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2001-035 Ordinance
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2001-035 Ordinance
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1/16/2014 10:57:33 AM
Creation date
1/16/2014 3:26:31 AM
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North Olmsted Legislation
Legislation Number
2001-035
Legislation Date
3/21/2001
Year
2001
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underground wires and cables for street lighting in Country Club Boulevard from <br />Lorain Road to a point approximately 1400 feet east of Victoria Lane, in Victoria <br />Lane and in Kennedy Ridge Road between Butternut Ridge Road and Victoria <br />Lane; <br />(ii) reconstructing the pavement base, preparing the surface and paving with <br />concrete in Country Club Boulevard from a point approximately 1400 feet east of <br />Victoria Lane to Columbia Road; <br />(iii) grading, draining, curbing, reconstructing the pavement base, preparing the <br />surface and paving with concrete, constructing and reconstructing storm sewers, <br />and reconstructing sanitary sewers, sidewalks and driveway aprons, all where <br />necessary in Terrace Drive and in Sunset Oval; <br />(iv) grading, draining, curbing, reconstructing the pavement base, widening, <br />preparing the surface and paving, reconstructing and rehabilitating storm sewers <br />where necessary, and reconstructing sanitary sewers, sidewalks and driveway <br />aprons where necessary in Marion Avenue, in Clifford Road, in West 230th Street <br />from Clifford Road to Marion Avenue, in West 233rd Street from Clifford Road to <br />Marion Avenue; and <br />(v) reconstructing sections of the pavement base, preparing the surface and <br />paving, reconstructing storm sewers, curbs, sidewalks and driveway aprons and <br />reconstructing and rehabilitating sanitary sewers and sanitary sewer connections, <br />all where necessary in Louann Drive, Nancy Drive, Angela Drive, Gareau Drive, <br />Park Ridge Drive, Sherwood Drive, Forest Ridge Drive, Lynhaven Drive and <br />Windsor Drive; <br />in each case together with the necessary appurtenances and work incidental thereto, and to pay <br />expenses related to that advance refunding and to the issuance of the Bonds. <br />Subject to the limitations set forth in this ordinance, the aggregate principal amount of <br />the Bonds to be issued, the principal maturities of and principal payment schedule for the Bonds, the <br />interest rate or rates that the Bonds shall bear and certain other terms and provisions of the Bonds <br />identified in this ordinance are subject to further specification or determination in the Certificate of <br />Award upon the finalization of the terms and provisions of the Bonds. The aggregate principal <br />amount of Bonds to be issued, as so specified in the Certificate of Award, shall be the amount <br />determined by the Mayor and the Director of Finance to be necessary, taking into account any <br />premium above or discount from the aggregate principal amount of the Bonds at which they are sold <br />to the Original Purchaser, to carry out the purpose far which the Bonds are to be issued in a manner <br />consistent with the agreements and covenants of the City set forth in the Original Bond Legislation, <br />the Refunded Bonds and this ordinance. <br />Section 3. Denominations; Dating; Principal and Interest Payment and Redemption <br />Provisions. The Bonds shall be issued in one lot and only as fully registered bonds, in the Authorized <br />Denominations, but in no case as to a particular maturity date exceeding the principal amount <br />-5-
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