HomeMy WebLinkAbout3127 Resolution RESOLUTION NO. 3 1 A
A RESOLUTION AUTHORIZING INTERFUND LOANS FROM THE
GENERAL FUND TO THE COMMUNITY DEVELOPMENT BLOCK
GRANT FUND THE AMBULANCE SERVICES FUND AND THE
EQUIPMENT RENTAL MAINTENANCE & OPERATIONS-
GOVERNMENT TYPE FUND IN THE TOTAL SUM OF $660,000,
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
Community Development Block Grant Fund, the Ambulance Services Fund, and the Equipment
Rental Maintenance & Operations-Government Type Fund, and to provide for the repayment
thereof, and
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:
(A)To the Community Development Block Grant Fund in the sum of$200,000;
(B)To the Ambulance Service Fund in the sum of$300,000;
(C)To the Equipment Rental Maintenance &Operations-Government Type Fund
in the sum of$160,000;
2. Terms and Memorialization. The effective dates of the loans shall be December 31,
2008 and shall be due and payable on January 1, 2009, 1 day later. Such loans shall
bear no interest. This resolution shall constitute memorialization of these loans and
their terms.
PASSED by the City Council of the City of Pasco, Washington, this 15th day of December 2008.
SIGNED in authentication of its passage this 157th day of December, 2008.
Joy OI f, Mayor
A ST APP AS TO FORM:
i
Debra Clark, City Clerk 1 Leland B. Kerr, City Attorney