09-68 Resolution
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RESOLUTION NO. .o9-~~
DETERMINING TO PROCEED TO SUBMIT QUESTION OF THE
ISSUANCE OF BONDS OF THE VILLAGE OF DUBLIN FOR
THE PURPOSE OF CONSTRUCTING A MUNICIPAL WATERWORKS,
I CERTIFYING THE SAME TO THE BOARD OF ELECTIONS OF
FRANKLIN COUNTY, OHIO, AND TO DECLARE AN EMERGENCY
WHEREAS, this council on the 15th day of January, 1968, duly adopted
Resolution No. 03-68 providing for the submission to the electors of the
Village of the question of issuing $252,700 of bonds for the purpose of con-
structing a municipal waterworks system by the acquisition of real estate
or easements or other interests in real estate and the construction of water
lines, a booster station and appurtenances and of levying a tax to provide
for their payment at the primary election to be held on Tuesday, the 7th
day of May, 1968; and
WHEREAS, the auditor of Franklin County has certified to this council
that the average annual levy throughout the life of such bonds which would be
required to pay the interest on and to retire the same, assuming that they
~ are all issued in one series and that the amount of the tax list of this
Village remains throughout the life of the bonds the same as the tax list
for the current year, is 7.5 mills for each one dollar of taxable valuation, which
amounts to seventy-five cents for each one hundred dollars of taxable valuation.
NOW, THEREFORE, BE IT RESOLVED by the Council of the Village of
Dublin, County of Franklin, and State of Ohio:
Section 1. That this Council hereby determines to proceed with the
issuance of said bonds and the Clerk of Council is hereby directed to certify
to the Board of Elections of Franklin County, Ohio, Resolution No. 03-68
aforesaid calling such election together with a copy of this resolution, the
amount of the average annual tax levy as estimated by the county auditor,
and the maximum number of years to retire said bonds, namely 20 years, to
give notice of said election, and to prepare the necessary ballots and supplies
therefor.
Section 2. This Resolution is hereby declared to be an emergency
measure necessary for the preservation of the public peace, health and
I safety of the Village and its inhabitants and for the further reason that
this Resolution must be certified to the Board of Elections of Franklin
County, Ohio by February 7, 1968 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.
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Passed: ~l2vA1?"'1 J, 1968.
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I Attest:
Clerk 7 Mayor
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