SECTION 5. RENEWED TEMPORARY TAX LEVY FOR PERMANENT IMPROVEMENTS.
   In addition to the power of Council to levy taxes pursuant to the Constitution of the State of Ohio and Chapter 5705 of the Ohio Revised Code, and notwithstanding the provisions of Section 2 of this Article VIII, the Council may also levy annually, commencing the tax year 2016 through and including the tax year 2025, without an additional vote of the people, in addition to all taxes within the constitutional and statutory ten-mill limitation, a renewed tax in an amount not to exceed in any one year three and seven tenths (3.7) mills per dollar of assessed valuation upon all real and personal property listed and assessed for taxation upon the tax lists and duplicates of the Municipality for the purpose of (i) paying the costs of Permanent Improvement, as defined in Section 133.01(CC) of the Ohio Revised Code, including any of the costs of Permanent Improvements described in Section 133.15(B) of the Ohio Revised Code, or (ii) paying the Debt Charges, as defined in Section 133.01(J) of the Ohio Revised Code, on Securities, as defined in Section 133.01 (KK) of the Ohio Revised Code, issued by the Village the proceeds of which are used to pay such costs of Permanent Improvements; provided, however, that nothing in this Section 5 shall be construed as prohibiting the submission to the electorate of the Municipality of the renewal or enactment of a tax for the purposes described in this Section 5 upon the expiration of the tax provided for in this Section 5.
(Enacted 11-3-15)