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CITY OF NCRTH QLMSTED <br />RESOLUTION N0. 7_Z ? <br />Ev' <br />RySOLUTTQN DETERNIINTNG i'0 ACCF,I.'T AFINANCING PTaAIV FOR `iliE <br />C()NSTRUCTICJN OF A Su'6aEEi.AGE rl'REATMENT PLANT AND SAIIIT,ARY <br />S?,'qrJER ZI1_dF,S FtP. `IHE CITY OF NtYRTH MNL5TLD t AND DECLARII'1G <br />AN IIMERGENCY. <br />? WI3EREA,S., herstofore Couneil has retained the Office ol Hayden, <br />M.i.1.]er ?c Co. as fiscal agent to prepare a financing pl.an for the construction <br />of a sanitazy sewerage system and treatment plant for the City of North 4].msted. <br />N{}LI; U?.?tEFtREi BE I`l' uu54LVED by the CounciJ. of the City of North <br />OLnsted., S-tate of 4hior <br />Sec. l+ The Council of this City does nereby adopt in substanae the <br />proposed f3.n.ancirig plan for the puxpose of financing the cora.struction of a <br />sazi.tary sewerage treatment plant and sewer lines prspared by Hayden,Mil.ler <br />& Co., the City's fiscal agents under date of September 28, 1959, and which <br />plan is in the approxi.mate sum of Four Pti.llion Nine Hundred Thousand Dollars <br />($4.,900.000), which sum is to include monies obtained by the Federal Grant <br />to said City for sRid plan, and which grant is in the araount of Two Hundred <br />Fifty Zhousand Dollars ($250,t000), a surn from the Cuyahoga County Budget <br />Corr?n?ission appropriationy if any., 4ne PRillion Seven Hundrsd Thousand Dollars <br />($1,700,000) of general obli.gation bonds approved by the vo-ters at the General <br />E1.eetion, Noveinber 3, 1959, bonds serviced by special assessments against the <br />benefited propertg and mortgage revenue bonds. <br />Sec. 2s 14h.arefore, this resolution is hereby declarod to be an amergency <br />measure necessary for the pub3_ic health,, sa£ety anr3 welfare of the City and such <br />emergency ex:i.sts bf vistiie of the necessity of immediately adopting the Financing <br />Plan for the construction of a sanita:ry sewerage treatmsnt plant and sewer l.in.ps <br />prepared by the Haydenp Millor & Co.., fiscal agents as the construction of said <br />sanitary sewerage aystem hag been ini.tiated by the letting of a contract for the <br />construction of a sanitary sawerage treatment plant, the first step in the con- <br />stxuction of the over-all sanitary sewerage treatment syst,em. <br />Sgc. 3: irJhsreforep this resolution sna?.1 take iraraediate effoct from and <br />after its passaoep atherwisep at the earlisst period allowed by 1aw. <br />Passed: <br />6{ <br />. <br />ATTES <br />4 -` • ?,/ ? " G''i°'°°C.-'G tL-C.+ '? ... G'- : ?, _ ± <br />? ouise Ha ? lzr of ounc nFuce c onm i ee ent,o ounc' <br />A1'PROVED: <br />i'au J. dar uj . yor <br />r <br />? <br />f(l„?'??.?; <br />r1 /' , .?IV ' 3 /' V <br />W ? <br />`?' ??? <br />3? .