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<br />8esolution No. c- ? <br />Page Two <br />Sectian 5s That this resolution is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public peace, health, safety <br />and general welfare of the City of North Olmsted, and such emergency exists by virtue <br />of the necessity of permitting the developer to substitute new surety bonds for Sub- <br />divisions 1 and 2 of Olmsted Colony, Tnc., which bonds axe for insuring the completion <br />of i.mprovements in said subdivisions in aceordance with the ordinanees of this City, <br />thereby freeing additional capital to said developer permitting the completion of <br />its development, a substantial gortion of said improvements having been completed to the <br />satisfaction of the City Engineer and Council. <br />Section 6, Wherefore, this resolu-Lion shall take immedir:,te effect from and <br />after its passagev otherwrtse, at the earliest perxod allowed by law. <br />? <br />Passed: r <br />ATTEST: , <br />-- <br />Louise Hall, Clerk of Council <br />AP'PI3EVDs <br />P4U1 J. Ga,tei,u.; Mayo <br />, <br />?? . <br />' • j <br />C r3ruce Macllonald, President of Council <br /> ? <br />y <br /> <br />? i; <br />t., ? 4