87-080 Resolution - Laserfiche WebLink

Home Browse Search

.. employed by him exclusively in or about such person's res- idence, even though such residence is in the City of North Olmsted, but such employee shall be subject to all of the requirements of this Title." Section 5. Section 1501.2101 of the Codified Ordinances of the City of North Olmsted, Ohio, as established by Ordinance No. 67-70, passed May 16, 1967, is hereby amended to read as follows: "1501.2101 DISBURSEMENT OF FUNDS COLLECTED. The funds collected under the provisions of this Title shall be disbursed in the following manner: (a) First, such part thereof as shall be necessary to defray all expenses of collecting the tax and of adminis- tering and enforcing the provisions of this Title shall be paid; and (b) The balance remaining after payment of the expenses referred to in subsection (a) hereof shall be disbursed as follows: (i) Fifteen percent shall be deposited in a special fund and used to pay costs of storm drainage system and street system rehabilitation, reconstruction and improvements and principal of and interest and any premium on general obligation bonds and bond anticipation notes of the City of North Olmsted; (ii) Fifteen percent shall be deposited in a special fund and used to pay costs of permanent improvements and principal of and interest and any premium on general obligation bonds and bond anticipation notes of the City of North Olmsted; and (iii) Seventy percent shall be deposited in the General Fund and used for any of the purposes specified in Section 1501.0101 of this Title." Section 6. Effective January 1, 1988, Sections 1501.0101, 1501.0501, 1501.0502, 1501.1302 and 1501.2101 of the Codified Ordinances of the City of North Olmsted, Ohio, as established by Ordinance No. 67-70, passed May 16, 1967, as amended by Ordinance No. 68-105, passed June 18, 1968, and Ordinance No. 71-161, passed December 21, 1971, as they have heretofore existed, are hereby repealed. No provision of this ordinance, including the repeal of Sections 1501.0101, 1501.0501, 1501.0502, 1501.1302 and 1501.2101 of the Codi- fied Ordinances of the City of North Olmsted, Ohio, as they have heretofore existed, shall in any way affect any rights or obligations of the City of North Olmsted, any taxpayer, or any other person, official or entity, with respect to the one percent municipal income tax authorized by Sections 1501.0101, 1501.0501, 1501.0502, 1501.1302 and 1501.2101 of the Codified Ordi- nances of the City of North Olmsted, Ohio, as they have heretofore existed. Section 7. It is found and determined that all formal actions of this Council concerning and relating to the passage of this ordinance were taken in an open meeting of this Council, and that all deliberations of this Council and of any of its committees that resulted in such formal action, were in meetings open to the public in compliance with the law. Section 8. This ordinance is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health, safety and welfare of the City and for the further reason that this ordinance - 4 -