HomeMy WebLinkAbout1563 OrdinanceORDINANCE NO. 1563
AN ORDINANCE PRO"VIDING FOR TEMPORARY TRANSFER LOANS IN THE AMOUNT
OF $42,000.00 FROM ARTERIAL STREET FUND; TO THE CITY STREET FUND
IN THE AMOUNT OF $14,000.00; TO THE E.E.A. PROGRAM FUND IN THE
AMOUNT OF $8,500.00; TO THE CEMETERY FUND IN THE AMOUNT OF $1,500.00;
TO THE PARKS AND RECREATION FUND IN THE AMOUNT OF $8,000.00; TO THE
CAPITAL PROJECT RD. 32 FUND IN THE AMOUNT OF $4,000.00; TO THE ENTER-
PRISE GOLF FUND IN THE AMOUNT OF $4,000.00; TO THE INTRA -SERVICE
FINANCE FUND IN THE AMOUNT OF $2,000.00; ALSO, TO PROVIDE FOR REPAY-
MENT AND THE ASSESSMENT OF INTEREST.
WHEREAS, said money is available in the Arterial Street Fund, and
WHEREAS, said recommended loans are in the best interest of the City of
Pasco; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO ORDAIN AS FOLLOWS:
Section 1. The following temporary transfer loans are hereby authorized:
FROM:
Arterial Street Fund $42,000.00
Total: $42,000.00
TO:
City Street Fund
$14,000.00
E.E.A. Program Fund
8,500.00
Cemetery Fund
1,500.00
Parks & Recreation Fund
8,000.00
Capital Project - Rd. 32 Fund
4,000.00
Enterprise Golf Fund
4,000.00
Intra -Service Finance Fund
2,000.00
Total:
$42,000.00
Section 2. These loans shall be repaid by the various funds to the Arterial
Street Fund prior to December 31, 1973, together with interest at the rate of 5%
per annum.
Section 3. This Ordinance shall be in full force and effect after its passage
and publication as required by law.
PASSED by the City Council this 19
day of December, 1972.
DONALD D. LINTON, MAYOR
APPROVED AS TO FORM:
D. WAYNE CAMPBELL, CITY ATTORNEY