Tompkins County
New York

Resolution
2017-270

Delegating to the Finance Director of the County of Tompkins, New York, the Power To
Authorize the Issuance of and to Sell $10,000,000 Revenue Anticipation Notes of Said County in Anticipation of Receipt of State Aid During the Fiscal Year of Said County Commencing January 1, 2018

Information

Department:Clerk of the LegislatureSponsors:
Category:AdministrativeFunctions:Annual Resolutions

Attachments

  1. Printout

Resolution/Document Body

              WHEREAS, it is prudent to allow for the possible issuance of revenue anticipation notes should there be a cash-flow problem resulting from delays in State Aid during 2018, now therefore be it

 

              RESOLVED, on recommendation of the Budget, Capital, and Personnel Committee, by the Legislature of the County of Tompkins, New York as follows:

 

              Section 1.  The power to authorize the issuance of and to sell $10,000,000 revenue anticipation notes of the County of Tompkins, New York, including renewals thereof, in anticipation of the receipt of State Aid due said County during the fiscal year of said County commencing January 1, 2018, is hereby delegated to the Finance Director, the chief fiscal officer of said County.  Such notes shall be of such terms, form, and contents, and shall be sold in such manner as may be determined by the Finance Director, consistent with the provisions of the Local Finance Law.

 

              Section 2.  This resolution shall take effect immediately.

SEQR ACTION:  TYPE II-20

Meeting History

Dec 11, 2017 4:00 PM  Budget, Capital and Personnel Committee Regular Meeting
RESULT:RECOMMENDED [UNANIMOUS]
MOVER:James Dennis, Chair
SECONDER:Glenn Morey, Member
AYES:James Dennis, Leslyn McBean-Clairborne, Glenn Morey, Daniel Klein
ABSENT:Michael Sigler
Dec 19, 2017 5:30 PM Media Tompkins County Legislature Regular Meeting
RESULT:ADOPTED [UNANIMOUS]
MOVER:Carol Chock, Member
SECONDER:Leslyn McBean-Clairborne, Member
AYES:Will Burbank, Carol Chock, James Dennis, Rich John, Anna Kelles, Dooley Kiefer, Daniel Klein, Michael Lane, Leslyn McBean-Clairborne, David McKenna, Glenn Morey, Shawna Black, Michael Sigler, Martha Robertson