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Motion passed. Ordinance 33-19B recommended for adoption. RESOLUTION 2020-33 —A RESOLUTION to take effect immediately provided it received the affirmative vote of at least two thirds of the members of Council,or otherwise to take effect and be in force after the earliest period allowed by law approving the Tax Budget of the City of Lakewood, State of Ohio for the year 2021, and authorizing the filing of same with the Cuyahoga County Fiscal Officer. RESOLUTION 2020-34—A RESOLUTION to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council or otherwise, to take effect and be in force after the earliest period allowed by law requesting the Cuyahoga County Fiscal Officer to draw and the Cuyahoga County Treasurer to pay to the City of Lakewood Director of Finance an advance of all real,personal property and special assessments collected in the year 2021 in such amounts as may be requested and available. RESOLUTION 2020-35—A RESOLUTION to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council,or otherwise to take effect and be in force after the earliest period allowed by law, accepting the amounts and rates as determined by the Budget Commission and authorizing the necessary tax levies and certifying them to the County Fiscal Officer. The Committee reviewed the alternative tax budget referenced in Resolution 2020-33. The budget is prepared by the City and filed with the County. Director Rancatore explained that Resolution 2020-33 allows the City to earn interest on the money the county collects. Resolutions 2020-34 & 2020-35 pertain to the City's tax rates and the amounts they will generate. Resolution 2020-35 lists all the tax rates and allows the City to levy its taxes. This legislation is due to the Budget Commission by July 201h and must be passed by July 15th, otherwise the County is not obligated to levy the City's taxes. These resolutions are required by statute. Director Rancatore explained that the legislation kicks off the 2021 budget process from a big picture perspective and lists the various tax estimates and other revenues for 2021. These allow the City to get its tax revenues without delay. The Committee agreed to further discuss the tax budget at its next meeting on June 151h. Approval of the minutes of the June 1, 2020 Finance Committee. A motion was made and seconded to approve the minutes of the June 1st Finance Committee meeting. A roll call vote was taken as follows: Yeas: Bullock, Litten, Neff Nays: none 2