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<br />CITY OF NORTH OINLSTED <br />RESOLUTION N0. <br />??. <br />? <br />BY : r Lr? ,ti-4e <br />RESOLUTION AWARDING TWO ISSUES OF SPECIAL ASSESS- <br />MENT BONDS TO THE HIGHEST BIDDER? AND DECLARING <br />AN EMERGENCY. <br />• WHEREAS, on the 16th day of June, 1970, bids were rece3.ved for the purchase <br />of $599,000 Sewer ancl Street Improvement Bonds and $42,900 Southern Avenue Paving <br />Bonds author3zed by Ord3.nances Nos. 70-89 and 70-90, respectively, passed May 19, <br />1970, following due advertisement of said bonds for public sale in accordance <br />with la.w, which bids were as follows: <br />Amount of Bonds <br />Name of Bidder 'Bid For Interest Rate <br />$641' 9oo <br />WHEREAS, the bid of <br />has been determined to be <br />rate of interest; and <br /> <br />Premium <br />It„ <br />l <br />NOW* THEREFORE? BE IT RESOLVED by the Counei.l of the C3.ty of North Olmsted, <br />Cuyahoga County, Ohio: <br />Section 1. That the a,foresaid $5992000 Sewer and Street Improvement Bonds <br />and $42,q00 5outhern Avenue Paving Bonds authorized by Ordinances Nos. 70-89 and <br />70-90, respeetively, passed May 19, 1970, mat?ring as provided in said ordinanees <br />and beari.ng an interest rate of 7?x, /C <br />per centum per annum, b?? and -?hey are greb?r awaxded and sold to <br />'? ` <br />.?;?. _ ,. ., a" , ? 1` A' . , A Ohio. <br />Section 2. 2'hat the Director of Finanee be and he is hereby authorized and <br />? directed to cause said bonds to be printed forthwith and thereupon to have the <br />same executed and clelivered, togethex with a true transcript of the proceeclings <br />authorizing said bonds to said successful bidder upon payment of the par val.ue <br />thereof, plus the aforesaid pro rated premium and accrued interest to date of <br />delivery. <br />Seetion 3. That the Director of Finance is hereby authorized and directed to <br />certify a copy of this resolution to the Auditor of Cuyahoga County according to <br />law. <br />V