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0 <br /> <br />RESOLUTION N0. 82- 7 <br />INTRODUCED BY: Mayor and Council as a Whole <br />A RESOLUTION REQUESTINC THE FINANCE DIRECTOR TO <br />FURNISH HIS CERTIFICATE IN CO2IPLIANCE WITIi SEC- <br />TIONS 133.21 AND 133.24 OF THE REVISED CODE Ofi <br />OHIO, AND DECLARING AN EMERGENCY. <br />IMEREAS, the Council of Mayfield Village proposes to issue bonds, <br />and notes in anticipation thereof, for the purpose of providing funds to <br />acquire and improve real property to be used for expanding the Municipal <br />Complex, in the sum of $80,000, of which $66,000 is proposed to be used for <br />acquisition of property and $14,000 is proposed to be used for site improve- <br />ments; and <br />WtiERF.ASy Sections 133.21 and 133.24 of the Revised Code of Ohio re- <br />quire the Finance Director, as fiscal officer, to certify the estimated life <br />of the property and improvements proposed to be acquired and construc.ted from <br />the proceeds of said bonds and the maximum maturity of such bonds and notes; <br />NOW, THEREFORE, BE IT RESOLVED by the Council of Itayfield Village, <br />Cuyahoga County, Ohio: <br />Section 1. That the Finance Director shall be and he is requested <br />to certify to this Council the estimated life of said property and improvements <br />and the maximum maturity of such bonds and notes, calculated in accordance with <br />the pravisfons of Section 133.20 of the Revised Code. l <br />. Section 2. It is found and determined that all formal actions of this <br />Council concerning and relating to the adoption of this resolution were adopted <br />in an open meeting o€ this Council, and that all deliberations of this Council <br />and of any of its committees that resulted in such formal action, were in meet- <br />ings open to the public, in compliance with all legal requirements including <br />Section 121.22 of the Ohio Revised Code. <br />Section 3. This resolution is hereby declared to be an emergency <br />measure necessary for the inmiediate preservation of the public peace, health <br />and safety and for the further reason that the immediate effectiveness of this <br />resolution is necessary to enable the Finance Director to deliver his certifi- <br />cate prior to the passage of the ordinance authorizing such notes, which must <br />be delivered on January 22, 1982, in order to retire the outstanding note issued <br />in anticipation of such bonds and thereby protect the Village`s good credit; <br />wherefore, this resolution shall be in full force and effect immediately upon