HomeMy WebLinkAbout3210 Resolution RESOLUTION NO. 3 2`1C
A RESOLUTION AUTHORIZING INTERFUND LOANS FROM THE
GENERAL FUND TO THE ARTERIAL STREET FUND,
COMMUNITY DEVELOPMENT BLOCK GRANT FUND, ML KING
COMMUNITY CENTER FUND, THE AMBULANCE SERVICES
FUND,AND THE STADIUM CONVENTION CENTER FUND IN THE
TOTAL SUM OF$1,206,000
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 Arterial
Street Fund, the Community Development Block Grant Fund, the ML King Community Center
Fund,the Ambulance Services Fund, and the Stadium Convention Center 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 Interim 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 Arterial Street Fund in the sum of$1,000,000;
(B)To the Community Development Block Grant Fund in the sum of$165,000;
(C)To the ML King Community Center Fund in the sum of$4,000;
(D)To the Ambulance Services Fund in the sum of$22,000; and,
(E) To the Stadium Convention Center Fund in the sum of$15,000
2. Terms and Memo rialization. The effective dates of the loans shall be December 31,
2009 and shall be due and payable on January 1, 2010, 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 21 st day of December 2009.
SIGNED in authentication of its passage this 21 st`h day of December, 2009.
Joy bion, Mayor
ATTEST: APPROVED AS TO FORM:
Debra Clark, City Clerk Leland B. Kerr, City Attorney