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This document describes a resolution adopted by the Board of Commissioners of Washtenaw County to borrow funds against anticipated delinquent property taxes for the year 2011, outlining the terms,
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How to fill out resolution to borrow against
How to fill out Resolution to Borrow Against Anticipated Delinquent 2011 Real Property Taxes
01
Begin by obtaining the official form for the Resolution to Borrow Against Anticipated Delinquent 2011 Real Property Taxes.
02
Fill in the date the resolution is being drafted.
03
Specify the amount of money you are requesting to borrow.
04
Provide a detailed explanation of the reason for the borrowing, ensuring to mention the anticipated delinquent taxes.
05
Clearly state the source of repayment for the borrowed funds, referencing the anticipated collection of delinquent taxes.
06
Include necessary signatures from authorized officials, typically including the treasurer and the board chair or equivalent.
07
Ensure the resolution is approved in a public meeting and any required votes are recorded.
08
Submit the completed resolution to the appropriate governing body for final approval.
Who needs Resolution to Borrow Against Anticipated Delinquent 2011 Real Property Taxes?
01
Government entities or local municipalities facing short-term cash flow issues due to delays in property tax collections.
02
Treasurers or financial officers responsible for managing public finances and ensuring adequate funds are available for operational needs.
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What is Resolution to Borrow Against Anticipated Delinquent 2011 Real Property Taxes?
The Resolution to Borrow Against Anticipated Delinquent 2011 Real Property Taxes is a formal document that allows local governments or municipalities to borrow funds against the expected income from property taxes that are delayed or unpaid from the 2011 tax year.
Who is required to file Resolution to Borrow Against Anticipated Delinquent 2011 Real Property Taxes?
Local government entities, such as municipalities and counties, that are facing cash flow issues due to unpaid property taxes from 2011 are typically required to file this resolution.
How to fill out Resolution to Borrow Against Anticipated Delinquent 2011 Real Property Taxes?
To fill out the resolution, the local government must provide details such as the specific amount to be borrowed, the anticipated date of tax collection, and justification for the borrowing. It may also require approval from the governing body.
What is the purpose of Resolution to Borrow Against Anticipated Delinquent 2011 Real Property Taxes?
The purpose of this resolution is to ensure that the local government has sufficient liquidity to meet its operational needs until delinquent taxes are collected.
What information must be reported on Resolution to Borrow Against Anticipated Delinquent 2011 Real Property Taxes?
The resolution must report information such as the total amount of delinquent taxes expected, the exact borrowing amount, the interest rates applicable, repayment terms, and the expected timeline for tax collection.
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