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Resolution No• 292 <br />Bg Mr. Taylor <br />A RESOZUTTON REQiESTZNG THE CLERK TO CERTIE'Y TO TM, <br />COUNCSL THE ESTINIATED LI-'E (7F'_TIi4 PROPERN _AND .. <br />IkPROVENIENTS FOR_ `k-MMH_ VOTED _BONDS A.RE TO BE TSSTED <br />TN THE SUM'OF .,$30'O60.00 .FOR THE _PURPOSE QF. PROVIDII? <br />- - <br />THE._V.ILLAGE OF. 14AYFIELDt S,PaRTION . QF_ THE CQST OF._. <br />CONSTRUGTING TrtATER _N1AINS TN CERTAIN _RQADS -AN.p STRFETS <br />I1V THE VILUGE_ C3F MA.YFIELD. ,._ <br />IMREAS, the Vi7lage of Ma,yFiel.d has great need fox° the constru.ction <br />of water mains 3.n the_ _roads and streets of said V111age to provide tiaa-ter <br />to its residents, improve fire pratQet3.on, provi.de adequate year round <br />water pressure, and improve the quslzty of water and reduce f3xe insurance <br />rates; and <br />IZiEREAS, the cost of sai.d several cl.a.sses of 3mprover,sents are <br />es•t3mated. not to cost more than the fe7lowirg. <br />Construction of the gz.l.]age portion of the cons?ruction of <br />wa.ter maa.ns in SOM Center Road, fi°om a poin? approxirately <br />2057 feet North of the center l.ine of Wilson Mil.ls Road.9 <br />Nortlerly to the- North crn•poration line of the V2llage9 <br />Highland Roa.d, from the Westerly line of the Village of <br />Ma.yfield in an Easterly directi.on to SOM-Center Road; <br />Wilson Yi3.71s Road, from Echo Di'ive' Easterly to the East <br />corporation line of the ?i.]lage; and the entire portions of <br />Riclgebury Bouievard, Lander Road, and Uhite Road, wh3.cn <br />are situated in the Village of May.field, for a total <br />cost of $30'O00.00. <br />NOW TfER"r.F'ORE 3E IT RESOLVED BY THE COUNCIL CF THE VTLLAGE C1F MYFIELDv <br />CUYAHOGA GOUNTY OHIO, TH4T4 - . . . _ . - , _ .... , _. .. - . -- - <br />-- Sec. 1. 'The Clerk of the Village of Mayfie3.d, Ohio, be, and he <br />hereby is.requested to cert3.fy to Counc3.l t,Yae__ followirags. <br />(a) The estimated life of the property and improvements for <br />.. the cvnstx°uction and improvement of the Vi7.7.age of <br />Mayfield's portion of the cost of watei- mains in <br />SONI Center Road, Ha.gizla.nd Road,' Wi].son Mi11.s Road, <br />Ftidgebury Boialevard, Iaaicler Road, and <br />(b) the anaxi.mum maturity of bonds in accorciaiice with the <br />provisions of Section 133.20 of the Ohio Nevised Code, <br />and the wf:ighted average of the amounts proposed to be <br />exponded for the f olloVririg classes of improvements s