2017-66 Revolving Loan Admin. Agreement 2018-2020

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, 2017; 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 for the years January 1, 2018 through December 31, 2020; 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 ­­­­­­­­­­­­­­­­­­­but the Department of Development only came out with the final approved form December 8, 2017, 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.                                                            ____________________________

                                                            Kate Fisher

                                                            President of Council

Approved:

 

 

__________________________

Mayor Scott Schertzer

 

 

Attest;

 

 

__________________________

Clerk of Council