Laserfiche WebLink
' ~ ORDINANCE N0. ~ ~ -~~ <br />AN ORDINANCE Ta AMEND ORDINANCE N0. 64-35 PROVIDING FOR <br />THE I88~E OF 1~(lTRS FOR THE CON~I'RtJCTION OF A WATER <br />MAIN IN I~R'i'H PAHC DRIVE, AND DECLARING AN EMERGE[~CY <br />WHEREAS, by Ordinance No. 6~-36, passed February 18, 196+, provision was <br />made for the issuance of a note in the amount of $16,972 to pay the property <br />owners' portion of the cost of constructing a water main in North Park Drive <br />between certain termini; and <br />WHEREAS, it has been determined that the City's portion of the cost of <br />said improvement, to be paid out of cash funds available therefor, will in <br />fact be is-the amount of $5,092.16 and the property owners' portion to be <br />financed a~C-uld thereby be reduced to $12,227, thus requiring an amendment <br />to the aforesaid ordinance to reduce the amount of note financing, <br />NOW, THEREFORE, BE IT ORIaAINED by the Council of the City of North Olmsted, <br />Ohio: <br />Section 1. That Sections l and 3 of Ordinance No. 64-36 be-and. they are <br />hereby amended to read as follows: <br />Section 1. That it is hereby declared necessary to issue <br />bonds of the City of North Olmsted in the principal sum of <br />$12,227 for the purpose of paying, in anticipation of the col- <br />lection of special assessments for the construction of a water main <br />in North Park Drive between certain termini. <br />Section 3. ghat for the purpose of raising money in <br />anticipation of the levy of special assessments and of the <br />issuance of the aforesaid bonds for the above described improve- <br />ment, it is hereby deelaxed necessary to issue and there shall <br />be issued notes of said City in the principal amount of $12,227• <br />Section 2. That Sections 1 and 3 of Ordinance No. 6~+-36 be and they are <br />hereby repealed. <br />Section 3. This ordinance is hereby declared to be an emergency measure <br />necessary for the immediate preservation of the public peace, health and safety <br />of the City, and for the further reason that prompt provision of funds is required <br />to proceed with the construction of ~ waterworks improvement necessary for fire <br />protection and the health of the abutting owners and inhabitants of the City; <br />wherefore, this ordinance shall be ixi full force and effect fmm and immediately <br />after its passage and approval by the Mayor. <br />Passed: , 196+ <br />Attest: <br />1 o Council <br />~~~ <br />Presi ent o C cil <br />March 18 , ~ 1961 <br />PProved <br />y , <br />or ~ -3 ~ ~ <br />