMPROVING THE MUNICIPAL SANITARY SEWERAGE SYSTEM, AND DECLARING AN EMERGENCY. BE IT ORDAINED by the Council of the City of North Olmsted, Cuyahoga County, Ohio, two-thirds of all members concurring: SECTION 1. That pursuant to Article XVIII, Section 9 of the Ohio Constitution and Article XII of the Charter of the City of North Olmsted, this Council hereby authorizes and directs the submission to the electors of the City of North Olmsted at an election to be held at the usual places of voting in said City on Tuesday, November 6, 1984, the following proposal to amend the Charter of the City of North Olmsted: That existing Section 8 of Article VIII of the Charter be amended to read as follows: "SECTION 8: LIMITATION ON THE RATE OF TAXATION (a) The aggregate amount of taxes that may be levied by the Council without a vote of the people on taxable propertq assessed and listed for taxation according to value shall not exceed in any one year the aggregate of the amounts provided for in Paragraphs (b) and (c) of this Section 8, and all such taxes shall be levied by not less than a two-thirds affirmative vote of the members of Council eligible to vote. (b) Except as provided in Paragraph (c) of this Section 8, for all purposes of the municipality the Council may, without a vote of the people, levy annually not more than eleven and one-tenth (11.1) mills for each dollar of assessed valuation. Of said levq, an amount shall annually be levied sufficient to pay the interest, sinking fund and retirement charges on all general obligation bonds and general obligation bond anticipation notes of the municipality heretofore or hereafter authorized to be issued without a vote of the electors, except to the extent Council determines that such levy for certain bonds or notes issued for improvements to the municipal sanitary sewerage system should be made pursuant to the provisions of Para- graph (c) of this Section 8, which levy under this Paragraph (b) shall be placed before and in preference to all other levies and for the full amount thereof. Of the remaining portion of said levy, an amount shall be levied annually sufficient to provide the amounts required by law for police pensions (.3 mill) and firemen's pensions (.3 mill); an amount shall be levied annually for the purpose of paying the expense of recreation and providing recreational facil- ities (.5 mill), and the balance thereof may annually be levied for the purpose of paying the current operating expenses of the munici- pality. (c) Council may, without a vote of the people, levy annuallq in addition to the eleven and one-tenth (11.1) mills provided for in Paragraph (b) of this Section 8, such tax not in excess of three (3) mills for each dollar of assessed valuation as may be required to