37-76 Resolution
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RESOLUTION NO. --31-1<<0
TO DECLARE THE NECESSITY OF SUBMITTING TO THE ELECTORS OF
THE VILLAGE OF DUBLIN, THE QUESTION OF ISSUING BONDS IN
ANTICIPATION OF THE LEVY AND COLLECTION OF SPECIAL ASSESS-
MENTS FOR THE PURPOSE OF CONSTRUCTING SANITARY SEWERS
~ BE IT RESOLVED by the Council of the Village of Dublin, County of
Franklin and State of Ohio:
SIW; rA~Section 1. That for the purpose of expanding and improving the
municipa1\sewerage system by the acquisition of real estate or easements or
other interests in real estate, and the construction of sewer lines and
appurtenances, it is necessary to issue bonds of this Village in the amount
of Three Hundred Fifteen Thousand Dollars ($315,000) in anticipation of the
collection of special assessments to be levied for said purpose, and it is
necessary to levy a tax outside the ten mill limitation of Article XII, Sec-
tion 2 of the Ohio Constitution 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 general election to be held
~ l~~~ on November 2, 1976. The approximate date of said bonds will be May 1, 197-7-, ...., ~
l ~ said bonds will mature in 30 annual installments after their issuance, and
will bear interest at a rate now estimated at 6.5% per annum, payable semi-
annually.
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.
U Section 3. This resolution is hereby declared to be an emergency
measure necessary for the preservation of the public peace, health, and safety
of the Village and its inhabitants, and for the further reason that this resolu-
tion must be certified to the Franklin County Auditor by July 15, 1~, in \ ...."""
order to submit the question herein to the electors; wherefore this resolution
shall take effect and be in force from and immediately after its passage.
Passed: July 6, 1976
~~7AJ. ~
Mayor
Attest: ~er}J ;1~ j ~
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