16-76 Resolution
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RECORD OF a~E&
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National Graphics Corp,. Cols,. O. ~ Form No. 2806-A
Resolution ~~,,~ Passednnnumu.mmmnnmnnmnm.mm.19.nn n
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A RESOLUTION TO DECLARE THE NECESSITY OF SUBMITTING
TO THE ELECTORS OF THE VILLAGE OF DUBLIN THE QUESTION
OF ISSUING BONDS FOR THE PURPOSE OF CONSTRUCTING A MUNI-
CIPAL SEWAGE COLLECTION SYSTEM THRU THE RIVER FOREST
0 SUBDIVISIO~
BE IT RESOLVED by the Council of the Village of Dub1 in, County of Franklin
and State of Ohio t of the elected members concurring:
SECT! ON 1. That for the purpose of constructing a municipal sewage collection
system by the acquisition of real estate or easements or other interests in
real estate and the construction of,sewer lines, and appurtenances, to con-
struct a sewage collection system thru River Forest Subdivision, and then,
Co"'^' ~c-r;,ft
to construct a col1~~~ sewage system throughout that Subdivision, it is
necessary to issue bonds of this Village in the amount of Six Hundred Thou-
sand Dollars ($600,000) in anticipation of the collection of special assess-
ments to be levied for said purpose, and it is necessary to levy a tax
~J4a the ten mill limitation of Article XII, Section 2 of the Ohio Con-
0 stitution to pay the interest on and to retire said bonds. The question
of issuing said bonds and the levy of said tax shall be submitted to the
electors of said Village at a primary election to be held on June 8,1976.
The approximate date of s.id bonds will be October l,1976; said bonds will
mature In 20 annual installments after their Issuance, and will bear inter-
est at a rate now estimated at 6.5% per annum, payable semiannually.
SECTION 2. That the Clerk shall certify a copy of this Resolution to the
Auditor of Franklin County for his calculation of the average annual tax
levy required throughout the life of the bonds to pay the interest on and to
retire said bonds, assuming that they are all issued in one series and that
the amount of the tax list of this Village remains the same throughout the
life of said bonds.
SECTION 3. This Resolution is hereby declared to be an emerg"ncy measure
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I necessary for the preservation of the public peace, health and safety of
t~e Village and its inhabitants, and for the further reason that this Re-
solution must be certified to the Franklin County Auditor Immediately in
order to submit the question herein to the electors; wherefore this Re-
I solution shall take effect and be in force from and immediately after its
passage.
sr /fARe/.! , 1976.
Passed this / day of
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RECORD OF ORDINANCES
National Graphics Corp,. Cols.. O. ~ Form No. 2806-A
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Ordinance No '_'_'mmnnnn"'m p assed.n_n.nmn..n.m~'nm_:~i_mmnnnnm19 nn' _.
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Mayor-Presiding fieer
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Clerk-- reasurer _~
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