THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

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ORDINANCE NO By AN ORDINANCE to take effect immediatelyprovided it receives theaffumative vote ofat least five 5 members elected to Council otherwise it shall take effect and be in force after the earliest period allowed by law providing for the issuance and sale of bonds in the aggregate principal amount not to exceed4550 000 to refund all or a portion of the City s outstanding various purpose general obligation bonds series 1998 approving and authorizing various documents and actions relatedto the issuance ofthe bonds WHEREAS pursuant to Ordinance Nos798898 98 10 98 11 98 12 98 13 98 14 98 15 98 16 98 17 98 18 98 and20 98 each passed March 2 1998 bonds dated as of March 1 1998 the Outstanding Bonds were issued to pay costs o i acquiring and installing police communications equipment ii improving streets iii renovating and equipping municipal recreational facilities iv improving and renovating municipal buildings municipal sites and rights of wayvreconstructing and resurfacing streets curbs aprons and sidewalks and restoring tree lawns vi renovating the service garage vii installing traffic signals viii advance refunding the City s Various Purpose General Obligation Bonds Series 1992 dated June 15 1992 issued for the purpose ofa acquiring real estate b reconstructing and replacing curbingc constructing adding to and renovating City buildings d constructing a fire stafion e improving recreational facilities andfconstructing and reconstructing streets curbs and aprons and ix advance refunding the City s Sanitary Sewer System Special Obligation Bonds Series 1992 dated February 1 1992 issued to pay the costs of acquisition construction and improvement ofsanitary sewer facilities collectively the Improvement and WHEREAS the Director ofFinance as fiscal officer of the City has certified that the estimated life or period of usefulness of the Improvement is at least five years and that the estimated maximum maturity of the Bonds calculated in accordance with Ohio Revised Code Section 133 34 is December 1 2017 the last maturity permitted forthe Outstanding Bonds and WHEREAS this Council finds and determines that the City should refund all ora portion of the Outstanding Bonds with the proceeds of the Bonds described in Section 2 and other funds available tothe City and WHEREAS this Council by a vote of at least five 5 members elected thereto determines that this ordinance is an emergency measure and that this ordinance shall take effect at the earliest date possible as set forth in ARTICLE III SECTONS 10 and 13 ofthe SECOND AMENDED CHARTER OF THE CITY OF LAKEWOOD and that it is necessary for the immediate preservation of the public property health and safety and to provide for the usual daily operation of municipal departments in that the Bonds must be sold promptly in order to retire the Outstanding Note and preserve the credit ofthe City Now therefore BE IT ORDAINED by the City of Lakewood County of Cuyahoga Ohio that Section 1 Defmitions and Interpretation In addition to the words and terms elsewhere definedin this Ordinance unless the context or use clearly indicates another or different meaning or intent
Annual Information means annual financial information and operating data ofthetype to be specified in the Confinuing Disclosure Agreement in accordance with the Rule thereof Authorized Denominations means the denomination of5000 or any integral multiple Bond proceedings means collectively this Ordinance the BondRegistrar Agreement the Bond Purchase Agreement the Certificate of Award the Continuing Disclosure Agreement the Escrow Agreement and such other proceedings of the City including the Bonds that provide collectively for among other things therights ofowners and beneficial owners ofthe Bonds Bond Purchase Agreement means the Bond Purchase Agreement between theCity and the Original Purchaser Bond Register means all books and records necessary for the registration exchange and transfer ofthe Bonds as provided in this Ordinance and the Bond Registrar Agreement Bond Registrar means The Huntington National Bank as the initial authenticating agent bond registrar transfer agent and paying agent forthe Bonds under the Bond Registrar Agreement and until a successor Bond Registrar shall have become such pursuantto the provisions ofthe Bond Registrar Agreement and thereafter Bond Registrar shall mean the successor Bond Registrar Bond Registrar Agreement means the Bond Registrar Agreement between the City and the Bond Registrar Bonds means thebonds authorized in Section 2 Book entry form or book entry system means a form or system