Explanation
BACKGROUND: This is an annual event. Council has authorized the City Auditor to request and receive advances on property taxes, which will then be available per Ohio Revised Code.
FISCAL IMPACT: Provide a better cash flow for the Treasurer. If not needed for current expenses, we can invest it.
Title
To authorize the City Auditor to request advance payments for all taxes from the Franklin, Fairfield, and Delaware County Auditors during 2023.
Body
WHEREAS, it has been the custom of the City of Columbus to have the City Auditor handle all advance payment requests for taxes from the Franklin, Fairfield, and Delaware County Auditors; and
WHEREAS, it has become necessary in the usual daily operations of the City in that the Franklin, Fairfield, and Delaware County Auditors have advised the City Auditor that it is necessary to pass a resolution by City Council, as required by Chapter 321 of the Ohio Revised Codes, authorizing advance payment requests for the City of Columbus for all taxes, thereby preserving the public health, peace, property, safety, financial stability and welfare; NOW, THEREFORE
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor is hereby authorized and directed to request from the Franklin, Fairfield, and Delaware County Auditors advance payments for all taxes collected, in accordance with all procedures prescribed in Chapter 321 of the Ohio Revised Codes, during fiscal year 2023.
Section 2. That this resolution shall take effect and be in full force and after the earliest period allowed by law.