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CITY OF NOR'IH OLMSTED <br />ORDINANCE N0. 84-97 'eft <br />- 3 - <br />-,a*, <br />low <br />issuing the Notes, shall, alone or with any other officer or employee of or <br />consultant to the City, give an appropriate certificate of the City for <br />inclusion in the transcript of proceedings for the Notes, setting forth the <br />reasonable expectations of the City regarding the amount and use of all the <br />proceeds of the Notes and the facts and estimates on which they are based, all <br />as of the date of delivery of and paqment for the Notes. <br />Section 11. The Clerk of Council is directed to deliver a certified <br />copy of this ordinance to the County Auditor. <br />Section 12. This Council determines that all acts and conditions <br />necessary to be done or performed by the City or to have been met precedent to <br />and in the issuing of the Notes in order to make them legal, valid and binding <br />general obligations of the City have been performed and have been met, or will <br />at the time of delivery of the Notes have been performed and have been met, in <br />regular and due form as required by law; that the full faith, credit and <br />revenues of the City are pledged for the timely payment of the principal of <br />and interest on the Notes; and that no statutory or constitutional limitation <br />of indebtedness or taxation will have been exceeded in the issuance of the <br />Notes. <br />Section 13. This Council finds and determines that all formal <br />actions of this Council concerning and relating to the passage of this ordi- <br />nance were taken in an open meeting of this Council and that all deliberations <br />of this Council and of anq committees that resulted in those formal actions <br />were in meetings open to the public, in compliance with all legal requirements <br />including Section 121.22 of the Revised Code. <br />Section 14. This ordinance is declared to be an emergency measure <br />necessary for the immediate preservation of the public peace, health, safety <br />and welfare of the City, and for the further reason that the immediate <br />effectiveness of this ordinance is required in order to effect issuance and <br />sale of the Notes, which is necessary to enable the City to retire the <br />outstanding notes and thereby preserve its credit; wherefore, this ordinance <br />shall be in full force and effect immediately upon its passage and approval by <br />the Mayor. <br />Passed: &_4& , 1984 <br />Attest: <br />Clerk of Council !l -,?? -; resi ent of ouncil <br />? <br />Approved: 1984 <br />? <br />. y <br />Mayor