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<br />CITY OF NORTH OLMSTED
<br />ORDINANCE NO. 96-78
<br />BY: Councilmember Lind
<br />AN ORDINANCE PROVIDING FOR THE ISSUANCE
<br />AND SALE OF $1,045,000 NOTES, IN
<br />ANTICIPATION OF THE ISSUANCE OF BONDS,
<br />FOR THE PURPOSES OF ACQUIRING MOTOR
<br />VEHICLES AND EQUIPMENT, TOGETHER WITH
<br />THE NECESSARY APPURTENANCES THERETO,
<br />FOR USE IN CARRYING OUT FUNCTIONS OF THE
<br />DEPARTMENT OF PUBLIC SERVICES AND
<br />ACQUIRING MOTOR VEHICLES, INCLUDING FOUR
<br />PICK-UP TRUCKS AND THREE AUTOMOBILES,
<br />FOR USE IN CARRYING OUT CITY SERVICES AND
<br />FUNCTIONS, AND DECLARING AN EMERGENCY.
<br />WHEREAS, pursuant to Ordinance No. 91-86, passed on June 18, 1991, notes in
<br />anticipation of bonds in the amount of $125,000 were issued for the purpose of acquiring a
<br />motor vehicle for use in carrying out functions of the Department of Public Service, as a part
<br />of a consolidated issue of $4,200,000 Various Purpose Notes, Second Series, dated July 31,
<br />1991, which notes were retired at maturity with the proceeds of $125,000 notes issued in
<br />anticipation of bonds pursuant to Ordinance No. 92-33, passed on April 7, 1992, as amended
<br />by Ordinance No. 92-41, passed on April 21, 1992, as a part of a consolidated issue of
<br />$4,200,000 Various Purpose Notes, First Series, dated Apri123, 1992, which notes were retired
<br />at maturity with the proceeds of $125,000 notes (the 1992 Notes) issued in anticipation of bonds
<br />pursuant to Ordinance No. 92-160, passed on November 4, 1992, as a part of a consolidated
<br />issue of $5,100,000 Various Purpose Notes, Series 1992, dated December 16, 1992; and
<br />WHEREAS, pursuant to Ordinance No. 93-48, passed on April 20, 1993, notes in
<br />anticipation of bonds in the amount of $260,000 were issued for the purpose of acquiring, for
<br />use by the Department of Public Service, two two and one-half-ton trucks, a three-ton tandem
<br />dump truck, a one-half ton pickup truck, a one-ton chipper truck, a sweeper and a small loader
<br />backhoe, together with the necessary appurtenances thereto, as a part of a consolidated issue of
<br />$510,000 Various Purpose Notes, Series 1993A, dated May 25, 1993, which notes were retired
<br />at maturity with the proceeds of $260,000 notes (the 1994A Notes) issued in anticipation of
<br />bonds pursuant to Ordinance No. 94-4, passed on January 4, 1994, as a part of a consolidated
<br />issue of $2,510,000 Various Purpose Notes, Series 1994A, dated January 19, 1994; and
<br />WHEREAS, the 1992 Notes and the 1994A Notes were retired at maturity with the
<br />proceeds of $385,000 notes issued in anticipation of bonds pursuant to Ordinance No. 94-133,
<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 $385,000 notes (the 1995A Notes) issued in anticipation of bonds pursuant
<br />to Ordinance No. 95-76, 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 />D03:[00523.DOCS.NOR05225]NOTE_ORD_MOTOR VEH $1 045.
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