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. ?+ . ? ,• . CITY OF NORTH OLMSTED 154 ORDINANCE N0. 90- gy: MAYOR BOYLE ? ? AN ORDINANCE TO AMEND SECTIONS 1501.0101, 1501.0501, 1501.0502, 1501.1302, 1501.1901 AND 1501.2101 OF THE CODIFIED ORDINANCES OF TFE CITY OF NORTH OLMSTED, OHIO, IN ORDER TO INCREASE THE MUNICIPAL INCOME TAX RATE FROM ONE PERCENT TO TWO PERCENT AND TO INCREASE -• THE MUNICIPAL INCOME TAX CREDIT TO ONE HUNDRED PERCENT OF THE INCOME TAX PAID TO ANOTHER MUNICIPALITY ON INCOME TAXED BY TFiE CITY OF NORTH OLMSTED TO THE EXTENT THAT THE INCOME TAX SO PAID DOES NOT EXCEED TWO PERCENT OF THAT TAXABLE INCOME, AND DECLARING AN EMERGENCY. BE IT ORDAINED by the Council of the Citq of North Olmsted, Cuyahoga County, Ohio, that: • Section 1. Section 1501.0101 of the Codified Ordinances of the Citq of North Olmsted, Ohio, as established bq Ordinance No. 67-70, passed May 16, 1967, is hereby amended to read as follows: "1501.0101 PURPOSE OF LEVY OF INCOME TAX. There shall be and is hereby levied a tax on salaries, wages, commissions and other compensation, and on net profits as hereinafter provided, to provide funds for the City of North Olmsted to be allocated for use as follows: (a) 15% to pay costs of services and facilities for solid waste management, recycling and disposal; (b) 15x to pay costs of any permanent improvements for the City (including permanent improvements to the City's street and storm water drainage systems), including the payment of debt charges on bonds and notes issued after 1990 for those purposes, and costs of maintaining the City's street and storm water drainage systems and providing related equipment; and (c) the balance to pay costs of general municipal functions of the City." Section 2. Section 1501.0501 of the Codified Ordinances of the City of hTorth Olmsted, Ohio, as established by Ordinance No. 67-70, passed Maq 16, 1967, as amended by Ordinance No. 71-161, passed December 21, 1971, is herebq amended to read as follows: