2023-146 Resolution - Laserfiche WebLink

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CITY OF NORTH OLMSTED RESOLUTION NO. 2023 - 146 By: Mayor Jones A RESOLUTION AUTHORIZING THE MAYOR AND THE DIRECTOR OF FINANCE TO TRANSFER THE SUM OF SEVENTY-FIVE THOUSAND DOLLARS (%75,000.00) FROM THE GENERAL FUND TO THE NORTH OLMSTED COMMUNITY IMPROVEMENT CORPORATION FOR GENERAL OPERATIONS AND TO FUND THE NORTH OLMSTED NEIGHBORHOOD BEAUTIFICATION PROGRAM, AND DECLARING AN EMERGENCY. WHEREAS, the City of North Olmsted in 2022 authorized the formation of the North Olmsted Community Improvement Corporation to promote health, safety and general welfare of its residents and growth and development of business and industry within the City, and to advance and pursue such policy through the formation of a community improvement corporation; and WHEREAS, the North Olmsted Community Improvement Corporation thereafter entered into an Economic Development Agency Agreement with the City of North Olmsted to achieve the objectives of the newly -formed North Olmsted Community Improvement Corporation; and WHEREAS, it is the desire of this Council and the Administration to transfer to the North Olmsted Community Improvement Corporation from the General Fund for its initial general operations the sum of $50,000.00 and further transfer the sum of $25,000.00 to fund the North Olmsted Neighborhood Beautification Program, to be administered by the North Olmsted Community Improvement Corporation NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA, AND STATE OF OHIO.- SECTION HIO:SECTION 1: That the Mayor and Director of Finance are hereby authorized and directed to transfer to the North Olmsted Community Improvement Corporation the aggregate sum of seventy-five thousand ($75,000.00) for the following purposes: (1) for its initial general operations the sum of $50,000.00; (2) for initial funding for the North Olmsted Neighborhood Beautification Program the sum of $25,000.00. SECTION 2: This Resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health, safety and welfare and it is further necessary for this Ordinance to be in effect immediately upon its passage in order to transfer the funds in the year of appropriation (2023); and provided this Resolution receives the affirmative vote of five members of Council, it shall take effect and be in force immediately upon its passage and approval by the Mayor