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RESOLUTION Noe 303 <br />-By Mr. Oa.tess <br />AN EMERGENCY RESOI,UTTON REQTJESTIIJG THE FISCAL CJk'FICL+'ft TO <br />CERTIFY TO COUNCIL -IiIS CONCLUSIONS .Aa_TO.THE..ESTIMATED. LIF'E <br />_ .. ,. <br />(F THE. ]MPRWEMEIVTS_ PROPOSED TO BE COI?,STRIJCTED FROM. THE_ ._ <br />PROCEEDS ?F tbNDS. PROPOSED 'TO. BE. FXECUTED AND _ALSO T0. _ <br />CERTTF'Y TB4 ME1XI10P+i NIATURITY OF StJCH BONDS IN ACCORpANCE <br />. <br />. <br />Tr3ITH,REVISED CODE SECTION.133m21..AND THE,MAXIT?[[[TM NlATURITY <br />OF. TH?, _ NOT? .ISSUFD..IN. APITICIPATION Cir'. SUGH, BONDSe _.., _ <br />UIEREAS, this Council contemp]ates issuing $21,300.00 bonds of <br />wnich a11 of wYiich is proposed to be issueel for ths-improvemnt of SOM <br />Center Road, from Hi?h?d Road in a Northerly dixection 2400 feot by the <br />constrtiction and insta7.lat3.on of a water main and `appurtenances., a71 of. <br />wl-deh eonstruction and improvement sha11, be in accordance with the genera.l <br />plans and specifications arld prafiles lieretofare adopted by tkais Council; and <br />MEAEAS, Secti.ons 133.24 and Sections 133? 21 of the Revised Code <br />of Ohi.o require the fiscal officer of the ViL'Lage of Ntayfie].d to certify to <br />this Council hi.s estimate of the J.3.fe of the :3mprovements praposed to be <br />constructed from the proceeds of said bond.s, and also to ce?tify to tnis <br />Cotanc3.l the ma'x"?n'+UT11 mt'11T1ty of sueh bonds in aecordance with Section 133.20.s <br />including the weiohted average of the amounts proposed to be expended for <br />several classes of improvements, and also the ma,ximum maturity of notes <br />isswed 3n an-ticipation of such bonds. <br />- NOW THEREFORE BE IT 1ESOLVED BY THE COUNCIL OF THE VILLAGE CfF <br />MAYFIEI,D, _ CUYAHOGA _ COUITTY. OHIO: _ . . _ . .. . - _ . - • . , . _ - - . Sec. I. Tha.t 'the fa.scal oificer '?e, and he is9 hezqeby req?sted <br />to certify.to this Council h1s conclusions as to the estimated life of the <br />ixnprovements proposed to be eonstructed fram the proceeds of said bonds and <br />a].so to certify to. this Council the maximum. ma-f,urltiy of such boncls9 calcula.ted <br />in accordance with the provisions of Section 133.20 and the max3miun ma-turity <br />of the notes issued in anticipation of such bonds. <br />Sece 2. T'nat this rssolution is hereby deelared to be an emergency <br />measure, _ necessary to complete the le?i.slation for the issue of said notes, <br />and shall talce effect immdiate]]e,yy on its adoption as an emergency measure, <br />and is mcessary for the 3nuned3ate presex°vation of the public peace, health <br />and safetym <br />Adopted this 150th day of September, 1955. <br />Approveda <br />Attest: <br />?G???l.? • <br />Mayor - resydent of . ounci:! <br />S - . _