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CITY OF NORTH OLMSTED <br />ORDINANCE N0. 82-146 <br />BY: RONALD WILAMOSKY <br />AN ORDINANCE CREATING A SPECIAL CONSTRUCTION <br />FUND ENTITLED "BUS GARAGE, SERVICE GARAGE, AND <br />MUNICIPAL ADMINISTRATION FACILITY CONSTRUCTION <br />FUND", AND DECLARING AN EMERGENCY. <br />WfIEREAS, the City has proceeded to the point where notes <br />will be issued for the purpose of constructing a bus garage, <br />service garage, and municipal administration facility, and <br />WHEREAS, for the purposes of accounting, it is desirable <br />to have a special construction fund for said project. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY <br />OP NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OtiIO: <br />SECTION 1: That there is hereby created a special fund <br />entitle "Bus Garage, Service Garage, and Municipal Administration <br />Facility Construction Fund". Said construction fund shall be <br />funded with the proceeds from the issuance of notes in anticipa- <br />tion of the issuance of bonds, which was authorized by Ordinance <br />No. 82-137, and such other funds as may from time to time be <br />designated by Council to be placed in said account. <br />SECTION 2: The Director of Finance is authorized to pay <br />out of saidfuamounts of money expended for the purpose of <br />constructing, furnishing, and equipping a combined bus garage, <br />service garage, and municipal administration buiiding and im- <br />proving the site thereof. <br />SECTION 3: That this Ordinance is hereby declared to <br />be an emergency measure immediately necessary for the preservation <br />of the public health, safety and welfare, and for the further <br />reason it is necessary to establish said fund in conjunction with <br />the construction of the project, and further provided it receives <br />the affirmative vote of two-thirds of all members elected to <br />Council, it shall take effect and be in.force immediately upon <br />its passage and approval by the Mayor. <br />PAS S E D: <br />ATTEST: <br />APPROVED : <br />_?.-- <br />? <br />ROBERT W. SWIETYNIOWSKIAYOR <br />?-.. <br />First Reading : f 9 ,,. <br />--- <br />Second Reading: <br />Third Reading: