Granville Community Calendar

Ordinance No. 19-07

ORDINANCE NO. 19-07 

AN ORDINANCE DIRECTING THE PROCEEDS FROM THE SALE OF PUBLIC PROPERTY BY THE VILLAGE OF GRANVILLE TO BE USED ONLY FOR DEBT REDUCTION OR THE PURCHASE, IMPROVEMENT OR ACQUISITION OF A CAPITAL ASSET

            WHEREAS, the Village of Granville hereby desires to establish a policy to require any and all proceeds from the sale of public property to be used only for debt reduction or the purchase, improvement or acquisition of a capital asset. 

            NOW, THEREFORE, be it ordained by the Council of the Village of Granville, Ohio, that: 

Section   I:        The proceeds from the sale of public property by the Village of Granville shall be used only for debt reduction or the purchase, improvement or acquisition of a capital asset. 

Section II:       This Ordinance shall take effect upon the earliest date permitted by law.

 Passed this 5th day of December, 2007.

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