1985 011 Ordinance - Laserfiche WebLink

Home Browse Search

• A ? I ' Ordinance No. 85 - 1.1 Introduced By: Mayor Carmen & Couricil as a Whole. EMERGENCY ORDINANCE AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH BETA CAMPUS COMPANY PERTAINING TO FINANCING THE ACQUISITION, CONSTRUCTION IMPROVEMENT AND EQUIPPING OF A MULTI-TENANT COMMERCIAL FACILITY WITHIN THE BOUNDARIES OF THE VILLAGE OF MAYFIELD VILLAGE, OHIO TO`BE OWNED BY BETA CAMPUS COMPANY (OR ITS NOMINEE); AND DECLARING AN EMERGENCY. WHEREAS, the Village of Mayfield Village, Ohio (hereinafter called the "Issuer") by virtue of the laws of the State of Ohio, particularly Chapter 165, Ohio Revised Code, and the authorities therein mentioned, wishes to take the necessary actions for the issuance of revenue bonds, or bonds or notes in anticipation thereof, in the aggregate principal amount now estimated to be $6,300,000 for the purpose of providing funds to pay the costs of the acquisition, construction, improvement and equipping of a multi-tenant commercial facility generally described in Schedule 1 to the Agreement to Issue Bonds attached hereto as Exhibit A(herein called the "Project") within the boundaries of the Village of Mayfield Village, Ohio, which Project will be owned by Beta Campus Company, an Ohio general partnership (hereinafter called "Owner") or its nominee; and WHEREAS, the subject matter of this ordinance constitutes an emergency in that the same provides for the preservation of the public peace, safety and welfare of the citizens of the Village of Mayfield Village, Ohio; NOW, THEREFORE, BE IT ORDAINED by the Council of the Village of Mayfield Village, Ohio that: SECTION l: The Council of the Village of Mayfield Village (this "Council"), in the State of Ohio does hereby find and determine that: (a) The Project will be a"project" within the meaning of that term as defined in Section 165.01, Ohio Revised Code; and