Title
A RESOLUTION AUTHORIZING ADVANCES OF LOCAL TAXES; AND DECLARING AN EMERGENCY.
Executive Summary: Ohio Revised Code Section 321.34, requires all local authorities entitled to advancement of funds must submit a resolution authorizing advances of local taxes each year. This resolution entitles the City to receive tax advances from Summit County for 2014.
Body
Legislative History
The City passes this resolution on an annual basis.
Purpose & Explanation
The purpose is to permit us to request and receive tax advances from Summit County. The most common advance we receive are property taxes.
Timing Considerations
The Resolution should be passed prior to 2013 year end to be effective for 2014.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends passage of the Resolution authorizing advances of local taxes.
Submitted by,
Jeff Knoblauch, Finance Director