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SECTION 2. The Clerk of Council is directed to certify to the Cuyahoga County Board of <br />Elections before the close of business on Wednesday, August 8, 2018: (i) a copy of Resolution No. 2018-71 <br />declaring the necessity of the bond issue and providing for the principal of the Bonds to be paid over a <br />maximum of twenty-four years, which number of years is certified to the Board of Elections; (ii) the <br />certifications of the Cuyahoga County Fiscal Officer as to the City's total current tax valuation and the <br />estimated average annual property tax levy; and (iii) a copy of this Resolution. This Council requests that the <br />Board of Elections give notice of the election and prepare the necessary ballots and supplies for the election in <br />accordance with law. <br />SECTION 3. This Council finds and determines that all formal actions of this Council and of any <br />of its committees concerning and relating to the adoption of this Resolution were taken, and that all <br />deliberations of this Council and of any of its committees that resulted in those formal actions were held, in <br />meetings open to the public in compliance with the law. <br />SECTION 4. This Resolution is declared to be an emergency measure necessary for the <br />immediate preservation of the public peace, health, safety and welfare of this City and for the further reason <br />that this Resolution is required to be immediately effective to enable the City to proceed timely with the filing <br />of this Resolution and other materials with the Board of Elections and the County Fiscal Officer in order to <br />submit the bond issue to the electors on November 6, 2018; wherefore, this Resolution shall be in full force and <br />effect immediately upon its adoption and approval by the Mayor. <br />Adopted: ✓S T , 2018 <br />Attest: <br />Clerk of Council <br />Approved: 12018 <br />AlkeXLA�� <br />4 Qoyu,_� <br />President o cil <br />; 7 V, <br />i <br />�_ P ? <br />(�-I,sskL)(-Y,�:0a <br />