The resolutions on the web site are intended to be for information purposes only and that the official record of resolutions is on file in the Office of the Fiscal Officer located at the Miami Township Administration building.

RESOLUTION 2005 - 07

The Board of Trustees of Miami Township, Clermont County, Ohio met in special session at the Miami Township Civic Building on February 1, 2005 with the following members present: Mary Makley Wolff, Edwin H. Humphrey and Ken Tracy.

MR. HUMPHREY made a motion to adopt the following Resolution:

RESOLUTION APPROVING THE ADVANCE OF FUNDS, DISPENSING WITH THE SECOND READING

WHEREAS, the Board of Trustees has previously adopted an appropriations resolution to provide for the current expenses and other expenditures of said Board during the fiscal year ending December 31, 2005; and

WHEREAS, it is necessary to advance funds from one fund (Creditor Fund) to another fund (Debtor Fund) with the expectation that repayment will be made to the Creditor Fund once real and personal property tax settlement revenue is received.

NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of Miami Township, Clermont County, Ohio by authority of Chapter 504 of the Ohio Revised Code and pursuant to Auditor of State Bulletin 97-003, as follows:

SECTION 1: That the following advance of cash are hereby approved by the Board:

CREDITOR FUND DEBTOR FUND AMOUNT
General Fund Police District Fund $300,000
General Fund Lighting District Fund $40,000

SECTION 2: That the Creditor Fund will be repaid once real and personal property tax settlement revenue is received.

SECTION 3: The Board does hereby dispense with the requirement that this Resolution be read on two separate days, pursuant to Section 504.10 of the Ohio Revised Code, and authorizes the adoption of this Resolution upon its first reading.

SECTION 4: That this Board hereby finds and determines that all formal actions relative to the passage of this Resolution were taken in an open meeting of this Board, and that all deliberations of this Board and of its Committees, if any, which resulted in formal action, were taken in meetings open to the public, in full compliance with applicable legal requirements, including Section 121.22 of the Ohio Revised Code.

First Reading: February 1, 2005
Second Reading: Dispensed with
Effective: March 3, 2005

MR. TRACY seconded the motion to adopt the Resolution. On the roll call being called the vote resulted as follows:

Mrs. Wolff AYE
Mr. Humphrey AYE
Mr. Tracy AYE

Resolution 2005- 07 adopted February 1, 2005.