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,~ .CITY OF NORTH OLMSTED ORDINANCE N0. 75-211 BY: AN ORDINANCE AUTHORIZING THE DIRECTOR OF LAW TO APPROVE A JOURNAL ENTRY TO ENABLE THE "INTERIM" DISTRIBUTION OF LOCAL GOVERNMENT FUNDS, AND DECLARING AN EMERGENCY. WHEREAS, certain litigation pending in the Supreme Court of Ohio has the effect of preventing distribution of the 1975 Local Government funds; and WHEREAS, it is necessary that we have as much of these funds as is possible in order to meet the financial needs of our municipality; and WHEREAS, the Supreme Court of Ohio has indicated that if all or substantially all governmental units agree to a Journal Entry in the form attached, a distribution of approximately one hundred percent (100%) of an amount equal to the "lower" of either the County Budget Commission (as affirmed by the Board of Tax Appeals) or the allocation as proposed by the City of Cleveland in its appeal to the Board of Tax Appeals; and WHEREAS, the proposed Journal Entry has provisions for repayment in the event the advance to any subdivision is greater than the final determination of the Court; ,T~ ~: NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OHIO: SECTION 1: That the Director of Law he and he is hereby authorized to approve and to execute on behalf of the City a Journal Entry, in the form set forth in Exhibit I attached hereto, authorizing an interim distribution of local government funds. SECTION 2: That the Clerk of Council be and is hereby authorized and directed to transmit a certified copy of this ordinance together with the signed Journal Entry to the Budget Commission of Cuyahoga County, Room 301, County Administration Building, 1219 Ontario Street, Cleveland, Ohio, 44113, for inclu- sion in a master Journal Entry to be presented to the Supreme Court of Ohio. SECTION 3: That this ordinance is hereby declared to be an emergency measure, immediately necessary for the preservation of the public peace, health, and safety of the City, and for the further reason that thc~is necessary to provide the usual funds for the daily operation of the City of North Olmsted, and further provided it receives the affirmative vote of two-thirds of all members elected to Council, it shall take effect and be in force immediately upon its passage and approval by the Mayor. PASSED: ~ l~t~C_ ~4, ~~,J~ ATTES / V ft:c.~G.~ /%~,a"~,,~,f NORA T. HILL, CLERK OF COUNCIL APPROVED: 9 /~(r~7~ ~~ RALPH CHRISTMAN, MAYOR a FRANCIS J. O'NEI , P SIDENT OF COUNCIL