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Authorizing Tax Anticipation Time Warrents for 1992
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Authorizing Tax Anticipation Time Warrents for 1992
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Last modified
10/18/2012 8:57:05 AM
Creation date
10/18/2012 8:57:04 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/27/1992
Ord-Res Number
8238-92
Bill Number
6-92
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goUT ��` <br /> ,1 <br /> 04/\hl' , :d II <br /> /Ai:t` : /,;.„\II/ <br /> Vii,": ,\ //�!,z City of South Bend <br /> 114,-k,:<--.7,-:-5�«4 Joseph E. Kernan, Mayor <br /> Department of Administration and Finance <br /> Katherine Humphreys, Director <br /> January 8, 1992 <br /> Steve Luecke <br /> President <br /> Common Council <br /> 400 County-City Bldg. <br /> South Bend, Indiana 46601 <br /> Dear President Luecke: <br /> Attached is an Ordinance requesting authorization to borrow Tax <br /> Anticipation Warrants for the General Fund. We will again be <br /> borrowing for the 1992 calendar year and will be repaying these loans <br /> with our December tax settlement. As you may recall from prior <br /> years, we decided to borrow for the full year in order to fully <br /> realize the arbitrage profits as well as to reduce the administrative <br /> expenses associated with this borrowing. <br /> I look forward to discussing this further with the Council. In <br /> the meantime, I will be happy to answer any questions you or any <br /> other Council member may have. <br /> Since ely, <br /> Rat ,erine Humphreys <br /> Director of Administration <br /> and Finance <br /> attachment <br /> C:L-SteveL, Pg. 8 <br /> County-City Building • South Bend, Indiana 46601 • 219/284-9742 Fax 219/284-9892 <br /> Catherine A. Hubbard John D. Leisenring c. J. Cowsert <br /> Personnel Director Chief Deputy Controller Safety & Risk Manager <br /> 284-9124 284-9483 284-9482 <br />
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