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HomeMy WebLinkAboutResolution 066-20RECORD OF RESOLUTIONS BARRETT BROTHERS - DAYTON, OHIO Form 6301 66-20 iT esol ution No. Passed A RESOLUTION REQUESTING THE DELAWARE, FRANKLIN AND UNION COUNTY AUDITORS TO DRAW MONEY THAT MAY BE IN THE COUNTY TREASURIES AND TO ISSUE A DRAFT TO THE DIRECTOR OF FINANCE OF THE CITY OF DUBLIN FOR ANY MONEY THAT MAY BE IN THE ACCOUNTS FOR THE CITY OF DUBLIN WHEREAS, Section 321.34 of the Ohio Revised Code allows local authorities, by resolution to request an advance of taxes collected to the accounts of such local authorities. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Dublin,'7 of its elected members concurring, that: Section 1. Pursuant to Section 321.34 of the Ohio Revised Code, the Council of the City of Dublin hereby requests that the Delaware, Franklin and Union County Auditors draw and the Delaware, Franklin and Union County Treasures issue a draft to the Director of Finance of the City of Dublin for any money that may be in the Delaware, Franklin and Union County Treasuries to the account of the City of Dublin, and lawfully applicable to fiscal year 2021. Section 2. The Director of Finance be and hereby is directed to file this resolution with the Delaware, Franklin and Union County Auditors, together with any applications for documentation necessary or incidental thereto. Section 3. This Resolution shall take effect and be in force upon passage in accordance with Section 4.04(a) of the Revised Charter. /6)-tA-dayof-JJ Passedthis 0 UeOLb<fms,2020. �'/� 4��2 --0�3 Mayor - Presiding Officer ATTEST: Clerk of Council nager City of Dublin Off 5 Perimeter Drive Dublin, OH 43017-1090 Memo Phone: 614-410-4400 • Fax: 614-410-4490 To: Members of Dublin City Council From: Dana L. McDaniel, City Manager Date: November 10, 2020 Initiated By: Matthew L. StifAer, Director of Finance Re: Resolution 66-20 Requesting the Delaware, Franklin and Union County Auditors to Draw Money that May be in the County Treasuries and to Issue a Draft to the Director of Finance of the City of Dublin for any Money that May be in the Accounts for the City of Dublin. Summary Resolution 66-20 allows the request to the counties for advances of property tax collections during calendar year 2021. This allows the City to receive funds prior to the established distribution dates and results in additional interest income earned by the City. Recommendation Staff recommends approval of Resolution 66-20 at the November 16, 2020 Council meeting.