25-76 Resolution
RESOLUTI ONS
, RECORD OF MDWANaS
National Graphics Corp.. Cols.. o. ~ Form No. 2806-A
RESOLUTI ON ;..!;" ] p assednn__________uuu____________nn_____________19 ----- --
~~ NO._____um..___~_______
A RESOLUTION TO DECLARE THE NECESSITY
OF THE VILLAGE OF DUBLIN ISSUING BONDS
FOR THE PURPOSE OF CONSTRUCTING A MUNI-
CIPAL WATER DISTRIBUTION SYSTEM THRU THE
[] RIVER FOREST SUBDIVISION
BE IT RESOLVED by the Council of the Village of Dublin, County of
Franklin and State of Ohio ~ of the elected members concurring:
SECTION 1. That for the purpose of constructing a municipal water dis-
tribution system by the acquisition of real estate or easements or other
ipterests in real estate and th~ construction of water lines, and
appurtenances, to construct a water distribution to and thru the River
Forest Subdivision it is necessary to issue bonds of this Village in
the amount of Three Hundred and Sixty Thousand Dollars ($360,000) in
anticipation of collection of special assessments to be levied for said
purpose, and it is necessary to levy a 'tax inside the ten' mill 1 imi tat ion
U of Article XI I, Section 2 of the Ohio Constitution to pay the interest
on and to retire said bonds. The approximate date of said bonds will be
October 1, 1976; said bonds will mature in 20 annual installments after
their issuance, and will bear interest at a rate now estimated at 6.5%
annum, payable semiannually.
SECTI ON 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 thls Village remains the same throughout
the life of said bonds.
SECTI ON 3. This Resolution shall take effect and be in force from the
C earl iest period allowed"by Law.
Passed this ~ day Of JPAJ~ , 1976.
I
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Mayor-Presrding Offi e
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Clerk-T easurer -AcT/;??