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tt~;50LUTION N0, p <br />4 ~S <br />BY : ,~. ~a.~ <br />RESOLUTIOTV AUTHORIGITUG PAY~?T:~TVT OF <br />CITY PORTIOTV OF DELITVT~iUETVT COTVTRI- <br />BU TIONS TO `I'riE PUBLIC EUTPLOYEES <br />RETIRE%iETv7.' SYSTEi~~ <br />udHEREAS, the City of TJorth Olmsted is delinquent in the pay- <br />ment of the City portion of contributions to the Public Employees <br />Retirement System of Ohio in the amount of X9,016.62, and <br />'u~HEREAS, the rublic Employees Retirement System has consented <br />to accept installment payments on said delinquent amount due in the <br />sum of ~3$0.~0 per month for a period of 23 months and the sum of <br />~27b.62 the 24th month, with the first of said payments beginning vTay, <br />1953. <br />TdOW, THER:~FORr, tiE IT RESOLVEli BY THE COUTUCIL OF THE CITY OF <br />TVORTN OLT~ISTED , STATE OF OHIO: <br />That the City's portion of delinquent contributions in the <br />amount of ~9,U16.62 be paid over a period of 24 months and in install- <br />ments of ~3$O.UO each for 23 months and ~2'7b.62 the 24th month. The <br />first of said installments shall be payable in T~iay of 1853 and continue <br />each month thereafter until said delinquent amount is paid in full. <br />The Auditor is hereby authorized and directed to draw and forward a <br />check payable to the ~'ublic Employees Retirement System as herein <br />stipulated. <br />This is a n emergency measure necessary for the public health, <br />peace and safety and to immediately provide for the payment of an <br />obligation of the City of T~orth Olmsted. <br />PtiSSEi: April 21, 1953 <br />ri "1`T.~ S T <br />_._,~ <br />E . TuI. Christman , ~ ~ ~-a~ ounci: <br />ArPROVEli: <br />C arence ~~ viatt, Mayor <br />