RESOLUTION NO. 05-55
A RESOLUTION IN SUPPORT OF AMENDING THE OHIO CONSTITUTION TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATIONS OF THE STATE TO FINANCE LOCAL GOVERNMENT PUBLIC INFRASTRUCTURE CAPITAL IMPROVEMENTS, RESEARCH AND DEVELOPMENT, AND THE DEVELOPMENT OF CERTAIN SITES AND FACILITIES IN OHIO, AND TO EXPAND STATE AND LOCAL GOVERNMENT AUTHORITY REGARDING ECONOMIC DEVELOPMENT
WHEREAS, Issue 1 will create and preserve jobs, and improve the quality of life and general well-being of people and businesses in all areas of Ohio by improving local government public infrastructure, expanding Ohio’s research capabilities to promote product innovation, development and commercialization, and prepare economic development sites and facilities in Ohio; and
WHEREAS, Issue 1 will authorize the State of Ohio to issue up to $1.35 billion in bonds to pay for or help local governments pay for the cost of public infrastructure capital improvements of local governments, including roads and bridges, wastewater treatment systems, water supply systems, solid waste disposal facilities, storm water and sanitary collection, storage and treatment facilities; and
WHEREAS, Issue 1 will authorize the State of Ohio to issue up to $500 million in bonds to provide financial assistance for research and development in support of Ohio industry, commerce, and business, including research and product innovation, development, and commercialization; and
WHEREAS, Issue 1 will authorize the State of Ohio to issue up to $150 million in bonds to pay costs, or assist other in the payment of costs of projects for the purpose of developing sites and facilities in Ohio for an in support of industry, commerce, distribution, and research and development, including constructing and improving facilities, site preparation and cleanup, the acquisition of real estate, and providing public infrastructure improvements; and
WHEREAS, Issue 1 will foster job creation through infrastructure projects, job ready sites and creating new products and services based on science and technology research and development ensuring Ohio’s ability to create and compete for jobs, now and in the future authorize the State of Ohio to issue up to $500 million in bonds to provide.
NOW, THEREFORE, BE IT RESOLVED by the Council of Granville, Ohio, that:
Section 1. Said investment will improve the quality of life for all Ohioans and we support and endorse the passage of State Issue 1 and that a copy of this endorsement be addressed to the Jobs for Ohio Committee.
Section 2. This Resolution shall take effect and be in full force from and after the earliest date permitted by law.