Text of the two 8-mill levy renewal resolutions
Following are the two resolutions before council regarding the five-year, 8-mill levy renewal. Both got their first readings last night at the first of three Special Council meetings called by Mayor Williams. They will be read a second time at tonight's meeting, which starts at 7:30 p.m. and will be broadcast on local cable Channel 4.
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.
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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.
“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