under which a the ownership of book entry interests in Bonds and the principal of and interest on the Bonds may be transferred only through abank entry and b physical Bond certificates in fully registered form are issued by the City only to a Depository or its nominee as registered owner with the Bonds immobilized in the custodyofthe Depository or its designated agent The bookentry maintained by others thanthe City is therecord that identifies the owners ofbookentry interests in those Bonds and that principal and interest Certificate of Award means the Certificate ofAward authorized by this Ordinance tobe signed bythe Director ofFinance Charter means the Charter ofthe City City means theCity ofLakewood Ohio Clerk means the ClerkofCouncil
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DOCKET OF AMEETING OF THE LAKEWOOD
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l0 ORDINANCE NO 53 10 An Ordinance
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Kaufmann Park known as Lakewood Lit
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128 0306 CORPORATION COryoration me
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No shall be person required to with
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as CONSTRUCTION INDEPENDENT cuM1 nn
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d 1 On the portion attributable to
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MUNICIPALITY OR IN ANY MUNICIPALITY
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2 A TAXPAYER WHO RECEIVES INCOME AS
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128 2203 13A8I13TY PORNON PAYMENT B
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f Help maintainastable basebypxovid
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H Theyshallbe dceigned to havetow f
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ee Registered PmfessiovW Surveyor m
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5 Theapplicant shall meet Ne requir
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Section 2 It is found and determine
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oao so nn 043r m Toy 3 O m ac o m m
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Ordinance No 53 1o PLACED ON 1ST RE
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e hUQUraI Design Anygrephiq other s
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egulations of the Gty shall beremov
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j Wall arPanel Sons Shall not Proje
Page 41 and 42: RESOLUTION NO 8450 10 gy PLACED ON
Page 43 and 44: N Q Q r O N LJ m X w r f0 a O N W O
Page 45 and 46: City ofLakewood Audit Committee Ann
Page 47 and 48: City ofLakewood Audit Committee Ann
Page 49 and 50: 6 Reduction of economicdevelopment
Page 51 and 52: Counrl ak Large NICKIE ANTONIO MONI
Page 53 and 54: Citizens Committee for Leashed Dogs
Page 55 and 56: I h orr October 18 2010 Dear Member
Page 57 and 58: ORDINANCE N0 BY AN ORDINANCE to tak
Page 59 and 60: nsoo a and of any of its committees
Page 61 and 62: am O 6 m a s5 d Y b N e cW a ctrl a
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Page 65 and 66: o w M Ufa a o Rm2 a a a rn aa m m 7
Page 67 and 68: 0 0 0 0 0 b d o oa o w MAR c w o 7
Page 69 and 70: a a 0n O 0 y nd a v y S F w s j 7 c
Page 71 and 72: 7b y wo ro b ms rn o F a y y o F gy
Page 73 and 74: N 0 y ti o sb w to R O N w o M p y
Page 75 and 76: ORDINANCE NO By AN ORDINANCE to tak
Page 77 and 78: Unless otherwise indicated referenc
Page 79 and 80: Bonds isnot secured by a lien on an
Page 81 and 82: any subsequent Mandatory Sinking Fu
Page 83 and 84: they not been called for redemption
Page 85 and 86: notification of the book entry inte
Page 87 and 88: or give reports covenants and certi
Page 89 and 90: waiver will notbe effecfive unless
Page 91: Section 16 Emereency This Ordinance
Page 95 and 96: Interest Payment Dates means June 1
Page 97 and 98: a Interest Rates and Payment Dates
Page 99 and 100: applicable to those Term Bonds the
Page 101 and 102: on behalf ofthe City The same perso
Page 103 and 104: Ordinance arenot materially adverse
Page 105 and 106: T b Applicationfor Rating or Bond I
Page 107 and 108: Annual hiformafion and notices ofth
Page 109 and 110: or o Q QD f I LAWRENCE E MROZ o FIR
Page 111 and 112: automatically by the most recent ed
Page 113 and 114: Ir October 18 2010 Lakewood City Co
Page 115 and 116: the reasons set forth and defined i
Page 117 and 118: RESOLUTION N0 BY A RESOLUTION to ta
Page 119: NOTICE TO LEGISLATIVE AUTHORITY TO
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THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

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