1983 011 Resolution - Laserfiche WebLink

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,r, ;~ RESOLUTION N0. 83- 11 INTRODUCED BY: Mayor Beebe and'Counc.il as a Whole. A RESOLUTION TO PROVIDE FOR THE AWARD OF AN ISSUE OF $800,000 SERVICE BUILDING BONDS, AND DECLARING AN EMERGENCY. WHEREAS, after notice duly published as required by law, bids have been received for the purchase of an issue of $800,000 Service Building Bonds, which have been duly authorized by Council; and WHEREAS, it has been determined that tt~e bid of The Ohio Company of Columbus. Ohio for said bonds with a premium of $ 328.00 and to bear an interest rate of 8 per centum per annum is the highest bid for such bonds based upon the lowest rate of interest; NOW, THEREFORE, BE IT RESOLVED by the Council of Mayfield Village, Cuyahoga County, Ohio: Section 1. That the aforesaid $800,000 Service Building Bonds of this Village be and they are hereby awarded and sold to The Ohio Company , said bonds to bear interest at the rate of 8 per centum per annum, with a premium of $ 328..00. Section 2. That said bonds, after being duly executed, shall be delivered, together with a true transcript of proceedings, by the Finance Director to said purchaser upon payment of the par value thereof plus the aforesaid premium and accrued interest to the date of delivery. Section 3. That the Clerk of Council is hereby authorized and directed to deliver a certified copy of this resolution to the Auditor of Cuyahoga County. Section 4. It is found and determined that all formal actions of this Council concerning and relating to the adoption of this resolution were adopted in an open meeting of this Council, and that all deliberations of this Council and of any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements including Section 121.22 of the Ohio Revised Code. Section 5. This resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health