2017-089 Resolution - Laserfiche WebLink

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-2 - maximum number of years over which the principal of the Bonds may be paid is 24, and the Bonds will bear interest at a rate now estimated at 4.25% per year, payable semiannually. SECTION 2. The Clerk of Council is directed to certify a copy of this resolution to the County Fiscal Officer of Cuyahoga County for the certification of the total current tax valuation of the City and the estimated average annual property tax levy, expressed in dollars and cents for each $100 of tax valuation and in mills for each $1.00 of tax valuation, required throughout the maturity of the Bonds to pay the debt charges on the Bonds, assuming that they are all issued in one series and that the tax valuation of the City for the current year remains the same throughout the maturity of the Bonds. SECTION 3. This Council finds and determines that all formal actions of this Council and of any of its committees concerning and relating to the adoption of this resolution were taken, and all deliberations of this Council and of any of its committees that resulted in those formal actions were held, in meetings open to the public in compliance with the law. SECTION 4. This resolution is declared to be an emergency measure necessary for the immediate preservation of the public peace, health, safety and welfare of this City and for the further reason that this resolution is required to be immediately effective to enable the City to proceed timely with the filing of the materials necessary for the submission of the question of the bond issue to the electors at the election stated in Section 1; wherefore, this resolution shall be in full force and effect immediately upon its adoption and approval by the Mayor. Adopted: bK6rnW - 1) , 2017 Attest: Rkft Clerk of Council Approved:✓' / , 2017 President o o n Iso W.i,-, ?,-,) 12--M-t7 �-Mr��-�� ; �'��cr�-�;� ��l�c P��(,s tial l�►I�;,� s