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CITY OF NORTH OLMSTED
<br />ORDINANCE NO. 96-82
<br />BY: Councilmember Lind
<br />AN ORDINANCE PROVIDING FOR THE ISSUANCE
<br />AND SALE OF $355,000 NOTES, IN ANTICIPATION
<br />OF THE ISSUANCE OF BONDS, FOR THE PURPOSE
<br />OF IMPROVING THE CITY ADMINISTRATION
<br />COMPLEX BY RENOVATING, REMODELING,
<br />REHABILITATING AND OTHERWISE IMPROVING
<br />THE TOWN HALL, REMODELING, FURNISHING
<br />AND EQUIPPING THE CITY HALL, IMPROVING
<br />THE ELECTRICAL SYSTEM SERVING THE COM-
<br />PLEX AND INSTALLING A BACK-UP ELECTRICAL
<br />SYSTEM FOR THE CITY'S COMPUTER, TELE-
<br />PHONE AND EMERGENCY LIGHTING SYSTEMS
<br />AND CONSTRUCTING A CANOPY TO COVER THE
<br />FUEL PUMP ISLAND ON THE SITE THEREOF,
<br />TOGETHER WITH THE NECESSARY APPURTE-
<br />NANCES AND WORK INCIDENTAL THERETO,
<br />AND DECLARING AN EMERGENCY.
<br />WHEREAS, pursuant to Ordinance No. 93-123, passed on October 19, 1993, notes
<br />in the amount of $150,000 were issued in anticipation of bonds for the purpose of improving the
<br />electrical system at City facilities and installing a backup electrical system for the City's
<br />computer, telephone and emergency lighting systems, together with the necessary appurtenances
<br />and work incidental thereto, as a part of a consolidated issue of $545,000 Various Purpose
<br />Notes, Series 1993C, dated November 23, 1993, which notes were retired at maturity with the
<br />proceeds of $150,000 notes issued in anticipation of bonds pursuant to Ordinance No. 94-139,
<br />passed on September 20, 1994, as a part of a consolidated issue of $11,755,000 Various Purpose
<br />Improvement Notes, Series 1994E, dated October 18, 1994, which notes were retired at maturity
<br />with the proceeds of $150,000 notes (the 1995A Notes) issued in anticipation of bonds pursuant
<br />to Ordinance No. 95-80, passed on June 6, 1995, as amended by Ordinance No. 95-89, passed
<br />on June 6, 1995, as a part of a consolidated issue of $35,310,000 Various Purpose Improvement
<br />Notes, Series 1995, dated June 22, 1995, which 1995A Notes are to mature on June 20, 1996;
<br />and
<br />WHEREAS, pursuant to Ordinance No. 94-42, passed on March 1, 1994, as
<br />amended by Ordinance No. 94-77, passed on April 19, 1994, notes in anticipation of bonds in
<br />the amount of $100,000 were issued for the purpose of improving the City Administration
<br />Complex by renovating, remodeling, rehabilitating and otherwise improving the Town Hall
<br />therein and constructing a canopy to cover the fuel pump island on the site thereof, together with
<br />necessary appurtenances and work incidental thereto, as a part of a consolidated issue of
<br />$13,920,000 Various Purpose Improvement Notes, Series 1994C, dated June 22, 1994, which
<br />notes were retired at maturity with the proceeds of $100,000 notes (the 1995B Notes) issued in
<br />anticipation of bonds pursuant to Ordinance No. 95-81, passed on June 6, 1995, as amended by
<br />Ordinance No. 95-89, passed on June 6, 1995, as a part of a consolidated issue of $35,310,000
<br />Various Purpose Improvement Notes, Series 1995, dated June 22, 1995, which 1995B Notes are
<br />to mature on June 20, 1996; and
<br />D03: [00523.DOCS.NOR05225]NOTE_ORD_CITY_ADMIN_COMP_$355.
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