City of Hudson, Ohio - File #: 15-200

• File #: 15-200
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 12/2/2015
• In control: City Council
• On agenda: 12/15/2015
• Final action: 12/15/2015
• 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 2016.
• Sponsors: David A. Basil
• Indexes: Finance - General
• Related files: 14-159

Date	Ver.	Action By	Action	Result
12/15/2015	1	City Council	approved on the consent agenda	Pass
12/8/2015	1	City Council Workshop	item forwarded

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 2016.

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 is property taxes.

Timing Considerations

The Resolution should be passed prior to 2015 year end to be effective for 2016.

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,

Jane Howington, City Manager

Jeff Knoblauch, Finance Director