HomeMy WebLinkAbout2633 Resolution RESOLUTION NO. 2633
A RESOLUTION authorizing interfund loans from the
General Fund to the Ambulance Service Fund in the sum of
$130,000, to the Cemetery Fund in the amount of $16,600, to the
TRAC Development and Operating Fund in the sum of $115,500,
and to the Stadium/Convention Center Fund in the sum of
$16,500.
WHEREAS, the City Council of the City of Pasco has, pursuant to RCW
35.33.121, found that it is in the best interest of the City to lend funds from
the General Fund to the Ambulance Service Fund, The Cemetery Fund, the
TRAC Development and Operating Fund and to the Stadium/Convention Fund
and to provide for the repayment thereof, NOW, THEREFORE,
THE CITY OF PASCO, WASHINGTON HEREBY RESOLVES AS
FOLLOWS:
1. Authorization for loan. The Finance Manager of the City of Pasco
is hereby authorized and directed to make the following loans from the City of
Pasco General Fund:
To the Ambulance Service Fund in the sum of$130,000 dollars;
To the Cemetery Fund in the sum of$16,600;
To the TRAC Development and Operating Fund in the sum of$115,500
dollars;
To the Stadium/Convention Center Fund in the sum of$16,500 dollars;
2. Terms and Memorialization. The effective dates of the loans
shall be December 31, 2001 and shall be due and payable 36 months
thereafter. Such loans shall bear no interest and may be extended for such
additional 1 year terms as may be deemed necessary for the repayment of such
loans. This resolution shall constitute memorialization of this loan and its
terms.
3. Previous Loans. The previous loans to the TRAC Fund and to the
Stadium/Convention Center Fund with expiring terms are hereby extended for
an additional year through 2002.
PASSED by the City Council of the City of Pasco, Washington, this 17`h
day of December, 2001.
SIGNED in authentication of its passage this 17" day of December, 2001.
r ,
Michael L. Garrison, Mayor
ATTEST: APPROVED AS TO FORM:
Catherine D. Seaman, Deputy City Clerk Lland B. Kerr, City Attorney