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SECTION 1: That Chapter 15, Title One of the Codified Ordinances, titled "Taxation <br /> Code; Municipal Income Tax" which presently reads in its entirety as set forth in Exhibit A, <br /> which is attached to this Ordinance and incorporated by reference as if fully rewritten herein, <br /> shall be amended and, as amended, shall read in its entirety as set forth in Exhibit B, which is <br /> likewise attached to this Ordinance and incorporated by reference as if fully rewritten herein. <br /> SECTION 2: It is found and determined by the Council that this Ordinance is to have <br /> prospective application only. Salaries, wages, commissions and other compensation, together <br /> with net profits, or any other income subject to the North Olmsted municipal income tax and <br /> earned in and prior to the year 2015 shall be governed by Chapter 15, Title One of the Codified <br /> Ordinances, titled "Taxation Code; Municipal Income Tax" as it existed immediately prior to <br /> the effective date of this Ordinance. <br /> SECTION 3: That this Ordinance is hereby declared to be an emergency measure <br /> immediately necessary for the preservation of the public health, safety and welfare, and for the <br /> reason that this legislation must go into effect immediately in order to be in effect by January 1, <br /> 2016; and further provided it receives the affirmative vote of two-thirds of all members of <br /> Council, it shall take effect and be in force on January 1, 2016, following passage and approval <br /> by the Mayor. <br /> PASSE • 1:11,26_1,‘. First Reading: / dot <br /> Second Reading: • Itty <br /> Third Reading: / <br /> Committee: ft .n u <br /> ATT <br /> Lt: 412_,C / <br /> 44 PA AA . <br /> MARIE ALLO NICOLE DA JON / <br /> Clerk of Council President of Council <br /> APPROVED. Ay (k1 APPROVED APPROVED AS TO LEGAL FORM: <br /> /s/Michael R. Gareau, Jr. <br /> •YOR KEVIN M KENNED MICHAEL R. GAREA U, JR. <br /> Director of Law <br />