In addition to the levies provided for in this Article XII, commencing with the tax list and duplicate for the year 2014, the Council is hereby granted the authority, without a vote of the people, to levy taxes for an initial period of five years beginning with the tax list and duplicate for 2014 and ending with the tax list and duplicate for the year 2018 and then to continue that levy for another five years beginning with the tax list and duplicate for 2019 and ending with the tax list and duplicate for the year 2023 upon the tax lists or duplicates of property assessed and listed for taxation according to value, an amount not in excess of 1.2 mills per dollar of assessed valuation, and then to continue that levy for another five years beginning with the tax list and duplicate for 2024 and ending with the tax list and duplicate for the year 2028 upon the tax lists or duplicates of property assessed and listed for taxation according to value for the purpose of providing funds for the construction and repair of the roads of Mentor-on-the-Lake. The amount of taxes in each year so levied pursuant to this section shall not be subject to the limitations on the rate of taxation provided in this Charter and shall be in addition to any taxes levied by Council pursuant to any provision of this Charter or the general laws of the State of Ohio. There is hereby established a special revenue fund of the Municipality, to be known as the "Roads Construction and Repair Fund," into which the proceeds of the tax levied pursuant to this section shall be deposited. Moneys credited to that revenue fund shall be used only for the purposes of constructing and repairing the roads of the City of Mentor-on-the-Lake.
(Amended 11-4-14; Amended 11-6-18; Amended 11-7-23)