HomeMy WebLinkAbout1604 OrdinanceORDINANCE NO. 16 04
AN ORDINANCE PROVIDING FOR TEMPORARY TRANSFER LOAN IN THE
AMOUNT OF $15,000.00 FROM THE ARTERIAL STREET FUND, TO THE
CAPITAL PROJECT - NEIGHBORHOOD FACILITY FUND IN THE AMOUNT
OF $15,000.00; ALSO, TO PROVIDE FOR REPAYMENT AND THE
ASSESSMENT OF INTEREST.
WHEREAS, said money is available in the Arterial Street Fund, and
WHEREAS, said recommended loan is 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 temporary transfer loan is hereby authorized:
FROM:
Code 120-541-13:41; Arterial St. Fund $15,000.00
TO:
Code 380-381-10, Capital Project Neighborhood
Facility Fund $15,000.00
Section 2. This loan shall be repaid by the Neighborhood Facility Fund
to the Arterial Street Fund prior to December 31, 1973, together with interest
at the rate of six (6%) percent 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 and APPROVED this 4th day of September, 1973.
DONALD D. LINTON, MAYOR
ATTEST:
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HARRY D. KINZER, DIRECTOR OF FINANCE AND
EX -OFFICIO, -&TY CLERK
APPROVED AS TO FORM:
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D. WAYNE CAMPB LL, CITY ATT04NEY