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Ordinance 2015-086
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Ordinance 2015-086
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10/8/2015 5:41:46 PM
Creation date
10/8/2015 5:29:18 PM
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North Olmsted Legislation
Legislation Number
2015-86
Legislation Date
10/6/2015
Year
2015
Legislation Title
Refunded Bonds Police Station Improvements
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and in an attorney-client relationship, that firm shall not exercise any administrative discretion on <br /> behalf of this City in the formulation of public policy, expenditure of public funds, enforcement of <br /> laws, rules and regulations of the State, any county or municipal corporation or of this City, or the <br /> execution of public trusts. For those legal services that firm shall be paid just and reasonable <br /> compensation and shall be reimbursed for actual out-of-pocket expenses incurred in providing those <br /> legal services. The Mayor is authorized and directed to sign and deliver the engagement letter, and, <br /> to the extent they are not paid by the Original Purchaser in accordance with the Purchase <br /> Agreement,the Director of Finance is authorized and directed to make appropriate certification as to <br /> the availability of funds for those fees and any reimbursement and to issue an appropriate order for <br /> their timely payment as written statements are submitted by that firm. <br /> Section 13. Compliance with Open Meeting Requirements. This Council finds and <br /> determines that all formal actions of this Council and of any of its committees concerning and <br /> relating to the passage of this ordinance were taken, and that all deliberations of this Council and of <br /> any of its committees that resulted in those formal actions were held, in meetings open to the public <br /> in compliance with the law. <br /> Section 14. Effective Date. This ordinance is declared to be an emergency measure <br /> necessary for the immediate preservation of the public health safety and welfare of this City and for <br /> the further reason that this ordinance is required to be immediately effective, which is necessary to <br /> enable the City to timely retire the Outstanding Note and take advantage of current favorable market <br /> conditions for the long-term financing of the improvements described in Section 2, and thereby to <br /> preserve its credit and achieve interest cost savings; wherefore, this ordinance shall be in full force <br /> and effect immediately upon its/passage and approval by the Mayor. <br /> Passed: Oei42 67 , 2015 <br /> r <br /> Attest: ft.,( J. C�L . ! s <br /> Clerk of Council President o o rl <br /> Approved: /0 /la ,2015 h4,54 i 944k c <br /> i 0(11 1C <br /> Mayor il'‘,4/"CA itko(-4•3' svt-PAAdi` <br /> tyvvivisA 1-7re-4A41}1-- <br /> - 18 - <br />
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