Text of the two 8-mill levy renewal resolutions
A.) RESOLUTION DECLARING THE NECESSITY OF LEVYING A TAX FOR CURRENT OPERATING EXPENSES IN EXCESS OF THE TEN-MILL LIMITATION AND REQUESTING THE COUNTY AUDITOR TO CERTIFY MATTERS IN CONNECTION THEREWITH, AND DECLARING AN EMERGENCY.
B.) RESOLUTION DECLARING COUNCIL'S INTENT TO ALLOCATE THE PROCEEDS OF AN EIGHT (8) MILL RENEWAL LEVY, IF PASSED BY THE VOTERS OF THE CITY OF NORWOOD, FOR CERTAIN SPECIFIC PURPOSES.
WHEREAS, Council for the City of Norwood anticipates levying a renewal of an eight (8) mill tax in excess of the ten-mill limitation; and
WHEREAS, Council wishes to demonstrate to the voters of the City of Norwood how such revenue will be spent, should the voters pass the renewal of said levy; now therefore
BE IT RESOLVED by the Council of the City of Norwood, State of Ohio:
SECTION 1. That this Council hereby expresses its intent and desire to allocate the proceeds of an eight (8) mill tax levy renewal in the manner described in the attached Exhibit A.
Contingent upon the renewal of the 8 Mill Tax Levy and it generating enough funds, it is the City’s intention that the following amounts be earmarked for specific purposes to ensure that the citizens of Norwood receive the specific benefits as outlined below:
$400,000.00 is to be earmarked for Streets
$200,000.00 is to be earmarked for Capital Improvements
$100,000.00 is to be earmarked for Reserve