Resolution 2026-51 to supplement Resolutions 2002-80 and 2015-57 by removing Occupational Taxes (now known as Business Tax Receipts) as security for the City’s Capital Improvement Refunding Revenue Certificate, Series 2015

City Council · 2026-08-18 · agenda_item

This item involves a resolution approved by the City Council of Ocala to change how certain city funds are secured. Specifically, Resolution 2026-51 will remove Occupational Taxes, now called Business Tax Receipts, from being used as security for the City’s Capital Improvement Refunding Revenue Certificate, Series 2015. This is a procedural update to existing financial agreements. The city is making this change through an approved resolution, indicating the decision has been made. This action does not directly involve construction or physical improvements, but rather financial and administrative processes. Local businesses involved in finance, legal services, and government contracting may find this information relevant for understanding city financial operations.