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purpose trail, playgrounds, bocce courts, parking areas and related supporting facilities and improving existing ball fields, restrooms and other facilities; and improving Barton and Bradley Park by improving existing facilities and providing supporting site, street and sidewalk improvements, in each case together with the necessary appurtenances and work incidental thereto, and levying a tax to pay the debt charges on the Bonds and on any notes issued in anticipation of the Bonds. The average annual property tax levy required throughout the stated maturity of the Bonds to pay the debt charges on the Bonds has been estimated by the Cuyahoga County Fiscal Officer to be 3.60 mills for each $1.00 of tax valuation, which amounts to 36.0 cents for each $100 of tax valuation, and this Council estimates that the tax for debt charges on the Bonds and any anticipatory securities will first be levied in tax year 2018 and first due and collected in calendar year 2019. SECTION 2. The Clerk of Council is directed to certify to the Cuyahoga County Board of Elections and, in accordance with Section 5705.03(B) of the Revised Code, as amended effective September 29, 2017, to the Cuyahoga County Fiscal Officer before the close of business on Wednesday, February 7, 2018: (i) a copy of Resolution No. 2017-89 declaring the necessity of the bond issue and providing for the principal of the Bonds to be paid over a maximum of twenty-four years, which number of years is certified to the Board of Elections; (ii) the certifications of the Cuyahoga County Fiscal Officer as to the City's total current tax valuation and the estimated average annual property tax levy; and (iii) a copy of this Resolution. This Council requests that the Board of Elections give notice of the election and prepare the necessary ballots and supplies for the election in accordance with law. 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 that all deliberations of this Council and of any of its committees that resulted in those fon-nal 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 this Resolution and other materials with the Board of Elections and the County Fiscal Officer in order to submit the bond issue to the electors on May 8, 2018; wherefore, this Resolution shall be in full force and effect immediately upon its adoption and approval by the Mayor. Adopted: ti r/c, , 2018 Attest: Clerk of Council Approved: ? , 2018 -26- y - ayor Presiden C ncil