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RESOLUTION N0. (,~~" / 7~j <br />~l RESOLUTION DETERMINING TO Pf~CEED WITH THE ELECTION <br />UPON Tf~ PROPOSED ISSUE OF $ONDB F(?R THE PUR1'O6E OF <br />CONSTRUCTING AND EQUIPPING AN INDOOR SWIMMING POOL TO- <br />GETf{ER WITH THE APPURTENANCES THERETO, INCLUCING AC- <br />QUISITION AIID IMPROVEMENT flF' THE SITE THEREOF'. <br />x <br />1 <br />~~ <br />~~ <br />'~'~ - ~ <br />~~ <br />`~ / <br />WHEREAS, Council of the City of North Olmsted on the 15th day <br />of July, 1965, duly passed Resolution No.65-173 providing for the submission <br />to the electors of said City of the question of issuing bands in the sum of <br />$325,000 for the purpose of constructing and equipping an indoor swimming <br />pool together with the appurtenances thereto, including acquisition and <br />improvement of the site thereof and of a levy of a tax to provide for the <br />payment of the principal and interest thereof at the general election to be <br />held on November 2, 1~5; and <br />WHEREAS, the County Auditor of Cuyahoga County has certified to <br />Council that in accordance with his calculations the average annual tax levy <br />throughout the life of such bonds which wot.tld be required to pay the interest <br />on and to retire the same, assuming that they are all issued in one series <br />and that the amo~int of the tax list of this City remains the same throughout <br />the life of said bonds as the amount of such list for the current year is <br />,336 mills for each $1.CX; of valuation, which amounts to 3.=,46 cents for <br />each $100 of vaiuat#~on; <br />NOW, THEREFORE, BE IT RESOLVEZ- by the Council of the City of <br />North Olmsted, Cuyahoga County, Ohic: <br />Section i. That Council. hereby determines to .proceed with the <br />issuance of said '?onds arxi that the Cier:; be and he is hereby directed to <br />certify to the Board of Elections of Cuyahoga t'ounty, Ohio, Resolution <br />No. 65-173 aforesaid calling such election, together with the amount of <br />the average tax ,.eery estimated as aforesaid by the County Auditor and. the <br />maximum number of years to retire said t:~nds, narr.Piy twenty-ore years, and <br />this Council her~'t>y req!~ests sal : Rvard of" E:lecti,:~ns *.. , gve notice of said <br />election and :o prepare the ne~e.~sary ballots and supplies for said electian. <br />Section ~. This reolutior. is hereby declared to be an emergency <br />measure necessary for the immediate preservation of t~F' public peace, i:ealth <br />and safety of said City and for the further reason that the construction of <br />said swimming pool is necessary to provide adequately f'or the healthful <br />recreation of the residents of the C'i*}~; wherefore, ~,hi:~ resolution shall <br />be in full force and effect from and immediately after its pe.ssr~ge and <br />approval by the Mayor. <br />Passed: , 196 <br />" Attest <br />Clerk of Council <br />kresident of ^,a~~n~~il <br />Approved <br />!r!a yur <br />1955 <br />