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r, <br />CITY OF IfORTH OLM4T8D <br />Resolution No. 64-173 <br />By: Mt. Mangani <br />A RESOLLTfION DETERMIIIING TO PItOCEED WITH THE ELI;G"fYON <br />UP()[d THE PROPOSED ISSUB OF B(xIDS FOR TH8 PURPOSE OF <br />CO[d3TRtaCTING AND DQUIPPING AN OUTDOOR MUNICYPAL SWIMriIPIG <br />POOL WITH APPURTENANT STRIT(.'fURES, MAKYNG SITE YMPROVEriEPTfS <br />AND ACQUIRING NFCESSARY INTERfiSTS IN REAL ESTATE THEREFOR, AND <br />DECIARING AN EMERGENCY. <br />WHEREAS, the Council of the City of North Olmated on the 14th day <br />of July, 1964, duly pa,ssed Resolution No. 64-161 providing for the submie- <br />sion to the electors of said City of the queation of fasuing" bonda in the <br />sum of $250,000 for the purpose of conett*ucting and equipping an outdoor <br />municipal swimming pool with appurtenant atructures, making site improvements <br />and acquiring necessary interests in real estate therefor, and of the levy <br />of a tax to provide for the payment of the prineipal and interest thereof <br />at the general election to be held on November 3, 1964; and <br />WHFREAS, the County Auditor of Cuyahoga County has certified to <br />Council that in accordanee with his calculation the average annual tax levy <br />throughout the life of such bonda wilich would be required to pay the interest <br />on and to retire the same, assuming that they are a11 issued in one series <br />amd that the amount of the tax list of this City remains the same throughout <br />the life of said bonds at the amount of such list for the current year is <br />.29E24 mills for each one dollar of valuation which amounts to 2,9829 eents <br />for each one hundred dollars of valuation; ! <br />i <br />0_1NOW, THEREFORE, BE IT RESOLVED by the Council of ttte City of North <br />'Olmsted, Cuyahoga County, Ohio: <br />Sectiun 1. That Council hereby determines to proceed with the <br />issuance of said bonds and that the Clerk of Council be and she is hereby <br />directed to certify to the Board of Electiona of Cuyahoga County, Ohio, <br />Reaolution No. 64-161 aforesaid calling such eleetion, together with a <br />copy of this resolution snd the amount of the average tax levy estimated <br />as aforesaid by the County Auditor and the maximum number of yeara to <br />retire said bonds, namely twenty-one ;years and requeat the said Board of <br />Elections to give notice of said election and to prepare the necessary <br />ballots and supplies for said election. <br />Section 2, This resalution is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public peace, health <br />and safety of the City and for the further reason that the immediate construc- <br />tion of said swimning poal is necessary to provide adequately for the health.- <br />ful recreation of the residents of the City; wherefore, this resolution ahall <br />be in fuli force and effect from and imediately after its paseage and <br />approval by the Mayor. .` 14 * <br />Passed: , 1964 <br />Attest <br />Margare T. West, Clerk of <br />?ouncil <br />lst reading: (a <br />2nd reading: ? <br />3rd reading: <br />4th reading'!^? <br />' l (0 <br />Francis J. O'Neill, Pr ident of Council <br />Approved j- 194 !f , 1964 <br />? . • <br />Ralp E. Christman, Mayor