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classes of work called for by the Project, which wages shall be <br />determined in accordance with the requirements of Chapter 4115, <br />Ohio Revised Code, for determination of prevailing wage rates; <br />provided that, if the B orrower or other non-public user <br />beneficiary of the Project undertakes, as a part of the <br />Project, construction to be performed by its regular bargaining <br />unit employees who are covered under a collective bargaining <br />agreement which was in existence prior to February 5, 1985, the <br />rate of pay provided under the applicable collective bargaining <br />agreement may be paid to such employees. <br />Section 13,_ Comliance with Sunshine Law. It is <br />hereby dete ned that all ormal acti- o o t?his Issuing <br />Authority relating to the adoption of this Bond Legislation <br />were taken in an open meeting of this Issuing A uthority, and <br />that all deliberations of this Issuing Authority and of its <br />committees, if any, which resulted in formal action, were in <br />meetings open to the public, in full compliance with applicable <br />legal requirements, including Section 121.22, Ohio Revised Code. <br />Section 14. Compliance with IRC Section 103 k. For <br />purposes of complying with Section 103 (k) o the Code the <br />Issuing Authority hereby approves the issuance of the Bonds in <br />the maximum aggregate principal amount of $430,000 to be loaned <br />to the Borrower for the construction, installation and <br />equipping of the Project consisting of a commercial facility <br />for warehousing, wholesale and retail sales of floor coverings, <br />to be located at 25139-25943 Lorain Road, North Olmsted, Ohio <br />44070, for use by the Borrower as owner. <br />S ection 15. Emerqency Clause. This ordinance is <br />hereby declared to be an emergency measure immediately <br />necessary for the preservation of the public health, safety and <br />welfare and for the further reason that this Ordinance is <br />necessary to comply with the procedural requirements for the <br />issuance of the Bonds herein referred to and the urgent <br />necessity of helping the Borrower to finance the Project and <br />thereby alleviate unemployment and provide additional tax <br />revenues to the City at the earliest possible time; therefore, <br />this ordinance shall take eff ect immediately. <br />Adopted as an emergency measure this ?14?day of March, 1985. <br />Po Counci <br />A?rovei:?c?- <br />? <br />ayo r <br />Attest: <br />?. ??b-a I - t414? <br />? erk ot c.ouncil <br />Adopted: March / <br />,2Z4 lggs, <br />- 15 -