96-141 Ordinance - Laserfiche WebLink

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.? .. ?.a...?. .. ?.,.. ?1 _ .., ...?,. -3- interest, sinking fund and retirement charges on general obligation bonds and general obligation bond anticipation notes of the municipality issued from time to time, without a vote of the electors, to provide funds (i) to pay costs of providing and improving recreational facilities, or (ii) to provide funds to renew or refund general obligation bonds and general obligation bond anticipation notes issued for the purposes described in clause (i) and this clause (ii)." SECTION 2. If the foregoing proposal receives the affirmative vote of a majority of the electors voting thereon, then existing Section 8 of Article VIII shall be and the same is hereby repealed effective as of the date on which such amendment becomes effective. SECTION 3. It is the desire of the Council that the ballot for said question shall be in substantially the following form: PROPOSED CHARTER AMENDMENT A majority affirmative vote is necessary for passage. Shall Section 8 of Article VIII of the Ciry Charter be amended to revise the limitation on the aggregate amount of taxes that may be levied by the City Council, without a further vote of the people, so as to authorize the City Council to levy annually an additional tax at a rate not exceeding seven-tenths (.7) of one mill for a continuing period of time, beginning in tax year 1999, to provide funds for municipal recreational purposes, including payment of costs of permanent improvements and current operating expenses for those purposes and debt charges on unvoted general obligation securities issued (i) to pay costs of providing and improving recreational facilities, or (ii) to renew or refund securities issued for that purpose. ? Yes ? No SECTION 4. The Clerk of Council is authorized and directed to deliver a certified copy of this ordinance to the Board of Elections of Cuyahoga County no later than September 6, 1996. SECTION 5. This Council requests that the Board of Elections of Cuyahoga County cause to be duly given an appropriate notice of the election to be held on November 5, 1996, on the foregoing amendment to the Charter of this City and otherwise provide for such election in the manner provided by the general laws of the State of Ohio. SECTION 6. The Clerk of Council is authorized and directed to cause the full text of such proposed Charter amendment to be published once a week for two consecutive weeks in a newspaper of general circulation in the Ciry of North Olmsted, with the first