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- r.?. <br />BY: ` <br />9111H <br />(0208I) <br />9/9/82 <br />CITY OF NORTH OLMSTED <br />RESOLUTION N0. 82 - 155 <br />REQUESTING THE ISSUANCE OF BONDS OF THE STATE OF OHIO <br />PURSUANT TO ARTICLE VIII, SECTION 13 OF THE OHIO <br />CONSTITUTION AND CHAPTER 165 OF THE OHIO REVISED CODE, <br />TO ASSIST SHOWBIZ PIZZA PLACE, INC., <br />BMSMEtQG`Y' <br />WHEREAS, ShowBiz Pizza Place, Inc., a Kansas <br />corporation, desires to acquire, construct and equip a <br />commercial restaurant and entertainment facility (the <br />"Project") to be located within the boundaries of the City of <br />North Olmsted, Ohio, at an approximate cost of $1,750,000, and <br />proposesmto seek financinq therefor through issuance of revenue <br />bonds by the Ohio Development Financing Conunission ("ODFC"), <br />acting on behalf of the State of Ohio under Article VIII, <br />Section 13 of the Ohio Constitution and Chapter 165 of the Ohio <br />Revised Code= and <br />WHEREAS, Section 165.03(C) of the Ohio Revised Code <br />provides in part that prior to authorization of such bonds, the <br />ODFC shall have received a written request for the issuance of <br />such bonds from the Council of the municipal corporation within <br />which the Project to be financed through issuance of such bonds <br />is locatedf and <br />WHEREAS, such request in no way obligates the City <br />with respect to such bonds or such Project whether or not <br />default shall occur with respect to payment of such bonds= and <br />WHEREAS, the North Olmated Community Improvement <br />Corporation (the "CIC") has heretofore certified to this <br />Council ancl to the ODFC that the Project is in accoraance with <br />th,e Plan between the Cfty and the CIC adopted pursuant to <br />Section 1724.10 of the Ohio Revised Codef <br />NOW, THEREFORE, BE IT RESOLVED by the Council of the <br />Cfty of North Olmsted, Cuyahoga County, State of Ohio: <br />Section 1. That this Council hereby requests in <br />writing the Ohio Development Financing Commission, acting on <br />behalf of the State of Ohio, to ascertain whether the <br />application of ShowBiz Pizza Place, Inc. meeta the requirements <br />for revenue boncl financing under Article VIII, Section 13 of