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. . <br />CITY OF NORTfi OIMSTID <br />ORDINANCE N0. 88-63 <br />By: Mayor Petrigac: <br />AN ORDINANCE ESTABLISHING A MOTC)R VEHICLE LICENSE <br />TAX FCRJD WITHIN THE SPECIAL REVENCTE FCTND GROLTP FOR <br />THE PLTRPOSE OF ACCOITNTING FOR RECEIPTS AND <br />EXPENDIT[TRES OF PERMISSIVE M(7MR VEHIC.LE LICIINSE <br />TAXES LEVIID tTNDER SECTIONS 4504.15, 4504.16, <br />4504.17, 4504.171, AND 4504.172 OF THE OHIO REVISID <br />CODE, AND DECLARZNG IT TO BE AN IIMERGEDTCY. <br />WFIERF,AS, the City of North O]msted through Ordinance 87-82 has levied a <br />peYm.issive motor vehicle license tax under sections 4504.17, 4504.171, and <br />4504.172 of the Ohio Revised Code; and <br />WfERF,AS, the County of Clxyahoga has levied a permissive motor vehicle <br />license tax under sections 4504.15 and 4504.16 of the Ohio Revised Code; and <br />WHEREAS the Auditor of State of Ohio has determined that permissive mo- <br />tor vehicle license taxes levied under sections 4504.15, 4504.16, 4504.17, <br />4504.171, and 4504.172 of the Ohio Revised Code must be accounted for <br />through the use of a separate Fund titled the Motor Vehicle License Tax Fund. <br />Ndf^1F THEREFORE, BE IT ORDAINED BY THE CITY OF NORTH OINiSTED, COLTNTY OF <br />CCIYAHOGA, AND STATE OF OHIO: <br />SDCTION 1: That there is hereby created a Motor Vehicle License Tax <br />Fund within the Special Revenue F?and group to account for the receipt of all <br />permissive motor vehicle license taxes levied under sections 4504.15, <br />4504.16, 4504.17, 4504.171, and 4504.172, and interest earned on the invest- <br />ment of such taxes as woell as the expenditure of such revenue towards public <br />roads, highways, streets, bridges, viaducts, crossing signals, signs, mark- <br />ers, lights, signals, Department of Transportation shared project expenses, <br />debt service, and the cost of administering the tax. <br />SECTION 2: That the Director of Finance be and he is hereby directed <br />to establish a Motor Vehicle License Tax Fund and to make payments out of <br />the said fund consistent with this Ordinance. <br />SECTION 3: That the Clerk of Council shall immediately fozward an at- <br />tested copy of this Ordinance to the Auditor of Cuyahoga County and the Audi- <br />tor of State of Ohio. <br />, .