Resolution 2015-28

RESOLUTION NUMBER 2015-28

A RESOLUTION ESTABLISHING A SEWER LOAN DEBT FUND FOR THE VILLAGE OF APPLE CREEK, OHIO, AND DECLARING AN EMERGENCY.

WHEREAS, ORC 5705.12 permits Ohio Villages to establish funds wherein money derived from specific sources other than general property tax shall be paid directly into such funds; and

WHEREAS, the Village of Apple Creek hereby desires to establish a sewer loan debt fund in order to more properly administer funds in the Village’s possession being employed for repayment of sewer loans;

BE IT RESOLVED by the Council of the Village of Apple Creek, Ohio, that:

SECTION ONE:

The Fiscal Officer shall establish a Sewer Loan Debt Fund.

SECTION TWO:

The Fiscal Officer shall consult with the Auditor of State regarding approval of this fund.

SECTION THREE:

The Fiscal Officer is directed to employ said Fund for those funds and accounts in the possession of the Village which are not derived from general property tax and which are to be employed for repayment of prior sewer capital outlay loans.

SECTION FOUR:

This Resolution is hereby declared to be an emergency measure and shall take effect and be in force immediately from and after its passage. The reason for the emergency lies in the fact that this Resolution is necessary for the immediate preservation of public peace, health, safety and welfare and that Council maintain the Village’s financial records in accordance with applicable state law.

SECTION FIVE:

All prior resolutions which conflict with the provisions of this resolution are hereby repealed to the extent that they are in conflict herewith.

SECTION SIX:

If any provision of this resolution, or the application thereof to any person or circumstance, is held invalid, the invalidity does not affect other provisions or applications of this resolution which can be given effect without the invalid provision or application, and to this end the provisions are severable.

VOTE TO SUSPEND RULES:                     Yeas  5 Nays  1

VOTE ON EMERGENCY ORDINANCE: Yeas  5 Nays  1

PASSED: October 5, 2015.                  Yeas  5 Nays  1

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