Title
A RESOLUTION AUTHORIZING ADVANCES OF LOCAL TAXES.
Brief Description: 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 2020.
Body
Legislative History
The City passes this resolution on an annual basis.
Purpose & Explanation
The purpose is to permit the City to request and receive tax advances from Summit County. The most common advance the City receives is property taxes.
Legal Authority for Proposed Legislation
Pursuant to Charter Section 6.04:
Competitively bid and advertised for two consecutive weeks
Joint or Cooperative Purchase Program
Professional Services
X Other
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required (205 Fund - $176,378)
X Appropriation Not Required
Does this legislation require use of an emergency clause?
Yes -
X No
Recommendation
Suggested Action
Staff recommends passage of the Resolution authorizing advances of local taxes. The Resolution should be passed prior to 2019 year-end to be effective for 2020.
Submitted by,
Jane Howington, City Manager
Jeff Knoblauch, Assistant City Manager - Finance Director