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This resolution authorizes the County of Washtenaw to borrow funds against anticipated delinquent property taxes for the year 2010 to ensure the continuation of the Delinquent Tax Revolving Fund,
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How to fill out resolution to borrow against
How to fill out Resolution to Borrow Against Anticipated Delinquent 2010 Real Property Taxes
01
Begin by obtaining the official form for the Resolution to Borrow Against Anticipated Delinquent 2010 Real Property Taxes.
02
Fill in the title of the resolution at the top of the form.
03
Include the date of the resolution.
04
Provide the name and title of the individual or entities proposing the resolution.
05
Detail the amount of money to be borrowed, ensuring it directly relates to the anticipated delinquent property taxes.
06
Explain the purpose of the borrowing in relation to cash flow needs or financial obligations.
07
Outline the terms of repayment, including any interest rates and payment schedules.
08
Include a statement regarding the expected timeline for the collection of the delinquent taxes.
09
Provide a signature line for the officials or authorities approving the resolution.
10
Submit the completed resolution according to the relevant local government procedures for approval.
Who needs Resolution to Borrow Against Anticipated Delinquent 2010 Real Property Taxes?
01
Local government entities such as municipalities or counties facing cash flow issues due to delayed property tax collections.
02
Authorities involved in public financing that require assurance of future revenues to manage current expenses.
03
Financial departments within government that need to borrow funds against expected tax revenues.
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What is Resolution to Borrow Against Anticipated Delinquent 2010 Real Property Taxes?
Resolution to Borrow Against Anticipated Delinquent 2010 Real Property Taxes is a formal declaration made by a governmental entity allowing it to borrow funds based on the expected revenue from unpaid property taxes that are anticipated to be collected in the future.
Who is required to file Resolution to Borrow Against Anticipated Delinquent 2010 Real Property Taxes?
Typically, local government agencies, such as municipalities or counties experiencing a shortfall in cash flow due to delinquent property taxes, are required to file this resolution.
How to fill out Resolution to Borrow Against Anticipated Delinquent 2010 Real Property Taxes?
To fill out the resolution, the filing entity must provide relevant details including the amount of money to be borrowed, the expected delinquent tax collections, any pertinent dates, and signatures from authorized officials. The form often requires specific government formatting.
What is the purpose of Resolution to Borrow Against Anticipated Delinquent 2010 Real Property Taxes?
The purpose of this resolution is to address temporary cash flow issues faced by local governments due to late property tax payments, allowing them to continue operations and maintain essential services until the taxes are collected.
What information must be reported on Resolution to Borrow Against Anticipated Delinquent 2010 Real Property Taxes?
The resolution must report information such as the total amount of delinquent taxes anticipated, the total amount being borrowed, payment terms, interest rates, and any relevant fiscal impact data.
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