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ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO A REVOLVING LOAN ADMINISTRATION AGREEMENT WITH THE STATE OF OHIO, DEPARTMENT OF DEVELOPMENT, AND DECLARING AN EMERGENCY
WHEREAS, The State of Ohio Department of Development has requested as a part of the CDBG Revolving Loan Fund, the current three year Administration Agreement which expires December 31, 2011 to be extended another three years through December 31, 2014; and
BE IT ORDAINED, by the Council of the City of Marion, Marion County, Ohio:
Section 1. That the Mayor is authorized to enter into said Administration Agreement, attached hereto as Exhibit A.
Section 2. That this Ordinance is hereby declared to be an emergency measure necessary for the welfare of the City of Marion and its’ inhabitants thereof and for the further reason that said agreement must be executed prior to December 31, 2014 but the Department of Development only came out with the final approved form November 25, 2011, and as such shall take effect and be in force immediately upon its passage and approval by the Mayor, provided it receives the affirmative vote of two-thirds of all members elected to Council, otherwise it shall become effective from and after the earliest period allowed by law.
President of Council
Mayor Scott Schertzer
Clerk of Council