64-173 Resolution - Laserfiche WebLink

Home Browse Search

CITY OF NORTH OLMSTED Resolution No. 64-173 By: Mr. Mangani A RESOLUTION DETERMINING TO PROCEED WITH THE ELECTION UPON THE PROPOSED ISSUE OF BONDS FOR THE PURPOSE OF CONSTRUCTTNG AND EQUIPPING AN OUTDOOR MUNICIPAL SWIMMING POOL WITH APPURTENANT STRUCTURES, MAKING SITE IMPROVEMENTS AND ACQUIRING NECESSARY INTERESTS IN REAL ESTATE THEREFOR, AND DECLARING AN EMERGENCY. WHEREAS, the Council of the City of North Oimsted on the 14th day . Nt4y of July, 1964, duly passed Resolution No. 64-161 providing for the submis- sion to the electors of said City of the question of issuing" bonds in the sum of $250,000 for the purpose of consti+i~.eting and equipping an outdoor municipal swimming pool with appurtenant structures, making site improvements and acquiring necessary interests in real estate therefor, and of the levy of a tax to provide for the payment of the principal and interest thereof at the general election to be held on November 3, 1964; and WHEREAS, the County Auditor of Cuyahoga County has certified to Council that in accordance with his calculation the average annual tax levy throughout the life of such bonds which would be required to pay the interest on and to retire the same, assuming that they are all issued in one series and that the amount of the tax list of this City remains the same throughout the life of said bonds at the amount of such list for the current year is .29829 mills for each one dollar of valuation which amounts to 2.9829 cents for each one hundred dollars of valuation; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of North Olmsted, Cuyahoga County, Ohio: Sect inn 1. That Council hereby determines to proceed with the issuance of said bonds and that the Clerk of Council be and she is hereby directed to certify to the Board of Elections of Cuyahoga County, Ohio, Resolution No. 64-161 aforesaid calling such election, together with a copy of this resolution and the amount of the average tax levy estimated as aforesaid by the County Auditor and the maximum number of years to retire said bonds, namely twenty-one ;years and request the said Board of Elections to give notice of said election and to prepare the necessary ballots and supplies for said election. Section 2. This resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health and safety of the City and for the further reason that the immediate construc- tion of said swimming pool is necessary to provide adequately for the health- ful recreation of the residents of the City; wherefore, this resolution shall be in full force and effect from and immediately after its passage and approval by the Mayor. ' ~ r ~ r- Passed: 1964 Francis J. O'Neill, Pr ident of Council Attest ' Margare T. West, Clerk of Approved--~e~ /9G ~ 1964 o unc i l '~" Ralp E. Christman, Mayor 1st reading; 2nd reading: 3rd reading; 4th reading: Q~~~