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RE30L U T ION 4;- ,? <br />TO PROVIDE FOR THE BALE OF $ 1, 525, 000 <br />FIRST IvIORTGAGE gESyERAGE SYSTEM REyENiTIC <br />BOND6 A ND THE A WA RD THEREOF. <br />WHEREAB, TAe Council of the City of North Olmstcd, Ohio has <br />authorized the issuance and sale of ;1, 525, 000 Firat 1?tortgagc Aevenue Honds, <br />? ta pzy certain costs of improvina the sewer facilities, and <br />WHEREAS, Joha Nuveea & Co., Inc. and Associatea hav@ submitted <br />a proposal dattd <br />at intcrest rates of? ??' <br />this , <br />proposal bcing deetned to be favorable to the City ? ?oi or?tb Olmst Oho <br />sol <br />N01A? THEREFpRE, be it resolved by the Council of the City of <br />North Olmsted, Ohio, that the proposal of JoAn Nuveen !c Co., Inc. and <br />Associztes be and the same is hereby accepted aubject to compliance with <br />Section 133.371 of the Revised Code of Ohio, and the Clerk is hereby directad <br />to deliver an executed copy of this resolution to John Nuveaa Ik Co., Inc. <br />This resolution is hercby declarcd ta be an ermrgencp measure <br />neccssazy for the immediate prescrvation of the public healt2i, safety and wetfare <br />in said Municipality and for the further rcason that immediatc construction of the <br />improvemcnts to be provided for from the proceeds of these bocids is esscntial <br />to providc adequatc sewcraZe fzcilitics for the protection of the pubtic welfare <br />in said Mur.iciFsality; WHEREFpxE, tnis resolution shall be in full force and <br />cffect frorn and immediatcly after its passage. <br />Resolution propcrly moved and secoaded; vote ?I aye; ?y, <br />Passcd at a mceting hcld this %S''day of 1,960. <br />Y R <br />. * C L E-R K <br />I hereby ceriif,,' A:a!t tl?c foregoing is a true copy of a resolutioa <br />pasaed by the Council of tij,• Cxty of P(o-,?th 02msted, Ohio on tha ;`? day of <br />c -C ???ZL e '-? ; 1^60. <br />? <br />. <br />?