2014-26

RESOLUTION AUTHORIZING THE CITY AUDITOR TO MAKE A CASH ADVANCE OF UP TO $1,000.00 TO THE FORMULA GRANT FUND FROM THE GENERAL FUND

          Whereas, the City of Marion has determined a need to advance funds in anticipation of the Formula Grant for the City of Marion, and

 

          Whereas, the City of Marion anticipates the reimbursement of any and all advances to be repaid to the General Fund by January 31, 2015, and

        

          Whereas, the project will need to proceed in the 2014 year and said funds are needed to be advanced until such time as the reimbursements are made.

 

          Now therefore, be it resolved by the Council of the City of Marion, Ohio:

 

  1.  The City Auditor is hereby authorized to advance the cost of said project up to the amount of $1,000.00 to the Formula Grant fund.

 

  1.  That the City of Marion anticipates said advances being repaid to the General fund by January 31, 2015.

 

  1. That this resolution shall take effect and be in force from and after the earliest period allowed by law.

 

 

 

_______________________

Dave Edwards

President of Council

Approved:

 

 

 

__________________________

Mayor Scott Schertzer

 

 

Attest:

 

 

 

__________________________

Clerk of Council