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CITY OF NORTH OLMSTED ORDINAIVCE NO. 68- l? BY AN ORDINANCE AMENDING ORDINANCE NO. 67-70 ( CODIFIED ORDIIVANCES TTTLED ONE, CHAPTER 15, SECTIONS 1501. 1302 ( SUB-PARAGRAPH C), SECTION 1501.1501, AND SECTION 1501.1502 ) ENACTED MAY 16. 1967, AND DECLARING AN EMERGENCY. WHEREAS, Ordinance No. 67-70 establishing an Income Tax in the City of North Olmsted, and WHEREAS, Council now wishes to amend porti.ons of the Income Tax Ordinance. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of North Olmsted. State of Ohio: Secti.on l. That Ordinance 67-70 ( Codified Ordinances, Chapter 15 Section 1501.1302, Sub-paragraph C) presently reading as follows : C. Such employer who deducts the tax i.n an amount of $250.00 or more !n the first or second month of a calendar quarter shall, on or before the 20th day of the following month, pay to the Admini.strator the amount of taxes so deducted. be and th.e same is hereby amended to read as follows : C. Such employer who deducts the tax 9.n the amount of $lOb. 00 or more in the first or second month of a calendar quarter shall, on or before the 20th day of the following month, pay to the Administrator the amount of taxes so deducted. Section 2. That Ordinance 67-70 ( Codified Ordinances, Chapter 15 Section 1501.1501 ) presently reading as follows : All taxes imposed and all monies withheld or required to be withheld by employers under the provisioes of this Title of the Codified Ordinances of the City of North Olmsted and remaining unpaid after they become due shall bear i.nterest at the rate of one-half of one per cent ( 1/2 %) per month or fraction thereof. be and the same is h+ereby amended to read as follows : All taxes imposed and all monies withheld or required to be withheld by employers under the provisi.ons of this Title of The Codified Ordinances of the City of N. Ohisred and remaining unpaid after theY become due shall bear interest at the rate of s?.x per cent ( 6% ) per annum or fract-hon thereof. Section 3, That Ordinance 67-70 ( Codifi.ed Ordinances; Chapter 15 Sect?_on 1501.1502 ) presently reading as follows : In addit;.on to i.nterest as provided in Section 15,11.1501 hereof, penalti_es based on the unpaid tax are hereby imposed as follows :